Book Image

Getting Started with Forex Trading Using Python

By : Alex Krishtop
Book Image

Getting Started with Forex Trading Using Python

By: Alex Krishtop

Overview of this book

Algorithm-based trading is a popular choice for Python programmers due to its apparent simplicity. However, very few traders get the results they want, partly because they aren’t able to capture the complexity of the factors that influence the market. Getting Started with Forex Trading Using Python helps you understand the market and build an application that reaps desirable results. The book is a comprehensive guide to everything that is market-related: data, orders, trading venues, and risk. From the programming side, you’ll learn the general architecture of trading applications, systemic risk management, de-facto industry standards such as FIX protocol, and practical examples of using simple Python codes. You’ll gain an understanding of how to connect to data sources and brokers, implement trading logic, and perform realistic tests. Throughout the book, you’ll be encouraged to further study the intricacies of algo trading with the help of code snippets. By the end of this book, you’ll have a deep understanding of the fx market from the perspective of a professional trader. You’ll learn to retrieve market data, clean it, filter it, compress it into various formats, apply trading logic, emulate the execution of orders, and test the trading app before trading live.
Table of Contents (21 chapters)
1
Part 1: Introduction to FX Trading Strategy Development
5
Part 2: General Architecture of a Trading Application and A Detailed Study of Its Components
11
Part 3: Orders, Trading Strategies, and Their Performance
15
Part 4: Strategies, Performance Analysis, and Vistas

Part 1: Introduction to FX Trading Strategy Development

Success in any software development project is determined by two main factors – how fluent you are with the technology and how proficient you are in the subject domain.

Part 1 gives an essential overview of today’s FX markets, focusing on their peculiarities, which determine the choice of solutions used in developing actual code. By the end of Part 1, you will have gained a conceptual understanding of the market structure, its operations, and the key risks, and at the same time, you will have learned about approaches to designing the architecture of trading applications, which address specific market-related issues.

This part comprises the following chapters:

  • Chapter 1, Developing Trading Strategies – Why They Are Different
  • Chapter 2, Using Python for Trading Strategies
  • Chapter 3, FX Market Overview from a Developer’s Standpoint