AI trading signals are the latest hype across the retail trading sector, especially among beginners, with DeepSeek and OpenAI the core buzzwords, but how reliable are they? Before considering using AI trading signals, traders should understand that there is no substitute for learning how to trade, as it will allow traders to spot fake signals, inaccurate signal providers, and scams. Read my short overview of AI trading signals and find out what to look for when considering them for your portfolio.
AI Trading Signals – Overview
Using AI trading signals can provide a fresh market perspective. Regrettably, most AI trading signal providers rely on social trading by analyzing keywords rather than conducting asset-based research like human analysts. AI trading signals are ultra-fast and allow traders to cover entire sectors in fractions of seconds, and traders can consider AI trading signals but approach them cautiously. I recommend ignoring any AI trading signals provider lacking generative pre-trained transformers (GPTs).
5 AI Trading Signals Worth Considering
Below is a quick overview of five AI trading signal providers traders can consider, including their pros and cons. The five AI trading signals providers below offer free trials but no genuine demo that allows in-depth assessment. The minimum cost for a one-year trial using the annual subscription is $96.
I cannot stress enough that traders should never rely on historical data and performance provided by the developer or seller, and they should forward-test each provider to avoid trading losses at best and a complete portfolio loss at worst.
Crypto Trader
Crypto Trader is a crypto-only AI trading signals provider targeting day traders, long-term investors, and beginners. It promises the usage of advanced algorithms to analyze market trends and generates actionable trading signals based on technical indicators like the MACD and RSI.
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Pros |
Cons |
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Powered by ChatGPT-4o |
No demo offer exists, and the price starts from $10 monthly |
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Considers fundamental news |
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Tailored for one sector |
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Offers risk management suggestions |
Crypto Alpha Advisor
Crypto Alpha Advisor is another crypto-only AI trading signals provider focusing primarily on social media trends. It connects to Telegram Alpha groups to source market-relevant information and includes high-risk assets like tokens and airdrops.
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Pros |
Cons |
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Powered by ChatGPT-4o |
No demo offer exists, and the price starts from $10 monthly |
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Connects to Telegram groups for real-time updates |
Heavily reliant on social media trends and high-risk assets like tokens and airdrops |
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Includes Dex scanners, Analytics platforms, and IDO calendars |
Stock Market Pro
Stock Market Pro covers US equity markets and generates trading signals using the latest quotes, time series data, SMA, EMA, RSI, and MACD indicators. It targets experienced traders, short-term investors, and financial analysts.
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Pros |
Cons |
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Powered by ChatGPT-4o |
No demo offer exists, and the price starts from $10 monthly |
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Considers market news (may ignore financial data) |
Relies on AI predictions from CoinCodex |
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Offers customized trading advice |
FXAnalytics-ByAI
FXAnalytics-ByAI covers the Forex market, combining real-time financial news, economic events, and technical trading signals. It uses D1 and H1 charts to generate three-day Forex signals. FXAnalytics-ByAI targets Forex traders, financial analysts, and investment firms.
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Pros |
Cons |
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Powered by ChatGPT-4o |
No demo offer exists, and the price starts from $10 monthly |
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Uses fundamental economic data during its analysis |
Uses multi-day trade setups that incur swap rates and increased trading fees |
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Supports minor changes in configuration and setup |
Gold Market Analyst
Gold Market Analyst covers gold exclusively. It generates trading recommendations after analyzing fundamental developments and conducting technical analysis using RSI, MACD, moving averages, and Fibonacci retracements. It targets individual investors, financial analysts, commodity traders, and hedge funds.
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Pros |
Cons |
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Powered by ChatGPT-4o |
No demo offer exists, and the price starts from $10 monthly |
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Analyzes fundamental factors |
Limited to one asset |
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Includes risk management |
- Only use AI trading signals that align with your strategy and risk management.
- Test AI trading signals for at least six to twelve months in a demo or micro account with a small deposit to evaluate their performance.
- Ignore the marketing hype.
- Never trust the historic data and always forward-test.
- Start with a small portfolio and scale up as you build trust in the AI trading signals.
- Diversify among multiple providers
Using AI Trading Signals – Pros & Cons
The pros of AI Trading Signals
- Analyzes markets in fractions of a second
- A fresh market perspective
- Can combine fundamental and technical analysis
- Emotionless trading signals
The cons of AI Trading Signals
- Many AI trading signals are generated by simple technical analysis.
- High-quantity and low-quality signals
- Traders must enter trades manually.
- Lack of adequate risk management.
- Heavy reliance on social media trends.
Bottom Line
AI trading signals can become valuable trading tools but are no substitute for learning how to trade. Regrettably, right now, most publicly available dedicated AI trading signals are not worth the cost and lack performance consistency. This may change in the future. For the time being, you are better advised to check out the best AI Forex brokers, because most of them offer better AI trading signals.
