It is a real welcome development to have an android automated system for trading the forex market for many years now. When it was initiated years ago, many thought it was a welcomed development, and that traders will be able to do some mobile trading with their android phones. Time has passed since then till now, and the forex android automated system has been nothing but a great asset to many.
WHAT IS A FOREX ANDROID AUTOMATED SYSTEM
Android is simply an open source operating system used for smart phones and tablet computers. A forex android automated system is a system of trading the forex market designed to work mobile appliances that are android enabled. Since the advent of android system, many took the advantage to create interesting mobile apps that allow traders to trade with their phones. Some of their features are
1. 24/7 FOREX TRADING:
Just like trading with your laptop or desktop computer, the android automated system has made it possible for traders to trade on their phones. The graphical user interface is good enough, and the trade is at interbank rate. It has landscape color charting in multiple timeframes for optimal visualization.
2. A LOT OF COMMODITY TO TRADE:
Most of the forex android automated systems have a lot of commodity for traders to choose from. There are more than fifty currency pairs available on the system, all of which cuts across the different trade zones in the forex market. There are also other commodities asides currency pairs which can be trading with this system too; like precious metals.
3. QUICK TRADE EXECUTION AND TRADE ORDERS:
With the forex android automated trading system, traders can get one tap trade execution from any screen with no form of delay. There are also limit order features like upper and lower bounds, take profit, stop loss, and trailing stop. All these are effective ways of avoiding risks in the forex market.
4. LIVE STREAMING AND ACCOUNT VALUE UPDATE:
The system also feature live streaming of trades going on as well as account value update in real time too. Time is everything in the forex market, and as little as one second can make a lot of difference. This very important fact was put into consideration while developing this system so that users will not in any way think there is a difference between trading with a mobile appliance and a desktop/laptop computer.
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