Trade currencies like a seasoned pro with this friendly, fact-filled guide to the forex marketOver $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 cryptocurrenciesSuccessful 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.

Introduction 1Part 1: Getting Started with Currency Trading 7Chapter 1: Currency Trading 101 9Chapter 2: What Is the Forex Market? 19Chapter 3: Who Trades Currencies? Meet the Players 37Chapter 4: The Mechanics of Currency Trading 53Part 2: Data and Details You Can Use to Trade Currencies 79Chapter 5: Looking at the Big Picture 81Chapter 6: Cutting the Fog with Technical Analysis 109Chapter 7: Getting Down and Dirty with Fundamental Data 139Chapter 8: Getting to Know the Major Currency Pairs 165Chapter 9: Minor Currency Pairs and Cross-Currency Trading 189Part 3: Executing a Trading Plan 207Chapter 10: Pulling the Trigger 209Chapter 11: Managing the Trade 225Chapter 12: Tax Considerations 237Part 4: Forex Alternatives 253Chapter 13: Currency Exchange-Traded Funds 255Chapter 14: Currency Futures 269Chapter 15: Currency Options 283Chapter 16: Trading Cryptocurrencies 307Part 5: The Part of Tens 323Chapter 17: Ten Habits of Successful Currency Traders 325Chapter 18: Ten Rules of Risk Management 331Chapter 19: Ten Great Resources for Currency Trading 337Chapter 20: Ten (Or So) Golden Rules for Currency Trading Beginners 343Chapter 21: Ten Alternatives to Currencies 349Appendix: Trading Strategies 355Index 379