Helloooo! I’ve been reading articles shared here about updates on crypto and I think AI has been a recurring concept in these articles. It just made me wonder how relevant AI is in forex. Have you guys tried exploring AI-based trading tools? Or have you encountered any and what did you think of them?
I have completed two courses relating to AI (Udemy distance learning), and my "Forex Trading - Phase 2 Delivery Plan which I hope to complete by end of 2024 will make SOME use of AI. Just what that will be and how detailed it will be is a matter of further plan development. At this moment, I have not yet decided how to use AI to automate or to speed up my decision processes. I will not be “asking AI to choose winners”, though many on forums seem to think they have done that with EAs or other stuff they want to sell to anyone who asks. I may use AI to automate data collection and analysis, leaving only the interpretation as the human input from me. Early days yet, but I am motivated to make some use of it.
Not tools but just analysis. Like if X happens, then expect Y. So more general stuff about markets and interest rates and data things.
What tools did you come across?
I think lots of companies are just putting AI in the name to make it look like they’re staying current.
Yeah is new wave and very on a higher positive returns tho. There’s an Ai Trade comp that does the trade while you watch your turn out grow.