We have already published reviews of rather complex e-books concerning Forex trading before (see this mathematical scientific paper for example). The article introduced below is originating in physics or, more precisely, in econophysics.
Soloviev V. from Cherkasy National University and Saptsin V. from Kremenchug National University are trying to carry the philosophy of general relativity and
First, they introduce some of the basic physical notions and explain the philosophy behind them. Then, they discuss how these notions and concepts can be transferred to the field of economics. They draw analogies from the concept of mass, speed, energy, and the Planck constant. In the experimental part, they analyze three different groups, each of them consisting of three time series: gold, silver, and oil for commodities; USD/JPY, GBP/USD, and USD/CHF for currencies; S&P500, FTSE100, and BVSP for stocks. Daily values of the period from April 27, 1993, to March 31, 2010, are used. The authors calculate the "economic mass" of the time series, "economic temperature", and "economic Planck constant". Interestingly, their economic mass seems to be higher for the less volatile time series and lower for the more volatile ones. Their temperature parameter rises high during crises and stays low during normal times.
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