FAQ

FAQ

Frequenty Asked Questions

Frequently Asked Question (FAQ)
Q.
What is AiTrades?
A.
AiTrades is a “Next Generation Intelligent Autonomous Trading Program” that uses deep learning and machine learning algorithms to autonomously trade cryptocurrencies. It disrupts the fundamentals of volatile cryptocurrency markets by simplifying trading to two steps: (1) Subscribe Bots; and (2) Pick a Strategy. This This uncomplicated design is appealing to both new and experienced traders. The application is easily available on both web and mobile.

Q.
Who is AiTrades made for?
A.
AiTrades was developed to meet the needs of all traders, new and experienced. Cryptocurrency enthusiasts, investors that are too busy to follow the volatile and unpredictable crypto markets and new traders with limited trading knowledge can begin trading this highly tense and unforeseeable market with this simple “plug and play” application.

Q.
What is AI?
A.
Artificial intelligence and creations based on AI systems will typically demonstrate at least some of the following behaviors associated with human intelligence: planning, learning, reasoning, problem solving, knowledge representation, perception, motion, and manipulation and, to a lesser extent, social intelligence and creativity.

Q.
What is Blockchain?
A.
Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered. While Bitcoin and other cryptocurrencies are the most popular examples of blockchain usage, this “distributed ledger technology” (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management and many more uses are being explored.

Q.
What is a Decentralized Platform?
A.
A decentralized platform simply means that it works independently without requiring any validation from an external third party. With decentralization, you do not have a single authority to answer to. Since the system runs on the basis of consensus, everyone must agree on the information shared within that system. Not only does this ensure an even playing field for everyone, it also ensures that no one party can cheat the system.

Q.
Why cryptocurrency?
A.
Marketplace for cryptocurrencies, currently is a 300+ billion-dollar global market.
This industry is bound to grow further. We are taking measures to curb challenges faced by this marketplace and presenting state of art solutions in the form of Smart Trading Platform. By becoming an early adopter of blockchain technology combined with Artificial Intelligence technology, the Smart Trading platform will gain an important advantage and consequently its early investors have the opportunity of contributing to a platform, that will disrupt traditional trading platforms and marketplaces by providing a seamless information flow to the users and bridging the gaps between brokers and users.

Q.
How does AiTrades use artificial intelligence in trading?
A.
AiTrades uses Artificial Intelligence to identify patterns from big data processed by the program to recognize trends and autonomously process of buy, hold and sell orders based on current market events. Once a strategy is chosen AiTrades begins trading on your behalf. AiTrades executes trades without emotion, without prejudice, without fatigue and can trade relentlessly for days and months. Its lightnings quick responses to changing market conditions cannot be replicated by human traders. Notwithstanding the significant risks of trading in a highly volatile market, AiTrades was developed to enhance your profit potential.

Q.
Do I need programming skills to use AiTrades?
A.
You don't need any special coding skills to use AiTrades. Any non-coder can easily begin trading with AiTrades easy to use GUI.

Q.
What is Strategy?
A.
A strategy is a trigger that refers to the cryptocurrency you wish to trade. Once a strategy is chosen AiTrades begins to buy and sell that particular cryptocurrency in a process designed to realize trading gains. Be advised that trading losses may also be incurred in this process.

Q.
Once I choose and activate my strategy, what do I do next?
A.
Once you activate a chosen strategy, AiTrades begins to trade on your behalf. It processes all perceived trading opportunities using deep learning algorithms and begins trading based on emerging trends and patterns. The process is fully autonomous, from the moment you execute your strategy the AI system manages all your trading activity. We recommend you track the performance of your strategies at least once a day to follow your trade outcomes, identify gaps in your strategy and stay on top of the markets.