Nick leeson and Barings Bank collapse: My experience

my trading experiences
Nick Leeson brought down Barings Bank in 1995 after racking up huge losses through unauthorised derivative trading in Singapore. The immediate aftermouth of the Barings Debacle raised the question why a relatively small merchant bank had a trading operation in a far flung place so far away from its London head office. The consequences  the Nick Leeson and Barings Bank Collapse had on Bank Trading rooms worldwide Concerned, other banks began looking at their own trading operations all around the world. Why have twenty trading rooms, thus increasing the risk of a rogue trader or a financial loss when you could do the same with three trading rooms, one in each of the time zones and make the other centres into sales rather than trading operations. The repercussions for many…
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a forex career make money fast

my trading experiences
Foreign Exchange is the world’s fastest moving financial instrument. It is more volatile than equities, bonds or commodities. The underlying Foreign Exchange spot market moves first when any news or economic data comes out. This has a knock on effect as the derivatives market (derived from the underlying spot) then starts to react to the underlying spot. If you are a market participant in Foreign Exchange, whether your a Spot Trader, a Derivatives Trader or a Sales Person, the brutal volatility of Forex burns your metabolism. It is punishing working from seven until five (the London Trading Day) every day. Forex a short window of opportunity Due to the enormous pressure, a career in Forex is a short one and you only have a short window of opportunity to make…
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