Currency trading is done on a much greater proportion than any other kind of trading in the world. Some 1.9 trillion dollars are exchanged every single day. About 73 percent of all currency trading is done by 10 intercontinental financial institutions with names you’re familiar with: Merrill Lynch, Citigroup, and so on. Local banks and other financial institutions account for another chunk of forex trading, and contracts by “day traders” — regular individuals, people like you and me — account for only 2 percent of the total.

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You’ve probably heard how wonderful automated Forex trading is, as there are a great number of advantages in utilizing such a system. However, are there only good things to say about automated Forex trading? There are always two sides to a story, so what is the dark side of automated Forex trading systems?

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