Day Trading For Dummies?

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Format: eBook
Pub. Date: 2008-02-01
Publisher(s): For Dummies
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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.

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