Foreign Exchange: A Practical Guide to the FX Markets

This book was exactly what I needed. I was familiar with forex futures, and I wanted to break into the cash forex market and possibly into currency options. This book gave me a clear explanation of the markets, including the conventions, the mechanics, the spot market, forex swaps, forex options, etc., and some of the factors which drive exchange 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 member of the UBS training department, and he clearly has experience explaining this topic to the uninitiated.The math is quite light. Nothing more complicated than algebra, which is necessary to explain some pricing logic.The book does not contain trading secrets. It is not a system for trading forex. It does not explain How I Made $1,000,000 Trading Forex. It will not help you pick a broker. It is not an exposition on the stochastic theory of forex pricing. It is, however, a clear explanation of the FX markets.

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 options make sense etc. The only gripe I have about this book is that it is an introduction to the topic, and not an advanced exposition on FX models, etc. Otherwise it is well written.

This book is outstanding. It’s a superb introduction to real FX, and explains the idiosyncracies (of which there are many) and rationales of this market.

I decided to buy this book because the content is interesting and it said it was the 2013 edition (if you read the Feautures & Details).But, I'm surprised when I received the book because it is the 2006 edition. Sincerely it was a bad experience for me, I feel I lost my money because the examples are from 1997 and 2002 so it is not updated at all.

Good

This is not a practical guide to the FX markets. It is written by an academic and sounds like it. Overly complicated.

This is an excellent introduction to foreign exchange. The tone is conversational, with the occasional amusing anecdote, which makes it very easy reading.

Its a good book for basic knowledge on FX however the mathematical explanation is written in a narrative style which makes it very confusing.

I started a new job and I need to understand the basics of Foreign Exchange. That book really help my to understand that world. The author explain very well the different concepts of Foreing Exchange. Also, the book provide exercises to practice some concepts.

This book is written for the beginner although people with financial backgrounds will find it helpful. Should have spent more time on the jargon used in the industry and on market making conventions.