The opportunities for unmatched returns and investment protection in the brave new world of foreign currency investing are second to none. In "Foreign Currency Trading", financial executives Russell Wasendorf, Sr., and Russell Wasendorf, Jr., describe foreign currency trading in plain terms, and help you understand the risks, benefits, and operational requirements that you will need to take advantage of this market's tremendous potential.Look to "Foreign Currency Trading" for clear explanations on the mechanics of foreign currency trading, in-depth discussion of all pertinent foreign exchange rules and regulations, and a comprehensive glossary with literally hundreds of terms essential to forex trading. With formerly imposing currency trading restrictions having been struck down in recent court rulings, the world of foreign currency trading is an exciting and rapidly-expanding field. Let Wasendorf and Wasendorf's "Foreign Currency Trading" be your comprehensive guidebook for effectively taking advantage of this exciting opportunity, not only as a source of unmatched income and profits, but also as a sophisticated hedging instrument in any investment portfolio.

Table of Contents

Understanding the Language of Foreign Currency Trading.What you Don't Know May Hurt You.Buy Low, Sell High--It's That Easy.Buyer Beware--Be Very Aware.Are You Qualified to Invest in Forex? A Little Preparation Goes a Long Way.If You Can't Manage Your Investment, Who Can? Multinational Corporation Derivative Hedging and Other Complex Topics Made Easy.The Sensitive Question of Risk, Risk, Risk.Appendices: A: Standard Foreign Exchange Agreement.B: Cash Currency Charts.C: S.W.I.F.T.Currency Codes.

About the Author

Russell R. Wasendorf, Sr., is Chairman and Chief Executive Officer of PFG, Inc., a futures commission merchant. He also heads Wasendorf & Associates, Inc., a research firm specializing in managed futures investment, and is President of Wasendorf & Son Company. Mr. Wasendorf has authored or co-authored four trading books, and since 1980 he has written and published the popular market letter Futures and Option Factors. He was the past Director of the Commodity Education Institute and Founder of the Center for Futures Education. Russell R. Wasendorf, Jr., a registered Commodity Trading Advisor, has been actively involved in the futures industry for over a decade. In 1991 he became a registered associated person and principal of PFG Inc., a futures commission merchant, and in June 1995 he formed PFX, Inc., a foreign currency (forex) trading and brokerage firm.