Why traders don't have to be coders

Simple trading strategies often work best

With stocks and bonds, evaluate the company and its prospects. In cross-exchange arbitrage, buy from low price exchanges and sell fast to high price exchanges. Even the most effective dishonest strategies, like insider information, are simple.

You are very unlikely to discover a strategy that works as well as the simple ones. Here's a secret about traders who code: Most traders who are coders try many complex strategies, and settle on automating a simple one. Others go broke trying to find a super magic trick that works.

That doesn't mean coding can't help

But you don't have to do it. There's a choice.

  1. Spend months — or years — writing code yourself.
  2. Let a service like Denova do it for you.
  3. Start making money now.

Your judgement is critical

You can evaluate risk. AIs and algorithms don't do a great job yet.

Risk is so complex that's it's often a pure judgement call. Read Jon Gregory's Counterparty Credit Risk if you want to know just how complicated.

Your judgement supported by a good trading platform is the best choice.

Ok, maybe you're sure you want to code your own strategy. It still makes sense to get a service so you don't duplicate work. Use Selenium to integrate any service with your own software.

And never forget, a bot bug can wipe you out.