First of all, you placed "wa" in the wrong place.
Watashi no namae wa Algas desu.
I don't understand Turkish so I don't know if there's any similarity, but wa is a particle to indicate its preceding word is the topic of the sentence.
Watashi = I
no = particle to indicate posessive
watashi no = of me, my
namae = name
desu is used to make it sound polite.
As for my name, (it's) Algas.
is the literal translation in English.