Description
Book SynopsisThis book will provide a thorough introduction to the foreign exchange markets, looking at 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.
Table of ContentsDisclaimer ix
1 Introduction 1
PART I MARKET OVERVIEW 7
2 A Brief History of the Market 9
3 MarketOverview 25
4 Major Participants 33
5 Roles Played 43
6 Purposes 45
PART II FOREIGN EXCHANGE PRODUCTS 49
7 Spot Foreign Exchange 51
8 Forward Contracts 59
9 Short- and Long-Dated Contracts 69
10 Broken-Dated Contracts 73
Glossary of Terms for Chapters 7 to 10 77
11 Non-Deliverable Forwards 81
12 Foreign Exchange Swaps 91
13 Currency Swaps 95
14 Foreign Exchange Options 99
15 Picturing Profit and Loss of Options 117
Glossary of Terms for Chapters 14 and 15 133
16 Foreign Exchange Futures 137
17 Exchange for Physical 145
PART III ESSENTIAL KNOWLEDGE 149
18 Foreign Exchange Dealing Rooms 151
19 Managing the Relationship with an Institution 155
20 Foreign Exchange Dealings 159
21 Foreign Exchange Market Orders 165
Glossary of Terms for Chapter 21 169
22 Electronic Foreign Exchange Trading 171
23 Margin Trading 179
PART IV FUNDAMENTALS AND TECHNICAL ANALYSIS 183
24 Fundamental versus Technical Approaches 185
25 Fundamental Analysis 191
26 Key Factors Impacting Currencies 197
27 Technical Analysis 207
Glossary of Terms for Chapters 24 to 27 221
28 Market Psychology 223
29 Final Remarks 231
Index 235
