FOREX trading can be a super profitable investment, but it’s also a risky one, as foreign currency values are so hard to predict.
That is why it may be worth investing using FOREX trading software.
An automated trading software collects and analyzes data to find accurate trading opportunities that also present high probabilities of a good return on investment, and then it invests for you.
Typically, you would hire a broker to do this on your behalf for a fee, but there are a lot of ways using a FOREX trading software could be better.
Benefits Of A FOREX Trading Software
High Broker Fees
Broker fees tend to be pretty high, and they don’t go away.
Using a FOREX trading software is typically cheaper.
Accuracy
FOREX trading software tends to be more accurate and reliable than brokers.
No Emotions
Emotions can sometimes misguide judgment, but this factor is eliminated with FOREX software, as it uses pure logic and analytics.
24/7
The FOREX market is open 24/7, meaning you never know when you’re going to need to make a trade.
Brokers are human, so they won’t be able to make those midnight trades like software can.
What Software To Use
There are tons of options of FOREX trading software to use, and it can be hard to know which one is right for you.
When looking for one, it is important to find a company that will help you along the way and is transparent.
Kemistri is a FOREX investing algorithm company that has several options of software you can use with varying degrees of risk.
If you decide to go with Kemistri, they will work with you to determine your investing and trading style, and then get you set up with the right software.
You will be kept up to date, and at any time can pause the software and make manual trades yourself.
Here is a look at the products Kemistri offers, each costing £997.00 a month
Falcon
The Falcon is an Algorithm that works on a one-minute time frame that can trade all FX instruments on your MetaTrader 4 platform.
It uses a combination of the Relative Strength Index indicator and a bespoke MACD indicator to predict trends in the market to achieve consistent solid results.
The Forex predictor has a fixed trade size and trades minimal volume to limit your exposure to the market, and it will automatically place the stop losses and take profits with each trade making the strategy 100% self-sufficient.
The Falcon requires a minimum deposit of £10,000 for optimum performance.
Phoenix
Phoenix trades instruments with a trend following strategy.
It uses direct market access to a brokers’ pricing to identify trading movements based on the volume of orders at the brokers’ exchange.
The algorithm automatically places stop loss in the market to limit our client’s risk.
A minimum deposit of £10,000 required to trade the robot, and is best suited to the MetaTrader 4 platform.
Condor
The Condor will suit the trader with more appetite for risk,
It trades the EUR/USD on the hour chart and looks to take advantage of the European session.
The Condor seeks the more volatile market movements within the FX market looking to take a larger profit from each trade.
As the Condor will utilize more margin from your trading account there is a minimum deposit of £10,000 required to trade the robot and is best suited to the MetaTrader 4 platform.
Original Source: https://oddculture.com/why-you-should-use-a-forex-trading-software/
