Is trading with algorithms a good or bad idea?

[klassicdoll]

There is no denying that algorithmic trading has a number of benefits, including speed, effectiveness, and objectivity in trading choices. However, the fact that algorithmic trading depends on intricate and sophisticated equipment that can malfunction, crash, or be hacked happens to be one of its primary potential dangers. Technical issues can result in order delays, mistakes, or losses. They can even start unintentional transactions, which can negatively impact both your performance and the market.

What about you? What is your opinion on this?

 

[Suba]

Trading algorithms utilize the help of computer programs so that the system can work automatically in managing trading orders on various trading instruments (stocks, forex and crypto) so that there is no human participation. But it's best before you use a trading algorithm on a real account, you need to test it first.

 

[Webster]

There is no denying that algorithmic trading has a number of benefits, including speed, effectiveness, and objectivity in trading choices. However, the fact that algorithmic trading depends on intricate and sophisticated equipment that can malfunction, crash, or be hacked happens to be one of its primary potential dangers. Technical issues can result in order delays, mistakes, or losses. They can even start unintentional transactions, which can negatively impact both your performance and the market.

What about you? What is your opinion on this?

Algorithims are only as good as the people who created them, plus putting your trust into them can sometimes get you burned.

Just look at the controversies surrounding the use of algorithms in social media, for instance; do you want to put your investments in the hands of what is essentially a computer program? I don't.

 

[Stardom22]

For me l have never mastered the art of trading before. l am still learning that venture slowly by slowly for now.

 

[riberet19]

I don't trust them, leaving my money working on a bot for me is not safe because I don't trust those who designed it, there is a big chance that these bots are to drain your money in the long run, it is better to trust your knowledge and own trades.

 

[klassicdoll]

Algorithims are only as good as the people who created them, plus putting your trust into them can sometimes get you burned.

Just look at the controversies surrounding the use of algorithms in social media, for instance; do you want to put your investments in the hands of what is essentially a computer program? I don't.

Absolutely. Nowadays, you really have to look thoroughly at the things you want to invest in, especially things like algorithm trading.

 

[eLdavis]

I can't really say it's a good idea or not. The best thing would be to try it and if it favors you, go ahead.

 

[King Belieal]

People that I know don't rely on bots entirely. The bots have a role they do in terms of analysis, but they place the trade by themselves.

 

[neku]

I do not like using algorithms for decision making, I prefer to manually check the company before deciding to invest in the company, using my past experience.

 

[kerryjoy]

Before deploying a trading algorithm on a real account, it's crucial to test it thoroughly beforehand.