Is there any Impact of AI technology in Trading?

[alexsandria]

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.

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[el kaka22]

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.

[boris singer]

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.

[Vertex_ICO]

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.

[Beparanf]

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 don't use bot too as I prefer to do manual analysis and trade so I'll be able to hold or stop loss and only trade with alts I know. Some preferred having bot but I don't think it will affect too. Ai technology is good for advancement but there are still people who prefer to do it their way and by their ways only.

[Soots]

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 don't use bot too as I prefer to do manual analysis and trade so I'll be able to hold or stop loss and only trade with alts I know. Some preferred having bot but I don't think it will affect too. Ai technology is good for advancement but there are still people who prefer to do it their way and by their ways only.

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.

[goaldigger]

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.

Traders must be emotionless on dealing with their trades, and that is the advantage of AI. We already BOT in trading, busy traders prefer this BOT because they can earn and take profit while they are busy doing their staff. Our technology grows so fast than expected, we are so high-tech now and trading using AI is one of the proof that we are started to depend on technology itself. There’s pros and cons so you must assess first before you use AI or any BOT.

[CarnagexD]

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.

Why do you need a bot if you are an active trader? Bots are for setting goal and targets to trade and so having it while active is a waste of time. I strong disagree claiming that human instinct is more developed, how did you come for this one? Instinct are just guess what could happen in any direction. Bots are more reliable on concluding which will possibly occur next, it has data, charts and databases it relies on so I think bots got this category.

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.

[nelson4lov]

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.

[zhekinsp]

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.

[supercanada1]

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.

Why do you need a bot if you are an active trader? Bots are for setting goal and targets to trade and so having it while active is a waste of time. I strong disagree claiming that human instinct is more developed, how did you come for this one? Instinct are just guess what could happen in any direction. Bots are more reliable on concluding which will possibly occur next, it has data, charts and databases it relies on so I think bots got this category.

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.

Artificial intelligence is an old concept but still the progress is not anywhere near to perfection. Still we have a lot to do in this field. Machine learning/ artificial intelligence are also not the common topics. It is mostly google that is working on this. The reason behind such slow pace is reverse engineering brain. It can be considered the most difficult job so far. Existing AI in trading is more of a guessing game.

[Magkirap]

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.