Noise

Living and Trading in Electronic Finance

Business & Finance, Finance & Investing, Investments & Securities, Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Noise by Alex Preda, University of Chicago Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alex Preda ISBN: 9780226427515
Publisher: University of Chicago Press Publication: March 1, 2017
Imprint: University of Chicago Press Language: English
Author: Alex Preda
ISBN: 9780226427515
Publisher: University of Chicago Press
Publication: March 1, 2017
Imprint: University of Chicago Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from University of Chicago Press

Cover of the book Demolition Means Progress by Alex Preda
Cover of the book Measuring Wealth and Financial Intermediation and Their Links to the Real Economy by Alex Preda
Cover of the book Photography, Trace, and Trauma by Alex Preda
Cover of the book Reinventing Hollywood by Alex Preda
Cover of the book Kinaesthetic Knowing by Alex Preda
Cover of the book Sojourners in a Strange Land by Alex Preda
Cover of the book Pictures from an Institution by Alex Preda
Cover of the book American Judaism by Alex Preda
Cover of the book The Lost Species by Alex Preda
Cover of the book The Museum on the Roof of the World by Alex Preda
Cover of the book Modernity and the Jews in Western Social Thought by Alex Preda
Cover of the book The Subversive Copy Editor, Second Edition by Alex Preda
Cover of the book Early Antiquity by Alex Preda
Cover of the book Instructions for American Servicemen in France during World War II by Alex Preda
Cover of the book Early Royko by Alex Preda
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy