261 AI For Trading Forex (What You Can & Can’t Do!) – Ernest Chan

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261 AI For Trading Forex (What You Can & Can't Do!) – Ernest Chan

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AI For Trading Forex (What You Can & Can't Do!)

In episode 261 of the Desire To Trade Podcast, I sit down for a trader interview with algorithmic trader and author Dr. Ernest Chan.

Dr. Ernest Chan is an expert in the application of statistical models and software for trading currencies, futures, and stocks. Over his career, he has built and traded numerous quantitative models for investment banks and hedge funds. He Currently manages a commodity pool and individual investor accounts and is the author of Quantitative Trading, a book which covers the basics of quantitative analysis in trading strategies.

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In This Episode, You'll Learn…

Who is Dr. Ernest Chan and what has his journey intro AI and trading been [00:28]
How traders were using AI 20 years ago for trading and how it has changed over time [06:51]
Will AI will replace manual traders? [13:52]
What is the process that Dr. Chan use to generate and get his strategies into the market and the difficulties that there are when applying a strategy to live markets [15:28]
How to make sure you are not over-optimizing a strategy [23:14]
The 2 different ways of using AI for trading strategies [25:46]
What do investors prefer? AI vs Manual Trading [27:24]
What is the next step on AI for trading according to Dr. Chan [30:45]
How can you start learning about quantitative trading and AI [32:11]
Where to find Dr. Ernest Chan [34:34]
What are Dr. Chan's goals for the future [35:00]
And much more!