作为资产类型的货币

Currencies as an asset class

这个由五部分构成的系列讨论了外汇交易和它带给中国国内银行及其客户的获利机会。本文是这个系列中的第二部分,分析了相对于其他资产类型(尤其是股票),货币在更具吸引力的风险/回报关系下提供优越投资回报的潜力,并讨论了为成功达到这一目的所需要的外汇交易策略模块。

This article is the second in a five part series addressing FX trading, and the profit opportunities it presents domestic Chinese banks and their clients. This piece both discusses the potential of currencies to deliver superior investment returns with a more attractive risk/ reward profile than other asset classes, particularly equities, and it also examines the building blocks of a successful FX trading strategy to execute this goal.