Forex trading is a small segment of vast market of foreign exchange. It has been seen and witnessed that it represents 2% of the entire foreign exchange market. With is increasing tendency and regular evolution in the past few years it has gradually shifted from the traditional route of intra-bank papers trading systems to new and more advanced route of electronic trading with the developing forex trading software systems in the field.
In 1966, when the forex trading came into existence, there were several bookers handling the trade but they lacked specific tools and each had its own specific trading platform according to there needs and requirements.
Later in 2000s some software companies entered the market with their forex trading software which created a new version of trading platform. In the beginning some traders did not paid heed to the new development and carried on with their old tools but some did and this brought a misunderstanding between the traders that affected the forex market.
It was in the last few years that the FX trading software took place of the old tools and it became more accessible to the traders which in turn made the currency trading system more simple and intuitive.
It was very difficult to create an automated forex trading system as the market keeps on fluctuating and also to tell the investors to look upon which zone, which currency to buy and sell and when to look for the counter trends.
Some software companies in the beginning failed to meet such requirements but later some developed an Automated Forex Trading System that met all the requirements and became popular with the investors along with them some banks too expanded themselves with the FX trading appeals.
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