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Praise for Foreign Exchange

"Tim Weithers starts by telling the reader that alien interchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that cash is much more stimulating than anything it buys. This utile book is a whirlwind tour of the world's greatest market, and the tour guide is an expert storyteller, inserting numerous arousing and attention holding perceptivenesses and quirky facts allround the book."
-John R. Taylor, Chairman, CEO and CIO, FX Concepts

"The book reflects the author's doctorate from the University of Chicago, various years' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge global bank. These rudimentary ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
-Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College

"In this book, Tim Weithers distinctly explains a very elaborated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non-professionals to gain a good understanding. Weither's book is a ought to for any student or professional who wants to learn the mysteries of FX."
-Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago

"An splendid text for students and practitioners who want to become acquainted with the arcane world of the alien interchange market."
-David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management

"Tim Weithers provides a superb introduction to the arcana of alien interchange markets. While principally intended for practitioners, the book would be a valuable introduction for students with a heap of noesis of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the retail practices."
-John F. O'Connell, Professor of Economics, College of the Holy Cross

From the Inside FlapIn today's global marketplace, there is a critical need for both person and professional investors to become better acquainted with alien exchange. As economies become more intertwined and currencies carry on to fluctuate, we will have to grasp and be competent to valuate the alien interchange (FX) markets when dealing with a potpourri of concerns, from consumption conclusions and investment portfolios to business and retirement plans.

Throughout his academic and professional financial careers, Tim Weithers has introduced thousands of people to the alien interchange markets and empowered them to navigate this dynamic environment. Now, in Foreign Exchange: A Practical Guide to the FX Markets, Weithers shares his knowledge, insights, intuition, and a great deal of years of experience with you.

Blending theory and practice, this straightforward financial primer takes the technical selective information normally affiliated with today's FX markets and makes it more accessible. First, you'll become intimate with a lot of of the basic elements of alien exchange—major currencies, bid-ask spreads, and the importance of interest rates—as well as gain a great deal of historical perspective on the evolution and development of the FX markets. After this initial overview, you'll receive a elaborated description of the products, techniques, and systems that may be applied to master the alien interchange markets.

Topics discussed within the following pages include:

• The alien interchange spot market
• FX forwards and futures
• Cross-currency interest rate swaps
• FX options, structured products, and exotic options
• The economics of interchange rates and global trade
• Currency crises
• Modern developments
• And much more

With this book as your guide, you'll likewise gain a solid understanding of how the FX market and it is instruments work; acquire an capacity to look beyond the noise of news reports and stories staged by the frequent media and financial press; and learn how to stay clear from a heap of of the most mutual faults made in today's FX markets.

Filled with in-depth perceptivities and helpful recommendations, and backed by a great deal of examples and exercises, Foreign Exchange frames the FX market in practical economic terms that may support you make sense of this ever-evolving, and many times confusing, environment.

From the Back CoverPraise for Foreign Exchange

"Tim Weithers starts by telling the reader that alien interchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that cash is much more stimulating than anything it buys. This utile book is a whirlwind tour of the world's greatest market, and the tour guide is an expert storyteller, inserting a lot of arousing and attention holding perceptivities and quirky facts allround the book."
—John R. Taylor, Chairman, CEO and CIO, FX Concepts

"The book reflects the author's doctorate from the University of Chicago, assorted years' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge global bank. These rudimentary ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
—Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College

"In this book, Tim Weithers distinctly explains a very elaborated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non-professionals to gain a good understanding. Weither's book is a must for any student or professional who wants to learn the mysteries of FX."
—Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago

"An splendid text for students and practitioners who want to become acquainted with the arcane world of the alien interchange market."
—David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management

"Tim Weithers provides a superb introduction to the arcana of alien interchange markets. While mainly intended for practitioners, the book would be a worthful introduction for students with numerous psychological result of perception learning and reasoning of economics. The text is specially clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the merchandising practices."
—John F. O'Connell, Professor of Economics, College of the Holy Cross

About the AuthorTIM WEITHERS, PhD, was one of the members of the Education Department of the O'Connor Partnership, a legendary proprietary option selling firm, which is now part of UBS. As a Managing Director of Financial Markets Education for UBS, he teaches thousands of clients and workers each year through seminars and internal classes, and serves as a faculty fellow member of the Graduate Program on Financial Mathematics at The University of Chicago.

Most helpful client reviews

20 of 21 people found the following review helpful.
Very informative, very readable
By Paul Teetor
This book was precisely what I needed. I was intimate with forex futures, and I wanted to break into the cash forex market and perhaps into currency options. This book gave me a clear comprehensible statement of the markets, including the conventions, the mechanics, the spot market, forex swaps, forex options, etc., and a good deal of of the components which drive interchange rates (e.g., interest rates).

The book is very readable. Usually, this sort of thing puts me to sleep. But I knocked off a chapter per day, no problem. The author is a fellow member of the UBS training department, and he without doubt or question has experience explaining this topic to the uninitiated.

The math is rather light. Nothing more elaborated than algebra, which is necessary to explain some pricing logic.

The book does not integrate retail secrets. It is not a scheme for marketing forex. It does not explain How I Made $1,000,000 Trading Forex. It will not aid you pick a broker. It is not an exposition on the stochastic theory of forex pricing. It is, however, a clear comprehensible statement of the FX markets.

8 of 11 humans found the following review helpful.
Basic FX knowledge
By M. Ambastha
The book is good for someone with no exposure to FX markets and for those who want to get a handle on things like how rates are quoted, why digital choices make sense etc. The only gripe I have with regards to this book is that it is an introduction to the topic, and not an innovative exposition on FX models, etc. Otherwise it is well written.

1 of 1 humans found the following review helpful.
A ought to reading
By Shady Bahouth
Mr. Weithers had portion in his book lot of valuable insights. As a professional dealer of the FX market for more than 15 years ago, as well as a Lecturing on this subject on various universities in Israel I genuinely commend Mr. Weithers' book as a will have to reading for both beginners and professional. Frankly, it worth reading time expended on it.

Sencirily,
Shady Bahouth

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