Importance Of Leading Indicators
In this episode, Mike and Rory talk about the importance using leading indicators when trading. Rory mentions 3 of the latest that he has been looking at Including the ISM Manufacturing, ISM Services and the ESR report.
The ISM reports can give a great indication of how both the manufacturing side of the economy and the services are reacting. They give their own indication pf prices and employment as Rory mentions how they can be used to predict the NFP report.
Mike talks about how traders heavily rely on the Non-Farm Payrolls report released on the first Friday of each month and shares his insights into how to trade it correctly.
The blokes then briefly mention how you can use leading indicators such as ISM to predict larger indicators such as GDP and remain 1 step ahead of the market.
Rory McMullan- Host
Rory is a final year student studying Accounting and Finance in London, He started his trading journey over 2 years ago but has came quite far in the process. He traded most asset classes starting with FX and Commodity trading, trading crack calendar spreads within the energy market to now running his own Long/Short equity options portfolio. The book that he trades is a systematic, top-down bottom up equity portfolio.
Rory has a strong passion for the financial markets and really hopes he is able to be of assistance to anyone either starting their trading journey or looking to further their knowledge.
Mike Gearty – Co host