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Crypto algo trading refers to a very technical method that uses computer programs and mathematical algorithms for the automatic buying and selling of cryptocurrencies.
What is cryptocurrency algorithmic trading?
Crypto algo trading, short for cryptocurrency algorithmic trading, entails the use of computer programs and mathematical algorithms to automate the buying and selling of cryptocurrencies.
It is commonly known under many other names, also: automated trading, HFT-high-frequency trading, black-box trading, algo trading, API trading, and crypto bot trading, of course, the burning hot new trend in the crypt world.
Why is Algo Trading Important?
Every human trader can confess that all his prowess and weaknesses are in his head, at which a never-ending battle between reason and passion is being played perpetually. With the market running up or down, its movement makes it more unpredictable to handle the skills acquired with the swiftness and objectivity a person should.
Here is where algorithmic trading steps into the limelight. It helps in removing FOMO and FUD influences from your decision-making process, thus enabling you to stick closely to the trading strategy you have devised.
