How to Trade FX in a Bond Crisis
Free masterclass on reading bond-market stress, building an FX trade thesis and managing risk when conviction meets chaos.
Join usWhen bonds become the story, you need more than an FX chart
The headlines are loud.
The moves are fast.
Everyone has an opinion.
But what’s the trade?
Join Patrick Reid for a masterclass on reading bond-market stress, building an FX trade thesis and managing risk when conviction meets chaos.
No hindsight heroics.
No “buy here, get rich” nonsense.
Just a framework for understanding the pressure—and deciding what to do about it.
THURSDAY, 26TH NOVEMBER
14:00 GMT | ONLINE VIA ZOOM
WHAT IS THE INNER CIRCLE?I traded Bund futures during the Greek crisis. This is personal.
A real institutional offsite, built for people ready to take trading seriously
The Inner Circle is our first-ever, in-person institutional experience day at our Bishopsgate offices, designed specifically for older career changers and newly retired professionals who want to take trading seriously.
You will step into a day that looks and feels like the real thing:
- High-impact masterclasses — Institutional frameworks delivered with clarity and depth.
- Hands-on breakout sessions — Small-group work on live market case studies.
- Candid Q&A with real hedge fund and bank traders — Honest conversations with people who have sat on the desk.
- Live, tradable macro — Frameworks you can actually put to use
Want to be there?
WHO IT IS FOR
Built for older career changers
This is not a get-rich-quick event. It is designed for people who:
- Have already had a serious career and want a second act with purpose.
- Value discipline, process and risk management over adrenaline and guesswork.
- Want to know, honestly, whether they have what it takes, and what the path looks like.
We will show you:
- How institutional traders think about macro, risk and P&L.
- The difference between trading your own account and managing external capital.
- Where your existing skills, such as leadership, decision-making and calm under pressure, can become genuine trading edges.
INSIDE THE MASTERCLASS
Read the crisis, not just the chart
Explore how to distinguish between inflation fears, policy repricing and concerns about sovereign credibility.
Different drivers. Different questions. No one-size-fits-all trade.
Put Bunds into the bigger picture
Use my Greek-crisis experience as the starting point for examining government bonds, sovereign spreads and the euro.
The focus: what I was watching, how I approached the market and what I would want a trader to understand before taking risk.
Build an FX thesis you can actually test
Work through a practical sequence:
- Identify the dominant market driver.
- Examine what the market already expects.
- Choose the currency expression.
- Define the catalyst.
- Set the conditions that would invalidate the trade.
An opinion is not a trade plan.
Plan for the headline you didn’t expect
Put position sizing, event exposure and exit decisions into the discussion before the trade, not after it goes wrong.
Less attachment to the forecast.
More attention to the risk.
Know when to stay out
You don’t need to trade every move.
We’ll examine what makes a setup worth considering and what makes it worth leaving alone.
Secure Your SeatFOR SERIOUS TRADERS. NOT THRILL SEEKERS.
This masterclass is for you if:
- You trade FX but want a clearer framework for interpreting bond-market moves.
- You follow macro news but struggle to turn a view into a defined trade.
- You’re an experienced professional who wants substance, not another screen full of indicators.
- You want crisis experience discussed honestly—with risk at the centre.
You don’t need to be a bond trader, just willing to think beyond the currency chart.
About your host Patrick...
Patrick Reid is a currency expert with over 15 years experience in trading FX and propriety desks. He has accepted a role as Visiting Lecturer at The University of Cambridge and is Co-Founder of The Adamis Principle which mentors traders at all levels.
During his career he has mentored clients from Goldman Sachs, JP Morgan and Credit Suisse. His passion is nurturing and finding talent within young people has led him to partner with The Youth Group and Jack Parsons, The UK’s chief youth officer. Jack recently interviewed Rishi Sunak, The UK's Prime Minister. Adamis Principle’s outreach to less fortunate young people is a top priority for him.
Patrick has regular meetings with FX traders at The Bank of England for research and academic discussions only.
In this masterclass, he’ll draw on his experience trading Bund futures during the Greek crisis to explore how he approaches the connection between bonds, currencies and risk.
Straight talking.
Practical questions.
No pretending the next crisis comes with an instruction manual.
How to Trade FX in a Bond Crisis
Learn from the experience.
Build the framework.
Put risk first.
This is educational content only. Not personal investment advice or a promise of trading results. Trading involves risk of loss.