Significant technological advancements in trading and the financial markets have paved the way for a whole new type of trading: Algorithmic trading.
Around 80% of the daily moves made in both the United States Stock Exchange and Forex markets are made by machine-led algorithmic traders. At Alphachain Academy, we are one of the only trading firms offering a comprehensive Algorithmic trading programme. You can check out our course here
In this guide to algorithmic trading, we’re going to explore the concepts of algorithmic trading as well as detail the potential steps new traders can take to forge their career in algorithmic trading.
Last week we ran our the first online University event of this year with Bristol University’s Banking & Finance Society. Hosted by our Head of Trading Academy, Gavin Pannu and Funded Trader & Mentor Desmond Adeosun.
The event began with a brief overview of Alphachain and its objective to develop traders who then progress on to manage the firm’s capital. The students were then introduced to the topic of risk management which proves to be an important subject for traders and market participants.
Going into the week ahead, Japan’s economy expanded by more than expected in the fourth quarter, further extending the recovery from its worst recession post war. As a result, the Nikkei 225 finished the session up close to 2% breaking through the 30,000 handle; marking the first breach of the level in more than three decades. Company shares have continued to report positive earnings and with the nation also set to start vaccinations later on this week, it bodes well for market participants and investors. Conversely the Japanese Yen was amongst the weaker currencies starting the session this week as an upbeat risk tone swept across markets on growing optimism surrounding the Pandemic. Flows into safe havens were capped as Gold also remained subdued on lack of haven demand; prices have since retreated from the $1,850/oz level which was tested last week.
Last week saw the Dollar rally and press to multi month highs against a basket of currencies as a positive upbeat risk tone took centre stage. US equity markets continued to trade at all-time highs as market participants continued to digest positive earnings, progress in stimulus talks and positive economic data. As the week drew to a close, a weaker than expected Jobs report led to dollar strength cooling off as EUR/USD reclaimed the 1.2000 handle.
Last week saw the FED leave rates unchanged as expected whilst maintaining its asset purchases at the current rate. Fed Chair Powell concluded that household spending on goods has moderated whilst the labour market participation continues to remain below pandemic levels weighing on economic activity and job creation. The Fed also outlined that monetary policy is expected to remain accommodative until employment and inflation objectives have been achieved. Market participants will look ahead to the NFP jobs data to provide further insight on the state of the labour market as an additional 55,000 jobs are forecasted to have been added in the past month.
Proprietary Trading is a sought-after trading role job for both beginners and professional traders alike.
This is because there is no significant amount of capital needed to begin – as traders trade on behalf of a firm’s capital – and because the opportunity for advancement is much faster than other trading types due to the potential profits available.
If you’re a graduate fresh from University, or a beginner trader that can’t afford to part with the copious amounts of capital required to begin trading the financial markets, you may be wanting to start your trading career in Proprietary Trading.
Going into the week ahead, markets in Asia started the week slightly positive whilst equity futures in the US experienced gains following on from Friday’s losses. A lack of significant bullish catalysts meant that Covid-19 headlines took centre stage as cases continued to surge around the globe.
In the UK, PM Johnson is set to announce a tightening of border restrictions with a potential announcement banning entry into the nation for nationals of Covid-19 hotspots. There were also reports circulating that those arriving in the UK will need to isolate in hotels at their own expense. This comes after Johnson announced that evidence suggests that the new variant may be more deadly than otherwise perceived. Nonetheless records shows that both vaccines are still being used and are effective against both new and old strains.
When Twitter first broke onto the social networking scene it was viewed as a fun, microblogging platform where users could share updates about their lives with their friends and family.
Now valued at over $32 billion, Twitter has greatly evolved. It provides breaking news around the clock, and has become a place where celebrities, activists and politicians can connect, inform and educate their audiences.
But what some traders don’t know is that there’s a hidden side to Twitter, especially reserved for them. Enter: “Fintwit”.
Fintwit is an acronym that stands for financial Twitter. It’s the name given to the online community that primarily uses Twitter to discuss all things financial, from investing to stock trading.
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