Hello,
Has anyone used ChatGPT for trading?
Thank you so much.
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.
Experienced traders are still more reliable when it comes to trading strategies compared to ChatGPT since it can only answer our inquiries about trading but it will never help us in making our trades successful and profitable. But maybe in the near future, this AI machine will be more enhanced and maybe it can already help us in making market predictions and good market analysis.