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Getting Started with Forex Trading Using Python

You're reading from  Getting Started with Forex Trading Using Python

Product type Book
Published in Mar 2023
Publisher Packt
ISBN-13 9781804616857
Pages 384 pages
Edition 1st Edition
Languages
Author (1):
Alex Krishtop Alex Krishtop
Profile icon Alex Krishtop

Table of Contents (21) Chapters

Preface 1. Part 1: Introduction to FX Trading Strategy Development
2. Chapter 1: Developing Trading Strategies – Why They Are Different 3. Chapter 2: Using Python for Trading Strategies 4. Chapter 3: FX Market Overview from a Developer's Standpoint 5. Part 2: General Architecture of a Trading Application and A Detailed Study of Its Components
6. Chapter 4: Trading Application: What’s Inside? 7. Chapter 5: Retrieving and Handling Market Data with Python 8. Chapter 6: Basics of Fundamental Analysis and Its Possible Use in FX Trading 9. Chapter 7: Technical Analysis and Its Implementation in Python 10. Chapter 8: Data Visualization in FX Trading with Python 11. Part 3: Orders, Trading Strategies, and Their Performance
12. Chapter 9: Trading Strategies and Their Core Elements 13. Chapter 10: Types of Orders and Their Simulation in Python 14. Chapter 11: Backtesting and Theoretical Performance 15. Part 4: Strategies, Performance Analysis, and Vistas
16. Chapter 12: Sample Strategy – Trend-Following 17. Chapter 13: To Trade or Not to Trade – Performance Analysis 18. Chapter 14: Where to Go Now? 19. Index 20. Other Books You May Enjoy

Political events

Political events (such as presidential elections, wars, global treaties and declarations, and so on) also affect the markets, and the price behavior before and soon after such an event is somewhat similar to that of a reaction to regular economic news. This isn’t surprising because the mechanics behind the scenes is the same – everyone knows that this is a major event, no one wants to take excessive risk, liquidity providers withdraw liquidity from the books, and any new order, even small in size, can momentarily drive the price anywhere.

The difference between political and regular economic events is probably in the duration of the price movement after the event. Let’s consider a couple of examples.

US presidential elections, November 8, 2016

On this day, Donald Trump was elected the President of the US. His victory was not smooth: he was only the fifth president who lost the popular vote but was nevertheless elected. Therefore, if we...

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