Is there any Impact of AI technology in Trading? - page 3.

DashingAgent

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Quote from: ChrisPop on November 12, 2019, 08:10:27 AM

If it would be an ideal world and the planet's resources would be used at the maximum potential then a universal basic income would be viable (free money) - that would cover all the basic needs of a person like shelter and food. Then if a person wants to achieve higher levels of life quality or social presence he/she should go and pursue a career, etc. With all these I still think that there should be some requirements for getting the UBI specific to different zones on our planet like having to go through education and not drop out, etc.

I think the AI technology will only free our time from all those mundane, repetitive tasks so we can focus on more creative things. Humans are not robots - we are creative and can create wonderful things. Through AI traders basically automate trading strategies and/or find new ones. Of course that will have some repercussions on the market behaviour, but still the same rules apply - buy low, sell high to make a profit. Wink

I am agree with you and this is to happen. Otherwise it will create a big problem, & there will be internal wars b/w people. Just imagine that when everyone will not find the job, and also not find a living, then he will kill you.

DoublerHunter

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We have a different perspective way and understanding about using Autobot in trading. There's nothing wrong if you are using this but remember they had also the capability to do work and help humans to make the task easier and less hassle-free. Just like in trading, I am using Autobot like Gunbot but I never rely on this and I still have my own research. At least I have an advantage when I am away from the keyboard but my auto bot will do the job. A proper setting like buying point and selling point which is no need to watch always the market price.

BitHodler

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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.

Wexnident

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It's a lot easier and less hassle for the trader when using AI's but it doesn't really provide the necessary advantage or profit that they are looking for or that a trader could get. Professors in the past often told me, Computers are stupid. They can only read 1's and 0's and not gonna lie, it looks quite fitting when using AI's. They are unable to perform tasks a normal human could, and more useful in terms of canned transactions.
For those whom don't know what canned transactions are, it's pretty much just a repetitive process often used in a transaction like, the printing of a schedule for college students, the printing of report cards, those can be called canned transactions.

Hamphser

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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.

carlfebz2

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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.

abel1337

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Quote from: wajik-tempe on November 12, 2019, 08:11:27 AM

Quote from: MURONDI on November 12, 2019, 06:11:57 AM

the impact of robots in trading can save time because it can buy and sell automatically, but all of that also needs to be watched because the robot works continuously without regard to market conditions, humans will adapt to circumstances, maybe in the future people no longer work traditionally, people will follow the conditions of the time at that time, maybe at that time people relied more on the brain than on the muscles to make a living.

Robots can not replace human on trading, even the robot itself must be coded by the human who know how to trade. And i think if this trends growing big, people are going to use AI without knowing what the bots will do and these bots can be manipulated by the algorithm makers to make profits to theirself and i think it's not good for crypto environment

AI machines can't really replace humans on trading if we based on today's invented algorithm but we don't know in the future if programmers can do an AI for the sole purpose of trading. It's hard to compete with automatic trading but It can possibly block by some systems if it is illegal. So AI for me can't really invade human on trading, But it can possibly destroy us humans on a battle of trade. As I said humans can create an AI and an anti-AI.

wajik-tempe

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Quote from: MURONDI on November 12, 2019, 06:11:57 AM

the impact of robots in trading can save time because it can buy and sell automatically, but all of that also needs to be watched because the robot works continuously without regard to market conditions, humans will adapt to circumstances, maybe in the future people no longer work traditionally, people will follow the conditions of the time at that time, maybe at that time people relied more on the brain than on the muscles to make a living.

Robots can not replace human on trading, even the robot itself must be coded by the human who know how to trade. And i think if this trends growing big, people are going to use AI without knowing what the bots will do and these bots can be manipulated by the algorithm makers to make profits to theirself and i think it's not good for crypto environment

ChrisPop

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If it would be an ideal world and the planet's resources would be used at the maximum potential then a universal basic income would be viable (free money) - that would cover all the basic needs of a person like shelter and food. Then if a person wants to achieve higher levels of life quality or social presence he/she should go and pursue a career, etc. With all these I still think that there should be some requirements for getting the UBI specific to different zones on our planet like having to go through education and not drop out, etc.

I think the AI technology will only free our time from all those mundane, repetitive tasks so we can focus on more creative things. Humans are not robots - we are creative and can create wonderful things. Through AI traders basically automate trading strategies and/or find new ones. Of course that will have some repercussions on the market behaviour, but still the same rules apply - buy low, sell high to make a profit. Wink

MURONDI

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the impact of robots in trading can save time because it can buy and sell automatically, but all of that also needs to be watched because the robot works continuously without regard to market conditions, humans will adapt to circumstances, maybe in the future people no longer work traditionally, people will follow the conditions of the time at that time, maybe at that time people relied more on the brain than on the muscles to make a living.

TrevorS

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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.

DashingAgent

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So many books, so little time

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?

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