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Home > Business & Economics > Finance & Accounting > Day Trading For Dummies
Day Trading For Dummies
by Logue MBA, Ann C.
 
 
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Day Trading For Dummies
Are you thinking about day trading as a career? If you love the thrill of the markets, can handle the pressure of waiting for the right moment to buy and sell stocks, and you like taking risks, then Day Trading For Dummies is the guide for you!

Day Trading For Dummies explains the ins and outs of day trading—both online and through a brokerage house—and helps you determine if this quick-action, trading-for-income opportunity is right for you. You’ll discover how day trading works, what the pitfalls are, and what some of the alternatives are for your portfolio and for your career. This simple, straightforward guide presents a step-by-step plan of action for getting started, giving you the tools and strategies you need to:

  • Understand a “day in the life” of a day trader
  • Know the personality traits of a successful day trader
  • Learn about and sign up for asset classes
  • Weigh your risk tolerance
  • Plan and research your trades
  • Navigate the short-term markets
  • Raise capital and protect your principal investments
  • Comply with regulatory issues
  • Subscribe to research services
  • Use technical and fundamental analysis
  • Set up your home office to improve response times
  • Know when to hold onto a trade and when to exit
  • Use day trading to expand your investment options

Complete with sample trading plans, a list of ten common day trading mistakes and how to avoid them, and solid advice on handling stress and keeping your emotions in check, Day Trading For Dummies gets you on the path to becoming a great day trader!



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Title of ebook: Day Trading For Dummies
ISBN: 9780470255834
parent-ISBN: 9780470171493
Publisher: For Dummies
Internet download file size: 6977 kb
Pages: 360
Published: 10-2007
Released online for download: 10-16-2007
Author of eBook: Logue MBA, Ann C.
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Day Trading For Dummies


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 the stocks, options, and futures contracts they own at the end of the day, some of the risks are limited. Each day is a new ... read full excerpt from Day Trading For Dummies ebook



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