Forex Books - page 59

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Theory and Reality in Financial Economics: Essays Toward a New Political Finance : the book

The current literature on financial economics is dominated by neoclassical dogma and, supposedly, the notion of value-neutrality. However, the failure of neoclassical economics to deal with real financial phenomena suggests that this might be too simplistic of an approach. This book consists of a collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections.
 

Van Tharp - Position Sizing Workshop :

V-Po_S-g_Wo.part1.rar

V-Po_S-g_Wo.part2.rar

V-Po_S-g_Wo.part3.rar

Position sizing ™ techniques when used properly can make all the difference in the world to your trading results. Position Sizing is recognized far and wide as a critical component of successful trading.

Now you can learn, in detail, the position sizing strategies used by top traders around the world.

Dr. Tharp’s Position Sizing DVD package contains two DVDs, over two hours of material, in which Van K. Tharp teaches this complicated subject matter in clear, easy-to-understand terms.

Position Sizing DVD TwoYou will learn the key position sizing and expectancy secrets that the experts know.

In addition to lecture material in this DVD series you will play Dr. Tharp's world-renowned "Marble Game," a trading simulation designed to test your skills. And, see how position sizing applies to real life situations.

You will learn how optimal position sizing can make a big difference in the performance of your system and how to meet your objectives through position sizing techniques. Finally, you will learn advanced techniques and how to apply them.
 

Hi everyone

Any basic advice for a beginner

Regards

 

Thierry Foucault, Marco Pagano and Ailsa Roell, "Market Liquidity: Theory, Evidence, and Policy" : the book

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a more accurate and authoritative take on liquidity and price discovery. The authors start from the assumption that not everyone is present at all times simultaneously on the market, and that even the limited number of participants who are have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. This book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated. The authors draw on a vast body of theoretical insights and empirical findings on security price formation that have accumulated in the last thirty years, and have come to form a well-defined field within financial economics known as 'market microstructure.' Focusing on liquidity and price discovery, they analyze the tension between the two, pointing out that when price-relevant information reaches the market through trading pressure rather than through a public announcement, liquidity suffers. The book also confronts many puzzling phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time, why large trades move prices up or down, and why these price changes are subsequently reversed, why we see concentration of securities trading, why some traders willingly disclose their intended trades while others hide them, and why we observe temporary deviations from arbitrage prices.
 

Hidden Markov Models in Finance: Further Developments and Applications, Volume II by Rogemar S. Mamon and Robert J. Elliott : the book

Since the groundbreaking research of Harry Markowitz into the application of operations research to the optimization of investment portfolios, finance has been one of the most important areas of application of operations research. The use of hidden Markov models (HMMs) has become one of the hottest areas of research for such applications to finance.

This handbook offers systemic applications of different methodologies that have been used for decision making solutions to the financial problems of global markets. As the follow-up to the authors’ Hidden Markov Models in Finance (2007), this offers the latest research developments and applications of HMMs to finance and other related fields. Amongst the fields of quantitative finance and actuarial science that will be covered are: interest rate theory, fixed-income instruments, currency market, annuity and insurance policies with option-embedded features, investment strategies, commodity markets, energy, high-frequency trading, credit risk, numerical algorithms, financial econometrics and operational risk.

Hidden Markov Models in Finance: Further Developments and Applications, Volume II presents recent applications and case studies in finance and showcases the formulation of emerging potential applications of new research over the book’s 11 chapters. This will benefit not only researchers in financial modeling, but also others in fields such as engineering, the physical sciences and social sciences. Ultimately the handbook should prove to be a valuable resource to dynamic researchers interested in taking full advantage of the power and versatility of HMMs in accurately and efficiently capturing many of the processes in the financial market.
 

Michael Gross, James Cordier, "The Complete Guide to Option Selling, 2nd Edition" : the book

The growing popularity of selling options is undeniable, yet it remains one of the least understood concepts in the trading world. This clear and engaging guide helps you enter the market with the confidence you need and generate profits with a consistency that may surprise you. Now in its second edition, The Complete Guide to Option Selling is the only book that explores selling options exclusively. Since its original publication in 2004, much has changed in the world of options, and the authors have provided key updates to help you take advantage of these changes. You'll find all the information you'll need to start writing options profitably in equities, stock indexes, and commodities and maximize your returns, minimize your risk, and even manage "black swan" events.

With more than 38 years combined experience in options trading, the authors explain:

• Basic mechanics of how professionals sell time premium

• The misunderstood subject of margins on short options

• Myths about option writing— and why they still circulate

• Key factors to consider when building an optionselling portfolio

• How to control risk—the right way

• Effective, time-tested strategies for selling premium

• Common mistakes beginners make and how to avoid them

Option selling provides a high probability of success that is difficult, if not impossible, toachieve in any other investment. The Complete Guide to Option Selling illustrates how to take full advantage of this unique approach and make it a profitable, high-yield component of your overall portfolio. Don't listen to the popular myth that option selling is only for professionals. The secret is out, and individual investors can now run with it. Read The Complete Guide to Option Selling and learn how you can level the playing field with the big guys. It's a lot easier than you may think.
 

A Guide to Fund Management by Daniel Broby : Keep2Share.cc - View File

The fund management industry performs the professional management and administration of investment assets on behalf of its clients. The terms fund or asset management are used to refer to the management of all forms of institutional investment, as well as the collective management of the wealth of private individuals.

As a result, it is a large and important financial industry segment. In 2010, the industry had some US$62 trillion of assets under management, generating fee revenue of over US$500bn.

In order to capture the revenue opportunity senior officers in fund management companies have to apply best practice and understand operational issues. This is not as easy as it sounds. They have numerous calls on their time and their core focus should always be investment performance. It was to address the resultant time optimisation dilemma that this guide was compiled.

This book gathers together accepted industry best practice, structure, operations and procedures. As a result, readers can spend less time rummaging through industry white papers and more time on the strategic direction of the firm.

The guide is up to date, which is something that immediately makes it more relevant than the multitude of papers and operational notes that senior management is confronted with. It aims to offer one stop shopping on how to run a firm, addressing such issues as:

1. The different approaches to fund management

2. Revenue models

3. Complex regulation

4. Legal structures

5. Best practices and how to implement them

6. Performance generation and persistence

7. Clear and concise operational descriptions and functions

8. How to make the firm client centric

9. Product development

10. The threat and opportunities from alternatives to mainstream asset management

In addressing these issues, this guide should assist directors, executive committee, finance committee, investment committee, asset managers, and consultants in effectively managing, monitoring, and evaluating the operations of a fund manager.

The guide is written in plain English, which should prove refreshing to those daunted by the regulatory overlay. In that way it should also help senior officers ensure compliance with fiduciary and prudent investor responsibilities. The guide can also be used as an educational tool.

The following pages set forth typical structures used by fund management firms to build their business. It is written in a way that will help senior management maintain the consistency of the investment processes, something which is necessary to produce good long-term performance and hence success.

 

Discrete-time Asset Pricing Models in Applied Stochastic Finance (ISTE) by P. C. G. Vassiliou : the book

Stochastic finance and financial engineering have been rapidly expanding fields of science over the past four decades, mainly due to the success of sophisticated quantitative methodologies in helping professionals manage financial risks. In recent years, we have witnessed a tremendous acceleration in research efforts aimed at better comprehending, modeling and hedging this kind of risk.

These two volumes aim to provide a foundation course on applied stochastic finance. They are designed for three groups of readers: firstly, students of various backgrounds seeking a core knowledge on the subject of stochastic finance; secondly financial analysts and practitioners in the investment, banking and insurance industries; and finally other professionals who are interested in learning advanced mathematical and stochastic methods, which are basic knowledge in many areas, through finance.

Volume 1 starts with the introduction of the basic financial instruments and the fundamental principles of financial modeling and arbitrage valuation of derivatives. Next, we use the discrete-time binomial model to introduce all relevant concepts. The mathematical simplicity of the binomial model also provides us with the opportunity to introduce and discuss in depth concepts such as conditional expectations and martingales in discrete time. However, we do not expand beyond the needs of the stochastic finance framework. Numerous examples, each highlighted and isolated from the text for easy reference and identification, are included.

The book concludes with the use of the binomial model to introduce interest rate models and the use of the Markov chain model to introduce credit risk. This volume is designed in such a way that, among other uses, makes it useful as an undergraduate course.
 

The Holy Grail Trading System by James Windsor : the book

Amazon's HOTTEST Forex Book for 2013

The true story of a 100% mechanical automated forex trading system that returned over 1000% inside 13 months turning 10,000 GBP to over 100,000 GBP

In 2005 I discovered what I believed was the ultimate financial trading system using the foreign exchange market ( known as the forex market )

To be the ultimate 'Holy Grail' foreign exchange trading system it would have the ability to automatically trade and have zero discretion with no technical analysis or reliance on technical indicators. In short, a 100% mechanical trading system in which the person using it does not matter, the result will be the same.

It would be a currency trading system that takes away the problems of trading psychology. It does not care if you are having a bad day, are on holiday, or if you have had an argument with your partner in the last hour. The trading entries, exits, trailing stops and risk management must have no user input whatsoever. All the user has to do is switch it on and wait.

The trading forums of the internet are full of people searching for this ultimate trading system. Thousands of traders every day search, test and simulate for hours using forex analysis looking for this 'golden egg' laying goose. Most believe that such a trading strategy does not exist nor ever has. This book is here to prove to you that such a trading system did exist and was discovered by a few home based forex traders just like you.

It can be found again.

Here is our question to you.

"What would you do if you found such a simple day trading system?" One that worked month after month? One that had proved itself not just for weeks or months, but for years?

  • How much would you risk?
  • How would you trade it?
  • How would your emotions handle such a 'guaranteed' trading system?

    • Well, Not only does this trading book tell the story of how the trading system was built, it also gives you the full trading system and strategy, for the very first time.

    The actual Forex trading methodology has remained a closely guarded secret for over 10 years!For the first time ever nothing is held back,

    Fully Disclosed...

    • Trade by trade entry levels
    • Trading timeframes
    • Trade exit levels
    • Optimum risk management strategy
    • Trailing stop settings
    • Full results and account screenshots

      • Could you be the next trader to find a Holy Grail system? The clues are all here.

      You Will Discover...

    • What changes you should be wary of when trading your forex strategies
    • What happens to your mind when all of your hard work comes together - the trading psychology
    • What happens when everything looks wrong
    • The true reason for a trading system failing (hint: it mostly isn't the system)

    Their very personal story unfolds within these pages, step by step and month by month, demonstrating how their discovery changed them forever. With full disclosure for the very first time this book shows every trade, every change, every high and every low of a Forex trading system called simply 'Grail'

    Who Should Buy This Book?

  • System traders
  • Foreign Exchange traders
  • Trading system developers
  • Home based retail traders
  • Those developing Forex autotrading strategies.

"An essential read for any student of the financial markets and a great insight into Forex trading"Mike - UK

"What can I say - a superb story encompassing greed, ambition, analytical thinking and sheer chutzpah. The lessons to be learned here are invaluable" Simon - UK

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
 

Aparna Gupta, "Risk Management and Simulation" : the book

The challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk. Simulation models and methodologies offer an effective way to address many of these problems and are easy for finance professionals to understand and use. Drawing on the author’s extensive teaching experience, this accessible book walks you through the concepts, models, and computational techniques.

How Simulation Models Can Help You Manage Risk More Effectively

Organized into four parts, the book begins with the concepts and framework for risk management. It then introduces the modeling and computational techniques for solving risk management problems, from model development, verification, and validation to designing simulation experiments and conducting appropriate output analysis. The third part of the book delves into specific issues of risk management in a range of risk types. These include market risk, equity risk, interest rate risk, commodity risk, currency risk, credit risk, liquidity risk, and strategic, business, and operational risks. The author also examines insurance as a mechanism for risk management and risk transfer. The final part of the book explores advanced concepts and techniques. The book contains extensive review questions and detailed quantitative or computational exercises in all chapters. Use of MATLAB® mathematical software is encouraged and suggestions for MATLAB functions are provided throughout.

Learn Step by Step, from Basic Concepts to More Complex Models

Packed with applied examples and exercises, this book builds from elementary models for risk to more sophisticated, dynamic models for risks that evolve over time. A comprehensive introduction to simulation modeling and analysis for risk management, it gives you the tools to better assess and manage the impact of risk in your organizations. The book can also serve as a support reference for readers preparing for CFA exams, GARP FRM exams, PRMIA PRM exams, and actuarial exams.
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