A Manager''''''''s Guide to Knowing What the Numbers Really Mean 8 pot

... 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 financialcenters. This fact—that there ... 16 The End of Bretton Woods and the Advent of Floating Exchange Rates 17International Monetary Market 17Into the Millennium 18 Arrival of the Euro 18 The CFTC and the NFA 19Summary 20Chapter ... fundamental analysis and technical analysis. I explore the advantages and disadvantages of both schools in the chapters in thissection. I offer ideas on selecting from these trading tools to assemble...

... relative to another currency. There arean enormous number of correlations between all these factors and they arealmost certainly nonlinear in nature. That means they are constantly changingand ... United States, they may wish to buy some quantity of the USD and sell anequal quantity of the GBP to hedge their margins from a fall in the GBP. The speculator trades to make a profit by purchasing ... FOREXmarket 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 centralized exchange...

... charterrenewed but a separate quasi-private self-regulatory agency was created to implement the laws, rules, and regulations. Thus in 1 982 was born the National Futures Association (NFA). The NFA is the CFTC’s ... cer-tain capital and risk parameters. Brokers today are able to closelywatch customer accounts to prevent them from getting to the point ofrequiring a margin call. You can be assured that as a new ... 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 initial marginrequirement for the...

... reduces to: Units Available ϭ 100 ϫ Margin Available/Margin PercentCross rates can be handled in the same fashion by simply manipulating the conversion rate. Note: Always decrease the units available ... broker always subtracts the transaction cost at the moment the trade is initiated; therefore, transaction costs do not affect the above calculations.Calculating Units AvailableBefore initiating a ... 299central bank A government or quasi-governmental organization that manages a country’s monetary policy. For example, the U.S. central bank is the Federal Reserve,and the German central bank is the...