Is there any Impact of AI technology in Trading?
Is there any Impact of AI technology in Trading?
Is there any Impact of AI technology in Trading? or can it automate the trading process? IMO AI is not producing any benefit to humans because using the AI many companies will build robots and the need of humans will be ended. There will be no need of humans anymore, the unemployment rate in the world has already increased too much, & do you know that the salary you are getting paid is just nothing? $8K-$16K per month are even nothing to anything. The minimum salary a human may deserve should be equivalent to the cost a human pay to save his life in the hospital. Maybe AI can reduce the cost of operations but it does not resolve the issue yet, because the unemployment rate has been increased too much. Can you decrease the unemployment rate using the AI technology? or Governments and Banks should pay free money to the people who are unemployed? My question is that if AI automates everything in the future, so there is no need of employees left then how the people will be getting paid? as everything will be done by robots?
If it would be an ideal world and the planet’s resources would be used at the maximum potential then a universal basic income would be viable (free money) – that would cover all the basic needs of a person like shelter and food. Then if a person wants to achieve higher levels of life quality or social presence he/she should go and pursue a career, etc. With all these I still think that there should be some requirements for getting the UBI specific to different zones on our planet like having to go through education and not drop out, etc.
I think the AI technology will only free our time from all those mundane, repetitive tasks so we can focus on more creative things. Humans are not robots – we are creative and can create wonderful things. Through AI traders basically automate trading strategies and/or find new ones. Of course that will have some repercussions on the market behavior, but still the same rules apply – buy low, sell high to make a profit.