Forex, in terms of daily trading volume, is the largest market on the planet and should not be surprising that data mining has a lot to do with determining success in the Forex market. Algorithmic Trading is the automated execution of a trading algorithm. In our case, the algorithm is derived from data mining. Once the algorithm is in place, all it requires is some programming codes to allow it to run the algorithm. The most important part of this puzzle is the data used to set up the algorithm-the scope for extensive data mining.
Many open source platforms are available for this purpose and one can choose the desired one according to his/her preference of speed and accuracy with there being an obvious trade-off between the two, given the vast amount of data available to us.

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