Forex Services
FOREXTRA operates with strategic partners around the globe, offering its clientele a wide spectrum of services, while the most successful one is the automated trading system, the so called “Forextra –Robot“.
What is a Forex Robot / Autotrading System ?
Wikipedia defines it as follows :
Forex autotrading is a Forex trading system where forex buy and sell orders are placed automatically based on an underlying system or program. The buy or sell orders are sent out to be executed in the market when a certain set of criteria is met.
Autotrading - and systems, or programs to form buy and sell signals -, are used typically by active traders who enter and exit positions more frequently than the average investor. There are also a wide range of systems that differ on the set of criteria used to generate buy or sell signals. Typically, the criteria used are more technical in format - in that they focus on price movement and technical indicators
Types
Today, there are two major types of Forex autotrading:
- Signal-based Forex autotrading: This autotrading mode is based on the concept of auditing traders all over the world and making their strategies available to anyone interested in the form of signals. Then traders have the ability to automatically convert any of these signals to real trades in their broker accounts. Human interference here is augmented; signals come from live traders while users can actively select to follow a Signal Provider whose strategy fits their risk profile. Examples of such platforms are: ZuluTrade, Rent a Signal etc.
- Fully automated or robotic Forex trading system: This way of autotrading is very similar to algorithmic or black-box trading, where a computer algorithm decides on aspects of the order such as the timing, price, or quantity or initiation of the order without human intervention. A special class of algorithmic trading is "high-frequency trading" (HFT), in which computers make elaborate decisions to initiate orders based on information that is received electronically, before human traders are capable of processing the information they observe, in addition to which they can reduce costs of trading and improve investor returns. The “Forextra –Robot” is such an automatic and automated trading platform.
Who can benefit from the “Forextra Robot “?
- Affluent investors that want to diversify their capital.
- Traders who are not comfortable trading their own capital.
- Institutions that want alternative.
- Portfolio Managers that can offer our “Forextra Robot” to their customers as a value-added service.
- Forex Brokerage Firms - Even though forex brokers might offer customers great customer service and an excellent trading platform, the fact remains that most do-it-yourself-traders lose money. Our “Forextra Robot“ may allow brokerage firms to offer their customers a new account management tool.
Why choose the “Forextra – Robot" ?
The combination of Swiss conservatism, reliable trading platform, highly advanced trading algorithms, an interbank system free of conflict of interest, and very competitive spreads in Forex trading makes the FOREXTRA ROBOT the ideal trading tool for the smart investor. All the above is reflected in an impressive performance :
