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Global Macro Trading: Profiting in a New World Economy by Greg Gliner

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Chapter 3Back-Tests, Queries, and Analogs

The old adage that “history repeats itself” is used by historians as the initial hook, or catchphrase, in explaining the value in studying history. Markets and human behavior are no different and having methods of analyzing past economic behaviors enables us to make more educated predictions about the future, which helps us become better traders and investors.

Anything you can do to further inform your trading and investing decisions, from a basic understanding of the ways markets have behaved in the past to performing complex back-testing of strategies, can help to prevent the same errors that have been made in the past. Doing so can help you avoid enormous losses of the kind traders have experienced ...

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