| With the stock market and other financial markets | | | | capital in the account. |
| down, retail forex market continues to experience | | | | The last and one of the most important reasons for |
| explosive growth that is expected to last beyond 2010 | | | | the increased popularity of retail forex is the increasing |
| for many years. The primary reason for this continued | | | | sophistication of algorithmic trading systems popularly |
| growth is due to the fact that sophisticated investors | | | | known as Expert advisors or Forex Robots. More and |
| are turning towards forex trading as a way to | | | | more investors are using these automated trading |
| diversify their portfolios. This is being driven by the 24 | | | | systems in making money online. |
| hour liquidity, tight spread and easy and ready access. | | | | Recently the first Forex Robot World Cup (FRWC) |
| Another reason for most of the sophisticated | | | | was held. It had a cash prize of $150,000. The winner |
| investors taking up forex trading is the fact that it is | | | | robot developer was a trader from Croatia who won |
| similar to bond and equity trading in many ways. Those | | | | the $100,000 cash prize when his robot made |
| investors who have been trading equities and know | | | | something like 150% in one month in the live trading |
| something about fundamental analysis and technical | | | | competition. |
| analysis can easily switch to forex. | | | | Transparency and tough participation rules meant that |
| Recent advances in technology means price | | | | the robots that took part in this competition had to |
| transparency and a better trading experience with the | | | | really prove themselves in live trading. This live trading |
| use of stop loss and trailing stops. What this means is | | | | started in December and ended in January. Forex |
| that traders can execute their trading plans using a | | | | robot developer from Croatia won the cash prize of |
| combination of these orders to better manage their | | | | $100,000. The next round of the FRWC will be even |
| currency risk. | | | | bigger than the first and will start in a few months time. |
| Managed forex account also make forex trading easy | | | | What this means is that with a proven and tested |
| for many people who don't have the time to learn | | | | robot they can trade forex without having to sit in front |
| forex trading. These managed forex accounts give | | | | of their computers for long hours. These robots are |
| them the opportunity to profit from the forex market | | | | programmed to trade automatically. The development |
| without having to trade it. These accounts are | | | | of forex robots and their improved performance is |
| managed by professional traders on behalf of their | | | | going to drive the growth in the retail forex in the |
| clients who have full access and control over their | | | | coming years. |