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If you use your computer frequently and you tend to go on holiday abroad almost every year, then you will probably be very familiar with the number of currency converters available online.

We don’t tend to think much about any of the world’s currencies until it’s time to go on holiday and visit the travel agent to get our money.
While we are all familiar with the more well known currencies, such as the US Dollar, the British Pound and the infamous Euro, there are plenty of other currencies being exchanged in countries all over the world right now – some of which you may not even have heard of.

The currency you have in your pocket at this very moment will depend on what country you are currently in. Whether you are on holiday or relaxing in the comfort of your own home, the coins and notes you have with you will be accorded a certain value – and that value can change remarkably just by crossing the border into another country.

The options segment of the foreign currency exchange market is a specific area of currency trading that many people find confusing. It is an integral part of any comprehensive currency trading discipline, however, so every trader should take the time necessary to thoroughly understand the concept and execution of currency options.

The Black-Scholes model for pricing options is well known as an influential part of the financial and investment world. It has been successfully applied to a wide range of options, including fixed income markets, equity markets, and equity index markets.

The broader area of overall economics related to currency options and exchange rates is a big subject to tackle, but one that Currency Options and Exchange Rate Economics handles with ease.

The practice of currency overlay is generally practiced by extremely large banks and corporations, but understanding what it is and why it is important are good things for all foreign currency exchange market traders to understand.

Trading in the foreign currency exchange market it easy; trading successfully and profitably is difficult. There is so much volatility and fluctuation in this enormous market that an individual trader can very quickly lose a great deal of money.

There are many books available that contain a great deal of information about trading on the foreign currency exchange market, most of which approach it from the standpoint of an individual investor trying to break into this potentially profitable area of investing.

The author, Jon Schiller, presents the underlying purpose of the book as helping individual traders, both novice and experienced, learn how to take a small amount of capital and generate significant growth.