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How currency hedging changes an international investment
Separate an international asset’s local return from its currency effect, then understand the benefits, costs and limits of a hedge.
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Forex Explained
Understand currencies, connect economic evidence and build a disciplined research process. Follow six learning stages from the first exchange rate to portfolio applications.
Start with What forex is and why currencies move, then follow the next lesson links. Explore 24 lessons with worked examples, exercises and further reading.
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Strategies & Portfolio Applications · All lessons
Strategies & Portfolio Applications
Explore hedging and strategy research, then complete your own currency research note.
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Carry trend and value strategies compared
Compare three broad currency research approaches by their economic idea, implementation assumptions and characteristic failure modes.
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How to evaluate a forex strategy backtest
Distinguish an attractive historical simulation from evidence that survives realistic costs, unavailable information and changes in market conditions.
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Your forex research capstone
Bring quotation, macro research, positioning and risk together in a concise currency research note that another reader can inspect and challenge.
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