Product Description

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!

Product Details

• Amazon Sales Rank: #44996 in Books
• Published on: 2007-10-26
• Number of items: 1
• Binding: Paperback
• 360 pages

Synopsis
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; and, 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.

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.