forex trading - Lam Giang - broker, central banks....

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Topic: How foreign exchange trading developed through years, how international agreements today have shaped it and what its main functions are. OUTLINE I. Introduction 1.1. What is foreign exchange trading - Definition: is simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country. - Kinds of currency used in foreign trading: fiat money, bank notes, gold, and bank deposits which are from a foreign country or used as means of payment in international trading 1.3. How the foreign exchange markets work - Definition: The foreign exchange market (forex, FX, or currency market) is a global, worldwide decentralized financial market for trading currencies. The foreign exchange market determines the relative values of different currencies - Participants: retail customers, foreign exchange dealers, foreign exchange
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Unformatted text preview: broker, central banks. speculators- Exchange rate II. Technical sections 2.1. Overview of foreign exchange trading through years- The Gold exchange period and the Bretton-Woods Agreement- The Euro/USD market- The floating market 2.2. International agreements on foreign exchange trading-The International Foreign Exchange Master Agreement IFEMA 2.3. Foreign exchange trading main functions- To earn profit- To transfer purchasing power between countries- To provide credit to the importer debtor-Coverage of risk III. Conclusion 3.1. What we have got from foreign exchange trading- The volume- The participant- The traded currencies- Time of trading 3.2. What should be done to earn in foreign exchange market- Currency speculation: + When to sell +When to buy + Where to invest...
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This note was uploaded on 11/07/2011 for the course ESP ESP taught by Professor Huyen during the Spring '11 term at Thunderbird School of Global Management.

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forex trading - Lam Giang - broker, central banks....

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