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Algorithmic Trading

The term u201cAlgorithmic tradeu201d or u201cAlgorithmic Tradingu201d is now so widely familiar to everybody that some careless authors take advantage of this and wedge it in the name of their books to attract readersu2019 attention.<br>The reader sees such books and makes sure that s/he reads about algorithmic trading, when in fact he or she is told about automated one.<br>

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Algorithmic Trading

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  1. TECHMOON Top 6 Essential Beginner Books for Algorithmic Trading

  2. INTRODUCTION: The term “Algorithmic trade” or“Algorithmic Trading”is now so widely familiar to everybody that some careless authors take advantage of this and wedge it in the name of their books to attract readers’ attention. The reader sees such books and makes sure that s/he reads about algorithmic trading, when in fact he or she is told about automated one. The request to Amazon.com according to the words “Algorithmic trading” throws more than 900 books and several dozen have this phrase in the title.

  3. OVERVIEW: We will be discussing the following books in detail: • Way of the Turtle by Curtis Faith • The Peter Lynch Approach by Peter Lynch • Algorithmic Trading and DMA: An introduction to direct access trading strategies, 2010 written by Barry Johnson • High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems written by Irene Aldridge • Quantitative Trading: How to Build Your Own Algorithmic Trading Business written by Ernie Chan • Art of war by Sun Tzu

  4. Way of the Turtle by Curtis Faith Richard Dennis was the initiator of the experiment. Two traders in the 1980s argued with each other for $ 1, which can be taken from the street person (“turtle”) and teach him to trade. There was a contest of 1200 people. Of these, 24 people were selected. They were showed one model. For two years, these people earned 200 million dollars, in 1986, not having a computer, not having almost nothing. All transactions are carried out by voice only. The model involved a trade in which it was possible to be wrong 11 months a year, 10% of positive inputs, and they earned them.

  5. The Peter Lynch Approach by Peter Lynch The book was published in 1989, which is why some ideas described in it have become rather old. However, it is an excellent resource of information, especially for those who invest in cryptocurrency playing a long game. The book will teach how to recognize the future market winners. Peter Lynch preferred the humanities before heading the Fidelity Magellan Fund, one of the most successful investment funds in the history of financial markets.. He was the first to find stocks with the potential for future long-term growth. Today, information is transmitted much faster, and it may seem that it is impossible to find a promising project about which other investors have not heard.

  6. Algorithmic Trading and DMA: An introduction to direct access trading strategies, 2010 written by Barry Johnson The most right book about algorithmic trading in its strictest sense is algorithmic execution of orders. It has a standing offer on the table for reading to anyone who is engaged in the development of algorithmic engines in brokerage offices, investment banks, or under the investor’s wing. This book is not about automated trading. It makes no mention whatever of robots, Japanese candles, Elliott Waves, and Fibonacci Numbers.

  7. High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems written by Irene Aldridge There are general characteristics of the markets, the basics of the microstructure of the market, the classification of high-frequency algorithms, risk management, backtesting, and analysis of the programs. Everything is on a technical level, to understand what is useful; you have to wade through a bunch of generalized information. However, the directions given are correct.

  8. Quantitative Trading: How to Build Your Own Algorithmic Trading Business written by Ernie Chan This book deals with automated trading in general, without focusing on high-frequency strategies. However, the separation of algorithms is carried out – pulsed-type (momentum) and bidirectional (mean reverting), which is essential for HFT. There is also a lot of talking about backtesting and where to get ideas for algorithms.

  9. Art of war by Sun Tzu The book is the perfect guide to beat the opponents in various conflict situations. The main idea of ​​the book is that only methods of warfare change, the nature of man and the laws of war remain unchanged. According to the author, the art of war is based on the two most important instruments of warfare, which are tactics and strategies, applying which you will win before the “boiling point” of the conflict. Based on this book, Dean Lundell wrote The Art of War for Traders and Investors, which describes how to apply Sun Tzu’s methods to attract profits in trading. Of course, this is not the whole list of books for a novice trader, but this is the basis for your successful trading.

  10. Conclusion: Hereby Viewers, We summarize the ideology by the very simple quote on quote words,”Books Spread the individuality of thoughts in one’s personality.” Hope this Helps! :) Techmoon

  11. Thankyou!

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