How important is the automated system for the Forex trading system? Before answering this question, we must first determine how big the Forex trading market is. From there, we will learn about the importance of automated systems in the Forex market. The forex market is the largest market in the world, not only in terms of the average daily turnover and the average income of each trader. It is also the largest market in terms of participants. We named it, we got it. Consider the following: BANKS - It's not just about saving money and providing capital to entrepreneurs, they are one of the major players in the Forex market. Banks are responsible for a large amount of speculative trading and daily commercial turnover. Well-established banks can trade billions of dollars in foreign currency every day. Some professions are done on behalf of clients, but most are done through own desks. TRADING COMPANIES - These trading companies trade small amounts of foreign currency compared to larger banks, and their transactions affect market rates in the short and short term. However, the trade flow of transactions carried out by trading firms are the most important factors in the long-term direction of the exchange rate of a particular currency. CENTRAL BANKS - Central banks play an important role in the Forex market. They control the supply of different currencies, inflation and interest rates. In addition, they also have official currency targets that are manipulated. They are responsible for stabilizing the forex market by using foreign exchange reserves. Their intervention in the market is enough to stabilize a particular currency. INVESTMENT MANAGEMENT COMPANIES - These companies usually manage large accounts on behalf of clients, such as donations and pension funds. They use the forex market to facilitate transactions, specifically in foreign securities. For example, an investment manager with an international capital portfolio must buy and sell pairs in foreign currency to pay for purchases of foreign bonds. DETAILED FX BROKERS - They manage a portion of the total volume in the forex market. One single Forex broker estimates a daily retail volume of between $ 25 billion and $ 50 billion, which is estimated to be 2% of the total volume in the market. SPECULATORS: These are people who buy and sell foreign currency in the light of well-known methods such as profits and interest and dividends through price fluctuations. They play an important role in the transmission of people who do not want to be in danger. In the forex market alone, there are already six major players involved in the daily turnover of $ 1.8 billion. With a large number of forex players, it is necessary to manually change the automated Forex trading system. Among the major Forex players mentioned, the automated trading system holds a huge advantage for speculators. Since gains are based on fluctuations in the prices of different foreign currencies, analyzing real-time data will help them determine which trade will give them an advantage. Several automated Forex trading systems are available in the market. Automated Forex systems are also offered for free or as part of a trading account obtained through their Forex brokers or agents. These additional system packages are usually the usual trading system. This way, if you are looking for more features, you can benefit from additional payments. There are two types of automated Forex systems. It is discussed as follows: Desktop-based system - All Forex related data is stored on your hard drive. Forex traders do not know this system because all data can be exposed to virus infection and other security issues. Worst of all is that if your computer does not work, all the key information is lost and cannot be recovered (unless you have some backup files). However, it is a bit expensive compared to other types of automated trading systems. Web System: The security of your Forex account and other data is provided by your website provider. It is hosted on secure servers. It is also advisable that you do not need any software and that it is compatible with your internet browser. You can also first try different demos of automated trading systems so that you can determine the Forex automated trading system that suits your personal preferences and needs. Even if you are just a low-time Forex player, it will be to your advantage to use an automated Forex trading system for your future trading.