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!
Important Things to Know Before Trading
Skills Required for Trading:
Before investing with real money, consider the following factors:
Risks in Trading Currencies
Risks in Trading CFDs:
Reasons Why Traders Lose Money:
By addressing these factors and adopting a disciplined, well-informed approach to trading, traders can improve their chances of success and reduce their potential for financial loss.
1. Education and Research
2. Choose a Trading Style
3. Develop a Trading Plan
4. Practice with a Demo Account
5. Risk Management
6. Learn from Experienced Traders
7. Stay Updated on Market News
8. Monitor and Evaluate Your Performance
1. Education and Research
2. Develop a Trading Strategy
3. Manage Your Risks
4. Maintain Discipline and Emotional Control
5. Choose the Right Trading Platform and Broker
6. Network and Learn from Experienced Traders
Most Common Mistakes in Trading:
Before starting with trading, it's essential to consider the following best practices:
By considering these best practices, you can increase your chances of success in the world of trading.
MetaTrader is a popular electronic trading platform widely used by online retail foreign exchange traders. It is developed by MetaQuotes Software and allows users to trade in the financial markets, such as Forex, commodities, cryptocurrencies, and stock indices.
MetaTrader provides advanced trading tools and functionalities, including real-time charting, technical analysis, expert advisors (automated trading systems), and customizable indicators. There are currently two main versions of the platform:
Both platforms are available for desktop, web, and mobile devices, making them highly accessible for traders and investors. Additionally, MetaTrader offers a robust marketplace where users can buy, sell, or rent trading tools and automated strategies developed by experts all around the world.
MetaTrader brokers are financial institutions or companies that provide traders with access to the MetaTrader platform, enabling them to trade various asset classes like forex, commodities, indices, and stocks. The two main versions of the MetaTrader platform are MT4 and MT5. Brokers offer these platforms to clients for trading, analysis, and management of their trading accounts.
Features of MetaTrader brokers:
It is crucial to research and compare different MetaTrader brokers in terms of their fees, spreads, trading conditions, and regulation status to choose a suitable broker for your trading needs.
You can find a list of reputable MetaTrader brokers on various websites and trading communities, such as: Forex Church, ForexBrokerz, and DailyForex.
The best solution for trading currencies is a combination of various factors, tools, and strategies to make informed decisions and manage risks effectively. Some key elements to consider include:
In summary, the best solution for trading currencies involves a combination of education, a reliable broker, a well-developed trading strategy, strong analytical skills, risk management, and continual learning.
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.