World Event Trading: How to Analyze and Profit from Today's Headlines (Wiley Trading) [Hardcover]

Andrew Busch (Author)

Book Description

Series: Wiley Trading | Publication Date: July 20, 2007

In an age of twenty-four-hour news coverage and cutting-edge technology, world events dominate our lives and impact the financial markets. From hurricanes to the war in Iraq, we exist in a crazy, connect-the-dot planet. However, the well-prepared investor can turn these events into profits. All they need is the ability to recognize the consistent characteristics of these events and the vision to build a strategy or portfolio that can take advantage of these situations when they begin to unfold.

As a foreign exchange strategist with over twenty years of financial experience, author Andrew Busch knows what it takes to make it in today’s dynamic market. And now, with World Event Trading, he wants to show you how.

Filled with in-depth insights and expert advice, this practical guide examines three categories of world events—infectious diseases, natural disasters, and politics—and provides hands-on strategies for trading profitably on each. Using actual examples of the war in Iraq, Hurricane Katrina, and other recent "page one stories," Busch shows you how to understand all-important market moods and anticipate profitable trades. He also reveals little-known details on legendary event-driven trading successes, illustrating how any trader can repeat them in different market environments.

Andrew Busch is the Global FX Market Strategist for BMO Financial Group’s Investment Banking Division in Chicago. He is a recognized expert on the world financial markets and how these markets are impacted by political events. Busch’s views appear in his daily newsletter, the Busch Update, which reaches 5,000 investors and financial professionals. He also writes a weekly column that appears on The Globe and Mail Web site on Fridays and in print on Mondays (circulation 40,000). Busch makes weekly appearances on CNBC’s Closing Bell with Maria Bartiromo and is frequently quoted by the Wall Street Journal as well as other news services. He graduated Phi Beta Kappa with a BA in economics from Ohio Wesleyan University and received an MBA from the University of Chicago.

Editorial Reviews

Review

"World Event Trading: How to Analyze and Profit from Today's Headlines is one of the more unique and interesting financial books that I have read in quite a while. Though often times trading books deal with the minutia of market movements, Andrew examines three types of world events: infectious diseases, natural disasters, and politics, from a historical perspective before showing how all three impact the financial markets." (-- Tom Aspray, Book of the Month Reviews, MoneyShow.com, August 2007)

From the Inside Flap

In an age of twenty-four-hour news coverage and cutting-edge technology, world events dominate our lives and impact the financial markets. From hurricanes to the war in Iraq, we exist in a crazy, connect-the-dots planet. However, the well-prepared investor can turn these events into profits. All they need is the ability to recognize the consistent characteristics of these events and the vision to build a strategy or portfolio that can take advantage of these situations when they begin to unfold.

As a foreign exchange strategist with over twenty years of financial experience, author Andrew Busch knows what it takes to make it in today's dynamic market. And now, with World Event Trading, he wants to show you how.

Filled with in-depth insights and expert advice, this practical guide examines three categories of world events—infectious diseases, natural disasters, and politics—and provides hands-on strategies for trading profitably on each. Using actual examples of the war in Iraq, Hurricane Katrina, and other recent "page one stories," Busch shows you how to understand all-important market moods and anticipate profitable trades. He also reveals little-known details on legendary event-driven trading successes, illustrating how any trader can repeat them in different market environments.

While making money in today's market isn't easy, the approach outlined within these pages will give you a distinct edge when it comes to trading world events as they occur. Essential issues discussed include:

• How types of diseases have changed over the years—from the Spanish Flu to Mad Cow—and why their influence on society and financial markets remains the same

• The effect of environmental disruptions—from earthquakes and tsunamis to global warming—on industries and economies

• The opportunities that government change and scandal offer the informed trader

• And much more

Infectious diseases, natural disasters, war, and other events have all made their presence felt in ways that have shocked financial markets. Due to vastly improved means of communication, the impact of these events has been concentrated into an even shorter time frame and created more pronounced price movement across global markets. With World Event Trading as your guide, you'll quickly become familiar with how world events develop and learn how to capitalize on these situations—and generate outsized profits—when they do occur.

See all Editorial Reviews

Product Details

• Hardcover: 244 pages
• Publisher: Wiley; 1 edition (July 20, 2007)
• Language: English
• ISBN-10: 0470106778
• ISBN-13: 978-0470106778
• Product Dimensions: 6.4 x 1.1 x 9.3 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #702,831 in Books (See Top 100 in Books)

More About the Author

Andy is the Global FX Market Strategist for BMO Capital Markets' Investment Banking Division in Chicago. He is a recognized expert on the world financial markets and how these markets are impacted by political events. Andy accurately called the 2006 Democratic takeover of Congress a full year in advance.

His views appear in his daily newsletter, the Busch Update. Mr. Busch consults with the staffs from the US Treasury, Congress, and the White House on economic and market issues on a regular basis. He met recently with US Treasury Secretary Henry Paulson and Council of Economic Chairman Ed Lazear.

Andy appears every Friday at 4:15 ET on CNBC's The Bell with Maria Bartiromo. On Thursdays, he appears on 1st Business, Canadian BNN's SqueezePlay and on Bloomberg TV. He has appeared on CNN's Money Gang & Moneyline, CNN International, Bloomberg Television & Radio, National Public Radio (NPR), WBBM News radio 780, Reuters Financial TV, and CBS Morning News in Chicago. He is regularly quoted in the Wall Street Journal, on Reuters News Services, Dow Jones News Services, Associate Press, and the Globe and Mail.

Andy writes a weekly column that appears on the Globe and Mail (Canada's leading business paper) website on Fridays and in print on Mondays.

Andy joined BMO Financial Group in 1990 in the foreign exchange trading room of Harris Trust and Savings Bank, which merged with Bank of Montreal's room in 1995. Prior to joining Harris, he traded foreign exchange at Northern Trust Company. He graduated Phi Beta Kappa with a BA in Economics from Ohio Wesleyan University in 1983, and received his MBA from the University of Chicago in 1988.

Customer Reviews

Most Helpful Customer Reviews

7 of 9 people found the following review helpful:

4.0 out of 5 stars Market Dynamics at World Events, October 6, 2007

By 

Thamir Alhashemi (Jeddah, Saudi Arabia) - See all my reviews
(REAL NAME)   

This review is from: World Event Trading: How to Analyze and Profit from Today's Headlines (Wiley Trading) (Hardcover)

I've always considered myself a student of the market. From this perspective, I categorize the knowledge that needs to be learned in order to survive and prosper (hopefully!) in the market into two broad categories: 1) Learning about trading techniques (fundamental, technical, psychological), and 2) Learning about market dynamics.

Andrew Busch's book "World Event Trading" according to my categorization definitely fall under learning about market dynamics. In my opinion, the book's name is a bit of a misnomer (a better name in my opinion would've been "Market Dynamics at World Events") mainly because the book ISN'T really about setting up opportunistic trades during major world events. On the other hand, Mr. Busch does a very good job showing you how different markets (stocks, currencies, etc.) respond to major world events (infectious diseases, naturla disasters, politics) while not forgetting putting the event in the context of what was going in the world when the event was occurring (which I thank him for it). In Mr. Busch words, "The purpose of this book is to get the reader to make better decisions on what is possible and what are the permutations of the events", and I think the author stayed faithful to this purpose througout the book.

What did I benefit from reading this book? The main benefit to me as a trader was developing what Dr. Brett Steenbarger calls "Differentiated Market Views". I began to think of a higher order of complexity. For example, I began to see how markets are interconnected and how "this" is related to "that" and how I can profit from the relationship. To summarize, this book enables a trader to develop increasingly complex models of the world by examining past world events.

1.0 out of 5 stars DO NOT BUY THIS TRASH, October 25, 2011

By 

C. H. Moss "xlntrep" (Phoenix, AZ) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: World Event Trading: How to Analyze and Profit from Today's Headlines (Wiley Trading) (Hardcover)

Luckily I only paid $10 for a used copy. Wiley Trading put together 150 pages of useless, padded information then puts a price tag of $49.95 on the inside cover. Andrew Busch has remarkable currency trading insight on CNBC's Money in Motion, however his name on this trash book puts his integrity as an author about 3 pips above a scam bag. You can read all the horrid details about the Bubonic plague and at the end of the chapter his great insight will tell you it was the burial workers and burial cloth makers that really made a killing during the early 1300's. Gee this is really great insight. I believe he authored about 10% of this book, or rather - this marketing rip off. You should be ashamed of yourself Andrew. His worn out political sound bites also help to lend doubt as to the legitimacy of any of his financial points he tries to make in a hurry. The book is also padded with endless charts without any kind of detailed explanations - another example of editor padding. Also there are dozens of grammatical errors which only prove how this tedious exercise was thrown together in a hurry by the publisher. Really, don't waste a penny on this nonsense.

3 of 6 people found the following review helpful:

5.0 out of 5 stars Top Trading Advice Based on the Events that affect the Markets, July 16, 2007

By 

L. Goldman (New York, NY) - See all my reviews

This review is from: World Event Trading: How to Analyze and Profit from Today's Headlines (Wiley Trading) (Hardcover)

Excellent advice and technique on how to use current events to your advantage when reading market movement. The author uses past events, everything from politics to mother nature, to show how you can predict market movement, and even looks into the future to predict what we can prepare for next.