CIOApplications
static-image
  • Home
  • Applications
      • Bioinformatics
      • Business Continuity
      • Business Intelligence
      • Chatbot
      • Collaboration
      • Custom Software Development
      • CRM
      • Enterprise Reporting Software
      • GRC
      • Human Resource
      • Indoor Positioning
      • InsurTech
      • Intellectual Property
      • IT Operations Management
      • IT Service Management
      • Low Code Platform
      • Maintenance Management
      • Managed IT Services
      • MarTech
      • Master Data Management
      • Mobile Application
      • Order Management
      • Parking Management
      • Procurement Tech
      • Publishing Software
      • Remote Monitoring
      • RFID
      • Sales Tech
      • SAS
      • Software Testing
      • Task Management
      • Unified Communications
      • Workflow
      • Workplace Management
  • Verticals
      • BioTechnology
      • Construction
      • Contact Center
      • Education
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Legal
      • Logistics
      • Manufacturing
      • Travel and Hospitality
      • Utilities
  • Technologies
      • Agile
      • API
      • Artificial Intelligence
      • Blockchain
      • CAD/CAM
      • Cloud
      • Cyber Security
      • Data Analytics
      • Data Center
      • Digital Transformation
      • Graphics
      • IoT
      • Machine Learning
      • Machine Vision and Imaging
      • Predictive Analytics
      • Robotic Process Automation
      • Simulation
      • Smart Labelling
  • Eco System
      • Adobe
      • Amazon
      • Esri
      • Google
      • IBM
      • Infor
      • Kubernetes Partner
      • NetSuite
      • Oracle
      • PTC Partners
      • Qlik Partner
      • Salesforce
      • ServiceNow
      • SiteCore
      • VMware
  • Vendors
  • News
  • Newsletter
  • Whitepaper
  • conferences
  • About Us
  • Specials

  • Menu
      • Business Continuity
      • Chatbot
      • Cloud
      • Collaboration
      • Contact Center
      • Esri
      • Human Resource
      • InsurTech
      • IT Service Management
      • Machine Learning
      • Manufacturing
      • Master Data Management
      • Procurement Tech
      • Robotic Process Automation
      • Salesforce
      • ServiceNow
      • Software Testing
  • Contact Center
  • Collaboration
  • Chatbot
  • Esri
  • Human Resource
  • InsurTech
  • Machine Learning
Specials
  • Specials

  • Business Continuity
  • Chatbot
  • Cloud
  • Collaboration
  • Contact Center
  • Esri
  • Human Resource
  • InsurTech
  • IT Service Management
  • Machine Learning
  • Manufacturing
  • Master Data Management
  • Procurement Tech
  • Robotic Process Automation
  • Salesforce
  • ServiceNow
  • Software Testing
×
#

CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

Subscribe

loading
  • Home
  • Artificial Intelligence
Editor's Pick (1 - 4 of 8)
left
Robotic Refactoring the Workplace

Robotic Refactoring the Workplace
Philip D. Heermann, Senior Manager, Sandia National Laboratories

Focus: Three Keys to Effectively Handling Technological Advancements

Focus: Three Keys to Effectively Handling Technological Advancements
Norbert Monfort, Vice President, IT Transformation and Innovation, Assurant Global Technology

"AI -The Future of Automotive Industry"
Nitin Sethi, Global IT Director - Business Transformation & Engagement, Visteon Corporation

WiFi Networks: Shifting from Providing a Service to Improving the Student Experience

WiFi Networks: Shifting from Providing a Service to Improving the...
Daniel J. Strojny, Interim Associate Director of Network and IT Operations, University of St. Thomas

Breaking the Stereotypes in the Development of AI

Breaking the Stereotypes in the Development of AI
Yves Jacquier, Executive Director, Production Studio Services, Ubisoft

Operationalize Machine Learning

Operationalize Machine Learning
Zongjie Diao, Director of Product Strategy and Management, Data Center Compute Group, CISCO

Where is AI Already Having an Impact on Business?

Where is AI Already Having an Impact on Business?
David Wirt, VP, ASEAN & Greater China, Pure Storage

Artificial Intelligence in the Biopharma and Healthcare Sector

Artificial Intelligence in the Biopharma and Healthcare Sector
Ronald Dorenbos, Associate Director Materials & Innovation, Takeda

right

Thank you for Subscribing to CIO Applications Weekly Brief

Leveraging Technology to Drive Efficient Foreign Exchange Trading

By CIO Applications| Thursday, January 31, 2019
Tweet

Foreign exchange trading is a volatile market as currencies keep changing values depending on the economic and political condition of the countries. Unlike other commodities, currencies gain or lose value in a very short span of time, which forex traders use to their advantage to earn a profit. In the current forex trading scenario, apart from maintaining the due diligence, traders need to gain a significant amount of experience before floating a large amount of money. However, Artificial Intelligence (AI) can offer a definitive edge to the traders in the world of forex trading. Many companies across industries have successfully implemented the technology tools to be a step ahead of their competition.

AI-based application or software helps the traders by using algorithms to make decisions. The tools and software analyses the wealth of information and other complex data to offer actionable insights into market trends and additional information with impeccable accuracy. The vast pipeline of trading data allows AI-tools to perform better than the human counterparts with its sheer efficiency and accuracy.

Check out: Top Healthcare Information Exchange Companies

Machine Learning (ML) techniques ably aid the AI tools and software to update their algorithm based on previous results. This helps to improve the efficiency and accuracy of the programs as the tools do not stick with the pre-programmed algorithms. AI and ML-based tools assist beginner traders in making informed decisions about the trades.

Trading AI tools and software can be static or dynamic based on the programming.  Static tools work well with a fixed set of market conditions as the algorithm cannot be customized once it is set. On the other hand, algorithms of dynamic AI can be changed based on market conditions, which makes it ideal to be used in currency trading. The only downside of dynamic trading is that it requires full-time coding based on the existing market conditions.

Forex trading offers an exceptional level of liquidity, which is driving the traders to invest in it. With the introduction of artificial intelligence, the currency market is expected to be opened up to a broad audience who are interested in trading.  

tag

Forex Trading

Weekly Brief

loading
ON THE DECK

Top Vendors

Field Service 2021

Top Vendors

Previous Next
Tweets by CIOApplications

Read Also

Five Benefits of Implementing Parking Management Technologies

Five Benefits of Implementing Parking Management Technologies

Protective Intelligence Software Innovator Ontic Reports 177 Percent Annual Revenue Growth

Protective Intelligence Software Innovator Ontic Reports 177 Percent Annual Revenue Growth

Savvas Learning Company Partners with WestEd to Develop Advanced Math Screener and Diagnostic Assessments

Savvas Learning Company Partners with WestEd to Develop Advanced Math Screener and Diagnostic Assessments

Simple Helix Buys Data Center and Internet Connectivity Business Unit from NRTC Managed Services

Simple Helix Buys Data Center and Internet Connectivity Business Unit from NRTC Managed Services

Fyllo Acquires DataOwl, Expanding its Cloud-Based Platform

Fyllo Acquires DataOwl, Expanding its Cloud-Based Platform

MetricStream Boosts Growth in Asia Pacific with Hiring of Managing Director of APAC, Based in Singapore

MetricStream Boosts Growth in Asia Pacific with Hiring of Managing Director of APAC, Based in Singapore

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe |  About Us

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/leveraging-technology-to-drive-efficient-foreign-exchange-trading-nid-3240.html