Quote:
Originally Posted by IHAVEABIGHEART
What should I read first if I am interested in trading and also what would prepare me best for summer trading internship interview?
As a long time lurker let me try to post something useful for a change. I don't know your background. Any experience with math / finance / economics / poker?
For the real deal about currencies, derivatives, options, swaps etc. buy
"the bible" from Hull and try to make some exercises. This is not a casual book - very dense and a lot of math.
A book about the mindset you need to have is
"What I learned losing a million dollars". I recommend this book, also an interesting read for poker players.
Nice interviews with legendary traders:
"Market wizards".
Some casual reads about trading:
training new traders,
trading in the '80s and
the credit crunch.
For macroeconomics you can read
this primer from Greg Mankiw. The guy has a nice blog as well. You can also buy the economist every once in a while.
For the latest news, analysis and gossips about the markets I
highly recommend the
Financial Times Alphaville blog. They post a lot of links to other interesting reads as well.
Zerohedge is a nice starting point as well, though sometimes a bit too cynical as far as I am concerned.
That's a generic starter kit - should get you through the interview
I cannot recommend more unless you give more details about your internship. Trading cattle futures on the floor is probably completely different from trading bond spreads or HFT arbitrage. Also, if you pass the interview I think you learn more from trying and
especially observing good traders rather than reading a ******** of books.
Good luck, keep us posted!