Monday, August 31, 2020

AI and Forex

We would all be idle if we could..........James Boswell; Life of Samuel Johnson (1791)  



Forex trading, short for foreign exchange trading, is the process of buying and selling currencies on the foreign exchange market with the aim of making a profit. It is one of the largest and most liquid financial markets in the world, with a daily trading volume exceeding $6 trillion.

Here are some key points to understand about forex trading:

Currency Pairs: In forex trading, currencies are quoted in pairs, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen). The first currency in the pair is called the base currency, and the second is the quote currency. The exchange rate tells you how much of the quote currency you need to buy one unit of the base currency.

Leverage: Forex trading often involves the use of leverage, which allows traders to control a larger position with a relatively small amount of capital. While leverage can amplify profits, it also increases the potential for significant losses.

Volatility: The forex market can be highly volatile, with exchange rates fluctuating rapidly due to various factors, including economic news releases, geopolitical events, and market sentiment.

Market Participants: Participants in the forex market include retail traders, institutional investors, central banks, multinational corporations, and governments. Retail traders typically access the market through brokers.

Trading Hours: The forex market operates 24 hours a day, five days a week, due to its global nature. It is divided into major trading sessions, including the Asian, European, and North American sessions.

I came across an AI Forex platform that trades on your behalf, it paid me every week in the last month, returning 21%.

Apparently, it started a year ago and has never failed to post a profit for the week, Forex is $6trillion daily trading portfolio, its worth your research and risk appetite,

  • Propriety  AI sofware
  • Head office is in Panama
  • CEO;Huascar Lopez
Note: A few may be interested in blockchain bitcoins and the training/leadership arm of the business but not for everyone.

See You at the Top

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