Day Trading For Dummies^?

by Ann C. Logue

• ISBN13: 9780470255834
• ISBN10: 0470255838
• Format: eBook
• Copyright: 2008-02-01
• Publisher: For Dummies

Summary

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 portfolioYou'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.

Table of Contents

Introduction

Day Trading Fundamentals

Wake Up to Day Trading

Making a Day Trade of It

Signing Up for Asset Classes

Investing, Trading, and Gambling

Fun with Regulation

Day Trading Tools

Setting Up Your Accounts and Office

Research and Trading Services

Managing the Stress of the Markets

Managing Your Money and Positions

Taxes for Traders

But Did You Make Money? Evaluating Performance

Day Trading Strategies

Using Fundamental and Technical Analysis

Market Indicators and Day Trading Strategies

Short Selling and Leverage

The World of Arbitrage

Day Trading for Investors

The Part of Tens

Ten Good Reasons to Day Trade

Ten Good Reasons to Avoid Day Trading

Ten Common Day Trading Mistakes

Ten Alternatives to Day Trading

Appendix: Resources for Day Traders

Index

Table of Contents provided by Publisher. All Rights Reserved.