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 here www.forexchronos.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.

Subscribe to brainyforex newsletter here

Learn about the myths of market trends & patterns with this complimentary (free) ebook here.

Learn how to trade with candlestick patterns with this complimentary (free) ebook here.

Learn how to identify a true breakout and get in before the crowd with this complimentary (free) ebook here.

Who said automated trading systems don't work? Check out our brainyforex robot testing page here.

Fluid Trader EA interview with developers, click here
Forex Mentor Pro Forex Trading Mentoring Review