ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
Before we go into the details about automated trading broker busines, it is very important to explain what is Forex auto trading, because many people by mistake thing that auto trading and Forex trading robots are the same.
Forex trading robot is a special set of rules that is programmed into the Forex trading plaftorm that is activated on your trading account. The robot is programmed and knows what to do - when to open and close the trading positions. Most of the Forex brokers have the trading platforms that can be programmed to execute the actions of the trading robot.
Auto trading is different. A trader or group of traders are trading in real time. When they open or close a position, the special signal is automatically sent to your trading account and the special type of trading platform executes the order.
Now you see, this is about having special type of trading platform that has to be setup by the Forex broker. That is why only few Forex brokers can be called an automated Forex broker.
When you register with this type of broker, they open a trading account with this special platform. Then you can choose from the list of traders or groups of traders and plug your account to their work. Plus you decide how much money from your trading account to give to the trading under the signals of this or that trader. The money does not leave your account, it is virtually getting into the hands of the traders that you have chosen. Then you can even switch off your PC - they will do the job.
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