Goto

Collaborating Authors

How Much Artificial Intelligence Has Changed the Forex Trade

#artificialintelligence

The use of Artificial Intelligence is limitless. It has already impacted almost any segment of our lives. It helps us get feedback from brands in real-time; it minimizes the risk of human error and automates most of our daily activities; it improves the photos we take on our smartphones; it assesses our creditworthiness, and so forth. One of the markets that benefit from artificial intelligence and Machine Learning most is forex trading. Namely, forex is the ever-growing industry that is worth $1.93 quadrillion.


Army of Japanese, eager to make extra money, rocking global currency markets

The Japan Times

Watanabe" -- the canny Japanese housewife who dabbles in currency trading in between school runs and shopping -- barely begin to tell the story of the nation's retail traders in the foreign exchange market. With almost 800,000 active forex accounts, Japan boasts the world's most powerful force of retail traders. It has doubled in size in little more than a decade and spurred some of the most dramatic price moves of recent times, including the January "flash crash" that hammered the dollar and sent the yen soaring. Watanabe," most of the traders are middle-age men, who've been driven into the market by years of ultra-low interest rates. They toil in offices by day and trudge home to moonlight in foreign exchange, hoping to build a family nest egg in a country where banks pay savers next to nothing.


Army of Japanese, eager to make extra money, rocking global currency markets

The Japan Times

Watanabe" -- the canny Tokyo housewife who dabbles in currency trading in between school runs and shopping -- barely begin to tell the story of Japan's retail traders in the foreign exchange market. With almost 800,000 active forex accounts, Japan boasts the world's most powerful force of retail traders. It has doubled in size in little more than a decade and spurred some of the most dramatic price moves of recent times, including the January "flash crash" that hammered the dollar and sent the yen soaring. Watanabe," most of the traders are middle-age men, who've been driven into the market by years of ultra-low interest rates. They toil in offices by day and trudge home to moonlight in foreign exchange, hoping to build a family nest egg in a country where banks pay savers next to nothing.


Pandemic spurs forex trading surge among Japan's teleworking salarymen

The Japan Times

The COVID-19 pandemic is fueling a surge in currency trading by retail investors, who are discovering that working from home means they can moonlight in the market during the daytime. Trading volume in margin accounts held by individuals more than doubled last month, just as volatility in the dollar-yen exchange rate spiked and Japan began to get more serious about social distancing. The nation boasts the world's most powerful force of retail forex traders, with almost 1 million margin accounts, and the recent change in their behavior is significant for global markets. Until now, most of them had been active at night, during European and U.S. trading hours, and their go-to trade was selling the yen to buy high-yielding currencies, often in emerging markets. One 14-year veteran of Japan's retail trading scene said that he'd intensified his trading activities since he started to work from home in late February."I've


Could AI Every Fully Replace Human Financial Traders?

#artificialintelligence

AI was once seen as a futuristic technology that you would only see in Sci-Fi films, but huge developments have been made in recent years and it is now being used in all kinds of incredible ways and transforming life. The role of AI in the trading world is becoming increasingly prevalent in certain markets, but the question remains: could AI ever fully replace the human element in the trading markets? AI uses machine learning and is capable of gathering, analysing and interpreting enormous sets of data to reveal patterns and trends and to predict behaviour which would otherwise be very hard to do. This means that this type of technology can be used in many different industries and it has become an important part of life. AI is becoming more prevalent in the trading world because it can accurately predict changes, it is helping many people to make smarter investing decisions with less risk and it is removing human emotion from decisions which is so important to success.