Forex Trading

Algorithmic Trading Bots

What is Forex Trading?

Forex, short for "foreign exchange," refers to the global decentralized marketplace where one currency is exchanged for another.

It is the largest and most liquid financial market in the world, with over $6 trillion traded per day. The market is comprised of various participants, including banks, corporations, governments, central banks, hedge funds, institutional investors and retail traders. Forex has no central marketplace, and all trading is conducted electronically over the counter (OTC), meaning that transactions occur directly via computer networks among traders around the world.

The primary purpose of the forex market is to facilitate international trade and investment by allowing entities to convert one currency into another for various purposes, such as purchasing goods and services from other countries or investing in foreign assets. Currencies are traded in pairs, where one currency is exchanged for another at an agreed-upon exchange rate.

Many market participants engage in speculative trading, aiming to profit from fluctuations in exchange rates. Traders can go long (buy) if they believe a currency will appreciate or go short (sell) if they expect it to depreciate.

SNR bots are developed using well-tested algorithms to predict these fluctuations with a high degree of accuracy based on mathematical models and to take trading positions to benefit from them

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The benefits of Forex trading

Liquidity

The forex market is the largest and most liquid financial market globally, with a high volume of trading activity. This means that traders can enter and exit positions with ease, and profits can be realized instantaneously

24-Hour Accessibility

The forex market operates 24 hours a day, five days a week due to its global nature and different time zones. This provides traders the flexibility to engage in trading at various times.

Leverage

Leverage in forex is a way for you to borrow capital to gain larger exposure to the market. This means that with a limited amount of capital, you can control a larger trade size

Diverse Trading Opportunities

Traders can engage in a wide range of currency pairs, allowing them to speculate on different global economies and their interactions.

Low Transaction Costs

Forex trading typically has lower transaction costs compared to other financial markets, largely due to the lack of a central exchange and the direct trading between participants.

Potential for Profit in Both Rising and Falling Markets

When you buy stocks, you can
only make a profit when markets
are rising. However, when you
trade Forex, you can make gains
by speculating on price
movements in either direction

SNR bots only trade the major currency pairs, which account to 88% of all forex trading

*percentages represent ratio of total traded

Trading only major currency pairs in the forex market comes with clear benefits.

These major pairs have a lot of trading activity and are easy to access, making it smooth to enter and exit trades. Their smaller differences between buying and selling prices mean lower costs, and they tend to be more stable and predictable due to their connection to important economic indicators and global events.

Our AI can use this predictability to spot trends and patterns better. Because they work well with technical analysis and are good for spreading out risks, major currency pairs offer a complete trading experience that could lead to steadier results.