AI is becoming more and more widely used. Upon input and training, AI can predict the next trend of the stock market and provide greater protection for users’ investment. What is AIgo Trade? How can AI make Algo Trade better?
Algorithmic Trading (Algo Trade), also known as program trading, refers to the use of automated programs, or the use of AI and Big Data to trade and invest automatically based on preset algorithms. Generally speaking, algorithmic trading ‘make trading decision’ based on specified market technical data and financial ratios (such as P/E, P/B, and MA) automatically. Buying and selling are automatically operated by the computer to reduce the chance of manual trading. At the same time, reducing the workload and the rate of human error.
AI will play the role as an ‘Advisor’, analyze customer information, such as age, salary and risk tolerance, and make investment recommendations suitable for individuals, such as the ratio of buying bonds, funds and stocks. Then it is expressed in a summary to make it easier for investors to understand how to allocate their investment amount to different types of options and the expected return and risk prediction data. Finally, these data will be placed in the Algorithmic Formula for customer with a personalized investment recommendation.
Algo Trade has become very popular over the past decade and expected to boost growth in demand by 2028. Now, it accounts for a large number of trades that are done globally and attributes to the success of some of the worlds best-performing funds.
If you are interested, below are some source to learn about Algorithmic Trading. And subscribe to get more up-to-date information about the world.
- Algorithmic Trading : Winning Strategies and Their Rationale
- Quantitative Trading: How to Build Your Own Algorithmic Trading Business
- Getting Started in Technical Analysis
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