In the high-tech world, with everyday disruptive innovations presented to humankind, one may find it hard to keep pace with the changes. But to remain competitive, people should embrace new technological products, especially if they promise good returns. This is precisely the case with stock trading, which is evolving at high speed, becoming more accessible to masses of users and revolutionizing with technological advancements at the same time.
The global trading market is indeed immense. In 2020, over $32 trillion of global equity
are being traded worldwide, compared to a bit more than $25 trillion in 2009. Only the U.S. stock exchanges NYSE and NASDAQ account for 39%
of the global stock market value, with their market capitalization exceeding $31 trillion altogether. Within the past 20 years, the holders of the NASDAQ 100 index have increased their fortune by 300%
, with the next-best performing one being the Dow Jones Industrial Average (a 196% increase).
As you can see, stock markets are always about big money, no matter the crises, pandemics, and revolutions. Everyone wants to get a share of that delicious financial pie, but is it possible to earn on stock trading without specialized knowledge and years of experience? Fortunately, with the advent of innovative technologies for trends analytics and smart data-based decision-making, the dream is becoming a reality, with new automated artificial intelligence (AI) trading solutions at hand.
Do you want to learn more about AI-based stock trading? Read on to see how AI is transforming the industry, what the pros and cons of using AI for trading are, and how laypersons without in-depth technical knowledge can utilize the power of AI algorithms for lucrative stock trading and investment. We also cover the threats of over-reliance on AI and explain the limitations of this technology in prediction accuracy.