LEADER 06742nam 22006131 450 001 9910971220403321 005 20240416144813.0 010 $a9780857192066 010 $a085719206X 035 $a(CKB)3710000000056696 035 $a(EBL)3299632 035 $a(SSID)ssj0001158545 035 $a(PQKBManifestationID)11635986 035 $a(PQKBTitleCode)TC0001158545 035 $a(PQKBWorkID)11108116 035 $a(PQKB)10758981 035 $a(MiAaPQ)EBC3299632 035 $a(Au-PeEL)EBL3299632 035 $a(CaPaEBR)ebr10781514 035 $a(OCoLC)884811395 035 $a(Perlego)1415737 035 $a(EXLCZ)993710000000056696 100 $a20100728d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aForeign exchange: the complete deal $ea comprehensive guide to the theory and practice of the forex market /$fby James Sharpe 205 $a1st ed. 210 1$aPetersfield :$cHarriman House,$d2012. 215 $a1 online resource (308 p.) 225 0$aApplied essentials 300 $aDescription based upon print version of record. 311 08$a9781906659653 311 08$a1906659656 320 $aIncludes bibliographical references (pages 287-288) and index. 327 $aIntro -- Contents -- Preface -- 1. Exchange Rate Systems: From Fixed to Floating, and Chaos -- Fixed exchange rates -- Floating exchange rates -- Conclusion -- Foreign exchange and the UK -1960 to the 2000s -- 2. Central Banks and Foreign Exchange Intervention -- What is foreign exchange intervention? -- Intervention and monetary policy -- The efficacy of intervention -- Conclusion -- 3. The Basics of Foreign Exchange -- A definition of foreign exchange -- The foreign exchange market -- 4. The Theory of Foreign Exchange: How Exchange Rates Are Determined -- Exchange rates and supply and demand -- The effect of exchange rates on an Economy -- Interest rate parity (IRP) -- Purchasing power parity (PPP) -- Currencies overshooting their expected levels - Rudiger Dornbusch -- 5. Foreign Exchange in Practice -- Price quotations -- How dealers cover their exposure -- Orders -- How to calculate trading profits and losses -- Recording a trade -- Rules when making foreign exchange transactions -- 6. Types of Foreign Exchange Transactions -- 1. Spot -- 2. Forward outright -- 3. Broken date contracts -- 4. Non-deliverable forward (NDF) -- 5. Swap -- 6. Forward/forward -- 7. Algorithmic trading -- 8. Options -- 7. Predicting the Future: Technical Analysis and FX Forecasting -- Technical analysis and the foreign exchange markets -- Forecasting the foreign exchange markets -- Psychology and Foreign Exchange -- Group behaviour -- Overconfidence -- Overreaction -- Attitude to risk -- Attitude to rules -- 9. Influences on Foreign Exchange Markets -- Economic data -- Impact of central bank intervention -- Breach of technical levels -- Seasonal price patterns -- Dramatic events -- Market intelligence -- 10. A Blueprint for Trading -- Before, during and after the trade -- Managing losses -- Investment vs. Speculation -- 11. Liquidity -- Assessing liquidity. 327 $aWhen liquidity disappears -- The carry trade and Torschlusspanik (door shut panic) -- 12. Hedging Currency Exposure -- Overview of hedging -- Sources of exposure -- The hedging process -- Impact of hedging -- Currency overlay -- Conclusion -- 13. The Management of Dealing -- Risks -- Dealing limits at banks -- Monitoring forward foreign exchange exposure -- 14. Dealing with Banks and Financial Institutions -- The provider should be financially strong -- The provider should be operationally strong -- Check the bank can supply the product and service you require -- Dealing mandate -- Foreign exchange limits -- Understanding what is on offer -- Agreements -- Banks dealing with customers -- Afterword -- Appendices -- Appendix 1. Foreign exchange solutions in brief -- Appendix 2. A simple guide to technical analysis -- Glossary -- Bibliography -- Index. 330 8 $aThe foreign exchange market is the largest and most liquid financial market in the world. In recent years its volatility has been especially pronounced, which has posed problems for investors, companies and governments attempting to manage their economies. The management of exchange rates has become integral to economic performance and to the political landscape.'Foreign Exchange, The Complete Deal', part of Harriman House's Applied Essentials series, is a comprehensive guide to this broad and exciting market, and how it is traded. James Sharpe, a foreign exchange practitioner with more than 30 years' experience, unravels the important features of the Forex market to give a clear understanding of the issues and processes involved in foreign exchange transactions.This book begins with an exploration of the historical and theoretical background to the markets as they exist today. The transition from a fixed exchange rate system to a floating system is examined and insight is given on the processes that determine exchange rates and how the system employed impacts government policy. There is also a detailed section about the influence interventions by central banks have on the market.The focus then moves to foreign exchange in practice, the core of the book. Topics covered include:- The range of foreign exchange transactions available - including spot, forward, broken date, non-deliverable forwards (NDFs), swaps and options - and how they can be used, with clear worked examples- How foreign exchange prices are quoted; bid-offer spreads; pips- How foreign exposures are hedged- How banks and dealers cover their exposure in the market and make profits- A discussion of tools that are used to analyse the market, including technical analysis- Factors that influence foreign exchange prices on a daily basis including a detailed look at liquidity- How professional traders analyse markets and provide a blueprint for professional trading- How best to choose and manage the relationship with foreign exchange providersThis is an indispensable guide for those who need to understand more about the commercial realities of currency trading and hedging, providing a clear and thorough explanation of the complete world of foreign exchange. 606 $aForeign exchange 606 $aInternational finance 615 0$aForeign exchange. 615 0$aInternational finance. 676 $a332.45 676 $a332.45 700 $aSharpe$b James$0152412 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910971220403321 996 $aForeign exchange: the complete deal$94365817 997 $aUNINA