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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:
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.
Auteur
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.
Texte du rabat
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...
Contenu
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