Streamline Your Trading: The Benefits of Automation

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  Today, we want to dive into a topic that's close to every trader's heart: automated trading.  vfxAlert auto trade feature analyzes market data, execute trades automatically based on predefined criteria.   Traders can set specific rules and conditions for buying or selling options, and the automated system will act accordingly. Auto trade helps traders to avoid emotional decisions that may lead to losses. It allows for trading to occur 24/7 without the need for constant monitoring by a human trader. Backtesting is an important feature of automated trading, allowing traders to test their strategies on historical data before risking real money. Let's look at how it works.  To get started, connect with a broker.  Set up signal preset and conditions for automatic trading.  Then enable Auto Trade.         Signal preset:   Choose assets:  EURUSD, USDJPY;  expiry time - 15m.   Algorithm: Adaptive Signal power: 3,4,5  Amount: no more than 1-3% of the deposit, then you can increas
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Cross pairs

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Unlike major currency pairs, which include the USD as one of the currencies (such as EUR/USD or USD/JPY), cross pairs involve two other major currencies traded against each other. For instance, EUR/GBP or AUD/JPY are examples of cross pairs.


Cross pairs offer traders the opportunity to diversify their portfolios and capitalize on currency movements without involving the US dollar. 


Watch video on how to trade cross pairs 




Factors influencing currency movements such as economic data, central bank policies, geopolitical events, and market sentiment all play a role in determining the exchange rates of cross pairs.


One advantage of trading cross pairs is the potential for diversification. By incorporating currencies from different regions, traders can spread their risk and reduce their exposure to specific economic or political events affecting one country or currency. For example, if a trader believes that the Euro will strengthen against the British Pound, they can go long on EUR/GBP without needing to consider the US dollar's performance.


However, it's essential to note that cross pairs may exhibit lower liquidity, particularly during off-peak trading hours. This can result in higher trading costs and increased volatility, which may not be suitable for all traders, especially those with smaller trading accounts.




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