Question 1

How do I get started with algorithmic trading?

Accepted Answer

Start by learning the fundamentals of trading and market analysis, then choose a platform like Gentic that offers no-code bot building. Begin with paper trading to test your strategies before using real money.

Question 2

What are the risks of algorithmic trading?

Accepted Answer

Algorithmic trading carries risks including market volatility, technical failures, and strategy flaws. Always backtest thoroughly, use proper risk management, and start with small amounts.

Question 3

Can I use these strategies on any exchange?

Accepted Answer

Most algorithmic trading strategies can be adapted to different exchanges, but you'll need to consider each exchange's API limitations, fees, and available trading pairs.

Question 4

How much money do I need to start algorithmic trading?

Accepted Answer

You can start with as little as $100-$500 for learning purposes, but having $1,000-$5,000 allows for better diversification and risk management. Always start small and scale up as you gain experience.

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