Is algo trading the future of FX trading?

Algo trading accounts for about 92% of forex trades, proving its effectiveness and potential as the future of FX trading. Creating an algorithm for forex trading was previously a domain for traders with qualitative backgrounds (mathematics, data science, statistics, or software engineering) and large institutional investors.

What is algo trading & how does it work?

Algo trading eliminates human decision-making limitations like emotions, hesitation, and fatigue. Like every other strategy, algorithmic trading isn’t perfect and requires thorough testing, monitoring, and fine-tuning to deliver the best results consistently. What is Forex Algo Trading?

Why should you invest in algo trading?

Diversification: Algo trading enables traders to diversify their portfolios by deploying multiple strategies across different currency pairs and timeframes simultaneously. 24/7 Market Monitoring: Algorithms can monitor the Forex market around the clock, taking advantage of trading opportunities in different time zones and sessions.