What is AI trading?
AI trading is like having a smart assistant for your investments. It makes trading judgments using artificial intelligence (AI), which is similar to a computer learning from a large amount of data. Big hedge funds, such as Bridgewater Associates, have long used artificial intelligence (AI). Regular folks can now utilize artificial intelligence to trade. There are several sorts of AI trading tools. Some trade entirely for you, much like a robot. You only need to set it up, and it will trade automatically. Others assist you in managing your investment portfolio by selecting the optimum asset mix for your needs. The AI robot employs cutting-edge technology to determine whether to buy or sell. It considers a wide range of facts, including market trends and corporate data. Some AI systems can even examine multiple price charts simultaneously, which humans cannot do easily.
AI trading is similar to having a smart friend who helps you make better financial decisions by leveraging machine intelligence.
1. Coinrule
Meet Coinrule, an easy-to-use artificial intelligence trading platform ideal for beginners. It’s like having a knowledgeable assistant for your deals. Coinrule provides ready-made trading ideas including “Buy the Dip,” “Catch the Swing,” and “Uptrend Flash Crash.” These programs allow you to make wise decisions, such as purchasing low and selling high. But here’s the best part: you can design your own strategy utilizing Coinrule’s simple “If This, Then That” approach. It supports famous exchanges such as Binance, Kraken, and Gemini, making it extremely convenient. Even if you are new to trading, CoinRule has you covered. You can test it out for free on 20 exchanges. If you require additional features, there are other options to pick from, including one-on-one training sessions and quick trade execution. Coinrule never sleeps, allowing you to trade around the clock. Furthermore, they provide a practice area where you can try your methods without risking real money. It’s like a trading playground!
Whether you’re a beginner or an expert, Coinrule makes A.I. trading simple with its ready-made plans, quick customization, and support for a variety of exchanges. Dive into the world of A.I. trading with Coinrule’s user-friendly interface and intelligent features.
| AI Trading Platform | Coinrule |
|---|---|
| Type of AI Trading Tools | Coinrule offers pre-built AI trading bots created using the IFTTT (If This Then That) model. |
| Supported Assets | Cryptocurrencies |
| Fees | Coinrule follows a four-tier subscription payment plan, starting from free and going up to $499.99 per month. |
| Minimum Deposit | The minimum deposit varies depending on the chosen cryptocurrency or payment method. |
| Minimum Investment Requirements | Coinrule does not impose any minimum investment requirements. |
Features
- Demo rules
- Unlimited exchanges
- Connected exchanges
- Leverage strategies
- Live rules
- Template strategies
- Advanced Indicators
- Cost
- Execution speed
- Free access to the trading community
- Live telegram notifications
- Trading View integration
- Dedicated server
- Security
- Automated trading
- Customer Service
2. Capitalize.ai
Meet Capitalise.ai, a straightforward AI trading platform that allows you to automate your transactions with simple text inputs. No coding skills are required! Simply tell the AI bot what you want, such as buying $1,000 of Visa stock when the RSI reaches 72.
What’s nice about Capitalize? AI is intended for everyone. You do not need to be a professional to use it. It provides you with the tools you need to trade smartly while avoiding large risks. Capitalize.ai allows you to test your strategy by comparing it to previous results. It provides a report with information such as the number of trades, profitability, and return on investment. You can also test your technique in a simulation with fictitious money, so you don’t lose anything. Capitalise.ai partners with leading online brokers such as Interactive Brokers and Fidelity, as well as FX brokers such as FX.com and AvaTrade. It’s free to use right now, but they may begin charging soon. Dive into the world of automatic trading with Capitalise.ai, which is simple, smart, and powerful!
| AI Trading Platform | Capitalise.ai |
|---|---|
| Types of AI Tools | Build your own trading bot with easy text commands. Enjoy AI backtesting and simulated trading. |
| Supported Assets | Trade everything—stocks, forex, commodities, and cryptocurrencies—through partnered brokers. |
| Fees | Right now, it’s totally free! However, keep in mind that trading fees come from the broker you link Capitalise.ai to. |
| Minimum Deposit | It depends on the broker you choose to connect with Capitalise.ai. |
| Minimum Investment | There are no specific requirements. |
Features
- Trade Timing
- Dynamic Entry Price
- Smart Notifications
- Pattern Monitoring
- Trade the news
3. Magnifi
Magnifi is a new app for your phone that employs clever technologies to help you manage your money. It’s like carrying a friendly robot counselor in your pocket! Magnifi is ideal for beginners who need help with their finances. All you have to do is talk to Magnifi to get advice. Here’s how it works: You inform Magnifi about your financial condition and goals. For example, you could declare, “I have $300 to invest each month; I’m 20 years old, and I want $2 million by the time I’m 55.” Magnifi may ask a few additional questions, such as whether you have a retirement account. Magnifi begins working as soon as it determines what you need. It recommends which companies to buy based on your goals. Magnifi integrates with other financial apps like Robinhood and E*TRADE, which is cool. This means you can track your money in real time. Magnifi may even recommend selling or buying stocks to protect your money. Magnifi is always there for you, like a helpful buddy. CNBC even compares it to having both a wise friend and a money app! You can purchase and sell stocks and ETFs directly from the Magnifi app. They don’t charge you extra for trading, and any additional money you have in the app might help you make more. The app charges a small amount per month, starting at $11.
So, if you’re looking for a friendly companion on your money trip, Magnifi is here to help you understand and grow your finances—easily, simply, and right at your fingertips!
| AI Trading Platform | Magnifi |
|---|---|
| Types of AI Tools | An AI-powered money helper crafts portfolios to meet your goals. Supports free trading for 15,000+ stocks and funds. |
| Supported Assets | Stocks and funds |
| Fees | The monthly fee starts at $11. There are no extra charges for buying or selling stocks or funds. |
| Minimum Deposit | None |
| Minimum Investment | You can invest a little bit, but they don’t say how little. Fractional investments are supported. |
Features
- Bluetooth enabled
- External wireless subwoofer
- Hdmi output with arc
- Cinematic surround
- Easy Setup
- Multiple sound modes
- Polk VoiceAdjust
- Clear dialogue with polk voiceadjust
- Complete wireless home audio entertainment
- Exclusive full complement deep bass technology
- Night effect
- Stream your music
- Year warranty
- Wall mount Template
4. Trade Ideas
Meet Trade Ideas, a remarkable AI trading platform that is extremely useful when deciding which stocks to purchase or sell. The star of the show is Holly AI, an incredible technology that scans millions of trade opportunities on a continuous basis. It notifies you in real time when it identifies a suitable opportunity. Holly AI not only recommends which stocks to trade, but it also provides you with the appropriate starting and stopping prices. This means you can trade without having to conduct all of your own research. Just keep in mind that using Holly AI requires the Trade Ideas premium subscription, which costs $228 per month. If you pay for the entire year in advance, it is slightly less expensive at $167 per month. Even though the premium plan is expensive, it has some amazing features. The backtesting tools allow you to see how well Holly AI’s suggestions perform without risking any actual money. You also gain access to 20 beautiful charts with technical and economic information. Chart types include candlesticks, lines, bars, and HLCs.
Trade Ideas is a robust platform for making smart stock trading decisions, particularly with the support of Holly AI. It’s like having a knowledgeable friend guide you through the stock market.
| AI Trading Platform | Trade Ideas |
|---|---|
| Key Feature | Holly AI scans millions of trades 24/7, suggesting stocks and providing entry and exit prices in real-time. |
| Subscription Cost | $228 per month, but you can pay $167 monthly with an annual plan. |
| Additional Features | Backtesting tools for risk-free performance assessment and 20 premium charts with various indicators (candlesticks, lines, bars, and HLCs). |
Features
- Real-Time Market Scanning
- AI-Driven Trade Signals
- Customizable Alerts
- Advanced Charting Capabilities
- Time-Saving Data Visualization
5. OKX
Meet OKX, one of the biggest crypto exchanges globally, offering a bunch of AI robots to make your crypto trading easier. They have ready-to-go bots that can do things like arbitrage trading and order slicing. The best part? OKX’s own bots are totally free to use. But wait, there’s more—they also have a marketplace with over 1,000 bots made by other people. In this marketplace, you can find bots that specialize in different pairs, like BTC/USDT with 20x leverage. One of these bots has made a profit of 16.34% since it started. The cool thing about third-party bots on OKX is how they charge you. If the bot makes you money, you share a part of the profit with the bot creator (usually 10–30%). And when it comes to fees, OKX is awesome for having really low trading fees—just 0.10% for each trade your bot makes.
So, if you want to try out crypto trading with the help of AI, OKX is a great place to start. They’ve got a variety of bots, low fees, and it’s beginner-friendly. Happy trading!
| AI Trading Platform | OKX |
|---|---|
| Types of AI Tools | pre-built bots developed by OKX |
| Marketplace with 1,000+ bots from other creators | |
| Supported Assets | Cryptocurrencies |
| Fees | OKX bots are totally free to use |
| Third-party bots share 10–30% of profits | |
| Trading fees: 0.10% per slide on each position | |
| Minimum Deposit | Depending on the cryptocurrency or payment method |
| Minimum Investment | There are no specific requirements |
Features
- 320+ tradable currencies
- Low trading fees
- High Leverage Options
- Global Availability
- Demo Account
- Copy Trading
6. MT5
Meet MetaTrader 5 (MT5), a popular trading software that works with a variety of online brokers. People adore it for its colorful charts, indicators, and data tools, but did you know it’s also great for employing AI to trade automatically? This is how it works. Go to the MQL5 marketplace, which is linked to MT5, where you can find a large number of robots created by others. These robots utilize artificial intelligence to buy and sell items for you. Click on a robot to learn more about its AI capabilities, strategy, and previous performance. Other traders even write reviews regarding their experiences with the robot. Once you’ve found a robot you like, pay for it and install it in your MT5 program (Windows, Mac OS, or Linux). One cool robot is ‘AI for Gold.’ It makes AI-based predictions about gold prices and has several risk settings. The medium-risk setting expanded by 19% in 11 weeks, while the high-risk setting increased by 315% in 25 weeks. This robot costs $649 for lifetime access, or $180 per month.
MT5 does not charge you to use it, but you must pay for the robot you select. Simply link your MetaTrader 5 program to a broker. Make sure it’s a reputable broker who respects the rules, charges reasonable fees, and allows you to test the waters with a demo account. MT5 also allows you to test your robot against historical data to see how it might have performed in the past. Simply put, MT5 facilitates AI trading, and you may locate robots for a variety of purposes, including FX and stocks. Choose a robot, configure it to your specifications, and let it trade for you!
| AI Trading Platform | MT5 |
|---|---|
| Types of AI Tools | marketplace with thousands of AI trading robots |
| Upload the chosen robot to MT5 for 24/7 AI-driven trading | |
| Supported Assets | Stocks, cryptocurrencies, forex, commodities, and indices |
| Fees | No fees for using MT5 software |
| AI robot fees vary (one-time payments or monthly rentals) | |
| Trading fees depend on the broker you connect MT5 with | |
| Minimum Deposit | Varies based on the MT5 broker chosen |
| Minimum Investment | There are no specific requirements |
- Algorithmic trading
- Economic
- Metatrader market of trading applications
- Technical indicators
- Advanced market depth
- Expert Advisors
- MQL5 programming language
- Pending orders
- Secure
- Technical analysis
- Trading
- Analytic abilities
- Forex signals and copy trading
- Fundamental analysis
- Graphical objects
- Historical data analysis
- Time simulation in the strategy tester
- Timeframes
7. Tickeron
Introducing Tickeron, a clever AI trading platform ideal for automated strategies in stocks, ETFs, FX, and cryptocurrency. Tickeron is unique in that it uses AI robots to login to your brokerage account and trade for you. It supports equities, ETFs, FX, and cryptocurrencies, providing you with a variety of alternatives. One of its well-known AI methods is dubbed ‘Day Trader FOREX: Only Cross Currency Pairs.’ It focuses on specific pairs, such as AUD/CAD, EUR/NZD, NZD/CHF, and GBP/CAD, and holds onto them for approximately seven hours. The coolest part? This robot has generated a 98% annual return, which is quite astounding. Tickeron also allows you to evaluate your robot’s approach without risking real money by utilizing backtesting and simulated trading features. But here’s the thing: to use Tickeron’s AI robots, you must pay $90 every month. If you choose a yearly plan, you receive a 50% discount, making it $45 per month.
In a nutshell, Tickeron functions similarly to a smart trading assistant. It uses artificial intelligence to make trading easier, and you may experiment with various assets and tactics. Remember that it is a monthly fee, but you will receive a discount if you pay for the entire year. Happy trading!
Features
- Screener
- A i robots
- Trend Prediction Engine
- About tickeron
- Active portfolios
- Forex robots
- Pattern search Engine
- Stock analysis
- Stock signals
- Watchlist exchange
Is AI trading software safe and legal?
Simply put, utilizing AI trading software is legal, and many large hedge funds currently use it. However, there are several key factors to consider to ensure its safety. First and foremost, the regulation permits the use of artificial intelligence in trading choices. However, there are hazards. During a deal, the AI software may make mistakes, such as purchasing or selling the incorrect item. Additionally, AI can sometimes provide incorrect information. For example, a technology like ChatGPT may disseminate incorrect information. To be safe, you should test your AI trading software before investing real money. Keep an eye on its performance and make improvements as needed. Ensure that the AI’s risk management mechanisms are effective. This helps to limit losses and protect your money.
How Can I Use an AI Trading Robot?
To use an AI trading robot, you can follow these steps:
- Purchase a robot:
- Explore marketplaces like MQL5, which offer a variety of AI robots with different strategies for various markets.
- Choose a robot that aligns with your trading preferences and goals.
- Install the robot:
- Ensure the selected robot is compatible with your chosen trading platform.
- MQL5 robots, for example, are often designed for the MetaTrader 5 (MT5) platform.
- Download and install the robot according to the instructions provided.
- Select a supported trading platform:
- Popular trading platforms like MT5 support a wide range of AI robots.
- Connect the trading platform to a supported broker. MT5 is compatible with brokers such as Forex.com, Libertex, Pepperstone, and AvaTrade.
- Connect the platform to a broker:
- Once your trading platform (e.g., MT5) is connected to a compatible broker, you can link your trading account.
- Upload and activate the robot.
- After successfully connecting to a broker, upload the purchased robot to your trading platform.
- Activate the robot within the platform, allowing it to execute trades on your behalf.
Is AI trading profitable?
The profitability of AI trading is determined by the approach adopted, which varies greatly. The quality of data available to the AI is the most important component. To make lucrative decisions, AI needs accurate and up-to-date information. It also uses technology, such as machine learning, to respond to changing market conditions.
Well-designed AI trading bots can react faster than humans and process a large amount of data at once. For example, whereas a human trader could evaluate one currency pair at a time, AI could analyze dozens of charts simultaneously. However, it is important to realize that not all AI trading systems are profitable, and previous success does not guarantee future returns. As a result, comprehensive backtesting is critical in determining the efficacy of an AI trading strategy.
Conclusion
To summarize, artificial intelligence is altering the world of investment, bringing huge changes. While hedge funds have long embraced AI, it is now becoming more accessible to individual investors.
Coinrule is one of our recommended platforms for AI-based investments. It offers a cutting-edge AI marketplace driven by machine-learning algorithms.
Visit TheFiniteAI for more information.