Portfelio sprendimai valiutų kursų ir kapitalo rinkose

Abstract

In the paper tentative results of the research for decision-making in exchange and capital markets are described. The object of the research was decisionmaking management in exchange and capital markets. Creation and utilization of the system of trading in currency exchange rates and stocks relies only on historical trading data and allows creating trading strategies, which assure positive trading results with desirable guarantee. The authors rely on historical trading data in global market of exchange rates (FOREX) and several capital markets among them New York Stock Exhange (NYSE), Milan Exchange etc. Integral decision- managing effect usualy is reached by forming and managing investment or trading portfolios in capital or exchange markets. The final aim of a given decision- managing system is decisions on the portfolio made in exchange rate and capital markets. Decisions, admitted in exchange rates and capital markets are described in the paper. Preparations of a managing system can be assumed as they consist of three stages: determination stage of systems main parameters for a portfolio decision in exchange rates and stock markets; portfolio decision system information supply stage; portfolio decision finding stage.