Trading in the Global Currency Markets

FROM THE PUBLISHER

Now you, too, can capitalize on the tremendous potential of this vital, fast-moving market, with the wealth of information collected in this comprehensive and up-to-the-minute book. Trading in the Global Currency Markets gives traders an indispensable overview of the market's workings and new technologies, then links this information to developments and case studies drawn from the real world, illustrating them with plenty of graphics, charts, and visuals. This invaluable resource also provides valuable historical context, explaining the basis of foreign exchange and the factors that contributed to the growth of the industry. It asks the basic questions, and then provides comprehensive answers that will benefit both beginning investors and seasoned market experts.

SYNOPSIS

Since the world's currencies were allowed to float freely in 1973, the foreign currency exchange market has been gathering momentum at an astounding pace. Today, its volume exceeds $1 trillion daily.
For those traders who know the intricacies of this often misunderstood market, the rewards can be stupendous. George Soros' Quantum Fund realized a profit in excess of $1 billion for a couple of days' work in September 1982. Hans U. Hufschmid of Salomon Brothers, Inc. netted an income package of $28 million for 1993.
Now you, too, can capitalize on the tremendous potential of this vital, fast-moving market, with the wealth of information collected in this comprehensive and up-to-the-minute book. Trading in the Global Currency Markets gives traders an indispensable overview of the market's workings and new technologies, then links this information to developments and case studies drawn from the real world, illustrating them with plenty of graphics, charts, and visuals. In it, traders will find:
-Analysis of the mechanics of the market, the major players and markets, the risks pertinent to foreign exchange, corporate trading, methods of trading execution, and dealing settlements.
-A close study of foreign exchange instruments and comprehensive coverage of the major option strategies.
-An in-depth look at the three types of analysis--fundamental, technical, and econometric.
-Forex scenarios from the multiple perspectives of trader, broker, and corporate trader
-Vital information about the new and extremely aggressive "hedge funds" now popular in the markets
-A survey of technical analysis, including an in-depth chart analysis comparing the major chart types, chart formations and oscillators, and much more

This invaluable resource also provides valuable historical context, explaining the basis of foreign exchange and the factos that contributed to the growth of the industry. It asks the basic questions, and then provides comprehensive answers that will benefit both beginning investors and seasoned market experts:
-Why do we trade currencies?
-Who are the players?
-What currencies do we trade?
-What makes them move?
-What instruments can we trade?
-How can we use them?
-How can we forecast the currency behavior?
-How do we access the pertinent information?

Both comprehensive and cutting-edge, Trading in the Global Currency Markets is your key to mastering today's foreign currency exchange markets!

FROM THE CRITICS

Internet Bookwatch

Cornelius Luca draws upon his years of experience and expertise with the foreign exchange market and the rapidly evolving financial industry to explain the complex machinations currency markets in Trading In The Global Currency Markets. Now in a fully updated and expanded second edition, the text continues to be practical, informative, clear, concise, and reader friendly, covering every aspect of currency trading including market characteristics, mechanics, trading techniques, forecasting methods, and much more. Whether a beginning student of global financial markets or a seasoned foreign exchange trader, Trading In The Global Currency Markets is highly recommended, essential reading for anyone associated with commercial or investment bank, financial information service, trading corporation, insurance company, or independent day trader.

Internet Book Watch