This is a compilation of my series on forex trading with Python. I’ll give you a link to each tutorial and a video overview, so you can keep this page open as you progress through the course.
Let’s get started!
Lesson 1 – Getting Started with Python and Forex
What is Forex? Forex is short for foreign exchange, and is the largest and most liquid market in the world.
Technical vs Fundamental analysis. This subject is as controversial as whether or not to use robots. Study hard, and draw your own conclusions. This will get you started.
Some high-level tips:
- Learning to code with Python is easier. I know it’s hard to believe, but it’s true. If you learn some Python you can start freelancing and start making some money pretty quickly. (I’m assuming you are interested in Forex to make money)
- If you’re new to Forex and trading with bots, you are going to lose money. It’s a steeper learning curve and will take longer to get educated.
- Knowing how to program is an essential skill if you are going to be using robots to trade.
- Spend some time every single day – even if it’s ten minutes – coding Python, working math puzzles, researching Forex, and building your own freelance business.
Okay, that’s enough for an appetizer, more here:
🌍 Learn More: You can read the full tutorial on the Finxter blog here.
Lesson 2 – Strategy and Tactics
The long-term plan and the ultimate end, in this case, might be becoming an entrepreneur, having your own business, being financially independent, or being a rocket scientist.
This long-term plan is our strategy.
The daily, weekly, monthly, and yearly concrete steps we take, those short-term goals that in our case will lead us to a career as a Python coder or successful trader, will be our tactics.
In the following article, I’ll give you my strategy and tactics on learning forex and Python from the ground up!
🌍 Learn More: You can read the full tutorial on the Finxter blog here.
Lesson 3 – Pivot Point Theory
The world of trading is completely different now than it was twenty-five years ago – but then what isn’t?
Have you ever seen a movie that shows the chaos of the trading pit in the old days?
Pit traders would calculate the pivots on the back of their cards and then have an idea of where they would like to buy or sell in the next period – the next day.
Those days are all but gone, and the trading floor looks more like a Silicon Valley software geek hangout.
But the pivot points still live on.
I have to warn you about three things here:
- Pivot points are not a trade signal.
- I learned pivot point theory from someone who figured it out on his own, so it may not look like anything you’ve seen before. And I don’t take his advice, I use them my own way.
- Most of what you will find online about pivot points is garbage.
🌍 Learn More: You can read the full tutorial on the Finxter blog here.
Lesson 4 – Trends vs Counter Trends
- Trend, Counter Trend, or Range trading can all be profitable. Study and test each one to find that sweet spot that works for you.
- Picking Bottoms (and tops) is a dirty business.
- Don’t fall into the trap that Support or Resistance are automatic trade areas.
- S & R combined with pivots, and KD can be a powerful setup. (I taught you earlier to learn the lingo.)
- Personally, I have never found a more exciting combination to work with than Python and Forex!
🌍 Learn More: You can read the full tutorial on the Finxter blog here.
Lesson 5 – Practical Projects
Doing a project for someone who doesn’t know how, or have the time to do it themselves, is a great way to put your Python skills to the test.
The great thing about freelancing your skills, is you never know what someone is going to need, and this can give you a great variety of projects.
PRO TIP: Don’t wait until you “feel” ready. You will never feel ready – what you need is confidence – by doing some real work, learning from your mistakes, and not making them again.
🌍 Learn More: You can read the full tutorial on the Finxter blog here.