Adjacent: Macro & Assets · Adjacent
FX Markets
The world's largest market: how currency pairs are quoted, who trades and why, what moves exchange rates, forwards and covered interest parity, carry trades and their unwinds, and how FX hits portfolios and companies.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Rates basics; Inflation (Polymath Core). Next: Commodities. Sources: BIS Triennial Survey, Federal Reserve Bank of New York's FX primer, Jacob Clifford (AP Macro).Not investment advice. Education only; these instruments can lose money quickly.
Next: 1. Structure