Money Bazaar: Inside the Trillion-Dollar World of Currency Trading Hardcover by Andrew Krieger [Hardcover][rare books]

Book Summary:

The Money Bazaar: Inside the Trillion-Dollar World of Currency Trading (1992) offers an insiders perspective on the global foreign exchange (forex) market, a vast and largely unregulated arena where trillions of dollars are traded daily. Authored by Andrew J. Krieger, a former currency trader at Salomon Brothers and Bankers Trust, the book delves into the dynamics of currency trading, highlighting how a select group of elite traders and institutions influence the value of national currencies.

Krieger provides an accessible overview of the forex market’s operations, emphasizing the role of supply and demand forces in determining currency values. He also discusses the historical evolution of the market, particularly after the United States abandoned the gold standard in 1971, leading to the emergence of the modern forex system. The book includes anecdotes from Krieger’s own trading experiences, offering insights into the strategies and risks involved in currency speculation.

While the book serves as a primer on the mechanics of currency trading, some critics note that it leans towards a factual recounting rather than providing in-depth personal narratives or analyses. Nonetheless, it remains a valuable resource for readers interested in understanding the complexities of the forex market and the factors influencing global economic stability.

About the Author:

Andrew J. Krieger is a former currency trader known for his significant contributions to the field of forex trading. He gained prominence during his tenure at Salomon Brothers and Bankers Trust, where he was involved in high-stakes currency transactions. Krieger’s expertise in the forex market and his firsthand experiences provide the foundation for The Money Bazaar, offering readers a rare glimpse into the world of currency trading from the perspective of an industry insider.