FAQs
We have provided a few list of frequent questions asked by our users. If you have any other questions, please get in touch via our contact section.
What is flaxbot AI?
Flaxbot AI is an advanced forex trading bot that utilizes finance data with artificial intelligence to analyze and identify trading opportunities, and execute trades automatically.
How does flaxbot AI work?
Flaxbot AI works by analyzing large amounts of historical and real-time forex market data, including price movements, indicators, news, and other relevant factors. It uses this information to generate trading signals and make informed decisions on when to enter or exit trades.
Can Flaxbot AI guarantee profits?
No, Flaxbot AI cannot guarantee profits. While it employs sophisticated algorithms and analysis techniques, forex trading involves inherent risks, and the market can be unpredictable. Flaxbot AI aims to improve trading efficiency and accuracy but does not eliminate the possibility of losses.
What are the key features of Flaxbot AI?
Flaxbot AI offers several features, including:
- Automated Trading: Flaxbot AI can execute trades based on its analysis.
- Technical Analysis: Our AI can identify market patterns.
- Risk Management: Flaxbot AI incorporates risk management strategies to help protect against excessive losses.
- Real-time Monitoring: The bot continuously monitors the forex market and adjusts its trading strategies as market conditions change.
- Backtesting: Flaxbot AI can test its trading strategies on historical data to evaluate their performance and optimize parameters.
There are many other features. Click here to see more
What forex markets does Flaxbot AI support?
Flaxbot AI supports a wide range of forex markets, including major currency pairs, cross pairs, and some exotic currency pairs. It can adapt to different market conditions and trade on various forex exchanges. Flaxbot AI can also trade stocks. We will also train our AI to be able to trade cryptocurrency too before the end of 2023.
Can I customize Flaxbot AI's trading strategies?
Yes, Flaxbot AI allows users to customize and define their own trading strategies based on their preferences, risk tolerance, and market analysis. You can set parameters and indicators that align with your trading style.
I want to train my own AI
Yes, Flaxbot provides tools which makes it easy for users to specify the data they want their own AI to learn. For example, the bot can learn to analyze and trade the news only. Users can specify the use of multiple data.
Is GPT-3.5 or GPT-4 available?
Yes, Flaxbot has integrated the GPT model into the system for users who wants to use the model. This way users can train any of their favorite GPT model without writing a single program.
Is Flaxbot AI suitable for beginners?
Flaxbot AI can be beneficial for both experienced traders and beginners. It can assist beginners by automating trading processes and providing analysis insights. However, it's important to understand forex trading concepts and risks before using Flaxbot AI or any trading tool.
How do I start using Flaxbot AI?
To start using Flaxbot AI, you need to sign up for an account on the Flaxbot platform. Once your account is set up, you can create and connect Flaxbot AI to your trading account. If you need more guidance, use our easy help videos or reach out to our support team.
Are there any costs associated with Flaxbot AI?
Flaxbot AI is free as long as you have an active trading account in our platform.