Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,620 members, 7,813,038 topics. Date: Tuesday, 30 April 2024 at 05:30 AM

Online Business You Haven't Heard (forex Trading With Artificial Intelligence) - Webmasters - Nairaland

Nairaland Forum / Science/Technology / Webmasters / Online Business You Haven't Heard (forex Trading With Artificial Intelligence) (602 Views)

Have You Heard Of Headless CMS? Find Out If You Need It. / Scamalert: Samuel Oghenebrume Ughojor : Don't' Say You Haven't' Been Warned / 5 Major Reasons Why Most Online Business Fail (2) (3) (4)

(1) (Reply)

Online Business You Haven't Heard (forex Trading With Artificial Intelligence) by MICR0S0FT(f): 10:13pm On Mar 14, 2020
Investing and trading are activities that can benefit quite a lot from automation. In fact, using Artificial Intelligence and machine learning can be very handy here, to the point where you can easily replace many human tasks with automated, repeated tasks that can be performed by machines. Success is all about increasing the odds of picking a good trade. It is about winning more and losing less. One way to increase the odds in a fluctuating market is to use trading software that relies on the power of artificial intelligence.

The world is hyped for the new tech revolution AI will bring. Already there are rivers of cash flowing around it and it is only going to multiply in the next few years. According to Bloomberg, AI will contribute as much as $15.7 trillion to the world economy by 2030. That is more than the current combined output of China and India. Almost every country has taken the initiative to prepare for the upcoming AI era. It is hardly an overstatement that whoever first invent and successfully implements the AI will have a major boost to its economy. It goes without saying that this will significantly reflect on the currency market.

Artificial Intelligence based forex trading strategy is expected to be a vital part of cutting-edge trading. Intelligent machines would supplant any sort of manual intercession. AI forex strategy is anticipated to beat the dangers of passionate parts of exchanging like greed, fear, and emotions. These machines would learn from every trade they execute and powerfully change their basic decision-making capacities. They would be prepared to follow up on all the economic situations.

AI trading strategies, both in short-term time frames and for longer-term investing, are gaining popularity and there are a few hedge funds that are very active in this field. However, broad acceptance of this new technology is slow due to various factors, the most important being that AI requires investment in new tools and human talent. There are not many hedge funds that rely solely on AI. Application of AI is growing at the retail level but the majority of traders still use methods that were proposed in the mid-twentieth century, including traditional technical analysis, because they are easy to learn and apply

Wasting hard earned money to pay for learning FOREX is a total waste of time and resources considering the possibility of losses involved. Let's embrace the AI and save ourselves from trial and error as humans.

(1) (Reply)

For Movie And Entertainment Blog Template / Learn How To Get Canva Pro Account For All Your Graphic Design Work For Free . / M Arque

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.