PROGRAMME OVERVIEW
2020 IS SHAPING UP TO BE A YEAR FILLED WITH TRADING OPPORTUNITIES
With geopolitical tensions escalating, political polarisation on the rise, central banking potency in question and the U.S. presidential elections, there are sure to be macro dislocations that will produce great opportunities. This programme is designed to help you identify these dislocations that can turn out to be the start of multi-year trends.
Global Macro Trading is the ability to distill global narratives into a thematic market hypothesis that you believe will play out in the long run. The aim is to analyse and interpret macro-economic and political events and profit from the possible outcomes using the most optimal expression among a range of possible trading products – including currency, interest rates and securities.
This skill is in demand given the changing investment landscape where Government and Central Bank Narratives, Polarisation In Politics and Geopolitical Risks drive markets. As such, this environment requires a shift from Passive Investing to Active Management for traders to maintain their edge.
WHY LEARN FROM US
TrackRecord Asia is founded by market practitioners who headed investment banks and hedge funds. The depth and quality of our programmes are appreciated by Investment banks and Financial Institutions who continue to engage us to train their traders.
This is YOUR chance at learning a skill set used by successful traders.
YOUR PROGRAMME INSTRUCTOR
Vee has over 20 years of experience in the financial markets dealing in Foreign Exchange, Rates, Equity Index Futures, Equities and Commodity Futures.
He joined Morgan Stanley in 2010 to help build their Asian currency and interest rates franchise. In his role as Head of Asian ex-Japan offshore non-deliverable currency and interest rates, Morgan Stanley became one of the thought leaders in risk sharing and pricing within the Asian Ex-Japan space. From 2008 to 2010, he headed the Cross Markets trading team in Deutsche Singapore.
In 2003, together with a few partners, he co-founded NorOdin Investment Management LP, a hedge fund specializing in global macro trading with peak assets of 1.2billion USD. His trading career started with Chase Manhattan Bank (later JPMorgan Chase) London in 1997, with postings in the offices of JPMorgan in Singapore, Seoul and New York as well.
WHAT I’LL LEARN
Understand what Professional Traders Focus on
How to ride Multi-Year trends
Understand what truly drives market appetite for risk
How to detect stress in the financial system
How to position your investments to reap maximum benefit from economic situations
PROGRAMME OUTLINE
(I) Understanding Macro
How do Governments influence your income and wealth?
- Fiscal policy (MMT)
- Geopolitics (One Belt, One Road, Tech war – 5G)
- Trade Policy
- Capital Controls
- Political stability
- Blah Blah
How do Central Banks influence the price of everything?
Interest Rates
- What is it?
- What influences level of Interest Rates?
Central Bank Policies
- Benchmark rates
- Quantitative Easing
- Currency Boards/Peg
- Money Supply/Velocity
Bond Markets
- What is it?
- What influences bond prices?
- The Yield Curve (What flattening/steepening of YC moves mean?)
Why understanding Economic Cycles will make or save you a fortune?
Economic Cycles
- Important Economic Data points
- How Markets react?
What affects Investors’ decision to invest in a country?
- Political Stability
- Country Ratings
- Stage of Country Development (Developed, Emerging Market, Frontier)
- Types of Investment (Capital, Stocks, Bonds…)
How Inflation is a silent monster that eats away at your savings?
- What is it?
- Is it really dead?
- What causes it and why is it so low?
- How to protect your wealth against inflation?
What is causing the rise of populism and politicians who can say whatever they want?
- Increasing divide between the haves and the have-nots
- The increasing polarity of views – Why?
(II) Global Macro Trading
How you can profit when market moves a lot?
- Volatility – What is it?
- How to trade it?
- How does it influence trading decisions?
How to profit when market doesn’t move at all?!
- What is Carry?
- What is the price of carry?
Things you don’t learn in school or What really drives markets - Market Expectations & Market Positions
How to gauge market expectations?
- Survey
- Sentiment
- Market pricing
How to gauge market positions?
- Surveys – CoT etc
- Sentiment
- Market reaction
Case Studies – How to Profit from this?
Case Study 1: EUR/USD
- Death by a thousand cuts
- Still dying by more cuts
Case Study 2: Carry Trades – TRY & ZAR
- Carry me all the way!
IMPORTANCE OF KNOWING ABOUT GLOBAL MACRO
Reacting to economic data ex-post will NOT lead to successful Global Macro Trading- rather, edgeless speculation as most of its impact would have already been priced in by Institutional Market Participants.
Market cycles and history ebbs and flows. Hence, the global macro telescope will allow individuals to identify the potential trajectory of where the world is heading towards and this skill has much farther implications than just trading itself.
Having the know-how to decipher and employ knowledge of the macro world can greatly enrich us, not only monetary-wise but in many other more lasting ways too.
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It allows us to position ourselves and anticipate trajectories that can guide us towards superior life choices, that can positively impact not only us, but for generations to come.
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Learning the skill to uncover the macro environment is not merely a tool for the accumulation of wealth. It is also about survival. To thrive, we must first survive. Therefore, anyone who is serious about protecting your hard-earned wealth and in due time, accumulate that wealth, must take action at once, to confront ignorance and be in the know.
For only then, will we have a chance to make informed and forward-looking life choices – to grow, preserve and prolong the longevity of our wealth and improve living standards for ourselves and for those whom we love.
FREQUENTLY ASKED QUESTIONS
Why is Global Macro Important?
To catch long lasting trends in markets, it is essential to have the skill to connect the dots. From your current vantage point, the onward economic trajectory has many possibilities, Global Macro will equip you with the ability to identify the most dominant trajectory and then ride it.
Who is this suitable for?
This programme is designed for individuals who wish to go beyond the economic textbooks and understand how the global economy really works in the real world and how professional traders trade these global flows.
What will I learn?
You will learn what information professional traders look at and how to distill these information into executable trades.
Please fill in the form below and one of our programme consultants will be in touch within 1 working day.
ENROLL FOR THE PROGRAMME
START DATE: |
T.B.C |
DURATION: |
1 DAY |
STUDY MODE: |
FACE-TO-FACE |
FEE: |
S$2,500 |
As part of your registration, you will also receive a 1 month FREE membership access to our premium Market Analysis and Traders’ Chat Forum.