3 things to know about using AI Chatbots for investing
AI Chatbots have huge buzz in the investing world—but they’re not all created equal!
Sponsored by moomoo. Moomoo is a leading trading platform with over 26 million users globally. It provides access to Canadian and US stocks and ETFs via user-friendly mobile and desktop apps, with low brokerage fees and free real-time Level 2 market data.
AI chatbots are becoming increasingly popular tools for investment research. But there are things you should know before you adopt everything they tell you!
Let’s take a closer look at some of the must-knows.
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1. They’re growing in popularity
It’s not an exaggeration to say that AI has had a significant impact on investing. AI chatbots have understandably become part of that process. Investors are using them for a variety of purposes, including saving time, data analysis and strategy development.
But you need to have a well-rounded AI Chatbot to be able to get the most benefit.
Moomoo offers a range of AI features that work in conjunction with its own chat features, in order to provide more comprehensive analysis.
As a moomoo investor, you can have access to:
- One-page overview: Get a daily update on the essentials you need to know about the market, eliminating the fluff and providing you with the straightforward information you need.
- Trend analysis: Research the market history of up to 100 stocks and get insights into their potential future performance, based on AI analysis.
- Technical sentiment: Easily gauge the market mood on a scale of “bearish” to “bullish” based on a range of 15 different key indicators.
You can find a more detailed rundown of moomoo’s AI features right here on Finder, too.
2. Use the right tools for investment
Most AI chatbots have limitations. Many—though not all—chatbots use outdated or unverified sources of online content.
One key issue is that many chatbots retrieve info from the internet, which might not always be up to date or from credible sources. This may lead to the presentation of inaccurate information, especially in rapidly evolving fields such as finance, healthcare, or current events.
But when you’re investing and you’ve got real money on the line—well, you want to make sure you’re getting the right information. As an investor, you need access to up-to-the-minute information to be able to make informed decisions.
With this in mind, the moomoo AI Chatbot stands out from others.
Moomoo Canada’s platform integrates a wealth of professional financial data from reputable companies, in-depth analysis reports, technical analysis tools, real-time market quotes, and premium news subscriptions (such as Bloomberg and The Wall Street Journal).
By combining this high-quality data with advanced AI capabilities, users can access a 360-degree view of market analysis and get reliable answers to their questions.
You can ask a wide range of questions—from macroeconomic trends to individual stocks—such as: “How many interest rate cuts has the market priced in?” “What is the target price for Tesla?” or “Which stocks offer the highest dividends in the U.S. market?”
Moomoo AI can answer these questions and deliver comprehensive insights with deep reasoning. On top of that, the chatbot provides source references for its data, giving you greater confidence that you’re receiving accurate and essential information.
3. They’re going to continue to evolve
Like any other technology, AI is set to evolve into the future—and that will have implications for investors, too.
To don a futurist hat for a moment, we can probably expect to see at least some of the following trends in AI Chatbot check—and probably more, too:
- Improved market pattern recognition
- Better risk assessment
- Higher-quality improved databases for Chatbots to draw from
- Automated—but nuanced—stop-loss and take-profit instructions
- Portfolio-specific bots, oriented around individual investment goals
These aren’t predictions drawn from thin air, either; some of these are already emerging.
For example, moomoo already offers automated market monitoring through its AI features.
When unusual movements in the market occur, moomoo’s AI features will flag them and notify you.
This allows you to make informed decisions about the market and your portfolio as events occur.
So, although AI chatbots are still emerging tech in the investing space, they’ve already had an impact.
They’re also likely to have a continued role to play across multiple levels of investment—from hobbyist to professional-grade.
Learn more about AI trading with moomoo
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