HI, I'm brand new and looking what exchanges are good for buying and selling foreign currencies? Ideally, I'm looking for something with an API which I can automate the sale/purchase and grab prices? Thank You, -G
Sounds like you need a forex broker. Many of them use trading software such as MT4, for which you can add an expert advisor to automate your trades
Are you literally talking about buying some foreign currency through a bank and keeping it until you can ask the bank to exchange it back into your own currency? Are do you mean private retail forex trading through a broker?
You mean a platform to buy and sell currencies simultaneously online? You need a retail broker. Each broker offers a platform, could be Metatrader4 or Metatrader 5 or Ctrader, and other custom platform. I use Forexchief, which offers Mt4 and Mt5 to traders. With this broker you can register, get free $100, download their mt4 or Mt5 and start trading EURUSD, USDJPY and many others. Stock and Cryptocurrency are also available. I hope this helps.
Maybe you want to automate your trading, Metatrader 4 and Metatrader 5 are platforms that support automatic trading features, there are so many broker offer platforms Metatrader 4 and Metatrader 5, included FXOpen, this company included reliable broker as true ECN and regulated in ASIC, FCA, and Cysec.
the result of automated trading is just all about short time approach , so manual trading i always prefer.
I am using a hybrid trading strategy, on one trading pair I attached ea, and sometimes if based on my analysis ea against the major trend I will cut loss manually, on the other side I am also trading on another trading pair.
Choose a reliable broker that does not have any restrictions on trading robots (for example, fxopen). At the same time, this broker provides low spreads and instant execution, which is very important in trading, especially with scalper advisors.