Courses Infomation

Nonparametric Function Estimation, Modeling and Simulation by James R.Thompson, Richard A.Tapia

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

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.

Topics emphasized in this book include nonparametric density estimation as an exploratory device plus the deeper models to which the exploratory analysis points, multi-dimensional data analysis, and analysis of remote sensing data, cancer progression, chaos theory, epidemiological modeling, and parallel based algorithms. New methods discussed are quick nonparametric density estimation based techniques for resampling and simulation based estimation techniques not requiring closed form solutions.

Review

‘For those who do not have a copy of Tapia and Thompson (1978), the new book is definitely worth buying. The original Tapia and Thompson material in Chapters 1-5 is something everyone interested in density estimation should read, and the new chapters are a nice bonus….The newer material by Thompson contains thought-provoking treatments of some important issues that hopefully will provide a similar stimulus for research in its subject matter areas.’ Randall L. Eubank, Journal of the American Statistical Association

‘The authors share their experience with those who wish to use exploratory devices, such as nonparametric density estimation, towards a better understanding of real world processes, which require several characterizing parameters and have multidimensional data outputs. The book is reasonably successful in its attempt to be a ‘road map’ to investigators trying to make sense of the multiparametic models and multidimensional data …The book makes for interesting reading and should help the reader avoid some of the false trails in analyzing multidimensional data, and perhaps spare the reader from repeating mistakes of the authors and others.’ E. F. Schuster, Mathematical Reviews

Book Description

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Nonparametric Function Estimation, Modeling and Simulation by James R.Thompson, Richard A.Tapia