Guinness World records, true inspiring stories, incredible market statistics, the trading world is full of fun trivia facts and numbers. Not to be confused, though, with our much more serious top 10 scientific facts that will help you learn how to trade.
Honestly, the most challenging thing here was to choose which facts deserve the best to appear in this brilliant top 5 trivia facts about trading stocks, cryptocurrencies, and Forex.
And since you know we like to make things in music here in AdelTrade, let’s display our trivia fact playlist of the day. And maybe we can go with round two in a bit?
1. Hells bells
Not the AC/DC song, but the sound of the New York Stock Exchange ringing bell that traditionally starts the day session at 9:30 am every morning.
NYSE has existed since 1792; however, for more than 100 years, the traders were using a Chinese gong before replacing it in 1903 with this very iconic brass bell. The story doesn’t tell if they sold the Chinese gong to the Shanghai Stock Exchange.
Now digital but never automated, the bell can only be rang by one of the NYSE listed companies, whose stakeholders take their tour to be part of the tradition and have the honor push the button for the longest (or shortest) 10 seconds on their life.
2. Girls just want to have fun
Or do they? She’s definitely not Cindy Lauper, but Muriel “Mickie” Siebert might be twice as famous in the heart of traders for being the first woman to buy a seat on the exchange in 1965.
1965 only? After authorizing shortly women to work on the New York Stock Exchange during World War II – just because there was a shortage of male workers – the NYSE again banned women in 1947.
A stupid move that will take almost 20 years to be reversed. And again a decade for Mickie to be the only woman working in NYSE, among 1365 males. Known as “The First Lady of Wall Street”, Muriel Siebert died in 2013 and just had the time to see the percentage of women working at NYSE “growing” up to 9%. There is still some work to do.
3. Hanging on the telephone
I’m pretty sure Debbie Harry and the boys from Blondie never asked themselves the question but did you ever wonder why the GBP/USD currency pair is known as the cable?
The answer is pretty logical: before the emergence of the so-called real civilization (Internet and the satellites), New York and London stock markets were connected by a sizeable transatlantic cable that gave its name to one of the most famous pair (10% of transactions) among Forex specialists.
Now, currencies pairs don’t have as many nicknames as poker hands, but I’m pretty sure we will come soon with some beautiful stupid ideas about that.
4. Bulls on Parade
Like gold for markets, Rage Against The Machine is quite a sure value. Not sure, though, if they were referring in this song to the bears and bulls terms well-known by traders.
The bull market is a period in which the market is on an upward trend since the prices of stocks consistently increase, whereas the bear market is the opposite.
These two nicknames originate from very scientific yet straightforward observation of nature: a bear strikes its prey downwards while a bull will strike upwards the poor cowboy lost in the field. Anything else?
If Wu-Tang sang high that “Cash Rules Everything Around Me”, the richest person in the world as of 2021 remains Elon Musk, the founder of Tesla, with an estimated net worth of $203 billion.
It won’t be a surprise for you to know that the value of Tesla’s shares rose by 670% in 2020, despite (or because) of the intense character of its CEO. Incredible performance for such a controversial company and its colorful founder!
Jeff Bezos, who used to hold the title of the richest man in the world, should now sit in the second spot with “only” a net worth of $183 billion. Poor Jeff.
We hope you enjoyed this top fun fact of trading, and we will certainly be back soon with more. Any idea what should be there next?