Forex Algorithmic Trading – Making money from money

Making money from money – its a very attractive proposition and one that many try. Professionals, beginners and everyone in-between has heard of or tried their hand at forex algorithmic trading.

There are a few components that you need to be successful at automated FX trading:

  1. You have to love it – yes you need a passion for this stuff
  2. You must understand patterns ( not exclusively currency patterns )
  3. You must have an understanding on how currency moves
  4. You must be able to program or trust someone who does
  5. You must be able to run your ‘code’ against historical data to see risk of ruin
  6. You must be able to connect your live code to a liquidity provider that doesn’t trade against you
  7. You must have the nerves to wait thru trades