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Ep. 519: Another Mega Trend Following Episode with Michael Covel on Trend Following Episode

Michael Covel's Trend Following

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The Importance of Interbank Currency Markets

After aHL was bought by man, I moved back to New York. We thought that the business would become overcrowded. As we go overpopulated, we didn't like what we saw in some of the smaller agricultural markets and the metals markets. So he looked for a market that wasn't bad and we found those days the interbank currency markets which were of my definition for a professional's market. They also have the, even back then, you think, utterly and truly, my direction. Stock markets clearly aren't, one market is clearly aren't. But currency markets absolutely are. Truly surfing, right?

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