Basic python for traders - Installation of python with pycharm (part01)

Introduction

Python is one of the most widely used programming languages by students, researchers, data scientists, traders, and more and more programmers are switching to python. Python is older than JAVA. However, it did not receive support from developers and programmers in the initial years. Now, the python community has grown and has equipped Python with many options and features, making this language popular among all types of programmers. Unlike JAVA, which is updated once in few months with new releases, python is updated continuously through the community and newly developed modules or fast-updating modules are provided externally through the internet. Python has vast documentation covering almost every aspect of the language. I don’t think that any of the books so far published have more to offer than the free manuals and documentation already available on the python website.

Then why do we need this blog or a tutor to learn python? How can this blog help you? Most of the documentation available on the python website has been written with the assumption that the readers have some prior experience of programming language and also have some knowledge of computer hardware. The documentation and manuals are by the programmers for the programmers. Until you have some programming experience, you won’t be able to take advantage of the available documentation on python.

We assumes that the readers of this blog have no prior experience of programming, and these articles will build the basic foundation for python for traders and investors like you. This blog articles will guide you through various basics and advanced modules, enabling you to select the correct set of modules for your learning.

Although these article discusses almost all the basic concepts of python programming, however, the purpose of this book is to teach the basics of programming to traders and investors so that they may take advantage of python for building more sophisticated programming by selecting suitable modules for python code for trading to serves the purpose. You can assume these articles as python trading bot course or python for trading course for free !

Installation of python

Download the latest stable version of python for your operating system. I am using windows 07 and the present working version of python on this operating system is python 3.7. The downloadable installer can be downloaded directly from the official website of python, i.e. pyton.org.,

Assuming that you people are using the Windows operating system, click the installation file and make sure that you check and select the option to set the environment variable path.

Select customize installation option and ensure that pip, documentation, and other default installation are selected. The only purpose of customizing installation is that I want to provide a custom path for installation. Select “C:\python37” as a path of installation. In case you have version 3.9 version of python you can set the path as “c:\python39”. You can have multiple versions of python on your computer and to ensure that we are using the correct version of python from the correct location. It is recommended that you use the path as I suggested or remember the path of your python installation.  



How to verify python installation

On completion of the python installation, we can verify and confirm the correctness of the installation on our system. In the case of windows, open power shell, or command prompt or just type cmd on run command to open the shell in windows.

Type “python” on the prompt as shown above and there would be some output like the above suggesting that python is installed.  The new prompt will be like “>>>”, you can type exit() to exit from the python.

In the case you are using Linux, you can use terminal or xterm or shell window and type python on the prompt as shown above. Almost all Linux operating systems have building python compilers and Linux users may not need to install python on their system. The Linux users are advised to upgrade their python compiler or install fresh python at a different location only when the version of python is outdated.

In case you receive a command not found error, ensure that you have installed it correctly and you had selected the “add python to path” option during installation. The other important command in python is “pip”. The pip is a package manager that installs external packages into python by downloading the same from the internet.

On the command prompt(in Windows) or terminal window(in Linux), type “pip” and if the output generated is similar to the one shown on the next image, then pip is also installed correctly.


 

Installing Pycharm in next section


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