Last update 2121.01.06
Nowadays, fundamental discretionary traders account for only about 10 percent of the trading volume. So how do you compete against super-fast trading systems 🤖? Plus, just using robots and supervised strategies for forex trading is no longer enough to become a successful trader. It turns out that the forex market has been increasingly affected by a complex variety of factors, requiring solutions capable of quickly analyzing massive amounts of data. So, this is how Artificial Intelligence (AI) can help beginners and professional traders to invest in forex and other financial instruments.
🎯 We expect to help you invest in forex efficiently and improve your results. Get extra forex trading insights from leading finance experts on our trading Academy and on our free forex Telegram channel.
💹 When trading forex, we suggest you consider long term results.
What you will learn here 🎓
- An overview of AI and automation in forex trading
- How to use AI to improve your trading performance
- What are the best forex brokers to trade with automated AI?
Regardless of your level of trading experience, in this article, we hope to help you with how you can trade forex using AI in a perfect way to get better performances than “old” forex robots.
Automation in forex trading
Since the popularization of forex, the market was saturated with robots for forex trading, and from retail to institutional traders, thousands of these forex robots across the world were touted as the next-generation technology that everyone wanted to have for trading.
Unfortunately, many forex trading systems from the past decade were short-lived and eventually could not adapt to changing market conditions. As a result, many forex robots and trading systems were overpriced and did not meet performance expectations.
Forex robots versus AI
Fast forward to today, AI (Artificial Intelligence) is the next-generation technology that is quickly changing industries and has now arrived in retail forex trading.
A key feature of automated AI trading, compared to merely automating something, is the ability to understand which are the best and worst decisions to be made, for a given task and data set. AI can be smart and intelligent, learning from success and past mistakes. In other words, AI can adapt itself to find the best trading strategies for specif scenarios in the forex market.
The point is that the forex market has become quite more dynamic since the inception of automated trading software. In this new much more complex scenario, forex robots must be able to analyze inherent massive amounts of data and quickly adapt themselves when needed. It turns out that as we discussed in this article about AI in forex trading, simple robot traders cannot handle big data like Artificial Intelligence.
Thus, here at Wiseinvest believe that most automated trading systems over the last decade are no longer effective because the forex market has become more efficient, in addition to trends lasting for shorter time-frames.
AI in Forex in 2020
Well, forex robots and automation alone are no longer enough to build a sustaining forex trading system, and the use of AI, such as machine learning and neural networks is the way forward.
🔬 🎯 Artificial Intelligence is a system capable of analyzing and learning in order to make predictions. The goal of using AI is to make our lives easier, doing complex tasks faster, better, and cheaper.
We at Wiseinvest can help with the mission of investing in forex. Through the use of AI, proprietary math, and our ability to incorporate fundamental news analysis algorithmically, we have developed a suite of 40 trading strategies as part of our automated AI Trading and AI forex signals service. We made the task of trading in forex, accessible, and efficient for everyone through AI.
How to trade forex with AI
For beginners or pro traders, there are two ways to invest with our AI in forex:
1. Automated with AI-Trading. Check out the 3 steps to trade automated with AI.
By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms. You can run your personal activities while the AI invest for you.
With our 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 check the AI trading performance in real-time directly on our dashboard.
Benefits of automated AI trading ✅
- Invest in forex from just $100.
- It is automatic, time-saving, and safe.
- An annualized average return of +42%* over the past 10 years.
- Setup in 3 minutes.
- Totally hands-free, from anywhere.
- Integrated with the forex best brokers.
- Your capital is protected by the brokers.
- Test with a risk-free practice account.
- Up to 60 trades per month.
- Automatic trades on average every 12 hours.
- You have full control of your broker account.
- Fast execution of trades.
- No commissions, no management fees.
- Automatic risk-management with low trading exposure of your capital (0.10% up to 0.65% per trade).
- No MT4/MT5 or other platforms required.
- Portfolio with 40 different automatic strategies.
- Trading results directly on our dashboard.
- Optional free forex signals.
- Trading alerts by email and Telegram.
- We have a team of professionals to support you.
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. Those are some of the best forex brokers in the world.
2. Trading manually with AI forex signals.
Wiseinvest also provides manual AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy each real-time signal from our dashboard and paste into any forex brokerage 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.
- Subscribe to a Wiseinvest Plan.
- Open a forex Brokerage account. Check this article about the best forex Brokers.
- Set an amount and a position size on our dashboard.
- Our AI will send you real-time trading alerts by e-mail and Telegram.
- Copy each signal and paste into your Brokerage trade room.
All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed over 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 without concern about the symbol quotation. 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 by clicking here, or get a Premium subscription that provides you unlimited AI signals for the broker of your choice and automated AI trading for 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.
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.
You can try our automated AI trading for free in a risk-free demo account. Get started here.
What is the AI performance in forex trading?
The Win Rate of our AI trading varies and can reach up to 95%. The performance of our AI trades is based on the an efficient frontier, which means that our model is profitable whenever the Win Rate is greater than 60%. All strategies of our AI Trading system look for stable returns and adequate outcomes to accomplish a return of 40% every year (APY), without the utilization of high leverage.
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 signal suppliers unveil. For example, out of 100 tradings, it is conceivable that lone 1 trade is sufficient misfortune to make the 99 trades not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).
We center around the arrival of 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 by clicking here.
How much do I need to trade forex with AI?
You can begin in forex trading with free AI signals or AI Trading records and make a store from only $100in the brokerage. It is likewise conceivable to test utilizing a hazard-free practice account with our AI Trading framework. In any case, to do a proficient hazard the board in genuine records, we recommend you start from at least $100. Notice that some forex brokers require diverse starting stores to trade forex.
What is the trading strategy of our AI?
Our AI procedure is the mix of various AI Trading frameworks, with more than 100 features, that characterize 40 distinct techniques 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.
Why trust 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.
- Despite the popularity of robots for forex, Artificial Intelligence has gained traction among traders and it is now the new generation of systems to trade forex.
- Wiseinvest provides helpful AI trading solutions for forex. You can trade automated through partner brokers with AI trading or manually with AI forex signals in the forex broker of your choice.
- You do not need MT4/MT5 or other trading platforms to trade forex with Wiseinvest automated AI system.
- You can get started with free AI forex signals and use a risk-free practice account.
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.