A Foreign Exchange Primer (Wiley Trading)

This book will provide a thorough introduction to the foreign exchange markets, looking at 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. Written in a concise and accessible manner, it will be an ideal introduction for anyone looking to become involved in the FX markets, from dealing rooms or sales perspectives, to novice investors. The new edition has been updated to reflect the changes that have taken place in the industry over the past few years. Most chapters have been enhanced and this new edition now features new material on the psychology of trading, the psychology of price movement and online trading.

building On A Very Popular First Edition, a Foreign Exchange Primer, second Edition Provides An Extremely Accessible And Up-to-date Reference For Anyone Who Wants To Work Or Trade In This Unique Market.

 the Book Begins With A Market Overview To Introduce Readers To This Trillion Dollar Financial Market Before Going On To Foreign Exchange Products Such As 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 Exchange Futures And Exchange For Physical. The Book Then Goes On To Discuss Essential Knowledge Required In Order To Understand The Foreign Exchange Market, With Advice On Foreign Exchange Dealing Rooms; Managing The Relationship With An Institution; Foreign Exchange Dealings; Foreign Exchange Market Orders; Electronic Foreign Exchange Trading And Margin Trading. The Book Concludes With A Discussion On The Differences Between Fundamental And Technical Analysis, Covering Their Different Approaches, Key Factors Impacting Currencies And A Brand New Chapter On Market Psychology.

 fully Updated From The 1st Edition, a Foreign Exchange Primer, Second Edition 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 In Order To Equip Readers With All The Practical Skills Necessary To Understand The Foreign Exchange Market Today.

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.