For novice traders, using an algorithmic approach to their trading strategy can offer a number of advantages over manual methods. By taking the emotion out of trading, both large investors and retail traders can benefit from an algorithm’s logical approach to making decisions. It can be especially useful for those who are new to trading, as it can be a helpful way to learn basic trading principles and develop long-term effective strategies.One of the most popular algorithmic trading strategies is called market making. This strategy involves simultaneously buying and selling a security within a tiny fraction of a second, taking advantage of small price fluctuations for a small, but consistent profit. By providing liquidity in the markets and strictly following the parameters of their model, market makers can make consistent profits, even in bear markets.Another common algorithmic trading strategy is trend following. This strategy involves taking long and short positions, depending on the direction of the market. By observing trends and taking advantage of speculative moves, trend followers attempt to exploit short-term price opportunities. While this strategy involves more risk as compared to market making, it is often more successful in generating greater returns.Lastly, arbitrage strategies are also frequently employed by algorithmic traders. This strategy attempts to take advantage of pricing inefficiencies between the same security or asset across different markets. Arbitrage traders capitalize on the differences in prices between the two securities and make a profit when the pricing discrepancies are eliminated.Algorithmic trading allows investors to execute large numbers of trades with little effort. By removing human involvement from the equation, traders can identify opportunities in the markets that they would otherwise miss. Novice traders can especially benefit from this strategy, as it can help them improve their understanding of the markets and get accustomed to trading fundamentals. By combining market making, trend following, and arbitrage strategies, novice traders can look to take advantage and improve their overall trading performance.