Foreign Currency Trading: From the Fundamentals to the Fine Points (Hardcover)

~ Russell Wasendorf (Author) "The financial world consists of many specialized sectors-stocks, bonds, metals, commodities, options, futures, swaps, derivatives, derivatives of derivatives-each with its own dynamics and vocabulary..." (more)
Key Phrases: corporation derivative hedging, buying deutschemarks, open currency position, United States, New York, Treasury Amendment (more...)

Editorial Reviews

Product Description

The opportunities for unmatched returns and investment protection in the brave new world of foreign currency investing are second to none. In Foreign Currency Trading, financial executives Russell Wasendorf, Sr., and Russell Wasendorf, Jr., describe foreign currency trading in plain terms, and help you understand the risks, benefits, and operational requirements that you will need to take advantage of this market's tremendous potential. Look to Foreign Currency Trading for clear explanations on the mechanics of foreign currency trading, in-depth discussion of all pertinent foreign exchange rules and regulations, and a comprehensive glossary with literally hundreds of terms essential to forex trading. With formerly imposing currency trading restrictions having been struck down in recent court rulings, the world of foreign currency trading is an exciting and rapidly-expanding field. Let Wasendorf and Wasendorf's Foreign Currency Trading be your comprehensive guidebook for effectively taking advantage of this exciting opportunity, not only as a source of unmatched income and profits, but also as a sophisticated hedging instrument in any investment portfolio.

From the Back Cover

Proven Trading Strategies for Today's Forex Market! In today's wide-open investment market, savvy traders are learning how to trade currency value fluctuations. The timely and in-depth Foreign Currency Trading is your guidebook on how to master the strategic possibilities of currency trading, benefit from currency value fluctuations, and begin to immediately and dramatically increase your overall trading profits and income through forex trading! From the basic guidelines and terminology every foreign currency trader must understand to discussions of the risks of forex trading including counterparty risk, settlement risk, and country risk, Foreign Currency Trading is the only book you will need to better understand the operational requirements and return-enhancing opportunities of forex trading. Packed with real world examples, this long-awaited book: Provides step-by-step examples of how you can hedge your portfolio risks through foreign currency trading; Explains how, through fundamental and technical analysis, you can create a well-conceived plan for consistently successful forex trading; Includes an easily-accessed and comprehensive glossary with literally hundreds of terms and important concepts explained. Foreign currency trading, while surrounded by complex terminology and formulas, is really quite straightforward and easy to comprehend once you receive a firm understanding of the basics. Let Foreign Currency Trading introduce you to the fundamentals of forex trading, and trading, and open the door to theories and strategies that will help you master this increasingly productive investment class.

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Product Details

• Hardcover: 241 pages
• Publisher: McGraw-Hill; 1 edition (October 1, 1997)
• Language: English
• ISBN-10: 0786311673
• ISBN-13: 978-0786311675
• Product Dimensions: 9.3 x 6.2 x 1 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 1.3 out of 5 stars  See all reviews (15 customer reviews)
• Amazon.com Sales Rank: #933,418 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

49 of 50 people found the following review helpful:

1.0 out of 5 stars A dishonest sales plug for PFG Inc., NOT a trading book, December 24, 2002

By	Enrique Moreno "Dr. Enrique Moreno" (Palo Alto, California United States) - See all my reviews (REAL NAME)

Do not waste your time and money. The "authors" (much a dignified word for the compilers of this mismatched and unfocused jumble of trivial materials) are the owners of PFG Inc., and the obvious purpose of this book is to get your business. Their main tactics are: a) The tedious description of all conceivable risks associated with broker selection, the implication being that they (PFG Inc.) are the no-risk choice. b)Four chapters grinding the theme of how risky is to do it on your own (chapter 2: "What you don't know may hurt you", chapter 4: "Buyer beware, be very aware", chapter 5: "Are you qualified to invest in Forex?" and chapter 9: "The sensitive question of risk, risk, risk ...") and one (chapter 7) where they tie it all leading you to the grand conclusion: use the services of Currency Investment Managers! (Your choice shoulod be them, of course.) Of the 241 pages, 114 pages are apendices with forms, primitive-looking graphs, and glosaries you can find in a couple minutes for free using a search engine. Voila', there you have it: nothing about trading, much about cover-selling you their services.

37 of 38 people found the following review helpful:

1.0 out of 5 stars Not fair, March 15, 2003

By	Super Trader - See all my reviews

I have been trading futures and options for 11 years. I have written three books on the subject. This is the worst example of authoring that I have ever seen. There are no real insights into the subject of Foreign Currency Trading. Mr.Wasendorf fails dismally at being objective and goes overboard in promoting his company PFG. I was sorely disappointed. I was really looking forward to additional insight into Foreign Currency Trading.

29 of 30 people found the following review helpful:

1.0 out of 5 stars save your money ..., March 15, 2003

By A Customer

... I have no idea what objective these guys had in mind when they sat down to write this book.... This book is just a bunch of information thrown together (probably downloaded from the internet) and they obviously took no time to put any real effort into this book. I was terribly dissappointed with my purchase of this book.....look elsewhere if you are interested in getting started in forex trading.