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- Brooks' Foreign Exchange Text Book
Brooks' Foreign Exchange Text Book
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Excerpt from Brooks' Foreign Exchange Text Book: An Elementary Treatise on Foreign Exchange and the Monetary Systems of the World, For the Instruction and Use of the Banker, Exporter, Importer, Tourist and Particularly for the Scholar and Student
No doubt many who have become interested in the science of foreign exchange are somewhat discouraged as well as surprised to find so few text-books treating of this science which are of value to the beginner. The few books obtainable upon this subject are either too far advanced for the student or are of such a character as to require too close study to be readily comprehended. While the theory of foreign exchange is quite clearly defined in a number of works upon the subject, the use of technical terms, the absence of proper illustrations or the inability of the writers to impart knowledge has made it difficult for the beginner to understand the various processes through which the results were obtained, and as a result many students have become discouraged at trying to master what seemed to them insurmountable problems, too intricate to be overcome.
In presenting this publication the writer has invariably kept in mind the importance of explaining, in simple language, the essential principles of the science and where there seemed any doubt of the clearness of the statements, to supplement same with complete illustrations.
While practical experience is necessary in the more intricate operations in foreign exchange transactions, students and junior employes of banks and mercantile houses should experience no difficulty, with well directed study and application, in fitting themselves for lucrative positions in the foreign departments of city banks and mercantile institutions.
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