The Currency Exchange for Beginners

Financial markets have developed considerably in recent years. They now play a predominant role in the contemporary economy. They have become indispensable for the efficient allocation of resources in time and space. This book on financial markets is divided into three parts. The first part details the main financial instruments available to investors and companies. Alongside traditional assets (shares, futures, bonds, options, swaps, debt securities), innovative stock market products such as CFDs are presented. The second part is dedicated to the microstructure of financial markets. It is a guide to stock market trading for anyone wishing to invest. It describes the organization of transactions, specifies the most recent regulatory aspects and develops the construction of stock market indices. The third part is an introduction to portfolio management. It highlights the two fundamental pillars of modern portfolio theory, namely profitability and risk.