Entertainment
26 articles
Jérôme Kerviel: the junior trader who hid €50 billion
A trader on an ordinary desk built €49.9 billion in hidden positions. Unwinding them over three days cost Société Générale €4.9 billion.
What was Black Monday 1987?
The Dow fell 22.6% in a day and it is still the record. The odd part: the market's fear gauge did not exist yet — 1987 is why it was built.
Paul Tudor Jones: the trader who saw Black Monday coming
In October 1987 the Dow fell 22.6% in a single day. One fund returned 62% that month — and the reason was a chart from 1929.
Did you know 'pip' is actually an acronym?
Every trader talks in pips, but almost nobody knows it's an acronym — Percentage in Point. What a pip really is, why the yen is the exception, and how it becomes your risk plan.
Richard Dennis and the Turtle Traders: can you teach someone to trade?
In 1983 Richard Dennis bet he could teach total beginners to trade like pros. He recruited the 'Turtles', gave them rules, and won — a lesson in systems and discipline.
Why do they call the yen carry trade the 'widow-maker'?
For years the yen carry trade pays like clockwork — then wipes out months of gains in days. The story behind forex's darkest nickname, and the risk lesson inside it.
Did you know market fractals were discovered in the price of cotton?
In 1962, Benoît Mandelbrot studied cotton prices and found the jumps repeated at every scale. That's how fractals were born… and a lesson about the market's real risk.
Did you know the forex market is only truly 'alive' for a few hours a day?
Forex is open 24/5, but almost all the real volatility fits in four hours: the London–New York overlap. Why that window changes everything?.
Nicolas Darvas: the dancer who made two million in boxes
A ballroom dancer turned $25,000 into more than two million by telegram, watching only price and volume: the Darvas "box" method.
What was the Medallion Fund?
One hedge fund returned about 66% a year for three decades — and has been closed to outsiders since 1993. What the Medallion Fund was?, and why you can't copy it?
Why does the US dollar dominate almost every forex trade?
The dollar sits on one side of about 89% of all currency trades — even in pairs that do not include it. Here is why, and what it means for reading strength.
Jim Simons: the man who solved the market
A math professor who never read a chart hired physicists instead of traders — and never let anyone overrule them. A lesson in method, not prediction.
Why do we call it a 'bull' or 'bear' market?
Two animals decide the mood of every market on earth. The reason comes down to how each one attacks — and to a very old con involving bearskins.
Why is CHF called the 'swissie'?
The Swiss franc's nickname is the easy part. Why the world runs to this currency when the world catches fire is the part worth knowing.
Why does the forex market never sleep?
There's no single building where forex trades — which is why the market runs 24 hours a day, five days a week, handing off around the world like a relay.
Nick Leeson: the trader who broke a 233-year-old bank
One trader, one hidden account, and a bank that had financed the Napoleonic Wars — gone. The most expensive lesson in trading isn't about being right; it's about the loss you refuse to take.
Stanley Druckenmiller: the man behind the trade that broke the pound
Everyone remembers Soros and Black Wednesday. Few remember the strategist who actually sized the bet — and whose real lesson is about how much you risk when you're right.
Bill Lipschutz: the sultan of currencies who lost everything first
He turned a $12,000 inheritance into $250,000 in college — then lost it all on one trade. That loss made him one of the greatest currency traders alive.
