Post
Topic
Board Trading Discussion
Re: ChatGPT and Trading
by
hd49728
on 13/02/2023, 02:57:18 UTC
ChatGPT can only furnish the trader with topics related to market analysis, trading strategies, and how to manage risks. It is incapable of making investment decisions or trading. The trader must take the knowledge provided by the resources and make an informed decision. Also, despite the answers you may get from ChatGPT about economic indicators and other things that may affect traders, it will never replace solid financial advice from a certified advisor.
ChatGPT search, train itself with available resources but it does not know everything. In addition, you can not trust a bot for your money. If you seriously consider investing or trading is your job, not a game to play, you would be more careful with your decisions and would not trust trading bot, AI bots like ChatGPT.

Those bots can give you good learning answers, documents but to apply these for my funds, I am so doubtful that it is safe and wise.

It is trained by people so it is not smarter than people. The cost to use the bot is cheaper than subscribing good education course so maybe people will like ChatGPT than official courses and find advises from good tutors and educational trainers.