Currency trading, also known as the foreign exchange market or Forex, has exploded in size and popularity. There are seven major pairs that trade 24 hours a day around the world. By and large the retail investor is unsophisticated and.

The next step in automated trading, which is still used today, is for the broker to have a prescribed system where the investor executes the trade based upon the signal from the broker. Hundreds of brokers service the retail or small to medium investor who wishes to trade Forex. The new frontier in automated Forex trading is the use of expert advisors or EA's. Currency trading pits one country's currency against another country's currency in what is called a pair. Automated Forex trading has evolved as a result of smaller traders wanting to be players in this market. Expansion of access to the Internet and communication technologies have encouraged growth in the retail Forex market. The first automated trading was to have a broker manually place trades for a managed account under a given system. The broker employed traders who were CTA's to follow the systems and execute trades.

Forex can be traded with a few hundred dollars or hundreds of thousands of dollars.