What is Algo Trading and Why you should prefer it over manual trading
What is "algo trading"? With the advent of time everything seems to be getting automated and trading among all the other things is no exception to the trend or rule. Somewhere we all are tired and sick of manual trading and relying on emotions and instincts for taking the right decision. Even though you may have good instincts or you may take your decisions calculatedly keeping the emotions aside (that’s what we think) but somewhere while trading, you rely on human instincts and are bound to use your emotions more than the use your brain or calculations. But this is not possible with a machine. So humans invented Algo Trading to get rid of human biases and greed, make trading more hassle-free and profitable. Software or algorithms don't have instincts or emotions, (at least for now) they are bound to be found in humans and so they can be more reliable. Algo trading or Algorithmic trading or also called Automated trading or Black-box trading makes use of technolo