The programme gets across the psychological pressures of the job brilliantly. "The biggest battle is with your own mind," reflects Emil, a Toxteth fight promoter who takes to trading like a duck to (stormy) water. Amid the talk of "pairs trades" and "shorting on the open", there's the strong sense that share-juggling with other people's money is dramatically harder and more stressful than you might imagine
Million Dollar Traders - Part 2
BBC2 - 19 January 2009
2/3 - Profit and Loss
Eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. Can they make a killing?
The experiment reveals the inner workings of a City trading floor. The money is supplied by hedge fund manager Lex van Dam: he wants to see if ordinary people can beat the professionals, and he expects a return on his investment too. Yet no-one
foresees the financial crisis that lies ahead.
The traders were selected in spring 2008, before the US credit crisis gathered pace. The successful candidates were chosen, trained and dispatched to their specially created trading room in the heart of the Square Mile. Among them are an environmentalist, a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student and a shopkeeper.
The eight novice city traders struggle to ride the storm as stock markets around the world go haywire. Some of them take big risks, and others lose their nerve in spectacular fashion
Million Dollar Traders - Part 3
BBC2 - 27 January 2009
3/3 - Traders
Eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. The money is supplied by hedge fund manager Lex van Dam: he wants to see if they can beat the professionals. With just a couple of weeks to go, the gap between those who are trading well and those who aren't widens, and Lex Van Dam takes decisive action. By close of trading on the final day just three traders are left, but will they manage to make Lex a profit