Trading in commodities (oil, precious metals, cattle, rations) is trading a lot of uncertainty and different variables need to be kept in mind as compared to trading currencies or other assets. These markets have different fundamentals meaning that the past and present price swings and long term outlooks can be vastly different to traditional currency or asset markets. hen we are dealing with this kind of unpredictability in the market, you need to be ahead of your game to make it profitable.
Some if not all of these commodities can be viewed as absolute necessities for living thus offer perfect investment opportunities if you are looking to diversify your portfolio. The volatility in these traditional markets can be just as high as in the Forex or Digital Asset markets. We at WalletInvestors have been doing forecasts for both of these markets previously and found that learning from both has been a huge help in setting up our free to use services for this market. There are a number of new AI-based platforms that try to predict the future of these traditional markets. They include predictions on volume, future price, latest trends and compare it with the real-time performance of the market. WalletInvestor is one of these AI-based commodity price predictors for the commodities market that appears quite promising.
Due to the massive fluctuations of the market, relying on predictions alone is not considered a viable option at all. If you are looking for an easy-fix solution and price prediction, you are placing your considerable investments at higher risk. You can use the predictors to make an educated guess about the future of the commodities market, but keep in mind that you need to follow the latest news and global impacts of these markets as well. But, ultimately, if you want a good ROI on your investment and scale down risk, you shouldn’t rely entirely on price predictors, but should by all means implement them as a method for risk assessment.
If you look at the WalletInvestor's model, predictions have been made for the future of most popular commodities. We are designed to follow the long-term trend of the item in particular, offer higher accuracy while doing so, but we might be a good tool when looking at short-term swings aswell. Many people now like to diversify their portfolio in various commodities without having to do the difficult research required for investing.
Our Machine Learing (AI based) forecasting takes a lot of variables into consideration while doing forecasts. We take market cycles, volume swings and price swings into consideration and also source out data from several exchanges so we don’t encounter risk from skewed data. We also refresh our data constantly, either on a hourly or on a daily basis depending on the type of movement a certain market makes.
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