Within a year, it is one common way for trading in developed markets and is rapidly spreading in our developing economies as well. It’s necessary to learn algo trading to trade the markets “profitably”.
The trading uses the automated and pre-programmed trading systems to execute the orders in stock exchange. From 2008, algorithmic trading in India has gained huge prominence and many big institutions are using it very efficiently for their benefit so much so that good percentage of market turnover is done through the same.
Hence it’s time we get into the mainstream of automated trading especially now when the exchange itself is thinking to extend its trading hours from existing 6 1⁄2 hours to approx. 131⁄2 hours. We believe this is not humanly possible for individuals to trade for such long hours.
Its technology which seems to be so alien rite now will become need of the hour for all institutes & individuals who are actively trading.