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Theory of Financial Risks by Jean-Philippe Bouchaud
Theory of Financial Risks by Jean-Philippe Bouchaud
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.
This book provides an overview of recent theoretical advances motivated by statistical physics in the description of probable financial market movements, as well as their application to derivative pricing and risk management. Massive amounts of data on financial markets are now accessible and processable, opening the door to new techniques where a systematic comparison between theories and actual facts is not only conceivable but also required. This book examines financial risk from a physicist’s perspective by contrasting theory and experiment. The authors examine the statistical analysis of real data, the empirical derivation of statistical laws, the concept of risk, the theory of the optimum portfolio, and the problem of derivatives after outlining significant results in probability theory (forward contracts, options). Risk managers, quantitative analysts working for financial institutions, physicists with an interest in finance, and graduate students studying mathematical finance will all find this book interesting.
Salepage : Theory of Financial Risks by Jean-Philippe Bouchaud
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