FAQ

Does auto trading work?
Auto trading systems are not perfect, but when you consider that the majority of trading being conducted on major stock exchanges is reportedly auto trading it is easy to see that it clearly works when done properly. In fact, auto trading is nothing more than turning a trading system, the entry, exit and money management rules used to trade markets, into a programmed system rather than following it manually. Auto trading can even be considered superior to manual trading since it completely removes emotions from trading.

Is auto trading legal?
Auto trading in the currency markets, equity markets, commodity markets, and cryptocurrency markets is all completely legal. There have been no regulations or laws passed in any country that prohibit auto trading (that we’re aware of). However, whether or not auto trading is allowed in an account is a decision made by the individual broker. Many allow auto trading, but some prohibit it for their clients. When you’re trading with AlgoExodus you’re always free to use auto trading to enhance your trading and potential profits.

Is auto trading profitable?
There’s no trading method that’s inherently profitable, and that’s true for auto trading as well. It can be profitable if the rules that are used to program the system are accurate, but auto trading can also be a quick method to empty a trading account. In addition, any automated trading system needs to be monitored at all times. A change in the market dynamics has been known to change a successful and profitable auto trading system into a losing, money draining beast. So while auto trading might seem like an easy way to profit, the truth is there’s no easy way to profit from markets, although auto trading can make it easy to ensure you don’t miss any trades.