Is there any Impact of AI technology in Trading?

[Cherylstar86]

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.

[beerlover]

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.

[Google+]

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.

[Shenzou]

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.

[ReiMomo]

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.

[bitbunnny]

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.

[Colt81]

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.

[jostorres]

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?

[LouVandetta]

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.

[albrots]

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.

[Dart18]

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.

[South Park]

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.

[Memminger]

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.

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.

[X-ray]

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.

[Kasabus]

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.

[1Referee]

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.

[Oceat]

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.

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.

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.

[Polar91]

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.

[Distinctin]

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.

It may be we have to accept that the more we are accepting technology development the more we've welcomed many innovations. AI serve another role in trading and quite good to know that they're in great in times when they are not in a good mode. But something we need to think also that all the way we have to manage our trades often times rather than relying on it all the time. And all major decisions must be coming from us.

[albrots]

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.