AI Forex Trading

Apr 18 at 05:08
226 Visualizações
8 Replies
Membro Desde Apr 18, 2024   4 postagens
Apr 18 at 05:08
AI has been taking over everything and it has done it exceptionally well. I believe with AI trading in Forex will increase chances of earning profits. It will be more of low risk high rewards. What are your thoughts on this?
Membro Desde Aug 04, 2014   64 postagens
Apr 18 at 16:38
When most market decisions are made outside of it, I don't think AI can perform successfully.
Because there is no processable data for it
Membro Desde Apr 18, 2024   4 postagens
Apr 19 at 08:53
I believe AI is already performing well. I have been trading for the past 8 years which has been very lucrative for me. Recently came across a platform which uses AI to trade. They dont give you promises of the moon and stars but logical profits. I have been in it for over a year now. And I can say that it is as promised. I placed $5000 to copy the AI Trading and received a fair profit. If many more come up in the future this would a great passive income opportunity. I saw the opportunity and grabbed it.
The data is definitely not processable but there is algorithm in AI which can be used to analyze indicators.
Membro Desde Apr 08, 2024   34 postagens
Apr 19 at 10:22
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Membro Desde Apr 18, 2024   4 postagens
Apr 22 at 03:28
khalidkhan82118 posted:
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Would agree with you on this. But I believe AI can be fully be used for trades without guarantee of 100% profit. Maybe around 70% profit is safe to say it is possible. AI analyze vast amounts of data and identify patterns way faster than any human can. Which means in case of an unexpected event, losses can be minimized and the profit trade can be placed to cover the losses. It is a lot to discuss. But I would say high chances are AI will make better trades than Humans.
Membro Desde Dec 06, 2020   1 postagens
Apr 22 at 09:06
RogerRick posted:
khalidkhan82118 posted:
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Would agree with you on this. But I believe AI can be fully be used for trades without guarantee of 100% profit. Maybe around 70% profit is safe to say it is possible. AI analyze vast amounts of data and identify patterns way faster than any human can. Which means in case of an unexpected event, losses can be minimized and the profit trade can be placed to cover the losses. It is a lot to discuss. But I would say high chances are AI will make better trades than Humans.
How do you use AI, where can you see the statistics?
Membro Desde Jan 15, 2024   28 postagens
Apr 22 at 10:44
RogerRick posted:
khalidkhan82118 posted:
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Would agree with you on this. But I believe AI can be fully be used for trades without guarantee of 100% profit. Maybe around 70% profit is safe to say it is possible. AI analyze vast amounts of data and identify patterns way faster than any human can. Which means in case of an unexpected event, losses can be minimized and the profit trade can be placed to cover the losses. It is a lot to discuss. But I would say high chances are AI will make better trades than Humans.
I want to see statistic too.
Membro Desde Apr 08, 2024   34 postagens
Apr 23 at 08:47
RogerRick posted:
khalidkhan82118 posted:
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Would agree with you on this. But I believe AI can be fully be used for trades without guarantee of 100% profit. Maybe around 70% profit is safe to say it is possible. AI analyze vast amounts of data and identify patterns way faster than any human can. Which means in case of an unexpected event, losses can be minimized and the profit trade can be placed to cover the losses. It is a lot to discuss. But I would say high chances are AI will make better trades than Humans.
You make some valid points about AI's capabilities in forex trading. Indeed, AI can process data at speeds far beyond human capability and identify patterns that might be missed otherwise. Minimizing losses during unexpected events is certainly a benefit of using AI, and it can enhance overall trading efficiency. However, it's crucial to remember that even with advanced AI, there's still inherent risk in trading, and no strategy can guarantee 100% profit. Balancing AI's strengths with human judgment and risk management remains essential for successful trading.
Membro Desde Apr 18, 2024   4 postagens
1 Hour ago
khalidkhan82118 posted:
RogerRick posted:
khalidkhan82118 posted:
AI can be a powerful tool for forex trading, but it's not a guaranteed money machine. AI can analyze vast amounts of data and identify patterns, but market sentiment and unexpected events can still cause losses. The key is using AI as a tool within a sound trading strategy, not a replacement for human oversight.
Would agree with you on this. But I believe AI can be fully be used for trades without guarantee of 100% profit. Maybe around 70% profit is safe to say it is possible. AI analyze vast amounts of data and identify patterns way faster than any human can. Which means in case of an unexpected event, losses can be minimized and the profit trade can be placed to cover the losses. It is a lot to discuss. But I would say high chances are AI will make better trades than Humans.
You make some valid points about AI's capabilities in forex trading. Indeed, AI can process data at speeds far beyond human capability and identify patterns that might be missed otherwise. Minimizing losses during unexpected events is certainly a benefit of using AI, and it can enhance overall trading efficiency. However, it's crucial to remember that even with advanced AI, there's still inherent risk in trading, and no strategy can guarantee 100% profit. Balancing AI's strengths with human judgment and risk management remains essential for successful trading.
Not wrong on your side. 100% profit is just unreal. I am using an AI which gives a logical 70% profit per annum. So there will be a loss as well but main thing is there is sustainable profits.
Entrar / Cadastrar-se to comment
You must be connected to Myfxbook in order to leave a comment
*Não serão tolerados uso comercial ou spam. O não cumprimento desta regra poderá resultar na exclusão da conta.
Dica: Ao adicionar uma URL de imagem/youtube, você estará automaticamente incorporando-a à sua postagem!
Dica: Digite o símbolo @ para que o nome de um usuário que participe desta discussão seja completado automaticamente.