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The market is rigged! Are you surprised? Part 1

Posted by | April 09, 2014 | economy, retirement income | No Comments

On this week radio show we discuss Michael Lewis’s new book Flash Boys and the his claim that the market is rigged.

Take our quick survey…

This poll is closed! Poll activity:
start_date 09/04/2014 08:23:46
end_date 16/04/2014 23:59:59
Poll Results:
Are you surprised the stock market is rigged?

 

The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, “Flash Boys: A Wall Street Revolt.”

High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send gobs of orders into the market, executing a small portion of them when opportunities arise to capitalize on price imbalances, or to make markets. HFT makes up more than half of all U.S. trading volume.

To listen to part 2 of the show where we discuss strategies you can use to have confidence in a rigged market click here:

http://wealthforlife.net/confidence-rigged-market/

 

About Denver Nowicz

Denver Nowicz is an independent financial services professional. He is the founder of Equity4Profit and Wealth For Life Financial Solutions. Over the last 12 years, Denver has successfully developed and implemented comprehensive wealth building retirement plans for individuals and businesses of all sizes. For over seven years he has hosted the “Get Wealthy Arizona” radio show featured throughout Arizona.

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