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Practical Machine Learning Cookbook by Atul Tripathi

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Support vector machine - currency trading strategy

The forex market is an international trading market where the currencies of every country are sold and bought freely. The price of one currency determined only by market participants is driven by supply and demand. The trading is conducted through individual contracts. The standard contract size (also called a lot) is usually 100,000 units. This means that for every standard contract acquired, the control is of 100,000 units of the base currency. For this contract size, each pip (the smallest price increment) is worth $10. Depending on the trading strategy of a trader, a position can be maintained for a very short time or for longer periods, even years. There are several tools that allow the trader ...

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