Arbitrage, Hedging, and Speculation : The Foreign Exchange Market Hardback
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.
- Format: Hardback
- Pages: 232 pages
- Publisher: ABC-CLIO
- Publication Date: 30/04/2004
- Category: International finance
- ISBN: 9781567205824
- PDF from £65.28