Introduction To Algo Trading: How Retail Traders Can Successfully Compete With Professional Traders

by Kevin J. Davey

Are you interested in algorithmic trading, but unsure how to get started? Join best selling author and champion futures trader Kevin J. Davey as he introduces you to the world of retail algorithmic trading. In this book, you will find out if algo trading is for you, while learning the advantages and disadvantages involved.. You will also learn how to start algo trading on your own, how to select a trading platform and what is needed to develop simple trading strategies. Finally you will learn important tips for successful algo trading, along with a roadmap of next steps to take.

Genres: Finance

85 pages, Kindle Edition

Published May 6, 2018

Reviews

[Piotr Karaś · Rating 2 out of 5]

This books is OK (for the OK-rating goodreads requires only two stars though). It's a short, introductory book for anyone to start a trading business based on algorithmic trading. It includes a good pros-and-cons analysis of using the automated trading systems, what they are all about, the testing proces and its pitfalls, as well as an overview of the most popular trading platforms. Although I am currently using MT4, TradeStation seems to be the preferred platform, so I will keep that in mind and maybe I will expand into or make a transition to this platform (and learn the EasyLanguage) in the future as well. However, until then I'm going to continue learning the MQL language and start the testing process.

[wenxiang · Rating 5 out of 5]

An interesting intro to algo trading. I’ve recently started my algo trading journey and I found myself already following Kevin’s approach in several ways.
Once thing to note is the personality test, I actually failed the test but I’m still determined to become a pro through learning, I guess, on top of the potential financial incentives of trading, character building and acquiring skills are also very important for me

[Gustavo Cacace · Rating 5 out of 5]

Good guidebook for beginners. Covers the basic knowledge for someone familiar with trading to enter the world of algo trading. Although the author uses one platform, he mentions others and suggests training on the one the trader chooses. He also encourages research to discover if the method suits the trader's personality.

[Yeoman · Rating 4 out of 5]

Intro is not an understatement

I like the book. I like the writing style. I've been a stock broker for 20 years and it came across to me as basic. But if you've not had the background of being a trader or a broker, then this will be a great place to start.

[Ebert Mahon · Rating 5 out of 5]

Clear focused intro to algos

Kevin offers a clear focused overview of algo trading that is easy to understand. His clear instruction really made me more interested in learning more about and using algo techniques.

[Pratik Ramani · Rating 2 out of 5]

Missing more examples

For beginners, this is good but you can search tradestation easy language introduction on YouTube and find all the information you need. It could be better if it has some more examples.

[George E Greenwood · Rating 5 out of 5]

Great Intro to Algo Trading

Very realistic advice as he lists the exact same problems I ran into when first starting algo trading. I'd highly recommend this book for new algo traders.

[Jacqui Schischka · Rating 5 out of 5]

This was a great easy book for traders who might be toying with the idea of whether or not to algo trade. It has some great advice and code for beginners from one of the great algo traders.

[DB Kalak · Rating 3 out of 5]

Clear, albeit elementary.

[Peter · Rating 3 out of 5]

Intro book to algo trading, as advertised. Too shallow and short. I would definitely go for Kevin's other book on algorithmic trading. It offers much more value, even if you are just a beginner.

[Gaurav Hasija · Rating 4 out of 5]

Good Read!

Nice and smooth, no complex equations and formulas, A good starter kit.

Book is nicely designed and goes step by step.

[Derek BSAPZPSY · Rating 1 out of 5]

Waste of time to read

It is too common sense. Not worth to read at all. Not teaching any algo trading techniques or skills at all.

[kamingkeith · Rating 5 out of 5]

great book

good start for Algo trade, Kevin point me out a new way to go. although I use MT5 to trade fx, but I still thank you.

[Elliott Palous · Rating 4 out of 5]

Good place to start if you're looking to understand the process of building a trading algorithm

[Đức Minh · Rating 2 out of 5]

Not my taste

[Stan Kruse · Rating 4 out of 5]

Some good thoughts and advice for retail traders like myself. Its worth a read if you're trading regularly.

[Korey · Rating 3 out of 5]

Intriguing, but the title doesn't deliver. Simply answers why mechanical trading is better.

[Juan Camilo Cañas Gómez · Rating 3 out of 5]

Good book for a really newbie

This book es really good for people that are just starting in the trading world. It describes in a very clean way all the things related with trading stocks and Forex Markets. This is a very good starting place to get an idea about how to properly develop algorithmic Trading. I recommend to you that read this first of all