Trading Currency Cross Rates: Proven Trading Strategies from a Leading International Currency Trader and a Noted Expert on Futures and Options (Wiley Trader's Exchange) [Hardcover]

Trading Currency Cross Rates 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 from futures 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 to the cash 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.

For commodity traders and portfolio managers—a practical, hands–on guide to profiting in today’s growing international cross rate markets. Cross rates trading is growing increasingly popular, fueled in no small part by banks and multinationals seeking creative strategies for hedging currency risk and speculators seeking profits from interest rate plays and exchange rate moves. Trading Currency Cross Rates is the passkey to this vastly profitable financial sector. Written for the experienced trader moving into the currency futures and foreign exchange cash markets, as well as for the corporate portfolio manager seeking to limit company exposure, this professional guide covers the fundamentals of today’s cross rates markets and delivers the step–by–step techniques needed to trade cross rates successfully. Packed with charts and tables that apply over a broad range of international markets and currencies, the guide: Explains what cross rates are and profiles the different types that currently are traded Shows whether to trade on an agency or principal basis, and how to avoid counterparty failure Covers the building blocks of currency valuation and the best methods for forecasting moves in currency cross rates Reveals how to profitably trade exotic cross rates among currencies from the Pacific Rim and Middle East Explains how to cross over to the growing interbank currency market, and which fundamental and technical analysis techniques specifically apply to it Discusses how to easily adapt any current trading system and its input to the profitable cash markets Featuring the expertise of a leading cross rates trading expert in a concise, direct, accessible format, Trading Currency Cross Rates is the dependable, single–source guide to trading cross rates successfully.