Algorithmic Trading: How Bots Are Changing the Forex Market
Introduction The Forex market is evolving rapidly, and one of the biggest game-changers in recent years is algorithmic trading. Traders are increasingly relying on automated systems, or “bots,” to execute trades, manage risk, and exploit market opportunities faster than ever before. But how exactly are these bots changing the way Forex is traded?
What Is Algorithmic Trading? ● Algorithmic trading uses computer programs to execute trades automatically based on predefined rules and strategies. ● How It Works: ○ Bots can analyze market data in real-time ○ They can place, modify, or close trades instantly ○ Decisions are based on technical indicators, statistical models, or AI algorithms