Course Name: Options Trading Strategies In Python: Basic, Section No: 4, Unit No: 7, Unit type: Exercise
Power bi would be more better than using python isn't it? since learning the python language is bit complex for some people.
Hi Heet,
Power BI has easy visualisation functionality and exceptional tools for creating dashboards, better than python for visualising data in many cases. But power BI is limited to simple data exploration, visualisation, and descriptive statistics.
Being a programming language, python is heavily customizable, and you can perform complete satistical and machine learning-based analysis that are not possible with powerBI.
In algo trading, we use python not just for visualisaion of data but also to perform statistical hypothesis testing, quantitative modeling, strategy creation, backtesting, and trading. Hence, we use python and not power BI.
If you have difficulty coding, please take part in our Python for trading: Basics course. In addition to the core concepts of python, this course covers libraries used in financial markets. This will help you build a strong foundation in python.
Hope this helps.