Modern Probability Theory For Currency Traders

23 November 2017, 08:05
Ahmad Hassam

Quants are using stochastic calculus a lot now a days in building algorithmic trading strategies.

Do you know fresh PhDs are getting hired as quants with enticing salaries as high as $400K?

Way forward is algorithmic trading. Day of using technical analysis are coming to an end.

If you visit a hedge fund or a big bank, you will find the atmosphere like that in academia.

Modern Probability Theory is being used a lot in building sophisticated mathematical models.

These mathematical models for financial markets are indeed powerful.

I have written a blog post on the Modern Probability Theory for Traders.

In this post I explain how to build probability price models.

Algorithmic trading is all about building mathematical models that are correct say 80% of the time.

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