Product Description

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.

Product Details

• Amazon Sales Rank: #17860 in Books
• Published on: 2007-10-26
• Original language: English
• Number of items: 1
• Binding: Paperback
• 360 pages

From the Back Cover
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

About the Author
Ann C. Logue is the author of Hedge Funds for Dummies (Wiley, 2006). She has written for Barron’s, The New York Times, Newsweek Japan, Wealth Manager, and the International Monetary Fund. She is a lecturer at the Liautaud Graduate School of Business at the University of Illinois at Chicago. Her current career follows 12 years of experience as an investment analyst. She has a B.A. from Northwestern University and an M.B.A. from the University of Chicago at Illinois, and she holds the Chartered Financial Analyst (CFA) designation.

Customer Reviews

Dreadful US Specific Title
Beware wasting your money on this book unless you are american as it is written specifically for the US audience.

The content is so blindingly obvious it was at times embarrassing to read. If you think this book is helpful you should not be day-trading.