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How trading works, one idea at a time: the terms, the arithmetic and the mechanics behind an order.
65 posts in Education, newest first
AnalysisEducationCan LLMs Understand Financial Markets?An LLM can read an earnings call brilliantly and still make a poor trade. Large language models are strong at interpreting what people say about markets; forecasting the next price move is a different task. Confusing the two is where much of the disappointment begins.@Abe4 min read
AnalysisEducationWill AI Replace Traders?AI is taking over the work traders do with their hands far faster than the work they do with their judgment. Execution and routine analysis are increasingly automated. Deciding what risks to take—and owning the consequences—remains a human responsibility.@Abe3 min read
ExplainerEducationBefore Money: How Humans TradedThe familiar story begins with awkward barter and ends with the invention of money. Human communities were more inventive than that, using obligations, shared measures and remembered debts to keep exchange moving.@Abe4 min read
ExplainerEducationHow Coins Changed CivilizationA small stamp on a piece of metal helped strangers trade with greater confidence. From Lydia's electrum to Rome's debased coinage, coins reveal the power and danger of putting authority into money.@Abe3 min read
ExplainerEducationThe Birth of BankingBanking began with a practical question: where can valuable things be kept safely? From temple stores to Italian bills of exchange, the answer gradually changed how wealth could move through the world.@Abe3 min read
ExplainerEducationThe Medici Banking EmpireThe Medici built a banking network that connected Florence to Europe's powerful institutions. Their rise shows the ingenuity of financial organisation; their decline shows what happens when influence outruns control.@Abe4 min read
ExplainerEducationThe Dutch East India Company and the Birth of the Stock MarketA voyage to Asia could tie up an investor's money for years. The VOC helped transform that problem by separating a company's need for lasting capital from an investor's desire to sell.@Abe3 min read
ExplainerEducationThe World's First Stock ExchangeAmsterdam did more than provide a place to trade shares. It brought buyers, sellers, contracts and rumours into a concentrated market whose behaviour still feels remarkably familiar.@Abe3 min read
ExplainerEducationTulip Mania: Bubble or Misunderstood History?Rare flowers, rapidly rising contracts and a sudden loss of confidence made tulip mania real. The tale of an entire nation destroyed by bulbs is another matter. This is a story about speculation and the stories told about it.@Abe3 min read
ExplainerEducationThe South Sea BubbleThe South Sea Bubble joined a grand commercial story to government debt and easy credit. Its collapse shows how a rising share price can make a financial scheme appear stronger just as its risks are growing.@Abe4 min read
ExplainerEducationHow Wall Street Got Its NameBefore Wall Street meant global finance, it described a lane beside a defensive wall. Its history runs through colonial conflict, slavery and a small agreement between brokers that helped shape a major exchange.@Abe3 min readPage 5 of 6
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