Australian AI driving fully automated trading

The Dunning-Kruger effect in social psychology describes a tendency for people with low abilities at a task to overestimate their skill in performing it.

This hypothetical effect becomes quickly apparent to a novice trader in an environment where such overconfidence can soon empty their account.

“Without professional help, data shows that a novice will typically blow up their account in a few weeks, if not days,” says Tui Eruera, CEO and founder of fully automated AI trader, Jaaims.