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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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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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Daily Financial News

easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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