Customer Reviews

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

5 star:		(4)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

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.

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.

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.

This book is just a puff piece of cobbled together homilies, of practically no use to investors. If you liked "Tipping Point" and "Black Swan", you'll love it.

Through his years of real expertise, Andrew is able to clearly state cause and effect relationships on financial markets of many different headlines. (Some of this is real world scary stuff that we as investors should be concerned about). This is a good book to help a reader understand various market scenarios and their potential outcomes.

if you have ever heard andrew busch talk on cnbc. you won't be bothered to buy this book. his opinion are normally opinion without data to back up on. he was asked to give grade to the obama administration performance in economic recovery and he gave them a C or D. based on what! and now the market is recovering. so forget about this book. waste of time!

like the other gentleman giving him a 1 star, his opinion are superficial, you won't analysed data in it. if there is a no star rating, i would have given it!

The fast information flow in the Internet age today dramatically intensifies trading activities and creates frequent yet fast-disappearing trading opportunities. This informative book guides readers to have a game plan for when such opportunities strikes, such as the example in the book on the 2002 SARS outbreak in China and other Asian regions. As the emerging economies such as China increasingly make significant impact on the global markets, the world trading platform will become ever more dynamic and complex. This book is a good start for traders to get ready for that.

Busch has written a fascinating and insightful guide to how the markets are affected by political and natural events in the news--from scandals to plagues to hurricanes and beyond...this book is an essential addition to the trader's (and fundamental analyst's) knapsack.