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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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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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