Recruit Artificial Intelligence To Do Your Trading and Financial Investing For You
Can anyone use artificial intelligence (AI) systems? Most people in the developed world already use AI on almost a daily basis.
Did you do a search on Google? You used AI.
Did you open your Facebook page? What you see is organised by AI algorithms.
Maybe you used your washing machine to do your laundry.
There are integrated circuits inside there to determine the best use of power for the weight of clothes and setting selected for an optimal wash cycle - more AI.
As with most of the best forms of engineering, it is designed in such a way that you do not even know when you are using it.
I was reminded of this fact recently when I went on a walk that took me under a motorway overpass.
This was a main ring road around a capital city and millions of tonnes of traffic would fly over this bridge daily.
Not one of them would be aware that they just drove over a bridge, without which traffic would come to a total stop.
Most uses of AI fall into the same category.
It does its job, helps you on your way and you may not even notice it.
So how does all this make me money? Banks have long been aware of artificial intelligence systems and one might say that they were one of the early adopters of the technology involved.
Interconnected computer systems are monitored for fraudulent activity using AI algorithms.
Credit card purchases can be automatically declined if the computer thinks the spending pattern is not typical for the card holder.
Sometimes this causes great inconvenience but the system is designed to protect funds from theft.
Banks have also been using AI in their financial trading operations.
Not everyone knows but most banks have giant trading and investment departments that put the money you deposited to work for them.
This is partly how they can afford to pay interest on your account.
There are still some trading floors that operate in the traditional way with men in bright bibs shouting "buy buy buy and sell sell sell!" but most of those have been replaced completely with computerised systems.
It turned out the silent computers could generate more profit than aggressive, gesticulating men in a room.
What exactly are the trading computers doing? Well, they are doing just that, trading.
They are completely cold and unemotional.
They will not buy an asset because they are "rooting" for it or sell because they simply don't like the management.
They will only trade according to strict and clearly defined parameters and they can process tens of thousands of these parameters per second.
This is not quite the same as high frequency trading, although AI can be (and is) employed in this area too.
Trading software such as that used by the banks and other financial institutions, is becoming available for purchase by the general public.
Modern day hardware on the average user's desktop computer is more than capable of running the algorithms used by the AI system to generate automated profits on the financial markets.
How can I get hold of this AI software? You just have to look around.
There are several commercial ventures selling the software they have developed.
Read reviews and take on trial offers to determine which ones are the real deal and who are the charlatans.
Even if you decide not to use AI directly, imagine the future where people will make most of their money on autopilot.
That reality is here now.
Did you do a search on Google? You used AI.
Did you open your Facebook page? What you see is organised by AI algorithms.
Maybe you used your washing machine to do your laundry.
There are integrated circuits inside there to determine the best use of power for the weight of clothes and setting selected for an optimal wash cycle - more AI.
As with most of the best forms of engineering, it is designed in such a way that you do not even know when you are using it.
I was reminded of this fact recently when I went on a walk that took me under a motorway overpass.
This was a main ring road around a capital city and millions of tonnes of traffic would fly over this bridge daily.
Not one of them would be aware that they just drove over a bridge, without which traffic would come to a total stop.
Most uses of AI fall into the same category.
It does its job, helps you on your way and you may not even notice it.
So how does all this make me money? Banks have long been aware of artificial intelligence systems and one might say that they were one of the early adopters of the technology involved.
Interconnected computer systems are monitored for fraudulent activity using AI algorithms.
Credit card purchases can be automatically declined if the computer thinks the spending pattern is not typical for the card holder.
Sometimes this causes great inconvenience but the system is designed to protect funds from theft.
Banks have also been using AI in their financial trading operations.
Not everyone knows but most banks have giant trading and investment departments that put the money you deposited to work for them.
This is partly how they can afford to pay interest on your account.
There are still some trading floors that operate in the traditional way with men in bright bibs shouting "buy buy buy and sell sell sell!" but most of those have been replaced completely with computerised systems.
It turned out the silent computers could generate more profit than aggressive, gesticulating men in a room.
What exactly are the trading computers doing? Well, they are doing just that, trading.
They are completely cold and unemotional.
They will not buy an asset because they are "rooting" for it or sell because they simply don't like the management.
They will only trade according to strict and clearly defined parameters and they can process tens of thousands of these parameters per second.
This is not quite the same as high frequency trading, although AI can be (and is) employed in this area too.
Trading software such as that used by the banks and other financial institutions, is becoming available for purchase by the general public.
Modern day hardware on the average user's desktop computer is more than capable of running the algorithms used by the AI system to generate automated profits on the financial markets.
How can I get hold of this AI software? You just have to look around.
There are several commercial ventures selling the software they have developed.
Read reviews and take on trial offers to determine which ones are the real deal and who are the charlatans.
Even if you decide not to use AI directly, imagine the future where people will make most of their money on autopilot.
That reality is here now.
