Beware of algos impact on the markets ...Middle East

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Beware of algos impact on the markets
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Nowadays, there’s lots of algorithmic trading in the markets which is generally responsible for short-term moves. When you see quick spikes in the price, that generally happens because of algos. These are automatic algorithms that are programmed to identify opportunities in the market based on certain inputs and are almost always the first to move the price. There are even algos programmed to exploit other algos. Some examples of these algos in play is when you see big sudden spikes in the price as a news or economic report hits the newswires. This happens regularly and the trick is to identify when the reaction is right or wrong.Algos don’t have the human foresight (not yet at least). There

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