Forex Trading Books | Ebooks Part One
Author: Mark Coppejans and Ian Domowitz
Summery: Mark Coppejans and Ian Domowitz expose forex screen information, trader activity, and bid-ask spreads in a limit order market in this book.
Author: Massimo Massa and Andrei Simonov
Summery: Massimo Massa and Andrei Simonov presents Strategic experimentation in a dealership market in their book.
Author: Hee-Joon Ahna, Kee-Hong Baeb and Kalok Chan
Summery: The writers investigate the role of limit orders in the liquidity provision in the Hong Kong stock market, which is based on a computerized limit-order trading system. Consistent with Handa and Schwartz (1996), results show that market depth rises subsequent to an increase in transitory volatility, and transitory volatility declines subsequent to an increase in market depth. We also examine how transitory volatility affects the mix between limit orders and market orders. When transitory volatility arises from the ask (bid) side, investors will submit more limit sell (buy) orders than market sell (buy) orders. This result is consistent with the existence of limit-order traders who enter the market and place orders when liquidity is needed.
Author: Edwin Lefevre
Summery: This book is one of the popular financial trading book among the forex trader. The writer elaborately discuss about financial trading.
Author: Jayanthi Gopalakrishnan
Summery: Jayanthi Gopalakrishnan discuss here market profile basics. He elaborately discuss about market profile Basics.
Author: Puneet Handa, Robert Schwartz and Ashish Tiwari
Summery: This paper models quote setting and price formation in a non-intermediated, order driven market where trading occurs because investors differ in their share valuations and the advent of news that is not common knowledge, and tests the model using transaction data on individual stocks in the ParisBourse CAC40 index. As an extension of Foucault (1999), we show that the size of the spread is a function of the differences in valuation among investors and of adverse selection. Both GMM estimation of the model parameters and empirical evidence on spread behavior as the relative proportion of buyers and sellers in the market changes, provide strong support for the model. Our analysis yields further insight into the dynamic process of price formation and into the market clearing process in an order driven market.