BEYOND PRICE

<b>What does a market price really tell you—and what does it leave out?</b>

Most books about financial markets begin with what to buy, when to enter, or how much money can be made. <i>Beyond Price</i> begins with more fundamental questions: What are you actually buying? How is a price formed? Where does risk come from? And how can decisions remain coherent when the future is uncertain?

Across 47 chapters, Paul-Adrian Rotaru builds a structured map of the financial markets, connecting the institutions, instruments, behavior, and analytical methods that are too often studied separately.

Inside this book, you will explore:

• stocks, bonds, ETFs, indexes, derivatives, and other asset classes  
• exchanges, brokers, custodians, regulators, and the life cycle of an order  
• price discovery, order flow, liquidity, spreads, slippage, and market makers  
• financial statements, business quality, valuation, and the economic cycle  
• charts, market structure, technical indicators, and multi-time-frame analysis  
• investing, speculation, trading, leverage, and short selling  
• psychology, narratives, bubbles, manipulation, and decision-making errors  
• probability, drawdown, position sizing, diversification, and capital management  
• backtesting, overfitting, robustness, and strategy validation  
• financial crises, market history, technology, automation, and artificial intelligence

This is not a book of signals, secret formulas, or promises of effortless profit. It is a book about mechanisms, evidence, probability, risk, and disciplined thinking.

<i>Beyond Price</i> is written for beginning investors who want a serious foundation, as well as for experienced investors and traders who want to connect fragmented knowledge into a coherent framework.

The objective is not to make the future certain. It is to make better decisions while uncertainty remains.