EMOTIONAL FOREX TRADING
Artificial intelligence (AI) is a field of computer science that focuses on building systems that exhibit intelligent behavior. A system exhibiting intelligent behavior is called artificial intelligence if its actions are unpredictable by humans. Artificial intelligence is sometimes described as machine learning, pattern recognition, expert systems, cognitive computing, autonomous agents, or simply robots.
An algorithm is a set of instructions written in a programming language that computers follow. An algorithm may be simple or extremely complex depending on how much data it processes. Algorithms are often used to solve problems in fields such as mathematics, physics, chemistry, economics, biology, engineering, statistics, and computer science.
Automated Trading Software
Automated trading software is software designed to make money automatically in the forex market without human intervention. Such programs are referred to as robot forex or automated forex trading bots. Robot forex are not allowed in some countries or regulated by law.
Bots are automated programs that trade on online exchanges. Most bots trade on margin, meaning they borrow money from brokers to fund their trades. Brokers charge interest on the borrowed funds, which is added to the bot's trading costs. Margin trading is considered high-risk due to the potential loss of investment.
Signals are alerts that let you know when a particular event occurs. For example, if a news article predicts that the value of the USD/JPY currency pair will increase, then you could set a signal to notify you when the USD/JPY reaches a predetermined level.