Neural Networks and Learning Machines RapidShare

Review of book: Machine Learning in Action
based on neural networks

My last review for Manning Publications Co. can’t have been all bad, because they asked me to do another one. The book this time is Machine Learning in Action by Peter Harrington and currently available in MEAP. The review is a so called “2/3” review as the book is not complete. I had the pleasure of reading chapters 1 through 10 as well as some of the appendixes.

Many years ago I did my Master thesis on the mathematical properties of artificial neural networks. I haven’t been working much in this area lately, so it was quite fun to “re-visit” some of the theory and applications used both in ANN and machine learning.

The book is very application oriented and gives some very good and illustrative examples of algorithms which can be used for classification, forecasting or unsupervised learning. It uses Python for all the code examples, but gives very good directions on how to install and use it, so if you are new to Python or have never used it before, this should not hinder you from getting value from the examples.

The author has included a lot of references to background material, enabling the reader to seek more information on areas of specific interest.

One area I find is a little weak is the handling or explanation of the underlying statistics. Machine learning is really just a form of Non-linear optimization and we know when these models are better then OLS (Ordinary Least Squares) or “regular” regression. If a certain set of conditions are met, the OLS estimate is the Maximum Likelihood (ML) estimate, and then we really can’t do any better. What this means is, that machine learning or neural networks or whatever we call it, will only be better if these conditions are not met.

Source: Strobaek Blog

Elsevier Regression neural network for error correction in foreign exchange forecasting and trading [An article from: Computers and Operations Research]
Book (Elsevier)

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Brokerage Account

2005-09-27 21:17:34 by FXCurrencyTrader

Yes, you do need to open a brokerage account and fund it. If you didn't, you wouldn't be trading anything.
You can start a standard account with a $2,000 minimum. You can start a mini account with $300 minimum.
Forex trading is great, and in my opinion, much safer and easier than trading stocks or commodities.
I highly recommend purchasing a course, and learning before you go into it. You are much more prepared, and really know what you are doing when you start trading with real money.
There are a few different companies out there that teach you how to do it. It is important to get a good education. I checked them all out, and actually, the most expensive are not the best.
is the one that I used.
I am making several thousand dollars per week, but I...

Yes

2005-10-27 12:24:20 by FXCurrencyTrader

I would be happy to, but someone asked me that before, and when I answered, it was flagged. I am not sure, but I think that stock traders don't like Forex trading.
I am not sure why that is. The Forex market is much bigger, and it is recession proof. There will always be banks and businesses trading money. Chrysler, last year, made more money trading Forex than they did selling vehicles. This market is also less risky, with enormous liquidity, and no slippage. Forex has low transaction costs, much higher leverage, and low account minimums.
I just think you need to know what you are doing, and for most of us, it takes education. I didn't go and work in a hospital until I went to nursing school, and prepared myself. I wouldn't risk my money until I learned how to trade it....

FOREX

2005-09-27 20:54:15 by FXCurrencyTrader

I am trading Forex, from the computer at my home. I am making several thousand a week, but I am only trading one lot. Several friends who have more money than I are trading more lots, and are making way more money than I.
It is good for me, and I am building my account, and when I have more money, I will trade more lots.
It is not something you can just go and do, you have to learn about it, or you will waste your time and your money.
I studied for about six weeks, and during that time, I practiced on a demo account.
I took live classes online, and they were great. You can take them as many times as you like. I paid $2000 for the beginners and advanced classes, but you can start with $995 for the beginners class. I figured it is less than I would spend for a...

Mr.

2007-11-17 05:47:54 by u4eal

Look i will give you the truth about trading but you must realize that day trading the Stock market is a huge risk and so that is why I have switched (three years ago) to the Forex or foriegn Currency Exchange,I am by no means a professional but I consider myself seasoned. I tried like crazy to make money when I first started....I spent over Five Grand on educational classes and seminars teaching this very interesting business and finally began to earn a living and finally some real money. there is a huge learning curve, but if you want I will give you my secret weapon which has saved many of my friends and family countless hours and most often a lot of money and head banging.....lol so if you want to see how and what I do now, let me know.

Jack, thanks for introducing yourself!

2005-11-24 10:44:55 by DaySurfer

Hi Jack,
I am one of those rare people who LOVE lawyers (I was a legal assistant for YEARS in my 20s and also worked in word-processing when I was putting myself through design school).
You're right about the stress, though. Lawyers work lots of hours and (especially in a firm) are expected to pretty much give up their lives for several years.
Sounds like you have a LOT of other projects, though.
That's awesome.
I love sea kayaking. Used to go once in awhile in Seattle. And skiing (although I switched to snowboarding when I moved to Montana and don't think I'll go back to 2 sticks again!).
Day trading (I do Day Surfing) is fun. Do you trade Forex? I'm learning that right now.
Have a GREAT winter.

How to trade in currency markets  — Business Line
By including currency in their portfolio, investors can reduce the overall volatility to an extent and increase returns. While using money to buy and sell comes naturally to us, the thought of buying and selling money (currency) itself seems alien.


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