| dc.description.abstract | The foreign exchange market, known as Forex or FX, is a financial market where currencies are bought and sold simultaneously. Forex is the world’s largest financial market, with a volume of more than $6 trillion being traded daily. It is a decentralized market that operates 24 hours a day, except for weekends, which makes it quite different from other financial markets. In the past, it was a business for big banks and hedge funds, but now with advances in technology and the internet, even retail traders and trading companies access the market through brokers. The trading company or a retail trader makes profits when it predicts the directional market movement correctly and losses when they predict it wrong. A trader can enter the trades by either buying with an anticipation that the base currency is going to rise or sell with an anticipation that the base currency is going to weaken. Despite some financial experts here seeing it as the market that Ugandan youth and other investors can tap to make money, trading is sophisticated not just to newbies but even established companies and trading experts since it depends on many technical and fundamental factors and it's hard to know the market trend and identify trading opportunities in the financial
market. In our final year project, we intend to solve the above problem by developing an automated Forex Market Trading Advisory and Forecasting (FMTAF) system that utilizes a machine learning algorithm to analyze the forex market depending on different technical factors to predict and forecast market movements to help traders carry out informed decisions. | en_US |
