Traders are supposed to eliminate bias and emotion. Unfortunately, it can be pretty difficult to remove psychology from the decision making equation. That is why more and more traders are using tools to make themselves more efficient. These tools utilize algorithms and artificial intelligence to help give traders options that don’t come with emotional biases. These kinds of tools have long been available in traditional markets, such as the stock market or the foreign exchange market. But now FTEC is bringing them to crypto. FTEC is a new trading platform which gives traders a wide range of options. The platform’s goal is to minimize risk and increase trading efficiency. The use of algorithms and artificial intelligence in crypto could fundamentally change how traders in the space go about their business.
Analyzing News
When it comes to trading, having the right information is invaluable. That is why analyzing the news is so critical. If you know something about a cryptocurrency before the rest of the market, you could be able to execute a great trade. Perhaps you know about a new partnership that is in the works. Or maybe you know about a new hard fork that is coming. These types of incidents allow traders to make informed decisions. The difficulty is often getting this information and acting on it before anyone else does. The FTEC platform’s news analyzer handles this process for you. It analyzes news information and finds patterns between certain types of news and crypto markets.
The Platform Is Incorporating More Datasets
Datasets are the lifeblood of any artificial intelligence. The AI needs to be able to learn from large amounts of data so that it can be more accurate with future predictions. FTEC has made it clear that they will be adding huge datasets to its platform to help give its AI-based services more information. This will help improve the accuracy of the FTEC services for new users.
Artificial intelligence is used in the platform’s smart trading service as well as in its Arbitrage Assistant. With these tools, traders can automate their strategies and have the AI trade for them. The user can customize the service to operate within a certain set of parameters that they feel comfortable with. This gives traders more control over how they trade and how much AI they want to use when they do. The FTEC platform is offering more customization than almost any other trading platform on the market.
Ultimately, the success of the FTEC platform is going to come down to how many traders are using it. If traders decide that FTEC is providing a valuable tool, then it could be one of the biggest stories of 2018. But if FTEC can’t stand out from the competition, it could find difficulty catching on. Experts and cryptocurrency analysts tend to believe that FTEC is on to something big. The platform gained a strong 4.7 rating from ICO Bench and many crypto-enthusiasts are excited about the potential to use artificial intelligence as a trading tool. If FTEC is successful, it could spark a major change across the entire crypto industry.
Website: https://ftec.ai/en
Whitepaper: https://ftec.ai/en/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=3161171.0
Written by marcusthewriter: (https://bitcointalk.org/index.php?action=profile;u=1803140)