Shared by:LiFit
Written by Callum Henderson
Format(s): PDF
Language: English
"It is the largest and most important financial market in the world. If you are in business or in
finance, it affects just about everything you do, whether you like it or not, whether you know it
or not. Along with the interest rate, it is the most important price of a free and open economy.
It is the fuel of economic trade and liberalization and without it globalization would never have
happened. It is also one of the least well understood markets outside of those who choose to
follow it in whatever capacity of their profession. It is variously described as the “currency” or
“foreign exchange” or “FX” market, and it can be maddening and frustrating, but if you are a
senior corporate officer or an institutional investor you are compelled to know what it is, how
it works and how it affects you."
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