What is Algo Trading?- Best API for Algo Trading - Open a demat account online
What is Algo trading ? Answer: Algo trading is a form of automated trading where traders use computer programs to make all the decisions about when and how to trade. Algo trading can be used to make a wide variety of trades, including buying and selling stocks, currencies, and commodities. Algo trading is a method of executing orders using automated pre-programmed trading instructions. Algorithmic trading is the process of using computers programmed to follow a defined set of instructions for placing a trade in order to generate profits at a speed and frequency that is impossible for a human trader. Manual intervention is needed for placing orders as full automation is not permitted for retail traders. Streak by Zerodha allows traders who are unaware of coding and technical jargon to use automated trading services without knowing how to code. Algo trading is a type of financial trading that uses computer-generated algorithms to make trades. Algo trading is used by professional traders