Yes, it is true that AI is good for trading. AI systems can process vast amounts of information and analyze them in real-time, which is useful for stock trading and investment
There are also various AI trading tools/bots available
However, it is important to note that AI is not a guaranteed solution for beating the market and must be looked at often
Topic: Is it true that this AI is good for trading? - page 2. (Read 1652 times)
Trading will never be as effective in AI systems as self-knowledge is in trading. ChatGPT has certain systems added and those systems are added by humans outside of the system ChatGPT is connected to but no trading information is available. When people gain full experience and expertise in a trading subject, people research the market beyond certain facts. Trading directly involves our financial assets so I would never depend on AI for trading.
I feel that AI is just like a bot that is constantly being updated. however, I think the AI system also compares speculation and analysis of existing data, whereas trading always moves based on the needs and wants of the market at that time.
However, I do not recommend this. I prefer to trade with the speculation that I have. we will never know when the AI failed to read the price chart, and I think the risk in this case is very big.
However, I do not recommend this. I prefer to trade with the speculation that I have. we will never know when the AI failed to read the price chart, and I think the risk in this case is very big.
It is a bit of a no brainer to be honest.
The problem is that you don't have a lot of experience in trading, and you are a beginner who has no idea what it is all about.
But if you are an experienced trader, you can learn a lot from your experience and be able to make a lot of money in the long run.
I would suggest you take a look at the source code of ChatGPT, and check it out.
You can find it here: https://github.com/gambler/ChatGPT/blob/master/tutorial.md
The problem is that you don't have a lot of experience in trading, and you are a beginner who has no idea what it is all about.
But if you are an experienced trader, you can learn a lot from your experience and be able to make a lot of money in the long run.
I would suggest you take a look at the source code of ChatGPT, and check it out.
You can find it here: https://github.com/gambler/ChatGPT/blob/master/tutorial.md
I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?
UPDATE
Sorry guys its actually OpenAI not ChatGPT
UPDATE
Sorry guys its actually OpenAI not ChatGPT
Please do not too much trust AI for trading. But these could be excellent tools to learn how to trade, what factors are to be considered, etc. In my personal opinion, you can use your insights and also insights from the AI tool you are using to attain better decision-making.
There will be ways to operate, but it is not the solution to leave everything in the hands of the AI, because it is a double-edged sword, you can win but losing is the surest, the AIs are not optimized, they are not in a complete development, for My AIs have a long way to go and so far they are starting, personally they have Reached my telegram offering profit plans with trading and when I ask them how to do it, they tell me that they have an AI bot, and that's when I tell them that it It is not true and that a bot cannot make one person or thousands win, this is obvious.
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for those who are having a hard time doing technical analysis, it will be an edge to use it.
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for those who are having a hard time doing technical analysis, it will be an edge to use it.
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Using a tool you don't know how works is risky. I saw people who made ridiculous mistakes with a simple calculator because they relied on it and didn't think if a result looks correct. If those ones who don't know how to do technical analysis will just use AI instead of learning they'll probably make huge mistakes, maybe not instantly, but they will. Technology can make life easier but it can't replace a human being if we want it still work in the interests of humanity.
I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?
UPDATE
Sorry guys its actually OpenAI not ChatGPT
UPDATE
Sorry guys its actually OpenAI not ChatGPT
Please do not too much trust AI for trading. But these could be excellent tools to learn how to trade, what factors are to be considered, etc. In my personal opinion, you can use your insights and also insights from the AI tool you are using to attain better decision-making.
Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.
Many traders rely on AI tools which I think isn't a bad thing because it shortens the period of technical analysis that humans can do so it is actually a big help. For professional and independent traders, I'm not sure if they still rely their decisions on AIs but for those who are having a hard time doing technical analysis, it will be an edge to use it.
It is part of the continuous innovation of AIs n the crypto industry so I believe that more developments will make our trading journey easier in the future.
I doubt that many traders rely on AI, maybe someone does it for the sake of interest, but personally I would not trust my money to AI forecasts. Perhaps for the sake of the experiment, it was interesting to do this, do the analysis yourself and compare it with the AI variant, how much it will right or not. And then see who was right, and repeat this action a few times, I think it would be a good experiment. It is part of the continuous innovation of AIs n the crypto industry so I believe that more developments will make our trading journey easier in the future.
i also initially thought that ai trading would work much like a trading bot. But later i saw that there are many companies or traders who are trading based on ai. With AI they identify potential risks and come up with good strategies. However, using AI does not mean that only profit will be achieved, there is always risk associated with trading, even if AI is used, it will remain. And I think you have to be well trained to trade using AI, otherwise it's like steering a car to a blind man.
Many traders rely on AI tools which I think isn't a bad thing because it shortens the period of technical analysis that humans can do so it is actually a big help. For professional and independent traders, I'm not sure if they still rely their decisions on AIs but for those who are having a hard time doing technical analysis, it will be an edge to use it.
It is part of the continuous innovation of AIs n the crypto industry so I believe that more developments will make our trading journey easier in the future.
I will also say the same thing I would also like to say that such bots have no direct use in trading.You gave a perfect example already. However, the guidelines needed for trading can be used by such bots or the Open AI project. Also I don't think relying on them for trading signals would do much good and it also may the cause of loss of those traders.
Also as per my knowledge most of the sectors of open AI project are not aware about current situation especially chat gpt is limited till 2021.
Also as per my knowledge most of the sectors of open AI project are not aware about current situation especially chat gpt is limited till 2021.
When we talk about possible AI trading tool we mean something in perspective. AI is developing very fast and we expect that it will conquer different branches of the economy in the nearest future as it can do many laborious things which are usually not pleasant for human beings. Technical analysis is maybe not so unpleasant but making lots of different predictions can take lots of time and if AI will do it for us it will be great (IMO). But it is not the same as let it trade for us.
i also initially thought that ai trading would work much like a trading bot. But later i saw that there are many companies or traders who are trading based on ai. With AI they identify potential risks and come up with good strategies. However, using AI does not mean that only profit will be achieved, there is always risk associated with trading, even if AI is used, it will remain. And I think you have to be well trained to trade using AI, otherwise it's like steering a car to a blind man.
I'm not aware of any openAI specifically designed for trading. I've come across bots that simply assist you in carrying out your transactions automatically by putting them up beforehand, but they won't carry out the entire trading process, such as making judgments automatically if the market suddenly collapsed. I conceive of these AIs as being similar to guides, but they are unable to forecast the market, offer insightful analysis that is based only on data, and express opinions about trading on the extremely unpredictable cryptocurrency world.
Granted, AI traders with a specific focus on trading are yet to be developed. That being said, I am confident that it is simply a matter of time before someone creates one. Just picture a future where all trading is undertaken solely by AI traders. There would be no irrationality, only dispassionate analysis of real-time market data. My conviction lies in the split-second decisions that AI traders will be capable of making, capitalizing on even the most minute market trends that humans would overlook. Nevertheless, we must be cautious of the risks associated with AI trading. It is paramount that we regulate and observe the use of AI traders to minimize any prospective threats
Although I've heard of trading bots, this is the first time I've heard of trading AI. You can use trading bots to assist you up until a certain point, after which you are on your own. I believe that AI trading is the same. I haven't tried it, so I don't know enough about it. I'm not sure what to say at this point, but I need to have some knowledge about trading bots. I'll tell it again: don't rely on these AIs and bots. That can stop you from learning how to trade properly, because trading ought to be enjoyable. By employing it, the appeal is lost.
I agree that it could be useful in many circumstances, but don't rely solely on it. first DYOR, then trade.
I agree that it could be useful in many circumstances, but don't rely solely on it. first DYOR, then trade.
Artificial intelligence can analyze risks, spreadsheets and other data, but if the trader does not have prior knowledge of the subject, he will still have a lot of risk.
Analysis does not mean certainty, so think carefully before using this data, common sense should always prevail so that you reduce your risks.
Analysis does not mean certainty, so think carefully before using this data, common sense should always prevail so that you reduce your risks.
Yes, it is quite a useful tool to do the analysis that we as humans could take 2 or 3 hours to do, the AI does it in a matter of seconds, so for now we as humans have a lot of advantage because we have the power to make decisions, that it can be a very important tool, yes, but we all know that AI is a tool and that it is in fashion, everything that is said is based on AI, these are things that should know how to take advantage of those who want efficient results, immediate to win in trading because unfortunately that has not yet arrived.
I will also say the same thing I would also like to say that such bots have no direct use in trading.You gave a perfect example already. However, the guidelines needed for trading can be used by such bots or the Open AI project. Also I don't think relying on them for trading signals would do much good and it also may the cause of loss of those traders.
Also as per my knowledge most of the sectors of open AI project are not aware about current situation especially chat gpt is limited till 2021.
Also as per my knowledge most of the sectors of open AI project are not aware about current situation especially chat gpt is limited till 2021.
When we talk about possible AI trading tool we mean something in perspective. AI is developing very fast and we expect that it will conquer different branches of the economy in the nearest future as it can do many laborious things which are usually not pleasant for human beings. Technical analysis is maybe not so unpleasant but making lots of different predictions can take lots of time and if AI will do it for us it will be great (IMO). But it is not the same as let it trade for us.
the platform has been on the market since 2014 and offers ready-made solutions and 90 bots can be customized to fit your needs.
interesting idea, but I don't know if my knowledge is enough for trading. Do I need to know how to program to set up a bot?the platform has been on the market since 2014 and offers ready-made solutions and 90 bots can be customized to fit your needs.
interesting idea, but I don't know if my knowledge is enough for trading. Do I need to know how to program to set up a bot? hero member
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There are many sectors where AI is doing good job and working just like a human like in car assembling units AI powered robots are assembling cars without intervention of humans. But the case of trading is somewhat different, at least till now. If AI can work like humans in trading then that will be the day when the entire mankind will be millionaire.
The AI tools can be used to get guidance about trading but cant work independently in trading sector.
I will also say the same thing I would also like to say that such bots have no direct use in trading.You gave a perfect example already. However, the guidelines needed for trading can be used by such bots or the Open AI project. Also I don't think relying on them for trading signals would do much good and it also may the cause of loss of those traders.The AI tools can be used to get guidance about trading but cant work independently in trading sector.
Also as per my knowledge most of the sectors of open AI project are not aware about current situation especially chat gpt is limited till 2021.
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However, some people might want to try to manipulate them into giving them trading advice, but I am sure that they will fail in that because they are not designed for such a purpose.
However, some people might want to try to manipulate them into giving them trading advice, but I am sure that they will fail in that because they are not designed for such a purpose.
You know, sometimes I play eagle and tails to find a solution I'm not really sure in. And I'd say it is a good option to save time in some cases as when the arguments are equally good for the two options sometimes you need just to choose the one and start realizing. But anyway I understand that it is not a decision of a coin, it is my own decision to use random. So when you use some divination for trading you should anyway understand that it is not AI who trades, it is still your decision. And consequences of that are on you and no one (and no thing) else.
The real market is not a play, it will frustrate the AI and those that are trying to manipulate it for trading advice.
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