- Posted by cglah1
- On February 2, 2020
- 2 Comments
Artificial intelligence is to trading what fire was to the cavemen.” That’s how one industry player described the impact of a disruptive technology on a staid industry.
“Machine learning is evolving at an even quicker pace and financial institutions are one of the first adaptors,” Anthony Antenucci, vice president of global business development at Intelenet Global Services, recently said
A growing number of forex traders and hedge funds are turning to automated trading robots, taking much of the emotion out of finding and executing trades that often lead to errors among traders. Using artificial intelligence (AI), some of the biggest tech giants are investing heavily in developing trading robots that can pinpoint the strongest trends in the forex markets to maximise profits and minimise the chances of costly losses.
Trading robots are largely built to operate within a certain trading range that is often very tiny. However, the 24/7 nature of automated trading bots allows them to execute trades little and often, without the need for stop losses that many trading platforms provide as standard for retail traders.