The Role of the AI Trading Coach in Trading Education
Development under the supervision of Lech Downarowicz and the AI Finance Association
February 10, 2021

With the rise of artificial intelligence in almost every field, trading education has also evolved significantly. In collaboration with the AI Finance Association and under the leadership of Lech Downarowicz , the AI Trading Coach was developed - a virtual coach specifically designed to support traders during and after mentoring. This intelligent assistant has been programmed to understand traders' learning needs and is continuously developed by our members to stay up to date.

Try it now

The Role of Artificial Intelligence in Trading Education

In the age of digital transformation, the integration of technologies such as artificial intelligence has become indispensable. In the world of trading, it plays a central role in the further education and optimization of trading strategies. The AI Trading Coach is an excellent example of how AI-based learning systems can pave the way for more efficient and personalized training.

How does the AI Trading Coach work?

The AI Trading Coach uses machine learning to adapt to the specific needs of each user. Thanks to the integration of algorithms based on deep learning and natural language processing (NLP) , the AI provides real-time answers to questions and helps develop new trading strategies.

Three main advantages of AI in trading coaching:

1. Real-time answers : The AI Coach responds immediately to questions and offers tailored answers that are tailored to the individual learning progress.
2. Efficient learning : The AI recognizes knowledge gaps and suggests targeted learning content that helps close them.
3. Tailor-made strategies : By analyzing the trader's behavior, the coach can recommend suitable strategies and materials.

Why the AI Trading Coach?

The AI Trading Coach goes beyond traditional training methods by not only teaching content, but also motivating, reminding and supporting when learning stalls. This makes it an indispensable companion for anyone who wants to continuously develop in trading. The Coach is not a rigid learning platform - it offers individual learning paths that are adapted to the user's specific needs and progress.

Important instructions

Although the AI Trading Coach has been developed under strict quality controls, it may still occasionally provide incorrect information. Therefore, we recommend checking all answers and discussing them with the mentor or coach if necessary. It is important to stress that the AI is not a financial advisor and should not be used as such.

The Future of Trading Coaching

Collaboration with the AI Finance Association and continuous development by our members ensures that the AI Trading Coach always remains up to date. This continuous adaptation guarantees that the coach meets the changing needs of traders and takes into account new market conditions.

The future of trading education is here – and it’s smart.

How to use the AI Trading Coach:

1. Trading Coach homepage:

   • After logging in, you will see the main screen of the AI Trading Coach that will guide you on your trading journey. The Trading Coach will welcome you and will be your personal mentor to help you learn and develop trading strategies step by step.
   • Click on the Trading Coach in the menu bar to start the dialogue with the AI Coach. There you can ask questions directly or select topics where you need support.

2. Account overview:

   • Clicking on the account icon will take you to the account overview . This will show your current plan (eg “Guest”), as well as the number of available credits that you can use to use the AI Trading Coach and the various tools.
   • You have the option to register or log in to access advanced features. Once logged in, you can choose additional plans or upgrade your user account.

3. Memories and Progress:

   • The AI Trading Coach reminds you when there is new content or you have not completed certain courses and materials. This helps you to continuously track your learning process and not miss any important lessons.

Try it now

How to ask effective questions to the AI Trading Coach

To get the most out of the AI Trading Coach, it is important to ask clear and precise questions while providing the right context. Here are some tips on how to phrase your questions and improve your work with the coach:

1. Formulate clear and precise questions

   • Be specific: Avoid general questions like "How can I trade better?" and ask more precise questions instead. For example: "Which indicators do you recommend for analyzing stocks?" This way the coach can respond specifically to your request and provide you with helpful information.

2. provide context

   • Provide background information: If you have questions about a specific topic, provide the AI Coach with additional information about your current trading strategy or past experience. For example, "I already have experience in forex trading, but I want to focus on stocks now." This information will help the Coach tailor its answers to your specific situation.

3. developing strategies

   • Ask for step-by-step instructions: If you are working on developing a trading strategy, you could ask specific questions like, “Could you give me step-by-step instructions on how to build a day trading strategy?” This can provide you with in-depth and practical guidance.

4. Get feedback

   • Ask for understanding: After each explanation or strategy the AI Coach shares, you can ask if the information was understandable. For example, "Was all of that understandable? Is there anything you should explain further?" This will ensure that you fully understand what you heard.

5. Continuous Learning

   • Ask for resources: If you want to expand your knowledge, ask the AI Coach for further materials or courses. For example: “What courses on ai-fae.org would you recommend for my current level of knowledge?” This will help you to continuously learn and deepen your knowledge.

6. stimulate brainstorming

   • Ask open-ended questions: When you are brainstorming new ideas or thinking about your trading strategies, ask the coach open-ended questions such as: “What are some approaches to improve my trading psychology?” or “How can I revise my risk management strategy?” These types of questions encourage creative thinking and can help you gain new perspectives.

Example questions:

• “Which technical analysis is best for a beginner?”
• “Could you explain to me how to do fundamental analysis for stocks?”
• “How can I better control my emotions when trading?”

Topics for future discussions:

• Technical vs. fundamental analysis
• Psychology of Trading
• risk management strategies
• backtesting of trading strategies

With these tips, you can use the AI Trading Coach efficiently and receive targeted support for your trading journey.

For each of the above points, here are three precise pattern prompts that will produce good results and help you use the AI Trading Coach effectively:

1. Formulate clear and precise questions

• “What technical indicators do you recommend for short-term stock trading?”
• “How do I effectively analyze volume to identify trends in the market?”
• “Which strategies are best for trading in a volatile market?”

2. Provide context

• “I currently trade mainly Forex. What differences do I need to consider when switching to stock trading?”
• "I already have experience with swing trading. How can I apply this strategy in the cryptocurrency market?"
• "My current strategy is based on moving averages. How can I incorporate volume into my analysis?"

3. Develop strategies

• “Can you give me a step-by-step guide to developing a swing trading strategy for the stock market?”
• “How do I build an effective scalping strategy to profit from short-term market movements?”
• “What steps are necessary to develop an automated trading strategy for the Forex market?”

4. Get feedback

• "I plan to use a day trading strategy based on the RSI indicator. Do you think this makes sense?"
• “Was my assumption correct that the MACD is less reliable in volatile markets?”
• “Could you review the steps of my trading strategy and tell me if I missed anything?”

5. Continuous learning

• “What additional resources do you recommend to improve my technical analysis skills?”
• “Can you recommend specific books or online courses to expand my knowledge of risk management?”
• “Which platforms offer the best courses for fundamental analysis of stocks?”

6. Encourage brainstorming

• “What unconventional approaches could I consider to diversify my day trading strategy?”
• “How can I develop a new strategy that combines both fundamental and technical analysis?”
• “What steps can I take to improve my trading psychology and minimize emotional decisions?”

Example prompts:

• “Which technical indicators should I learn first as a beginner in technical analysis?”
• “Could you explain to me how to conduct fundamental analysis for stock companies in order to plan long-term investments?”
• “How can I improve my risk management to minimize losses in volatile markets?”

These prompts help you get precise and helpful answers from the AI Trading Coach and specifically improve your trading skills.

Try it now