I expect most times either a person has a financial, or a sofware development background. The 'university' topics cover a lot of sofware development skills. However, I am an experienced developer and new to the finance and trading world.
Now there are a lot of study guides, tutorials etc for learning basic software development. However, as a finance beginner, I don't know where to start and how to build a good study plan.
Can anyone help me into the right direction?
Boris Sachakov
I started with Investor's Business Daily http://www.investors.com several years ago. It gave me a strong financial foundation. Still reading it.
I also liked:
1. "Swing Trading" Jon D. Markman; I had to buy this one. Really Good.
2. Japanese Candlestick Charting Techniques, Steve Nison, 2nd Edition, 2001; There is a PDF of this one online.
3. Bulkowski's site on patterns: http://thepatternsite.com/chartpatterns.html
There's a lot more. But the above will give the strong start.
Petter Hansson
If I had to pick one book it would be "Building winning algorithmic trading systems" by Kevin Davey, because it explains a lot of pitfalls. There's a huge difference between a good looking backtest and a good trading system.
Also I would say reality is a great teacher. Manually trade with a small amount of capital because it will force you to learn relevant concepts, and eventually give you ideas on algorithms.
Anne-Mirthe Stam
Thank you both for the replies. I stumbed upon the book 'Quantitative Trading How to Build Your Own Algorithmic Trading Business' by Ernest Chan as well. Are you familiar with it? I started reading it already but wonder whether I should focus on the Davey book first.
Anne-Mirthe Stam
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
To unlock posting to the community forums please complete at least 30% of Boot Camp.
You can continue your Boot Camp training progress from the terminal. We hope to see you in the community soon!