How Algo Trading Works
The difference between Forex Discretionary Trading and Algo trading is you make decisions for yourself as a Discretionary Trader. You will learn how to complete technical and fundamental analysis before deciding on a trade.
Algo trading is a ‘robot’ which trades for your account. There are thousands of Algo bots you can choose from, both private & public. An Algo trader will have a set of rules and requirements the market must achieve before it places a trade. There is also a risk in Algo traders and they can suffer losses. Major financial institutions also use Algo traders to find patterns in the charts.