At present we’re now living in the era of technology. Certainly, it has changed our way of life. It has contributed to almost every sector including business/economy. As a result, we now have many automated technologies in online trading.
Now, when it comes to automated trading every trader gets anxious because it’s only software, not a human. You can lose everything you invest in it if something bad occurs like system failure or technical problems. So, it’s a 50% chance of profiting and if you can’t take that risk then automated trading isn’t meant for you.
I also have used a few trading technologies and not everyone was reliable but I found an automated platform which is both reliable and very popular. Yes, I’m talking about the FIX API Trading platform of SGT Markets.
Online trading is one of the most common professions today. Fix API trading is a platform that gives you the opportunity to become one of the leading traders in the modern era. This trading platform is currently available for retailers through MT4-Trader. The company is currently developing an automated trading system and software. In addition, this also allows access for the broad merchant community to solutions that are usually associated with institutional-level offerings.
Short description of FIX API
If you are not a Fix API trader, you have to wonder what the Fix API is and how it has proven to be useful for you. Let’s start by considering fixing online API trading as a connection between you and the liquidity provider that executes your trade in reality. When traders trade through cTrader or MT4, they must accept your trade request which is then converted to a FIX message and transferred via the FIX API session to a broker that has been created with their personal liquidity provider. If we talk in terms of MT4, all of these conversions are done through a bridge.
‘Bridge’ is a plugin that is available on the MT4 server and is able to change the MQL language to something that meets the standards, or you can say FIX API messages. But when you trade through a FIX API connection, you can pass additional latency installed along with using this platform.
Are you still confused about all this – don’t worry we are here at your service because we want you to understand thoroughly so that you can comfortably trade on some of the top-ranked platforms?
The term FIX is short for Financial Information exchange which allows you to trade so that you can become one of the most active traders in modern times. FIX gives you a set of protocols that gives you the opportunity to connect to FIX hosts and gives you the opportunity to get incoming market data but also get and send order requests and execution confirmation messages.
Why is FIX API considered the best in the trading arena?
FIX has now become one of the largest languages in the global financial market that is widely used by companies that buy and sell; it is even used as a trading platform and regulator to communicate trade information. This is an open standard that is being developed to develop business and regulatory needs. This is used by thousands of companies every day to complete thousands of transactions.
FIX is a method in which world trade is and is now one of the main ingredients in the trading market because it minimizes trading costs and maximizes efficiency. In addition, it also achieved increased transparency. This provides significant benefits for companies that are looking to explore the latest investment opportunities. This also minimizes market entry costs by the number of members
It can quickly communicate both domestically and internationally and also reduce switching costs.
The FIX protocol language is also equipped with a combination of message delivery specifications used in trade communications. Originally developed to support equity in the pre-trade and trade environment, but now it is going through rapid expansion into post-trade space which supports the direct processing of indications of interest (IOI) to allocation and confirmation. In addition, this platform also experienced extraordinary growth in fixed income, improving API foreign exchange trading and the registered derivatives market.
To conclude, if you really want to profit using automated trading technology then at first you’ll have to take a leap of faith because that’s how it works and if you had already used it then let me know how it was.