Become part of the ayondo community and benefit from the knowledge and experience of investors with an affinity for the stock market. From day traders to trading system developers, you won't find a broader spectrum of like-minded people anywhere else. Look over the shoulders of professionals or use the opportunities to exchange ideas with others.
Some time ago, ayondo integrated Chat GPT into its information offering. Our development team is currently working on a Lab feature that will provide the community with AI-based financial news. The AI-FAQ section is also a lab feature designed by our innovation team. The exciting thing about it is that the social trading community can interact directly with the AI. In addition to the core function, the tool offers the possibility of evaluating the information content of the answer and at the same time suggesting the result for inclusion in the FAQ section. Feel free to give it a try, for example with this question.
Just a few weeks after its launch, the AI content section is already growing! The largest user-generated trading and investment encyclopaedia is currently being created here. Many thanks to the trading community for their commitment and positive feedback. This motivates us! Further exciting AI developments are on our developer roadmap!
Beginner's Guide to Trading
Remember, there's no surefire way to make a profit, and you should only trade with money that you can afford to lose. Here is a link to more in-depth information about starting to trade.
Trading is a challenging yet rewarding venture, which requires a combination of several skills. These include:
These are all skills that can be strengthened over time through practice, education, and experience.
Investing with real money involves several important considerations.
Here are a few essential things you should consider:Remember: The performances of past investments don't guarantee future results. This is why you need a diversified portfolio and an understanding of your own risk tolerance.
Trading currencies, also known as forex trading, can be a profitable venture, but it carries several risks. Some of the key risks include:
Before diving into forex trading, it's important to understand these risks and develop strategies to manage them effectively.
Trading Contract for Differences (CFDs) come with several risks, which are as follows:
Before you begin trading CFDs, it’s important to understand these risks and ensure your trading plan takes them into account. Seek professional advice if necessary.
Traders often lose money due to several factors. Here are a few common reasons:
To improve your trading skills, you can take several steps:
Success in trading involves a blend of knowledge, strategy, and discipline. Here are some of the key steps you can take to improve your trading success rate.
Remember, trading involves a high level of risk. You should only invest money that you can afford to lose and seek professional financial advice if needed.
The world of trading can be exciting but also unforgiving for those who aren't well-prepared. Here are some common mistakes traders often make:
In conclusion, trading successfully means avoiding these common pitfalls and consistently applying a well-thought-out strategy.
Yes, there are several best practices to consider before getting started with trading:
1. Educate Yourself:
Knowledge is power. Invest time in understanding financial markets, trading tactics, and detailed aspects of the financial products you're interested in trading.
2. Set Clear Goals:
Understand why you are entering the market and what you want to achieve. Do you want short-term profits or are you investing for the long-term?
3. Have a Trading Strategy:
A trading strategy can be defined as the rules and guidelines that shape a trader's trading decisions. It should include clearly defined trading objectives, risk/reward parameters, and guide you when to enter or exit a trade.
4. Understand the Risks:
Trading can lead to losses, sometimes even greater than your initial deposited cash. Be careful with your spendings and make sure you can afford a potential loss.
5. Start with a Demo Account:
Before you start with live trading, try out with a demo account first. This can assist you in getting familiarized with the trading platform and its functionalities.
6. Stay Updated:
Ensure you're up-to-date with market news and changes in economic circumstances.
7. Diversify:
Don't put all your eggs in one basket. Distribute your risk by diversifying your portfolio across different asset classes.
8. Follow the Market Trend:
As a beginner, it's usually advised to follow the market trend. Until you develop a strong understanding of the market, it's safer to move with the market trend.
9. Use Stop Losses:
Trades do not always go as planned, and a stop-loss provision helps to limit potential losses.
10. Review your Trades:
Take time to review your trades. Learn from your losing trades and replicate your winning strategies.
MetaTrader is a popular platform that offers trading in the financial markets. It is largely used for online trading in the forex, contract for differences (CFDs), and futures markets. Developed by MetaQuotes Software Corporation, it comes in two versions: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
With its user-friendly interface, MetaTrader offers a variety of features for traders. Its key functionalities include:
Furthermore, MetaTrader offers a mobile app for both iOS and Android devices, allowing traders to manage their accounts from anywhere. Click here to learn more about MetaTrader.
Metatrader brokers are financial service providers that offer the MetaTrader platform for trading forex, contracts for difference (CFDs), and other financial instruments. The MetaTrader platform is a widely used trading platform developed by MetaQuotes Software.
Features of Metatrader brokers:
Most brokers offering the MetaTrader platform can support both demo and live trading accounts, allowing a user to test their strategies in a risk-free environment before going live. The most commonly used versions of the platform are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Trading currencies, also known as forex trading, can become an appealing strategy for those looking to diversify their investment portfolios. However, there are various solutions for trading currencies, and the best option depends on your trading style, available capital, risk tolerance, and level of experience. Here are a few commonly-utilized solutions:
Please note it's essential to do your research and understand potential risks before diving into forex trading. Consider practising with a demo account before investing real money.
In stock market trading, a gap is the difference between the closing price of the previous day and the opening price of the current trading day. If the opening price is above the closing price of the previous day, it is called an up-gap; if it is below, it is called a down-gap.
Gaps occur when there is relevant information between the end of trading on one day and the start of trading on the next day that affects the price. They can be important for traders as they can serve as an indication of a possible trend reversal or a continuation of the trend.
The Sharpe ratio is calculated by adjusting the return of an investment for the risk-free interest rate and dividing it by the volatility of the investment (measured by the standard deviation of returns). The formula is:
Sharpe Ratio = (return of the investment - risk-free interest rate) / volatility of the investment.
The Sharpe Ratio is a measure of the excess return achieved by an investment compared to a risk-free investment (e.g. a money market account) per unit of risk associated with that excess return. The higher the Sharpe ratio, the better an investment has performed relative to its risk.
This module is another innovation from the ayondo Lab developer series, which is in an early beta stage. The first version was launched in early March 2023, just a few days after Salesforce and Slack announced the integration of a Chat GPT beta.
Further development and optimisation of the feature set is planned. As with other Lab features, the product development cycle thrives on community feedback. Feel free to contact us if you have suggestions that would improve the utility and usability.
Additional note on usage: The questions listed here come from the community. The answers were provided by the AI. Inclusion in the FAQ/QnA is done after quality assurance, but without making editorial changes. The AI's answers to certain questions are not identical in every case. They may address the same question twice in a row. It is very likely that the answers differ in content and sentence structure.
The images displayed in the header are AI-generated. The parameters for generating the image files are generated from keywords that visitors to the portals use in the search function here.
Disclaimer:
The feature is experimental in nature and should be considered and used as such. Its primary purpose is to give the community the opportunity to test the latest technology without further barriers or payment barriers. How you use the information provided by the AI is entirely your responsibility. We recommend always using at least a second source of information for verification. If you have any questions about the tool, please feel free to contact the community.
Note on up/down votes:
We use this feature to give visitors the opportunity to rate the answer. The more downvotes an answer has, the more likely it is that a QnA will no longer appear in the overview. Watch the AI! The community is thus given an important role in the quality shearing process.
Notes on translations:
The translations are done by DeepL, another AI (Made in Germany).
It pays to participate!
The smartest questions will be awarded a prize in a draw at the end of the year. All you have to do is contact us after submitting your question. It is even easier if you submit your question while logged in to your user account.
Controversial perspectives on the developments surrounding artificial intelligence
On 20.03.2023, the German Ethics Council (ethikrat.org) addressed questions about the relationship between humans and machines and concluded that AI must benefit humans. We share this view in its entirety and carry out all AI-relevant product developments under this premise.
The tool is a joint project of RSQ and 3R AI Labs, a business unit of the project development company 3RMCN. The companies are committed to developing AI-enabled applications exclusively to increase customer value.