In these days of major financial market turmoil many investors are trying to learn how to generate positive returns in good times and bad. What they are finding more and more is that Global Macro Trading is the best way to do this.
Instead of only buying stocks and bonds, we instead look at all the different asset classes and look for the best absolute return trades. What this means is that we don't just want reward but we want to know the risk that we are taking in order to get that reward. obviously the better the trade the more reward there is for each unit of risk.
So how do we learn more about Global Macro Trading? Well there are a few great sources. The first that we would recommend is to visit this site The Macro Trader and read everything we have there as well as sign up for the free Macro Trading 101 course. Next we would tell you to read a few books. Most notable among them are Inside the House of Money by Steven Drobny, Market Wizards and New Market Wizards by Jack Schwager, and then finally The Alchemy of Finance by George Soros.
After you have read all of these books your next step is to start reading, researching, and putting together your own ideas. if you are having trouble finding any we would of course also recommend that you subscribe to our newsletter. We are biased but we feel as though we put out the best macro trading letter we have come across. We put in countless (ok more like 60 or so) hours each week to help give you the best risk to reward trades that we can find across several different asset classes. We also provide a lot of financial analysis and commentary to back up each trade idea. Apart from our newsletter we also recommend that everyone read The Economist each and every week all the way through.
Happy Trading,
The Macro Trader
Saturday, April 18, 2009
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