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Inside the Mind of an AI Trading Bot

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Inside the Mind of an AI Trading Bot

AI trading bots are automated software programs using advanced algorithms, machine learning, and sometimes artificial neural networks to conduct financial trading with minimal human intervention. A recent news development in the world of AI trading comes from Barclays, which has partnered with the AI-powered data analytics firm Simudyne to deploy advanced analytics for improving quantitative trading and investment strategies. According to Simudyne, Barclays will integrate Simudyne’s agent-based modeling technology to generate data-driven insights in areas including execution, portfolio optimization, and index design. This partnership aims to enhance trading strategies, inform investment decisions, and achieve better market outcomes with the help of AI-driven analytics.

How Trading Bots Work

They work by following a series of steps:

Data collection

AI trading bots gather vast amounts of financial data, including historical price data, technical indicators, market trends, global news, and other relevant information necessary for informed decision-making.

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Data processing and analysis

Once the data is collected, the bot processes and analyzes it by applying pre-programmed algorithms designed to accurately identify patterns, trends, and correlations in the data. Machine learning techniques allow the bot to continuously adapt and improve its analysis based on new information.

Strategy development

AI trading bots then develop trading strategies based on the analyzed data and the predefined rules set by the creator or the investor. These strategies may involve various trading techniques, such as momentum-based trading, arbitrage, or market-making strategy.

Risk management

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The bots incorporate risk management techniques within their algorithms to control potential losses and safeguard the investor’s capital. These techniques may include setting stop-loss and take-profit orders, position sizing, and diversification across different assets.

Trade execution

Once the trading strategy and risk management rules are in place, the AI trading bot automatically executes trades by placing buy and sell orders. The bot continuously monitors the market to identify new opportunities or manage existing transactions according to its strategy.

Performance monitoring and optimization

AI trading bots also continuously track their performance to evaluate the effectiveness of their strategies. As new data becomes available, the bots can adapt their strategies, learn from previous trades, and optimize their performance over time.

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Benefits of using AI trading bots

The use of AI trading bots has grown significantly in recent years thanks to increased accessibility to cutting-edge technology and the evolving financial landscape. Investors, whether institutional or retail, have been drawn to AI trading bots for several reasons:

24/7 Trading

Unlike human traders who require rest, AI trading bots can operate around the clock, processing and executing trades non-stop. This continuous operation allows investors to capitalize on opportunities in the market at any time, providing a more comprehensive trading strategy.

Consistency and Discipline

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AI trading bots follow stringent rules and guidelines, maintaining consistency and discipline in their decision-making process. This helps to avoid common human pitfalls such as overtrading, deviating from strategies, or making impulsive decisions based on short-term market events.

 Customization and Adaptability

AI trading bots can be tailored to meet individual investor needs, risk profiles, and trading strategies. Furthermore, as market conditions change or new data becomes available, AI algorithms can learn from and adapt to these situations, refining their process over time. This continuous ability to self-improve and learn makes AI trading bots a dynamic and valuable tool in finance.

Scalability

AI trading bots can quickly scale their trading strategies as investment portfolios grow, ensuring their effectiveness is maintained regardless of portfolio size. This scalability is particularly beneficial for large institutional investors who require automated solutions for managing extensive assets.

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Backtesting Capability

AI trading bots can quickly and efficiently backtest their algorithms using historical data, allowing developers to fine-tune strategies and improve performance before applying them to market situations.

Diversification

AI trading bots allow investors to create diversified portfolios by investing in various assets and employing different strategies. This diversification helps to minimize risk and enhance returns over time.

Error Minimization

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AI trading bots are less prone to making mistakes than human traders, as they lack the potential for human error and fatigue. This error minimization can lead to better overall performance and reduced risk for investors.

Challenges and Risks of AI Trading Bots

Despite AI trading bots’ exciting opportunities, they do not come without their concerns and complications.

Transparency and trust

Due to the complex nature of AI algorithms, it can be challenging to understand how these trading bots make their decisions. This lack of transparency can create trust issues between users and the technology, hindering its widespread adoption in the financial sector.

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Regulatory challenge

As AI trading becomes more advanced, regulatory bodies are faced with developing new frameworks and guidelines to monitor and govern the use of AI trading bots in financial markets, ensuring fair and ethical practices.

Job displacement

The increased use of AI trading bots could lead to job loss and displacement within the financial industry as human traders and analysts are replaced by automated systems. This has the potential to create social and economic repercussions.

Dependency on technology

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As more institutions and traders turn to AI-based trading solutions, there is an increasing risk of over-reliance on technology. This can lead to less oversight from humans and a lack of critical human analysis needed to make sound investment decisions.

Limited creativity and innovation

While AI trading bots excel at analyzing historical data and executing trades, they may need more creativity and intuition than human traders often possess. This limitation could hinder the development of innovative trading strategies and techniques that could lead to better market outcomes.

A New AI Day Trading Bot Emerges

In light of recent events, a brand-new AI day trading bot called quopi.ai has appeared. QuoPi’s AI system takes a novel approach to automated trading by focusing on giving traders a competitive advantage via precise market prediction. The platform aims to provide investors with a novel and potent trading tool to take advantage of AI-driven market forecasts using AI algorithms and machine learning. 

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People & Lifestyle

Social Trends: Elite Prom Night: Ugandan High Schoolers Arrive in Choppers & Supercars

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elite high school prom

Entebbe, Uganda – Elite High School’s prom night showcased opulence as students arrived in helicopters, Tesla cars, Mercedes-Benz, and Lamborghini, sparking social media buzz and discussions on the source of such wealth in a developing country.

Elite High School typically attracts attention from a wide range of people due to their extravagant Prom parties. The 2024 Prom party followed suit and garnered attention from government officials. On May 4th, a Saturday, students were eager to attend their Prom, which occurs before candidates start their final exams.

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Most students arrived dressed in their best attire, while some even hired luxurious cars. One student arrived in a helicopter with his date. After getting out of the helicopter, they were escorted into a luxurious car that transported them to the Prom venue.

According to an interview with our presenters, Pam Malaika, and MC Ollo, sources revealed that the helicopter was hired from Bar Aviation at $1200 (approximately Ugandan Shillings 4.5 million), while the car, a V8 2022 Model, was hired for 6 hours at 3 million Ugandan Shillings.

Minister John Muyingo, however, expressed dissatisfaction with the Prom trends, stating, “Are these things happening in Uganda? Where are we going? Money is a scarce resource; it shouldn’t be given out and spent like that.

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Social Trends: Ghana’s ‘Beans’ Dilemma: Prices Surge to 50 Cedis

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gari and beans

Ghanaians have taken to social media to express their disbelief and frustration over the recent surge in bean prices, with some reporting costs as high as 50 Ghanaian cedis for a single serving.

The conversation, filled with humor and sarcasm, has highlighted the broader issue of the rising cost of living in Ghana, including the increased prices of other staples such as gari and plantain.

Read Also: Several uprooted trees cause damage to properties in parts of Accra after downpour

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Despite the serious underlying issue, the posts have provided a light-hearted take on a challenging situation.

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Telecel Cash Now Available as a Payment Option on Google Play in Ghana

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Telecel Mobile Financial Services Ltd, operators of Telecel Cash, in partnership with Cellulant, a leading technology company, has announced the availability of Telecel Cash as a convenient payment method for Google Play users in Ghana. This integration enables Telecel Cash customers to seamlessly purchase apps and services directly from Google Play, enhancing their digital experience.

This initiative is part of a broader effort to expand payment options and improve transaction ease for Google Play users, especially in regions where the use of traditional credit cards is uncommon. By incorporating Telecel Cash, Telecel Ghana and Cellulant are providing a seamless, secure, and convenient payment method tailored to the needs of the Ghanaian market.

Richard Gesimba, Vice President, Cellulant Checkout Business Unit, highlighted the significance of the collaboration. “Our partnership with Telecel Ghana aims to innovate and deliver payment solutions that address the evolving needs of African consumers. This integration makes it easier for them to access a world of apps and content on Google Play without traditional banking facilities.” He noted.

Philip Amoateng, Director for Telecel Cash, emphasized the benefits for customers.  “The inclusion of Telecel Cash as a payment option on Google Play significantly enhances our service offerings. It offers our customers a straightforward and secure way to enjoy all the features and capabilities that Google Play has to offer. We are committed to enhancing our customers’ digital experiences and ensuring they can access global digital content with ease.”, he added.

Google Play, a digital distribution service operated and developed by Google, is the official app store for the Android operating system. It allows users to browse and download applications developed with the Android software development kit and published through Google.

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The availability of Telecel Cash as a payment method on Google Play is expected to boost the platform’s usage in Ghana, where mobile money has become a dominant force in financial transactions.

This also demonstrates Telecel Ghana’s commitment to enhancing customer experience and expanding digital accessibility.

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Tips for a Successful Physician Assistant Job Search

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How to Become a Nurse

Thanks to staffing shortages across the healthcare industry, many healthcare organizations today rely heavily on PAs. In fact, the United States Bureau of Labor Statistics projects the demand for PAs will increase 28 percent by 2031. However, men and women who choose to pursue a career as a PA may struggle to secure open positions that meet their needs. They must differentiate themselves from other applicants to land their dream jobs. How can they do so?

Highlight Work Experience

Employers want to know each physician assistant’s work experience when evaluating candidates. Clinical rotations allow PAs to practice their skills, but a physician assistant also must work well within a team and contribute meaningfully to that team. The PA will work closely with others in the industry, including doctors and nurses. They must collaborate effectively to provide the highest level of care. Share this teamwork on the CV or resume to attract more attention. This single step will be of help finding PA work that meets the individual’s needs.

Consider a Speciality

Many PAs enter the industry expecting to work in general practice. However, once they hone their skills, they find they are drawn to a particular specialty. To generate more job offers within this specialized field, the PA should focus on starting immediately upon graduation or gaining experience in another healthcare area before moving to their desired specialty. Never accept a job in a specialty that is not interesting, as doing so could diminish the joy this job should bring.

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Additional Training and Certifications

PAs should take advantage of continuing education seminars, classes, and more. Doing so will allow them to advance in their careers and open up more job opportunities. Every PA must complete an accredited physician assistant program and be certified by the NCCPA before practicing. However, having these qualifications won’t be enough to allow a candidate to stand out when applying for open positions. Complete a postgraduate residency, earn a certificate, or collect CE credits and share this information on the resume. Employers appreciate having workers who take the initiative to advance their skills because they know the company benefits from this added expertise.

Loan Repayment Options

Look into employers who offer to satisfy all or part of a student loan when applying for PA jobs. While a PA makes a nice salary, paying back student loans can put a big dent in their monthly budget. Hospitals often offer loan repayment options for individuals who take positions as PAs within the organization. However, don’t overlook Public Service Loan Forgiveness (PSLF) and NHSC-funded loan repayment opportunities.

Why Medicine?

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Every PA should share the story of what led them into medicine. Employers like to see that the candidate views the opportunity as more than a job. If one is secured, be prepared to share this same story during the interview. It’s important to provide an authentic story, as employers can pick up on material written by the PA just to include information. They easily distinguish between this and a compelling authentic story.

Thanks to the number of job openings in this field, finding the right PA job shouldn’t be challenging. However, finding the right candidate for an open position or the right position for a candidate takes time. Consider working with a staffing agency to make the process easier. This agency will help clients narrow the available options to find the right fit for each open position. When this connection is made, all parties win.

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Valerie Owusu and Emmanuel Addae get 25 years to life in prison for beating their child to death

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Valerie Owusu and Emmanuel Addae get 25 years to life in prison for beating their child to death

Suffolk County District Attorney Raymond A. Tierney today announced that Valerie Owusu, 28, and Emmanuel Addae, 28, of Corona, Queens, were found guilty of Murder in the Second Degree after a jury trial, for the 2021 beating death of Owusu’s 5-year-old son, King Owusu.

“This little boy was beaten and suffered for days at the hands of these defendants, one of whom was his own mother, until he unfortunately succumbed to his severe and extensive injuries,” said District Attorney Tierney. “Thanks to the thorough investigation by the Suffolk County Police Department, the relentless pursuit of justice by the prosecutors assigned to this case, and the jury’s careful consideration of the evidence presented, the defendants have been held accountable for this horrific crime.”

The evidence at trial established that between March 30 and April 1, 2021, Owusu and Addae brutally beat King with at least four different instruments inside of their apartment in Lefrak City, Queens. The couple watched King’s physical condition deteriorate for approximately three days until King lost unconsciousness. During that time, both Owusu and Addae did not call 911, take King to the doctor, or provide any medical care to the child.

On April 1, 2021, Owusu and Addae brought King to a family member’s home in Brentwood and left him there to die. The Suffolk County Police Department was called after the family member returned home the same day and discovered that the boy was deceased. The child was taken to Southside Hospital where he was pronounced dead.

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The medical examiner who conducted the child’s autopsy testified that King was beaten from head to toe, and that his injuries, which were too numerous to count, caused his death.

On March 22, 2024, Owusu and Addae were each convicted of Murder in the Second Degree, a Class A felony, after a two-and-a-half-week-long jury trial heard before Supreme Court Justice Steven A. Pilewski. Each defendant faces up to 25 years to life in prison.

Owusu and Addae are due back in court for sentencing on May 1, 2024. Owusu is being represented by Rene Myatt, Esq. Addae is being represented by Raymond Baierlein, Esq.

This case is being prosecuted by Assistant District Attorney Elena Tomaro of the Homicide Bureau, Assistant District Attorney Scott Romano of the Major Crime Bureau, and the investigation was conducted by Detective Patrick Portella and Detective James Hughes of the Suffolk County Police Department’s Homicide Squad.

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Nana Kwame Bediako and The New Force Launches Its Virtual CrowdFunding Platform – Save Ghana Fund.

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Nana Kwame Bediako and The New Force Launches Its Virtual CrowdFunding Platform - Save Ghana Fund.

“My responsibility is to serve you; your responsibility is to give me  the chance and the opportunity to serve you “– Nana Kwame Bediako,Founder and Leader of The New Force Movement

Accessed by the short code *887*2024#, The New Force has launched its virtual crowdfunding platform which is called Save Ghana Fund. Published as part of the launch on the 6th of May, the rather simple and candid video message by the leader of The New Force urges the people of Ghana to support the movement and the cause. Poignantly, Nana Kwame Bediako’s message encourages the nation to part ways with the culture of vote-buying by political candidates as the practice affects the legitimate and free choice of voters and in addition mismanages the true aspirations and investments of the people.

 

A call to you and to everyone who cares about the future of Ghana, The New Force movement seeks to ensure our commitment to the nation and to each other in the pursuit of equality, empowerment, and equity for all in our society. The Campaign is built on three key values, VISIBILITY, ACCESSIBILITY and TRANSPARENCY. 

 

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In his very short and candid video message accompanying the launch, the leader of The New Force movement emphasized that vote-buying tarnishes our democracy by perpetuating mismanagement of the resources of the nation and as well the culture of corruption, it in addition mismanages the aspirations of the people of Ghana and goes against the grain in the effort to improve the integrity and quality of our political structure, our quality of governance and our quality of life as a people. In the ingenious proposal, Nana Kwame Bediako, the leader of The New Force movement urges the citizens of Ghana to turn the tables on the system; to see our redemption in the call and initiative to identity a true leader and then to invest in this leader of our choice, in the candidate who has the right vision for the nation; and with that mindset to collectively support the bid of The New Force by donating to the movement and to its cause.

 

‘The responsibility of the leader is to serve you’, Nana Kwame Bediako candidly tells his audience in the launch of the virtual crowd-funding platform, ‘and the responsibility of the citizens is to give the leader the chance and the opportunity to serve the nation. … Remember the government does not make the people, the people make the government, the leader urges. … Let’s build a new nation.

Standing as an independent candidate in the 2024 Republic of Ghana presidential elections, the leader of The New Force movement, Nana Kwame Bediako, the long-awaited inter-generational leader, is an unparalleled source of pride and hope for Ghana, the answer to the call of the youth.

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For updates on key aspects of the campaign SAVE GHANA FUND, please visit  www.nkb.com.gh/donate                    

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