Tradeonomics-An Essential Guide To U.S. Economic Indicators

Course details

Do you know the #1 reason why many retail traders underperform compared to their market counterparts - interbank dealers, hedge funds, financial institutions? 

Studies suggests that despite retail traders having strong requirements to be well informed they are not. They do not anticipate returns on trades, lack trading acumen and are emotional when trading.  

So what stops traders from being better informed, improving their trading acumen or eliminating emotional forces such as hope and wishful thinking?

The answer is - it's not easy to gain that acumen! 

It's easy to be emotional about your trades, randomly guess where the markets are heading; read arbitrary post facto articles about currency pairs, stocks, bonds and commodities; create some trendlines; convince yourself where the market is heading and then.... pray hard!

I too went through the same initial process. As a trader in the interbank market I relied purely on technical analysis for the first  few years. Drawing trendlines, using technical indicators such as moving averages, MACD, RSI etc etc to predict returns in the FX markets. 

The results were frustrating - while I practised the art of technical analysis I never really understood the "fundamentals" behind the primary trend or reversal of trends. What these linkages between economic indicators, financial markets and central bank policy decisions were...

Bank Treasurer's, dealers, brokers would talk in length about CPI, NAPM, FOMC meetings - all the economic indicators of the world linking market movements but I could never figure out how exactly macroeconomic indicators affected financial instrument prices. 

To quote the guru of technical analysis - 

"Market Analysis can be approached from either direction (Technicals or Fundamentals). While I believe that technical factors do lead the known fundamentals, I also believe that any important market move must be caused by underlying fundamental factors. Therefore, it simply makes sense for a technician to have some awareness of the fundamental condition of a market." - John J. Murphy, Technical Analysis of the Futures Market 

After months and months of studies and practice these linkages finally started making sense.

The key to understanding markets is to make the connections between macroeconomic indicators, financial instrument prices and the central bank's actions. 

Its only when we start making these connections that we can form our own analysis of the direction of markets. 

It doesn't matter if you are or desire to be a FX, bond, stock or commodities trader - these concepts are applicable for all markets and all economies. 

We focus on US economic indicators primarily as these indicators are keenly tracked by investors and central banks throughout the world. 

It is this training that we received as traders in investment banks that you will gain in this course. 

The knowledge you receive will be invaluable throughout your life whether you are a trader or investor or simply wish to understand the way markets function. 

You will benefit by - 

Increasing your trading profits in any markets by understanding US Economic Indicators

Gain the knowledge investment bankers possess on fundamental analysis - macroeconomic indicators, how these indicators affect the stock, bond and forex markets and the central bank's reaction. This course contains 25 ebooks and multiple hands on projects that will ensure you understand the economic concepts. 

Increasing your financial intelligence by understanding markets
 Did you ever read Robert Kiyosaki's book 'Rich Dad Poor Dad'?  One of the important messages in Robert Kiyosaki's book is that we can increase our financial wealth by increasing our  financial intelligence. He mentions that financial intelligence is made up of four technical skills - accounting, investing, understanding markets and understanding the law. The goal of this course is to learn one of those essential technical skills - understanding markets. The keys to understanding markets are to understand economic indicators such as growth, inflation, and interest rates; the impact of these indicators on financial markets; and the central bank's reaction to these indicators.

Get your complete guide to U.S. macroeconomic indicators  including ebooks containing historical charts and in-depth analysis of U.S. economic indicators
We find bits and pieces of information on macroeconomic indicators all over the internet but to make the connections between these economic entities, macro-economic indicators, financial markets, and central bank policies we need a deeper insight into how they work. In any country, macroeconomic indicators are statistics released by government agencies and the private sector that provide us with information on the state of the country's economy.

This course will help you make the connections between economic indicators, financial markets and central bank policies
We will make all these connections between economic entities, factors, markets and central bank policies through the use of an economic map. The economic map helps us to understand how each small sub-component aggregates to the larger components, which in turn aggregate to the Gross Domestic Product thus giving us a wider perspective of how entities interrelate with one another.
The economic indicators we will study are: 

• The Quarterly GDP Report 
• Car Sales Report 
• Retail Sales Report 
• Personal Income and Outlays Report 
• Housing Starts 
• Durable Goods Orders Report 
• Factory Orders and Manufacturing Inventories 
• Construction Spending 
• Trade Balance Report 
• Purchasing Manager's Index
• Employment
• Industrial Production
• Leading Economic Indicators 
• The Beige Book
• Consumer Confidence Index
• Consumer Credit Report
• GDP Deflators
• Consumer Price Index
• Producer Price Index

 Skills you should be able achieve by the end of this course

By the end of this course, you will have all the tools necessary to start making the connections between these economic indicators, financial markets and the central bank's monetary policy. This is the knowledge that investment bankers acquire during their trading experience and it is this technical skill that we will achieve by the end of this course.

You could also get the Kindle book or iBook. Please search for "Tradeonomics: A Trader's Guide to the US Economy" on the Amazon/iBooks store. If you do not have a Kindle reader you can read Kindle books on your computer, phone, tablet by downloading the Kindle app.