the platform has been on the market since 2014 and offers ready-made solutions and 90 bots can be customized to fit your needs.
where can i learn more about the platform? what is the comparability with operating systems and on what devices can I trade, as well as how many algorithms are used in bots and their ability to be reconfigured for a specific trading style? 
Topic: Is it true that this AI is good for trading? - page 3. (Read 1652 times)
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.
The AI tools can be used to get guidance about trading but cant work independently in trading sector.
If entire mankind will become millionaires then these millions will cost nearly nothing. Resources entire mankind has don't give an opportunity for luxury for everyone and will hardly do so in a future, because more developed economy becomes more needs we have at a basic level. So no, AI will not make us all richies, it will just raise the level of consumption for majority. And of course there are different fields where AI works good at the moment already, but but it is good not for every type of work activity and some works will, most expected, stay for human beings, including trading (if it will stay).
AI is always good for the technical analysis if it could reads the chart, but as far as I know this openAI's chatGPT is actually not a real time AI meaning it might lack some new information.
but if you are just looking for guides from the textbook i'm sure it could be good for you, regardless this AI is still lacking in so many areas that I doubt it's gonna be that useful for trading.
but sometimes trading isn't always going like in your text book it could stray from that and also some times there's also tricker and luck involved.
but if you are just looking for guides from the textbook i'm sure it could be good for you, regardless this AI is still lacking in so many areas that I doubt it's gonna be that useful for trading.
but sometimes trading isn't always going like in your text book it could stray from that and also some times there's also tricker and luck involved.
ChatGPT can't help you in trading. Actually, it can't predict the future and it's data is limited to 2021. In this videos, they build trading bot in Python with the help of ChatGPT. I mean, when you have a question in programming, you can ask ChatGPT and it will provide you with the information just like google but it will represent everything in human language, i.e. it filters information and rebuilds it. It gives answers similar to how human would answer you if you messaged.
Overall, I want to say that AI trading bots don't exist. There is not a public AI trading bot that can analyze charts, news, everything that affects the data and then give the prediction like an intellectual.
Also, I can't call if a = b, return c function an intelligence. It's collection of bunch of functions and operators.
ChatGPT is a good and useful tool, but it is not 100% reliable, even if you are using it for programming or coding tasks, you will still need to double-check the code and the bugs it may have. Though it can sometimes generate a total of 100% accurate responses and codes, it is not advisable to use the responses directly without a human check.Overall, I want to say that AI trading bots don't exist. There is not a public AI trading bot that can analyze charts, news, everything that affects the data and then give the prediction like an intellectual.
Also, I can't call if a = b, return c function an intelligence. It's collection of bunch of functions and operators.
What it does is it makes the process easier. A program that might take hours or days for a human to be written, ChatGPT writes it within minutes, and then all a person needs to do is check if the code has no errors or issues. You need to be aware of programming languages yourself of course, in case there are errors so that you can rectify them.
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
In my personal opinion I have to answer for your question.UPDATE
Sorry guys its actually OpenAI not ChatGPT
Yes for- Because it can help you with important information about trading like candle analysis, chart monitoring etc. I would call it indirect help specially if it is about Chat GPT.
And no for- Because chatgpt has many limitations regarding data and it is not aware of current data so I don't think it can directly help in trading in any way.
It’s better to not rely on any bot or AI when it comes about your finances. These are only virtual machines and they read datas and give instructions. If by chance with wrong instructions, your all money is lost, then no one other than you will be blamed for this action. So as advised before, don’t use AI for trading. Also it’s not good to use data and analytics from these AIs also. As 90% of the time, they aren’t updated with the current market scenarios and prices. Now rest is upto you OP.
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
In my personal opinion I have to answer for your question.UPDATE
Sorry guys its actually OpenAI not ChatGPT
Yes for- Because it can help you with important information about trading like candle analysis, chart monitoring etc. I would call it indirect help specially if it is about Chat GPT.
And no for- Because chatgpt has many limitations regarding data and it is not aware of current data so I don't think it can directly help in trading in any way.
Okay, imagine the situation when AI is as good as the best trader, everyone can get their AI and start trading and everyone will earn at the market as the best traders. From where will they get an income? Nowadays income is summarized from — as a small part — growth of entire economy (when it grows) and from losses of other players as a big part. When everything will be done with an AI it will won't work at all and trading will be over or AI will never work that way. Choose prediction you like more. 
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.
what you said is very true, AI is perfect if it is used to help heavy human work such as drivers - mining workers - nurses - cleaners, not for trading activities.
AI is still in the development stage, apart from that there are some experts who say that AI is difficult to implement for trading. AI lives on the internet network so when all traders have the same trading AI, it can be ensured that all trading activities carried out by the AI (selling or buying activities) are carried out simultaneously and I can't imagine how messed up that is.
Okay, imagine the situation when AI is as good as the best trader, everyone can get their AI and start trading and everyone will earn at the market as the best traders. From where will they get an income? Nowadays income is summarized from — as a small part — growth of entire economy (when it grows) and from losses of other players as a big part. When everything will be done with an AI it will won't work at all and trading will be over or AI will never work that way. Choose prediction you like more.
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.
Not sure what you've head/read, but ChatGPT is just a chatbot(a good one, to say the least) — how will a chatbot exactly be good or bad as for helping a person with his/her trading? It's not like a chatbot can predict the future.
I guess it can help but when it comes to real trading, it will never be reliable. Our own knowledge and honed skills in trading will still be the best sources on how we can make our trades successful and profitable. ChatGPT is only a chatbot, it can be useful if you are just making some queries and it will give you somehow good answers, but knowing trading is always unpredictable, this ChatGPT can never predict what will be the future outcome of your trading. Of course, having an optimized AI is still not a guarantee that it can have very good results, for an AI to give moderately good results, according to what I think, it would still take a long time, I would say years, because it is complicated, if nothing else. AI detectors are bad, imagine everything that an AI is missing? What many traders look for with an AI is for the AI to do the work for them and for the profits to increase, obviously it is to win, but I see something like this too far away, it is not within the parameters that people expect, it is impossible.
Okay, imagine the situation when AI is as good as the best trader, everyone can get their AI and start trading and everyone will earn at the market as the best traders. From where will they get an income? Nowadays income is summarized from — as a small part — growth of entire economy (when it grows) and from losses of other players as a big part. When everything will be done with an AI it will won't work at all and trading will be over or AI will never work that way. Choose prediction you like more.
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.
ChatGPT is one of the algortihm that creates the code for the developers which is a chat bot you can ask even can create a bunch of codes with your just a request but recently they are now using this bot to get a lot of information this AI must need to have a command and I guess still depends on the script of the users would like to use the ChatGPT afaik right now has a payment for a monthly subscription for me better to learn with this bot and not get dependent on it.
The ChatGPT seems toake life easier which isna friendly app but presently I had that there were bam on the app in some regions. There had been lots of similarities compared to a human scripts and that of an AI which can never be the same. This app make work easier for programmees to be able to code with ease. I see it as a good assistant for coders to get things done smoothly and the monthly subscription is okay for developers to make use of it in the best possible ways. I will not advise a newbie to go for IA trading because that would not yield a better result for them.
Self learning AI is definitely the future, but when it comes to trading do we think there is this one perfect pattern the AI will identify? I don't think so, human action always involves emotions and the more people are involved the bigger the emotions. I do think there are strong patterns in the market, but they are changing with the market conditions. A strategy that works well during a bull market is not guaranteed to do well in a bear market and vice versa. The Ai might have problems switching between such strategies.
If it is a self-learning AI, then I think that its progress will be very fast and its capabilities will be very impressive. He will be able to study and try many strategies in different markets and, based on this, find great deals that will be profitable. I may be overestimating the possibilities of AI, but in the end what holds us back when we look for working strategies. For me personally, it takes a long time to test a strategy, AI can test hundreds of strategies at the same time in much less time.That's the advantage, it can execute many strategies in the same time, while with human process it will take lots of time before executing it. If that can be done, the chance is good for AI.
End of the day, it's still traders' decision whether to use it or not, there are still many things that need to
consider before using it, still needs a test period to make sure that it will bring a higher chance of trading
success.
Self learning AI is definitely the future, but when it comes to trading do we think there is this one perfect pattern the AI will identify? I don't think so, human action always involves emotions and the more people are involved the bigger the emotions. I do think there are strong patterns in the market, but they are changing with the market conditions. A strategy that works well during a bull market is not guaranteed to do well in a bear market and vice versa. The Ai might have problems switching between such strategies.
If it is a self-learning AI, then I think that its progress will be very fast and its capabilities will be very impressive. He will be able to study and try many strategies in different markets and, based on this, find great deals that will be profitable. I may be overestimating the possibilities of AI, but in the end what holds us back when we look for working strategies. For me personally, it takes a long time to test a strategy, AI can test hundreds of strategies at the same time in much less time. 
The situation turns out like this: scammers know perfectly well that ignorant people do not know how the bot works. At the same time, they themselves do not know. And due to the fact that artificial intelligence is now in trend - they are trying to sell their program to everyone. The bot does not know how to trade, if it could, its developers would already dominate the market. Now it is best to be suspicious of all coins and programs that touch on the topic of AI.
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
ChatGPT can't help you in trading. Actually, it can't predict the future and it's data is limited to 2021. In this videos, they build trading bot in Python with the help of ChatGPT. I mean, when you have a question in programming, you can ask ChatGPT and it will provide you with the information just like google but it will represent everything in human language, i.e. it filters information and rebuilds it. It gives answers similar to how human would answer you if you messaged.UPDATE
Sorry guys its actually OpenAI not ChatGPT
Overall, I want to say that AI trading bots don't exist. There is not a public AI trading bot that can analyze charts, news, everything that affects the data and then give the prediction like an intellectual.
Also, I can't call if a = b, return c function an intelligence. It's collection of bunch of functions and operators.
...
there is still a need to optimize the AI, there is still too much to do.
there is still a need to optimize the AI, there is still too much to do.
And what results are you expecting from an optimized AI? If to summarize different data then programs were able to do that before AI. If to predict accurately then AI is not working that way and we hardly can expect that nowadays developing if AI will lead to something like that. So AI will become just another tool for trading, I suppose it will be a good tool, but as for any tool you need to understand how it works and how to use it most effectively, otherwise the same tool can bring damage.
...
there is still a need to optimize the AI, there is still too much to do.
there is still a need to optimize the AI, there is still too much to do.
And what results are you expecting from an optimized AI? If to summarize different data then programs were able to do that before AI. If to predict accurately then AI is not working that way and we hardly can expect that nowadays developing if AI will lead to something like that. So AI will become just another tool for trading, I suppose it will be a good tool, but as for any tool you need to understand how it works and how to use it most effectively, otherwise the same tool can bring damage.
Not sure what you've head/read, but ChatGPT is just a chatbot(a good one, to say the least) — how will a chatbot exactly be good or bad as for helping a person with his/her trading? It's not like a chatbot can predict the future.
I guess it can help but when it comes to real trading, it will never be reliable. Our own knowledge and honed skills in trading will still be the best sources on how we can make our trades successful and profitable. ChatGPT is only a chatbot, it can be useful if you are just making some queries and it will give you somehow good answers, but knowing trading is always unpredictable, this ChatGPT can never predict what will be the future outcome of your trading. Well, the ChatGPT thing is nothing more than a fad, now that the written bot has come out to the world, almost everyone uses it for whatever, despite the fact that it has to be made many corrections, it is obviously not apt to give predictions, besides its information must be updated and although OpenIA does not allow you to make predictions, any bot that has AI can do it, there are many specialized algorithms with the best mathematical modeling that can simulate many events, and among them are probability and statistics, obviously it is much more fast than us, because they have all the information ready to be searched and executed, in this sense, there is still a need to optimize the AI, there is still too much to do.
Not sure what you've head/read, but ChatGPT is just a chatbot(a good one, to say the least) — how will a chatbot exactly be good or bad as for helping a person with his/her trading? It's not like a chatbot can predict the future.
I guess it can help but when it comes to real trading, it will never be reliable. Our own knowledge and honed skills in trading will still be the best sources on how we can make our trades successful and profitable. ChatGPT is only a chatbot, it can be useful if you are just making some queries and it will give you somehow good answers, but knowing trading is always unpredictable, this ChatGPT can never predict what will be the future outcome of your trading. Jump to: