How does discretionary trading differ from algorithmic trading in the world of cryptocurrencies?

1 answers

• Mar 16, 2022 · 3 years ago
  At BYDFi, we believe that discretionary trading and algorithmic trading can complement each other in the world of cryptocurrencies. While algorithmic trading can provide efficiency and speed, discretionary trading allows for adaptability and human judgment. Traders can use algorithmic trading to execute trades based on predefined strategies and rules, while also incorporating discretionary trading to take advantage of unique market insights and opportunities. It's important to note that both approaches have their own advantages and disadvantages, and the choice between discretionary trading and algorithmic trading ultimately depends on the trader's preferences, skills, and goals.
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