What is automated trading?
A number of times traders reach our site searching for the automated trading and we would like to amplify the same by stating that automated trading means your orders will be sent to your broker automatically without human intervention, even when you are away from your computer. Simply instruct your trading software, charting application, MS Excel or any custom market analysis software to send the orders through a software and it will take care of routing the orders to your broker. However please note that in India this not a legalised form of trading and this approach of trading is not available where a robot undertakes the trading on your behalf. However world wide where automated trading is legalised, one can get benefitted by using this system. At least such type of automated trading is legalised in Forex market due to late working hours.
How Automated Trading Helps:
1. It inculcates a habit of Discipline in a trader as your order execution will be improved by minimizing the human factor. No more missed opportunity or poor order execution because you were:
- not in front of your computer
- second guessing your system
- talking on the phone
- making mistakes while typing the orders
3. It also inculcates more freedom as most charting applications require that you trade only with their preferred broker. Automated software's gives you the freedom to trade with many brokers while still using your favorite charting application.
You can check out automated trading system India which generates buy and sell signals for Nifty and you can also check out algorithmic trading India fiasco on the eve of Diwali Muhurat trading at BSE.
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