February 24th 2010 Forex Contests
You could have heard about foreign exchange trading competitions, but have you heard about forex robot competitions? Unlike ordinary trading competition where traders compete with there strategies and the winner is decided by the total profit made, in currency exchange robot competitions, automated software compete under the same rules. As a consequence the winner is the best Forex robot that trades mechanically. In one such competition called foreign exchange Robot World Cup recently top androids where selected. The result’s FRWC Royal Trader which is composed of the top currency exchange expert counsellors. There are downsides to such competitions too. Any kind of software is known to trade well only for a period, and it could have traded completely during the competition. But as market conditions change, these robots might not perform just as well in the future.