Currency Trading For Dummies, 3rd Edition

Learn to:

• Understand how the market works
• Research the global forex markets
• Apply mobile and platform trading solutions
• Use tips and hints from professionals

Understand the foreign exchange market and benefit from it!

The forex market is fast, exciting, and potentially lucrative — if you know what you're doing. This hands-on, user-friendly guide shows you how the foreign exchange market works, who the players are, what influences currency values, how to interpret data and events, and what you need to know to develop a winning strategy. Read carefully before investing!

• Understand how it works — if you're new to currency trading, here's a plain-English explanation of how the forex market works, what moves it, and what newcomers need to know
• Things to think about — find out how your investment objectives, experience level, and risk appetite must be considered
• Tools of the trade — see how to find sources of data and market intelligence, take advantage of the latest technology, and use technical analysis to spot trade opportunities
• Read the market — learn to interpret economic data and official statements and gauge market psychology, sentiment, and positioning
• Make a game plan — get expert guidance on developing a structured strategy and a disciplined approach to currency trading

Open the book and find:

• Differences between the forex market and the stock market
• Pros and cons of currency trading
• Essential secrets of success
• Best ways to manage your exposure
• The latest SEC rules and tax laws
• Tips on doing research
• Risk management rules to live by
• Key characteristics of successful currency traders