Trading Currency Cross Rates: Proven Trading Strategies from a Leading International Currency Trader and a Noted Expert on Futures and Options: 3 (Wiley Trader's Exchange) - Hardcover

Klopfenstein, Gary; Stein, Jon

Hardcover

ISBN 10: 0471569488 ISBN 13: 9780471569480

Publisher: Wiley, 1993

Synopsis

For commodity traders and portfolio managers--a practical, hands-onguide to profiting in today's growing international cross ratemarkets. Cross rates trading is growing increasingly popular,fueled in no small part by banks and multinationals seekingcreative strategies for hedging currency risk and speculatorsseeking profits from interest rate plays and exchange rate moves.Trading Currency Cross Rates is the passkey to this vastlyprofitable financial sector. Written for the experienced tradermoving into the currency futures and foreign exchange cash markets,as well as for the corporate portfolio manager seeking to limitcompany exposure, this professional guide covers the fundamentalsof today's cross rates markets and delivers the step-by-steptechniques needed to trade cross rates successfully. Packed withcharts and tables that apply over a broad range of internationalmarkets and currencies, the guide:
* Explains what cross rates are and profiles the different typesthat currently are traded
* Shows whether to trade on an agency or principal basis, and howto avoid counterparty failure
* Covers the building blocks of currency valuation and the bestmethods for forecasting moves in currency cross rates
* Reveals how to profitably trade exotic cross rates amongcurrencies from the Pacific Rim and Middle East
* Explains how to cross over to the growing interbank currencymarket, and which fundamental and technical analysis techniquesspecifically apply to it
* Discusses how to easily adapt any current trading system and itsinput to the profitable cash markets
Featuring the expertise of a leading cross rates trading expert ina concise, direct, accessible format, Trading Currency Cross Ratesis the dependable, single-source guide to trading cross ratessuccessfully.

About this title

About the Author

About the authors GARY KLOPFENSTEIN is President of his own trading firm, GK Capital Management, a foreign exchange trading company managing over $200 million and ranked among the top-rated portfolio management groups in the world. JON STEIN is a Chicago-based financial writer and attorney specializing in international finance and securities. A former editor at Futures magazine, his writing is largely focused on futures and interbank topics. About the Series Editor PERRY J. KAUFMAN has over 20 years experience in systems design for trading strategies, hedging, and arbitrage in derivative products. The author of five books, including The New Commodity Trading Systems and Methods (Wiley), he lives on his farm in Wells River, Vermont, where he continues his research and consulting.

From the Back Cover

For commodity traders and portfolio managers a practical, hands-on guide to profiting in today s growing international cross rate markets. Cross rates trading is growing increasingly popular, fueled in no small part by banks and multinationals seeking creative strategies for hedging currency risk and speculators seeking profits from interest rate plays and exchange rate moves. Trading Currency Cross Rates is the passkey to this vastly profitable financial sector. Written for the experienced trader moving into the currency futures and foreign exchange cash markets, as well as for the corporate portfolio manager seeking to limit company exposure, this professional guide covers the fundamentals of today s cross rates markets and delivers the step-by-step techniques needed to trade cross rates successfully. Packed with charts and tables that apply over a broad range of international markets and currencies, the guide:

• Explains what cross rates are and profiles the different types that currently are traded
• Shows whether to trade on an agency or principal basis, and how to avoid counterparty failure
• Covers the building blocks of currency valuation and the best methods for forecasting moves in currency cross rates
• Reveals how to profitably trade exotic cross rates among currencies from the Pacific Rim and Middle East
• Explains how to cross over to the growing interbank currency market, and which fundamental and technical analysis techniques specifically apply to it
• Discusses how to easily adapt any current trading system and its input to the profitable cash markets

Featuring the expertise of a leading cross rates trading expert in a concise, direct, accessible format, Trading Currency Cross Rates is the dependable, single-source guide to trading cross rates successfully.

From the Inside Flap

Trading Currency Cross Rates The Wiley Trader s Advantage Series is a new series of concise, highly focused books designed to keep savvy futures, options, stocks, bonds, and commodities traders abreast of the latest, successful strategies and techniques used by the keenest minds in the business. Each title delivers timely, cutting-edge guidance on a key aspect of trading, including trading systems, portfolio management methods, computerized forecasting, and systems optimization. Trading Currency Cross Rates is designed to help forward-looking traders and corporate financial specialists successfully move into the interbank cash markets, and once there, easily master a battery of winning strategies for trading cross rates successfully. Packed with profitable ideas and insights about today s astonishingly liquid cash currency markets, this timely guide first familiarizes you with the full range of foreign exchange-traded cross rate instruments available in the world s organized exchanges, including futures contracts, options, and warrants. From here, the guide profiles the 24-hour Interbank Currency Markets, explaining how it operates, who the principal players are, and how banks create new markets. This in-depth treatment reveals such hidden gems as how to begin trading without depositing funds in foreign exchange-trading banks, how to capitalize on forward and spot rate agreements, over-the-counter options transactions, currency swaps, and how to accurately measure profits and losses. For maximum utility, Trading Currency Cross Rates also guides you through the key fundamental, technical, and confidence factors that move foreign exchange rates, and shares proven methodologies for forecasting and profiting from futures moves in foreign currencies. It includes clear, straightforward guidance on trading fixed exchange rate systems, using currency ranking models and triangular trading techniques, and easily integrating cross rates into any current trading system. Whether you re a trader looking to switch from the futures market to the cash market or a portfolio manager seeking better methods for hedging corporate risk whether you want to profit from interest rate plays or exchange rate moves you ll confidently turn to Trading Currency Cross Rates for the proven, professional guidance needed to trade the world s exchange rates.

Edition details

• Publisher: Wiley
• Publication date: 1993
• Language: English
• ISBN 10: 0471569488
• ISBN 13: 9780471569480
• Binding: Hardcover
• Edition number: 1
• Number of pages: 176