Can AI Excel in Trading? Expert Weighs In

[lepbagong]

There are a lot of AI projects that are being made and to answer this easily. If someone is able to develop and AI to do all of the trades and analyses then we'd all be rich. But then, I am thinking that those developers won't sell those AI that they have developed but if they do. It only means one thing then there's really no AI that can be used for trading. But automated trading is there but for things like analyis and chart reading for making one's trade profitable, that's almost but not gonna happen.

What you said is very true. If indeed there is someone who is able to develop AI to do trading and analysis, of course, many will be rich if what is predicted is true. I agree. Clearly, the developer if he knows that it is useful, then he will use it himself and will not give it to others, because who doesn't want to be rich from the results.
I think it will not be possible to be able to read and analyze well so that it can be profitable, and it can be said to be almost impossible.

[TomPluz]

There is now no denying that AI is one of the game-changing technology that is coming to humanity in this era and it is slated to revolutionize many industries...and of course many of us are thinking if AI can replace humans in trading. Imagine if you can employ AI 24/7 doing the trading for you and will be churning out profits in your behalf anytime anywhere. That would be one of the pinnacles of passive income. But of course, nothing can totally replace human intelligence and involvement therefore we should see AI as a very effective tool that we use for our advantage if done right. I think there is a big reason why this is called as ARTIFICIAL intelligence and because it is...

[Baofeng]

There are a lot of AI projects that are being made and to answer this easily. If someone is able to develop and AI to do all of the trades and analyses then we'd all be rich. But then, I am thinking that those developers won't sell those AI that they have developed but if they do. It only means one thing then there's really no AI that can be used for trading. But automated trading is there but for things like analyis and chart reading for making one's trade profitable, that's almost but not gonna happen.

Isn't it we already have trading Bots for that? But maybe AI could really be the next iteration as it will surely automate everything and there are gong to be no emotions and it will just base on what the graph are saying.

As compare to us when we have emotions and maybe there is something wrong and so we will not trade at all but in the end, the price of that particular goes up, making us regret our decisions.

[Faisal2202]

Imagine leaving humans out of the scene and just watch AIs trade against other AIs, it would be fun to look at portfolios from each side to confirm their so called efficiency and accuracy. 80%? Good luck with that. However, I listen to someone that said anything that requires human intelligence now could be replace. Maybe there's truth to that.

Haha that would really be fun and the they would be playing with people's money haha BTW 80% is still good. Human intelligence can easily be replaced with AI as there are many gears and wears that we can use to enhance our human intelligence as it is combined with AI then. I have seen many companies making robots with most of the human muscles given to them I means what in the world we need those.

Still I am okay with a bot who is good in analyzing crypto but to be honest I consider it a vaporware a new word I just learned hehe.

[lepbagong]

There is now no denying that AI is one of the game-changing technology that is coming to humanity in this era and it is slated to revolutionize many industries...and of course many of us are thinking if AI can replace humans in trading. Imagine if you can employ AI 24/7 doing the trading for you and will be churning out profits in your behalf anytime anywhere. That would be one of the pinnacles of passive income. But of course, nothing can totally replace human intelligence and involvement therefore we should see AI as a very effective tool that we use for our advantage if done right. I think there is a big reason why this is called as ARTIFICIAL intelligence and because it is...

It is true what you said that it is hard for us to deny that AI is a new technology that is coming and can be used to solve many problems.
But I also doubt what AI will do to replace humans in trading. Of course, if it can be done with unlimited time, AI can be done, it could benefit the user, but will it be accurate? Of course, it would be questionable because I have not heard any news about this.
Agree, that AI can be used as a very effective tool if it is used correctly and does not violate any existing rules, as an artificial intelligence tool.

[albon]

Whether you're a day trader, swing trader, long term investor or just starting out AI trading bots have something for everyone. The world of trading has been completely reshaped by AI, and the year 2023 has brought forth the most advanced and profitable AI trading bots. These bots with their extensive data analysis capabilities and automated trading strategies have become essential tools for both novice and experienced traders. They offer streamlined solutions for portfolio management at risk mitigation and profit maximization.

[joniboini]

I believe that for AI to excel in trading and achieve an accuracy of at least 80% consistently, significant investment in AI projects like $OCEAN, $FILECOIN, $FET, and even the new but solid project, $MyShell, is necessary.

I mean if someone wanted to spend loads of money to make a very accurate bot, wouldn't they want to monopolize it instead? They would get a bigger pie if they could be a bit more patient with the process. Maybe they can earn more by launching tokens, but if the market doesn't think your token is attractive I don't think you'll earn much from there. I don't have any data to back me up but surely if you're guaranteed to turn your capital into profits most of the time most people would keep the secret.

[lepbagong]

Whether you're a day trader, swing trader, long term investor or just starting out AI trading bots have something for everyone. The world of trading has been completely reshaped by AI, and the year 2023 has brought forth the most advanced and profitable AI trading bots. These bots with their extensive data analysis capabilities and automated trading strategies have become essential tools for both novice and experienced traders. They offer streamlined solutions for portfolio management at risk mitigation and profit maximization.

Of course, what you inform you about AI trading bots is very interesting if the accuracy can be used as a basis for carrying out all activities, especially in trading with crypto.
It is certain that this is very interesting if there are certainly many who will use this AI trading bot.
Because everything can be presented to be used directly, I have not yet received news about Crypto, whether this is included with what you say or globally.

[Gposas]

Initially when I first got to know about the Trading Bot, I felt it's work made easier because advert shows how reliable these bots are... But getting to use the bots, I even preferred trading by own self because I was feeling that the bot wouldn't make much loss.
After seeing loses from the bot for like 3 consecutive trades, I just understood that there's no short-cut in trading, if as a trader you lack the essential knowledge... You're bound to loss trades whether you're making use of Bots or any other tool.
If there'll come the AI-Trader I guess it'll be fun but no matter how intelligent these AI could be they'll still make losses.

[Crypto Library]

Initially when I first got to know about the Trading Bot, I felt it's work made easier because advert shows how reliable these bots are... But getting to use the bots, I even preferred trading by own self because I was feeling that the bot wouldn't make much loss.
After seeing loses from the bot for like 3 consecutive trades, I just understood that there's no short-cut in trading, if as a trader you lack the essential knowledge... You're bound to loss trades whether you're making use of Bots or any other tool.
If there'll come the AI-Trader I guess it'll be fun but no matter how intelligent these AI could be they'll still make losses.

I think AI can only help you just as an tools for providing data even we saw many times it provides wrong information also.
Although I also think even for using AI in trading the personal must have trading knowledge as well also knows the market psychology otherwise blindly depending ai will bring just lost. So Ai is not a solution for doing trading, trading must need human psychology touch.

[Z-tight]

So Ai is not a solution for doing trading, trading must need human psychology touch.

Some people want AI to do everything for them, it is making so many people lazy and they don't want to put their brains to work. AI is great and it is here to stay, but it should be utilized in the right way, don't put your brain to rest and hope it does all the work for you.

[LogitechMouse]

Right now, AI still isn't capable of doing it, but with how rapid the development around AI is right now, I will not be surprised if there will be a time where we can use AI to increases our chances of winning in trading.

As for me, I still believe that humans are more capable to make better decisions than AI when it comes to trading. I might not be an expert in trading, but I don't want to rely on some robots to make my trades. AI might help you make better decisions, but it will not be a do-it-all thing and you will just sit there, watch Netflix and see your portfolio growing. At the end of the day, we still need to be hands-on in trading, but AI can help us in terms of decision making.

[bitterguy28]

As for me, I still believe that humans are more capable to make better decisions than AI when it comes to trading. I might not be an expert in trading, but I don't want to rely on some robots to make my trades. AI might help you make better decisions, but it will not be a do-it-all thing and you will just sit there, watch Netflix and see your portfolio growing. At the end of the day, we still need to be hands-on in trading, but AI can help us in terms of decision making.

i think ai can only be helpful in gathering data and analyzing patterns but the interpretation should still come from yourself because ai sometimes can't see the bigger picture and ends up making decisions that you might not agree with you are right that right now ai's purpose and ability are limited and humans still have a lot of advantage over ai as long as you have knowledge and expertise in trading but in the near future humans would also be able to improve ai tech so we should watch out for it in the future but not today

[lepbagong]

So Ai is not a solution for doing trading, trading must need human psychology touch.

Some people want AI to do everything for them, it is making so many people lazy and they don't want to put their brains to work. AI is great and it is here to stay, but it should be utilized in the right way, don't put your brain to rest and hope it does all the work for you.

It is really agreed with what you say that we don't always have to entrust everything we will do to AI, because we are given thoughts to being able to solve what we might be able to finish. Only in a scent situation can we ask AI for help for the purpose of only helping not to be able to solve all the problems we face.
Because if all problems are delegated to AI, then we will not have an effort to think and it will certainly make us no longer creative.

[LogitechMouse]

As for me, I still believe that humans are more capable to make better decisions than AI when it comes to trading. I might not be an expert in trading, but I don't want to rely on some robots to make my trades. AI might help you make better decisions, but it will not be a do-it-all thing and you will just sit there, watch Netflix and see your portfolio growing. At the end of the day, we still need to be hands-on in trading, but AI can help us in terms of decision making.

i think ai can only be helpful in gathering data and analyzing patterns but the interpretation should still come from yourself because ai sometimes can't see the bigger picture and ends up making decisions that you might not agree with you are right that right now ai's purpose and ability are limited and humans still have a lot of advantage over ai as long as you have knowledge and expertise in trading but in the near future humans would also be able to improve ai tech so we should watch out for it in the future but not today

That's true... for now.
AI really is helpful in gathering data and analyzing patterns, but over the months or years, I will not be surprised if there will be somebody that will make trades with AI.

What I mean is that AI will gather data, analyze everything and will give you a good entry price, stop loss and take profit as well based on those data. It will up to you if you will enter that trade or not. It will be up to you if you will trust AI with your money or not. TBH, there might be some traders out there that are already doing what I said, but they're doing it behind closed doors. Whatever the case is, I'm leaning towards the fact that AI will do MOST of what experts are doing manually.