Do AI trading assistants make trading easy?

[ndutndut]

These days, we've been seeing a lot of AI assistants in trading — tools that can analyze the market in seconds, place trades, and even advise on stop-loss and sell orders, just like the one mentioned by this Twitter KOL:
http://Https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu\_mW42M39F8NZw\&s=19](https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu_mW42M39F8NZw&s=19

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?

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?

AI trading tools can simply our trading for us no doubt, by giving us market insights and helping us take trades which are base on a predefined strategy, in as much as Al can do all this for us with tools like pattern recognition and data provided to them, The trading principles should be well understood and expectations should be managed by traders. But the changing market dynamics can become a challenge for these AI tools in the long run, because of geopolitical events, wars and natural disasters are not managed by these AI tools, and here is where I'm worried about the long-term reliance on AI tools. Because I have seen AI tools that worked when it were newly developed, but couldn't stand the test of time.

AI can actually help us analyze the market easily or find other information quickly. With AI, we can also analyze the market, to find out market patterns, so we can make good decisions. There are many benefits to using AI trading tools, but the key is not to use AI results to make decisions when trading because this will make you lose, AI is not always right. Although AI provides many advantages that can make it easier for us, it is very important for us to realize that AI is not the best solution in making decisions in trading.

So it's a good idea for us as traders to understand how AI works to draw conclusions and then combine it with our own analysis and find the right time before making a decision. Basically, trading must still refer to our own analysis, AI trading tools are only assistants or additional information for us in making trading decisions.

[The Cryptovator]

I haven't been using any kind of AI or bot for trading. We will be happy when you share your own experience after using those AI tools for your trading. I can't read codes, and that's the reason I can't always trust AI tools or trading bots fully; it doesn't mean these aren't useful. There might be trusted AI tools as well, but I am not familiar with these. I am just wondering if all the traders start using AI for their trading, then who will lose? And if no one loses, then how can you make profits? Exchange pays nothing; we trade ourselves, someone selling and someone buying on the other hand.

I don't use AI because trading needs real-time decisions. AI can't decide for themselves; they just follow the command they stored. I don't have any examples of people who made something big by using AI or bots for trading. Just make sure that AI is safe before you use it, because you need to connect AI with your account. There would be a lot of scammers who could get access to your account from AI when you use it.

[Japinat]

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.

You are right there. AI trading assistants are just there to lead and guide us, but won’t decide the future of our trades. It’s still our own personal capabilities and skills that will determine the future of our trades, so even if you use AI but you have not completely understood the nature of trading and how to maximize its trading potentials, then you will never achieve your target goal in trading.

Know that trading is all about mental, emotional and even financial decision, so if you think you fail to prepare them prior to trading, expect that you will still experience consistent mistakes and losses before you will gain mastery and profitability on your trades. AI is an outline, but you should be the one navigating your trades.

[Crypto Library]

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.

I agree with you, but I would also like to say that the crypto market or trading market is not always the same character, it is constantly changing, like this time, if we talk about the bitcoin halving, before it was about a year after the bitcoin halving, bitcoin made its all-time high price. But this time we saw that bitcoin made a new all-time high price of the coin before the halving.

So we should take this as a warning that if AI helps us according to the previous market, it may not be useful for us.

[masulum]

I agree with you, but I would also like to say that the crypto market or trading market is not always the same character, it is constantly changing, like this time, if we talk about the bitcoin halving, before it was about a year after the bitcoin halving, bitcoin made its all-time high price. But this time we saw that bitcoin made a new all-time high price of the coin before the halving.

So we should take this as a warning that if AI helps us according to the previous market, it may not be useful for us.

There are many AI assistants in trading that can be used, one of which can be a bot to determine entry and close positions. Using an AI assistant if it is understood correctly, may provide a different perspective for us in seeing market trends. Just as you said, the market is always changing, with data that is always updated, there will be changes in the character of the AI. But, we also need to remember, relying too much on AI is also not good, but to help analyze market predictions more deeply, it can also be used at any time. not to 100% trust what AI provides, but to be used as a tool to help before making a decision.

[Mr. Magkaisa]

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.

AI is a good help in analyzing data and making it simple. BUt how about the present info, are AI really that updated. even the news a minute ago or an hour Ago,In trading we do have the surge in that market.
this is due to the news from that coin or token. Are  they updated on that? We can rely with AI for the information and analytics and summarizing, but the quick market revenue still on us.
Pls use the AI for gathering infos and analyzing it, and support it with other,

[bitgolden]

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?

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.

Advancement of AI is wildly unpredictable in many other fields hence you can expect that AI to do magic in trading as well. But, how quickly you adapt it and make use of it in trading will influence your success rate. Because, when more traders will be adapting AI driven strategy into their trading, market will become more competitive and you may start missing out your edge toward profit-booking.

Even your review will be honest, I am not interested to check when new people work for affiliation benefits. Still I agree this world works this way. Moreover, I will not mind a review from an affiliated who is high rank member of this community. You may need more such efforts to build your trust then people will not bother your affiliations.

[EarnOnVictor]

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

I've not used the present-day AI for trading, but when it comes to enough bots on the MT4 trading platform, yes, I've used it, and I've also followed the reviews and daily updates of some people who tested them for years on a verifiable platform.

Verdicts: 1. It's either they fail woefully, or
2. They earn you profits and fail later, or
3. They continue to gain and lose to the point that you have no tangible thing to celebrate for a very long time.

[GiftedMAN]

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.

So we should take this as a warning that if AI helps us according to the previous market, it may not be useful for us.

Artificial intelligence is still on the development stage and as time goes on we could see more of it especially in the trading aspect. So many people want to see their boy making money for them but some just see it as a fantasy. The market keeps changing everyday and that has made the crypto market speculation more difficult to predict accurately even though you have done your own analysis.

[Oluwa-btc]

Using AI for trading can be effective but obviously not something to rely on.AI isn't perfect but it's helpful for immediate and effective recommendations.It can make AI more efficient,it's a tool that needs to be completely activated.

[Crypto Library]

Artificial intelligence is still on the development stage and as time goes on we could see more of it especially in the trading aspect. So many people want to see their boy making money for them but some just see it as a fantasy. The market keeps changing everyday and that has made the crypto market speculation more difficult to predict accurately even though you have done your own analysis.

Actually, no matter how much we talk, the final word of all the words will be one thing, that is, do your own analysis before making any investment.
There is no way to avoid this, no matter how much development artificial intelligence has in the future, it will never reach the stage where it will automatically trade on its own and make the trader profitable all the time. Yes, we currently see many promotions where it is said to profit in trading using artificial intelligence. However, I don't think it will be of any use if we have zero analysis knowledge here. Rather, it will be the opposite.

[freedomgo]

I agree with you, but I would also like to say that the crypto market or trading market is not always the same character, it is constantly changing, like this time, if we talk about the bitcoin halving, before it was about a year after the bitcoin halving, bitcoin made its all-time high price. But this time we saw that bitcoin made a new all-time high price of the coin before the halving.

So we should take this as a warning that if AI helps us according to the previous market, it may not be useful for us.

There are many AI assistants in trading that can be used, one of which can be a bot to determine entry and close positions. Using an AI assistant if it is understood correctly, may provide a different perspective for us in seeing market trends. Just as you said, the market is always changing, with data that is always updated, there will be changes in the character of the AI. But, we also need to remember, relying too much on AI is also not good, but to help analyze market predictions more deeply, it can also be used at any time. not to 100% trust what AI provides, but to be used as a tool to help before making a decision.

They can be a helpful tool, but they will never guarantee a profitable outcome. I suggest, while you are trying to comprehend from those trading bots, make use of your own knowledge and experience as well because the success of your trades do not rely much from using AI, but from your own concept and perspective as a trader. That’s why you have to be a sufficient and reliable trader in the first place.

[masulum]

They can be a helpful tool, but they will never guarantee a profitable outcome. I suggest, while you are trying to comprehend from those trading bots, make use of your own knowledge and experience as well because the success of your trades do not rely much from using AI, but from your own concept and perspective as a trader. That’s why you have to be a sufficient and reliable trader in the first place.

There is no indicator or single tool that will guarantee a profit for trader. All of them just tools to help determine the trend before making a decision. If anyone thinks that Indicators and AI are a guarantee for profit, then they are in the wrong position in understanding how AI, Bots and Indicators work. That is why pro traders always remind us to always to set a stop loss, this is to avoid any trend reversal in market.

[Olatundespo]

They can be a helpful tool, but they will never guarantee a profitable outcome. I suggest, while you are trying to comprehend from those trading bots, make use of your own knowledge and experience as well because the success of your trades do not rely much from using AI, but from your own concept and perspective as a trader. That’s why you have to be a sufficient and reliable trader in the first place.

There is no indicator or single tool that will guarantee a profit for trader. All of them just tools to help determine the trend before making a decision. If anyone thinks that Indicators and AI are a guarantee for profit, then they are in the wrong position in understanding how AI, Bots and Indicators work. That is why pro traders always remind us to always to set a stop loss, this is to avoid any trend reversal in market.

It is more important for traders to follow this method of trading. I am talking about stop loss sale that you mentioned. If traders follow the recommendations you have given, the chances of losing capital will be reduced to a large extent. Suppose someone has bought crypto from the market but is losing money compared to making a profit from it then you decide to sell at a loss which is a sign of losing capital for you. I firmly believe that if a trader can stay away from stop loss sales he will be able to profit in a very short time and become a good and experienced trader. Although this type of strategy is not easy because most traders have short-term strategies but due to the decrease in UP he fails to recover quickly so he is affected by FOMO.

Professional traders also recommend something else, such as continuing to buy regularly. If a newbie trader buy crypto and the price drops he should continue to accumulate regularly even in small amounts because regular accumulation tend to reduce the UP of that crypto and this method is a great one for those traders.

[Perfectbaby]

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

I do not support or encourage anyone to trade with AI either entirely relying on AI to execute trade for them. I think the only things that I see that are very good with IA is that they can assist you whenever you are inactive for period of 1-3 hours and this involves helping you to make control the trade for the period of inactive, they helps monitors how the market move but I wouldn't encouraged any to entirely focused on any tools to make trading or analyzing the market using that any tools, most times they could give out fake data since those information are being sourced by humans as well, they could includes information that are not correct or verified.

[goldkingcoiner]

These days, we've been seeing a lot of AI assistants in trading — tools that can analyze the market in seconds, place trades, and even advise on stop-loss and sell orders, just like the one mentioned by this Twitter KOL:
http://Https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu\_mW42M39F8NZw\&s=19

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?

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?

When it comes to trading bots, I have no idea since I would not trust any AI bot to automate/handle my trading for me. Call me old fashioned but one small tiny glitch or bug and it will grind your money down into nothing and by the time you notice, it could be too late. So that is not something I want for myself.

But when it comes to using AI as a tool, then that is something I can condone, because that is exactly how I use AI for my trading. It can gather good FA/TA but I make my own comparisons with the data it gives me.

The data is good but not as up-to-date as I would like it. Also, it sometimes hallucinates. So blindly trusting the AI is not a good idea.

[Natalim]

Using AI for trading can be effective but obviously not something to rely on.AI isn't perfect but it's helpful for immediate and effective recommendations.It can make AI more efficient,it's a tool that needs to be completely activated.

Using AI will only be effective if you, yourself as a trader is efficient as well. The big part still lies on the trader’s performance and behavior, AI is only a helping tool. However, if you are still a beginner trader, I won’t suggest using AI immediately because it will still be useless without your personal knowledge and skills on trading. Develop yourself first prior to adopting AI on your trading journey.

[Jegileman]

I have not used AI for trading before and the reviews I’m hearing from those that have used it or have analysed it is not encouraging. Trading assistant can be very difficult to predict because themselves cannot predict the actual outcome of a market and their analysis is based on past records which cannot be so accurate all the time. It is better you learn how to trade yourself, better yourself and hope for good outcomes as you encourage yourself towards making sure you achieve your aim at trading. Let AI be your assistant in trading but not your final option to go for when taking trades based on the results it has provided to go with.

[finaleshot2016]

I have not used AI for trading before and the reviews I’m hearing from those that have used it or have analysed it is not encouraging. Trading assistant can be very difficult to predict because themselves cannot predict the actual outcome of a market and their analysis is based on past records which cannot be so accurate all the time. It is better you learn how to trade yourself, better yourself and hope for good outcomes as you encourage yourself towards making sure you achieve your aim at trading. Let AI be your assistant in trading but not your final option to go for when taking trades based on the results it has provided to go with.

AI can't predict market's movement due to global issues, they're just based on the fundamentals. If an AI can comprehend any global news, then I think it'll be a game-changer AI assistant for trading.

That's the reason why market right now is very unpredictable 'cause every movement is not based on the book, there are new ways to analyze trends and there are patterns developing due to market's unusual trendlines due to market manipulation.
Well, it's fine to use AI just for the basics but I think combining AI and you could be a good way to trade, at least making the fundamentals easy and your decisions depends on AI and global status.

[_BlackStar]

-snip-

There is no indicator or single tool that will guarantee a profit for trader. All of them just tools to help determine the trend before making a decision. If anyone thinks that Indicators and AI are a guarantee for profit, then they are in the wrong position in understanding how AI, Bots and Indicators work. That is why pro traders always remind us to always to set a stop loss, this is to avoid any trend reversal in market.

Of course - indicators or anything else are just tools, not determinants. Market players are the best decision makers regardless of the indicators they use - relying on certain indicators is fine, but decisions must be made independently and fully responsible for the consequences.

I don't use any AI indicators or anything like that - so I never really know how it works and how it can increase profits for traders. Someone could probably share some information on how AI trading assistants work to increase traders’ profits instead of just blaming them entirely. But anyway - the general strategy in trading is to never forget about stop loss.