Holly NEO – This AI is different from others as it uses only two strategies.
This AI is suitable for those who use technical analysis in trading, so you will not miss stocks that are forming tradable chart patterns. These include popular ones such as Breakout, Bullish Pullback, Not a Double Bottom, Selling Strength, Engulfing, and many others. Holly Grail – The flagship AI that utilizes dozens of strategies for traders. I personally like its transparency, as I can see all the details relevant to the trades before, during, and after implementation, so I do not worry about unexplained losses.Īs of April 2021, there are three versions of Holly that can assist you in trading: Undoubtedly, besides AI, the platform has various features that can help you analyze stocks on your own. The platform has been used to find opportunities for day traders since 2003. Trade Ideas is unarguably one of the best stock trading bots accessible to retail traders. It is essential to read the instructions or watch the tutorials before risking your capital. As a result, huge losses from these two sins will be out of the question.įinally, you may or may not need any background knowledge to start using these AIs to trade stocks. Fear and greed cannot cause your trades to be irrational. It eliminates human emotion from the entire decision-making process.Moreover, its recommendations are based totally on market data and evidence. AI can spot trends and changes much faster, more comprehensively, and accurately than humans.I believe the strength of AI trading software lies in these facts as follows. Thus, you will inevitably incur some losses in your portfolio. It does make mistakes in providing trade signals.įurthermore, the stock market is volatile and can be completely unpredictable (i.e., black-swan-like market conditions or adverse events). Although AI is powerful in analyzing immense amounts of data, it is still far from perfect. Secondly, using AI does not mean your trades will always be profitable. It is then vital that traders and investors select one that suits their trading style and risk level. Hence, no AI trading tool works universally for everyone. Some software works best for day traders, who profit from daily fluctuations on the stock market, while others may be more helpful if you invest in a longer timeframe. Nevertheless, as we always value integrity and prioritize your interests, you can rest assured that all products in this post are presented truthfully.īefore proceeding with AI trading tools, these are essential points that you need to know beforehand.įirst, although all the tools in this list are AI-powered, they are essentially different.
We will receive a small commission if you subscribe to these services. You can freely choose the one that fits your trading style the most.ĭisclosure: This post from Victory Tale contains affiliate links. Thus, in this post, I have listed the three affordable and excellent AI stock trading software that yields excellent trading results. However, it is not.Ĭurrently, retail traders can access the technology through stock trading software products that utilize the power of artificial intelligence. Some may believe the usage of AI in stock trading is limited to professionals or high net-worth investors. Many top financial institutions such as Goldman Sachs have been using AI for several years. Traders and investors can use AI not only in price prediction but also in decision making, portfolio management, and many others. Still, many might wonder how traders can utilize the power of AI in stock trading. As Artificial Intelligence (AI) develops rapidly, AI has gradually become a significant force in the financial markets.
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