Forex (FX) consists of the trading between currency and exchange. The daily volume of forex trading internationally is $7 trillion in 2022. This asset class is considered one of the most transparent due to the difficulty for parties to influence the underlying value and price of a currency.
Algorithmic trading across some of the best currency pairs within the Forex networks involve identifying patterns that deliver consistent returns based on multiple performance metrics. Trading across this asset class allows investors to manage risk through liquidity due to the large volumes of international trades.
To generate consistent performance, we utilize backtesting across Profit Factor (Gross Wins divided by Gross Losses) and Profitability (Percentage of Winning Trades relative to Total Trades executed). Most technical traders are less concerned on the overall fundamentals relating to the security. Volatility is a major consideration when reviewing performance, specifically as it relates volume and potential indications of institutional support in either direction. Though Forex cannot be directly manipulated due to the large volume of liquidity, our institutional markers can pin-point general inflows and outflows of funds across the market as a whole.
Below are a few video of currency pairs available through Forex exchanges. For the extended library of videos click here.
FOREX | USDCAD
FOREX | USDJPY
FOREX | EURUSD
FOREX | GBPUSD
FOREX | EURGBP
FOREX | AUDUSD
Search thousands of trading charts or run the analysis yourself with our one-click optimization (same tools leveraged by high-frequency traders).
To explore additional sectors, use the selection below:
Join Our Community of 17,000 Traders
Looking for your next FX to trade? Check out our reddit group where our team of analysts and community posts hundreds of trading ideas daily.
Hundreds of charts posted daily
Coverage includes Stocks, ETFs and Forex
Clear Buy & Short Recommendations
This feature is designed to be used with the UltraAlgo script.