A Foreign Exchange PrimerThe 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. |
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Common terms and phrases
activity agreed American amount average broker buyer cash central banks characteristics client contract convert corporate cost countries deal dealer delivery determine differential direction dollar economic effect euro European example exchange rate exercised expected expiration exposure factors fall Figure fixed flows foreign currency foreign exchange market forward fundamental funds futures hedge higher important increase indicator interest interest rate investment investors involved Japanese limited loss major margin market maker maturity Maximum means million monetary months move movements needs normally occur offer option outright participants payments period pips position potential pound premium profit purchase quote received relative rise risk sell seller settlement short specific speculators spot rate spread standard sterling strike price swap Swiss franc trading transaction trend usually volatility