Rule-Based Bots vs AI Bots of RFX
Trading bots are best defined by Stefan Tittel as software programs that automate trade executions based on an underlying set of rules. While bots have changed the markets, they are still restricted by their reliance on human intervention. Traders still need to use the knowledge they have obtained in their past experiences in trading as well as the judgments of market experts.

However, not all trading bots necessarily use Artificial Intelligence. Efforts have been made to harness the technology, but these attempts have fallen short of the expectations. Regardless, it is undeniable that AI has a more positive impact on the financial services sector than ever before.

One of the best examples of how AI is shaking up traditional finance trading is seen in the crypto market. AI-based algorithms have also provided opportunities to trading successfully and safely in such nascent and speculative markets. Naturally less predictable and different in numerous ways to traditional financial markets, the cryptocurrency market’s value is prone to wild volatile fluctuations.

In this rapidly changing world, data analysis and AI are the key to unlocking the dynamics of the market and ensuring overall success for investment. While humans are liable to letting emotions cloud their judgement, AI bots simply do not face this issue and, as a result, work more efficiently. With their capabilities to recognize trading signals that are nearly impossible for humans to detect, machines are much better suited to trading in volatile markets.

Harnessing AI algorithms provides a number of advantages for the traders, including enabling them to avoid high risk margins and inefficiencies that invariably arise with human-influenced trading, counteract market manipulation by identifying and analysing any anomalies in the market when in they are still in their infancy, and finally replacing intuition with facts, artificial and data-based intelligence, which streamlines the whole trading process.

Artificial Intelligence has fundamentally transformed the way in which the financial industry trades, increasing efficiencies and higher returns on investments. While open-sourced trading-bots have existed for a number of years, only a handful of companies like Red Fort Exchange are making sophisticated AI algorithms accessible by the general public so everyone can have the strategic benefit when trading.
['Red Fort Exchange']
['Bots', 'Digital', 'Artificial Intelligence', 'Red Fort Exchange', 'Technology']