In this compelling session from the Genesis Startup Competition at SuperAI 2024, Jonas Schleypen, co-founder and CEO of Hoc-trade, introduces a transformative approach in trading through behavioral AI. Addressing the pervasive issue of 'dumb money'—traders who consistently lose due to emotional and irrational behaviors—Schleypen presents Hoc-trade's innovative solution: Trade Medics. This AI-driven tool is designed to enhance decision-making by identifying and mitigating detrimental trading behaviors.

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Jonas explains how the tool leverages concepts from behavioral finance, such as prospect theory and the gambler's fallacy, to deliver real-time insights to traders. By doing so, it helps improve trading performance with a reported 63% increase for those utilizing these predictive algorithms. The core of Hoc-trade's offering is a B2B model aimed at brokers and exchanges eager to enhance retention and reduce churn. By providing traders with personalized reports that diagnose their trading pitfalls, brokers can improve client satisfaction and ultimately, their bottom line.

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Trade Medics is positioned as a market-changing solution, already securing partnerships with leading Forex and crypto brokers. Beyond its initial deployment, Schleypen envisions expanding the use cases of Hoc-trade's AI into gamified onboarding experiences and protective measures akin to gambling regulations. These future innovations promise to not only safeguard traders but also refine their strategies for sustained success.

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We invite you to explore this session for insights into how Hoc-trade is reshaping the trading landscape. Engage with us by liking, commenting, and subscribing for more groundbreaking talks from SuperAI 2024.