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The latest markets news, real time quotes, financials and more. Well, with automated forex trading software, you can have all of those qualities and more. How Does Automated Forex Trading Software Work? Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple timeframes. For example, if a software program using criteria the user sets identifies a currency pair trade that satisfies the predetermined parameters for profitability, it broadcasts a buy or sell alert and automatically makes the trade. That’s because automated software is intended to make your trading decisions unemotional and consistent, using the parameters you’ve pre-established or the settings you’ve pre-installed. For currency speculators who do not make trades based on interest rates but rather on currency spreads, automated software can be very effective because price discrepancies are immediately apparent, the information is instantly read by the trading system and a trade is executed.

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