Previous chapter: Chapter 10
Next chapter: Chapter 12
PREVIEW

... he stock market fluctuates randomly until reaching that point. The market may rise by one percent before falling by three and rise by two before falling by two. Then, in a second, the market collapses as investor fear reaches a tipping point. That’s why trading skills become more important than strategy as the leverage ratio becomes higher.


(EN: Leverage results from using borrowed capital as a funding source when investing to expand the firm’s asset base and generate returns on risk ...

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