EURUSD Market Update 18 Sep 2022
After ECB raised 0.75% of the interest rate last two weeks, this week is US Federal Reserve‘s turn to raise interest.
Key Advantages of Automated Trading Bot
Trading like CFD Trading or Forex Trading has become very common nowadays and there are many traders relying on trading to generate their main or passive income. Generally, there are two main types of traders – Manual Traders and Algorithmic Traders (also called Quant Traders).
Manual Traders as its name, place a trade and close the trade manually by analyzing the market technically and sometimes fundamentally while Quant Traders use an automated trading bot to trade on market to gain automated passive income. In our honest opinion, we do not have strong preferences for either way as long as it works. When we say it works, it means the same process or action of trading can consistently generate profit in long term.
However, it is undeniable that an Automated Trading Bot or Algorithmic trading has some key advantages that you should at least considering to include as part of your trading strategy.
EURUSD Market Update 3 Sep 2022
With more hawkish comments from US Federal Reserve members, the EURUSD dropped below parity again this week. Next week on 8th September 2022, it is again ECB (European Central Bank) Interest Rate announcement and we should expect it will be a volatile week for EURUSD.