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THE MONEY BAZAAR BY ANDREW KRIEGER

The foreign currency market, says currency trader Krieger, affects "every aspect of economic and social order in the U.S. and the other nations of the world." Its volume exceeds the combined trading of the New York, London, Frankfurt, and Tokyo stock exchanges, and it trades 24 hours a day around the world. It arose after the United States went off the gold standard in 1971 and has been affected by various agreements among the G-5 or G-7 nations. Nevertheless, it still plays by a quintessentially free market--supply and demand rule, government intervention being hopeless at this volume, as history has proved. Two hundred thousand traders all trying to maximize their own profits act like Adam Smith's invisible hand to produce world trade stability. Krieger's description of his own trades as case studies and his use of trading jargon makes this work somewhat more technical than the average popular business book.

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  • Seller location: Kaiapoi, Canterbury, NZ

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