AI and ChatGPT are revolutionizing stock trading, making it easier and more efficient

From Nasdaq: 2024-06-18 08:23:00

During her four-decade career on Wall Street, my mother experienced market crashes like Black Monday in 1987 and the Global Financial Crisis in 2008. Stock trading technology has evolved rapidly, from tube systems to internet-based trading. AI is now revolutionizing stock trading, with companies like Citadel and Microsoft investing in AI technologies.

Pioneers like Jim Simons and Ken Griffin have leveraged AI and technology to achieve success in the market. The AI revolution is in full swing, with companies like OpenAI and Microsoft launching ChatGPT, a consumer app that has taken off rapidly. Wall Street giants are already using AI to gain an edge in the market.

AI can make trading easier and more efficient. ChatGPT can help build trading indicators, analyze portfolio metrics, and provide information about markets. Use AI to quickly generate essential portfolio statistics and learn about complex market concepts with ease. Successful investors are leveraging AI to stay ahead in an ever-changing market environment.

The AI revolution is democratizing access to advanced technologies in the stock market. Retail investors can now use AI tools like ChatGPT to build custom indicators, analyze portfolios, and learn about complex trading strategies. By embracing AI, investors can gain insights and competitive advantages in a fast-paced market landscape.



Read more at Nasdaq: How to Use AI and ChatGPT for Stock Trading