Do AI trading assistants make trading easy?

[passwordnow]

My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

These AIs are just guides. If they are making enough money through the trader's way of trading, it's because they're there only to help but not they are the one that's entirely making the trades. Because if AIs are there to trade, then we won't be doing any trades anymore and let them work for our money and so we won't be bothered anymore of how to decide to make our trades win. But no, AIs/bots have been there already even the trend of AI came. It's not the actual AI doing the trade for us because many misconception are still thinking like that.

[justdimin]

how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

Practically speaking, when such improvement due to a latest technology is available to everyone, how you would expect you will be having extra edge to profit from a highly competitive market? I mean, for example,  if you plan to at a resistance level, market might not touch that level due to higher selling pressure from other similar trader who uses same kind of AI based strategy. It means everyone will chase to exit hence slowly you will start feeling like strategy is not working anymore. This happened in the past for most indicators and strategy and I am not expecting AI could be an exception here.

So, when AI may get you profits? For that you must develop your own strategy and you should keep that confidential and use for your own trades alone. This way, you might be having unique approach and you may profit as expected. When more people uses a same strategy, market will start behaving differently.

[Ishicryptic]

My question is: how efficient are these AIs really?

The use of AI in trading can be efficient if used intelligently or in other words not always relying on AI completely but using it as a complementary tool for manual analysis because we also certainly understand that behind the advantages shown by AI there must also be disadvantages, if you want to try using it better with a small capital first to reduce unwanted things.

No doubt AI makes tasks easier for us and AI in trading can do the same thing but traders should not totally rely on it to trade, they can be an aid to making trading decisions. Although I don't know how equiped AI is to be totally relied upon to place trades but I am assuming that it's function will be more on technical analysis because their functions are programed. But if it can also analyze fundamentals like breaking news that the market reacts to that will be an added advantage for it's usage. I hope that we can get more feedbacks from traders that are using AI to trade so we can know how efficient it is and how profitable the traders are. If AI assistant in trading is proven to be profitable I'm sure that the number of traders will increase because they don't need to be experienced to enter trading.

[milewilda]

If you do not know how to trade yourself, do not believe in AI. I have been seeing many advertisements about AI bots that can be used for trading but do not believe. Learn how to trade yourself before using any AI tools for it.

Also it is very important to learn about risky management in trading which is the most essential thing about trading. Use small amount of money for trading.

Another thing that is most important is that you should avoid leverage and shit coins.

Reality is, if you do not know how to trade, then trading using AI won’t work either since it takes personal knowledge and experience about trading before you can succeed on your trades using AI.

While AI may create a positive path for beginners, but trading using AI isn’t helpful and healthy at all. You trade to gain skills and strategies development, but it won’t be possible if you are solely dependent on AI every time you decide to trade. They key is not on AI, but it’s on yourself, on how to navigate your trade to maximize the profits while you keep preventing yourself not to commit mistakes too often.

Wont be healthy at all even if we do just say about in todays utility on where AI is being used on which it do makes people that too lazy and dumb just because they can almost do everything with the help of AI.
I havent been able to check out in regarding into this on which this talks about AI trading assitants. Come to think that you are the ones that needing up that skills and would be needing up for you to develop it out. AI would be only a tool on which it would be just that helping you out on some aspects but its not literally do all the job on which you are the ones would be needing up to do so. It does make trading easy? I havent tried out and thats why I cant be able to tell whether it is that something relevant or not. As a trader then you would be needing up to hone up your skills via having those active and real time engagement on which this will determine out whether you are that a profitable and sustainable trader or not. There are tons of tolls and other things on which they do have their own utility but in the end of the day on which you are the ones will be that relying out with your skills.

[Awaklara]

I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.

It would be great if you have tried it and succeeded, and share your experience regarding the use of AI trading assistants. If it really works to produce consistent profits, even giving good suggestions for setting sell positions and stop losses. Those who make paid signal channels will probably be outcompeted.
I have never tried it, but have seen some videos regarding the use of AI to help traders analyze good trading positions. If it works, it is indeed something that helps.

[Olamidetechie]

My question is: how efficient are these AIs really?

The use of AI in trading can be efficient if used intelligently or in other words not always relying on AI completely but using it as a complementary tool for manual analysis because we also certainly understand that behind the advantages shown by AI there must also be disadvantages, if you want to try using it better with a small capital first to reduce unwanted things.

With or without AI, if you trade without intelligence and skills, you will never end up trading efficiently. Now, with AI trading as a bonus, that only add another advantage for us as long as we are smart enough to apply it in our trades, otherwise using AI trading will still be a waste of time if you simply use it without proper knowledge and reliable experience from trading in the market.

AI trading assistants may help us and lessen our struggle from trading, but know that it won’t guarantee successful and profitable trades. The best key still lies within us, our own capabilities and skills, knowledge and experience that would lead to an effective and efficient trade.

This is one of the finest comments I've seen so far on this thread. AI is an advantage, but it will also do someone good not to rely fully on it and combine it with your knowledge in fundamental analysis and news to get a good result from trading. And also concerning the link the OP sent, I also have tested the AI chatbot, GetAgent, that was there, and it did give a great analysis the moment I entered the contract address of each token, at least better than using ChatGPT and others blindly.

[Mrbluntzy]

Regarding the KOL, the AI he showcased analyzed the market, placed the trade, and sold it. Not gonna lie, I’m impressed. I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.

I was already thinking of making this suggestion to you but you said it yourself, it would be nice to see a detailed review about the AI that is based on your experience and result. If you are a good trader yourself, there's no need to use AI unless you just want to simplify your task and you will need to fully test and see what the result would look like before you venture into it completely.

Has anyone else here used a similar AI for trading? What was your experience like?

I don't trade, so I don't have any trading experience with AI but majority of comments about AI with trading is that, it doesn't provide accurate results.

[Ndabagi01]

My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

I haven’t tried anyone but their overall profit and loss ratio is not what to come to talk about its effectiveness. It doesn’t give overall good profits or we will by now see more people use it for trading.

Regarding the KOL, the AI he showcased analyzed the market, placed the trade, and sold it. Not gonna lie, I’m impressed. I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.

Has anyone else here used a similar AI for trading? What was your experience like?

I have not used any trading tool bot for trading before because most of the reviews from those that have used it is negative, so I didn’t mind trying them out. I also have a deep feeling that they cannot give accurate results as a human can. These bots are made by same human that don’t have a 100% winning rate in trading, so how comes a tool built by them and prone to error also make 100% winning rate, so it’s very hard to believe in them entirely for profit sake.

[Odusko]

Most of us that tried using some of the trading tools and bots, got scammed in the process, and that is why I have given up on any trading assistance, and the best way to trade us to do it by your own human skills, although AI can't help a trader to generate Data to do analysis, but he should not depend on AI for any reason since it hard for AI to perform independently.

[harapan]

My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

Absolutely I'm not sure about the reliance of AI on trading though the seem very efficient in delivering well driven results to users but you can't beat up your chest to the fact that they are reliable in making you achieve that. Of a truth to some extent they may  have made trading easier and effective in a way but the reliability is what I'm not sure about.

[Botnake]

Yes, that is the goal to help traders come up with positive outcomes through making informed decisions when trading. They say these new AI trading assistants are our new partner in the trading market. However, it’s still a lot different having to trade on your own and learn to overcome the risks and challenges that trading has to offer.

Success in trading isn’t measured on how far your artificial intelligence goes, but on how far you have mastered your own trading skills and strategies, while you continue to develop those positive attitudes that will contribute to your trading success.

[GreatArkansas]

Basically, it will just assist you, especially in learning. This is what I can see in AI and Trading.
Because the market is unpredictable, even how a good trader you are, you can still lose millions, this is already been proven by a lot of traders, especially professionals.

So for me, in learning to trade, it's good, especially if you have questions about trading and you want to improve your trading skills.

[slaman29]

I have now seen over 20 years of 'AI' trading. Yes thats right even before Chatgpt was famous people were selling AI bots, deep analytics bots, and even crowd wisdom bots.

The question you ask is all wrong. The only question you need to ask is, if someone figured it out, then that someone would be so rich, why would he ever sell it?

Bots are good btw. They automate and help execute but it is your strategy and your trades, not some AI.

[tygeade]

No doubt AI makes tasks easier for us and AI in trading can do the same thing but traders should not totally rely on it to trade, they can be an aid to making trading decisions. Although I don't know how equiped AI is to be totally relied upon to place trades but I am assuming that it's function will be more on technical analysis because their functions are programed. But if it can also analyze fundamentals like breaking news that the market reacts to that will be an added advantage for it's usage. I hope that we can get more feedbacks from traders that are using AI to trade so we can know how efficient it is and how profitable the traders are. If AI assistant in trading is proven to be profitable I'm sure that the number of traders will increase because they don't need to be experienced to enter trading.

If we rely fully, we won't know how the process works. This is an added knowledge to us which can help us but I know some won't care about it. What important for them is only to earn a profit. Yeah, AI's are programmed but the market still can move from time to time, therefore AI's can still predict inaccurately.

If you are looking for feedbacks, then you are on a right place already. Even before the AI became a trend, a lot of people are already coming in the trading scene. This is due to the misleading advertisements that they see. To simply enter, doesn't literally need an experience because experience are only built in the journey.

[Crypto Library]

Ai assistant can help us a lot in trading because Ai can analyze very quickly and give us results, but still you will not get a guarantee in trading that if you have an AI assistant, you will be able to make a profit. But in many cases you can avoid losses. And even if you lose a small amount, you can avoid big losses. Ai has made our lives much easier in many ways, but you need to know about the proper use of Ai. But if someone is completely dependent on Ai, then he may face many problems at different times. So first you have to gain a lot of knowledge about trading, then you have to try to do something better with the help of Ai.

Even AI could give us the answers in a good format like we want but we know that AI also gives the wrong and misinformation before. And here we should think twice before using the ai in trading. I am not neglecting the new invention in technology space but we should also be aware of it cons specifically when it about the trading.

And also I will say that those people who have zero knowledge about the trading if those want to do trading with Ai the results will be still the loss because even if you want to use the AI to trading you have to be the trading knowledge for verifying the AI analysis.

[Rruchi man]

~

The best thing you will do for yourself is to ignore whatever AI assistant is out there and try to develop your trading skills. Your future self will thank you a lot for it because have you really considered situations where these AI assistants fail? or stop being a thing?

Ignore the noise and know that there are still successful traders without any AI assistant tools. Stop looking for a way to make the process easier and  bend your back.

[SATWAT]

Ai assistant can help us a lot in trading because Ai can analyze very quickly and give us results, but still you will not get a guarantee in trading that if you have an AI assistant, you will be able to make a profit. But in many cases you can avoid losses. And even if you lose a small amount, you can avoid big losses. Ai has made our lives much easier in many ways, but you need to know about the proper use of Ai. But if someone is completely dependent on Ai, then he may face many problems at different times. So first you have to gain a lot of knowledge about trading, then you have to try to do something better with the help of Ai.

Even AI could give us the answers in a good format like we want but we know that AI also gives the wrong and misinformation before. And here we should think twice before using the ai in trading. I am not neglecting the new invention in technology space but we should also be aware of it cons specifically when it about the trading.

And also I will say that those people who have zero knowledge about the trading if those want to do trading with Ai the results will be still the loss because even if you want to use the AI to trading you have to be the trading knowledge for verifying the AI analysis.

Peoples already done many experiments in this but mostly never ended on good which is now creating chaos because peoples those faced loses and other problems are not happy to do another thing which bring problems for them just because of this having not good chance.
Here one thing is sure if someone want to use this tool as just assistant then maybe its works because its can give replies which could be helpful but expecting long run profit of anything else surely going to be had no good result.
Here I agreed those are not well aware about tracings it's not going to help them for having anything special because its tool which is going to help those who are having experience and good knowledge about trading expecting something extraordinary is going to be not helpful.

[Phoenixtrader]

My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

These AIs are just guides. If they are making enough money through the trader's way of trading, it's because they're there only to help but not they are the one that's entirely making the trades. Because if AIs are there to trade, then we won't be doing any trades anymore and let them work for our money and so we won't be bothered anymore of how to decide to make our trades win. But no, AIs/bots have been there already even the trend of AI came. It's not the actual AI doing the trade for us because many misconception are still thinking like that.

That's true, the question is if AI can make your trading easier and increase your PNL and yes it can. Got the referral code of the one the Kol I mentioned by Bitget called GetAI, did some analysis with it and told to run some analysis on the useless coin, guess what, it brought out core details like market sentiment, volumes, holders etc. This led me to place a trade and got profits.. surely it made the trade process faster.. but you've got to have some level of knowledge to know what you're doing at least.

I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.

It would be great if you have tried it and succeeded, and share your experience regarding the use of AI trading assistants. If it really works to produce consistent profits, even giving good suggestions for setting sell positions and stop losses. Those who make paid signal channels will probably be outcompeted.
I have never tried it, but have seen some videos regarding the use of AI to help traders analyze good trading positions. If it works, it is indeed something that helps.

I have . And shared my review earlier . But the product would need some updates but so far it's good and decent.. FYI you need to have a basic crypto knowledge for you to rely on AI though..

[adultcrypto]

AI has become the new thing in town as it is finding its application in a lot of things, so trading will be no exception. For the past weeks that spent some time watching youtube videos, I was surprised at the number of ads on AI trading that has flooded Youtube. For there to be that number of ads on AI trading, it shows that AI is actually working in trading but what I do not know is if all the strategy being promoted by those ads are genuine because scammers would have already been perfecting their own ways of exploiting people through the trend.

[lizarder]

My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?

Efficient or not very dependent on each individual because the most important thing is to make a study before taking the indicators given by Al. If it is fully the application of the strategy using Al I believe that trade will not always succeed.

Regarding the KOL, the AI he showcased analyzed the market, placed the trade, and sold it. Not gonna lie, I’m impressed. I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.

Has anyone else here used a similar AI for trading? What was your experience like?

It might be easier but it is necessary to make adjustments to market conditions so it is necessary to make an analysis before making a decision. The tendency of people to think easy to do something based on assistance from AI and is actually not wrong as long as we also do a study first before making a decision so that when entering the market we have a more relevant view to the strategy.

Not all scenarios produced by Al succeeded and I myself had experienced a failure that was finally loss. This is caused by several factors, especially I myself pay less attention to the market when entering and executing with scalping patterns actually make me wrong in determining the position of the entry.