Is Immediate Edge the Future of Crypto Trading?
Sep 29, 2023
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The markets have been incredibly volatile in recent years, especially the crypto market, which has experienced record instability recently. This has led some traders and investors to consider digital assets “dead,” but not everyone thinks this way. Crypto currencies like Ethereum are experiencing growth once more, and companies like Immediate Edge are going all-in on crypto and new tech.
Taking less than two years to design, create, beta test, and launch their platform, Immediate Edge have been hailed as an outstanding success, but what’s the truth behind this reputation? Could this really be the future of crypto trading?
The Immediate Edge Story
Founded in July 2021 by Edwin Jones, a successful trader himself, Immediate Edge is most known for two things. Firstly, its revolutionary use of AI in crypto trading. Secondly, the remarkable speed of its rise to acclaim. By November 2022, Immediate Edge was already rolling out worldwide. No small feat for a start-up, but Jones took care to bring in a team of experts from the Fintech industry and was able to secure a huge amount of capital from investors to fuel his vision.
Online trading platforms are not new, but handing over control of trading decisions to AI is both unique and, some say, risky. Of course, the program isn’t making randomized decisions. Immediate Edge has a uniquely trained AI that works within set parameters. It gathers data on market fluctuations, tracks trends, assesses risk factors, and executes trades based on this information.
The point of this, ostensibly, is to make trading more accessible and less risky for people. AI eliminates human error and can react quickly, without emotion or bias, to make trades at the right time. In short, this is hands off trading and it’s genuinely revolutionary… but is it safe?
The Strengths (and Weaknesses) of AI Trading
Sadly, AI does not guarantee profit. There are risks involved with any kind of trading and weaknesses in every system. If you are interested in AI-based trading, you should consider the potential strengths and weaknesses before you act.
Pros
These are the basic strengths of AI-led trading platforms such as Immediate Edge:
- Enhanced and precise market analysis
- Enhance risk assessment
- Quick reactions
- Hands-off trading
Cons
These are the most notable weaknesses of AI-based trading platforms:
- Quality of results is dependent on the quality of data gathered by AI
- AI algorithms need to be constantly updated to keep up with the market
- AI has no independent judgment
As you can see, there are potential risks and rewards when it comes to using AI in trading, but companies like Immediate Edge have shown that it can be done effectively. This undoubtedly marks them, and AI based platforms like them, as the future of this industry.
The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
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