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What is a day in the life of a Forex trader Will it be replaced by a computer


FokWayne options trader from sellside forexdiscountbrokersternational investment bank forex traders point of view to answer: 5:45 - wake up, watch overnight news 6:15 - to the office, the computer forex discount brokers usually left open the night before, unlock to check the various cashback forex systems, take over the New York office order, continue to watch overnight news, trading records, etc. 7:10 - morning meeting, sales exchange customer activities forexbonusrebate 7:45 - breakfast 8:00 - default trading open (although the foreign exchange market is open 24 hours, but generally this point only began to be active, but also divided into countries, like Australia and New Zealand due to the time difference will have earlier fluctuations) 8-11 basically trading customer order, control the risk exposure and their own forexrebatesbrokershing to do when you continue to read the news analysis and so on 11:30 - lunch time, lunch while eating, staring at the plate, trading ORDER at any time 2:00 (winter is 1:00) - London to work, the most active foreign exchange market time of the day began (London is the largest foreign exchange trading center) about 3:00 London received all ORDER, generally at this time the Asian trader can already idle, look at the London opening, continue to manage their own positions more than 5:00 - write endofdaynote, ready to flash every month on Friday the United States announced employment data, traders will go to have a drink and eat a meal back to see the results of the data release Note: The above is the Beijing time computer: now many of the previous manual work is done by computer, including the customers order a lot of not too big we are thrown to the The computer algorithm to manage their own eyes on the large order can save a lot of heart computer will eventually replace part of the trader, some products such as foreign exchange spot will eventually be used like a computer to trade stocks, but the traders market intuition, disk sense and other computer is not a substitute for the general trading algorithm is simply the implementation of instructions, hedge risk, earn spreads but a good trader is to let his exposure in This aspect of trading also has a computer model may do, but many in buyside, sellside rarely seen and some derivatives products, such as options, electronic for the time being is not very penetrate into this, although has seen many aspects of the trend, but the main body or voicetrade, voicebroker as the main some derivatives products, such as options, electronic for the time being is not very penetrate into this, although has seen many aspects of the trend, but the main body or voicetrade, voicebroker as the main some derivatives products, such as options, electronic for the time being is not very penetrate into this. voicebroker for the main body of some derivatives risk, at this stage of computer technology is still relatively difficult to control Alpha  domestic foreign exchange brokerage traditional traders currently in a domestic foreign exchange brokerage as a trader so can only say how the domestic day is spent in the morning to the company open cnn, cnbc, Bloomberg, newworld these few TV channels, are live in plain English, of course, the source of information is not possible to wait for the TV live out, that the yellow flowers are cold, watch TV is to prevent unexpected events (some news is usually channels can not get, such as the Swiss central 11 years announced to maintain 1.2 when the TV report than the website out of the news ten minutes faster) and then look at the plate (basically the road home has been watching is a habit) to see the day Data has not changed and then do transactions according to the system, most companies are required to intra-day Oh there is also the companys black tea is very good, coffee, puffs, cupcakes are free, I and colleagues to see the boss is not in time will be in the office to drink wine and eat chicken wings, blah blah blah there are fluctuations when it is each do single mutual reference is no are mature traders, each have their own things trading to a certain level will know that only A person calm down to do well! If the market is not very volatile, but also at night karaoke or something, in short, not imagine so dull on request to send a photo it, in fact, other answers have been sent originally wanted to send a photo when drinking but could not find this one to see it, a visual understanding on the line In addition to the programmed alternative to manual this is not to worry about, we are traditional trading, you can choose to develop the program can also adhere to the manual this no Pressure, depending on the individual and the companys ideas I support the development of programmatic, my ea continuous development, want to programmatic is not a very simple matter, personal system first to be converted into a clear logic or it is difficult to achieve this is a major difficulty and then even after the realization, the later maintenance of regulatory upgrades more need your participation, because it is difficult for others to understand more than you so do not worry about programmatic replacement of people of course High-frequency quantitative trading is another story
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