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Will helping traders trade better make any impression on the market?


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  #1 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
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Or will it make no difference?


R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #3 (permalink)
 GFIs1 
investigating the steal
 
Experience: None
Platform: nobody interested
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Trading: forget about it
Posts: 2,194 since Feb 2012


There are many markets. Much offers and much demand means more liquidity.
For every buy there is a sell. So more traders or "better traders" are making
the market more liquid but NOT behaving differently.
One can find a lot of literature on this topic starting with Adam Smith's first
view on open markets theory up to very recent writers.

GFIs1


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  #4 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,892 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,662


GFIs1 View Post
There are many markets. Much offers and much demand means more liquidity.
For every buy there is a sell. So more traders or "better traders" are making
the market more liquid but NOT behaving differently.
One can find a lot of literature on this topic starting with Adam Smith's first
view on open markets theory up to very recent writers.

GFIs1

Thanks for your post, I know this is a very vague question and I appreciate the answer. Do you have a specific or favorite book of his in mind?


R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Started this thread Reply With Quote
  #5 (permalink)
 GFIs1 
investigating the steal
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 2,194 since Feb 2012

No need to (re-)read all of the old economist forethinkers.
Some recent reflections on theories might help further.
A very interesting article you can download here:

Financial conventions in Keynes's theory: the stock exchange | David Dequech - Academia.edu

Only in german there is a standard book for economists learning market theory:
Definition Informationsökonomik / Markttheorie | Gabler Wirtschaftslexikon

GFIs1


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Last Updated on December 13, 2012


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