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No, You can't train AI to trade for you. But you can absolutely use it in trading. Here's a summary of how traders use AI and ML in trading:
Generating trading ideas Use generative AI tools as a research assistant to generate trading ideas. Tools: ChatGPT
Clustering Grouping securities with similar risk and return characteristics to improve asset allocation. Tools: K-Means Clustering
Extracting text from transcripts Use natural language processing to extract useful tokens from text transcripts. Tools: NLTK, SpaCy
Dimensionality reduction Capture the most important information from a multi-dimensional time series. Tools: PCA, Manifold Learning, Autoencoders
Image recognition Hedge funds pay top dollar for satellite images that help them detect the supply of oil. Tools: Deep Neural Networks
Synthetic time series data Some strategies cannot be tested because of a lack of historic data. Tools: Reinforcement Learning