A Manager''''''''s Guide to Knowing What the Numbers Really Mean 7 docx

... for another. The lack of a physical exchange enables the FOREX market to operate on a 24- hour basis, spanning from one time zone to another across the major financial centers. This fact—that there ... Cons of Arbitrage 271 Summary 272 Appendix A 273 How the FOREX Game Is Played 273 Market Makers and ECNs 273 A Peek under the Hood 273 Appendix B 277 List of World C...

... of a currency relative to another currency. There are an enormous number of correlations between all these factors and they are almost certainly nonlinear in nature. That means they are constantly ... FOREX market operates in a manner similar to that of the NASDAQ market in the United States; thus it is also referred to as an over -the- counter (OTC) market. The lack of a ce...

... to broker and can be as low as $100 to as high as $100,000. Each time the trader executes a new trade, a certain percentage of the account balance in the margin account will be earmarked as the ... charter renewed but a separate quasi-private self-regulatory agency was created to implement the laws, rules, and regulations. Thus in 1982 was born the National Futures Ass...

... reduces to: Units Available ϭ 100 ϫ Margin Available/Margin Percent Cross rates can be handled in the same fashion by simply manipulating the conversion rate. Note: Always decrease the units available ... Indonesia caused high volatility in their domestic currency, the Rupiah. From there, the contagion spread to other Asian emerging currencies, and then to Latin America, and i...