Trading in the Global Currency Markets (Hardcover)

~ (Author) "Foreign exchange is simultaneously a simple and a complex notion, depending on the end user..." (more)
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Editorial Reviews

Product Description

This 800 page reference is the trader's key to mastering a foreign currency exchange market. Foreign exchange traders in commercial and investment banks, financial information services, trading corporations and insurance companies alike will turn here for a better understanding of market characteristics, mechanics, trading techniques, forecasting methods and much more.

About the Author

Cornelius Luca is a foreign currency market expert with more than twenty years of experience in international finance. Also the author of NYIF's Technical Analysis Applications in the Global Currency Markets, he teaches classes and seminars at the New York Institute of Finance and the Center for Financial Engineering in Washington, D.C. He lives in Millwood, New York. --This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 592 pages
• Publisher: Prentice Hall (January 26, 1995)
• Language: English
• ISBN-10: 0132934248
• ISBN-13: 978-0132934244
• Product Dimensions: 9.2 x 6.5 x 2 inches
• Shipping Weight: 2.4 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (28 customer reviews)
• Amazon.com Sales Rank: #1,350,012 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

55 of 59 people found the following review helpful:

1.0 out of 5 stars A 3rd Edition is called for . . ., April 19, 2004

By	"flotsam34" (Delray Beach, FL United States) - See all my reviews

This review is from: Trading in the Global Currency Markets Second Edition (Hardcover)

In 2000, when this edition was released, it most probably provided a fair introduction and overview to the global forex market, but not for individual traders.

However, its use to traders, especially individual traders is limited. Since 2000, there has been an almost explosive growth in the number of forex market-makers and brokers, catering to the individual traders, making it possible and very easy for the individual to trade forex on the inter-bank system. One can now start trading a mini forex account with only $300 !!

These critical new developments in the forex trade, are unfortunately not covered in Mr Luca's book - hence my call for a 3rd edition. The amount of information contained in the various broker's websites - inclusive of "How to" sections, "FAQs", tutorials, and other background information, pretty much contains most of the info presented in Mr Luca's book, with the exception of forward contracts and options.

The Technical Analysis information presented, is similar to the stock market, but not covered extensivley. So, if you already have that knowledge, you wouldn't need to purchase this book to start trading forex. If you need to acquire this knowledge, then I would suggest any one of the excellent in-depth books on the topic of technical analysis available. These books, even though written for the equities market, will give any prospective forex trader most of the knowledge he/she will need to start trading forex.

42 of 45 people found the following review helpful:

5.0 out of 5 stars Extremely informative!, April 14, 2003

By	Super Trader - See all my reviews

Mr.Luca has out done himself. I am a 11 year veteran of the futures markets and I have written three book on futures trading. Mr.Luca's book exceeded my expectations. I read it and was completely enlightened at the chain of connections that drive the currency market. His technical analysis on forex trading was easily adaptable to my own strategies, plus I learned a few new tricks.

Mr.Luca's writing is very indepth and many beginners to forex trading will find a lot of information to wade through in order to find the nuggets they are looking for. That being said, any serious beginner will not have a problem with getting a thorough education in this fascinating subject.

Intermediate traders will see there mistakes and hopefully correct them by using this book.

Overall, this is a great book by Mr.Luca and I keep a copy as a refernce.

25 of 26 people found the following review helpful:

5.0 out of 5 stars Trading in the Global Currency Markets, February 4, 2001

By	Frank Streeter (Chicago, IL, USA) - See all my reviews

This review is from: Trading in the Global Currency Markets Second Edition (Hardcover)

Well rounded book! I've been a spot FX trader since 1992, but never had the time or opportunity to dig too deep in other areas, such as derivatives. In addition, my charting knowledge consisted basically of intraday charts and a couple of moving averages on the bar charts. After reading this comprehensive book I feel I opened my horizons. Candlestick analysis has started to help me almost every day, and I was able to adapt options knowledge to spot trading. Trading in the Global Currency Markets is a must for Forex.