Traders from around the world now flock to online brokers in order to trade global markets and manage their investments. It is fair to say that the advent of online trading was, in itself, a revolution in the world of trading. It is now possible to access nearly any global market through online brokers, and trading technology is constantly improving.

Artificial intelligence, or AI, is a huge technological advancement and is already changing a number of industries around the world. Here are some of the ways it may benefit online trading.


Improved Trading Platforms

As trading platforms go, the ones which are used today are fairly advanced, with professional market analysis tools and a number of features which the average trader uses on a daily basis. However, with AI in the picture, the trading platforms of tomorrow may well be even more advanced.

They may, for example, cut out much of the legwork which online traders currently have to do in terms of researching and analyzing the markets. Since AI can simulate human thought processes and apply faultless logic to calculations, it could well be a major part of future trading platforms.
Teaching

Depending on how advanced AI technology becomes, it is entirely possible that it may be used to teach inexperienced traders how to trade the various different markets and financial instruments which exist. It may one day be possible, for example, to take an online spread betting platform which is completely run on AI technology.

With the ability to teach people how to trade, AI could well replace all the eclectic educational materials which exist online today and teach traders a number of optimal trading strategies based on their cognitive behavior and mindset.
Predicting Global Events

There is a good chance that AI may be developed to such an extent that it may be able to predict the way global economies will behave, and help traders to foresee (at least with more accuracy) how their investments may be affected by global economic and political events.

This would most likely be much further in the future, and trading strategies may well have changed by then.

One of the most exciting aspects of AI is that its potential has barely been tapped into yet. This means that no one truly knows the full extent to which it might revolutionize online trading and other industries. So, it could well play an important role in taking online trading to the next level in the future.

Source: http://www.9jatechguru.com.ng/2017/11/the-future-of-ai-in-online-trading.html