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!
Before starting to trade, it's important to understand and consider the following:
Here are some resources to help you get started:
Good luck and remember that learning and practice are key to successful trading!
Starting with trading requires a variety of skills. Below is a list of essential skills:
For more information, you can explore Investopedia's guide on trading.
Before investing with real money, you should consider the following factors to ensure you make informed decisions:
For more detailed information, you can visit resources such as Investopedia.
Trading currencies, also known as forex trading, involves significant risks. Some of the key risks include:
For more information, you may want to visit Investopedia.
Trading Contracts for Difference (CFDs) involves several risks, including but not limited to:
It is essential for traders to fully understand these risks and to have a solid risk management strategy in place. For more information, you may visit Investopedia's guide on CFDs.
Traders often lose money for several reasons:
For further reading on how to improve trading performance and minimize losses, visit the following links:
Improving your trading skills involves a combination of education, practice, and strategy. Here are some steps you can take:
For further reading, you might find this article on Investopedia helpful.
To be more successful in trading, consider the following tips:
By following these steps, you can enhance your trading skills and increase your chances of success.
Here are some of the most common mistakes made in trading:
Many traders enter the market without a clear and defined strategy. A comprehensive plan can help manage risks and clarify decision-making processes.
Trading too frequently or with too much volume can increase transaction costs and amplify losses.
Letting emotions like fear or greed drive decisions can lead to irrational trading choices.
Not using stop-loss orders or not properly calculating risk can result in significant losses.
Failing to perform proper analysis or ignoring fundamental and technical indicators can lead to poor decision-making.
Not paying attention to overall market trends can lead to trades that go against the prevailing direction.
Trying to "make back" money lost by taking bigger risks often leads to further losses.
Putting all capital into one asset or market can lead to significant risk exposure.
Using too much leverage can amplify gains but also significantly increase potential losses.
The market conditions can change quickly, and failing to adjust strategies accordingly can result in poor performance.
Before starting with trading, it's essential to consider several best practices to enhance your chances of success and mitigate risks. Here are some key points to consider:
1. Education and Research:
2. Develop a Trading Plan:
3. Choose a Reliable Broker:
4. Practice with a Demo Account:
5. Implement Risk Management Strategies:
6. Stay Disciplined and Emotionally Balanced:
For more detailed information and resources, you can visit Investopedia.
MetaTrader is a popular trading platform developed by MetaQuotes Software, widely used for online trading in the foreign exchange (Forex) market, as well as other financial markets such as CFDs, futures, and options. There are two main versions:
Key features of MetaTrader include:
MetaTrader Brokers
MetaTrader brokers are financial companies or firms that offer trading services through the MetaTrader platform. MetaTrader is a popular trading software developed by MetaQuotes Software, widely used for online trading in the foreign exchange (Forex), CFDs, and futures markets.
Some key features of MetaTrader brokers are:
For more information, you can visit the official MetaTrader website.
The best solution for trading currencies depends on your goals, experience level, and the tools you need. Here are a few recommendations:
Choosing the best solution involves considering factors such as the range of currency pairs offered, the trading platform's usability, fee structure, and the quality of customer support.
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.