Trading Tools & Tech: Harnessing power of innovation for successful trading
Article in Economic Times by Mr. Shrey Jain, Founder SAS Online - India's Deep Discount Broker
In the dynamic changing landscape of the stock market, traders are constantly seeking an edge to gain a competitive advantage. With the advent of advanced technologies, a wide array of trading tools has emerged, revolutionizing the way traders operate.
Algorithmic trading, mobile trading apps, advanced charting tools, robust trading software and real-time news platforms have revolutionized the way traders operate in financial markets. These innovations have empowered traders to make more informed decisions and execute trades with greater precision. Algorithmic trading, also known as ‘Black-box trading’, is one such technology that has gained immense popularity in recent years. It involves the use of computer programs to execute trades based on predefined rules and algorithms. APIs (Application Programming Interfaces) are used for algo trading.
Some of the advantages of algorithmic trading include rule-based decision making, minimize emotional or psychological factors and enable faster trade execution by leveraging the speed and efficiency of computer programs.
Charting tools are another important technology that traders use to improve their performance. These tools allow traders to visualize financial data in the form of charts and graphs, making it easier to identify patterns and trends in the market. Traders can also create custom indicators and trading strategies based on their own unique trading style.
Here in SAS Online, we empowered our traders to choose between advanced charting tools and can directly trade from charts.
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