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Noise : living and trading in electronic finance

Author: Alex Preda
Publisher: Chicago : The University of Chicago Press, 2017.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alex Preda
ISBN: 9780226427515 022642751X
OCLC Number: 972734321
Description: 1 online resource (pages)
Contents: Introduction: the ethnography of noise in electronic finance --
Noise in financial markets --
How does one become a trader? --
Taking on the market: competitions and spectacle in trading --
Rituals and illusions of the trading screen --
Talk in trading, talk for trading, talk of trading: group communication in electronic markets --
Trading strategies --
The lives of traders --
Conclusion: bourgeois freedoms.
Responsibility: Alex Preda.

Abstract:

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.

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