A Foreign Exchange Primer (The Wiley Finance Series)
October 23, 2011 by admin
Filed under Forex Books and Courses
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.
Reviews
This book clearly and thoroughly explains an often complicated subject, in a friendly and clear tone. It covers a multitude of subjects, from the origins of currency trading, to the future of Forex trading after the advent of electronic trading. Highly recommended to anyone (especially good for those new to the subject)wishing to explore the subject of Foreign Exchange!
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you’d expect to find in a book that is considerably thicker and more expensive – there’s a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
This book is highly recommanded to understand the basics of the FX markets and the several instruments traded on it. Although not the size of Julian Walmsley’s bible (full of details), this book is very efficient and very well written. It will be useful for any person wanting to know about FX techniques, being a student or a professional.
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you’d expect to find in a book that is considerably thicker and more expensive – there’s a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
