Is Algo Trading Possible for Retail Traders? How can Algo Trading benefit Retail Traders?

Is Algo Trading Possible for Retail Traders?

It's been long since algo trading has put its feet in the world of trading and it's been approximately 13 years since algo trading made an entry into the Indian trading scene. And since then algo trading has gained a lot of eyeballs and trust of the majority of the traders around the world and continues to do so by simplifying trading and bringing in new avenues of earning and trading to people. In India, algo trading is a growing field and holds approximately 50% of the total trade volume, most of the trade volume is not formed by individual traders but institutions doing HFT (High Frequency Trading). Individual traders or Retail Traders are still very apprehensive about this changing scene in the trading world. Being surrounded by many myths, lack of knowledge on the subject matter and resistance to change can be some contributing factors. But the bottom line here is many retail traders are turning to algo trading for making profit, saving time and avoiding emotional decisions. So, here we are going to assist all the retail traders with some information from our side that can help you make a switch to algo trading. 

To begin with, some of you may have clicked knowing what trading algo is, but many of you might not be aware of it. So, here is a quick recap of all the important information, we have put out before-

• What is algo trading?

• The future and evolution of algo trading

• Myths and facts about algo trading

• 14 algo trading strategies

• How to set up an algo trading system?

• Algo trading with python - benefits

• Difference HFT, algo trading and automated trading 

Coming back to the point, with so many algo trading software providers in the market (including us), one thing is clear: you do not need to learn coding and algorithm development, you need not to invest large amounts of money as that in HFT and you can choose to place the trades automatically or manually all by yourself as per your assessment. As a retail trader, you can choose what is best for you, what service provider you want, and what kind of service you want - automated or semi-automated. Some will provide you to choose between algorithms developed with their trading strategy and some like us will provide you with the choice to have algorithms developed with your own trading strategy that you have been using for a long time, some will provide you with different pricing patterns and some will provide you with a different package. 

As a retail trader, now you have more information on the internet and various platforms to choose from, which was a rarity in the year 2008 when algo trading started. 

Benefits of Algo Trading to a Retail Trader

Now some of you may ask, I am a retail trader and I am doing pretty well, then why should I change my trading technique? Well, good question from your end. Let us answer that for you! First and foremost, thriving for the best is not a crime, if you are doing good today, thrive for doing better tomorrow and even better the day after tomorrow and do not stop ever. 

“If people are doubting how far you can go, go so far that you can’t hear them anymore.” – Michele Ruiz

Algo trading helps you in achieving the best of the situation. If the markets are doing good, then it helps you make the most out of it, but how and why? Here are some of the reasons/ways in which a retail trader can achieve the best of the market with the help of algo trading.

1. Trade Systematically with algo trading - automatically record every step of the process and transactions 

2. Discipline your Trading Process - remove human mistakes

3. Accelerates Trading Speed - trade in real time, takes swift actions

4. No Market Monitoring - do your own work while algo trading does its own

5. Accurate Buy & Sell Signals - knows when to buy or sell 

6. Helps in Diversifying Portfolio - widen the scope of your investment

So this was our perspective on the topic “algo trading for retail traders”. We hope this has been useful and that you have enjoyed reading it. 

→ Even if you don’t know - how to code and develop an algorithm, but you have an amazing trading strategy in your head, it's not an issue you can still think of becoming an algo trader! 

→ Just reach out to us and get a personalized algorithm developed from your trading strategy!

→  Just login and let the software trade for you!

→  Explore the World of Algo Trading!

→ We at SMART ALGO provide our clients the Best Algo for Trading Software integrated with API Bridge, Auto Buy & Sell Indicators and Strategy Development Tools like MT4, TradingView, Python, and MT5.

→  Call or Drop a message on WhatsApp anytime 

+91 9826140465 or +91 8853615263 

→  Email Us: info@smartalgo.in

→ Visit our website to know more about Smart Algo - Algo Trading platform India.

 

Note: 

1. We do not say that trading algo guarantees you money or profits in the market and that manual trading results in losses.

2. Market conditions play an important role in the trading process and earning of profits either through trading algo or manual trading.