An AI trading bot might not work, or else there would be no more losers in trading if everyone used an AI trading bot. Regardless of the style of trading, the trading sites would still make money, as more traders using trading bots would lead to more transactions and, consequently, more fees collected by the site.
Personally, I believe that no AI, robot, or similar technology can guarantee success in a volatile market because any sudden news or speculation can have a significant impact on the market within seconds. No AI would be able to stay that updated and respond quickly enough to such rapidly changing conditions.
Topic: Did you know about AI trading bot? - page 3. (Read 534 times)
Trading bots can't do better than human in traders using these bots are still making great loss in trading. If you are using AI for trading and everyone is using AI and we say that this AI helps in trading. This means that nobody will run at loss and who will pay for the profit of the other,because I know that in trading, when I loss,the other person profits and vice versa. Meaning is everyone is using AI,then trading will be done by everyone because it will sure that you will be profitable in trading. It will be a cheat and I don't think that exchanges will key into that. It is better that you learn all the important aspect of trading and come up with your own trading strategy so that you can teach someone else. Using AI will not add anything to your knowledge and experience.
I agree, but the AI of the bot will have an advantage in psychological terms, I mean that it acts strictly according to the prescribed plan and does not give in to emotions, and this is a very important aspect. Also, he cannot forget something, not take into account, miss, and there is no non-working mood or something like that.
You say that when everyone uses AI in trading, everyone will become equal again, but I don’t think that everyone will do this, and if this happens, it will not be very soon, so everyone cannot be in the same conditions.
I agree with you that first of all you need to learn all the important aspect of trading and try to grow day by day and improve your own strategy, it's firstly and maybe more important
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
If AI proves it's worth that it can generate profit in trades much better than any human traders out there and that the scoreboard for the competition of Human vs AI produces a large gap then maybe that's the time that I'm going to try it out but right now it's too risky for me to use AI when trading, yes it's a time saver but I don't think that me losing a lot because there's some discrepancy in how the AI traded is a good trade for me.I have a neutral opinion when it comes to trading bots, there's no trend of their usage yet meaning that it's not yet a good time to get in if you're not a good trader yourself because it's likely programmed in a way that it imitates human trading but at an upgraded level. Maybe when a lot of people are already showing results that are positive, that's probably the time that I would try it out.
AI trading might be gaining traction recently but it has been in existence before now, although it was only offered by some group of companies. I feel more comfortable using it on credible CEXes, and I guess people feel more comfortable too using them in CEXes, hence the increased adoption.
Really? So, Since CEXs are already adopting this AI Trading, Maybe I will use it then. I also came across one on Bitget with 100 USDT loss protection fund. I will try the it own as there is a protection fund for it. Yea it’s okay to try it out and I will advice you DYOR, have equally been using it too and it’s been good so far.
Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit.
Maybe the newbies in cryptocurrency can get freaked of their moves in such manners, this is their first time to experience them making claims on profitability.
There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes.
Exchanges do not need to advertise trading features for people to use, traders are aware of them all, beginners are those that needed more information on that and those that best fit in making such adverts are the crypto influencers, exchanges will rather be busy updating you on the newly introduced digital currencies so you could invest
Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.
There's nothing called opportunity there, exchanges cannot introduce you with what will make them loose over you while you're winning, they are their to make money even at your expense.
Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.
I will advise you DYOR, there's nothing like you making your findings and deciding for yourself, everything takes risk when it comes to trading, this post should be on trading discussion board please.
Always DYOR, exchanges can’t get you freaked by any new feature wether it’s been advertised or not, I believe AI bot trading is more efficient on CEX but be careful on which CEX to use.
I believe that this bot is the future of both trade and the world as a whole. As for trading, the lack of emotions and the ability to calmly analyze data are the main advantages of this product. There are things that can be attributed to the minuses of the bot, such as setting, program, some technical points, but in general, I think this is a fairly effective thing. I can’t say which is better a bot or a person, each has its own strengths, but I’m sure that it will be used
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
We already have alot of users here who are already trading with AI and there have been alot of sucesss recorded within the apace of time and we all are glad about rhat, but just like casinos have prevented the usage of bots or other nonhuman activities, but CEX has indeed been a major player in AI transaction and trading.If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too
Actually the major reason why I never wanted to trade with AI bot trading then is because it wasn’t available on most CEXs then, it seems like a Ponzi pattern on some website I can only trust it on CEX. I started trading with the AI bot when Bitget started it, so far have been hitting profits and have not been greedy too😂 because greediness is what kills sometimes, I try to take profit once I reach my target.
BOTs always depend on the programming that is done, there is nothing new there, not all the bots that operate in the exchanges use AI, really important is that, also in small letters they tell you "be careful you can lose all your funds". If you operate with AI is not a result of not losing money.
You’re quite on point with your assertion, actually some CEXs have trading bot that uses AI, just like the Bitget AI trading bot. Also one thing we should know is AI is more efficient in Technical Analysis (TA) than human being. The only part where AI might be weak is that of financial analysis due to occurrence such as news, rumor and all which may cause the market to change direction of which does not happen often. Most time trading is based on Technical analysis of which AI is very perfect with it. Have traded with AI for complete one week with no single loss. Some exchange equally offers loss protection fund incase of any loss. Also do not be greedy once your AI hit your determine profit make sure you do the needful by being contented.
AI trading might be gaining traction recently but it has been in existence before now, although it was only offered by some group of companies. I feel more comfortable using it on credible CEXes, and I guess people feel more comfortable too using them in CEXes, hence the increased adoption.
.
.
Yea it’s been in existence actually but I guess many people are scared to use it because it hasn’t been adopted by CEXs just some few registered companies were trading bot then, but now you can check for CEXs because it’s now available there as well.
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
I will agree with you to the fact that AI will be very good at the technical analysis only few cases where financial analysis change the way market moves. Have actually tried it on Bitget couple of time and it went well.
Trading bots can't do better than human in traders using these bots are still making great loss in trading. If you are using AI for trading and everyone is using AI and we say that this AI helps in trading. This means that nobody will run at loss and who will pay for the profit of the other,because I know that in trading, when I loss,the other person profits and vice versa. Meaning is everyone is using AI,then trading will be done by everyone because it will sure that you will be profitable in trading. It will be a cheat and I don't think that exchanges will key into that. It is better that you learn all the important aspect of trading and come up with your own trading strategy so that you can teach someone else. Using AI will not add anything to your knowledge and experience.
There are many reasons why I don't see the use of bots as a good way to trade even though the company tried to give out loss protection funds for those people that could become a victim of loses. We need to understand what the word loss protection really means because it is not that the company is going to pay the victim everything they have lose but they will be compensated which might not be uoto 30% of there loses.
In case where the user had made a lot of profits using the bot and suddenly started making loses, no loss protection will be offer to him because he is still in the winning team since the overall profits are more than the overall loses. A little bit complicated for me and for someone that had made us of bot before, I am still searching for bot that does not incur loses for longer time.
In case where the user had made a lot of profits using the bot and suddenly started making loses, no loss protection will be offer to him because he is still in the winning team since the overall profits are more than the overall loses. A little bit complicated for me and for someone that had made us of bot before, I am still searching for bot that does not incur loses for longer time.
Haha Seems like today is my bad.. Becasue I'm encountering repetitive topics today, The Op's topic and the best in my knowledge with maximum possibilities are already covered in a similar sort of topic just a week ago I think. Ai trading Bot with customs requirements are still far away from our reach what we are currently getting is not proper Ai trading bots they are just smart trading bots, not Ai based, besides a few exceptions which are not in my knowledge.
Does Decentralization Geeks also Trade using AI?
Does Decentralization Geeks also Trade using AI?
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
About some years ago, I think there were really no much of features on some brokers or exchange to help traders maximise more profits in trading, but lately more features have been added which I can agree that the traders make more profit now than in the past five or six years ago, but i don't think it has yet been exterblish anywhere that trading bots or AI are doing better than human traders, believe me if trading bot or AI becomes as smart as you, OP and @ananyabushra have discribed, then every traders would've been making some good deal of profit and if it happens like that, then almost every crypto enthusiast would want to engage in trading because they know that trading bots and AI would enable them to make more profit since they are not the one trading.
For the new trading features that have been added to some trading platforms, that's also a strategy for those platforms. Those new features help to bring in more traders and trap them with the hope that they can now be more profitable in trading, while they (those brokers) can still earn more profit as more traders keep trading.
For the new trading features that have been added to some trading platforms, that's also a strategy for those platforms. Those new features help to bring in more traders and trap them with the hope that they can now be more profitable in trading, while they (those brokers) can still earn more profit as more traders keep trading.
Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit. There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes. Now AI bot has been introduced into some CEX where users have opportunity to trade with bot. In some cases bot are very smart regardless of the volatility of the market. Trading with both is just like trading smarter because you’ve got no reason to stress yourself.
It was only a matter of time...but what should be done, is the conditions that the AI bot is using should be open-sourced...otherwise, how do we know what exactly the AI is programmed to do? If you aren't controlling it either, then what is the actual action for the user - just investing in the AI bot pool? I have to read more about this...
Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.
Loss protection? So then, what is the risk of using the not? If it's too good to be true, it probably is. I am sure there'd be some kind of string attached to this benefit.
Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.
Doesn't sound like a viable business model for the exchange and the whole thing doesn't make a lot of economic sense. Yet again, I haven't seen it in practice yet. 
Lately exchanges has been trying to integrate everyone within the crypto space with an opportunity to make profit.
Maybe the newbies in cryptocurrency can get freaked of their moves in such manners, this is their first time to experience them making claims on profitability.
There are introduction of different features that can enhance user’s profitability such as copy trading, flexible savings, staking, Launchpad and the likes.
Exchanges do not need to advertise trading features for people to use, traders are aware of them all, beginners are those that needed more information on that and those that best fit in making such adverts are the crypto influencers, exchanges will rather be busy updating you on the newly introduced digital currencies so you could invest
Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.
There's nothing called opportunity there, exchanges cannot introduce you with what will make them loose over you while you're winning, they are their to make money even at your expense.
Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.
I will advise you DYOR, there's nothing like you making your findings and deciding for yourself, everything takes risk when it comes to trading, this post should be on trading discussion board please.
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
We already have alot of users here who are already trading with AI and there have been alot of sucesss recorded within the apace of time and we all are glad about rhat, but just like casinos have prevented the usage of bots or other nonhuman activities, but CEX has indeed been a major player in AI transaction and trading.If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too
BOTs always depend on the programming that is done, there is nothing new there, not all the bots that operate in the exchanges use AI, really important is that, also in small letters they tell you "be careful you can lose all your funds". If you operate with AI is not a result of not losing money.
AI trading might be gaining traction recently but it has been in existence before now, although it was only offered by some group of companies. I feel more comfortable using it on credible CEXes, and I guess people feel more comfortable too using them in CEXes, hence the increased adoption.
Really? So, Since CEXs are already adopting this AI Trading, Maybe I will use it then. I also came across one on Bitget with 100 USDT loss protection fund. I will try the it own as there is a protection fund for it.
AI trading might be gaining traction recently but it has been in existence before now, although it was only offered by some group of companies. I feel more comfortable using it on credible CEXes, and I guess people feel more comfortable too using them in CEXes, hence the increased adoption.
.
.
Jump to: