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, the present day is the best time to pivot to hands-free trading.
AlgoPear is a marketplace for traders and algorithms to pair and simplify the trading process while monitoring their accounts. We suggest that everyone completes the trading questionnaire to identify which algorithms match their trading personality and risk factor.
Before you pair 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 built the infrastructure to accommodate algorithms in the stock market, they have become a model partner with AlgoPear.
Once you create your broker account with alpaca and you complete the deposit process, you can now shop the AlgoPear market for the perfect algorithm. All algorithms on the market display their winning percentage, a brief bio, and the minimum investment required.
Subscribing to the algo 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 with real money. With the same features and access, you can now subscribe to 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.