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Top Resources for Learning About AI in Finance by@bhavdeepsethi
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9,706 reads

Top Resources for Learning About AI in Finance

by Bhavdeep SethiSeptember 14th, 2024
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AI can help with risk assessment, sentiment analysis of real-time news stream, optimizing asset allocation based on risk tolerance. But where does anyone start to learn about all this?!? This is one of the most common questions I get. So I'm curating a list of resources that folks, new or experienced, might find useful in the journey.
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Leveraging AI can help improve operational efficiency and decision-making. AI can help with risk assessment, sentiment analysis of real-time news streams, optimizing asset allocation based on risk tolerance, and many more use cases. But where does anyone start to learn about all this?!? This is one of the most common questions I get. So, I'm curating a list of resources that folks, new or experienced, might find useful in the journey. Since finance is a very broad field, let's focus our tools on trading, which is one of the most popular use cases.

Theory/Research Papers

For the curious who want to understand why some of these techniques work and the prior art related to the topics.



  • Machine learning for trading: With an appropriate choice of the reward function, reinforcement learning techniques can successfully handle the risk-averse case.




Data Sets

Because you really can't learn to explore much without proper data!


  • NASDAQ: Access millions of financial and economic data points from hundreds of publishers via the Nasdaq Data Link suite of APIs.


  • Yahoo Finance: One of the most popular data sources, the link has a Python module to get stock data from Yahoo! Finance.

Existing Libraries/Strategies

  • stockpredictionai: This is a course in itself! A complete process for predicting stock price movements.


  • Personae: Implements and environment of Deep Reinforcement Learning & Supervised Learning for Quantitative Trading.



  • FinRL: A Deep Reinforcement Learning Library for Automated Stock Trading in Quantitative Finance. If you haven’t already, check out the linked paper in the theory/research section to understand the FinRL architecture.


Courses

If the above list has piqued your interest, there are also some good online courses that you can follow.



  • Quantopian: - Webinars about Machine Learning for trading.



  • AI in finance: Understand the foundations and applications of AI technology as well as the opportunities and risks associated with it.

Community

LLMs

Since LLMs are a hot topic, we obviously have to mention some material related to it!




Disclaimer: All investments and trading involve risk. The above list is for educational purpose only.  Users should perform their own due diligence before making any trading decisions.