Capital markets expert Joseph Benning takes you step by step through examples of successful trading strategies, advising on when and why to use them, as well as offering insightful discussions of trading psychology and risk management. Trading Strategies for Capital Markets is divided into three sections that cover the historical development of capital markets, the main market instruments, and important topics such as behavioral finance and position risk.

This comprehensive reference features
* Expert information on trading in capital markets from a seasoned pro
* Clear, actionable trading strategies that take advantage of market realities
* Lucid accounts of market organization, drivers, players, and instruments
* Coverage of crucial market subjects, including the politics of finance, globalization of the bond market, and market efficiency.

Benning assumes a mathematically sophisticated reader, who know little about how markets work. So he provides an education. Centred in no small way on the Efficient Market Hypothesis by Markowitz. This is the dominant theoretical framework for modelling financial markets, and whether you subscribe to it or not, you need to be well aware of it. The book suggests, based on plausible reasoning, that markets are weakly efficient. But that volatility can be greater than theoretically assumed.

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