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

“Getting Started with Forex Trading Using Python by Alex Krishtop is an outstanding book for anyone interested in exploring algorithmic trading in the forex market. The book is well-structured and informative and provides an excellent resource for coding a scalable trading platform suitable for both research and live trading. One of the book’s strengths is the clarity of its explanations, which makes it easy to understand. The author has also done an excellent job of explaining the importance of performance analysis, trade analysis, and risk management, making it a comprehensive guide for anyone looking to dive into the world of forex trading. I highly recommend this book to anyone interested in algorithmic trading and forex trading in particular.”

Doron Whitman, Founder and CIO, Algorithmic Traders Association

“I found the book to be a helpful guide for anyone looking to improve their Forex trading skills using Python. The book covers a wide range of topics, starting with the basics of Forex trading and progressing to more advanced concepts such as backtesting and high-frequency trading. The USP of the book is how clear and detailed the explanations are. Alex has a way of explaining things in a simple yet concise manner, something only an expert in the field can do. Even if you’re new to Forex trading or Python programming, the author does a great job of breaking down complex concepts and providing practical examples that are easy to understand. I found the sections on strategies for developing and backtesting trading systems using Python to be particularly useful. Another great aspect of this book is how much emphasis it places on risk management and the psychological aspects of trading. The author provides valuable insights and offers practical tips for managing risk and avoiding common mistakes. Overall, I would highly recommend Getting Started with Forex Trading Using Python to anyone looking to improve their skills.”

Savio Shetty, Visiting Faculty, Institute of Actuarial and Quantitative Studies

“This book is a benchmark for anyone wanting to enhance foreign exchange trading profits using algorithms. The author has a distinguished pedigree in trading with algorithms. His easy-to-read writing style makes complex topics accessible and enjoyable to learn.

The book is far more than just a guide to crafting profitable algorithms using Python; it is a detailed road map. It is a valuable tool for both novice and veteran FX traders as it doesn’t just detail how to create Forex algorithms but provides an in-depth analysis of how algorithms can go wrong.

Mr. Krishtop covers a vast array of topics, including a review of some trading strategies, back testing, and the advantages and disadvantages of using Python for those strategies. Even better, the book provides a comprehensive overview of the forex trading world, communication protocols, and how to ensure the use of quality market data in crafting trading algorithms. He also includes a discussion on the pitfalls of fundamental analysis. If you have a basic understanding of coding with Python and the foreign exchange market and want to improve your trading acumen, this book is for you.”

Michael O’Neill, Treasury and Financial Markets professional, President and Chief Strategist at ONeill and Associates FX Advisers

“This book is a comprehensive and indispensable guide for anyone looking to venture into the world of algorithmic forex trading. It breaks down complex concepts into easily digestible chunks, making it an ideal resource for financial traders, Python developers, and academic researchers interested in forex trading. The author has meticulously covered every aspect of the forex market, from market organization and operations to the understanding of the sources of alpha and the concept of algo trading.

What sets this book apart from other similar books is its approachability. The author assumes basic familiarity with Python and object-oriented programming but does not require prior knowledge of network protocols, interfaces, markets, or trading. This makes it accessible to a wide range of readers, from beginners to established FX market professionals looking to explore algo trading. In short, it is a must-read for aspiring algo traders.”

Ruban Phukan, Co-Founder & CEO at Researchfin.ai | Author | Systematic Trading and Investing Evangelist

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.