AI makes share investing a simpler, richer experience
Artificial intelligence is changing investing, and will continue to do so. Its real power is to make investing simpler, providing richer, deeper information in the most accessible and easy-to-understand way possible.
This was the focus of a discussion between moomoo Australia market strategist Michael McCarthy and experienced business journalist Sean Aylmer of the Fear + Greed podcast.
Using AI on share-trading platforms is a light-year leap in simplifying the amount of data available to people investing in the sharemarket. These tools bring together key information in a simple, visual way that can be understood by moomoo users.
How is AI achieving this? The moomoo platform has AI-powered tools that tell you the risk level of a security you may consider investing in, and its price pattern, so you can get an idea of where it may be headed.
McCarthy says AI tools are nothing short of amazing in how they make the process of investing smarter and faster.
Take one example: an AI tool that tells you what the market sentiment is toward a security you may want to invest in. Moomoo's 'Technical Sentiment' combines 15 different technical indicators (calculations based on different aspects of a security) to give you an instant signal of 'bearish' or 'bullish'.
For stock price patterns, moomoo's AI tool will match the security you are looking at with other securities with similar patterns, and that is displayed to you for your consideration.
To manage risk, AI tools will judge the impact of a risk and deliver that information instantly.
"Whether you're looking at the short-sale analysis tool or the market position overview or the trade overview or capital trend or whatever it is, we use the power of algorithms to bring that information directly front and centre, without you having to lift a finger," explains McCarthy.
Moomoo also uses AI to allow users to set a variety of alerts, not just if a security price hits a certain level, but if the price soars or dives, or if there is unusual activity in a security. Our AI tools will recognise when that's happening and alert you. These alerts can also be sued to alert you to potential opportunities.
It's all about creating a richer, deeper, easier trading experience for moomoo users. All their trading decisions remain with them, but understanding and being aware of what's going is now vastly improved thanks to moomoo.
FEAR + GREED INTERVIEW: THE AI TOOLS THAT ARE TRANSFORMING TRADING
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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