EFTA Document EFTA01393117

The principal risks of holders and writers of foreign currency options are discussed in Chapter X. Readers interested in buying or writing foreign currency options should not only read this chapter but should also care- fully read Chapter X. particularly the discussions under the headings "Risks of Option Holders," "Risks of Op- tion Buyers," "Other Risks," and "Special Risks of For- eign Currency Options." MARKET FOR FOREIGN CURRENCIES Understanding the risks inherent in foreign currency