I have traded for 30 years and every now and then I just be in awe of how Forex systems have evolved in that time. The advent of the computer gave everyone an opportunity to literally be on the floor of the exchange and perform trades almost instantly. The immediate access was made the playing field more even, but you still needed to be acquainted with technical and fundamental analysis in order to use the new technology.. Having access to fast computers was not sufficient, knowledge and nerves of steel were needed.
The next step in the evolutionary ladder was Forex Robots which did not make it obligatory to be an expert in technical analysis to trade.. Now the Forex robots did all the technical analysis for you and even and even executed the trade for you will you were playing golf. Of course there were good and awful Forex robots, some gave good results and other were simple copies of the successful ones and did not give results.. And yes, those that understood technical analysis and could tweak the Forex robots had greater success. This change was simply unbelievable.
If that was not sufficient, technology changed even further.. Forex Robots are programmed to trade on pre-defined Forex signals. If news events, such as a move by the Federal Serve on monetary policy came out, than the Forex Robot would be late to react and only after several technical conditions were met. Perhaps a bit behind or missing the trade. This is not a big deal since there is continuously another trade, but it does signify money.
A even better condition would be if you had a professional floor trader watch these events for you and alert you as soon as they happened.. Taking a step further, what if this identical trader executed a trade for you when the event happened to let you make the most of on the news. This sort of Forex systems was once regarded far fetched but now is a reality and the trader not only produces the Forex signal for you but enters and exits the trade for you. This add an additional dimension that combines artificial intelligence with human interaction.. Well those systems at present exist and now you can really go play gold and not worry, you have a professional trader minding the store for you. This trader has the added flexibility to make adjustment as needed.. Imagine how far we have come. Now for a very sensible fee you hire one or more professional Forex traders and you in no way have to leave your house to do it. The evolution of Forex systems is nothing short of Incredible
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