Complete Idiot S Mini Guide To Demystifying The Foreignexchange Market

When Wall Street stubs a toe, markets around the world say "ouch!" But exactly how the foreign exchange market works is a mystery that can give you a migraine.Come out from the covers! The Complete Idiot's Mini Guide to Demystfying the Foreign Exchange Market provides the grounding you need to grasp this confusing aspect of the global economy. In it you get: *The foreign exchange market explained. *How market forces and exchange rates are determined. *Supply, demand, and equilibrium. *Speculating on exchange.

• a roadmap for success • the strategies to use and pitfalls to avoid

Economics, finance, business and industry.

The only how-to guide to today's most lucrative, fast-moving investment opportunity. Interactive CD included! Once considered the most abstract of all kinds of investing, foreign currency trading has exploded into the mainstream. In this concise, easy-to-follow guide, foreign exchange expert Gary Tilkin and financial journalist Lita Epstein shed light on the entire process, providing tips on successful trading strategies, explaining the pitfalls, showing how to avoid on-line fraud, and much more. Interactive instructional CD features Global Foreign Trading's proprietary software DEALBOOK, which allows readers to log on to its site and learn the process of currency trading, complete with virtual dollars with which to practice their new trading skills Also includes live links to up-to-the-minute information on every foreign currency and current resources professional traders use to get insight into this fast-paced market

The foreign exchange market is the largest and most liquid financial market in the world. In recent years its volatility has been especially pronounced, which has posed problems for investors, companies and governments attempting to manage their economies. The management of exchange rates has become integral to economic performance and to the political landscape. 'Foreign Exchange, The Complete Deal', part of Harriman House's Applied Essentials series, is a comprehensive guide to this broad and exciting market, and how it is traded. James Sharpe, a foreign exchange practitioner with more than 30 years' experience, unravels the important features of the Forex market to give a clear understanding of the issues and processes involved in foreign exchange transactions. This book begins with an exploration of the historical and theoretical background to the markets as they exist today. The transition from a fixed exchange rate system to a floating system is examined and insight is given on the processes that determine exchange rates and how the system employed impacts government policy. There is also a detailed section about the influence interventions by central banks have on the market. The focus then moves to foreign exchange in practice, the core of the book. Topics covered include: - The range of foreign exchange transactions available - including spot, forward, broken date, non-deliverable forwards (NDFs), swaps and options - and how they can be used, with clear worked examples - How foreign exchange prices are quoted; bid-offer spreads; pips - How foreign exposures are hedged - How banks and dealers cover their exposure in the market and make profits - A discussion of tools that are used to analyse the market, including technical analysis - Factors that influence foreign exchange prices on a daily basis including a detailed look at liquidity - How professional traders analyse markets and provide a blueprint for professional trading - How best to choose and manage the relationship with foreign exchange providers This is an indispensable guide for those who need to understand more about the commercial realities of currency trading and hedging, providing a clear and thorough explanation of the complete world of foreign exchange.

Forex Made Simple is the essential guide for anyone who wants to make money trading foreign exchange, without all the fuss You don't need to be a financial wizard or spend all day glued to a computer screen to trade forex profitably. Including the information you need to know (and nothing more), this book provides straightforward strategies anyone can use--no expensive broker required! Inside you'll find information on: currencies and economies types of forex markets retail forex dealers and market makers placing trades economic indicators and events that affect exchange rates money and risk management If you're ready to take the plunge into the forex market and maximize your success without all the stress, this is the book for you.