Brief introduction to the use of Artificial intelligence.🔥🔥
The use of artificial intelligence has been very prevalent in our day-to-day lives. We have seen it all in their applications, from being a home assistants , self-driving cars to a super-intelligent house. The world continues to evolve all the time.
The best AI adoption lies in stock trading. The financial market is extremely difficult and unpredictable. This often gives traders a headache as there is often too much information to digest. This is where the best AI software in the market is there to help you.
Here are some of the popular platforms in the market nowadays:
1. TradeIdeas
It is an AI- powered robo-adviser and stock scanner for trading stocks, detecting hidden opportunities and back-testing. There is also an algorithm that will take into account various circumstances such as short and long positions, cheap and expensive instruments , fundamental ,volume ,etc.
This software also makes use of event-based backtesting to detect the performance of certain signals, should they be applied in the past . Trade alert and chart windows are also available for traders to filter out relevant information .
2. TrendSpider
The trading process and analysis part are automated when you are using this tool. Some of the features and functionalities that are being highlighted here are:
i. Specialized tools for technical traders
ii. Multi-timeframe analysis
iii. Backtesting
iv. Trading bots
v. Smart watch lists
vi. Option flow and dark pool data
vii. Powerful mobile apps.
This tool lets you find the most profitable trading opportunities, by highlighting trade entries and exits on the charts on your watch list. Other than that , it also provides automated technical analysis assistants that offer a fully –customisable engine for more professional trading.
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