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. |
Contents
A Brief History of the Market | 7 |
2 | 14 |
Market Overview | 19 |
Copyright | |
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4CAST Limited Source 4castweb.com American amount asset break-even point broker buy dollars buyer call option cash central bank characteristics Maximum charts client Corporate dealer counterparty currency futures currency options currency pair currency swap Decay characteristics delivered 1 point delivery euro European example exercised expiration exposure Figure foreign currency foreign exchange market FOREIGN EXCHANGE OPTIONS forward contract forward pips forward rate fundamental futures contract hedge higher in-the-money inflation interbank interest rate differential Internet intrinsic value investment investors Japanese yen Loss characteristics market makers maturity Maximum loss Maximum profit monetary months moving average out-of-the-money outright permission of 4CAST position potential premium purchase put option quote Reproduced by permission right to buy rises risk sell dollars seller settlement spot price spot rate spot value spread sterling stop order strategy strike price Swiss franc technical analysis trading transaction triangle underlying USD/JPY value 15 December value date volatility