Algo Trading, also known as Algorithmic Trading, is a type of trading strategy that uses computer programs to automate trading decisions.The decisions are based on the algorithm and predefined rules. The algorithm is designed to analyze the market data (such as volume, price, etc.) and then make trading decisions.
Let's understand in simple words that Algorithmic Trading is a process of executing orders utilizing automated and pre-programmed trading instructions by using time, volume, and price.
“ The Quickest way to Double your Money is to fold it in half and put it in your Backpocket ”.
Will Rogers
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Conclusion Algorithmic Trading uses computer code to take Entry and Exit in trades automatically once specific criteria are met.
Is Algo Trading Legal in India?
Yes, Algo Trading is Legal in India as per the noftification by SEBI in 2008
Is Algo Trading Profitable ?