Second Edition.
The foreign exchange market, the world's largest and fastest growing financial industry, has undergone widespread changes with the introduction of the Euro and the huge expansion of electronic trading. Despite its high trading volume, it is also a market little understood and little regulated.
Now both beginners and expert traders can gain unique insights into this lucrative market with this book. Cornelius Luca, a renowned authority on international investing, brings the complex machinations of the foreign currency markets vibrantly to life, clearly and concisely analysing the various currencies, market forces, and emerging technologies, and illuminating them all with real-world examples and graphics.
This essential reference is the trader's key to mastering a foreign currency exchange market that is now exceeding $1 trillion per day in volume. The book contains a lucid account of technical analysis as it applies to foreign exchange, as well as scenarios from the multiple perspectives of trader, broker and corporate trader. This in-depth study applies all three types of analysis - fundamental, technical and economic - to the currency markets.
The book also provides:
- Forex scenarios from the multiple perspectives of a trader, broker and corporate trader
- Vital information about the new generation of extremely aggressive "Hedge Funds"
- A survey of technical analysis, including an in-depth comparison of the major chart types, chart formations, and oscillators
If you're a foreign exchange trader in a commercial or investment bank, financial information service, trading corporation, or insurance company, or you're an individual trading your own account, you can turn to this authoritative guide for a better understanding of market characteristics, mechanics, trading techniques, forecasting methods and more. The book arms you with an arsenal of trading weapons you can use to prosper in the world's largest and most profitable market!
