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Book Review: How the Trading Floor Really Works

how the trading floor really works cover image
How the Trading Floor Really Works is authored by Terri Duhon, a financial expert with over 2 decades of financial market experience. Terri has spent time as a derivatives trader for JP Morgan and has founded a financial markets and trading consulting company, B&B Structured Finance Ltd. The trading publication is different to most others as it focuses on how a trading floor is organized and how it operates, more so than how to trade.

How the Trading Floor Really Works is one of my all-time favourite trading books. Please read below for my book review...




It Teaches a Complex Subject with Simplicity

The terminology used in financial markets and the language used by those on the trading floor is some what unique. You may feel like you understand trading terminology but upon reading the book, there will likely be phrases and words that are completely new to you. The trading book teaches how financial markets operate and the role of the trading floor within financial markets. How the Trading Floor Really Works also covers the role of the bank, sales reps, brokers, financial institutions and others, within financial markets and how they 'play their part'. All of this is taught with great insight but with simplicity.

It is Fascinating

'What role do banks play in financial markets?', 'What is the relationship between sales and trading?', 'What are debt markets?' and 'Why does the market move?', are some of the fascinating topics covered within Duhon's How the Trading Floor Really Works.  These questions and many more are addressed and answered with great insight.

The Book is a Break from the Norm

Sometimes it is worth having a rest from reading trading books about how to become profitable or about chart reading and fundamentals. How the Trading Floor Really Works provides a break from mainstream trading books and allows you to learn about different aspects of trading.

Summary

This is one of my all-time favourite trading publications. It won't teach you how to become a more profitable trader, it does not provide content on overcoming trading psychology and it can't teach you any sure profitable trading strategies. However, the book does cover topics that are not covered elsewhere and it provides insight into market participants and the mechanics of financial markets.

If you would like to purchase this book, please use this link if you are in the UK or this link if you are in the US.

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