
Can you trust a track record?
A track record is the easiest thing in trading to admire and the hardest to verify. Before you trust a curve, learn how it could have been built to fool you.
How desks build, test and run trading systems.

A track record is the easiest thing in trading to admire and the hardest to verify. Before you trust a curve, learn how it could have been built to fool you.

Price tells you where the market is. Liquidity tells you whether it can stay there. Here is how desks read the second chart.