The use of mathematical models that react to real-time market conditions and place trades according to pre-set parameters without human intervention.
Did you know?
Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.
Word of the day
"Tick" - The difference between the current market price and the last-quoted market price.
Try to stay away from bucket shops.