There are many traders, both institutional and independent, that are using algorithms to profit from these inefficiencies. And in many ways, algorithmic trading can often be more profitable than traditional discretionary trading, since much of the emotion is taken out of the trade selection and decision making process.
How much does an algo trader make?
The salaries of Algorithmic Traders in the US range from $20,072 to $535,864 , with a median salary of $96,858 . The middle 57% of Algorithmic Traders makes between $96,858 and $243,042, with the top 86% making $535,864.
Is algo trading always profitable?
Only one in five day traders is profitable. Algorithmic trading improves these odds through better strategy design, testing, and execution.