Noise
eBook - ePub

Noise

Living and Trading in Electronic Finance

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

Noise

Living and Trading in Electronic Finance

About this book

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.

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Yes, you can access Noise by Alex Preda in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Introduction: The Ethnography of Noise in Electronic Finance
  6. 1.  Noise in Financial Markets
  7. 2.  How Does One Become a Trader?
  8. 3.  Taking On the Market: Competitions and Spectacle in Trading
  9. 4.  Rituals and Illusions of the Trading Screen
  10. 5.  Talk in Trading, Talk for Trading, Talk of Trading: Group Communication in Electronic Markets
  11. 6.  Trading Strategies
  12. 7.  The Lives of Traders
  13. Conclusion: Bourgeois Freedoms
  14. Acknowledgments
  15. Notes
  16. References
  17. Index