Day Trading for Dummies (Paperback)

Author: Consumer DummiesManufactured By: Consumer Dummies
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Product Summary
Format: Paperback
ISBN: 9780470171493
Publisher: FOR DUMMIES
Publish Date: 11/12/2007
Buy.com Sku: 204700138
Item#: RQ2XDM
Buy.com Sales Rank: 65167
Dimensions (in Inches) 9H x 7.25L x 0.75T
Pages: 360
 
Features sample trading plans

Know the markets, gain confidence, and buy and sell like the pros

Want to succeed as a day trader? This plain-English guide shows you how day trading works, identifies the all-too-numerous pitfalls, and gives you a step-by-step action plan to get started. From classic and renegade strategies to the nitty-gritty daily practices, you'll see how to keep a cool head and manage risk while you buy and sell your positions.

Discover how to:

Set up your accounts and your office

Plan and research trades

Comply with regulatory issues

Leverage limited capital

Profit from price drops

Make better portfolio decisions
 
 
 

Read A Chapter

Chapter One

Wake Up to Day Trading

In This Chapter

* Figuring out just what day traders do anyway

* Setting up a trading business

* Concentrating on a few assets, a few dollars at a time

* Knowing what it takes to be a successful trader

* Dispelling some of the myths of trading

Make money from the comfort of your home! Be your own boss! Beat the market with your own smarts! Build real wealth! Tempting, isn''t it? Day trading can be a great way to make money all on your own. It''s also a great way to lose a ton of money, all on your own. Are you cut out to take the risk?

Day trading is a crazy business. Traders work in front of their computer screens, reacting to blips, each of which represents real dollars. They make quick decisions, because their ability to make money depends on successfully executing a large number of trades that generate small profits. Because they close out their positions in t

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