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'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 Market, 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, this book also guides you through the key fundamental, technical, and confidence factors that move 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.
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