Use AI for investing and trading? Trust AI investment predictions?

Should I use AI generated advices for investing and trading ?

Should I trust to AI investment predictions ?

No, you should not trust to AI investment predictions. These predictions may be right sometimes, but in many cases they are wrong or not accurate enough.

Because of that, I don't recommend to rely on AI generated advices for investing.

What you should know about the using of AI:

• First, you need to know how to prompt AI correctly. Without a correctly formed question, the probability of getting a correct answer is low.
• AI answers are based on information that are taken from multiple sources. These sources may be more or less accurate. For example, one financial expert gives an advice to buy some stock, but other financial expert gives an advice to not to buy the same stock. Both are providing an arguments why to buy or not buy this stock. For AI, but also for non-experts, it can be difficult to evaluate these arguments.

What you should know before you invest into something:

• Find out what have an impact on your potential investment (geopolitics, technology, weather etc.)
• Get enough information about the current and future market situation.
• How much do you want to invest ?
• What risk is acceptable for you ? Higher profit usually equals to higher risk.
• What profit do you expect from your investment ?
• When to do an investment ? Is it better to wait for a better price ?
• How long do you want to invest for ?
• Think about diversification of your investment portfolio.