Entries by Spencer Li

What is the NFP (Non-Farm Payroll) and How to Trade it?

The Non-farm payroll (NFP) is one of the most watched economic indicator by traders and investors, as it provides insight into the health of the US labor market. Released on the first Friday of each month, the NFP report tracks the change in the number of employees excluding farm employees, government employees, and non-profit organizations. […]

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Book Summary: Fortune’s Formula by William Poundstone

Fortune’s Formula is a captivating book that delves into the world of scientific betting systems and how they have been used to beat casinos and Wall Street. Written by William Poundstone, an author and journalist, the book uncovers the story behind the famous Kelly criterion, a formula developed by mathematician John Kelly that has been […]

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Book Summary: Forex Price Action Scalping by Bob Volman

“Forex Price Action Scalping” by Bob Volman is a comprehensive guide to the field of professional scalping in the foreign exchange market. The book provides an in-depth look into the techniques and strategies used by professional scalpers, as well as the mindset and discipline required to be successful in this high-pressure and fast-paced trading environment. […]

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Book Summary: Following the Trend by Andreas Clenow

“Following the Trend: Diversified Managed Futures Trading” is a book that delves into the world of managed futures, a specific type of investment strategy that involves the use of futures contracts. Written by Andreas Clenow, a hedge fund manager with over 20 years of experience in the industry, the book provides a comprehensive overview of […]

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Book Summary: Flash Boys: A Wall Street Revolt by Michael Lewis

“Flash Boys: A Wall Street Revolt” is a non-fiction book written by Michael Lewis, a well-known author and financial journalist. The book was first published in 2014 and quickly became a New York Times bestseller. The book is a detailed examination of the inner workings of the stock market and how high-frequency trading (HFT) has […]

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