In this episode, hosts Luke and Ronni explore how traders can leverage free AI tools like Claude and Perplexity to gain institutional-grade capabilities without the hefty price tag. They demonstrate how Perplexity excels at market data and research, while Claude specialises in reasoning and portfolio analysis.
We share practical examples of creating watchlists, optimising portfolios, and managing risk using these platforms. They highlight Deloitte research showing AI-powered risk assessment has reduced portfolio drawdowns by 15% for professional funds.
This practical guide offers actionable insights for both beginners and experienced investors on using AI as your personal trading coach and analyst through accessible, free platforms that can replace expensive Bloomberg terminals for most retail trading needs.
So, would you use AI?
Key Timestamps:
00:00:34 - Introduction: The Rise of AI in Trading
02:00:13 - Cost-Effective Alternatives to Premium Trading Terminals
04:45:23 - Understanding the Two Key AI Tools: Perplexity vs Claude
08:17:13 - AI as Your Personal Trading Coach
14:09:04 - Using AI Projects for Streamlined Trading Research
17:27:04 - Crafting Effective Prompts: From Vague to Specific
20:25:24 - How Professional Funds Use AI: Performance Metrics
26:27:13 - Real-Time Demonstrations: Analyzing Stocks with AI
33:10:08 - Practical Benefits: Time-Saving and Decision-Making
40:40:19 - Getting Started and Conclusion
Runtime: 46 minutes
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Professional clients trading spread bets and CFDs can lose more than they deposit.
Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.
Your capital may be at risk.