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A Foreign Exchange Primer

A Foreign Exchange Primer

Shani Shamah

ISBN: 978-0-470-86421-0

Jul 2003

196 pages

Select type: E-Book

$51.99

Description

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. 

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.