Publisher's Synopsis
Where money moves, there moves greed, deception, conflicts of interest, bad practices and corruption as well.In this book we will speak through my testimony and other chapters of how trading, understood as the buying and selling of financial assets in seconds, minutes, hours, days or for a few weeks with a speculative intention in order to make a profit out of the price difference is dangerous, not only because of the inherent risk to this way of operating with the money, but because at all levels in trading and financial markets there are lies, deceptions and conflicts of interest. From the trading educators with IB (Introducing Broker) contracts, to the company managers and their auditing firms, almost every player in this field has a conflict of interest. On the other hand, in the last decade there has been an exponential increase in online courses on fundamental and technical analysis, used as marketing techniques to get new traders into the arena, which are of doubtful effectiveness in making trading decisions, especially technical analysis. We will also analyze the major players that move the markets, high-frequency trading, cases such as the possible Tesla and bitcoin bubbles, fundamental and technical analysis flaws. In addition, we will examine and criticize the trading strategies of the best traders of all time, talking among other topics of the "break" of the Sterling pound on September the 16th 1992, by the macro-operation in short headed by George Soros and his Quantum hedge fund team, subsequently followed by other hedge funds. In short, we will explain the reasons why the 90-90-90 trading rule is fulfilled, which says that 90% of new traders lose 90% of their available capital in 90 days or less.
