Forex Books - page 99

 

Option Valuation: A First Course in Financial Mathematics by Hugo D. Junghenn : the book

Option Valuation: A First Course in Financial Mathematics provides a straightforward introduction to the mathematics and models used in the valuation of financial derivatives. It examines the principles of option pricing in detail via standard binomial and stochastic calculus models. Developing the requisite mathematical background as needed, the text presents an introduction to probability theory and stochastic calculus suitable for undergraduate students in mathematics, economics, and finance.

The first nine chapters of the book describe option valuation techniques in discrete time, focusing on the binomial model. The author shows how the binomial model offers a practical method for pricing options using relatively elementary mathematical tools. The binomial model also enables a clear, concrete exposition of fundamental principles of finance, such as arbitrage and hedging, without the distraction of complex mathematical constructs. The remaining chapters illustrate the theory in continuous time, with an emphasis on the more mathematically sophisticated Black-Scholes-Merton model.

Largely self-contained, this classroom-tested text offers a sound introduction to applied probability through a mathematical finance perspective. Numerous examples and exercises help students gain expertise with financial calculus methods and increase their general mathematical sophistication. The exercises range from routine applications to spreadsheet projects to the pricing of a variety of complex financial instruments. Hints and solutions to odd-numbered problems are given in an appendix and a full solutions manual is available for qualifying instructors.
 

Paskalis Glabadanidis, "Absence of Arbitrage Valuation" : the book

Theoretical finance has always recognized the power of the simple dominance argument in valuing bond prices, options, equity, and cash flow. Yet what remains unclear is how far a simple dominance framework, coupled with a minimum of equilibrium asset pricing theory, goes towards pricing assets and securities. Such a framework also extends to incomplete financial markets, which provides useful applications for using discounted cash flow valuation and absence of arbitrage valuation simultaneously. Absence of Arbitrage Valuation presents a unified asset pricing strategy through absence of arbitrage and applies this framework to such disparate fields as fixed income security pricing, foreign exchange spots, and forward rates. Glabadanidis argues that all valuation is relative and unique to the replicating portfolio argument from option pricing theory. This work reveals how absence of arbitrage valuation can be applied to bonds, international finance, and real options. Readers are also shown how this type of valuation can be applied to the pricing of new financial instruments, such as contingent convertible debt and weather derivatives.
 

Models at Work: A Practitioner's Guide to Risk Management (Global Financial Markets) by Jawwad Farid : the book

Risk Management's greatest failure has been its inability to simplify its factual presentation and connect with board and executive team members in a language that they can understand and relate to. By using simple well established tools, Models at Work takes readers through a journey that cuts across models, frameworks, practice, data, markets, countries and case studies.

A central theme of the book it is that we need sophistication in analysis, not complexity in modeling; that risk models don't work in isolation and for a risk function to be successful it needs to focus on presenting results that are understood by broader audiences, not just the mathematically inclined.

Models at Work addresses these challenges and will demonstrate:

• how to measure the impact of volatility using simple and incrementally complex tools.

• how to translate the impact to changes in business results under stressed conditions, looking toward the distribution of volatility and Monte Carlo simulations rather than static value at risk models.

• the multiple flavors of value at risk as well as additional portfolio metrics.

• how to link target accounts and risk policy and examine the impact of both on designing risk systems.

• Monte Carlo simulation in Excel for simulating commodity prices, projecting business P&L and analyzing hedge effectiveness.

• price swaps, vanilla and exotic options in Excel.

If you have been searching for market relevant, background material on risk that can be shared with board members and business line managers, with technology, implementation and audit teams, with new arrivals in the compliance function or even business school students, this book is for you. It fills in the missing context that kills conversations around risk management. How do you measure and manage risk? How do you link risk to business drivers? How does risk work outside the financial services industry? Why doesn't Value at Risk work?

Using lay person language and simple tools, Models at Work answers questions raised by risk management practitioners and students around the world and will become a valuable resource for both audiences.
 

Ravi Batra - Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy : the book

For two decades Federal Reserve Chairman Alan Greenspan has held reign over economic policy, outlasting three presidents. His long tenure has had a profound effect on global economics and on individuals. In this hard-hitting exposé, international bestselling author Ravi Batra takes sharp aim at Greenspan's policies since he came into power. Greenomics, Batra argues, has extracted trillions of dollars from the American middle class and sharply benefited the rich, while protecting big business. Batra proves that Greenomics has also been responsible for periods of irrational exuberance, and exposes the wild inconsistencies in his social security plans. Greenspan's Fraud explores Greenspan's influences and motivations and the discrepancies between his words and actions, while revealing how his policies have national and global impact.
 

Nathaniel Popper, "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money" :the book

A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.

Digital Gold is New York Times reporter Nathaniel Popper’s brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.

The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society’s most basic institutions.

An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement’s colorful central characters, including an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin’s elusive creator, Satoshi Nakamoto. Already, Bitcoin has led to untold riches for some, and prison terms for others.
 

Howard Abell, "Spread Trading: Low Risk Strategies for Profiting from Market Relationships" : the book

Spread Trading. It's exciting. Stimulating. Highly profitable. Yet - it remains a mystery to most traders. Despite the benefits offered by this dynamic hedge tool, many traders don't understand how to recognize relationships in the commodity and financial markets - and use them to enhance their trading performance.

Now, renowned market maker Howard Abell offers the definitive book on this exciting technique, outlining strategies for analyzing opportunities, tactics for implementation, and savvy advice on overcoming the psychological barriers that hold most spread traders back. Four easy-to-follow sections reveal exactly what it takes to trade based on the concept of differential - or the relationship between commodities or similar products - including …

1) Psychological factors that make for the most successful spreaders, and developing a strategic game plan for spreading success.

2) Technical analysis and spread trading - seasonal, cyclical and historical spread relationships to exploit, such as using spreads in the grain market to profit from summer drought.

3) Spread trading methods of the top market experts. Specific strategies that have proved successful by the specialists in various asset classes.

4) Every principle & benefit spread trading affords from discovering opportunities in seemingly dull markets to earning greater long-term profits with highly calculated risk.

Good spreaders are daring yet disciplined, focused yet flexible, well-prepared yet able to think on their feet - and Abell arms readers with the analytical and psychological skills required to be not just good, but great traders, as he outlines techniques for …

Trading to win, instead of trading not to lose

Building the inevitability of draw downs into your strategy

Identify the market signal, or "spread entry point"

And many more important tools for winning big by spreading trading.

With a foreword by the CBOT's chairman Patrick Arbor, this timely handbook will equip you to face head-on the challenge of spread trading in the real world.
 

An Introduction to Forex Trading - A Guide for Beginners By Matthew Driver : the book

Consistently a top-ten selling Forex title! 'An Introduction to Forex Trading - A Guide for Beginners' is a great reference book for anyone wanting to learn to trade the Forex (Foreign Exchange) Markets. It introduces a wide range of Forex trading topics, and condenses a wealth of trading knowledge into relatively short, easy to read sections. Includes useful examples, ideas and trading strategies. The book has been written with novice traders in mind, but would equally be ideal for anyone who has recently started trading and would like to increase their trading knowledge. Topics covered include: Forex Essentials; Analysing the Forex Market; Forex Charts; Technical Trading Techniques; Common Chart Patterns; Moving Averages; Indicators & Oscillators; Fibonacci; Trading Cycles; Advanced Chart Patterns; Time-frames; Trading Strategy; Carry Trades; and, Trading Systems. 'A great reference tool for anyone wanting to learn how to trade the Forex Markets' 'Just the right amount of information to get anyone started with Forex trading' 'A really useful Forex guide'
 

The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down by Peter D. Schiff : the book

Written by seasoned Wall Street prognosticator Peter Schiff–author of the bestselling book Crash Proof: How to Profit from the Coming Economic Collapse–The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.
 

Robert G. Hagstrom, "The Warren Buffett Way, 3rd Edition" : the book

Warren Buffett is the most famous investor of all time and one of today s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in–depth look at the innovative investment and business strategies behind Buffett s spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett.

New material includes:

How to think like a long–term investor just like Buffett

Why loss aversion , the tendency of most investors to overweight the pain of losing money, is one of the biggest obstacles that investors must overcome.

Why behaving rationally in the face of the ups and downs of the market has been the key to Buffett s investing success

Analysis of Buffett s recent acquisition of H.J. Heinz and his investment in IBM stock

The greatest challenge to emulating Buffett is not in the selection of the right stocks, Hagstrom writes, but in having the fortitude to stick with sound investments in the face of economic and market uncertainty. The new edition explains the psychological foundations of Buffett s approach, thus giving readers the best roadmap yet for mastering both the principles and behaviors that have made Buffett the greatest investor of our generation.
 

Silver Investor, "Silver Investing 101 (The Beginner's Guide to Easy, Fast and Cheap Investing in Silver)" : the book

Silver Investing 101 is all about giving you the know-how to properly invest in silver and do so in a variety of ways to best meet your goals and needs. It starts off with a look at history and why silver is poised for an unprecedented increase. Then we discuss the many different ways to invest in silver. All the do's and don'ts. How to get the best prices available and much more. While this book is aimed at beginner's there are some advanced tips you won't find in the majority of books out there. The truth is if you've never invested in silver before YOU NEED THIS BOOK! We'll show you the easiest, fastest and cheapest ways to get started so you're setup to gain with the coming silver price increases. But now is the time to act. A short glance at the Table of Contents will show you what this book is all about. PART 1 – History and the Many Uses of Silver History of Silver Fun Facts About Silver Silver as Money Silver's Many Uses Silver in Industry Silver in Electronics Silver in Computers Silver in Textiles Silver in Photography Silver in Mirrors and Optics Silver in Alternative Energy Silver in Medicine Silver in Jewelry Supply and Demand PART 2 – Investment Strategies and Tactics Buy and Hold (Long Term) The Richest Man in Babylon Different Ways to Invest in Silver What is Bullion? Silver Goods What to Look For What to Avoid Junk Silver Collector's Coins Small Denominations Know What You're Buying The Three Rules of Silver Bullion Investing Markups Resources to Buy Silver Online Shops Ebay Coin Shops Flea Market Private Owners Where to Store it? Hands Off Bullion Liquid But Not Too Liquid ETF's List of ETF's Short Term, Advanced Leverage & Short Opportunities Silver Mining Stocks List of Silver Mining Stocks Where is Silver Going? Silver Investing in 123 Also includes a Bonus Report: The New Junk Silver?
Reason: