November 2011
Beginner
335 pages
9h 33m
English
Content preview from Inside the Currency Market: Mechanics, Valuation, and Strategies
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CHAPTER 2
Currency Trading Beyond the Basics
This chapter will address the many foundations and theories of money and exchange rates as well as the histories behind those theories. The chapter begins with concepts of the currency market, participants, and foundations that comprise currency pairs. The belief is that understanding currency pairs must equate to an understanding of how other nations view their own currencies and how those currencies are traded in their respective markets. Concepts such as margin, rollover interest, and how that interest is debited and credited to accounts is important to denote amounts of revenue that may be earned or lost. All is highlighted from a nation-to-nation perspective. Histories of economic formations ...
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