In starting this journey, you will require help from a community in telling you where to go and what to do in the world of trading. But now, let’s get into what to avoid! A lot of what you must avoid in choosing the trading community, will be in their use of language. In the following chapters, we will go through the warning signs to look out for during your decision-making process.
Today, we live in an era where technology advances exponentially and information is constantly changing. We’re not at the level of the Terminator, however, technology is taking over the world in a variety of ways. But not in every area!
The Forex market and other trading markets have seen a spike in ﬂash crashes. One example was a major price change in the Yen. Experts in all areas have been attributing these crashes to failures in algorithmic trading, where these predeﬁned strategies execute their programs. Leaving the owners behind those programs losing lots of money! In short, the world of trading calls this AI (artiﬁcial intelligence) trading, or robotic trading.
The problem is these predeﬁned programs execute their program no matter what is going on in the world. They’re unable to adapt to the subjective changes caused by world events. Meaning, the programs cannot adapt to implications that the real world shows. It boils down to this: the human mind is still more capable and adaptable than the most advanced computer program. Even when algorithms equal to, or in excess capacity of the human brain, there is something they won’t have—the ability to evolve and change.
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