Automated trading is the name of the game now. Now body has got time to sit in front of the computer screen staring at the charts all day waiting for a trading signals. This can be more easily done by a software or a computer program. In the last few years, automted trading has developed by leaps and bounds. Now, there are many good trading robots available in the market at an affordable price. Automated trading in forex has become highly popular as their are around six currency pairs that take up more than 90% of the trading volume in the currency market. It is easy to develop a robot that is optimized for one or two currency pairs.
Are these robots the holy grail in trading? Definately not! But if you know how to use them, you can make good money with them. This all depends on the settings you use.
You must have also heard about a few stock trading robots. Stock trading robots are a bit complicated as compared to these forex robots keeping in view the fact that a forex robot is only optimized for only a few currency pairs. On the other hand, these stock trading robots have to analyze thousands upon thousands of stocks. This requires a lot of computing power.
However, the forex market has been taken over by these robots. But have you ever observed while trading forex that most of the brokers also let you spot trade oil, silver and gold from the same platform. Where is the money? In forex, oil or gold?
Most of the people only trade forex. Trading oil or for that matter gold is not much different than trading currencies. The real money lies in the oio market and the gold market but many people don't know it. A good strategy is to trade currencies, oil and gold at the same time as these three markets are highly interlinked. When oil prices go up, they bring in inflation and make US Dollar weak. When inflation rises gold prices also tend to rise. If you have been following financial news than you must know that in the summer of 2008, there was a 100% increase in crude oil prices in a matter of two or three months with crude oil prices jumping from around $60 per barrel to around $150 per barrel.
A trend once starts in the oil market lasts many months as the oil market is inelastic in the short term but elastic in the long term. After a passage of six or more months, people reduce their consumption of oil and so it's demand reduces.
In those few months, those hedge funds and traders who have been trading oil made a fortune. Now it is being said that crude oil prices will again rise from $70 per barrel to around $100 per barrel and hover their for quite sometimes and then eventually reach $200 per barrel in the next few years.
What this means is that if you can position yourself to trading oil at this time, you can reap a fortune in the next few years as the days of cheap oil are soon coming to an end. Good news is that there are traders who have developed robots for trading oil just like the robots for trading forex. Now, you can trade oil on autopilot while you sleep just like you can trade currencies!
Mr. Ahmad Hassam has done Masters from Harvard. Discover an Oil Trading robot that can make you rich! Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Neutrino Forex Signals!