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Beginning Forex Algorithmic Trading With Python
I finally got around to implementing my first Forex trading robot!
Introduction
For years, I have fantasized about building a Forex trading robot that would slowly and consistently increase its account balance. However, I was never really sure where to start. What company to use? How do I access the APIs? Is it safe?
Recently, I blocked off some time to learn what would be needed to develop such a system and it culminated in a very simple to implement python script. In the remainder of this article, I will detail how it works.
Disclosure: This article is not investment, tax, or legal advice, nor is it a solicitation for investment. Furthermore, I am not a financial expert and offer this only as a way to share my experiences.
Methods
Step 1 — Get a Forex Account
The first step is to open an account with a broker. After a bit of research, I decided to go with forex.com. Specifically their standard online account here. They have been around since 2006 and are part of the GAIN Global Markets Inc group which has been around since 1999. Their user base and trading volume seemed to make them a trustworthy platform. However, I have never used another broker so have no basis for comparison.
