Book Description
An in depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market.

Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange. He provides investors with an arsenal of trading weapons, many on the cutting edge of technology. Demystifying the intricacies of these markets, the book includes:

Analysis of the mechanics of the market, the major players and markets, the pertinent risks, corporate trading, and methods of trading execution.

A thorough overview of foreign exchange instruments and major option strategies, with clear explanations of why currencies are traded and how to forecast currency behavior. An in-depth look at the three types of analysis: fundamental, technical, and econometric. Featuring 200 charts and graphics, TRADING IN THE GLOBAL CURRENCY MARKETS is an indispensable guide to a daunting yet promising financial playing field.

	Preface
	Acknowledgments
Ch. 1	What Is Foreign Exchange?	1
Ch. 2	Historical Development of Foreign Exchange	8
Ch. 3	The Exuropean Monetary System	19
Ch. 4	Currency Characteristics	36
Ch. 5	Foreign Exchange Risks	53
Ch. 6	Central Banks	78
Ch. 7	Price Structure and Foreign Exchange Terminology	91
Ch. 8	Corporate Trading	100
Ch. 9	Foreign Exchange Settlement	115
Ch. 10	Conducting Foreign Exchange Trading (Brokers' Market vs. Direct Market)	134
Ch. 11	The Spot Market	155
Ch. 12	The Forward Currency Market: Forward Outright and Swap Transactions	174
Ch. 13	Currency Crosses	202
Ch. 14	Currency Futures	213
Ch. 15	Currency Options	233
Ch. 16	Major Option Strategies on Currencies	269
Ch. 17	Economic Fundamentals	306
Ch. 18	Financial and Socio-Political Factors	345
Ch. 19	Technical Analysis	355
Ch. 20	Trend Reversal Patterns	388
Ch. 21	Continuation Patterns	404
Ch. 22	Formations Unique to Bar Charts for Futures	419
Ch. 23	Point and Figure Charting	427
Ch. 24	Candlestick Charting	440
Ch. 25	Quantitative Trading Methods	466
Ch. 26	Oscillators	474
Ch. 27	W.D. Gann Analysis	488
Ch. 28	The Elliott Wave	492
	Glossary	510
	Appendix A	537
	Appendix B	543
	Index	558