Navigating Today's Treacherous Markets: Central Bank Intervention, Rampant Insider Trading, "Bad" High Frequency Trading - Paperback

by Chandra Kumar (Author)

The Dow is down almost 1000 points! As you stare at the charts thinking what the hell might be causing this, the major indices almost miraculously recover within minutes. This event on May 6, 2010, now known as the Flash Crash, changed your perception of the financial markets forever. High Frequency Trading (HFT), something you had never heard of, is blamed for the debacle. You listen intently as one expert after another tells you that HFT is the "little guy's" worst enemy. The machines, the goddamn machines are ruining the markets, you become convinced. Then you hear about hedge funds being involved in illegal insider trading, about central banks meddling in the markets, and you throw up your hands in exasperation. Read this book to separate the facts from the hype. Learn that while there is "bad" HFT, which you must guard against, there is also "good" HFT. On balance, HFT is great for retail investors, contrary to the media blitz, and insider trading may become less of an issue in the future. Understand the issues, then learn to deal with them. An in-depth coverage of the most important trading rules will help you become consistently profitable and, importantly, teach you how to keep your profits. The markets may be treacherous but they are navigable.

Author Biography

Combining a passion for the markets with forty years of experience, veteran global investor and trader Chandra Kumar is always thinking about how the markets impact individual investors and traders. For the past twenty years he has worked full-time in the markets, as a broker, trader and a Local scalping in the futures markets. He now describes himself as a professional scalper displaced by the machines, and spends his time looking out for good longer-term position trades. He is still trying to figure out how his Ph.D. in Geology is going to help him in the markets.