46 books
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1 voter
Trader
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Trading is not only a zero-sum game but an aggregate negative after deducting the trading cost and research expenses. Somebody’s gain is somebody’s loss, so the professional traders win the game because they have significant advantages over retail traders.
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The last transaction price is the least accurate measure of the fair value.
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Kings and queens, princes and princesses, knights and archers, merchants and traders, villager…more
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last active 9 years ago
