Currently, I am learning python and plan to use it with interactive brokers API. Is it better to use any other programming language? With python is there any specific library you would recommend?
Additionally, it is desired to already know the basics of Pandas, the popular Python data manipulation package, but this is no requirement. If you then want to apply your new 'Python for Data Science' skills to real-world financial data, consider taking the Importing and Managing Financial Data in Python course. When a company wants to grow and undertake new projects or expand, it can issue stocks to raise capital. Note that stocks are not the same as bonds, which is when companies raise money through borrowing, either as a loan from a bank or by issuing debt. Stock trading is then the process of the cash that is paid for the stocks is converted into a share in the ownership of a company, which can be converted back to cash by selling, and this all hopefully with a profit. When you follow a fixed plan to go long or short in markets, you have a trading strategy. This way, you can get an idea of the effectiveness of your strategy, and you can use it as a starting point to optimize and improve your strategy before applying it to real markets.
When you are using Python for finance, you will often find yourself using the data manipulation package, Pandas. For now, let us focus on Pandas and using it to analyse time series data. This section will explain how you can import data, explore, and manipulate it with Pandas. Finance data check out this video by Matt Macarty that shows a workaround. Make sure to install the package first by installing the latest release version via pip with pip install pandas-datareader. Aapl = pdr. Get_data_yahoo'AAPL', start=datetime.
Finance with pandas-data reader. No worries, though, for this tutorial, the data has been loaded in for you so that you do not face any issues while learning about finance in Python with Pandas. Aapl = quandl. Lastly, if you have already been working in finance for a while, you will probably know that you most often use Excel also to manipulate your data. In such cases, you should know that you can integrate Python with Excel.
I believe this link would be beneficial for you: https://www.freecodecamp.org/news/algorithmic-trading-in-python/
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 3 years ago