FX on AI

FINCIRCLE

29-08-2023 • 33分

Foreign exchange trading, also known as FX or forex trading, is one of the world’s largest and most influential markets regarding trading volume, value, and liquidity. As new technologies emerge, so have forex methods and strategies. With the advent of artificial intelligence and machine learning in science, forex traders and experts have learned to adopt this new technology to improve trading and make their strategies more efficient. However, this field also comes with its own set of challenges and risks. Currency values are constantly fluctuating, and many traders resort to using leverage or executing larger trades to make money. While this method can bring enormous gains, it can also result in significant losses. For this reason, many traders have turned to AI to help them manage the risks involved in forex trading. Whether you’re an independent trader or are part of an FX affiliate programs, trading bots have become exceedingly popular. These bots aid in automating trades based on specific parameters and trading preferences. Despite the more recent mainstream boom of AI technology, technological and automation tools are not new in the forex industry. Many traders and brokers have already incorporated some form of AI into their strategies. In view of these, we've invited, Mr. Melvin Lim, the Founder and Managing Director of Laze Trader Pte. Ltd., a very promising Singapore FinTech company as he walk us through the relevance of artificial intelligence trading on FX market and its value proposition to our digital economy. Contact details: Email: lazetraders@gmail.com Website: www.lazetrader.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/edgar-angeles/message