AlgoPear: Getting Started Guide

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Algorithms are taking over many industries, and stock markets are certainly not immune to the appeal and advantages of machine-run algorithm trading. Stock market statistics from 2021 show that machines already make most US trades. With over 80% of the stock market automated, it has never been a better time to pivot to handsfree trading.

Trading With AlgoPear

AlgoPear is a marketplace for traders and algorithms to pair and simplify the trading process while monitoring their accounts. It’s recommended that everyone completes the trading questionnaire to suggest the best algorithms that match your trading personality and risk factor.

 

Getting Started:

Before pairing with an algorithm, you must connect with an Alpaca account. Alpaca is a brokerage that allows you to buy and sell stocks on US exchanges. The broker has gained popularity as it does not charge a commission for buying or selling stocks. Since they have built their infrastructure to accommodate algorithms in the stock market, they have become a model partner for AlgoPear.

Once your broker account is created with alpaca and your investment is deposited, you can now shop the market on AlgoPear for the perfect algorithm. All algos on the market display their winning percentage, a brief bio, and the minimum investment required.

Subscribing to the algo you’ve picked out will require a monthly submission charge that will go directly to the algorithm’s creator. Subscriptions are not permanent, and you are free to move your portfolio from algo to algo as you see fit. AlgoPear provides you with a dashboard to your account in real-time, so you always know how your investment is doing.

Paper Trading on Algopear is a great way to condition yourself into algorithm trading without fully committing financially. With all of the same features and access, you can now subscribe to all algos on the market for free, showing the profits and losses of your mock portfolio. Hit the switch on the top left corner when you feel confident in investing with your actual portfolio and getting started.

 

 

 

Join Our Newsletters For More Updates

Leave a Reply

Your email address will not be published. Required fields are marked *

More To Explore

Uncategorized

AlgoPear: Getting Started Guide

Algorithms are taking over many industries, and stock markets are certainly not immune to the appeal and advantages of machine-run algorithm trading. Stock market statistics