How is algo trading different from the way I am currently trading?

Algo trading significantly transforms the trading experience by automating the entire process, thereby reducing the need for manual entry. This automation ensures consistent execution of trading strategies, eliminates emotional biases, and allows for processing large volumes of data much more quickly and efficiently than is possible with manual trading. It enables thorough backtesting of strategies using historical data to evaluate their potential effectiveness.

Furthermore, algo trading often results in a more disciplined and precise approach to trading, cutting down on emotional decision-making. Currently, 55% of trading in the market is executed via algo trading, highlighting its widespread adoption among high-net-worth individuals (HNIs) and institutional traders. This adoption reflects a shift towards more sophisticated, data-driven trading methods that can offer significant advantages over traditional techniques.

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