We’re so glad you asked.
Algorithmic trading is a way to make better, smarter, more confident online trades. And like every other groundbreaking improvement in history, it has its own story.
It goes something like this:
Not so long ago, to create the simplest “algo”, you needed a developer (or two) to write a program for you, and a powerful computer (expert adviser or robot) to run it for you.
Understanding how this worked is a little technical, but in a nutshell: the developers worked with quantitative analysts to figure out what parameters to use. The algo would then trade for you when the conditions set by the parameters were met.
Cool? Very cool. So cool that these days 90% of institutional trading that happens on the market is performed by algos.
Not so cool is the fact that retail traders (that’s you, probably), still perform 90% of their trades the old-fashioned way. This isn’t just wasting a lot of time. Traders who trade manually also tend to get greedy and overtrade or make revenge trades (i.e. make even riskier trades to win back what they’ve lost).
You guessed it. They end up wiping out their accounts with bad money and risk management. And they do it super fast. 80-90% of retail traders wipe out their accounts within 3-6 months. Like I said. Not cool at all.
90% of institutional trading in the market place is performed algorithmically.
Here’s the cool part.
While algorithmic trading used to be technically and financially beyond the means of just about everyone but big trading floors, today anyone can do it.
With smart algotrading software like Tekton by your side, you can keep up with the biggest and the best without spending a dime. And you’ll be up and trading in minutes.
Sound like something you might be interested in?
That’s what we thought.