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Whether you are writing a best man speech or creating a powerpoint presentation for your boss, you’re probably using artificial intelligence (AI) to get time-consuming tasks done better and faster. So why not use it to improve your trading too?
Let’s look at what the main advantages are of using AI in your trading and how to go about it even if you have no coding knowledge or prior financial experience.
Advantages of Trading with AI
- More Data, Deeper Insights. Arguably the number one benefit to trading with AI is that it can process more, and do more with the data it processes. It can analyze millions of data points, at lightning-speed from every corner of the internet, to identify otherwise invisible market patterns and emerging trends. Traders can then use those insights to make more informed decisions, based on a 360° view of market conditions that includes data ranging from social media-based market sentiment to financial reports, price histories, global news, economic indicators, regulatory updates and more.
- It All Comes Down to Timing. Machines work faster than people and in trading, getting your timing right is crucial. High-frequency AI trading systems can execute multiple simultaneous trades, across asset-classes and time-zones, all within a heartbeat. The AI will never tire, trading 24/7, exploiting fleeting price inefficiencies and other short-term opportunities, ensuring no potentially profitable window is missed.
- Feeling Zen? Who Cares?. How are you feeling? Afraid of missing out, a little impulsive, eager for a big payday, scared of a sudden market shift? With AI it really doesn’t matter. A bot will operate based on pre-programmed strategies and risk parameters making for disciplined, unbiased trading. This means better performance and more consistent profits.
- See Around the Corner. AI is exceptionally good at predictive analytics. Today’s advanced machine-learning algorithms can identify patterns and possible breakouts or reversals with amazing precision. This means traders are able to forecast market movements, and anticipate the impact of global economic events with pinpoint accuracy.
- Agility and Adaptability. While it’s common for a trader to find a strategy that works and then stick to it regardless of shifting market conditions, a sophisticated AI bot will automatically adjust risk parameters and strategies to suit an ever-changing market reality.
Machine-learning capabilities enable trading algorithms to learn from every new piece of information they receive and each action they take, continuously improving performance.
With all these advantages, it’s no surprise that a recent Chicago School of Business study found ChatGPT to be more successful than human analysts, when tasked with predicting future earnings of 15,000 US companies, based on analysis of the financial statements they issued to the stock market.
Obstacles to Trading with AI
As we can see, there are a number of advantages to trading with AI. However, there are also some challenges facing retail traders hoping to get on board with this game-changing technology.
To start with, the most sophisticated AI software, used by top institutional investors can be prohibitively expensive and beyond the reach of regular retail traders. Also, it can be quite complex to use. Many AI trading platforms require users to program their own strategies. The algorithm will place orders, based on certain triggers, but the user will need coding capabilities to instruct the AI. In addition, even those AI’s that do not involve programming knowledge require a fair amount of financial knowhow, as users still need to analyze data, as well as select the risk parameters and trading strategies that the AI will implement.
The Advanced AI Accessible to Everyone
This is where AlgosOne.ai enters the picture. It is a free licensed, EU authorized trading platform that uses generative AI, large language models (LLMs) and proprietary deep learning algorithms to trade. The AI handles everything, including which asset to trade, whether to buy or sell, how much to invest, when to enter and exit, and which risk parameters to implement. The user just signs up, deposits funds and then gets on with their day – no coding or strategy building required. It’s fast, simple, and effortless.
AlgosOne’s affordability is enhanced by the fact that all trades are executed completely free and profits aren’t eroded with registration, subscription, inactivity, deposit or transaction fees. The single charge is a commission fee, which only needs to be paid on trades that resulted in a profit. In addition a percentage of the investment amount is returned in compensation on losing trades.
The money from commissions goes into maintaining the balance of the reserve fund, which provides client account protection in case of a hack, fraud, technical failure, market collapse, or the company going insolvent. Clients can also feel reassured regarding the security of their funds, because of the comprehensive risk management protocols. The AI implements hedging, diversification across multiple asset classes, caps on trade size, stop loss and take profit orders, as well as 24/7 market monitoring and AI oversight by human risk management professionals. It also invests more heavily in high probability trades to protect client capital in all market conditions.
Every second, the algorithm is tracking price movements, adjusting risk parameters and using its deep learning capabilities to keep improving profit margins. The AlgosOne AI is self-correcting, learning from every action it takes, so it keeps getting better at forecasting.
AlgosOne will also soon be introducing an additional revenue stream. The presale of AlgosOne’s native AiAO token is launching next quarter. Capital appreciation is assured with a minimum 50% price rise at each presale stage, and AlgosOne’s guarantee to buy at least $100M worth of tokens during the public sale. The AiAO token will serve as a governance token but also provide actual ownership of the AlgosOne AI.
Dividends, tied to AlgosOne revenues, will be distributed quarterly or monthly directly to the token holder’s accounts. The token will also provide decision making power over the future of Algosone.ai. More tokens mean more dividends and a bigger vote in the direction of R&D and the prioritization of new projects.
AlgosOne exemplifies how artificial intelligence offers a world of benefits for traders, ensuring greater insights, faster execution, as well as advanced predictive analytical capabilities. Ready to give AI trading a go? Sign up in seconds, for the AlgosOne 14-day trial. It’s stress-free, and effortless even if you don’t have any programming or trading experience, with no financial commitment.
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2024-08-21 12:35:53