Friday, 20 October 2017

Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History

"One of the world's most infamous rogue traders"... This is how Sky News describes this book. But... I honestly think it is oversold. Well, it is a nice story that exposed the darker side on a trading floor. However, for those in the similar industry, there is really nothing new under the sun.

Having said that... I would not claim that this is a bad book. After all, the readers of this book may not belong to the same industries as mine. As such, it could be an interesting book to them.

The author did his best to expose all the darker side on his personal journey.  In this book, we have the author's biography on his trading life. At the same time, the author tried to point out the roots of the manipulation scandal. In short, we have the best summary on the on the shameless collisions to manipulate the financial market.

For a full rating of 10, I am going to rate it at 6. Overall, this is a good read as the author covered the details of the whole scandals from the perspective of a trader. Unfortunately, this book may not be so attractive to those who know the dark side rules inside the financial world. I would recommend this book for those who want to venture into derivatives and forex stuff. It is a must read before you step into the cruel part of the game... 

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