&gt;Try trading in a market with low liquidity and no HFT. It&#x27;s a nightmare.<p>Such markets are created specifically for the purpose of avoiding HFT: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Dark_liquidity" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Dark_liquidity</a><p>HFT hasn&#x27;t been around that long, either. Before 2005 it basically didn&#x27;t exist.