Day Trading For Dummies (For Dummies (Business & Personal Finance)) Day trading is undoubtedly the most exciting way to make money from home. It’s also the riskiest. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies—the low-risk way to find out whether day trading is for you.
This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and get you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you’ll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. Learn how to:
- Set up your accounts and your office
- Connect with research and trading services
- Plan and research trades carefully and thoroughly
- Comply with regulations issues and tax requirements
- Leverage limited capital
- Cope with the stress quick-action trading
- Sell short to profit from price drops
- Evaluate your day-trading performance
- Use technical and fundamental analysis
- Find entry and exit points
- Use short-term trading to establish a long-term portfolio
You’ll also find Top-Ten Lists of good reasons to go into day trading, or run from it in terror, as well as lists of the most common (and expensive) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative and rewarding career.
Customer Review: Not For Dummies —
I have a Mensa IQ - have traded equities for 15 years and found this book to be complex and difficult to read. It presumes a lot of things that puts this well outside the title ” For Dummies.” “Daytrading for Intermediate to Advanced Traders” would be more honest.
If you are looking for simple understanding of the day trading concept, look elsewhere. If you want an advanced text, this is probably a minimally fair choice.
Customer Review: More than for just Dummies
I received this book as a gift and, at first, I was skeptical. I spent 20 years working for investment banks starting as a runner on the floor and retiring as the head of a trading desk. “What,” I asked, “does this book have to teach me?”