Hello,
Has anyone used ChatGPT for trading?
Thank you so much.
What, is really chat GPT can help you to do trade? I don't think so. Its a text based bot that can help you to learn anything, but I don't think it can help you to do trade or buy sell any crypto.
If you want you can learn from it that how to do a trade or a complete guidline of crypto trading. But don't expect this will help you to do trade like a Trading bot.
ChatGPT cannot help in doing trading although if anyone wants to learn about trading, he may use the chatGPT to get answers to some generic questions such as what are different type of indicators, how to use trading view, what the are platforms to trade etc etc.
ChatGPT cannot do technical or fundamental analysis for us, because it does not have the current market data and news to consider in its analysis.
However, i see many people on social media spreading this thing that they will teach how to do trading with the help of ChatGPT and they are getting money from innocent people for this training. Whenever a new tool comes in the market, some people only try to scam others and those who have less knowledge become their victim.
Then it's better to guess on the coffee grounds than to use ChatGPT for trading. This tool was created for other purposes and is completely unsuitable for trading crypto currencies. I have big doubts even about trading bots and other similar tools that supposedly help trading and allow everyone to become a millionaire. In this scheme, only the seller of bots is 100% likely to make a profit.
ChatGPT is the current hype topic and everyone is looking to use it as a quick money making opportunity. It is enough to promise people the opportunity to earn and use a new hype topic (technology), as a queue of simpletons immediately builds up. Of course, this is a fraudulent method that gullible people should better avoid.
For trading, it is desirable to use traditional methods, and not try to apply every technology that was not created for this. For any job, you need only one properly selected tool.