Basics

How to Trade Forex with Artificial Intelligence


You’ve probably already heard about Artificial Intelligence (AI) and how it is helping people across various industries in many daily activities 🤖. According to JPMorgan, nowadays, 90% of trading is run by computers, algorithms, and passive managers. This means that if you want to invest, you will need equivalent trading tools to compete, and we can help you with our free AI investment platform.

Here at Wiseinvest, we developed a powerful automated AI trading system, which can make projections about the forecast of forex market prices and automatically invest for you in your broker account. It is the most efficient, simple, safe, and affordable way to invest money and trade forex.

💡📌 Forget embarrassing forex trading platforms and wasting your time doing market analysis. Artificial Intelligence can do this job much more efficiently, making forex trading simple. Read this article to learn more about automated AI trading.

🎯  We expect to help you invest in forex efficiently and improve your results. Get extra forex trading insights from leading finance experts on the trading Academy and on our free forex Telegram channel.

💹  When trading forex, we suggest you consider long term results.

What you can learn ahead🎓

  • What is AI and how it works in trading
  • Why manual trading and “old” robots trading are no longer efficient
  • How to use AI to trade forex
  • Why manual forex signals providers are no longer the best choice
  • Does MT4 or MT5 work with AI?
  • Why Wiseinvest’s AI trading is the best solution.

Our AI can help you trade

Nowadays, fundamental discretionary traders account for only about 10 percent of the trading volume. So how do you compete against super-fast trading systems? With the use of our AI trading system, we create what we call democratic investing 💹. That way, anyone in the world can trade efficiently and increase the chances of achieving above-average forex returns, regardless of the level of investment experience, from just $1. It just links a broker on our dashboard and enables our AI to automatically trade in your account. You can also trade manually with our AI forex signals in the broker of your choice.

So, whether you are a beginner or a professional trader, we can help you trade forex, save time, and improve your performance with artificial intelligence. Let’s understand a bit more about AI trading ahead.

📲 The dynamics of the market have changed and we have to agree that we need machines to do many things better, especially in the field of the forex trading market. From this point of view, the providers of manual forex signals are no longer a great choice. AI is the best forex trading solution and you can use it now for free wherever you are.

What is AI? 🤖

Here we will give you a technical overview of Artificial Intelligence. Basically, AI is a field of computer science where the use of code and math allows the software to behave in a way that demonstrates intelligence when faced with complex problems.

There are different branches of AI, such as Deep learning, Machine learning, and Natural Language Processing (NLP), although many of these fields can overlap.

🦾 We have been working to make AI affordable and simple for everyone. Thus, despite all complexity involved in developing an AI trading system, with Wiseinvest you can use AI to trade in a very simple way. Get started free.

Also, certain uses for AI may apply only to images and visual graphics processing, whereas other AI-based algorithms process raw data such as number or raw machine code, known as binary data.

📌 In summary, AI enables computer-driven machines to learn, quickly evaluate scenarios, adapt, and make decisions, and compute results.

AI can be smart and intelligent, learning from success and past mistakes. A key feature of automated AI trading, compared to merely automating something, such as forex robots, is the ability to understand which are the best and worst decisions to be made, for a given task and data set. In other words, our AI trading system can learn and quickly adapt itself to improve its trading performance.

Our AI is also able to draw predictions about the near future, based on specific historical data, such as analyzing weather data or forex trading patterns. You can check all trades made by our AI and see how it performs in forex here.

Unlike humans or other technological resources, AI can make an enormous amount of accurate decisions in a fraction of the time, down to milliseconds. These skills make AI a very powerful tool for use in forex trading.

Depending on the structure of the math algorithms used with AI, certain calculations can be made in linear time, compared to exponential time, often referred to as Big-O notation. Here is an example of various problems that AI can tackle and their respective Big-O notation (📐 It’s quite technical, but when using our AI trading system you do not need to concern about these complex things):

trading-artificial-intelligence

As we can see above, certain operations can take much longer even when using AI, depending on whether the problem can be considered to require O(n!) computations or possibilities to go through, compared to a faster operation such as O(n).

Of course, the machinery used also matters for a given AI-powered system, such as the amount of Random Access Memory (RAM), and the speed of your Central Processing Unit (CPU) or Graphical Processing Unit (GPU), including the number of core processors available and the ability to parallel process data.

Furthermore, there can be a huge difference in speed if you are running low-level code on the command line, compared to having to use a third-party platform or at the application level.

Wiseinvest has taken steps to help ensure that the AI trading system can handle a multitude of circumstances in the financial market, regardless of the amount of tick data that we are analyzing from the forex market.

trading with wise signals

The challenges to forex traders 🧗🏽‍♂️

Fifty years ago investing was a distinctly human affair. “People would have to take each other out, and dealers would entertain fund managers, and no one would know what the prices were,” says Ray Dalio, who worked on the trading floor of the New York Stock Exchange (NYSE) in the early 1970s before founding Bridgewater Associates, now the world’s largest hedge fund.

Now, investors around the world are finding it difficult to diversify their portfolios in this unstable global environment 😷. The global pandemic has reversed the course of major economies and has exacerbated declines in growth in, already problematic, emerging market economies.

Very experienced traders usually make money by investing based on a set of systematic tactics, using technical and fundamental analysis, along with sentiment analysis.

However, to make money actively, forex traders need to be present behind their trading software to monitor and manage their investment strategies. The challenge for them is that the forex market is:

  • Huge (lots of information)
  • Fast (multiple updates)
  • Volatile (significant changes)

The standard approach to using trading software or robot traders for forex may not be enough for you to handle a great variety of financial market opportunities automatically.

In other words, to be more accurate in your forex trading operations, you need more data analytics, experience, strategies, a better understanding of new economical influences, and more computational power. So, this set of problems can be resolved by our automated AI trading.

Building an automated AI trading system 💻

Even high-frequency trading (HFT) companies faced significant technical challenges related to the speed and size of the data sets they employ.

For example, “tick data” (which contained price data for each price update down to a fraction of a second) for a day’s worth of trading on an instrument can contain around 60 million lines. Each line reflects the state of the broker’s order book.

Supposing that an HFT company was trading 10,000 instruments in various locations. This meant that one day of trading data contained approximately six hundred billion lines.

Files of this size were too large to be handled in software programs like Excel. The single instrument file can take hours to load in other programs like MATLAB, and cause them to freeze or crash.

Now, if you’re thinking about making a Nasdaq assessment, that stock exchange alone has nearly 3100 equities. It’s an enormous job.

More importantly, this data had to be analyzed and acted on in microseconds as it arrives in real-time, not merely loaded for analysis at the end of the day. Beyond overcoming these data processing problems, an HFT firm needs to find a profitable trading strategy which is another enormous challenge.

The role of Big Data in AI trading

It is important to note that all of these advancements in artificial intelligence are made possible by, and otherwise depend on, the emergence of big data. The ability of a computer algorithm to generate useful solutions from the data relies on the existence of a lot of data. More data means more opportunity for a computer algorithm to find associations. And as more associations are found, the greater the accuracy of predictions. Just like with humans, the more experience a computer has, the better the results will be.

This trial-and-error approach to computer learning requires an immense amount of computer processing power. It also requires specialized processing power, designed specifically to enhance the performance of machine learning algorithms. Our AI trading is designed through a multi-layer system able to quickly learn over massive amounts of data to find the best signals to trade.

Experience helps, but doesn’t resolve the problem

I have traded for more than 14 years – stocks and forex – and besides my personal experiences, over this time I took a bunch of very useful financial and trading courses, to learn with the best experts in the world in this field. I learned the secrets of trading and what the very successful traders do differently.

Additionally, I have tried most of the best brokerages and supportive tools for trading: automated indicators and charts, Robo-advisors, trading robots, and so on.

The balance is positive: I took more profits than losses. However, the results could be better and faster, if I had all the best investment strategies available and super-powerful software. I would have also saved a lot of time in my trading experiences.

The main point is: a very intelligent and experienced professional without AI-based software, is naturally limited. Even the best investor equipped with successful trading strategies sometimes loses money, and while the same can be said for AI, you retain more control in many cases.

This is because software without a properly trained AI does not learn to react in unpredictable scenarios. Thus, this ends up taking the professional to an unknown space where the result can be a disaster.

How to use AI to trade forex 🤳🏽

What we here at Wiseinvest created is a powerful automated AI forex trading system that bundles the best investment strategies to help traders target above-average profits over in the forex market. Read this article to learn more about forex trading.

We would say that it is the investment democracy because our platform can help everyone – non-experienced, hands-off and experienced investors in a seamless way to trade forex from just $1. With us, you can trade better than a professional, even if have never invested before. All that is required after you subscribe is just link a broker account for trading automated and enable the AI Trading. It takes just 3 minutes and will help you save time and improve your forex trading performance.

The best way to invest and trade forex 🏆

Would you like to improve your forex trading performance or are you out of time to invest? We can help you. Check out the two ways to invest with our AI in forex:

Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.

automated trading with ai bot

By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Automated AI trading benefits ✅

  • Setup in 3 minutes.
  • Totally hands-off, from anywhere.
  • Invest from just $1.
  • APY of 40% over the past 13 years*.
  • Capital protected under the brokers
  • Lightning-fast execution & no slippage.
  • No commissions, no management fees.
  • Portfolio with 40 different automatic strategies.
  • No MT4/MT5 or other platforms required.
  • Test with a risk-free practice account.
  • Trading results directly on our dashboard.

Don’t you have a broker account yet? Our AI is integrated to trade automated with the brokers Oanda and FXCM. Click here to open an account with FXCM or here to open with Oanda.

Manually with AI forex signals

Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.

Each AI forex signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

Check out how to trade with our AI forex signals.

  1. Subscribe to Wiseinvest
  2. Open a Brokerage account. Check this article about the best forex Brokers
  3. Set an amount and a position size on our dashboard
  4. Our AI will send you real-time trading alerts by email and Telegram
  5. Copy the signals and paste into your Brokerage account.

All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.

Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.

To assure the quality of the AI trading system, our multi-layer platform is integrated with AWS, IBM Watson, and Google AI.

What happens after linking a forex broker account with AI trading

  • The AI will automatically invest on average every 12 hours in your account.
  • There will be up to 60 trades per month (Monday – Friday).
  • You can enable and disable AI whenever you want.
  • Check your trades on our dashboard or the brokerage.
  • You can link more than one broker at the same time.
  • You don’t need MT4 / MT5. It’s all on our dashboard.
  • Your capital is protected under the broker.
  • Your personal data is protected by us.

Would you like to try our automated AI trading for free in a risk-free practice account? Get started here.

How much you can make with AI

To better understand what is success at trading, in stocks, the S&P 500 average historical annual return is 8% ~ 12%, and in 2016 the overall average was 5.4%. According to Bloomberg.com and hedgefundresearch.com in 2018 the best 20 Hedge Funds earned 16.66% on average.

🎖  Meanwhile, our AI trading system averaged 38.21% per year, with an accumulated compound return of 3,345% from 2011 to 2020 💰.

Click here to find out how we calculate our performance. You can also check out our Track Record page, related to live-trading on real forex brokerage accounts. Yes, we trade in a live account using our own AI system and money.

The following chart is the performance of our AI trades from 2011 to 2020, on an out-of-sample basis. You can try the profit calculator since 2007 with our AI trading system by clicking here.

forex trading

There are also some staggering hedge funds trading with HTF and quantitative trading,  sometimes earning returns of about 40% as well.

However, such funds or proprietary trading firms are limited to just a small group of investors and have complex or restricted processes to get access, even with a large amount to invest. They can also have many hidden fees.

😢 Even though, investing in hedge funds does not exactly mean success. Most HFT companies get annual returns under 10%, and all of those lose money somewhat (like any system, it is not just profiting all the time). And in this case, who pays the bill? The Client. Therefore, you always have a risk.

Wiseinvest aims to be affordable and gives you access to free content and if you are considering the forex, you may start investing from just $1. You may also enjoy our free financial education on our platform to learn best practices on trading, and subscribe to AI trading or free AI forex signals when you are ready to start following our trades powered by AI.

What is the AI performance in forex trading?

The Win Rate of our AI shifts as indicated by the period and can reach up to 95%. The performance depends on the proficient wilderness estimation metric, which implies that our model is beneficial at whatever point the Win Rate is more prominent than 60%. All techniques of our AI Trading framework look for stable returns and adequate outcomes to accomplish a normal return of 40% every year (APY), without the utilization of high influences.

We comprehend that what is important in forex trading is the conclusive outcome. Along these lines, the financial specialist needs to consider that Win Rate isn’t generally the best measurement to gauge execution in forex, as other signals suppliers unveil. For example, out of 100 exchanges, it is conceivable that lone 1 exchange is sufficient misfortune to make the 99 exchanges not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).

We center around 40% of APY and not simply on Win Rate.

It is basic to see that forex brokers may charge spreads, commissions, and overnight expenses in your trading account, and these elements can influence the AI execution. You can check our forex trading history to see more about AI Trading execution clicking here.

How much do I need to trade forex with AI?

You can begin in forex with free AI forex signals or automated AI trading and start investing from only $1 in the best forex brokers. It is likewise conceivable to test utilizing a risk-free practice account with our automated AI trading. In any case, to do efficient risk management, we recommend you start from at least $100.

What is the trading strategy of our AI?

Our AI trading is the mix of various AI systems, with more than 100 features, that define 40 proprietary strategies which at the same time consider: Quotes of the 28 forex pairs, Supports, and Resistances in various time periods, Trends and Counter-patterns, Cross-markers, Index of each pair, Economic Calendar, Investors Sentiment.

Our AI examines those fundamental, technical, and sentiment factors that influence forex trading, and all models are assessed continuously utilizing various loads. In the wake of finishing the investigation, the decision of the signal emanation technique is made considering the improved probability of momentary benefit and the sum accessible for speculation.

Using technical analysis, our calculation considers not just the examples of different patterns, including backing and obstruction levels and cross-pointers, yet our AI is likewise ready to make its own ongoing record for every money pair, that is utilized to distinguish what is the best course and target.

Comparable to fundamental analysis in forex, the AI makes a connection inside the financial schedule to discover news information that can influence explicit cash sets.

Does MT4 or MT5 work with AI?

A frequent question we have received from forex traders is regarding the use of AI on MT4 or MT5It is important to make clear that MT4 does not support AI and many websites out there have been promoting this sort of service (MT4 with AI).
You should also be wary of free forex signal providers and fake professional traders who may be scammers displaying that they offer AI through MT4. The native trading code solutions of Metatrader are not able to fit AI software.
⚠️ The only way to use AI via MT4 or MT5 is to connect it to an external source, on which the AI can execute, mirroring the negotiations on MetaTrader.
With Wiseinvest automated AI trading, you do not need MT4 or any other trading platform. You just need to link your forex broker account directly on our dashboard and enable the AI trading in 1-click.

Why choose Wiseinvest instead of other trading solutions

These are the main reasons why forex traders at all levels trust us, rather than other trading solutions.

  • Our automated AI trading is efficient, simple, safe, and affordable. You do not need MT4 or other complicated platforms to trade forex.
  • We are a legitimate and reliable company with extensive experience in finance. We combine 19 years of trading experience and extensive academic research in the financial markets.
  • Our AI outperformed the investment market with an average annual return of 42% over the past 10 years (2011-2020).
  • The automated AI trading works with some of the best forex brokers.
  • When using our AI solutions, all your money is protected by brokerage firms.
  • We do not have access to withdrawals from our customers’ accounts.
  • All of your data is encrypted and will never be shared.

Takeaways🎓

  • Evaluating an enormous quantity of analytics data for trading is very complex, costly, and time-consuming. The good news is that Artificial Intelligence can help you invest better.
  • AI can be a very powerful predictive tool if implemented correctly, due to its ability to evaluate scenarios, learn quickly, adapt, and make the right decisions or give accurate suggestions for decision making.
  • If you want better results from investing in forex, Wiseinvest provides automated AI-Trading and real-time Forex signals, plus financial education content, wherever you are in the world.
💪 We are committed to offering the best results and democratizing the retail forex market. We work hard to provide financial education, allow anyone in the world to invest easily with the broker of your choice with free AI signals and automated AI trading.

For those who do not have time to trade or for those who are already professionals, our tools will make your life easier and help you get better returns. It just links your broker account and enables the automated AI-Trading. We do the hard work so you can get a good night’s sleep.

👨🏾‍💼👩🏻‍🔧👨🏿‍💼🧑‍💼 Our team is formed by experts specialized in data science, economics, commerce, statistics, mathematics, and business. They created the most accurate technical and fundamental trading strategies to create an AI trading system. Our team trained for more than eleven years and achieved brilliant results trading forex.

Enjoy other free articles about forex trading on the trading Academy and on our free forex Telegram channel.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.