ayondo AI-generated FAQs

Frequently asked questions are usually answered by search engines. If it becomes a bit more specific, for example in the course of using a certain service, the provision of basic or additional information is an important competence criterion of those offering the services. The likelihood of winning over a user can increase exponentially if interest is presented in a simple, easy-to-understand way without too much promotional ChiChi.
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The AI-FAQs are a real social trading network feature and only a small component of our growing community tool family.

Become part of the ayondo community and benefit from the knowledge and experience of investors with an affinity for the stock market. From day traders to trading system developers, you won't find a broader spectrum of like-minded people anywhere else. Look over the shoulders of professionals or use the opportunities to exchange ideas with others.

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Frequently Asked Questions (FAQ)

Some time ago, ayondo integrated Chat GPT into its information offering. Our development team is currently working on a Lab feature that will provide the community with AI-based financial news. The AI-FAQ section is also a lab feature designed by our innovation team. The exciting thing about it is that the social trading community can interact directly with the AI. In addition to the core function, the tool offers the possibility of evaluating the information content of the answer and at the same time suggesting the result for inclusion in the FAQ section. Feel free to give it a try, for example with this question

Just a few weeks after its launch, the AI content section is already growing! The largest user-generated trading and investment encyclopaedia is currently being created here. Many thanks to the trading community for their commitment and positive feedback. This motivates us! Further exciting AI developments are on our developer roadmap!

 

Some important criteria when choosing a financial service provider are: 1. costs: pay attention to what fees and commissions the financial service provider charges. Compare the costs with other providers on the market. 2) Offer: Check which financial products are offered and which investment strategies are available. 3. expertise: Make sure that the financial service provider has sufficient expertise and experience in the financial sector and can support you with questions and problems. 4. customer reviews: Read the reviews and experiences of other customers to get an idea of the quality of the financial service provider. 5. security: check how secure the platform and investment products are and whether the financial service provider offers deposit insurance.

There are several ways to hedge your equity portfolio. One simple method would be to place stop-loss orders to limit losses and minimise risks. Another option would be to buy put options to hedge against downward movements. Another approach would be to diversify the portfolio by buying different companies from different industries or regions to spread the risk. However, it is important to note that no method is 100% safe and that losses are always a part of trading. It is therefore advisable to thoroughly research the different hedging methods and carefully weigh up the possible risks and rewards before making a decision.

Contracts for Difference, also known as CFDs, are derivative financial instruments that allow an investor to speculate on price movements of assets such as shares, commodities and currencies without actually owning any assets. CFDs work by a buyer entering into a contract with a seller to trade the difference between the buying and selling price of an asset. If the price of the asset goes up, the seller pays the difference to the buyer. If the price of the asset falls, the buyer pays the difference to the seller. CFDs offer investors the opportunity to speculate on both rising and falling markets and allow them to control large positions with relatively little capital investment. However, they also offer a high degree of risk, as losses can be quick and substantial. Investors should therefore be aware of the risks before trading CFDs and seek professional advice if necessary.

Currency trading (also known as forex trading) is about exchanging one currency for another and speculating on the price changes. To do this, you first need to open a trading account with a forex broker and deposit capital. You can then buy or sell various currency pairs (e.g. EUR/USD or GBP/JPY) via a trading platform. Trading is usually done with leverage, i.e. you only use a fraction of the traded amount (e.g. 1,000 euros with a trading volume of 100,000 euros). This allows you to achieve high profits with comparatively low capital investment, but also to incur high losses. Trading takes place around the clock, as the Forex markets are active worldwide.

An Expert Advisor, also known as an EA, is an automated trading system that is installed on the MetaTrader trading platform. This programme uses algorithms and technical indicators to make trading decisions. It can implement various trading strategies and automatically execute orders based on predefined rules and conditions. Expert Advisors are particularly popular in Forex and CFD trading because they eliminate the trader's emotions and can enable trading around the clock.

As a beginner, there are several important things to know before you start trading:

  1. Understanding the Basics:
    • Learn key trading concepts such as stocks, bonds, forex, commodities, etc.
    • Familiarize yourself with trading terminology like bid, ask, spread, leverage, and margins.
  2. Education and Research:
    • Read books, take courses, and follow reliable financial news sources.
    • Research the markets you are interested in thoroughly before trading.
  3. Develop a Trading Plan:
    • Set clear goals and determine your risk tolerance.
    • Define your entry and exit strategies and stick to them.
  4. Risk Management:
    • Never invest money you cannot afford to lose.
    • Use stop-loss orders to limit potential losses.
  5. Technical and Fundamental Analysis:
    • Learn how to analyze charts and read market trends.
    • Understand financial indicators that might influence the market.
  6. Choose a Reliable Broker:
    • Ensure the broker is registered and regulated by financial authorities.
    • Compare fees, features, and the trading platform they offer.
  7. Start with a Demo Account:
    • Practice trading without risking real money to build your skills and confidence.
  8. Emotional Discipline:
    • Stay calm and follow your plan, avoiding impulsive decisions.
  9. Continuous Learning:
    • Stay updated with the latest market trends and strategies.
    • Learn from your trading experiences, both good and bad.

For more in-depth information, check out popular trading websites or financial forums like Investopedia.

To begin with trading, there are several essential skills that one should develop. Here's a list of important skills required for trading:

  1. Analytical Skills: The ability to analyze data and trends is crucial in making informed trading decisions.
  2. Research Skills: Thorough research is needed to understand financial markets, instruments, and various trading strategies.
  3. Technical Skills: Understanding charts, indicators, and trading platforms is necessary for executing trades effectively.
  4. Risk Management: The ability to manage risk through stop-loss orders and portfolio diversification is vital to minimize potential losses.
  5. Discipline and Emotional Control: Maintain discipline to stick to your trading plan and control emotions like fear and greed to avoid impulsive decisions.
  6. Numerical Skills: Comfort with numbers and calculations is essential for evaluating trades and potential profits or losses.
  7. Decision-Making Skills: Quick and effective decision-making is required to respond to market changes promptly.
  8. Patience and Perseverance: Trading can be unpredictable, so patience in waiting for the right opportunities is key, along with the perseverance to keep learning and adapting.
  9. Communication Skills: Useful for following market news, sharing insights, and engaging with other traders in forums or discussions.

Developing these skills can greatly enhance your ability to succeed in trading. For additional resources, consider checking sites like Investopedia for more in-depth information on trading concepts and strategies.

Before investing with real money, it is crucial to consider several factors to make informed decisions. Here is a list of important considerations:

  1. Financial Goals: Define what you want to achieve with your investments. Are you saving for retirement, a house, or a child's education?
  2. Risk Tolerance: Understand your comfort level with risk. Different investments come with varying levels of risk, and itโ€™s important to match them with your tolerance.
  3. Investment Horizon: Determine how long you can keep the money invested. Time horizons affect the types of investments you might choose.
  4. Diversification: Diversify your investment portfolio to reduce risk. Avoid putting all your money into a single investment.
  5. Research: Conduct thorough research on the types of investments you are interested in. Understand the market conditions and potential returns.
  6. Fees and Expenses: Be aware of any fees or expenses associated with the investments. These can impact your returns.
  7. Emergency Fund: Ensure you have an adequate emergency fund in place before investing. This protects you from having to liquidate investments prematurely.
  8. Financial Literacy: Enhance your understanding of financial concepts and investment strategies. Consider seeking advice from financial experts.
  9. Regulatory Compliance: Ensure that the investments are compliant with local regulations and laws.
  10. Long-term Strategy: Be prepared to stick to your investment plan, recognizing that markets can fluctuate. Avoid making impulsive decisions based on short-term market movements.

For more information on investment strategies and guidance, you can visit Investor.gov.

Risks in Trading Currencies

Trading currencies, also known as forex trading, involves several risks. Below is an outline of some of the key risks associated with currency trading:

  1. Exchange Rate Risk:

    This risk arises from the fluctuation of currency values. Unpredicted changes in exchange rates can lead to significant losses.

  2. Interest Rate Risk:

    Changes in interest rates can affect currency values. An increase in a country's interest rates can strengthen its currency, while a decrease can weaken it.

  3. Leverage Risk:

    Forex trading often involves substantial leverage, which can amplify both profits and losses.

  4. Credit Risk:

    This risk refers to the possibility that a counterparty will default on a trade, especially pertinent in over-the-counter (OTC) trading.

  5. Liquidity Risk:

    Some currency pairs may have lower liquidity, which can result in larger spreads and thus greater costs when trading.

  6. Political Risk:

    Political instability or changes can have a significant impact on currency markets, potentially causing steep currency valuation shifts.

  7. Economic Risk:

    This encompasses changes in a country's economic indicators, such as GDP, unemployment rates, and economic policies, which can affect currency stability.

For more information on currency trading and its risks, you might find it helpful to consult reputable financial websites or institutions. One such resource is Investopedia.

Trading Contracts for Difference (CFDs) can be an attractive option for investors due to the potential for high returns; however, it also involves significant risks. Below are some of the main risks associated with trading CFDs:

  1. Leverage Risk: CFDs allow traders to use leverage, which means they can open a position with a fraction of the total trade value. While this can amplify profits, it can also magnify losses, potentially exceeding the initial investment.
  2. Market Risk: The value of CFDs can be highly volatile due to the fluctuations in the market price of the underlying asset. Sudden market movements can result in substantial losses.
  3. Liquidity Risk: Some CFDs may have low liquidity, which can make it difficult to enter or exit positions at the desired price. This could lead to slippage, where the final trade is executed at a different price than expected.
  4. Counterparty Risk: Since CFDs are an over-the-counter (OTC) product, traders face the risk that the CFD provider might fail to meet their contractual obligations, leading to potential financial loss.
  5. Margin Call Risk: If the market moves against a CFD position, the trader may be required to deposit additional funds to maintain the position. Failing to satisfy margin calls can result in the CFD provider closing the position, possibly at a loss to the trader.
  6. Interest Costs: Holding CFD positions overnight can incur interest charges, adding to the cost of the trade and potentially diminishing profits.
  7. Complexity Risk: CFDs are complex products that require a good understanding of underlying markets and trading strategies. A lack of knowledge can lead to misinformed trading decisions and losses.
  8. Regulatory Risk: The regulatory environment for CFDs varies by country, and changes in regulations may impact the availability and terms of trading CFDs.

It is crucial for traders to thoroughly understand these risks, implement appropriate risk management strategies, and consider seeking the advice of financial professionals before engaging in CFD trading.

For more information on CFD trading, you can visit: Investopedia - Contract for Differences

Traders often lose money due to a combination of factors, which can include mistakes in strategy, emotional decision-making, and lack of risk management. Some of the common reasons traders may lose money are outlined below:

  1. Lack of Education and Preparation: Many traders jump into the market without sufficient knowledge or understanding of how trading works, resulting in poor decision-making.
  2. Poor Risk Management: Traders who do not implement proper risk management strategies, such as setting stop losses or position sizing, are more likely to experience large losses.
  3. Emotional Trading: Decisions based on emotions, such as fear or greed, rather than logic and analysis, can lead to impulsive trading choices and losses.
  4. Overleveraging: Using excessive leverage can amplify losses, leading to positions that are too large relative to the trader's account balance.
  5. Failure to Adapt: Markets are constantly changing, and traders who do not adapt their strategies to evolving conditions are at risk of losing money.
  6. Neglecting a Trading Plan: A well-defined trading plan is crucial for success. Traders who deviate from their plan or do not have one risk inconsistency and financial losses.
  7. Overtrading: Engaging in too many trades or trading too frequently can lead to increased transaction costs and decision fatigue.
  8. Not Cutting Losses: Holding onto losing trades in the hope they will eventually turn profitable can result in significant losses.

To minimize losses, traders should educate themselves, develop a solid trading plan, implement effective risk management strategies, and maintain emotional discipline.

Improving Your Trading Skills

Enhancing your trading skills involves discipline, continuous learning, and practice. Here are some steps you can take:

  1. Educate Yourself:
    • Read books and articles on trading strategies, market analysis, and risk management.
    • Follow reputable financial news sources and market updates.
    • Consider taking online courses or attending webinars.
  2. Practice Regularly:
    • Start with a demo account to practice trading without financial risk.
    • Develop a trading plan with specific goals and strategies.
  3. Analyze Your Trades:
    • Keep a detailed trading journal to track your trades and outcomes.
    • Review your trades regularly to identify patterns or mistakes.
  4. Manage Risk:
    • Determine your risk tolerance and set appropriate stop-loss orders.
    • Diversify your portfolio to minimize potential losses.
  5. Stay Disciplined:
    • Avoid emotional decision-making and stick to your trading plan.
    • Be patient and avoid the urge to overtrade.
  6. Seek Mentorship:
    • Connect with experienced traders to gain insights and advice.
    • Join trading communities or forums for support and learning.

For further reading, visit Investopedia's Guide on Becoming a Better Day Trader.

To be more successful in trading, you can consider the following strategies:

  1. Educate Yourself:

    Learn the basics and advanced concepts of trading, including technical analysis, fundamental analysis, and market psychology. Utilize online resources, books, and courses.

  2. Create a Trading Plan:

    Develop a comprehensive trading plan that outlines your trading goals, risk tolerance, and strategies. Stick to your plan to avoid impulsive decisions.

  3. Practice Risk Management:

    Implement strict risk management strategies, such as setting stop-loss orders, to minimize potential losses.

  4. Start Small:

    Begin with a small investment and gradually increase your capital as you gain experience and confidence in your trading skills.

  5. Stay Informed:

    Keep abreast of financial news and market trends that can affect asset prices. Use reliable news sources and analysis tools.

  6. Maintain Emotional Discipline:

    Control your emotions while trading. Avoid making hasty decisions based on fear or greed.

  7. Review and Reflect:

    Regularly review your trades to identify mistakes and successful strategies. Use this information to improve your trading methods.

  8. Leverage Technology:

    Utilize trading platforms and tools that offer charting and analysis features to enhance your decision-making process.

  9. Seek Professional Advice:

    Consider consulting with experienced traders or financial advisors who can provide guidance and insights.

For more information on these strategies, consider visiting Investopedia's Guide to Trading.

Here are some of the most common mistakes traders make:

  1. Lack of a Trading Plan: Trading without a well-defined plan can lead to impulsive decisions and inconsistent results.
  2. Poor Risk Management: Failing to set stop-loss orders and not managing risk appropriately can result in significant losses.
  3. Overtrading: Trading too frequently or in too large a size can amplify risks and lead to emotional decision-making.
  4. Letting Emotions Dictate Decisions: Emotional trading, driven by fear or greed, often results in poor outcomes.
  5. Ignoring Market Conditions: Not adapting strategies to suit current market conditions can lead to suboptimal performance.
  6. Lack of Education: Insufficient market knowledge and lack of understanding of technical or fundamental analysis can hinder trading success.
  7. Chasing Losses: Trying to recover losses quickly by taking larger risks can exacerbate the situation.
  8. Overreliance on Tips and Rumors: Trading based on unverified information or other people's opinions often leads to poor decisions.
  9. Failing to Keep Records: Not tracking trades and analyzing performance can prevent learning and improvement.
  10. Ignoring Diversification: Concentrating on a single asset or market without diversification increases risk exposure.

For more information on trading strategies and avoiding common pitfalls, visit Investopedia.

Before starting with trading, it is important to consider some best practices to increase your chances of success and manage risks effectively. Here are some key points to consider:

  1. Education:
    • Research and learn about the different markets (stocks, forex, commodities, etc.).
    • Understand fundamental and technical analysis.
    • Stay updated with market news and economic indicators.
  2. Capital Management:
    • Start with an amount you can afford to lose.
    • Avoid borrowing money to trade.
    • Diversify your portfolio to manage risks.
  3. Develop a Trading Plan:
    • Define your trading goals and style.
    • Set clear entry and exit points.
    • Determine your risk tolerance and risk-reward ratio.
  4. Risk Management:
    • Use stop-loss orders to limit potential losses.
    • Never risk more than a small percentage of your capital on a single trade.
  5. Emotional Control:
    • Avoid trading based on emotions such as fear or greed.
    • Be disciplined and stick to your trading plan.
    • Take breaks if you experience a streak of losses.
  6. Use Reliable Tools and Platforms:
    • Choose a reputable broker with good customer service.
    • Ensure the trading platform is user-friendly and has the necessary features.
  7. Maintain a Trading Journal:
    • Record all your trades and their outcomes.
    • Review your performance regularly to identify areas for improvement.

By following these best practices, you'll be better equipped to navigate the complexities of trading and make informed decisions. For further learning, you may also want to check resources on platforms like Investopedia or consult with experienced traders.

MetaTrader is a popular trading platform commonly used by retail foreign exchange speculative traders. It was developed by MetaQuotes Software and comes primarily in two versions:

  1. MetaTrader 4 (MT4): This version was released in 2005 and is widely used due to its advanced charting and analysis tools, along with support for automated trading through the use of Expert Advisors (EAs).
  2. MetaTrader 5 (MT5): Released in 2010, MT5 offers features similar to MT4 but with additional functionality like improved order management, more timeframes, and a broader range of asset classes, including stocks and commodities.

MetaTrader platforms are known for several key features:

  • User-Friendly Interface: Intuitive design that caters to both novice and experienced traders.
  • Charting Tools: Advanced charting tools that help traders analyze market trends.
  • Technical and Fundamental Analysis: A variety of indicators and tools for thorough market analysis.
  • Automated Trading: Support for algorithmic trading and strategy testing through Expert Advisors.
  • Multi Asset Trading: Allows trading of Forex, stocks, commodities, and more (mainly on MT5).
  • Community and Market: A large community of users and access to a marketplace of additional tools, scripts, and EAs.

Traders can download MetaTrader platforms from the MetaQuotes website or through brokers who offer these platforms for trading purposes.

Metatrader brokers are financial services companies that offer the MetaTrader trading platform to their clients. MetaTrader, developed by MetaQuotes Software, is a popular platform used by traders globally for trading in the foreign exchange market, as well as CFDs, commodities, and other financial instruments.

  • MetaTrader Versions:
    • MetaTrader 4 (MT4): Launched in 2005, MT4 is widely used for forex trading and features advanced charting tools, automated trading capabilities through Expert Advisors (EAs), and a vast library of indicators.
    • MetaTrader 5 (MT5): Introduced in 2010, MT5 offers additional asset classes like stocks and futures, alongside forex trading. It provides improved functionalities and more comprehensive trading tools compared to MT4.
  • Features Offered by Metatrader Brokers:
    1. Trading Instruments: Access to a wide range of markets including forex, commodities, indices, and CFDs.
    2. Advanced Charting Tools: High-quality charting with numerous indicators and tools for technical analysis.
    3. Automated Trading: Ability to create or use pre-designed Expert Advisors (EAs) for automated trading strategies.
    4. Custom Indicators: Users can create or implement custom indicators to suit their trading needs.
    5. Mobile Trading: Compatible with mobile devices, allowing traders to manage their accounts on-the-go.
  • Choosing a MetaTrader Broker:
    1. Regulation: Ensure the broker is regulated by a reputable financial authority.
    2. Trading Conditions: Check spreads, commissions, leverage options, and account types offered.
    3. Customer Support: Look for brokers that provide reliable customer support, preferably 24/5.
    4. Platform Suitability: Consider whether MT4, MT5, or both platforms are available and suitable for your trading style.
    5. Additional Services: Brokerage firms may offer educational resources, research tools, and advanced trading features.

Finding the best solution for trading currencies often depends on your individual needs, experience level, and goals. Below are some steps to consider when selecting an appropriate solution:

  1. Determine Your Trading Goals:
    • Identify whether you're interested in short-term trading or long-term investments.
    • Establish how much time you can dedicate to trading.
  2. Choose a Reliable Brokerage:
    • Look for a brokerage that is well-regulated and has a good reputation.
    • Consider the trading platform's ease of use and the tools it offers.
    • Check the fees and spreads to ensure they are competitive.
  3. Develop a Trading Strategy:
    • Decide if you want to use fundamental analysis, technical analysis, or both.
    • Implement risk management techniques, such as stop-loss and take-profit orders.
  4. Stay Informed:
    • Keep up to date with global economic news and events that could impact currency values.
    • Regularly review and adjust your trading plan as necessary.
  5. Utilize Educational Resources:
    • Take advantage of online courses, webinars, and forums to enhance your skills.
    • Seek mentorship or guidance from experienced traders if possible.

By considering these steps, you should be better equipped to find a trading solution that aligns with your objectives. Remember, each trader's situation is unique, and ongoing education and practice are key components to success in trading currencies.

The CFD General Regulation was published by the European financial regulator ESMA. The regulation includes various measures to regulate CFDs (Contracts for Difference), including leverage limits, margin close-out levels and negative balance protection. The aim of the regulation is to increase investor protection and reduce the risk of high losses. The CFD General Order has been in force since 1 August 2018.

A margin call is a request from a broker to the trader to deposit additional funds into their trading account to cover the margin call. This occurs when the trader's account balance falls below the minimum level required to maintain open positions. Without additional deposits, the broker may be forced to close the trader's position to limit losses. A margin call may also be triggered if the value of an asset falls quickly and significantly, resulting in a higher risk of loss. It is important to understand the broker's margin requirements and the risks of leveraged products to avoid a margin call.

In stock market trading, a gap is the difference between the closing price of the previous day and the opening price of the current trading day. If the opening price is above the closing price of the previous day, it is called an up-gap; if it is below, it is called a down-gap.

Gaps occur when there is relevant information between the end of trading on one day and the start of trading on the next day that affects the price. They can be important for traders as they can serve as an indication of a possible trend reversal or a continuation of the trend.

An equity curve simulator is a tool used to simulate the potential performance of a trading plan. It uses historical market data and data on specific trading strategies to calculate how the value of the trading account would increase or decrease over time. The Equity Curve Simulator allows traders to test their trading strategies for profitability and minimise their risks. The simulator is a useful tool for checking the performance of trading systems and for backtesting trading ideas.

The EURUSD peaked at 1.6038 on 14 July 2008.

Trading on margin refers to the buying or selling of assets where the trader only needs to deposit a fraction of the actual value of the asset as a deposit or margin. This allows the trader to take larger positions than he would be able to afford if he were to use the full amount of the asset. Margin is usually a percentage of the total value of the asset. If the trader's position is successful, he can make a higher profit, but there is also a greater risk of loss, as a small change in price can have a large impact on the actual value of the position. Therefore, it is important to apply strict risk management strategies and analyse carefully before trading on margin.

The Sharpe ratio is calculated by adjusting the return of an investment for the risk-free interest rate and dividing it by the volatility of the investment (measured by the standard deviation of returns). The formula is:

Sharpe Ratio = (return of the investment - risk-free interest rate) / volatility of the investment.

The Sharpe Ratio is a measure of the excess return achieved by an investment compared to a risk-free investment (e.g. a money market account) per unit of risk associated with that excess return. The higher the Sharpe ratio, the better an investment has performed relative to its risk.

ayondo Lab Project

This module is another innovation from the ayondo Lab developer series, which is in an early beta stage. The first version was launched in early March 2023, just a few days after Salesforce and Slack announced the integration of a Chat GPT beta.

Further development and optimisation of the feature set is planned. As with other Lab features, the product development cycle thrives on community feedback. Feel free to contact us if you have suggestions that would improve the utility and usability.


Additional note on usage: The questions listed here come from the community. The answers were provided by the AI. Inclusion in the FAQ/QnA is done after quality assurance, but without making editorial changes. The AI's answers to certain questions are not identical in every case. They may address the same question twice in a row. It is very likely that the answers differ in content and sentence structure.

The images displayed in the header are AI-generated. The parameters for generating the image files are generated from keywords that visitors to the portals use in the search function here.

Disclaimer:

The feature is experimental in nature and should be considered and used as such. Its primary purpose is to give the community the opportunity to test the latest technology without further barriers or payment barriers. How you use the information provided by the AI is entirely your responsibility. We recommend always using at least a second source of information for verification. If you have any questions about the tool, please feel free to contact the community.

Note on up/down votes:

We use this feature to give visitors the opportunity to rate the answer. The more downvotes an answer has, the more likely it is that a QnA will no longer appear in the overview. Watch the AI! The community is thus given an important role in the quality shearing process.

Notes on translations:

The translations are done by DeepL, another AI (Made in Germany).

It pays to participate!

The smartest questions will be awarded a prize in a draw at the end of the year. All you have to do is contact us after submitting your question. It is even easier if you submit your question while logged in to your user account.


Controversial perspectives on the developments surrounding artificial intelligence

On 20.03.2023, the German Ethics Council (ethikrat.org) addressed questions about the relationship between humans and machines and concluded that AI must benefit humans. We share this view in its entirety and carry out all AI-relevant product developments under this premise.

The tool is a joint project of RSQ and 3R AI Labs, a business unit of the project development company 3RMCN. The companies are committed to developing AI-enabled applications exclusively to increase customer value.