Tuesday, June 4, 2013
An Introduction to International Capital Markets: Products, Strategies, Participants
An Introduction to International Capital Markets: Products, Strategies, Participants 2nd Edition PDF Download Ebook. Andrew M. Chisholm offers accessible and convenient one-volume introduction to international capital markets, ideal for those entering or planning to enter investment banking or asset management.
As well as serving as an invaluable reference tool for professionals already working in the industry looking to extend their knowledge base it will also benefit all those working in trading, sales and support roles. Describing how the key products and markets work, who the principle participants are and their overall goals and objectives, Andrew Chisholm provides a thorough overview of the global capital markets.
The book covers a wide range of equity, debt, foreign exchange and credit instruments as well as the principal derivative products. In a step-by-step fashion, making extensive use of real world cases and examples, it explains money markets, foreign exchange, bond markets, cash equity markets, equity valuation techniques, swaps, forwards, futures, credit derivatives, options, option risk management and convertible bonds.
An extensive glossary also explains concisely many of the 'jargon' expressions used in the financial markets. Boasting an international focus, examples are drawn from major international markets around the world. It makes extensive use of numerical examples and case studies to help explain a wide range of cash and derivative products used in the capital markets business.
It covers both debt and equity products and includes new material on credit products such as collateralized debt obligations and credit derivative structures; equity fundamental analysis, portfolio theory and convertible bonds. Market data has been fully updated from the first edition and recent events such as the 'credit crisis' are discussed.
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Bond and Money Markets: Strategy, Trading, Analysis
Bond and Money Markets: Strategy, Trading, Analysis PDF Download Ebook. Moorad Choudhry explains and analyses all aspects of the bond and money markets and is both an introduction for newcomers and an advanced text for experienced market practitioners and graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work.
Author has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work.
This book is aimed at a wide readership, from those with little or no previous understanding of or exposure to the bond markets to experienced practitioners. The subject matter is wide ranging and this makes the book useful for undergraduate and postgraduate students on finance or business courses. The second half of the book will be valuable for advanced level students and first-year researchers.
Undergraduate students are recommended to tackle the book after initially studying the principles of finance, however the basic concepts required (such as present and future value) are covered and serve to make a complete volume. While most of the mathematics assumes a knowledge of basic algebra, some of the contents, particularly in the chapters dealing with derivatives and fixed income analytics, will require slightly higher level mathematical ability.
It is not necessary to have degree-level or even A-level maths in order to understand the basic principles; however those with only elementary maths may find some of the chapters, particularly those on yield curve modelling, somewhat difficult. Complete beginners may wish to review first an elementary text on financial market mathematics. Nevertheless this book is intended to serve as a complete text, and takes readers from the first principles to advanced analysis. Note that by this we mean analysis of the bond and related derivatives markets; the budding rocket scientists among you may wish to consider books specifically concerned with say, option pricing, stochastic calculus or programme trading.
For students wishing to enter a career in the financial services industry this book has been written to provide sufficient knowledge and understanding to be useful in their first job and beyond, thus enabling anyone to hit the ground running. It is also hoped that the book remains useful as a reference handbook.
The book is primarily aimed at people who work in the markets, including front office, middle office and back office banking and fund management staff who are involved to some extent in fixed interest markets. This includes traders, salespersons, money markets dealers, fund managers, stockbrokers and research analysts. Others including corporate and local authority treasurers, risk management personnel and operations staff will also find the contents useful, as will professionals who work in structured finance and other market sectors, such as accountants, lawyers and corporate financiers.
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Bond Portfolio Investing and Risk Management, Vineer Bhansali
Bond Portfolio Investing and Risk Management PDF Download Ebook. Vineer Bhansali helps you build portfolios to add value through every kind of economic cycle. Sharing his years of experience constructing robust, wellperforming portfolios that have navigated recurring crises, PIMCO portfolio manager Vineer Bhansali explores the various risk factors inherent in fixed income investments, including yield curve shifts, twists, liquidity, and evolving risk factors such as government policy.
Under an option-theory based riskand- return framework, you will gain intimate knowledge of the right valuation, investment, and risk management tools and confidently put them to use in practical portfolio construction. Basing his conclusions on his own expertise and the latest academic and practitioner research, Bhansali provides valuable insight into topics you would be hard-pressed to find elsewhere, such as option-based building blocks to valuation, measuring liquidity and stress risks.
Other topics include asset selection and risk factors, building state-of-the-art macro models, inefficiencies in the markets, cross-market relationships, forecasting returns and risks, measuring and managing tail risk. Author simplifies the concepts you need to understand--without making them simplistic. It offers the newest research-based frameworks for approaching the risks with the greatest likelihood to pay off and walking away from those that won't.
While state of the art in its content, the book emphasizes a commonsense approach that has weathered the test of time and market volatility. From one of the most knowledgeable people in the business, this text may be the most thorough, up-to-date book you will find for constructing highly effective toolkits faster and better than ever before.
This book delves comprehensively, but intuitively, into the various risk factors and delivers the tools to understand, measure, control, and take advantage of risk premiums in practical fixed income investing. As the financial crisis has made all too clear, this book's unifying treatment of risk and return is essential for all bond investors.
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Sunday, June 2, 2013
Come Into My Trading Room: A Complete Guide to Trading
Come Into My Trading Room: A Complete Guide to Trading PDF Download Ebook. Alexander Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.
This book educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. It reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization—with the goal of turning anyone into a complete and successful trader.
By showing traders how to combine the elements of mind, method, and money, this book gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to this book again.
Author teaches the three key aspects of trading-Mind, Method, and Money. First, you see that the key to winning is in your mind-discipline. Then you learn how to find the best trades and make the most efficient entry and exit decisions. Dr. Elder shares his favorite analytic tools and covers system testing, day-trading, as well as longer-term swing trading, his new Impulse trading system, and a new SafeZone method for placing stops. These methods will allow you to trade with a high level of confidence in any market-stocks, futures, options, or currencies.
Moving beyond technical analysis, Dr. Elder teaches you the rules of money management that are essential for your survival and success. He shows how to structure your account like a submarine, divided into many compartments, so that it won't sink if one section becomes flooded. The next section of this comprehensive trading guide takes you where no trading book has ever gone before. It teaches you how to organize your time and effort.
You learn to select markets and design a decision-making tree. Good records help you learn from your experiences and rise to a higher level of expertise. Dr. Elder clearly outlines four types of records-three of them looking back and one looking forward-that are essential for any serious trader.
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Diary of a Professional Commodity Trader by Peter L. Brandt
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading PDF Download Ebook. Peter L. Brandt offers a real-time, play-by-play account of Brandt's trading activities—the good, the bad, and the ugly—during his 21-week journey, and provides valuable insights into market analysis, trade identification and selection, and risk management.
This text highlights the basic building blocks of the author's Factor Trading Plan and examines how his plan continues to evolve with the markets. It emphasizes the central role risk management plays in market speculation—an even more important role than market analysis or trade selection. Author reveals trading as a fundamental battle to overcome your basic human emotions.
Becoming a consistently successful trader is a tough job. It's a craft that requires extensive knowledge of the markets—involving a whole lot more than just finding the next great trading opportunity—and a process that addresses many aspects of both the market's, and your own, behavior.
Nobody understands this better than author and longtime trader Peter Brandt. During his thirty-plus years in this field, he has made every mistake possible and learned some major lessons along the way. He also developed a set of guidelines, rules, and practices—which he refers to as the Factor Trading Plan—that direct his trading decisions.
Author shares the experiences he has gained trading price charts over the years, and through a real-time journal—which spans an arbitrary time frame of 21 weeks (from December 2009 to April 2010)—skillfully shows how he goes about the difficult endeavor of trading the commodity and forex markets using classical charting principles.
Divided into four comprehensive parts, this personal and unique guide clearly reveals the uncertainty and emotions that surround trading and details an effective approach towards speculation that will give you an edge.
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Trading with Intermarket Analysis Enhanced Edition, John Murphy
Trading with Intermarket Analysis Enhanced Edition: A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds PDF Download Ebook. John J. Murphy provides advice on trend following, chart patterns, moving averages, oscillators, spotting tops and bottoms, using exchange-traded funds, tracking market sectors, and the new world of intermarket relationships, all presented in a highly visual way.
Author gives readers a visually rich introduction to the world of intermarket analysis, the ultimate tool for beating the markets. He provides practical advice on trend following, chart patterns, moving averages, oscillators, spotting tops and bottoms, using exchange-traded funds, tracking market sectors, and intermarket relationships.
This book includes appendices on Japanese candlesticks and point-and-figure charting. Enhanced edition includes exclusive instructional videos with author John Murphy as well as expandable charts and other interactive features. Comprehensive and easy-to-use, this text presents the most important concepts related to using exchange-traded funds to beat the markets in a visually accessible format.
This text offers visual guide to market trading using intermarket analysis and exchange-traded funds. With global markets and asset classes growing even more interconnected, intermarket analysis—the analysis of related asset classes or financial markets to determine their strengths and weaknesses—has become an essential part of any trader's due diligence.
In this book, author lays out the technical and intermarket tools needed to understand global markets and illustrates how they help traders profit in volatile climates using exchange-traded funds. Armed with knowledge of how economic forces impact various markets and financial sectors, investors and traders can profit by exploiting opportunities in markets about to rise and avoiding those poised to fall.
Drawing on his vast experience as both an educator and an expert trader, John Murphy explains what he calls the "new normal" in intermarket relationships that exists as we enter the second decade of the new century. Through a combination of sound economic principles and striking color graphic illustrations, he reveals what those "new normal" relationships are and how you can take advantage of them. In addition, Murphy shows how intermarket analysis plays an important role in asset allocation and sector rotation strategies, both of which are tied to the business cycle, and details how exchange-traded funds (ETFs) have greatly facilitated the application of intermarket strategies.
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