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Algorithmic Trading….Useful or Hogwash?

Traders are just starting to figure out that Algorithmic Trading is really all Hogwash when its the same people, making the same mistakes they always made, just faster and with a few more indicators added. Fx trading is not a science. If it were, everyone would ultimately use the same Algorithm and make money. But its a zero sum game...a loser for every winner...so it can't be. Trading is an art and you can learn how to do it and not be part of the 90-90-90 club.
by Jeff Wecker