Post
Topic
Board Trading Discussion
Re: Is it true that this AI is good for trading?
by
death69
on 13/03/2023, 06:53:20 UTC
I'm not aware of any openAI specifically designed for trading. I've come across bots that simply assist you in carrying out your transactions automatically by putting them up beforehand, but they won't carry out the entire trading process, such as making judgments automatically if the market suddenly collapsed. I conceive of these AIs as being similar to guides, but they are unable to forecast the market, offer insightful analysis that is based only on data, and express opinions about trading on the extremely unpredictable cryptocurrency world.
Granted, AI traders with a specific focus on trading are yet to be developed. That being said, I am confident that it is simply a matter of time before someone creates one. Just picture a future where all trading is undertaken solely by AI traders. There would be no irrationality, only dispassionate analysis of real-time market data. My conviction lies in the split-second decisions that AI traders will be capable of making, capitalizing on even the most minute market trends that humans would overlook. Nevertheless, we must be cautious of the risks associated with AI trading. It is paramount that we regulate and observe the use of AI traders to minimize any prospective threats