Why Citi Bank, JP Morgan and Golman replaced human traders with computers

by Alexander Collins
(ForexChronos)

Did you know that major currency trading firms like CitiBank, Bank of America, Goldman, JP Morgan and many more over recent years have replaced nearly 80 thousand professional traders with efficient computers.

Think about that for a second. These large institutions literally earned millions and millions of dollars through the efforts of traders and they would not have fired them if they had found a way to earn even more money.

For the reasons for the change to automated trading systems instead of people take a look at the reasons why in this revealing video. Sorry video no longer available but Alexander can be contacted through his new forex website www.forex21.com

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Automated forex trading systems articles.

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.