Can AI Beat The Stock Market?
Over the past decade, the proliferating standpoint that Artificial Intelligence could address stock investors' needs relating to the determination of their buying and selling decisions, and serve as a global solution for a broad set of technicalities has arisen as a buzzword on the internet. Optimists swear that AI and Machine Learning Technology behind it can sort out the complexities of the stock trading and market overall.Naysayers contradict the supposition that AI-Forecast and AI-trading can steadily or flawlessly beat the market over time. Experts who feel enthusiasm toward AI are arguing with simple truisms; regarding, human is neither apt nor capable to process tons of datasets compared to a computer, and accordingly the efficiency of any data processing method supervised solely by human can never come close to machine learning.
ARTIFICIAL INTELLIGENCE
The success rate of simply programming a computer and feeding an algorithm with datasets based entirely on technicalities, largely relies on the algorithm's precision, definition, and capabilities to act as a human, because only human is involved in stock markets; behind the companies, stock catalysts that trigger, stock market news, the laws, and actually all events which affect the perpetual cycle of the economy. More broadly, stock markets continue to take cues from the financial activities of people - being involved in world's economy - including mere mortals who just purchase a gallon of milk or a luxury car. From this prospect, unequivocally no machine could forecast the complicated web of human actions with any accuracy, in addition algorithms are developed and fed by human that is subject to being mistaken, and might lack the experience nonetheless possessed by a proficient stock trader.
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Though useful automated trading bots and later AI-based trading tools have become widespread in recent years due to advances in technology, there is yet to spot evidence for AI stock trading tools' profitability in the long term. It is also unclear how efficient their incorporated risk management is, and whether it is bullet-proof under all market conditions and if not, what circumstances cause their risk factor increase. As an effective add-on aid it is highly recommended to be implemented in an existing trading strategy, but to use it as a springboard for determination of entry and exit points, it is suitable by no means.
A growing number of Day Traders are being enticed by AI forecasts available for coins on the net, often for less than $5. Would you swallow that you can get a prize of several hundreds or thousands dollar in proceeds, for just $5? A novice Day Traders should avoid buying and selling decisions made purely according to AI recommendation, by dint of their insufficient experience, whereas seasoned investors should stick with their time-tested trading technique, notwithstanding by exploiting the most of the amenities offered by AI technology.
AI CAN'T BEAT STOCK MARKET
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