Common Myths About Algo Trading
Myth 1: Algo Trading is only for professionals
Reality: With tools like Market Mentor, anyone can start algo trading. You don’t need to be a coder or a finance expert.
Myth 2: Algorithms always guarantee profit
Reality: No strategy can promise 100% success. Algorithms reduce emotional errors and improve discipline, but market risks still exist.
Myth 3: Algo Trading is too complicated
Reality: Modern platforms simplify algo trading. You just set your rules, test them, and let the system trade automatically.
Myth 4: Once set, it runs forever without updates
Reality: Markets change, so strategies need periodic adjustments. Algo trading requires monitoring and fine-tuning for the best results.