Volatility Position Risk Management by Cynthia Kase
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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 valued 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 be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Cynthia Kase, president of Kase and Co., Cta, is considered by many to be the energy market’s premier technical analyst and hedging advisor. Educated as an engineer, she worked as a trader and risk manager for Chevron, Chemical Bank, and the Saudi Oil Ministry’s consulting arm, Petronal, before launching her company in 1992, which primarily focuses on providing trading and hedging strategies, software and solutions to the energy market, but also offers a trading toolbox, StatWare, on a range of trading platforms. She has been the winner of the Market Technicians Association’s Best of the Best Award, 1997, received the Key Women in Energy Award twice, first in 2002 for Vision and in 2004 for Innovation and Creativity, and in 2007 became the first American to be awarded the coveted Master of Technical Financial Analysis diploma from the International Federation of Technical Analysts.
Stocks & Commodities Editor Jayanthi Gopalakrishnan interviewed Kase on November 1, 2008.
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