#Global macro trading used how to

Part III provides the system for identifying dominant trades and achieving a portfolio which is profitable, even when the underlying view is wrong”.

#Global macro trading used how to

Part II teaches how to minimise the trades and portfolios, which have potential to lose money, even when the underlying view is correct.

Part I provides a framework for developing a positive risk/reward by using the market tides and avoiding the common mistake of stacking the odds against yourself.

The book is divided into three parts which build off each other and progress from least to most complex: “The book is structured around ridding your portfolio of inferior trades and isolating the superior ones. “The thrust of my investment strategy is not limited to analysing forces that drive markets… The Next Perfect Trade focuses on one of my personal advantages: Understanding the forces that drive successful trades…” His wealth of experience navigating the global financial markets is evident throughout the pages of his book, and what made it fascinating and refreshing was the angle he approached in sharing his experience.Īt the very start of the book, the author made it clear that: It’s a fascinating insight into the process and lens of a successful discretionary macro trader, and the book is available on Amazon for purchase.Īlex Gurevich was a proprietary trader at Deutsche Bank before moving over to JPMorgan’s basis swap desk, eventually managing a global macro portfolio. Continuing my never-ending pursuit of global macro education, I picked up an interesting book last year and was hooked to it immediately, reading it through in just one sitting: