Before talking about the advantages and disadvantages of financial robots it would be best to give an overview of where financial robots started and how they have gotten to where they are today. It all started in the 1970s when the Chicago Mercantile Exchange allowed large retail traders to auto trade contracts over computer systems. That system was the lone type of computerized auto trading software until 1999 when internet companies created the retail forex platforms that were dedicated to individuals. These computer systems let people instantaneously buy and sel...
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...th robo-advisors there is no need to meet with anyone because the portfolio is automatically allocated to your risk level every so often taking into account current market research and data. The traditional advisors have access to the same type of data that they robo-advisors have access to, however even with systems that help the traditional advisors analyze specific data there is a lot of human error that will most likely come from the data mining that the traditional advisors have to do to get the data. With the automated investment advisors, they are able to use their unique algorithms to make predictions based on a specific trend from fifty to one hundred years of data. This much data would not be easy for a traditional investment advisor to handle because of the sheer amount and validity of the data that was pulled by the advisor within their specific platform.
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