Top 6 Essential Beginner Books for Algorithmic Trading

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TECHMOON

• Top 6 Essential Beginner Books for Algorithmic
  Trading

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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.

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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

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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.

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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.

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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 investors wing.
• This book is not about automated trading. It
  makes no mention whatever of robots, Japanese
  candles, Elliott Waves, and Fibonacci Numbers.

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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.

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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.

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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 Tzus 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.

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Conclusion

• Hereby Viewers, We summarize the ideology by the
  very simple quote on quote words,Books Spread
  the individuality of thoughts in ones
  personality.
• Hope this Helps! )
• Techmoon

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• Thankyou!