Debating AI Analysis in Trading

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shard_2013Full Member
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#1May 22, 2023, 12:21 PM
I feel like AI analyses are more for traders looking to make better choices, but honestly, I’m not convinced they add real value. Maybe I'm missing something here. Are you guys using AI analysis? Is it truly beneficial?
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#2May 22, 2023, 04:02 PM
Bro, take whatever promo gifts the exchanges throw at you, but relying solely on AI analysis is risky. Sure, it sometimes hits the mark, but always do your own research. Combine what you find with your own takes to outsmart any market manipulation.
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GrimFarmFull Member
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#3May 22, 2023, 06:52 PM
I totally agree, clicked No on that poll too. Most of the ‘AI’ stuff is just rebranded old-school methods like trend following or social media sentiment. It sounds fancy, but honestly, it’s just pattern recognition with no real insight into future events.
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#4May 22, 2023, 08:52 PM
AI is good for gathering info, but using it as your main crutch? Big mistake. It’s like throwing your money away. Real trading requires intelligence, experience, and keeping emotions in check. If you’re unsure about your skills, better to consult friends or experts.
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sigma_nodeSenior Member
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#5May 23, 2023, 02:42 AM
I trade spot, not futures, and I’m not dependent on trading for my income. I’ve never used AI analysis from exchanges, but some folks swear by it. I’m just not sure which is more reliable AI or my own research. I prefer my own instincts.
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nick.orbitFull Member
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#6May 23, 2023, 04:02 AM
AI is still pretty new for traders. It might take time for everyone to catch on to how it works. It can help lazy traders, but it won’t always predict accurately. You still need to be strategic and keep a human touch in your decisions.
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paul51Newbie
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#7May 23, 2023, 12:32 PM
I’m with you, man. That AI stuff feels like a gimmick. It’s just marketing; they take basic indicators, slap an ‘AI’ label on it, and call it a day. Why would a trading platform give you tools that actually help you win money? It’s all about getting you to trade more.
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seed07Senior Member
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#8May 25, 2023, 02:45 PM
Haven’t tried AI analysis, and honestly, I don’t plan to. I don’t see how it could make me any better. I think it just encourages laziness. I see success stories online, but I’m not tempted to get into that world.
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the_seedFull Member
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#9May 25, 2023, 06:18 PM
I trade occasionally, not heavily, and I think AI analyses can be useful for new traders. If you're just starting, it might give you a sense of market trends. But I wouldn’t rely on it completely.
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boss_2015Newbie
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#10May 25, 2023, 07:37 PM
After hearing stories of AI messing up trades, I’m not convinced. I prefer manual trading. Reading charts is essential, and leaving it to AI? Nah, I’m not doing that. It feels like a marketing ploy.
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fullnodeSenior Member
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#11May 25, 2023, 10:03 PM
Most AI tools still rely on technical indicators. They’re just fancy gimmicks that can mislead traders. They might help beginners learn, but with accurate predictions, they often fail.
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whale420Senior Member
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#12May 27, 2023, 11:04 PM
I don’t usually use AI, but it can assist with technical analysis. If you provide it with charts and data, it can give some insights. But it’s not great for making decisions. Better to plan your trades yourself.
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atlas100Senior Member
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#13May 29, 2023, 06:50 PM
Totally agree. Relying solely on AI for trade analysis? Big no-no. AI can be a tool for gathering data, but you need to analyze it yourself.
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#14May 31, 2023, 06:35 PM
People need to get that no matter how advanced AI gets, it can’t predict the future. It’s based on past data, so it’s not infallible. For example, if a price level has broken before, AI might predict it’ll break again based on that history.
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shard_2013Full Member
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#15May 31, 2023, 06:49 PM
True, but what matters more is trading volume. You can get that info from candlesticks. AI sentiment can confuse new traders about buying pressure. I see your point though; some might find it useful.
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greg420Full Member
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#16May 31, 2023, 10:36 PM
Imagine how tiring it would be to rely on AI for every trade decision. It takes time to deal with, and if it leads to a loss, that’s frustrating. Better to analyze data yourself.
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fewunderstandLegendary
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#17Jun 1, 2023, 04:46 AM
I think the OP meant AI analysis from exchanges, not chatbots. I voted No too. I don’t see the benefit in following AI analysis it’s not reliable, so I trust my own judgment.
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chris_gasMember
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#18Jun 1, 2023, 09:59 AM
I’m not a daily trader, but I buy and hold when the market dips. I never use AI; prefer manual analysis for improvement. I’m curious how AI would interpret current market trends though.
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0x5ag3Newbie
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#19Jun 2, 2023, 05:39 PM
I’m not into AI for trading. I use it as a backup for info but rely mostly on my own technical analysis to decide.
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yield_2021Full Member
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#20Jun 2, 2023, 11:42 PM
Honestly, I can’t put my faith in AI analysis for trading. It can support your own research, but don’t take it too seriously. The market’s unpredictable, influenced by news and other factors.
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