How can artificial intelligence be useful in stock trading?
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Today, AI helps humans in tasks such as programming, translations, writing texts, data analysis, diagnosing diseases, and even developing new drugs.
Despite the fact that most Artificial Intelligences refuse to give direct recommendations for trading on the stock exchange, these programs can still be useful to a trader.
Stock trading has always been associated with a high degree of uncertainty. Traders are constantly looking for new tools that will help them make more informed decisions and increase profitability.
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Big Data Analysis: AI is capable of processing huge amounts of data in real time: news, financial reports, social media, historical price data. This allows you to identify hidden patterns and trends that may not be accessible to human analysis.
To conduct a full analysis, you will need to provide all the necessary data yourself, since AI cannot yet obtain up-to-date information from the Internet.
Prediction: Based on the analyzed data, AI can make predictions about future price movements. This allows decisions to be made to buy or sell assets before a significant price change occurs.
Trade automation: the use of artificial intelligence will help in writing advisors for writing advisors and indicators according to specified parameters. In this case, you should seek help from AIs who specialize in writing code.
Personalized Strategies: AI can develop a customized trading strategy , taking into account the specific goals and risk profile of each trader.
We can say that AI will do all the routine work for you in analyzing data, making calculations and planning transactions based on the analysis results. This will significantly increase the efficiency of trading and reduce potential risks.
However, it is important to remember that AI is not a panacea and does not guarantee profitability. Traders should use AI as a tool to complement their own knowledge and experience.
In the following articles we will try to use the help of intelligence in analyzing the attractiveness of company shares.