The foreign exchange market is the largest in the world, with an estimated $1.6 trillion average daily turnover. This book sets out to introduce the novice to the practical skills necessary to understand the foreign exchange market today. A Foreign Exchange Primer provides a clear understanding of how this market functions, from the main products through to the techniques used, coverage of the main participants, details of the various 'players' and an understanding of the 'jargon' used in everyday dealings. This concise, highly accessible primer is ideal for anyone new to or wanting to become involved in the foreign exchange market, from a dealing room or sales perspective through to the novice investor.
Autorentext
SHANI SHAMAH has spent over twenty years working in the financial markets in a variety of treasury, sales and marketing positions. She currently works for IFX Markets Ltd in London as Global Head of Sales. The company specializes in foreign exchange, contracts for difference, base and precious metals, managed investment and financial spread trading.
Klappentext
The foreign exchange market is the largest market in the world, with an estimated $1.6 trillion average daily turnover. This book sets out to introduce the novice to the practical skills necessary to understand the foreign exchange market today.
Foreign Exchange Primer provides a clear understanding of how this market functions, from the main products through to the techniques used, coverage of the main participants, details of the various 'players' and an understanding of the 'jargon' used in everyday dealings.
This concise and highly accessible primer, is ideal for anyone new to or wanting to become involved in the foreign exchange market, from a dealing room or sales perspective through to the novice investor.
Inhalt
Disclaimer.
Introduction.
PART I: MARKET OVERVIEW
A Brief History of the Market.
Market Overview.
Major Participants.
Roles Played.
Purposes.
PART II: FOREIGN EXCHANGE PRODUCTS.
Spot Foreign Exchange.
Forward Contracts.
Short- and Long-Dated Contracts.
Broken-Dated Contracts.
Non-Deliverable Forwards.
Foreign Exchange Swaps.
Currency Swaps.
Foreign Exchange Options.
Picturing Profit and Loss of Options.
Foreign Exchage Futures.
Exchange for Physical.
PART III ESSENTIAL KNOWLEDGE.
Foreign Exchange Dealing Rooms.
Managing the Relationship with an Institution.
Foreign Exchange Deaings.
Foreign Exchange Market Orders.
Electronic Foreign Exchange Trading.
Margin Trading.
PART IV FUNDAMENTALS AND TECHNICAL ANALYSIS.
Fundamental versus Technical Approaches.
Fundamental Analysis.
Key Factors Impacting Currencies.
Technical Analysis.
Final Remarks.
Index.