Trade currencies like a seasoned pro with this friendly, fact-filled guide to the forex market

Over $6 trillion changes hands in the foreign exchange market every day. You can jump straight into the action with expert guidance from the hands-on Currency Trading For Dummies. You'll learn how the foreign exchange market works, what factors influence currency values, and how to understand financial data. When you're ready to create your own game plan for trading currencies, you'll be able to build it around your investment objectives, experience level, and risk appetite. You'll also find details on the latest trends in currency trading, including currency ETFs, cryptocurrencies, and currency options.

From essential newcomer knowledge to advanced positioning advice, Currency Trading For Dummies offers straightforward instruction that helps you:

• Source data and market intelligence, employ technical analysis, and use the latest tech to find the most lucrative trading opportunities
• Understand the most recent Securities and Exchange Commission (SEC) rules and regulations governing currency trading
• Avoid common pitfalls and mistakes made by novice and experienced currency traders

• Recognize profitable opportunities in the world of ETFs, currency options, and cryptocurrencies

  Successful currency trading is within your grasp. This accessible roadmap to trading mastery provides the foundational knowledge you need to create a structured, winning strategy and conquer the forex market.

  Autorentext

  Paul Mladjenovic is a national speaker, a consultant, and the author of Stock Investing For Dummies, High-Level Investing For Dummies, and Investing in Gold and Silver For Dummies. He was a Certified Financial Planner during 1985-2021, and he was a financial and business educator for over 40 years. He is the CEO of RavingCapitalist.com.

  Klappentext

  Trade currencies like a veteran forex guru

  Do you want to get in on the $6 trillion of daily action on the forex market? In Currency Trading For Dummies, you'll find an everyman's guide to participating-and profiting-in the currency markets. Leave the confusing jargon behind and discover everything from essential advice for newcomers to advanced positioning techniques as you create a plan that's built around your objectives, experience level, and risk appetite. You'll also learn to recognize lucrative opportunities in alternatives to forex, like exchange-traded funds, options, and cryptocurrencies! Inside...

• **Understand currency rates
• Go around the world in a trading day
• Meet the main forex players
• Build a currency trading plan
• Use technical and fundamental data
• Check out major and minor currency pairs

• Look at forex alternatives**

  Inhalt

  Introduction 1

  Part 1: Getting Started with Currency Trading 7

  Chapter 1: Currency Trading 101 9

  Chapter 2: What Is the Forex Market? 19

  Chapter 3: Who Trades Currencies? Meet the Players 37

  Chapter 4: The Mechanics of Currency Trading 53

  Part 2: Data and Details You Can Use to Trade Currencies 79

  Chapter 5: Looking at the Big Picture 81

  Chapter 6: Cutting the Fog with Technical Analysis 109

  Chapter 7: Getting Down and Dirty with Fundamental Data 139

  Chapter 8: Getting to Know the Major Currency Pairs 165

  Chapter 9: Minor Currency Pairs and Cross-Currency Trading 189

  Part 3: Executing a Trading Plan 207

  Chapter 10: Pulling the Trigger 209

  Chapter 11: Managing the Trade 225

  Chapter 12: Tax Considerations 237

  Part 4: Forex Alternatives 253

  Chapter 13: Currency Exchange-Traded Funds 255

  Chapter 14: Currency Futures 269

  Chapter 15: Currency Options 283

  Chapter 16: Trading Cryptocurrencies 307

  Part 5: The Part of Tens 323

  Chapter 17: Ten Habits of Successful Currency Traders 325

  Chapter 18: Ten Rules of Risk Management 331

  Chapter 19: Ten Great Resources for Currency Trading 337

  Chapter 20: Ten (Or So) Golden Rules for Currency Trading Beginners 343

  Chapter 21: Ten Alternatives to Currencies 349

  Appendix: Trading Strategies 355

  Index 379