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If this floats your boat you should also check out a BBC documentary from just about that time Billion Dollar Day - a 1986 documentary about currency (forex) s
by ArtWomb 8y ago
If this floats your boat you should also check out a BBC documentary from just about that time
Billion Dollar Day - a 1986 documentary about currency (forex) speculative trading
https://www.youtube.com/watch?v=mNmbjQhTHnE https://www.youtube.com/watch?v=mNmbjQhTHnE
Two interesting things. Almost everyone retires from dealing by age 30. And its amazing, given our current age of anonymity in markets and robo trading, just how personal FX markets used to be. Almost akin to a sitting around a poker table. With your counterparts halfway around the globe, setting bull traps ;)
Regarding the role of luck. Given current global macroeconomic policy seems to be determined on the merest whims of authoritarian regimes. There is an interesting strategy that comes with fading spikes in EM FX volatility. Very illiquid. It's pretty much casino gaming. But with monthly swings in 25%+ range!