Is it true that this AI is good for trading?

[Altryist]

Many traders rely on AI tools which I think isn't a bad thing because it shortens the period of technical analysis that humans can do so it is actually a big help. For professional and independent traders, I'm not sure if they still rely their decisions on AIs but for those who are having a hard time doing technical analysis, it will be an edge to use it.
It is part of the continuous innovation of AIs n the crypto industry so I believe that more developments will make our trading journey easier in the future.

I doubt that many traders rely on AI, maybe someone does it for the sake of interest, but personally I would not trust my money to AI forecasts. Perhaps for the sake of the experiment, it was interesting to do this, do the analysis yourself and compare it with the AI ​​variant, how much it will right or not. And then see who was right, and repeat this action a few times, I think it would be a good experiment.

[Dimitri94]

Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.

[@sriyan]

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Please do not too much trust AI for trading. But these could be excellent tools to learn how to trade, what factors are to be considered, etc. In my personal opinion, you can use your insights and also insights from the AI tool you are using to attain better decision-making.

[jokers10]

...
for those who are having a hard time doing technical analysis, it will be an edge to use it.
...

Using a tool you don't know how works is risky. I saw people who made ridiculous mistakes with a simple calculator because they relied on it and didn't think if a result looks correct. If those ones who don't know how to do technical analysis will just use AI instead of learning they'll probably make huge mistakes, maybe not instantly, but they will. Technology can make life easier but it can't replace a human being if we want it still work in the interests of humanity.

[LUCKMCFLY]

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Please do not too much trust AI for trading. But these could be excellent tools to learn how to trade, what factors are to be considered, etc. In my personal opinion, you can use your insights and also insights from the AI tool you are using to attain better decision-making.

There will be ways to operate, but it is not the solution to leave everything in the hands of the AI, because it is a double-edged sword, you can win but losing is the surest, the AIs are not optimized, they are not in a complete development, for My AIs have a long way to go and so far they are starting, personally they have Reached my telegram offering profit plans with trading and when I ask them how to do it, they tell me that they have an AI bot, and that's when I tell them that it It is not true and that a bot cannot make one person or thousands win, this is obvious.

[FUCKBSVFUCK]

It is a bit of a no brainer to be honest. 
 
The problem is that you don't have a lot of experience in trading, and you are a beginner who has no idea what it is all about. 
 
But if you are an experienced trader, you can learn a lot from your experience and be able to make a lot of money in the long run. 
 
I would suggest you take a look at the source code of ChatGPT, and check it out. 
 
You can find it here: https://github.com/gambler/ChatGPT/blob/master/tutorial.md

[Dr.Osh]

I feel that AI is just like a bot that is constantly being updated. however, I think the AI system also compares speculation and analysis of existing data, whereas trading always moves based on the needs and wants of the market at that time.
However, I do not recommend this. I prefer to trade with the speculation that I have. we will never know when the AI failed to read the price chart, and I think the risk in this case is very big.

[Litzki1990]

Trading will never be as effective in AI systems as self-knowledge is in trading. ChatGPT has certain systems added and those systems are added by humans outside of the system ChatGPT is connected to but no trading information is available. When people gain full experience and expertise in a trading subject, people research the market beyond certain facts. Trading directly involves our financial assets so I would never depend on AI for trading.

[devil2man]

Yes, it is true that AI is good for trading. AI systems can process vast amounts of information and analyze them in real-time, which is useful for stock trading and investment
There are also various AI trading tools/bots available
However, it is important to note that AI is not a guaranteed solution for beating the market and must be looked at often

[GigaBit]

I feel that AI is just like a bot that is constantly being updated. however, I think the AI system also compares speculation and analysis of existing data, whereas trading always moves based on the needs and wants of the market at that time.
However, I do not recommend this. I prefer to trade with the speculation that I have. we will never know when the AI failed to read the price chart, and I think the risk in this case is very big.

Recently many open AI products have come to the market which can perform tasks very efficiently. But almost everyone knows that AI trading will not be very successful. Because trading is not built on any particular database. There is always change. I'm skeptical about how an AI can make good sense of these changes. But it can do well in other areas apart from live trading. Since trading goes at its own pace, I will focus on my own skills and strategies for trading as best i can in this market. Since they cannot make future predictions, Those AI will not be successful in trading.

[jokers10]

In general, I trust the work by hand more than ever. This option seems to me much more reliable, because I frankly do not trust the robot. But then again - everyone has their own choice and their own point of view.

Why don't you trust a robot? There are a lot of robots working for human: they produce cars, they sort garbage, they do a lot of useful work and it's good that human beings are no longer do such a monotonous and unattractive job. The problem with AI and trading is in that some expect AI will do everything for them and they need no understanding how it works. And it will not work. When all will use AI all can't win. So or there will be ones who understand better and using AI will use their knowledge and experience as well winning from others, or probably this will be like a lottery when you never know if you'll lose or win.

[macson]

whatever it's called, AI is just a program tool and not much different from applications that are currently circulating, AI will not be able to replace the role of humans in making decisions, every prediction that AI makes is only for consideration by traders.

so even though in the future an AI will appear which claims to be able to provide good predictions for traders, so don't believe it 100% however the decision to sell or buy 100% must be in your control.

[Rigon]

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

[ningrum]

I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

That's how it is and we should know how the chat GPT works,
basically it will only help provide basic and general information so don't expect more than that,
which is clearly important to be wise in using technology.

[Gladitorcomeback]

Chat GPT can help you but not accurately. If you follow the chat gpt you can get information from there but I don't think that information will be very useful for trading. Because you can generate signal as accurately as you can in trading platform but Chat GPT cannot generate that signal accurately. Although I have spent a lot of time on trading platforms, I have never traded with Chat GPT bot. Currently everyone is saying this Chat GPT AI trading bot is good but I will never accept it as good. Because I don't think this chat GP is suitable at all.

Whether it's a chat GPT or YouTube or a blog, it's important to keep in mind that no kne know the real prediction of any coin. For information about any coins future events, buyer and seller volume and other i think Chatgpt is best option. One should use Chatgpt for this purpose and can take trade. no doubt it's risky also because sometimes the information did not match and crypto price is not predictable.

I ask ChatGpt which coin to buy now and i got answer Below

Which crypto coin should be worth to buy now?


As an AI language model, I cannot provide financial or investment advice, and I must encourage you to do your own research before investing in any cryptocurrency or making any financial decisions. Cryptocurrencies are known for their volatility, and their value can fluctuate rapidly and unpredictably. Therefore, it's essential to make informed investment decisions based on your personal financial goals, risk tolerance, and overall investment strategy. I recommend you do thorough research on the different cryptocurrencies available, their underlying technology, and their historical price movements before making any investment decisions. Additionally, it's always advisable to consult a professional financial advisor before investing.

[Latviand]

AI will eventually become a God trader but I don't think this isn't the right time for you to use it, think of this times for AI as trying times, they're still perfecting it and you don't want to get in while it's still on it's trial phase, maybe wait for 2-4 more years, there's going to be some big difference there definitely. Right now, I think people are just hyping it up and not a lot of people knows how to use the AI efficiently anyways.

[gabbie2010]

Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.

Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

[savetheFORUM]

In general, I trust the work by hand more than ever. This option seems to me much more reliable, because I frankly do not trust the robot. But then again - everyone has their own choice and their own point of view.

Great. It seems you have more free time? But for those who are busy, they are only using an AI or a trading but don't worry because the strategy that the AI is using still comes from their own analysis. It only becomes risky if you let all the work to the AI but you can always review their gathered analysis before you run them.

I think another thing that makes you worry is what if the AI became faulty during the middle of their run? That should messed up your trades and eventually drain your balance. I think it would be better if the developers put something like a fuse (the one we have on our electronics) to stop the program once it starts to malfunction.

[Twentyonepaylots]

Some traders are now willing to use AI for trading and some don't think AI is always appropriate for trading. Because this AI will be trading by depending on an algorithm it is not possible to get instant changes on recent events or other things automatically. I am not willing to use AI in such activities.

Preferably a trader can use AI to validate a trading setup which I think is far better than relying solely on AI alone, there are instances where price defies Technical and Fundamental analysis let alone AI which relies on Algorithm, there are bound to have inconsistency in profit if a trader rely on AI for trading, of course there are few YouTube videos featuring AI trading personally I think the owners of those videos are looking for more numbers of views to make money, some years back bot was also introduced to trading it outcome was nothing to write home about, personally I trade manually with any automation if deploy AI to my trading I can only use it as a backup.

I agree with these because as we have advance in our technology these days, it cause no harm to take advantage of these and try to use it for the things that can help us just like in trading. But, I view it as a helping tool rather than the sole basis of every decision that you make. Human capacity for judgement is still more advance than AI so what we can do really is just to use it as an aid for us to see how would the AI decides and makes some judgment on it so that you would not be so reliant in it. I think that trading is risky enough and if we make the AI trade for us make it more risky so just take advantage of it since it has its potential as well.

[kojektea]

if this is true, I don't know how expensive the bot will be sold. those who are called AI are not even stupider than humans, they are really very smart because we contribute data every day. I think this endless AI brain if used in trading bots will produce more mature profits, at least they can predict signals more accurately than paid channels