Trading Currency Cross Rates: Proven Trading Strategies from a Leading International Currency Trader and a Noted Expert on Futures and Options / Edition 1

by Gary Klopfenstein, Jon Stein

Overview

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.

Product Details

ISBN-13:	9780471569480
Publisher:	Wiley
Publication date:	08/30/1993
Series:	Wiley Trader's Exchange , #3
Pages:	176
Product dimensions:	6.30(w) x 9.25(h) x 0.79(d)

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.

Table of Contents

Exchange-Traded Versus Interbank Markets.

Varieties of Cross Rates.

Fundamentals of Foreign Exchange.

Technical and Intermarket Analysis of Cross Rates.

Bringing It All Together—Specific Strategies andTactics.

What to Expect in the Future.

Appendices.

Glossary.

Index.