These days, we've been seeing a lot of AI assistants in trading — tools that can analyze the market in seconds, place trades, and even advise on stop-loss and sell orders, just like the one mentioned by this Twitter KOL:
http://Https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu\_mW42M39F8NZw\&s=19](
https://x.com/Jeyyderh/status/1940176605030027517?t=WGs6aphBu_mW42M39F8NZw&s=19My question is: how efficient are these AIs really? Do they significantly improve a trader's overall profit and loss ratio, or is the improvement only marginal?
Regarding the KOL, the AI he showcased analyzed the market, placed the trade, and sold it. Not gonna lie, I’m impressed. I’ve even applied for the referral code to try it myself, so expect a detailed review from me soon.
Has anyone else here used a similar AI for trading? What was your experience like?
AI trading tools can simply our trading for us no doubt, by giving us market insights and helping us take trades which are base on a predefined strategy, in as much as Al can do all this for us with tools like pattern recognition and data provided to them, The trading principles should be well understood and expectations should be managed by traders. But the changing market dynamics can become a challenge for these AI tools in the long run, because of geopolitical events, wars and natural disasters are not managed by these AI tools, and here is where I'm worried about the long-term reliance on AI tools. Because I have seen AI tools that worked when it were newly developed, but couldn't stand the test of time.
AI can actually help us analyze the market easily or find other information quickly. With AI, we can also analyze the market, to find out market patterns, so we can make good decisions. There are many benefits to using AI trading tools, but the key is not to use AI results to make decisions when trading because this will make you lose, AI is not always right. Although AI provides many advantages that can make it easier for us, it is very important for us to realize that AI is not the best solution in making decisions in trading.
So it's a good idea for us as traders to understand how AI works to draw conclusions and then combine it with our own analysis and find the right time before making a decision. Basically, trading must still refer to our own analysis, AI trading tools are only assistants or additional information for us in making trading decisions.