| Trading Currency Cross Rates: Proven Trading Strategies from a Leading International Currency Trader and a Noted Expert on Futures and Options Contributor(s): Klopfenstein, Gary (Author), Stein, Jon (Author) |
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ISBN: 0471569488 ISBN-13: 9780471569480 Publisher: Wiley OUR PRICE: $63.00 Product Type: Hardcover Published: August 1993 Annotation: The Wiley Trader's Advantage Series is a new series of concise, highly focused books designed to keep savvy futures, options, stocks, bonds, and commodities traders abreast of the latest, successful strategies and techniques used by the keenest minds in the business. Each title delivers timely cutting-edge guidance on a key aspect of trading, including trading systems, portfolio management methods, computerized forecasting, and systems optimization. Trading Currency Cross Rates is designed to help forward-looking traders and corporate financial specialists successfully move into the interbank cash markets, and once there, easily master a battery of winning strategies for trading cross rates successfully. Packed with profitable ideas and insights about today's astonishingly liquid cash currency markets, this timely guide first familiarizes you with the full range of foreign exchange-traded cross rate instruments available in the world's organized exchanges, including futures contracts, options, and warrants. From here, the guide profiles the 24-hour Interbank Currency Markets, explaining how it operates, who the principal players are, and how banks create new markets. This in-depth treatment reveals such hidden gems as how to begin trading without depositing funds in foreign exchange-trading banks, how to capitalize on forward and spot rate agreements, over-the-counter options transactions, currency swaps, and how to accurately measure profits and losses. For maximum utility, Trading Currency Cross Rates also guides you through the key fundamental, technical, and confidence factors that move foreign exchange rates, and shares proven methodologies for forecasting and profiting fromfutures moves in foreign currencies. It includes clear, straightforward guidance on trading fixed exchange rate systems, using currency ranking models and triangular trading techniques, and easily integrating cross rates into any current trading system. Whether you're a trader looking to switch from the futures market or a portfolio manager seeking better methods for hedging corporate risk - whether you want to profit from interest rate plays or exchange rate moves - you'll confidently turn to Trading Currency Cross Rates for the proven, professional guidance needed to trade the world's exchange rates. |
| Additional Information |
| BISAC Categories: - Business & Economics | Foreign Exchange - Business & Economics | Investments & Securities - Futures |
| Dewey: 332.645 |
| LCCN: 93020090 |
| Series: Wiley Trader's Exchange |
| Physical Information: 0.7" H x 6.42" W x 9.22" (1.04 lbs) 176 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: For commodity traders and portfolio managers--a practical, hands-onguide to profiting in today's growing international cross ratemarkets. Cross rates trading is growing increasingly popular, fueled in no small part by banks and multinationals seekingcreative strategies for hedging currency risk and speculatorsseeking profits from interest rate plays and exchange rate moves.Trading Currency Cross Rates is the passkey to this vastlyprofitable financial sector. Written for the experienced tradermoving into the currency futures and foreign exchange cash markets, as well as for the corporate portfolio manager seeking to limitcompany exposure, this professional guide covers the fundamentalsof today's cross rates markets and delivers the step-by-steptechniques needed to trade cross rates successfully. Packed withcharts and tables that apply over a broad range of internationalmarkets and currencies, the guide: * Explains what cross rates are and profiles the different typesthat currently are traded * Shows whether to trade on an agency or principal basis, and howto avoid counterparty failure * Covers the building blocks of currency valuation and the bestmethods for forecasting moves in currency cross rates * Reveals how to profitably trade exotic cross rates amongcurrencies from the Pacific Rim and Middle East * Explains how to cross over to the growing interbank currencymarket, and which fundamental and technical analysis techniquesspecifically apply to it * Discusses how to easily adapt any current trading system and itsinput to the profitable cash markets Featuring the expertise of a leading cross rates trading expert ina concise, direct, accessible format, Trading Currency Cross Ratesis the dependable, single-source guide to trading cross ratessuccessfully. |