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Author Topic: How do you think AI and machine learning will impact the future of trading?  (Read 208 times)
BABY SHOES
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July 25, 2024, 08:31:19 AM
 #21

Do most of their traders use AI technology to predict the market to the right price? Or is it easier to predict? I don't think this is just a small picture where AI only collects new news trends and the algorithm adjusts what is asked then it will bring out the trend while happening in the future.

But I don't think traders will rely entirely on AI in their trading, this is not a good thing because it is not so reliable unless humans themselves do it in continuous market analysis, so if you only rely on AI alone it will not be enough in trading even if AI is premium.

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Rockstarguy
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July 25, 2024, 05:56:08 PM
 #22

I wanted to start a discussion on how these technologies are transforming our trading strategies.

All this may not effectively work out well for trading because these AI machines and softwares you're seing online were built by someone and you can't expect them to have the same kind of performance as to human brains on what decision they can make to trade, trading is profitable but if many have seen the use of trading bot more effective than the human efforts and skills on trade, everyone would have been using bot in making their trades.
The level at which people are looking up to bot for trading is alarming which can also cause people to be lazy not to learn on getting the best knowledge about trading . The truth is that even if one should depend on bot for trading it is not a guarantee that the outcome of every trade will come out with the best profit because the bot use in trading is programmed by the human understanding, just performs it job giving by human.

Trading with bot sometimes is not bad but I don't think it will be best for trader to just depend on it always because strategies in trading are not permanent, it changes. The more we trade the more we learn better and also get experience,  depending on bot can just make one to remain the same and growing in knowledge.

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