Forex Broker Selection is proud to be previewing a new option coming to all clients.
This exciting new feature is Forex AutoConnect. AutoConnect is brought to us by FX Solutions and is an auto trading signal providing community. Some of you may be familiar with popular sites such as ZuluTrader or Collective2; which are very similar to AutoConnect. Forex Broker Selection will be adding Collective2 to the site in the coming weeks to make this option available to clients as well.
For those of you who have not heard of a signal providing and auto trading community it works like this….
A trading system is a method of trading in which the trader follows precisely defined rules. Often, trading systems follow buy or sell instructions generated by sophisticated computer programs. Other times, trading systems are managed by human beings who follow clearly-defined mathematical rules. The point of a trading system is to remove emotion from investing.
Through this unique community traders have the ability to use another trader’s system interchangeably based on the results published to the public. The beauty behind all of this is when you set up an account through FX Solutions using the links provided on the Forex Broker Selection website, you can choose from hundreds of system; picking only the best suited for your trading style and risk tolerance. Because FX Solutions is offering this community, there is no need to continue opening new accounts which are compatible with different services. FX Solutions brings all of this together, to allow for clients to pick and choose systems at free will.
Do your research before choosing to go with an auto trading system.
FX Solutions has done a majority of the work for you in terms of due diligence before listing any trading strategy to the AutoConnect community. Each trader undergoes a routine procedure to verify trading system, the trader, and results, so that not any trader can throw up a system. However, each client should analyze each system they are considering thoroughly so that the system’s parameters match up with your risk tolerance and overall trading plan. Furthermore, we suggest running the system on a demo before considering to trade any system live. This allows every client to monitor how the system will work and to take action in the event this is necessary.
Because the AutoConnect option allows for auto trading this negates the necessity for clients to run a platform all day every day to manage and monitor trades. We have many clients who very much want to be a part of the forex trading community, but cannot find the time to fit in actively trading during their busy lives. Many of you still work a full time job and do not have the time to devote towards full time trading. This presents a viable option to take an auto trading system’s trades along side of your trades that you are able to place in your free time.
Impact of the new CFTC regulations on AutoConnect.
US based clients do have the ability to use the Forex AutoConnect services as do non-US clients. This option is available to everyone.
Forex Rebates while trading the Forex AutoConnect.
As some of you may know, many auto trading systems trade incredibly high amounts of volume. Therefore, receiving rebates on ALL of your trades while trading through the use of an automated system is pertinent. Through a unique relationship with FX Solutions and Forex Broker Selection, we are offering every client a QUARTER-PIP rebate on every trade placed. This will not raise your spread, this is completely an added bonus for all Forex Broker Selection clients. Please give us a call to discuss this alternative in greater detail.
Forex Broker Selection Team