The challenges to forex traders
Fifty years ago investing was a distinctly human affair. “People would have to take each other out, and dealers would entertain fund managers, and no one would know what the prices were,” says Ray Dalio, who worked on the trading floor of the New York Stock Exchange (NYSE) in the early 1970s before founding Bridgewater Associates, now the world’s largest hedge fund. Now, investors around the world are finding it difficult to diversify their portfolios in this unstable global environment . The global pandemic has reversed the course of major economies and has exacerbated declines in growth in, already problematic, emerging market economies. Very experienced traders usually make money by investing based on a set of systematic tactics, using technical and fundamental analysis, along with sentiment analysis. However, to make money actively, forex traders need to be present behind their trading software to monitor and manage their investment strategies. The challenge for them is that the forex market is: Huge (lots of information) Fast (multiple updates) Volatile (significant changes) The standard approach to using trading software or robot traders for forex may not be enough for you to handle a great variety of financial market opportunities automatically. In other words, to be more accurate in your forex trading operations, you need more data analytics, experience, strategies, a better understanding of new economical influences, and more computational power. So, this set of problems can be resolved by our automated AI trading.