Preda Alex - Noise Living And Trading In Electronic Finance - Paperback

Binding: Paperback
Description: We often think of finance as a glamorous world a place where investment bankers amass huge profits in gleaming downtown skyscrapers. There's another side to finance though the millions of amateurs who log on to their computers every day to make their own trades. The shocking truth however is that less than 2% of these amateur traders make a consistent profit. Why then do they do it? In Noise Alex Preda explores the world of the people who trade even when by all measures they would be better off not trading. Based on firsthand observations interviews with traders and brokers and on international direct trading experience Preda's fascinating ethnography investigates how ordinary people take up financial trading how they form communities of their own behind their computer screens and how electronic finance encourages them to trade more and more frequently. Along the way Preda finds the answer to the paradox of amateur trading the traders aren't so much seeking monetary rewards in the financial markets rather the trading itself helps them to fulfill their own personal goals and aspirations.
Title: Noise Living And Trading In Electronic Finance
Author(s): Preda Alex
Publisher: The University Of Chicago Press
Barcode: 9780226427485
Pages: 264 Pages
Publication Date: 3/1/2017
Series: Emersion: Emergent Village resources for communities of faith
Category: Investment & Securities