Currency operations. Fundamentals of theory and practice. Suren Lieselotte
Any new business is doomed to failure if you don't know the basic principles of what you want to do.
Trading on the Forex currency exchange is no exception, although many people think that the whole point of this process is only opening transactions.
In fact, it is quite difficult to choose the right direction of a transaction if you do not understand what the formation of exchange rates is based on.
Therefore, the book "Foreign Exchange Transactions: Fundamentals of Theory and Practice" by Suren Lazelot will be useful to anyone who has decided to seriously engage in currency trading.
The textbook contains a lot of basic information on the foreign exchange market, but it also has a section dedicated to dealing.
Market participants – who are the people who buy and sell currencies on the forex market? Banks, brokerage firms, and corporations.
Basic concepts – terminology related to stock trading that will be useful to you in the process of work.
Spot, Swap and Forward Operations – what these types of operations are, how they are carried out, and the rules for setting exchange rates.
Currency options – as one of the types of transactions carried out with currency pairs , types of options and options for their execution.
Euromarket – market characteristics, interest rate and swap rates. Provision of loans with variable rates.
Risks in Forex Trading and How to Manage Them – what risks you might encounter when trading currencies, and most importantly, how to minimize them.
The main organization – what is the essence of the treasury’s work, their structure and the tasks they solve, currency dealing.
Standards of conduct in the foreign exchange market – what is the international association of foreign exchange market participants?
Overall, the book cannot be called a guide to speculative Forex trading, but nevertheless, everyone will find a lot of useful information in it.
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