Book Description
An in depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market. Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange. He provides investors with an arsenal of trading weapons, many on the cutting edge of technology. Demystifying the intricacies of these markets, the book includes: Analysis of the mechanics of the market, the major players and markets, the pertinent risks, corporate trading, and methods of trading execution. A thorough overview of foreign exchange instruments and major option strategies, with clear explanations of why currencies are traded and how to forecast currency behavior. An in-depth look at the three types of analysis: fundamental, technical, and econometric. Featuring 200 charts and graphics, TRADING IN THE GLOBAL CURRENCY MARKETS is an indispensable guide to a daunting yet promising financial playing field.


Book Info
(New York Institute of Finance) Text brings the complex machinations of the foreign currency markets to life, clearly and concisely analyzing the various currencies, market forces, and emerging technologies, and illuminating them with real-world examples and graphics. DLC: Foreign exchange market.


About the Author
Cornelius Luca is a foreign currency market expert with more than twenty years of experience in international finance. Also the author of NYIF's Technical Analysis Applications in the Global Currency Markets, he teaches classes and seminars at the New York Institute of Finance and the Center for Financial Engineering in Washington, D.C. He lives in Millwood, New York.

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