Did a rogue algorithm cause the British Pound flash Crash that took place during the Asian Market Session on October 6th?
Read my new blog post in which I explain how a rogue algorithm caused GBPUSD fall 1200 pips in 1 minute.
In just 1 minute GBPUSD fell down 1200 pips.
It was a major 10% drop in British Pound against US Dollar in 31 years.
In the next few hours however, GBPUSD recovered almost all the lost ground.
Today more than 60% of trades are being executed by algorithms.
Algorithmic trading is on the rise.
As a retail trader we need to adjust to a new environment.
Read the blog post in which I explain how a rogue algorithm caused the British Pound Flash Crash.