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The development of fintech AI could reintroduce FX trading in the USA

Since the 1990s the Artificial Intelligence (AI) has been a part of the nerdiest of dreams. With movies like Terminator that are about AIs taking over the world and becoming the overlords of the enslaved human race and what not dominating the fantasy market. However, when the reality sets in everything becomes much more understandable.…

Since the 1990s the Artificial Intelligence (AI) has been a part of the nerdiest of dreams. With movies like Terminator that are about AIs taking over the world and becoming the overlords of the enslaved human race and what not dominating the fantasy market.
However, when the reality sets in everything becomes much more understandable. The idea that there is going to be a true artificial intelligence running rampant is still far from the truth. The markets that are interested in such technology are not only limited
to the military. With the introduction of High-Frequency Trading, the AI has already been utilized to work on exchanges to some extent.

High-Frequency Trading, or HFT, is an automated trading platform that huge investment companies like banks, hedge funds, and high-net-worth investors are utilizing to make an extremely large number of orders in the tiniest of time frames. This is a way of
utilizing high-level complex algorithms to analyze and make decisions on multiple markets at the same time at the speed of light. However, HFT is still far from true AI as the computer is not reimagining any algorithms but is operating on the already set in
stone strategies. 

Funny thing is that a lot of military generals and CEOs that are working on creating a business strategy are operating on the same bases albeit with different ideas. Both have to identify the strengths and weaknesses of their opponent as well as their own
and start developing a strategy to counter and win the engagement. While the military sees huge applications for predictive technology the business sector does as well. WIth different scholarly articles appearing as far as in 1991 when

MIT Sloan Management Review published an article
stating well in advance that computerized predictive analysis will be used to manage foreign exchange markets. This was followed up with the University of Cambridge with a more

elaborate idea
that adaptive reinforcement learning would provide not only assistance but in time could even take over the whole FX trading systems. 

AI development has come a long way during the last decades. When MIT published their research they could not even fathom the level of progress AI would undergo in just 20 years. Nowadays the technology has evolved enough that the current algorithms can predict
different financial patterns for the next weeks or months. Lots of the
top American Forex brokers
are relying on such algorithmic programs to determine trends as closely as possible and make educated guesses based on the information already provided by such AIs. It is worth noting that the trends that AIs are setting can also
be simulated in demo accounts. However, this is not directly how AI is helping the traders. The absolute power of computers comes into play when there is big data to analyze. The time it takes for a human to go through all of the charts and details is much
more considerable than that of an AI that, if given enough processing power, can scan through all of the trends in a matter of seconds. What the AI also offers is the emotionless, pure logic-based analysis. 

It is not a secret that a lot of traders can become very emotional during the trade and end up making preemptive decisions resulting in less than fortunate results. The market panic is quite real and is very visible in current times as the novel coronavirus
has been hitting the world economics hard day by day for months now. This has resulted in lots of traders buying up dollars due to the fact that it was

predicted
and to an extent turned out to be the most reliable in times of crisis.  

It is predicted that the AIs will make markets much
more stable and less volatile
due to the fact that the decisions are based purely on data points that predict future price changes. AI has possibly been the biggest addition to the already existent market with its precise data analysis abilities. However,
not everything is so good as there are a multitude of challenges in the way of proper AI development. 

One of the biggest challenges is figuring out exactly what kind of data needs to be fed to the AI when making foreign market exchange trading artificial intelligence models. The acquisition of such data is also incredibly difficult due to the limitation
of each market as there is no globalized way of data collection.  

The second issue is set to be the algorithms themselves. There are many different ones that are all working for machine learning (ML) framework but all of them have different purposes and fill niches of their own. All of them provide a different outlook
on the market and thus make a bit different predictions that are more or less correct in their own manner but which one suits which situation is still up to the US to decide and the stakes are high. 

The platforms that are already in existence also need to be updated to suit the new datasets that will be utilized in the machine learning process. The provider company also needs to have enough hardware to satisfy the computing power required to handle
such huge chunks of data on the fly. 

Last but not least, the AI cannot just take over what humans are doing and operate on its own. Any machine requires human supervision due to a simple fact that business objectives are set by humans and not a predictive machine. This market insight is extremely
important for the machine to operate in a full capacity and data management to be driven in the correct direction. This sets a requirement for capable data scientists who will basically be bridges between the knowledgeable market analyst and the piece of technology
at hand as well as the business that shows its interest in the development.

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Online Trading platform SIRIX

best-forex-demo

SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

events around the globe

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