CHAPTER 1
Absolute Return in a Competitive Market Environment
Trading is a contest of human intelligence in which traders try to gain an advantage over their opponents and to maintain or even increase the advantage over time. The goal of every trader, investor, or market participant is to distinguish between valid and misleading information and to determine whether information used for trading is complete. The shorter the time period, the more important is any information that can influence a price in the short or long term.
Therefore, this chapter will tackle some of the key questions of trading before the core analysis.
