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Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market-whether an individual trader or an institutional trader-who possesses analytical skill, economically sound judgment, and who has access to market data. In the foreign exchange market, arbitrage involves the simultaneous purchase and sale of a currency in different markets; the profit comes from the difference in the buying and selling prices. Hedging and speculation are opposing strategies for dealing with risk; hedging is a cover, and speculation is an assumption of risk. Authors…mehr

Produktbeschreibung
Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market-whether an individual trader or an institutional trader-who possesses analytical skill, economically sound judgment, and who has access to market data. In the foreign exchange market, arbitrage involves the simultaneous purchase and sale of a currency in different markets; the profit comes from the difference in the buying and selling prices. Hedging and speculation are opposing strategies for dealing with risk; hedging is a cover, and speculation is an assumption of risk. Authors also discuss futures, swaps, forward contracts, and other strategies. For financial scholars, students, analysts, and currency traders.
Autorenporträt
Ephraim Clark was raised in the United States. After he obtained his undergraduate degree at the University of Notre Dame, his wanderlust itinerary took him from Latin America to the UK and Europe, where he earned his way as a karate instructor, nightclub bouncer, pop singer, and recording artist. He has post graduate degrees from the University of Madrid and the University of Paris, where he obtained his PhD in Financial Economics Summa cum Laude. As a full professor in finance, he has authored or coauthored nine books and over one hundred papers in top academic and professional journals. Cult Stalker is his second spy thriller. His first, Requiem for Betrayal, is an Amazon Best Seller and was a finalist in the Thriller category for the National Indie Excellence Awards.