Chan s first book quantitative trading is addressed to traders who are new to the field. It covers basics such as how to find and evaluate trading strategies, the practice and common pitfalls of backtesting, example strategies such as mean reversion of etf pairs and seasonal futures trading, and optimal leverage and asset allocation through kellys formula. For one, with the growing number of accounts and need for security, identity management is becoming more complicated for users. Chans first book quantitative trading is addressed to traders who are new to the field.
Ernest chan does all traders, current and prospective, a real service by succinctly outlining the tremendous benefits, but also some of the pitfalls, in utilizing many of the recently implemented quantitative trading techniques. While institutional traders continue to implement quantitative or algorithmic trading, many independent traders have wondered if. Chan provides a great overview of the process of setting up a retail. The focus is not as much on the strategy for trading as all other aspects related to setup, back testing and pit falls to watch out for.
How to build your own algorithmic trading business wiley trading by chan, ernie isbn. Great book for an introduction to quantitative trading. Oreilly members get unlimited access to live online training experiences, plus books. Ernest chan, a respected independent trader and consultant, will show you how. Top 5 essential beginner books for algorithmic trading quantstart. To see what your friends thought of this book, please sign up.
He makes the subject highly approachable and gives the impression that anyone can do it. Top 5 essential beginner books for algorithmic trading. The answer is yes, and in quantitative trading, dr. He also offers training via workshops or individualized consulting. Chan, is an expert in the application of statistical models and software for trading currencies, futures, and stocks. It covers basics such as how to find and evaluate trading. Quantitative trading wiley online books wiley online library. Whether youre an independent retail trader looking to start your own quantitative trading business or an individual who aspires to work as a quantitative trader at a major financial institution, this practical. This book was recommended by a quantitative trading website and. Some of the ideas on it alone are worth many times the price of this book. Starting from the very basics, the author constantly keeps it real while increasing the complexity.
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