Currency Trading

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AUTOMATED FOREX SYSTEMS -COMPARISON TABLE

What is an Automated Forex Trading System?

An automated Forex trading system is a combination of hardware and software consisting a Computer, a Trade Platform and a Programming Code (Expert Advisor) that plugs-in the platform. Such systems are designed to open and close long/short positions in the currency market without any human interference. All executed trades are based exclusively on the combination of a trading strategy and a money management system (MM), implemented as software code by the computer system.

Comparison of some of the most popular Forex Automated Systems in the World:

NOTE: Our Rating consist:

(1) The efficiency of the automated trading system as a whole

(2) The ability of the system to adapt to new market conditions

(3) The price charged in order to own the system

(4) The re-fund rate of past customers who have bought the system and then asked for their money back (Data from Clickbank)

□ Compare Forex Automated Systems

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Forex Market Sessions and Time-Zones

The Foreign Exchange market is open and active 24 hours a day, 5 days per week. This unique feature allows Forex investors in all over the world to trade during their normal hours.

Two Time Zones

There are two Forex time zones (Summer and Winter):

1. Summer Zone (April – October)
2. Winter (approx. October – April)

Forex Market Sessions

Currencies trade 24 hours a day, 5 days a week. This round the clock trading process exists due to different time zones where markets operate in the four corners of the world.

The Foreign Exchange market is divided into four main sessions: the European, the North American, the Australian, and the Asian sessions. Alternatively, these sessions are called as the London, New York, Sydney, and Tokyo sessions. As it was mentioned before, there are two time zones (Winter and Summer Zones).

(a) WINTER ZONE (OCTOBER-APRIL)

◙ EST (US) WINTER TIME ZONE

Typical EST/EDT Forex Winter Trading Hours:

• London Session: from 3:00 am to 12:00 pm EST
• New York session from 8:00 am to 17:00 pm EST
• Tokyo session from 18:00 pm to 3:00 am EST
• Sydney session from 16:00 pm to 1:00 am EST

◙ GMT (UK) WINTER TIME ZONE

Typical GMT Forex Winter Trading Hours:

• London session from 08:00 am to 17:00 pm GMT
• New York session from 13:00 pm to 22:00 pm GMT
• Tokyo session from 23:00 pm to 08:00 am GMT
• Sydney session from 21:00 pm to 06:00 am GMT

Read more: Forex Market Sessions