AI has already transformed the financial trading industry by leveraging powerful technologies such as machine learning, natural language processing, and deep learning. Algorithmic trading involves the use of computer algorithms and Expert Advisors (EAs) to automatically execute trades based on predefined rules and market conditions. AI can be a complementary tool to assist with investment decisions, but it should not be the sole factor in making decisions. AI algorithms lack a human’s common sense and are unable to respond to abrupt market changes, so investors should use AI algorithms as one of several tools to support their investment decisions. The most significant advantage of using AI for investing is its ability to make decisions based purely on data without emotions.
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