PYTHON FOR FINANCE: A COMPLETE GUIDE:
- Introduction
- Q1: What is Python?
- Q2: Okay, So why are we focussing on Learning Coding for Finance People?
- Q3: What types of Instructions can we give using Python?
- Q4: Is it really that easy to Start Giving Instructions to Computers?
- Q5: How long will it take to learn those Grammars and ABCD?
- Q6: In case you are interested, you might wonder, What is the Cost of using Python?
- Frequently Asked Questions
- Q1: What is Python for Finance?
- Q2: How can Python help automate business tasks in finance?
- Q3: What are the advantages of using Python in finance?
- Q4: How can Python be used in algorithmic trading?
- Q5: Is the Python for Finance course only for experienced coders?
- Q6: How can non-coders benefit from the Python for Finance course?
Introduction
So, are you also new to this fancy term “Python Programming?” and wondering whether a person from a Commerce Background like CA, CS, MBA, or B Com has something to do with this Python or Not?
So, you have come to the right place. So, Let’s walk you through all the doubts that a beginner might have when he is venturing into this new world.
Q1: What is Python?
So, it is basically a Programming Language (okay too tough?? ) So, it is just a Language understood by Computer using which we can give any instructions to the Computer (Basically through Coding)
And this act of giving instruction and getting work Done is also known as “AUTOMATION”. So, technically, Python helps you in getting things Automated.
Q2: Okay, So why are we focussing on Learning Coding for Finance People?
As mentioned above, using Python we can give instructions to the Computer to perform the tasks which we would normally perform manually. Hence, it helps us to :
- Save Time
- Reduce Error
- Better Review of Work
- Eliminate Monotonous Task
- Focus More on Productive Work
Q3: What types of Instructions can we give using Python?
So, to answer that, “Basically, we can instruct the computer to do anything that we do by using the Keyboard, Mouse, and Apps in the Computer”
To give some Basic Use Cases:
- We want to download some files from some Websites, make 100 folders with certain names, and then copy all those files into that respective folder based on the folder names.
- We want the computer to open the GSTR-1 JSON of each month and convert it to an Excel File and compile all those in one single sheet
- Sending Emails to multiple people with different Subjects and Separate Excel Sheets
- Reading all Gmail emails and sending Auto replies
- Pulling data from any database and making reports as required
So, the list can be as long as we want, hence to sum up, Python is capable of performing any tasks which we would normally do on Computers.
Q4: Is it really that easy to Start Giving Instructions to Computers?
Well, the Short answer is “YES”. Once you know the Basics of Python Language (Like A, B, C, D..and the grammar right), you can basically write any kind of instructions to the Computer and get your work Done.
Q5: How long will it take to learn those Grammars and ABCD?
To get started, you can Start with a basic Python Tutorial (available on youtube), do the Installation, and learn the Basics first.
This should take you approximately 3-4 hours to get the wheels moving.
(To help you with this, we have a small Playlist of Video where in we have covered the Python Basics specifically designed for Finance Professionals)
Watch On YouTube
Q6: In case you are interested, you might wonder, What is the Cost of using Python?
Here’s the Good News! Python is an open-source library and is completely free to Use. You just need to learn some basic syntaxes and you are good to go.
Frequently Asked Questions
Q1: What is Python for Finance?
A: Python for Finance is a course designed to teach finance professionals how to use Python to automate routine tasks, analyze financial data, and develop trading algorithms. The course covers the basics of Python programming, along with specialized libraries and tools used in finance.
Q2: How can Python help automate business tasks in finance?
A: Python can help automate routine tasks in finance through the use of scripts. For example, finance professionals can write a Python script to automatically download data from financial databases, perform calculations, and generate reports.
Q3: What are the advantages of using Python in finance?
A: Python’s ability to work with large datasets makes it an ideal tool for finance professionals. Python’s data analysis and visualization capabilities make it easy for finance professionals to quickly analyze and interpret large volumes of financial data, identify trends, and make data-driven decisions. Python can also help reduce the risk of errors and inconsistencies that can occur when these tasks are performed manually.
Q4: How can Python be used in algorithmic trading?
A: Python can be used to develop trading algorithms that automatically buy and sell stocks based on specific criteria. The algorithm can be programmed to monitor the market continuously, make decisions based on the latest data, and execute trades in real time.
Q5: Is the Python for Finance course only for experienced coders?
A: No, the Python for Finance course is designed for both experienced coders and non-coders. The course provides a step-by-step guide to learning Python, starting with the basics and gradually progressing to more advanced topics. The course does not assume any prior knowledge of programming, making it accessible to anyone interested in using Python in finance.
Q6: How can non-coders benefit from the Python for Finance course?
A: The Python for Finance course is designed to cater to learners who have no prior programming experience. With the right training, anyone can learn how to use Python in finance and take advantage of its benefits. The course includes real-world examples and case studies, allowing learners to apply their new skills to practical scenarios.