AI is becoming a big part of our everyday lives, and as a trader, I think that's a great thing. It makes so many tasks faster and easier. For example, instead of spending time drawing trend lines, looking for bullish news, or checking market sentiment, you can now get all that information just by using a simple prompt with the latest tools on trading exchanges. I can count a few I've seen.
Some people may see it differently, but I believe AI helps take a lot of the hard work out of trading. It lets you focus more on making smart decisions instead of doing the same tasks over and over again.
If you feel the same way or have had good experiences using AI in trading or in other parts of life, feel free to share. It’s interesting to see how others are using it and what kind of results they’re getting. Later in the thread, I'll share a detailed experience of mine.
From your explanations, I was even thinking AI helps in executing trade while you sleeping, but you mainly highlighted about the market analysis it does.
If there is any AI that is integrated into a centralized exchange to analyze trade, execute a trade, and take profits instantly, I would love to know more about such AI, is there any like this?
I believe there is already, I saw some posts in X about this. But for me, I am not yet satisfied.
What I saw recently is for investing long-term, like not day trading. I saw some posts in X, they are using it to find some micro-, medium medium-market-cap stocks, and this AI supplied a lot of data, like companies' earnings, and other documents including some csv files, some python scripts to let the AI have more contexts and they benchmark it in some indexes companies for few days, what AI made is more returns compared to selected benchmark stock indexes. I believe it behave the same if you will use it with cryptocurrency trading.