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I don't recommend algorithmic trading. Interactive Brokers shows that less than half of their forex traders are profitable and it's very consistent: https://www

I don't recommend algorithmic trading. Interactive Brokers shows that less than half of their forex traders are profitable and it's very consistent: https://www.interactivebrokers.com/en/index.php?f=3731 https://www.interactivebrokers.com/en/index.php?f=3731 If you end up doing it then do it with a very small amount of money and scale up SLOWLY. I don't think you will have fun in cryptocurrency markets either. They are ridiculously volatile and your bot will probably be doing nothing for a while as it waits for the price to come back.

myroon5 8y ago
Forex seems like a market where the average trader would see less success than something like equities because Forex seems zero-sum at best. Do they have these statistics for other markets?
mathgenius 8y ago
> less than half of their forex traders are profitable Slightly less than half are profitable. This seams reasonable. And how much of IB trades are done by algo trading? Probably not much.