Do AI trading assistants make trading easy?

[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?

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.

You need to have a basic knowledge about crypto for you to successfully use AI assistant, that's my take.. hey mate, you can checkout reviews from Getagent or even explore the function yourself.. you can apply for ref code and be a beta tester. You can use it to analysis memes, alts literally every coin with added functions even

[Mame89]

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.

While using AI can assist us in trading or in making decisions, we should not rely too heavily on this tool for decision-making, as this technology is not always accurate. Therefore, use this technology only as a supplementary reference before making a decision.

For example, searching for historical information about previous BTC halvings or other information related to the asset we want to trade using this technology will be faster, but we still need to conduct our own analysis. Once we have both, we can combine them to help us make the best trading decisions. In fact, anything that can improve our trading knowledge is worth trying, but ultimately, when making decisions, we must prioritize our own analysis.

[Z_MBFM]

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.

Yes, AI is gradually being used and AI is performing well in all sectors. New AI models are being developed all the time and many sophisticated features are being added to them, due to which AI is gradually becoming more and more powerful. AI can certainly make trading much easier by helping a trader in various ways. Many AI trading bots have already been developed that are capable of automatic trading. But yes, they should never be used directly. It is best to analyze various things through AI and then trade manually. Because in this, one's experience increases more and one can gradually become more expert in trading. In this case, it is now possible to become an expert in trading with much less loss than before, in order to learn from various mistakes.

[Crypto Library]

While using AI can assist us in trading or in making decisions, we should not rely too heavily on this tool for decision-making, as this technology is not always accurate. Therefore, use this technology only as a supplementary reference before making a decision.

For example, searching for historical information about previous BTC halvings or other information related to the asset we want to trade using this technology will be faster, but we still need to conduct our own analysis. Once we have both, we can combine them to help us make the best trading decisions. In fact, anything that can improve our trading knowledge is worth trying, but ultimately, when making decisions, we must prioritize our own analysis.

I completely agree with you that when it comes to information or data gathering, this artificial intelligence can be a great tool, but when it comes to the ultimate stage of decision making or analysis, it is not wise to rely solely on artificial intelligence.

And in the current context, I think this would only be done by those who depend on other people's signals and trade hoping to get rich quick. I think professional traders will use AI only as an information gathering tool to accelerate their analysis, but they will make the decisions themselves.

[HONDACD125]

While using AI can assist us in trading or in making decisions, we should not rely too heavily on this tool for decision-making, as this technology is not always accurate. Therefore, use this technology only as a supplementary reference before making a decision.

For example, searching for historical information about previous BTC halvings or other information related to the asset we want to trade using this technology will be faster, but we still need to conduct our own analysis. Once we have both, we can combine them to help us make the best trading decisions. In fact, anything that can improve our trading knowledge is worth trying, but ultimately, when making decisions, we must prioritize our own analysis.

I totally agree with that. I wonder how some people use bots to automate their whole trading scene, add funds for them to manage and all, because I would never be able to do that because I don't trust these tools and stuff that much. I believe that if I have time and knowledge, I will do my trading myself, and if I don't, I had better let it go, and will do it when time permits instead of entrusting my funds to an AI or a bot that would do everything with automated commands, because I know it can mess everything up, and then you come back later to find out that you have nothing left in your balance.

For me, trading is something that should be done by a person themselves. If you do it that way, you will have more confidence and you will probably do it better than an automated bot, because the bot will only follow patterns and commands you've set, it doesn't have a brain to think and improvise, but if you are doing it yourself, you can always do that, and market sometimes demands a little change in the strategy.

[Russlenat]

With this kind of question, I guess the answers vary based on our own trading experience. But as for me, I don’t see any essence for AI trading assistant because first and foremost, I don’t do trading and rely on AI. I do my own fundamental and technical analysis, so I end up trading following my own, not through AI or whatsoever.

So far, the outcome is good. But maybe for beginners this AI can serve as a guide, but shouldn’t be reliable enough if you aim for maximum outcome when trading.

[YOSHIE]

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

Al did not make you successful in crypto trading, remember that.

Logic if Al works optimally and perfectly in carrying out trading activities in the crypto market, maybe today you no longer see the crypto trading site, everything is out of business and closed, it thinks logically.

We are aligned with artificial intelligence, meaning that the intelligence that exists and is owned by Al is already in the program/artificial, here can be concluded that Al knows that have occurred after humans trading, Al never knows that have not yet happened.

Al will never know the movement down and rise when you trade, Al knows after you do it, If you succeed Al will say that and if you lose Al will also say that loss. 

[taufik123]

-snip-
So far, the outcome is good. But maybe for beginners this AI can serve as a guide, but shouldn’t be reliable enough if you aim for maximum outcome when trading.

The results are good for some basic knowledge and not for the main guide of a trade, as some of the wrong data may be possible for AI.

AI is an assistant that can be used quite well but do not continue to depend on AI.
The best trading is to learn independently how to conduct technical and fundamental analysis and maximize the information provided by AI.

[lizarder]

You need to have a basic knowledge about crypto for you to successfully use AI assistant, that's my take.. hey mate, you can checkout reviews from Getagent or even explore the function yourself.. you can apply for ref code and be a beta tester. You can use it to analysis memes, alts literally every coin with added functions even

If I may ask what kind of basic knowledge you mean, artificial intelligence like AI can indeed help someone analyze coins they want to trade, but when it comes to drawing conclusions, you also need knowledge. Analyzing any coin can be done even without using AI, so it depends on our knowledge, and perhaps some people use AI as a supplementary resource before making trading decisions.

If trading relies entirely on AI, I'm sure there will be times when conditions don't work out according to our strategy. In such situations, wise decision-making is necessary to minimize the much greater risk of losing significant money in trading. Its use is good as long as you also test it first so that decisions can be based on thorough analysis when making decisions.

[AYOBA]

AI trading can only analyze the market and make it easier for people who want to trade as well as those who find it difficult. Because the AI is just an artificial intelligence that can make you feel good about what you’re doing and the things you’re trying to access to work, the basic knowledge is the main key to success.

The AI system can only help us and direct us towards how the trading process works, and that’s why we can see that the AI can analyze the best way to achieve success without being distracted or confused; it gives the best results for the market.  AI is where traders get contributions to what they have learned so far in the technical field.

[Hyphen(-)]

Imo So should be used as an assistant, not as a dependant. Anyways you've said it all, I'm guessing you're a trader. I am a trader so I believe I'll start exploring AI now, starting with the one the kol talked about.. might be fun for me, but I'm never relying fully on it..

Exactly! Using AI as trading assistant is very good, it will make trades easy for you because I think it will work based on your command, but relying on AI to make decisions for your trades is very risky, they can use some strategies that might not be suitable for your trades at that moment and will affect you as a trader.

AI trading can only analyze the market and make it easier for people who want to trade as well as those who find it difficult. Because the AI is just an artificial intelligence that can make you feel good about what you’re doing and the things you’re trying to access to work, the basic knowledge is the main key to success.

The AI system can only help us and direct us towards how the trading process works, and that’s why we can see that the AI can analyze the best way to achieve success without being distracted or confused; it gives the best results for the market.  AI is where traders get contributions to what they have learned so far in the technical field.

The AI trading you are referring to is not reliable because they can make wrong trades for you if you totally rely on them; using AI as assistant will be the best in this aspect because you will be the main trader that decides based on your analysis, the AI will just be of help with your data to make the trade as fast as possible.

[GigaBit]

The use of AI has increased greatly in recent times and its scope has now spread to all levels. The use of AI in trading has been seen for a long time, but recent AI have the ability to trade with more intelligence. Although I support trading with AI in the short term, I will ignore it in the long term. Maybe the use of AI that you mentioned may not have been used by many yet, but with the change of time, ordinary traders will also do the same and the results of trading as effective as they were at that time will not be possible in the future. But if you can use your own judgment and analysis and use your own skills, it is possible to make relatively good profits. I am personally not interested in using AI but i think a good AI can be effective for some times those who want to conduct short-term trading activities.

[mirakal]

The use of AI has increased greatly in recent times and its scope has now spread to all levels. The use of AI in trading has been seen for a long time, but recent AI have the ability to trade with more intelligence. Although I support trading with AI in the short term, I will ignore it in the long term. Maybe the use of AI that you mentioned may not have been used by many yet, but with the change of time, ordinary traders will also do the same and the results of trading as effective as they were at that time will not be possible in the future. But if you can use your own judgment and analysis and use your own skills, it is possible to make relatively good profits. I am personally not interested in using AI but i think a good AI can be effective for some times those who want to conduct short-term trading activities.

AI is good for learning purposes, especially for beginners. It helps a lot to decide from AI recommendations. AI technology is no longer ordinary stuff this time. It is more intelligent and leveled up than before and widely used by many. But yes, as we trade, it doesn't mean we have to rely more on this than on ourselves. I agree that in the short term it was beneficial to use, but I don't think it was effective in the long run. For me, AI remains an option, not a main tool to rely on.

[Alphakilo]

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?

No.

While AI may be efficient in other use cases in trading I do not think that they are that efficient. And if the person is new to trading, please don't use AI. You will not learn anything and what happens the day the AI doesn't work? You see my point?

I also think that there is something like AI dependent where AI is employed in cases like this but no real learning is done. And I feel that AI is almost like garbage in and garbage out.

An improvement in once profit is dependent on the individuals strategy and not AI.

[Shawheer Khan]

The use of AI has increased greatly in recent times and its scope has now spread to all levels. The use of AI in trading has been seen for a long time, but recent AI have the ability to trade with more intelligence. Although I support trading with AI in the short term, I will ignore it in the long term. Maybe the use of AI that you mentioned may not have been used by many yet, but with the change of time, ordinary traders will also do the same and the results of trading as effective as they were at that time will not be possible in the future. But if you can use your own judgment and analysis and use your own skills, it is possible to make relatively good profits. I am personally not interested in using AI but i think a good AI can be effective for some times those who want to conduct short-term trading activities.

AI is good for learning purposes, especially for beginners. It helps a lot to decide from AI recommendations. AI technology is no longer ordinary stuff this time. It is more intelligent and leveled up than before and widely used by many. But yes, as we trade, it doesn't mean we have to rely more on this than on ourselves. I agree that in the short term it was beneficial to use, but I don't think it was effective in the long run. For me, AI remains an option, not a main tool to rely on.

I Don't think you can trust AI to make trades for you as it's
extremely risky. How can you expect Ai to make decisions that many experts that have spent years gaining knowledge cant make with 100% assurity. Surely you can take some help from Ai. Like monitor your charts when you can't be active or give you some tips about indicators on how they work etc. But Your Trades shouldn't rely on An Ai assistant Totally because markets are not always logical they are influenced. An Ai can Shut Down At Any Moment and Hurt The Capital. Ai should be used as an assistant not a decision maker. Ai + manual confirmation is the only way to Go.

[pawanjain]

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?

AI is good for reference but you should know all the analysis that we do is just about probabilities and speculation.
So we should not completely rely on AI to take our decisions especially when money is involved.
AI is just there for assistance, we can surely use it for research purpose as it gives us valuable data conveniently but we should be solely responsible for our trades.

[justinlamode]

AI can be very helpful in trading as it can predict pattern that are repetitive and can also be synchronised with economic data to make informed decision. Just that it is a little technical to implement and requires a lot of testing and practice before being deployed. I'm still working on this to be able to profit from the market

[ScamViruS]

AI can be very helpful in trading as it can predict pattern that are repetitive and can also be synchronised with economic data to make informed decision. Just that it is a little technical to implement and requires a lot of testing and practice before being deployed. I'm still working on this to be able to profit from the market

This will actually be effective in the market for a while, because those who move the market also know how traders will start trading using AI. You can't really get good results from the market for a long time by being overly dependent on anything, you have to change your strategy over time. Because market makers also know how AI will work in the market and they will also do a lot of research on that topic to find strategies on how to confuse traders.

So I think AI should be used to further improve your trading knowledge, instead of being overly dependent on AI. An experienced trader knows how to predict the next move in the market trend, so there is no other option but to improve your trading skills, AI will help you, but it will not give you the same results in the long run.

[tygeade]

AI can be very helpful in trading as it can predict pattern that are repetitive and can also be synchronised with economic data to make informed decision. Just that it is a little technical to implement and requires a lot of testing and practice before being deployed. I'm still working on this to be able to profit from the market

That is what it is lacking at the moment. What people need to realize is that openAI spent maybe near 100 billion dollars, on not only servers to hold all the data they are feeding chatgpt, but also all the GPU power they need to make chatgpt work at the same time as well, not making any profit meanwhile, even with premiums and such, they are not making a profit and they are using this much money, and yet the end result isn't even that great, go talk to it and you will see chatgpt isn't even that great yet, even though it is the most advanced one.

However, if you want a trading helper, imagine how much data and how much work that needs to go into it, for you to make profit, it would not be simple. Can it be done? In theory it can be, but it would require years and billions of dollars and a dedicated team working on improving it.

[|MINER|]

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?

If I observe it from a general point of view then I have to say that since Artificial Intelligence is contributing to all other sectors to make things easier, I would say that it will help in the world of trading as well. However, this help cannot be expected in such a way that it will analyze and make predictions completely so that you will have no more responsibilities.

Rather, I will say here that AI will only make the work easy for those who basically know about trading analysis and have experience. AI will be scary for those who will go to trade with AI with zero analysis knowledge.