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Why Citi Bank, JP Morgan and Golman replaced human traders with computers

by Alexander Collins

Did you know that major currency trading firms like CitiBank, Bank of America, Goldman, JP Morgan and many more over recent years have replaced nearly 80 thousand professional traders with efficient computers.

Think about that for a second. These large institutions literally earned millions and millions of dollars through the efforts of traders and they would not have fired them if they had found a way to earn even more money.

For the reasons for the change to automated trading systems instead of people take a look at the reasons why in this revealing video here

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