3 Responses to “A Foreign Exchange Primer”

• By a student in financial engineering on Mar 13, 2010

  This book does not help me much with my foreign exchange course as a financial engineering student.

  Many examples in the book have obvious numeric errors. Also it does not talk about any logic behind the calculation. The little calculation it has is neither rigorous nor complete. Reading this book only caused me more questions and confusions. I had to read other books as a correction or supplement.

  It’s definitely not for people looking for mathematical reasoning. It does not even talk about Garman-Kohlhagen formula, or Spot-Forward parity etc. It only has some explanations of some jargons, even those explanations are not very well presented.

  Another thing I don’t like is that at several places two consecutive paragraphs are identical except for a few keywords — an obvious result of copy & paste.

  Had I known the content of the book, I would not have bought it! I bought the e-book & didn’t know the content until after I bought it. And e-books cannot be returned. Otherwise I would have done it!
  Rating: 1 / 5
• By schwarzwald on Mar 13, 2010

  As another reviewer noted, this book is definitely not for people who are ready to study “financial engineering”. It is, however, PERFECT for people who want to learn about foreign exchange but don’t have a finance background. It does not TRY to be a book for rocket scientists, so criticizing it for that is unfair. More advanced books that have lots of integral and summation signs assume that you already understand the basic information in this book.

  This is the only book I have found which explains this important market at a level that practically anyone can understand. I’m a math student doing a mathematical modelling project involving finance and investment and so I needed something like this: I do not know anyone who invests and the simple fact is that most people don’t know much about the mechanics of the markets. This book fills in a gap in plain English with little verbosity or unnecessary digressions. Thus, as a basis for gaining intuition and domain knowledge in an undergraduate university project, this book is everything it attempts to be.
  Rating: 4 / 5
• By Anonymous on Mar 13, 2010

  Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you’d expect to find in a book that is considerably thicker and more expensive – there’s a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not overly biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
  Rating: 5 / 5

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