Mind or Machine? What’s Better For Forex Trading?
Member Since Jul 26, 2019
30 posts
Aug 17, 2022 at 19:48
We live in an amazing time.
First of all, there is the Forex market, which gives opportunities. I mean to earn excellent money without large investments. All you need for this is the Internet, a computer and some knowledge.
Secondly, there is a lot of software, expert advisors and robots to help traders to trade. There are traders who only use robots to trade.
I think that you should not rely only on the technique. You have to know how to trade and what to do in certain situations.
Robots can be used as advisors or as... Partners. ;)
Why not? It's a great tandem, and the probability of profit increases!
First of all, there is the Forex market, which gives opportunities. I mean to earn excellent money without large investments. All you need for this is the Internet, a computer and some knowledge.
Secondly, there is a lot of software, expert advisors and robots to help traders to trade. There are traders who only use robots to trade.
I think that you should not rely only on the technique. You have to know how to trade and what to do in certain situations.
Robots can be used as advisors or as... Partners. ;)
Why not? It's a great tandem, and the probability of profit increases!
Aug 18, 2022 at 11:23
The intellect has its own wonders. But it has certain limitations too. Machines, on the other hand, are powerful and innovative. But they have limitations too. So, combining both is the key.
It also depends on one’s time, goals, and dedication to the choice of their usage.
It also depends on one’s time, goals, and dedication to the choice of their usage.
Member Since Aug 17, 2022
79 posts
Aug 19, 2022 at 10:09
One’s intellect and machine learning with its usage brings out the best combination by keeping balance. I believe somewhat the same.
Member Since Aug 17, 2022
79 posts
Aug 19, 2022 at 10:11
(edited Aug 19, 2022 at 10:15)
Keen to hear others' response as well.
Member Since Jul 23, 2020
816 posts
Oct 01, 2022 at 13:45
Make your Forex trading journey favorable for you at any cost with a well-defined risk management strategy.
Nov 04, 2022 at 10:39
It used to be more like manual trading better than auto trading in the past and a combination of both is good for now at present in my opinion. But very soon within next couple of years, it is completely going to change and only auto trading or machine learning will prevail in every field including forex trading.
What you call as mind is the results of human brain which consists of around 86 billion neurons and our world has not reached that level of artificial neural network to reach 86 billion neurons, but will reach and surpass probably within next 2 to 5 years. Then, what decisions one can make through mind, a computer can do it 1000s of times better, cheaper and faster at the speed of light compared to a human being.
Few latest examples are the AI research results of companies like Google and Tesla who are already performing at super human level in many tasks. Actually, after crossing the threshold point, whether forex trading will exist or not that also I doubt since once the Artificial Intelligence reaches the human levels, then they usually reach super human levels within a couple of days of additional training and so forex market may collapse also if such algos are directly run in forex trading and no human can ever compete in any way.
What you call as mind is the results of human brain which consists of around 86 billion neurons and our world has not reached that level of artificial neural network to reach 86 billion neurons, but will reach and surpass probably within next 2 to 5 years. Then, what decisions one can make through mind, a computer can do it 1000s of times better, cheaper and faster at the speed of light compared to a human being.
Few latest examples are the AI research results of companies like Google and Tesla who are already performing at super human level in many tasks. Actually, after crossing the threshold point, whether forex trading will exist or not that also I doubt since once the Artificial Intelligence reaches the human levels, then they usually reach super human levels within a couple of days of additional training and so forex market may collapse also if such algos are directly run in forex trading and no human can ever compete in any way.
Artificial General Intelligence
Member Since Jul 23, 2020
816 posts
Nov 06, 2022 at 16:25
Every broker offers traders a demo account for practicing but traders are pretty much unwilling to use demo account just because they can’t utilize the significance of that.
Member Since Jul 12, 2019
9 posts
Nov 10, 2022 at 12:07
Until computers can handle parallel computations (which is essential for understanding patterns), the human mind will always prevail
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