Posts Tagged ‘Entertainment’

Currency Trading Robots Soak Up Greenback Woes

April 23rd, 2022

In recent years, hi tech Forex trading bots or robotic software programs have become increasingly, and enthusiastically used to trade on the foreign exchange markets, both in The United States and globally.

Three forex robots are particularly popular because of their claims that, for example, the software will double an investor’s money, bringing in a 100% gain to the account in 30 days. The three programs are all distributed on the Idaho based, ClickBank digital product aggregation marketplace.

Why is currency trading suddenly becoming so popular? Today’s financial climate, although still volatile, is thought to be a rather predictable one; that is, we see a falling American dollar and a collapsing euro. The Australian dollar, on the other hand, is strengthening against the U.S. dollar and the euro, as commodities are being seen as a safer bet than merely holding American dollars, U.S. stocks or treasury bonds. In these uncertain times, foreign exchange traders can make substantial profits in these offshore financial markets. The times are uncertain to some, while being relatively predictable to others. Emerging economies such as Brazil, Russia, India and China lend an added dimension: atypical growth in an environment of contraction.

The U.S. greenback is not officially in a currency crisis. That is, not until China, Japan, Saudi Arabia, Iran and Russia dump the dollar as their preferred reserve currency and replace it with something else, such as a basket of mixed currencies, and possibly gold. The Middle East oil producers have already stated that this would be their preference, following the global financial crisis that began in 2008. China and Japan each hold approximately a trillion U.S. dollars worth of Treasury debt, so they continue to prop up the falling dollar.

In light of the above, it is reasonable to speculate that the foreign exchange or forex traders will be having an easier time, overall, with their currency trading decisions. Of course the forex robots are systems based upon artificial intelligence. One product even uses the description of ‘neural net’ in its name, to imply that it works rather like a human brain. The difference is, of course, that it works coldly, without flushes of emotion to dampen its intelligence.

Micro movements too, can be traded using these forex trading automation tools. Statistical comparisons with price changes in gold, silver, oil and other commodities are important factors to consider also as sudden news announcements can lead to a rush on banks and even to an instant debasement of the American greenback, due to the existence of about 70 trillion dollars of federal (national) debt and unfunded federal liabilities and social responsibilities, such as medicare, medical insurance plans under the Obama government, superannuation and Social Security entitlements to the aged in the USA.

As unsavory as these things may sound, they all must be faced and taken into account when evaluating certain global currencies. Currency trading is an exciting area of investment and the automatic robots must appear irresistible to some people considering entering this field of activity. They ought to tread carefully, read all available material and do their due diligence first.