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Getting Started with Forex Trading Using Python

You're reading from   Getting Started with Forex Trading Using Python Beginner's guide to the currency market and development of trading algorithms

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Product type Paperback
Published in Mar 2023
Publisher Packt
ISBN-13 9781804616857
Length 384 pages
Edition 1st Edition
Languages
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Author (1):
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Alex Krishtop Alex Krishtop
Author Profile Icon Alex Krishtop
Alex Krishtop
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Table of Contents (21) Chapters Close

Preface 1. Part 1: Introduction to FX Trading Strategy Development
2. Chapter 1: Developing Trading Strategies – Why They Are Different FREE CHAPTER 3. Chapter 2: Using Python for Trading Strategies 4. Chapter 3: FX Market Overview from a Developer's Standpoint 5. Part 2: General Architecture of a Trading Application and A Detailed Study of Its Components
6. Chapter 4: Trading Application: What’s Inside? 7. Chapter 5: Retrieving and Handling Market Data with Python 8. Chapter 6: Basics of Fundamental Analysis and Its Possible Use in FX Trading 9. Chapter 7: Technical Analysis and Its Implementation in Python 10. Chapter 8: Data Visualization in FX Trading with Python 11. Part 3: Orders, Trading Strategies, and Their Performance
12. Chapter 9: Trading Strategies and Their Core Elements 13. Chapter 10: Types of Orders and Their Simulation in Python 14. Chapter 11: Backtesting and Theoretical Performance 15. Part 4: Strategies, Performance Analysis, and Vistas
16. Chapter 12: Sample Strategy – Trend-Following 17. Chapter 13: To Trade or Not to Trade – Performance Analysis 18. Chapter 14: Where to Go Now? 19. Index 20. Other Books You May Enjoy

Basics of Fundamental Analysis and Its Possible Use in FX Trading

I am sure that almost anyone who has ever been curious about trading has heard about fundamental and technical analyses. As with many popular terms, there’s a good deal of misunderstanding with both.

Most likely, you know that there is an analyst profession and that this profession is in demand in the financial industry. You might have even considered this profession for yourself because you heard that modern analysts use advanced computer technologies and come from the world of data science. However, there is a crucial difference between the two concepts; thus, the mathematical and computer inventory used with each of them is radically different. Moreover, their use in actual trading algorithms is also quite different. Let’s have a deeper look into both and see how (and if) we can use them in our applications.

We will review the key principles of fundamental and technical analyses, learn how markets...

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