Foreign Exchange
and over one million other books are available for Amazon Kindle .
Learn more
| |||||||||||||||
 Trade In this Item for up to £19.50
Get an extra £5 when you trade in books worth £10 or more until June 30, 2012. Trade in Foreign Exchange: A Practical Guide to the FX Markets (Wiley Finance) for an Amazon.co.uk gift card of up to £19.50, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
Frequently Bought Together
Product details
|
More About the Author
Product Description
Product Description
Praise for Foreign Exchange
"Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world′s largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book."
–John R. Taylor, Chairman, CEO and CIO, FX Concepts
"The book reflects the author′s doctorate from the University of Chicago, several years′ experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
–Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College
"In this book, Tim Weithers clearly explains a very complicated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non–professionals to gain a good understanding. Weither′s book is a must for any student or professional who wants to learn the secrets of FX."
–Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago
"An excellent text for students and practitioners who want to become acquainted with the arcane world of the foreign exchange market."
–David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management
"Tim Weithers provides a superb introduction to the arcana of foreign exchange markets. While primarily intended for practitioners, the book would be a valuable introduction for students with some knowledge of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the trading practices."
–John F. O′Connell, Professor of Economics, College of the Holy Cross
"Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world′s largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book."
–John R. Taylor, Chairman, CEO and CIO, FX Concepts
"The book reflects the author′s doctorate from the University of Chicago, several years′ experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
–Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College
"In this book, Tim Weithers clearly explains a very complicated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non–professionals to gain a good understanding. Weither′s book is a must for any student or professional who wants to learn the secrets of FX."
–Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago
"An excellent text for students and practitioners who want to become acquainted with the arcane world of the foreign exchange market."
–David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management
"Tim Weithers provides a superb introduction to the arcana of foreign exchange markets. While primarily intended for practitioners, the book would be a valuable introduction for students with some knowledge of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the trading practices."
–John F. O′Connell, Professor of Economics, College of the Holy Cross
From the Inside Flap
In today′s global marketplace, there is a critical need for both individual and professional investors to become better acquainted with foreign exchange. As economies become more intertwined and currencies continue to fluctuate, we must understand and be able to evaluate the foreign exchange (FX) markets when dealing with a variety of concerns, from consumption decisions and investment portfolios to business and retirement plans.
Throughout his academic and professional financial careers, Tim Weithers has introduced thousands of people to the foreign exchange markets and empowered them to navigate this dynamic environment. Now, in Foreign Exchange: A Practical Guide to the FX Markets, Weithers shares his knowledge, insights, intuition, and many years of experience with you.
Blending theory and practice, this straightforward financial primer takes the technical information commonly associated with today′s FX markets and makes it more accessible. First, you′ll become familiar with some of the basic elements of foreign exchange—major currencies, bid–ask spreads, and the importance of interest rates—as well as gain some historical perspective on the evolution and development of the FX markets. After this introductory overview, you′ll receive a detailed description of the products, techniques, and strategies that can be used to master the foreign exchange markets.
Topics discussed within the following pages include:
- The foreign exchange spot market
- FX forwards and futures
- Cross–currency interest rate swaps
- FX options, structured products, and exotic options
- The economics of exchange rates and international trade
- Currency crises
- Modern developments
- And much more
With this book as your guide, you′ll also gain a solid understanding of how the FX market and its instruments work; acquire an ability to look beyond the noise of news reports and stories presented by the popular media and financial press; and learn how to avoid some of the most common mistakes made in today′s FX markets.
Filled with in–depth insights and helpful recommendations, and backed by numerous examples and exercises, Foreign Exchange frames the FX market in practical economic terms that can help you make sense of this ever–evolving, and often confusing, environment.
Inside This Book
(Learn More)
First Sentence
When many of us think of foreign exchange, what comes to mind are those little booths in the airport at which we can exchange, say, our United States Dollars for British Pounds Sterling when on our way to or from a vacation or business trip. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
When many of us think of foreign exchange, what comes to mind are those little booths in the airport at which we can exchange, say, our United States Dollars for British Pounds Sterling when on our way to or from a vacation or business trip. Read the first page
Explore More
Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
Most Helpful Customer Reviews
If you know this book cover to cover, you will do a Sales and Trading internship much better than peers
3 July 2011
Format:Hardcover
Amazing book. No BS, just all you need to know (the very basics though) condensed. Easy to read. If you know you will be on IR or FX desk, read this first. Obviously John Hull is a must read and is more in depth.
1 of 3 people found the following review helpful
Format:Hardcover
This book gives a good introduction to the instruments traded in the FX markets: spot, forwards, swaps and options. There are some exercises, but not really many and having more exercises would have improved the book. The book is comprehensive and the author does know his FX math. Recommended for anyone needing to get started with the calculations of the FX market.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
7 reviews
20 of 21 people found the following review helpful
Very informative, very readable
8 Mar 2007
Format:Hardcover
This book was exactly what I needed. I was familiar with forex futures, and I wanted to break into the cash forex market and possibly into currency options. This book gave me a clear explanation of the markets, including the conventions, the mechanics, the spot market, forex swaps, forex options, etc., and some of the factors which drive exchange rates (e.g., interest rates).
The book is very readable. Usually, this sort of thing puts me to sleep. But I knocked off a chapter per day, no problem. The author is a member of the UBS training department, and he clearly has experience explaining this topic to the uninitiated.
The math is quite light. Nothing more complicated than algebra, which is necessary to explain some pricing logic.
The book does not contain trading secrets. It is not a system for trading forex. It does not explain How I Made $1,000,000 Trading Forex. It will not help you pick a broker. It is not an exposition on the stochastic theory of forex pricing. It is, however, a clear explanation of the FX markets.
The book is very readable. Usually, this sort of thing puts me to sleep. But I knocked off a chapter per day, no problem. The author is a member of the UBS training department, and he clearly has experience explaining this topic to the uninitiated.
The math is quite light. Nothing more complicated than algebra, which is necessary to explain some pricing logic.
The book does not contain trading secrets. It is not a system for trading forex. It does not explain How I Made $1,000,000 Trading Forex. It will not help you pick a broker. It is not an exposition on the stochastic theory of forex pricing. It is, however, a clear explanation of the FX markets.
8 of 11 people found the following review helpful
Basic FX knowledge
9 Nov 2006
Format:Hardcover|Amazon Verified Purchase
The book is good for someone with no exposure to FX markets and for those who want to get a handle on things like how rates are quoted, why digital options make sense etc. The only gripe I have about this book is that it is an introduction to the topic, and not an advanced exposition on FX models, etc. Otherwise it is well written.
1 of 1 people found the following review helpful
A must reading
9 April 2012
Format:Hardcover
Mr. Weithers had share in his book lot of valuable insights. As a professional trader of the FX market for more than 15 years ago, as well as a Lecturing on this subject on several universities in Israel I truly recommend Mr. Weithers' book as a must reading for both beginners and professional. Frankly, it worth reading time spent on it.
Sencirily,
Shady Bahouth
Sencirily,
Shady Bahouth
Were these reviews helpful?
Let us know
Listmania!
|
|
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
