I have been reading many posts on copy trading and then I got interested with the subject of crypto trading using AI. As we know, there are now "automated software applications designed to execute trades in financial markets, including stocks, commodities, and cryptocurrencies."
Surely, many would be interested to take advantage of this opportunity as we know that people really love passive income with minimal investment of time and effort. Or would this be just another hole in the dark that will suck away people's money to oblivion?
What can be your opinion on using AI in crypto trading...is it as risky as copy trading and will it be effective in churning out profits which is all what we really want in the first place?
To be honest with you, I didn't trading with Ai will turn out to become any thing special in any way, and this is because trading is often all about being able to predict correctly, the future price movement of an asset, Ai same way as humans will only try to guess which way the price of an asset will go based on previous data available to it, and maybe also based on the hype that is surrounding the asset, but in the end, this is still simply a guess and there is no way for Ai to be extremely certain or sure that it's production will be 100 percent correct.
I still believe that using our human power and ability to first hand information as regards the currency market, would still in the long run be more profitable to us than relying on Ai to trade for us.
This is my opinion on this topic, and I still stand to be corrected just Incase there is something important I missed about Ais.