#adigitalblogger #algotrading #algorithm
Myths About Algo Trading:
Algo Trading cannot be as successful as humans:
Many think that a robot is simply not able to feel the market which is not false but still misleading. Algo Trading ensures that trading style such as scalper and arbitrage trading is executed which is otherwise impossible for humans to do. And if one's trading style and strategy are sound then one algo trades too will be successful.
You Can Set and Forget With Algo Trading:
While it is true that algorithmic trading does the work to accumulate profits, saving time from everyday trading routines, they still require some level of supervision. For example, Investors should monitor all trades for any code error.
Algorithmic Trading is Too Technical:
Many people have the misunderstanding that you have to be a programmer or technical whiz to be a successful algorithmic trader. the truth is that if you’ve got an idea for a trading system you don’t have to program it yourself as most algo platform with effective algorithmic trading strategies.
