Thomas Oberlechner – The Psychology of the Foreign Exchange Market

Thomas Oberlechner – The Psychology of the Foreign Exchange Market

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This book demystifies the foreign exchange market by focusing on the people who comprise it.  Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that is purely economic and rational has to be replaced by a more complex market psychology.

Forex Trading – Foreign Exchange Course

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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is value according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also  set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

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