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

Final words

Well, any story comes to an end sooner or later, and this book is no exception. Even if you opened it with no idea about FX markets and algo trading, now you have definitely taken yourself to a new level. You have knowledge about FX markets comparable to that of a beginner professional desk trader. You know how to develop trading applications for both live trading and producing reliable backtests. You also know the risks pertaining to trading, for algo trading in particular. You have plenty of roads to go down — in terms of money management, performance analysis, and optimization – but there is one thing I really want you to always remember whatever you do:

Any good trading strategy always has a trading idea behind it. No sophisticated mathematics, no money management, and no optimization will help if the strategy is just a randomly chosen combination of technical analysis studies and parameters. Look for ideas in the market and use the mathematical and...