for the record - i never said it was illegal - but I agree that it should be - its an unfair competitive advantage...
investopedia, in my defence does list emotion as one of the factors favoring the use of bot trading...the other key one is rate of frequency (they can trade in milliseconds..)
https://www.investopedia.com/articles/active-trading/101014/basics-algorithmic-trading-concepts-and-examples.asp
Thanks for the correction - have said before and say it again - happy to be corrected. I am not in the game of fooling - bot trading can do the positives as listed by M0ntg0mery above... but depending on its programming - the operator of the bot is in it for profit (or reduced cost).
Wikipedia lists a good number of HFT methods that have been prohibited due to their effect on the market (US examples)... until such time as that kind of activity is identified and substantiated it will occur.
DYOR into HFT or Algorithmic Trading is the best thing you could do
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