CFTC-PR-8854-24 CFTC Customer Advisory Cautions the Public to Beware of Artificial Intelligence Scams Date: Jan.25, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8854-24 Categories: CFTC Advisories CFTC OCEO CFTC-2401 Artificial Intelligence Trading Bots PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF file may be downloaded if you wish. All […]
Category: Trading Bots
Trading Bots are automated software programs designed to execute trades on financial markets based on predefined criteria and algorithms. They analyze market data, such as price movements and trading volume, to identify and act on trading opportunities more quickly and efficiently than a human trader could. By automating the trading process, these bots can operate around the clock, help manage risk, and execute strategies with precision, removing the emotional bias that can affect human trading decisions. They are widely used in various markets, including stocks, cryptocurrencies, and forex, and can range from simple scripts to sophisticated systems employing machine learning and artificial intelligence.