Is there any Impact of AI technology in Trading? - page 2.

South Park

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Quote from: TrevorS on November 12, 2019, 05:54:30 AM

If all work will be carried out by robots, then people are highly likely to switch to a basic income system. When each person will receive from the state a certain amount of money to cover their basic needs.
Or there will be no money at all, and everything you need will be given out for free, because it will be created by robots.
Thus, people do not have to spend time earning money in order to ensure their survival, and the forces of mankind will go to science and art.

None of those solutions have ever been tried so we do not know if they will work, governments may try to give money to everyone to cover their basic needs, but where that money is going to come from? Some say that the owners of the artificial intelligence will have to pay but they will probably find a way not to, and the second option is even more unrealistic because those that control those robots are not going to do all of that just to give it away for free.

Dart18

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Too much movies.

There are robots but not all the work in this world can be done by them.
One is decision making. When something wrong goes on and it is not in the program of the robot then it will be mayhem.
Those kind of things are what needs to be observed. Yes, by a human.
One single dust which came in with a mechanical device might change the movement of all.

I dont think you really want to talk about trading here.

albrots

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AI technology will not be able to replace the role of humans. AI automation will not be perfect, every system created by humans has weaknesses and weaknesses will be corrected by humans. If the trading platform uses all AI technology, then the role of humans is to keep the system functioning. It will indeed reduce human labor, but cannot be left unattended. No matter how great the system there is a gap. The use of AI technology will indeed reduce operational costs and do not need to pay salaries, only maintenance costs.

In the future AI robot technology might be able to co-exist with humans and make work easier without getting rid of humans themselves.

LouVandetta

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I believe now we've seen lots of AI technology, especially robots. And with its many purposes, I doubt it will take over human's job. Even if there will be an AI that could fully manage our trades, how useful are they? How amazing are they to trade our assets. As their name they are an AI, so they must be smart, but they cannot guarantee a 100% profit. If that's even possible, won't that be amazing in its own way?!

And we're nearing a future where we might see a AI technology everywhere we look at.

jostorres

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It is because we are leaving everything to Artificial Intelligence that we are beginning to breath a generation of 21 century who cannot use their hands to do thing, if we leave everything to AI, it is the people of the future, our children that will suffer it as they will not know much again, they will not be able to learn thing since there is a robot that is going to do it just like we have so many people that are using bots to trade and when the bot breaks down, they become like vegetable as they do not know what to do or how to manually solve the trading challenge until they see another BOT that will do it for them.

It is very interesting to actually use a bot service, but it makes the person using it a very dull person as everything will be left to the AI to do and if AI is to do everything, how will we get losers for us to get winner?

Colt81

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Quote from: bitbunnny on November 13, 2019, 03:44:28 PM

At the moment AI doesn't have any special impact on trading, except maybe in trading bots in broader sense.
But with further development and implementation of AI I'm sure it will have. More automated processes in trading will appear with less human interfearance. However, I'm not sure how good that is and in what extend AI can replace human decision making.

Artificial intellegence will never replaced human intelligence because using trading bots are only good for managing your trades while your away, but it is still not good in making a successful trade. Depending on AI makes us weak in analyzing on market charts, that is why a lot of professional traders avoid using this kind of bots for them to earn good profit.

bitbunnny

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At the moment AI doesn't have any special impact on trading, except maybe in trading bots in broader sense.
But with further development and implementation of AI I'm sure it will have. More automated processes in trading will appear with less human interfearance. However, I'm not sure how good that is and in what extend AI can replace human decision making.

ReiMomo

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AI in trading would be helpful and bring a huge impact that makes your work easy. At this age, many of us were relying on a machine and almost we have all that in our home. In trading, this is a perfect tool but other traders prefer to use it manually since purchasing AI is very expensive. However, all best result was relying on us and how we command AI through the setting on the program that AI had. But sad to say there's no perfect in trading even you use a tool with this.

Shenzou

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It is really mind blowing that what AI could do these days, things that were difficult or impossible to to do 3 tears ago are doable by computers and robots today, and implying this to the trading and mimic the decision making that people do is doable but requires a lot of time, if you are a programmer and now know to create a machine learning program you know that to cover all the possible actions and possibilities that could happen in the market at a certain time is quite hard, and especially with the crypto market when things are unpredictable even if you apply an AI there would be a high possibility of failure.

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all the technology created has a terrible effect because everything can be a double-edged knife meaning both ends can be used to damage or destroy, AI if they do not have a malfunction and are used properly it will be good but when there is a malfunction it will be very terrible because it can destroy humans if AI has rapid development.

beerlover

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What you think as "AI" right now is machine learning. That is not really AI, that is just a computer learning how something is done so they can copy it better. That means they are actually doing what they are programmed to like a regular software, that is why I don't see them making any change.

Yeah, they are programmed to make a profit and the more profit they make the more they work on that, the less profit or even loss they make they are working to change it. That is why "AI" is not like the movies in real life, even the most improved superb AI in the world all use machine learning. As long as you do not want it to learn anything you don't want it, they can't really turn into trading giants that can make money out of thin air somehow.

This is the same failed logic that thinks AI can get up in arms and attack us, nothing you can unpluck can attack you don't worry.

Cherylstar86

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Quote from: Genemind on November 13, 2019, 05:46:37 AM

Just like robots and machines in our modern technology AI also has a huge impact on trading though it isn't advisable especially for beginners. Ai could perform our trading tasks but it couldn't control things since it's emotionless. As for me, it's better if we'll do trading ourselves instead of relying on Ais. Let's just have enough knowledge about it because there are services which Ai cannot perform.

It's a good advice by doing it by ourselves but since our technology developed its a good opportunity to use it as we benefit the good impact of our technology by having such AI and robotics. Though, you have a point that is emotionless but for me its a good thing for those users that is so emotional in which to avoid possible heart attack or hypertension.

Genemind

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Just like robots and machines in our modern technology AI also has a huge impact on trading though it isn't advisable especially for beginners. Ai could perform our trading tasks but it couldn't control things since it's emotionless. As for me, it's better if we'll do trading ourselves instead of relying on Ais. Let's just have enough knowledge about it because there are services which Ai cannot perform.

acdc

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I think there is a lot of AI in the trading market, even some big exchanges like Binance and Polo have their own AI. However, at present AI must operate under human supervision, it cannot operate independently.
In the future, AI will certainly work in most areas, but the government will control it and people will move on to work on services.

its-a-me-mario

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Alright well ignoring the utter nonsense about AI/ML in the post and focusing on the actual impact of AI on trading:

Smart order routers: One place AI is commonly used in trading systems is adaptive smart routing technology. Smart order routers are an industry standard (and a legal requirement) on Wall Street but they're still working their way into crypto trading. Machine learning techniques can help dynamically adjust and tune an SOR on the fly depending on volume, liquidity, trade activity, and other factors on each supported exchange.

Developing automated strategies Some ppl are using ML to determine trading strategies but I think most ppl still prefer to develop and tune their own parameters for an automated trading strategy instead of relying on training ML to develop a strategy as ML can be unreliable and trusting it with your (or your clients') money is a scary prospect.

carlfebz2

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Quote from: Hamphser on November 12, 2019, 09:16:09 AM

Quote from: carlfebz2 on November 12, 2019, 08:42:43 AM

Quote from: DashingAgent on November 12, 2019, 04:47:32 AM

Can you decrease the unemployment rate using the AI technology? or Governments and Banks should pay free money to the people who are unemployed? My question is that if AI automates everything in the future, so there is no need of employees left then how the people will be getting paid? as everything will be done by robots?

There are things which cant be handle out by robots.Yes, they can automate everything and fasten up operations way more than a regular employee would done
but there are circumstances that a robot cant do like decision making on possible case scenario and come to think that AI/robot been created by human itself and it might
automate or do such work but it wont come to a point that they would took care of everything. Human intervention would always be present.

AI robot will do everything you tell to it as long as it is written on their program but they can't do what the usual brain would do, for example: having a feelings, reasoning, hungriness, thirsty etc. Therefore, robots cannot replace human because it lacks of emotions although emotions also are the reason why most people will fail in trading or handling any investment.

When it comes to emotion matters then robots are indeed immune to it but come to think and as i have said earlier where there are circumstances
which cant be avoided which do need some immediate action which would involve emotion and intuition on where these robots/ai cant do.
Human are way superior yet its the main creator of these things and they do have that main purpose which on automation but doesnt mean that
they are capable of everything.

enhu

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AI may not really be the most brilliant technology ever created today, it may not even be the focus right now of government, industrial companies, facebook and banks because in the next few decades we are all going to be in transition to using blockchain and smartcontracts. They will all realize how revolutionary this technology is and we may be able to use it in trading.

But automation in trading will really depend to the kind of conditions and parameters to execute buy/sell order. In Forex this is what they call the Expert Advisor (EA) where they just install it on their trading platform and go on with their daily lives. Soon they realize EA doesn't understand all kind of market situation because in most case they end up losing money. When trading is automated, the decision isn't made by you but the bots.

adroitful_one

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Quote from: BitHodler on November 12, 2019, 10:21:37 AM

Quote from: Hamphser on November 12, 2019, 09:16:09 AM

Therefore, robots cannot replace human because it lacks of emotions although emotions also are the reason why most people will fail in trading or handling any investment.

Bots not dealing with emotions is one of the main reasons traders use them, so I see it as an advantage rather than a disadvantage.... emotions are useless when it comes to trading so better eliminate that aspect by using a bot.

The thing I'm not comfortable with is having no control over how that bot is utilizing my capital, especially when I'm asleep or just not paying attention, so I will stick to buy low sell high 'trading' manually as that is what I'm comfortable with.

This is a huge aspect of trading with a bot. The bots are not going to panic sell a coin early just because the price went down. All the bot knows is that it bought at this price and should sell it at this price. This is the huge advantage crypto bots have over real people. Really, you should have control over what the bot does with your money. You should be able to tell it that you want to buy a coin that is down say 10% in a day and you want to sell it when it goes up 20% in a day for instance. It's not going to do anything you haven't told it to do.

shield132

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Quote from: DashingAgent on November 12, 2019, 04:47:32 AM

Is there any Impact of AI technology in Trading?

Is there any Impact of AI technology in Trading? or can it automate the trading process? IMO AI is not producing any benefit to humans because using the AI many companies will build robots and the need of humans will be ended. There will be no need of humans anymore, the unemployment rate in the world has already increased too much, & do you know that the salary you are getting paid is just nothing? $8K-$16K per month are even nothing to anything. The minimum salary a human may deserve should be equivalent to the cost a human pay to save his life in the hospital. Maybe AI can reduce the cost of operations but it does not resolve the issue yet, because the unemployment rate has been increased too much. Can you decrease the unemployment rate using the AI technology? or Governments and Banks should pay free money to the people who are unemployed? My question is that if AI automates everything in the future, so there is no need of employees left then how the people will be getting paid? as everything will be done by robots?

I think this question must be moved from trading discussion to other place because it's far from this section and includes a lot of things to discuss.
Currently AI technologies aren't useful in trading because they can't read news from websites, analyze their content and decide what kind of impact it will have on currency's price.
AI won't be able to change human because human created it, it's like saying human can change god. In this case we are gods for them cause we created them, AI.
It's hard question to answer what will happen around employment task. This situation can make it better (make things easier and leave you with more free) or make things worse (leave you without job and make it fully AI functional).
Minimum human salary was and will never be fair cause some people own more money than half of the nation but at the same time this is the world we created and product of what we become.
Governments and banks never/ever have to pay free money to people because free money kills every kind of motivation and makes even motivated people lazy ones. It's needed as a stimulus.

DashingAgent

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Quote from: TrevorS on November 12, 2019, 05:54:30 AM

If all work will be carried out by robots, then people are highly likely to switch to a basic income system. When each person will receive from the state a certain amount of money to cover their basic needs.
Or there will be no money at all, and everything you need will be given out for free, because it will be created by robots.
Thus, people do not have to spend time earning money in order to ensure their survival, and the forces of mankind will go to science and art.

Agree with you. At-least if this happens then it will resolve the major problem of the world which is unemployment.

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