It’s no secret computer algorithms are taking over the Forex markets. Nowadays, many companies use these algorithms to manage their trades and they are doing away with the human input. Unfortunately, most of these algorithms are either very expensive or require industrial grade hardware to operate. These restrictions leave such algorithms in the hands of major investment banks, hedge funds, etc.
However, retail traders are fighting back by combining their own knowledge through social networks. Social networks like Signaltrader used to be one such platform, and the difference between such and the aforementioned algorithms is that trades are made by people. There’s no consensus on whether computers or humans are the better traders, but the fact is traders had been doing well even before the algorithms came around.