Title: Is there any Impact of AI technology in Trading? Post by: DashingAgent on November 12, 2019, 09:47:32 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? Title: Re: Is there any Impact of AI technology in Trading? Post by: TrevorS on November 12, 2019, 10:54:30 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: MURONDI on November 12, 2019, 11:11:57 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: ChrisPop on November 12, 2019, 01:10:27 PM 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. ;) Title: Re: Is there any Impact of AI technology in Trading? Post by: wajik-tempe on November 12, 2019, 01:11:27 PM 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 Title: Re: Is there any Impact of AI technology in Trading? Post by: abel1337 on November 12, 2019, 01:41:44 PM 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 Title: Re: Is there any Impact of AI technology in Trading? Post by: carlfebz2 on November 12, 2019, 01:42:43 PM 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 donebut 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Hamphser on November 12, 2019, 02:16:09 PM 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 donebut 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Wexnident on November 12, 2019, 02:27:28 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: BitHodler on November 12, 2019, 03:21:37 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: DoublerHunter on November 12, 2019, 05:23:52 PM 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: DashingAgent on November 12, 2019, 06:40:26 PM 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. ;) 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: DashingAgent on November 12, 2019, 06:50:25 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: shield132 on November 12, 2019, 06:58:09 PM Is there any Impact of AI technology in Trading? 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.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? 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: adroitful_one on November 12, 2019, 06:58:54 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: enhu on November 12, 2019, 06:59:19 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: carlfebz2 on November 12, 2019, 08:05:26 PM 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 donebut 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. 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: its-a-me-mario on November 12, 2019, 08:20:42 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: acdc on November 13, 2019, 09:52:15 AM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Genemind on November 13, 2019, 10:46:37 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: Cherylstar86 on November 13, 2019, 01:18:05 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: beerlover on November 13, 2019, 02:38:00 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Google+ on November 13, 2019, 02:53:44 PM 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: Shenzou on November 13, 2019, 04:11:50 PM 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: ReiMomo on November 13, 2019, 08:13:28 PM 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.
Title: Re: Is there any Impact of AI technology in Trading? Post by: bitbunnny on November 13, 2019, 08:44:28 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Colt81 on November 14, 2019, 04:49:24 AM At the moment AI doesn't have any special impact on trading, except maybe in trading bots in broader sense. 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. 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: jostorres on November 14, 2019, 08:04:55 AM 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? Title: Re: Is there any Impact of AI technology in Trading? Post by: LouVandetta on November 14, 2019, 11:35:41 AM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: albrots on November 14, 2019, 01:07:51 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Dart18 on November 14, 2019, 01:52:58 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: South Park on November 14, 2019, 05:13:33 PM 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. 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.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. Title: Re: Is there any Impact of AI technology in Trading? Post by: Memminger on November 14, 2019, 05:40:01 PM 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. That’s a good idea though I don’t know if it will be implemented because of “some” greedy people. They could give a part of the income they had saved by paying the government some fee and then distribute it to the people. Also, I don’t totally agree with the OP since not all jobs can be done by AIs or robots. The blue collar jobs might be affected heavily and would result to massive unemployment but those in white collar job who are mostly in the office using their analytic skills and etc that a machine can’t perform. It would increase the demand of labor in terms of technology, computer.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. Title: Re: Is there any Impact of AI technology in Trading? Post by: X-ray on November 14, 2019, 05:55:33 PM It has quite the impact as I've seen here and there are already trying to use AI for prediction based on the common trading pattern however doesn't guarantee profit but if we are talking about AI taking over job and makes unemployment worse it all comes down to the government. The government could raise the taxes for any company that uses AI and then propose universal basic income so that the robot will work not only for the company but also contribute to the whole country. There are some discussion regarding to this and it seems like the most logical idea to overcome the advancement of technology, we can't really hold technology back right? because it always rapidly grow in every corner of the world.
Title: Re: Is there any Impact of AI technology in Trading? Post by: Kasabus on November 14, 2019, 08:48:17 PM 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. Only those who have a lot of money could afford to have this. Think of ist price, it won't really give much appreciation in the market. Yes, it can be helpful some matters especially in trading but can't let things happen and even controlled this new technology for what we would like to happen in the future. NOt only just a positive impact but also a negative one cause it only changed our mindset and relying on this technology it sounds like we did nothing. Title: Re: Is there any Impact of AI technology in Trading? Post by: 1Referee on November 14, 2019, 11:14:35 PM 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? It's a fact that most people in any market lose money. In terms of percentages, it's said to be over 90% which just shows how the majority fills the pockets of a minority of profitable traders. Knowing that, people are way better off letting a bot do the trading for them as every single trade is a calculated one based on the technical analysis it did in fractions of a second. I rather be a 'dull' person but have a bot make rational and calculated trading decisions than to be a cool/active person who ends up losing due emotions and the lack of proper technical analysis skills. Title: Re: Is there any Impact of AI technology in Trading? Post by: Oceat on November 14, 2019, 11:23:45 PM Too much movies. This is probably his what ifs. But if you come to think about it the possibility of using bots are quite effective especially if you have coded them right. Although they just can't handle things which would require emotions and logical reasoning.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. I think a script is a good example for making a bots but it's not yet physically alive because it is being used in many programs. But it is a good example though. Title: Re: Is there any Impact of AI technology in Trading? Post by: Polar91 on November 15, 2019, 12:20:53 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. Being emotionless that AI has is actually an advantage from trading manually because it neglects to possibiltiy of fear of missing out or rather panic selling. The main problem in AI is that it's a new technology for trading IMO, thus there are a lot of bugs which you may encounter such as errors that can wipe your account's balance if you're unfortunate. On the other hand we should be open that it's being developed and sooner or later it'll be the revolutionary way of trading.Title: Re: Is there any Impact of AI technology in Trading? Post by: Distinctin on November 15, 2019, 01:58:49 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. Being emotionless that AI has is actually an advantage from trading manually because it neglects to possibiltiy of fear of missing out or rather panic selling. The main problem in AI is that it's a new technology for trading IMO, thus there are a lot of bugs which you may encounter such as errors that can wipe your account's balance if you're unfortunate. On the other hand we should be open that it's being developed and sooner or later it'll be the revolutionary way of trading.Title: Re: Is there any Impact of AI technology in Trading? Post by: albrots on November 15, 2019, 08:47:19 AM 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. Only those who have a lot of money could afford to have this. Think of ist price, it won't really give much appreciation in the market. Yes, it can be helpful some matters especially in trading but can't let things happen and even controlled this new technology for what we would like to happen in the future. NOt only just a positive impact but also a negative one cause it only changed our mindset and relying on this technology it sounds like we did nothing. It is true, the first price offered will be very expensive to be able to apply AI technology while people are not necessarily interested in the technology applied. There will be many pros and cons if all use Full AI technology. We can only see its development from now on, AI technology will be very useful in the future. Title: Re: Is there any Impact of AI technology in Trading? Post by: alexsandria on November 15, 2019, 08:55:02 AM Well yes specially for beginners though. Artificial Intelligence were created out of human's basic queries. Usually they are upgraded out of sophisticated or new query of what is the AI capable of. Technically saying AI are generally a program to serve for mass or general people meaning to say it serves the most basic one. And therefore they can quitely could make an impact specially for beginners.
Title: Re: Is there any Impact of AI technology in Trading? Post by: el kaka22 on November 15, 2019, 09:08:23 AM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail.
Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. Title: Re: Is there any Impact of AI technology in Trading? Post by: boris singer on November 15, 2019, 10:43:55 AM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail. Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. bots are not effective for active traders, human instinct is more developed in setting targets and even in undesirable conditions. I see that bot2 that is set generally can determine the scale of earnings, but only for altcoin because btc movements are more irregular to fluctuate. The real concept of AI is to be able to control every condition automatically, and at the moment it is still only a prototype and does not yet exist. Title: Re: Is there any Impact of AI technology in Trading? Post by: Vertex_ICO on November 19, 2019, 07:42:23 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 mean we already have AI trading bots - but I do think there's definitely still room for more growth for AI in crypto trading. Title: Re: Is there any Impact of AI technology in Trading? Post by: Beparanf on November 19, 2019, 11:53:13 AM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail. Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. bots are not effective for active traders, human instinct is more developed in setting targets and even in undesirable conditions. I see that bot2 that is set generally can determine the scale of earnings, but only for altcoin because btc movements are more irregular to fluctuate. The real concept of AI is to be able to control every condition automatically, and at the moment it is still only a prototype and does not yet exist. Title: Re: Is there any Impact of AI technology in Trading? Post by: Soots on November 19, 2019, 12:42:30 PM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail. Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. bots are not effective for active traders, human instinct is more developed in setting targets and even in undesirable conditions. I see that bot2 that is set generally can determine the scale of earnings, but only for altcoin because btc movements are more irregular to fluctuate. The real concept of AI is to be able to control every condition automatically, and at the moment it is still only a prototype and does not yet exist. I am not comfortable with using those computer robots to help me with trading, better rely on ourselves and also from other experts who can give us more reliable advice on trading. The decision making depends on our actual participation in trading, doing chart monitoring, reading articles and a lot more to help us established the best analysis without the presence of AI's. Title: Re: Is there any Impact of AI technology in Trading? Post by: goaldigger on November 19, 2019, 12:44:59 PM 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. Title: Re: Is there any Impact of AI technology in Trading? Post by: CarnagexD on November 19, 2019, 03:52:06 PM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail. Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. bots are not effective for active traders, human instinct is more developed in setting targets and even in undesirable conditions. I see that bot2 that is set generally can determine the scale of earnings, but only for altcoin because btc movements are more irregular to fluctuate. The real concept of AI is to be able to control every condition automatically, and at the moment it is still only a prototype and does not yet exist. Yes, however there are still limit on the AI's side, thus, this limitation is going to be set by the user not thr AI itself. AI does already exist in contrary of what you claimed, maybe not that solid and accurate but these AIs are already used in trading.Title: Re: Is there any Impact of AI technology in Trading? Post by: nelson4lov on November 19, 2019, 08:59:33 PM I don't really know what your question is really about. First you talked about whether AI can be used for trading.
Is there any Impact of AI technology in Trading? or can it automate the trading process? Or The fact that AI might take jobs from people who refused to upgrade their skillset? 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? Whichever case it may be, as someone who has a keen interest in data science, artificial intelligence and machine learning, I can say AI can be used for trading. But it'll be quite complex to build. You have to feed it a ton of historical prices, build a model then test and train it. Afterwards you've to improve the prediction accuracy with some tweaks. As for your other question, AI will only take jobs from people who refuse to add more skills to their skill set. In as much as AIs can operate autonomously, it still needs humans to build, maintain and continuously improve it. Models can only support a specific range of functions, afterwards. The machine is back to being the same old dumb computer that doesn't do anything until you tell it to do so. Title: Re: Is there any Impact of AI technology in Trading? Post by: zhekinsp on November 20, 2019, 12:06:26 PM Still we don't have any robot who is capable of doing all the things on their own which we call it as AI,the robots you are talking about on the companies were pre-programmed so they were capable of doing the programmed things.But we are not far away from creating an I-robot if this comes people will lose their life but before that the humanity will come into extinction in my analysis. :D
Title: Re: Is there any Impact of AI technology in Trading? Post by: supercanada1 on November 20, 2019, 03:39:42 PM Basically there are a ton of trading bots that uses similar approaches but the reality is trading is not a 1s and 0s game so they almost always fail. Yeah, there are times when a bot makes money for you but in general you are left with a ton of loss in the end because bots could make you profit on good days of the market but when it is bad they do end up losing a ton of money as well. So all in all trading is a human thing, no AI can do it better than any human, even the most improved and well designed bot can't trade as well as a human because bots have certain limits where you program to do one thing and that is the only thing they can do whereas humans can see a broader picture and read news and they can prevent something bad happen before it happens. bots are not effective for active traders, human instinct is more developed in setting targets and even in undesirable conditions. I see that bot2 that is set generally can determine the scale of earnings, but only for altcoin because btc movements are more irregular to fluctuate. The real concept of AI is to be able to control every condition automatically, and at the moment it is still only a prototype and does not yet exist. Yes, however there are still limit on the AI's side, thus, this limitation is going to be set by the user not thr AI itself. AI does already exist in contrary of what you claimed, maybe not that solid and accurate but these AIs are already used in trading.Title: Re: Is there any Impact of AI technology in Trading? Post by: Magkirap on November 20, 2019, 05:28:44 PM 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 will be a tough decision for all traders, well for me i will still choose trading on my own and will not use a bot to do my trades, maybe i'll use a bot on some other things but its a no for trading. Bots cannot replicate how you react, how you do trades and the decisions you make specially in tight situation, even though it is emotion less which is an advantage i still prefer enhancing my own self in controlling my emotions because you can't use a trading bot at everything but you can use your enhanced self in everything that you do specially here in the crypto world. |