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?
Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.
Word of the day
"Basis Point (BP)" - A measure unit for interest rates which equals 0.01% and shows the percentage change in a financial instrument.
Trades usually have more chances of being successful during high market activity.