Originally posted at forexfactory on May 2, 2011:
Anyone read Lyons book?I got a High Distinction in Mathematics and Statistics but still don’t know WTF he’s on about in all his equations. Do you think understanding the mathematics behind price determination is important for a trader or are the core concepts and participants involved all that an aspiring trader really needs to take from it.
That is, a trader who is not using quantitative strategies. I’m with him, with him, with him, then DART! he starts mathing it up and I’m gone and zone out for the next few pages
Never read Lyons, and it is very low on my to do list.
Well if you want to be a quant, then you study quant stuff I guess.
If you want to be an order flow trader, then you study order flow, information flow, news, liquidity, global macro stuff,etc.
There are some top hedge fund managers that are quants. There are many that are non quants as well. There are more non quants in the list. So I guess that is a hint, but each person’s skills lie in different strategies.