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description: Discover the inner workings of today's forex market the essential risks in forex algo trading and how to mitigate them 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 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. This book is for financial traders and python developers who are interested in forex trading. Academic researchers looking to focus on practical applications will find this book useful. This book can also help established fx market professionals who want to take the first steps in algo trading. Familiarity with Python and object-oriented programming within the scope of an online course or self-study is a must. Knowledge of network protocols and interfaces is a plus but not a prerequisite as is specific knowledge about markets and trading.
language: English
title: Getting Started with Forex Trading Using Python: Beginner's guide to the currency market and development of trading algorithms
publisher: Packt Publishing