What Is Data Extraction: The Complete Guide
Imagine spending hours manually copying price data from your trading platform to analyze trends. What if your strategy could automatically extract and p...
Imagine spending hours manually copying price data from your trading platform to analyze trends. What if your strategy could automatically extract and process this data while you focus on other tasks? This is the power of data extraction in modern trading—transforming raw market information into actionable insights without manual effort. What is data extraction? It’s the foundational process of gathering structured or unstructured data from sources, enabling traders to build strategies, validate hypotheses, and make decisions based on factual market behavior. Data is a collection of discrete or continuous values that convey information, describing quantity, quality, or basic units of meaning. It represents the raw facts from which useful information is derived. Data extraction is the first phase of the ETL process (Extract, Transform, Load), where data is pulled from source systems into a usable format. ETL is a three-phase computing process where data is extracted from an input source, transformed (including cleaning), and loaded into an output data container. According to Source 3, "ETL systems commonly integrate data from multiple applications...