The use of mathematical models that react to real-time market conditions and place trades according to pre-set parameters without human intervention.
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Papyri PCZ I 59021, which dates back to 259/8 B.C., shows the exchange of coinage in ancient Egypt.
Word of the day
"Risk Capital" - The capital that a trader can invest without being significantly affected in the event of loss.
Always check transaction costs before opening an account (and keep in mind that cheap rates are no guarantee of reliability).