Market Microstructure and the Profitability of Currency Trading
نویسندگان
چکیده
منابع مشابه
Market Microstructure and the Profitability of Currency Trading
Currency trading is a vast and highly profitable business. This review examines the profitability of two popular currency trading strategies in light of currency-market microstructure research. The carry-trade strategy involves borrowing a low-interest currency and investing the proceeds in a high-interest currency. Technical trading strategies are determined exclusively on the basis of past as...
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ژورنال
عنوان ژورنال: Annual Review of Financial Economics
سال: 2012
ISSN: 1941-1367,1941-1375
DOI: 10.1146/annurev-financial-110311-101726