An Introduction to Foreign Exchange & Money Markets
Author: UK London Reuters Limited
List Price: $90.00
Our Price: Click to see the latest and low price
ISBN: 047183128X
Publisher: John Wiley & Sons (25 June, 1999)
Sales Rank: 41,481
Average Customer Rating: 3.8 out of 5
Customer Reviews
Rating: 3 out of 5
Not recommended for anyone who has previous experience
If you have some experience of foreign exchange trading, this book is not for yourself. You would learn everything written here within the first six weeks of your job as a foreign exchange trader. However, this book is great for the REAL beginners who want to learn about foreign exchange from the very beginning and for trainers or teachers who teach those who has little knowledge the foreign exchange. This book starts from explaining what bids and asks are and explains so far up to the mechanics of foreign exchange derivatives. The most remarkable feature of this book is illustrations of deal components and market segments showing how each deal components and markets are related to each other. Detail explanation on different market conventions applied to different currencies is also useful. Short questions at end of chapters are good to review what you should take away from the chapters.
Rating: 4 out of 5
Excellent practical book for the beginners
This is a great practical book for the beginners and intermediate people in the market. When I started in the market as a business analyst, with no prior experience, it was a confused world of trading. After reading this book, things make much more sense. In addition, the book explains brief analytics on how to price and when and why certain instruments will be used for trading. It is geared towards trading. Refer to other books if you are more interested in middle/back office functionality (like settlements, P&L calc, risk management etc.)
Rating: 3 out of 5
Pithecanthropus
The book contains a wealth of practical information however there are errors in the mathematical formulas, dates and etc. This is most frustrating from a reader point of view and dampened the confidence in the material presented. However, it is relatively a easy read for general understanding of the money and FX markets. I hope the author does a more thorough check in the future edition in order to do this book justice. Similar Products
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