Global Macro Trading: Profiting in a New World Economy (Bloomberg Financial)

In all honesty I wasn't expecting a book of this magnitude. It was helpful beyond all measure, while it does not go into depth on certain topics it is VERY VERY thorough in introducing main themes prevalent in Macro Trading and the intermarket correlations. What was interesting is Greg actually tries to quantify all aspects of risk in order for us traders to see how he manages it. While I would have preferred a stronger section on Modern Portfolio Theory the only detraction I can think of is in his foreign exchange section. I don't believe enough breadth was put into this section for the primary reasons. Yield Curves and the role of the central bank - hardly any mention if at all a mention An in depth section on Q.E. and it's effects. ERM - I think there is a small paragraph on it. Overall though this has been a great reference to learn more about areas I do not have experience in such as commodities. I will DEFINETLY buy more books of Greg Gliners in the future. Fantastic ability to present new materials.

A very good introductory book on Global Macro trading. Anyone with an interest in this wonderful trading strategy would benefit from this book. Whether you want to start trading Global Macro, integrate certain Global Macro overlays into your discretionary method or start investing in Global Macro funds this book will benefit you. Experienced practitioners will not benefit greatly from reading this book. But may by handing it out to current and future investors.

I can't believe it! Whoever this author is, he is fantastic. I was in a middle class bracket and I keep winning with the book. I have three children and my family is so much better off. I have tried other reads but could not get the returns that I needed. I am going to write this author. If you are looking for a way to trade that has vast returns, I highly recommend this book. Very well written an understandable. I truly feel this book can change anyone's life.

This book is an excellent source for anyone interested in understanding different areas of investing as well as how to asses global macroeconomic conditions when looking into potential trades/investments. The Bloomberg shortcuts are also very useful. I keep this book close by whenever I am conducting research and trying to understand macro risks.

Gliner has an impressive background, having formerly worked at AQR and Tudor Investment Corp. Considering his resume I was a little disappointed in how shallow the book digs into the subject of Global Macro. All in all, it's not a bad book, hence the three stars. It's a decent cursory overview of the macro game, just don't expect to come away with something new if you're familiar the topic. Great for those just starting out but I wouldn't recommend it to a seasoned speculator. If you're interested in something with more substance then I'd suggest sticking with the classics and reading Soros' Alchemy... Lefevre's Reminiscences... Dalio's/Bridgewater's whitepaper on How the Economic Machine Works... Sperandeo's Trader Vic... Schwager's Market Wizard series... Brandt's Diary of a Professional Commodities Trader... and both books by Drobny. Also, if you're interested in macro trading specifically, then I'd highly recommend checking out the work done by Macro Ops. They have some good links/books/references macro trading resources. Here's a breakdown of how the book is structured. Overview of Global Macro: Overview of Global Macro Strategies Trading Process, Sizing Trades & Monitoring Performance Back-tests, Queries & Analogs Building blocks of Global Macro Trading (Equities, Fixed Income, Foreign Exchange, Commodities) Technical Analysis Systematic Trading Global Macro Trading Foundation: Foreign Exchange in Global Macro Equities Fixed Income Commodities The Role of Central Banks in Global Macro Economic Data Releases and Demographics One particular section of the book that I found helpful though, was Gliner's section on query building and monitoring one's own performance. He suggests including a 'conviction level' that ranges from 1-10 on one's trade log. I've long toyed with doing something similar and think the idea could be really helpful to assessing your decision-making abilities over time. Here's Gliner on the subject: “Let’s assume a 0-10 scale, where 0 is no conviction and 10 is the highest conviction. If for instance, a pattern emerges where you are making money on most of your lower-conviction trades (5-6 score) and losing money on your high-conviction trades (8-10), this could be indicative of a confirmation bias. Conversely, if you are consistently losing money on your low-conviction trades, perhaps you should stick to high-conviction ideas.” Overall, decent book. Good starting point for those looking to dip their toes into the global macro game. But if you're intimately familiar with macro then you won't find much new here.

this is a list of facts no insights，it brings no value to those who have trading experience，just suitable for very beginners

This book had a ton of great information and really gave great depth into what global macro is all about. I am mainly a technical trader and don't pay too much attention to fundamentals so some of this stuff was way over my head and I didn't have a deep desire to learn about. I'll definitely give it a second read through after I finish hedge fund market wizards. www.engulfingthemarket.com

A great balanced read that both the sophisticated trader/investor will reference as well as the novice can learn from and thoroughly enjoy. Provides an easy to read and interesting balanced perspective in an environment where macro has become increasingly important to incorporate into ones investment process. Highly recommend!

Very informative book, a must read for a a trader

Wow what a great book. Highly recommend. An essential book to anyone trading in the financial market, whether your a beginner or experienced. Book help you make understand the ins and outs of the markets and how to maximize profit in currency trading. Teaches technical and fundamental analysis in a detail way that anyone can comprehend. This book really make me confident in my trading and has taken me to the next level with forex. Really think I can do this full time now.

Excellent book for any beginner or profession who wants to improve their knowledge about markets,

I was hoping the author would share his experience and knowledge about global macro. Instead, this book contains a bunch of investment basics, that everyone can find from free sources on the internet. I learned nothing about global macro trading from this book! I'd recommend: 1) Expected Returns: An Investor's Guide to Harvesting Market Rewards by Antti Illmanen 2) Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined by Lasse Heje Pedersen Cheers!

Global Macro Trading is a comprehensive and well-researched addition to the analysis of macroeconomics. Greg manages to clearly and concisely explain the most critical elements of macro trading – including systematic investing, technical indicators, fundamental data, and the critical role of risk management and discipline within portfolio construction. He demystifies the various flavors of global macro trading (including, for example, Trend Following and Risk Parity), while also diving deeply into asset-class-specific products and strategies, providing not only high-level information regarding the strategies, but also specific guides for implementation. Overall, the book is an excellent tool for any macro investor, suitable for both a seasoned trader as well as a novice hoping to develop an expertise in the craft.