Table of Contents

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

About the Author

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.