🤔 Trading with algorithms 101:
Trading with algorithms is simply like having a robot 🤖 constantly making trades for you 24/7.
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Algo trading uses computer algorithms to automate the process of buying and selling financial instruments based on predetermined criteria.
Strategies used in algorithmic trading include Volume Weighted Average Price (VWAP), Time Weighted Average Price (TWAP), and Percentage of Volume (POV).
Although it brings many benefits such as improving efficiency and eliminating emotional bias when trading, algorithmic trading also faces challenges such as technical complexity and the risk of system errors.
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Curious? Read more to understand this method here 👇
