With the rise of artificial intelligence (ai tools), there are now many free ai tools available for beginners looking to get started with investing. These ai platforms use algorithms and data analysis to generate investment recommendations, portfolio optimization, and other features to empower new investors. In this article, we will introduce 5 of the top free ai investing tools perfect for beginners.
WallStreetBets Sentiment Tracker analyzes Reddit sentiment
One useful free ai tool is the WallStreetBets Sentiment Tracker, which scrapes posts and comments on the popular WallStreetBets Reddit community. It analyzes the sentiment towards different stocks and provides graphics on rising and falling trends. This gives beginner investors insight into market chatter and viral stocks.
Tickr’s AI Robo-advisor builds customized ETF portfolios
The UK-based investment platform Tickr offers a free AI-powered robo-advisor. Users answer a short questionnaire and the algorithms design a customized ETF portfolio catered to the investor’s goals and risk tolerance. It provides automation for selecting assets and rebalancing.
QuantConnect’s cloud platform for backtesting trading strategies
QuantConnect is a cloud-based platform for building and backtesting trading algorithms. Beginners can explore its Python-based API for free to code basic trading strategies, test them on historical data, and get practice before risking capital. There is also a wealth of community shared algos.
Tradespoon’s automated alerts identify trading opportunities
Tradespoon is a tool provides AI-generated trade alerts across stocks, forex, and crypto. Its algorithms continuously scan the markets for technical pattern breakouts, momentum shifts, and other statistically-backed signals. Users receive email and SMS alerts to seize trading opportunities.
Investo’s virtual trading uses AI to simulate live markets
Investo offers free access to its virtual trading platform that leverages AI to simulate real market conditions. Beginners can use its intelligent algorithms that react to strategies and provide feedback. It’s a risk-free way to gain experience before putting up actual money.
In summary, these 5 platforms show the possibilities of AI in empowering new investors. From analyzing sentiment signals to identifying trade alerts and even mimicking live trading, beginners have an abundance of free tools to leverage AI and make better informed investment decisions.