Product Description
The floating exchange rate environment has created a need for banks and their corporate customers to arrange their currency exposure on an active and commercial basis. This book addresses current practice and future issues and is written for both new entrants into the markets and for seasoned professionals seeking to refresh or broaden their knowledge. The book covers issues such as: A radical new settlement system for FX will be going live in the 3rd quarter - named continuous linked settlement or CLS for short, Foreign Exchange Portals Atriax and FXAII, Electronic Broking EBS, The increased profile of the spreadbetting agencies in the FX markets e.g. IG Index, Emerging Markets, and New Exotic Currency Options. ... Read more

Customer Reviews (3)

Waste of time
Claims to be a practical guide but is padded out with useless chapters on history and economics.The chapters on practical topics come very late in the book and are by comparision very short and deficient in explanations. Almost no coverage of operational topics, so "practical" only in the front office sense and I have found better material for free on google.

The one FX book to grab when you need to know it all!
After reading almost 50 books on the Forex Market and trading the markets live for a few years, I decided that Ms. Taylor's Mastering Foreign Exchange and Currency Options: A Practical Guide to the New Marketplace is the one Forex Book I would take with me if forced to select one. Why? Because it is the only book to somehow comprehensively cover topics as diverse as Currenex, the application of Technical Analysis to FX, Buy Side vs. Sell Side FX Dealer dynamics, Corporate Treasury Hedging,and of course a fairly essential history of both the economics of foreign exchange and the fundamentals relevant to trading it. The book is only 380 pages and most certainly does meet the needs of entry level traders. Intermediate traders or professionals will certainly find topics coveredwhich prompt an occasional:" I didn't know that !". Again, Ms. Taylor has given us the essentials of both the theoretical dimensions of Foreign Exchange pricing both Spot, Futures, and Options AND the nitty, gritty incidentals of how the technology works to make the market happen. What most books on Forex fail to do - this bookdoes achieve. Few Forex primers squarely place Spot Forex into the Inter-Bank context where it belongs. Few books adequately integrate information about Corporate Treasury concerns with the nature of Central Bank Intervention. Trading Forex on the Retail level without understanding CLS or the Flow Information available through Currenex is like Racing Nascar without knowing how to change a tire. Ms. Taylor's book achieves this through the gift of being able to simplify, coordinate, and render the essential of a topic without loss of rigor or information. Usually books achieving this are a dense read, but this book is not - and that is the work of a great teacher.

An ok book but not for the beginner

This book has a well written chapter on the economics of foreign exchange. This books' chapters on e-foreign exchange and innovations in e-fx are rather useless for the beginner and also outdated.

The chapters on technical analysis and the individual trainer are short and to the point. It's good information but not enough 'meat' to assist the individual to make better trades. More or the same information can be found in other books that also explain in more details.

There are several chapters that are mainly written for large institutional traders which I didnt find very useful other than getting a 'birds-eye' view from their position.

In my opinion, this book is more for intermediate traders but I wouldn't recommend it to beginners. ... Read more

Product Description
This book is intended to be, first of all, a complete collection of empirical studies on currency options and their implications on issues of exchange rate economics, such as exchange rate risk premiums, volatility, market expectations and credibility of exchange rate regimes. It contains presentations of both original classical works in this field and most recent research work. The subjects are presented in a coherent user-friendly book format. ... Read more

Product Description

Solid Forex strategies for capturing profits in today's volatile markets

How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game.

• Reveals the secrets of the Forex market and how to create a lifetime of income trading it
• Offers advice on maximizing profits during the volatile swings that have increasingly become the norm
• Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading

Make more from today's Forex market with How to Make a Living Trading Foreign Exchange. ... Read more

Customer Reviews (8)

Is it just me, or is this book full of errors?
Haven't gotten through the first two chapters yet and I've noticed three big errors that I'm either completely wrong about or someone didn't edit:

1) Page 2, he talks about handling a billion Pound short sell yet in the fifth paragraph he says "We knew the pressure of selling 1 million cable was going to cause a sharp drop in the price of the Pound Sterling."

2) On page 9 he talks about how to use a stop order, and he uses the example of how you can use it to buy EUR/USD at 135.60 and he says verbatim "To exit the trade, you should it trade down 135.30." Now, I'm no Forex wiz, but we can all safely say that if EUR/USD ever went to 135.30 the world economy would collapse instantly. He may just be joking here, but the careless typing combined with the ridiculous example leads me to believe this is either a poorly edited or poorly written book.

3) On page 16 he talks about swing highs and swing lows and he says to look at the months of April and October using the previous graph, but the graph only runs from June to March and the month of April is not included.

I could finish the book and write the review then but honestly seeing these 3 errors so far has got me worried about using this text as an instructional basis for a trading endeavor I could lose all of my money in. I might put it on the shelf (or in the dustbin) and use a book from the "For Dummies" series instead, as I'm sure those are read by way more people and therefore is bound to be proof-read more.

Seems like a good book but.........
I found the first 20 pages of this book very encouraging.Unfortunately between pp 22 and 26 the book falters as the author contradicts his own trading rules.The 2nd short entry discussed on pp 23 should have been exited at the higher swing low made at the end of Oct (the same reason the first trade was exited).However for unknown reasons the trade continues on for some time and a 'great' profit is taken.Oddly enough, the author even confirms this is a higher low when he discusses pennants on pp 26.Such a significant oversight so early on does not inspire confidence in the authors methods, I probably will not continue reading this.

Solid work, nicely done
Mr. Smith seems to have been trading and writing books for decades, and in this book his considerable experience is distilled into a cohesive work. This book is geared toward long term traders, carry trades, institutional styles of trading. Would definitely recommend to an experienced trader, a very solid work, nicely done.

Perfect text book for an already good trader
I teach forex trading to an already well trained group of traders. We are accomplished technical traders and this is a fabulous text book to learn old school technical/bank style trading. Best I have found. Very solid stuff, and best of all it works.
You could actually make a living for life trading Courtneys methods.

A must read for Serious Forex Trading
I've read quite a few books since I've decided to decipher the egnima of Forex. This book is well written and covers some very interesting topics. The stratagies it teaches and some of the perspectives it offer are some of the most useful and luid I have come across.
A definate on your reading list!! ... Read more

Product Description
This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

Product Description
An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

• Explains the forces that drive currencies and provides strategies to profit from them
• Reveals how you can use various currencies to reduce risk and take advantage of global trends
• Examines financial vehicles that can help you make money without having to monitor the market every day

The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena. ... Read more

Product Description
Financial transactions taxes are in force in all the major developed countries except the USA and Canada. Typically the tax is 0.25 per cent or less, paid whenever stocks and shares or bonds, etc. change hands. The tax originally proposed by Tobin would be a new tax applicable to all international transactions in which currency is exhanged. A similar tax in North America could bring in billions of dollars, even if the tax were as low as 0.1 per cent. In Good Taxes, Alex Michalos puts forth the argument in favour of a financial transactions tax. He looks at the tax as being a benefit to the countries that collect it, as well as a possible solution to such problems as world poverty and the underfunding of the United Nations. Good Taxes provides a thorough analysis of the debate over the proposed tax. Michalos traces the development of the debate back to the proposed Tobin Tax, then details the arguments for and against the implementation of a financial transactions tax. The conclusion is one that is sure to have an impact in North American financial circles. ... Read more

Product Description
Publisher: New York : Guttag bros.Publication date: 1921Subjects: Foreign exchangeMoneyNotes: This is an OCR reprint. There may be typos or missing text. There are no illustrations or indexes.When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there. ... Read more

Product Description
This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win.

JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine. ... Read more

Customer Reviews (17)

A Great Place To Start Building A Solid Forex Foundation
This is the best book I have read since beginning my Forex educational journey two years ago. James Chen tackles many different areas related to trading the FX and sets them fourth in an easily understandable manner. I came away from the book with a much broader understanding of what it takes to be a successful trader in the Spot Forex market and can not wait to get my hands on his next book, Essentials of Technical Analysis for Financial Markets.

A good beginner book - YOU WILL NEED MORE HELP
I read through this book at the request of a friend who is beginning to trade Forex. Since I have been doing it for a long time, I was glad to help.

This book can easily be reviewed in a few lines.

If you are completely new to Forex and basic trading, this will give you a VERY general, basic and at times vague whole picture of trading in the Forex world. After you have read this book, you will be left scratching your head saying - Well, that was dandy...but what do I do now? So, yes, you will need to spend more money on further resources to expand upon what is mention here. The deepest, most important topics average 1 to 3 pages spent on them.

Trading is not something that comes easily or quickly. There is no ONE single source that will cover everything. No one should expect that or complain that they did not get it.

You have 2 options with this book -
You can skip it and utilize the internet. There are great sites and free resources. But how long will it take you to gather all of that up and sort it out? First stop - Google babypips.

If you are more inclined to sit by the fireplace and read, then this is the book for you considering it is only $26 here. It does cover all the important bases to give you the whole, BUT NOT IN DEPTH, picture.

If you have read a beginner's book, are familiar with Forex or trading...SKIP THIS BOOK. It can offer nothing to you.

A Big Help!
Got into currency trading a few months ago and just finished reading this book. Its been a big help in getting me up and running. Has pretty much all you need to understand the forex market and become more comfortable trading. I highly recommend it.

Forex Essentials
I ordered this book from Amazon shortly after it came out last year along with a couple other books on trading. Since then, I've also sent it as a gift to some of my friends who were struggling with the often frustrating currency markets. I never got around to writing a review on this book until now, but after having read through it at least twice in its entirety I can say that it has helped me tremendously in understanding how forex works and has made me more comfortable with allocating some of my money to trading forex. While most of my money is still in futures and commodities, most notably gold, my activity in currencies has increased a lot. This book has been a great help in getting me comfortable with the forex market and its trading methods.

Good for Beginner
The book is a solid base for an introduction to forex trading but thats where it stops. There are no real good foundations for solid strategy trading which is what most novice traders look for, after all we just want to make some good returns! If you are looking for good detailed strategies this is not the book for you. ... Read more

Product Description

An inside look at an innovative Forex trading system

The Quarters Theory improves and simplifies the decision-making process in foreign exchange trading through the use of a revolutionary new methodology applied to the price behavior of currency exchange rates and trend developments in the Forex market. This book provides currency traders with a step-by-step guide to the unique premise of the Quarters Theory and offers many real-life market examples, variations, and innovative Forex trading strategies. Ilian Yotov, a long-time Forex strategist, delivers a reliable new compass to help you navigate the complexities of daily fluctuations in the prices of currencies. His unique insights lead to consistently better trading decisions and help maximize your trading results.

• The author's featured "Quarters Theory" method introduces a fresh new approach to foreign currency trading
• Offers innovative trading techniques that combine the methodology of the Quarters Theory with fundamental and technical analysis.
• Provides proprietary Forex strategies that investors and traders of all proficiency levels can use to reap significant returns

With The Quarters Theory as your guide, you will quickly gain that extra edge that will help you to make more profitable decisions in your Forex trading activities. ... Read more

Customer Reviews (4)

The Quarters Theory; An indispensible roadmap for Forex Traders
Ilian Yotov's Quarters Theory is an indispensible roadmap for successfully navigating the seemingly erratic moves and random chaos of the foreign exchange currency market. The Quarters Theory is an unmatched trading methodology that is literally unavailable anywhere else.

Ilian's years of expertise and insight has resulted in a guidebook which demonstrates the outwardly-unpredictable market does move in hidden but clearly predictable ways.The Quarter's Theory teachings provide the tools and skills that allow a trader to be alert to a series of distinct and favorable conditions before making any serious moves, thereby assuring the highest probability for success in what is otherwise a Wild West crap shoot.

My sincere appreciation and gratitude go to Ilian Yotov for his tremendous effort and truly insightful success in finding observable order amidst the chaos. The Quarters Theory is a compass, barometer and survival kit for any forex trader who wants to know, understand and trade with confidence.

C. Mattimoe San Francisco

The Quarters Theory Revolution
Ilian Yotov is truly a forex expert. Once you read The Quarters Theory and understand the trading concepts Ilian teaches you can apply them to your daily,weekly or monthly trading plan.The forex market will suddenly become transparent and make sence.In my opinion it's like having a crystal ball into the market.I am now able to detect strength and weakness as well as turning points in any pair I trade. And in the forex market that can either make you alot of money or save you alot of money. The Quarters Theory is a very laid back yet sophisticated approach to trading. You simply let the market tell you what it's going to do and trade it.This book is very concise and easy to understand. Ilian explains everything in great detail and leaves little room for question. For those of you wondering,I have become a very sucsessful trader thanks to The Quarters Theory and Ilian Yotov's teachings.If your serios about trading the forex market and want to see through the volotility you owe it to yourself to learn this material. (Good Stuff)

Jerry

Has anybody made any serious money with this method
I've read this book and the theory sounds plausible BUT has anybody (including the author) made money - serious money - using this method? It's all well to come out with great ideas (and there are many in the forex trading considering the number of titles in this category) only A VERY FEW of them yield solid results. So please, if you generate big moola, give this book 5 stars and spread the word.

A truly revolutionary way of trading the Forex market. 5 star rating by 4rexacto.com
If you are serious about trading the Forex market, then, this book must be part of your daily planning!
The Quarters Theory by Ilian Yotov, takes you into an area of trading the forex that you probably have never imagine and it is clearly there, visible everyday!
The book is written in a very direct and simple way that allows you to learn and be able to use its contents as soon as you are finished reading it.
I can only rate the book as EXCELLENT! As a successful forex trader I understand the quality of any material that comes my way, and I have to say this is somehting new, refreshing, very different indeed and a must read by all that are seriously trading the market.
I've had all our instructors [...] read the book and the opinnion was again unanimously: EXCELLENT!
We gave it a 5 Star Rating as for EXCELLENCE!
... Read more

Product Description
Focusing on monetization of international trade per se, this text analyses common financial practices of merchants and manufacturers, commercial banks, and central banks. ... Read more

Product Description
The authors provide an intimate knowledge of the fundamentals required to cope with the everchanging nature of the money and foreign exchange markets. Its emphasis is on the management of down to earth operations, covering how to read and take advantage of market quotations, the funds manager and the interaction between money and foreign exchange markets, funds management in a two-way market, problems and solutions in the trading room of a bank, problems and solutions of the multinational non-financial business, returns and risks, in foreign exchange operations, and control of foreign exchange and money market operations. This new edition is updated to account for recent changes and expanded to emphasize and broaden the treatment of money markets. ... Read more

Product Description
Exchange rates have been central to the course of economic development in Latin America from the heyday of import substitution to the rapid expansion of foreign debt in the 1970s, and from the debt crisis and its troubled aftermath to renewed growth and borrowing in the 1990s.

Why do governments choose the currency policies they do, and how do economic and political factors affect these policies? Although currency policy is made by governments operating in a political environment, there has been little study of the political economy of exchange rate policy. The Currency Game looks to fill this void by examining the range of potential determinants of currency choices by Latin American governments. While purely economic factors—especially economic structure, trade patterns, and exogenous economic conditions—are of course important to these choices, the book focuses on the political and political economy considerations that have typically been underrepresented in the literature. These include the effects of interest groups, electoral competition, and the timing of elections on exchange rate decisions.

Since exchange regimes are adopted for reasons as diverse as inflation control, reduced volatility and improved competitiveness, the book also features a cross-country analysis of national exchange rate policies, as well as case studies of Argentina, Brazil, Chile, Colombia and Peru. ... Read more

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Product Description
This book examines the determinants of real exchange rates (RERs), with an emphasis on the roles of a pegged exchange rate regime and capital account opening in driving the persistent real exchange rates appreciation in the lead-up to the 1997 currency crisis, through an in-depth case study of Thailand. The book aims to inform the debate, rekindled by the recent currency crises in emerging market economies, on exchange rate policy choice and the timing and sequencing of capital account opening. ... Read more

Product Description
· Fully updated version of text formerly used for training by BPP
· Diagrammatic representation of deal structures, pricing, and modeling
· Full glossary of terms
· International perspective, examples in US$
· Clear logical explanation of processes, markets, and products

From the Currency Risk Management section (6 titles) of the Risk Management series. International trade creates a need for buying, selling, or borrowing foreign currencies. This book describes the buying, selling, depositing, borrowing, and lending of foreign currency. It begins by explaining how the foreign exchange markets are structured and proceeds to examine spot transactions and forward exchange contracts. Finally it explains swaps transactions and short-dated forward transaction.

This expansive new range of risk management texts has undergone extensive re-writing to give each book in the series an international perspective. Each explains and analyses core aspects of risk assessment and management in a way invaluable to students and useful to practitioners. All of these titles adopt a practical and clear approach to their subject. All are fully updated versions of a series of books previously produced by training experts at BPP. ... Read more

Product Description
This is an OCR edition without illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from GeneralBooksClub.com. You can also preview excerpts from the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Original Published by: Longmans, Green and Co. in 1866 in 286 pages; Subjects: Banks and banking; Money; Business & Economics / Banks & Banking; Business & Economics / Finance; Business & Economics / Investments & Securities; Business & Economics / Money & Monetary Policy; ... Read more

Product Description
The book has no illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher's website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Original Publisher: Printed for Taylor and Walton; Publication date: 1836; Subjects: Currency question; Money; Business ... Read more

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General Books publication date: 2009Original publication date: 1918Original Publisher: Sir I. Pitman ... Read more

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Chapters: Foreign Exchange Market, Currency, Exchange Rate, Bretton Woods System, International Monetary Systems, 2008 G-20 Washington Summit, Natrex, Reserve Currency, Foreign Exchange Reserves, Forex Scam, Foreign Exchange Hedge, Avignon Exchange, Fixed Exchange Rate, Foreign Exchange Option, Bureau de Change, Henyep Investment, Currency Pair, Oanda Corporation, Flexible Exchange Rate System, Currency Swap, Non-Deliverable Forward, Custom House, Travelex, Dollarization, Foreign Exchange Date Conventions, Plaza Accord, Foreign Exchange Dealers Coalition, Floating Exchange Rate, Dollar Hegemony, the Change Group, Continuous Linked Settlement, World First, Retail Forex Platform, Casual Trading, Trade Weighted Us Dollar Index, Currency Future, Interbank Market, Dbfx, Exchange Rate Regime, Endaka, Forex Swap, Linked Exchange Rate, Floating Currency, Currenex, Pakistan Forex Scam Case, Smithsonian Agreement, Foreign Exchange Controls, Covered Interest Arbitrage, Percentage in Point, Triangular Arbitrage, Financial Repression, Trade Weighted Index, U.s. Dollar Index, Fixed Exchange Rate System, Crawling Peg, Spot Market, Imm Dates, Louvre Accord, Forward Exchange Market, International Monetary Market, Swan Diagram, Exorbitant Privilege, Privatized Foreign Currency Risk, Currency Band, Foreign Exchange Committee, Uncovered Interest Arbitrage, Strong Dollar Policy, Foreign Exchange Trading, Commodity Currency, Foreign Exchange Derivative, Cable, Exchange Rate Pass Through, D2000-2, Forex Ascending Trend, Foreign Exchange Spot Trading, Triangulation, One Cancels Other, Chequepoint. Source: Wikipedia. Pages: 332. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: The Bretton Woods system is commonly understood to refer to the international monetary regime that prevailed from the end of World War II un...More: http://booksllc.net/?id=395888 ... Read more