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Advantages of Using AI for Trading AlgosOne can bring to its Users

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

Whether you are writing a best man speech or creating a powerpoint presentation for your boss, you’re probably using artificial intelligence (AI) to get time-consuming tasks done better and faster. So why not use it to improve your trading too?

Let’s look at what the main advantages are of using AI in your trading and how to go about it even if you have no coding knowledge or prior financial experience. 

Advantages of Trading with AI

  • More Data, Deeper Insights. Arguably the number one benefit to trading with AI is that it can process more, and do more with the data it processes. It can analyze millions of data points, at lightning-speed from every corner of the internet, to identify otherwise invisible market patterns and emerging trends. Traders can then use those insights to make more informed decisions, based on a 360° view of market conditions that includes data ranging from social media-based market sentiment to financial reports, price histories, global news, economic indicators, regulatory updates and more. 
  • It All Comes Down to Timing. Machines work faster than people and in trading, getting your timing right is crucial. High-frequency AI trading systems can execute multiple simultaneous trades, across asset-classes and time-zones, all within a heartbeat. The AI will never tire, trading 24/7, exploiting fleeting price inefficiencies and other short-term opportunities, ensuring no potentially profitable window is missed.
  • Feeling Zen? Who Cares?. How are you feeling? Afraid of missing out, a little impulsive, eager for a big payday, scared of a sudden market shift? With AI it really doesn’t matter. A bot will operate based on pre-programmed strategies and risk parameters making for disciplined, unbiased trading. This means better performance and more consistent profits. 

  • See Around the Corner. AI is exceptionally good at predictive analytics.  Today’s advanced machine-learning algorithms can identify patterns and possible breakouts or reversals with amazing precision. This means traders are able to forecast market movements, and anticipate the impact of global economic events with pinpoint accuracy. 
  • Agility and Adaptability. While it’s common for a trader to find a strategy that works and then stick to it regardless of shifting market conditions, a sophisticated AI bot will automatically adjust risk parameters and strategies to suit an ever-changing market reality. 

Machine-learning capabilities enable trading algorithms to learn from every new piece of information they receive and each action they take, continuously improving performance.

With all these advantages, it’s no surprise that a recent Chicago School of Business study found ChatGPT to be more successful than human analysts, when tasked with predicting future earnings of 15,000 US companies,  based on analysis of the financial statements they issued to the stock market. 

Obstacles to Trading with AI

As we can see, there are a number of advantages to trading with AI. However, there are also some challenges facing retail traders hoping to get on board with this game-changing technology. 

To start with, the most sophisticated AI software, used by top institutional investors can be prohibitively expensive and beyond the reach of regular retail traders. Also, it can be quite complex to use. Many AI trading platforms require users to program their own strategies. The algorithm will place orders, based on certain triggers, but the user will need coding capabilities to instruct the AI.  In addition, even those AI’s that do not involve programming knowledge require a fair amount of financial knowhow, as users still need to analyze data, as well as select the risk parameters and trading strategies that the AI will implement.

The Advanced AI  Accessible to Everyone

This is where AlgosOne.ai enters the picture. It is a free licensed, EU authorized trading platform that  uses generative AI, large language models (LLMs) and proprietary deep learning algorithms to trade. The AI handles everything, including which asset to trade, whether to buy or sell, how much to invest, when to enter and exit, and which risk parameters to implement. The user just signs up, deposits funds  and then gets on with their day – no coding or strategy building required. It’s fast, simple, and effortless. 

AlgosOne’s affordability is enhanced by the fact that all trades are executed completely free and profits aren’t eroded with registration, subscription, inactivity, deposit or transaction fees. The single charge is a commission fee, which only needs to be paid on trades that resulted in a profit. In addition a percentage of the investment amount is returned in compensation  on losing trades.

The money from commissions goes into maintaining the balance of the reserve fund, which provides client account protection in case of a hack, fraud, technical failure, market collapse, or the company going insolvent. Clients can also feel reassured regarding the security of their funds, because of the comprehensive risk management protocols. The AI implements hedging, diversification across multiple asset classes, caps on trade size, stop loss and take profit orders, as well as 24/7 market monitoring and AI oversight by human risk management professionals. It also invests more heavily in high probability trades to protect client capital in all market conditions.  

Every second, the algorithm is tracking price movements, adjusting risk parameters  and using its deep learning capabilities to keep improving profit margins. The AlgosOne AI is self-correcting, learning from every action it takes, so it keeps getting better at forecasting. 

AlgosOne will also soon be introducing an additional revenue stream. The presale of AlgosOne’s native AiAO token is launching next quarter. Capital appreciation is assured with a minimum 50% price rise at each presale stage, and AlgosOne’s guarantee to  buy at least $100M worth of tokens during the public sale. The AiAO token will serve as a governance token but also provide actual ownership of the AlgosOne AI. 

Dividends, tied to AlgosOne revenues, will be distributed quarterly or monthly directly to the token holder’s accounts. The token will also provide decision making power over the future of Algosone.ai. More tokens mean more dividends and a bigger vote in the direction of R&D and the  prioritization of new projects.

AlgosOne exemplifies how artificial intelligence offers a world of benefits for traders, ensuring greater insights, faster execution, as well as advanced predictive analytical capabilities. Ready to give AI trading a go? Sign up in seconds, for the AlgosOne 14-day trial. It’s stress-free, and effortless even if you don’t have any programming or trading experience, with no financial commitment.

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Battles Resistance Around $0.60: Will the Struggle End?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?

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Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance.

  • Bitcoin cash price started a fresh increase above the $330 level.
  • The price is trading above $335 and the 100-hour simple moving average.
  • There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair could start another increase if it clears the $350 resistance zone.

Bitcoin Cash Price Starts Fresh Surge

After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 15%. There was a clear move above the $320 resistance zone.

The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.

Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH/USD pair.

Bitcoin Cash Price

A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone.

Fresh Drop in BCH?

If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.

If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term.

Technical indicators

4-hour MACD – The MACD for BCH/USD is gaining pace in the bearish zone.

4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level.

Key Support Levels – $335 and $328.

Key Resistance Levels – $345 and $350.



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Ethereum Price Reaches $2,500 Again: Will The Uptrend Hold?

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Este artículo también está disponible en español.

Ethereum price started a fresh upward move above the $2,420 resistance. ETH traded close to $2,500 and is now consolidating gains.

  • Ethereum started another increase from the $2,320 resistance.
  • The price is trading above $2,400 and the 100-hourly Simple Moving Average.
  • There is a connecting bullish trend line forming with support at $2,385 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $2,480 resistance to continue higher in the near term.

Ethereum Price Surges Over 8%

Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear the $2,350 and $2,420 resistance levels.

There was a sharp move, and the price gained nearly 10%. It traded close to the $2,500 resistance zone. A high was formed at $2,493 and the price is now consolidating gains. There was a minor decline below the $2,460 level. The price tested the 23.6% Fib retracement level of the upward move from the $2,277 swing low to the $2,493 high.

Ethereum price is now trading above $2,440 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,385 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $2,277 swing low to the $2,493 high.

On the upside, the price seems to be facing hurdles near the $2,480 level. The first major resistance is near the $2,500 level. The next key resistance is near $2,550.

Ethereum Price
Source: ETHUSD on TradingView.com

An upside break above the $2,550 resistance might call for more gains. In the stated case, Ether could rise toward the $2,650 resistance zone in the near term. The next hurdle sits near the $2,750 level or $2,800.

Are Dips Limited In ETH?

If Ethereum fails to clear the $2,480 resistance, it could start a downside correction. Initial support on the downside is near $2,440. The first major support sits near the $2,385 zone and the trend line zone.

A clear move below the $2,385 support might push the price toward $2,320. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,200.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,385

Major Resistance Level – $2,500



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