List Price:$24.99 Buy New:$13.41 You Save: $11.58 (46%) Buy New/Used from $11.95
Avg. Customer Rating:(based on 5 reviews) Sales Rank: 20214 Category: Book
Author:Ann C. Logue Publisher:For Dummies Studio:For Dummies Manufacturer:For Dummies Label:For Dummies Languages: English (Original Language), English (Unknown), English (Published) Media: Paperback Number Of Items: 1 Pages: 360 Shipping Weight (lbs): 1.1 Dimensions (in): 9.1 x 7.4 x 1.1
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.
Customer Reviews:
Very Informative September 25, 2008 Very good book, informative, the right level of detail, well written, easy to ready, a good starting book to learn about day trading.
Misleading title... September 21, 2008 1 out of 6 found this review helpful
Should have been "Stock trading for dummies". Absolutely worthless book, if you are looking for specific day trading information. Full of regurgitated information about technical analysis and stock glossary, etc. Try `The Market Maker's Edge' by Josh Lukeman...
Great for beginners July 21, 2008 4 out of 4 found this review helpful
This book has been wonderful for me explaining the very basics of day trading! I would highly reconmend this book to anyone who wants to see what it's all about and how things work. It's obviously not meant to be a detailed book but more of "what this means and what that means". Perfect for dummmies!
Not For Dummies --- June 26, 2008 8 out of 12 found this review helpful
I have a Mensa IQ - have traded equities for 15 years and found this book to be complex and difficult to read. It presumes a lot of things that puts this well outside the title " For Dummies." "Daytrading for Intermediate to Advanced Traders" would be more honest. If you are looking for simple understanding of the day trading concept, look elsewhere. If you want an advanced text, this is probably a minimally fair choice.
More than for just Dummies December 4, 2007 58 out of 68 found this review helpful
I received this book as a gift and, at first, I was skeptical. I spent 20 years working for investment banks starting as a runner on the floor and retiring as the head of a trading desk. "What," I asked, "does this book have to teach me?"
Ah, beware of hubris! I was pleasantly surprised at what I learned. The book has a good introduction to how to obtain the sorts of information that a real day trader will need, but is best on the emotional. Emotions are almost always overlooked. I've seen lots of bright people rise to a certain point on a trading desk and then just implode because they couldn't handle the stress. And these were people working with other's money. It is even worse when it's your own dough on the line. The guy who practices day trading until he has his system all ready and then blows out a month after going live is very common.
Early in my career I started my own firm. This was before day trading was even technically possible and the firm was in the options pits. I got on the emotional roller coaster: on good days it was "Come on Honey, its steak dinner time!" On bad days I tried to save money by rationing toothpaste. It all ended in tears.
This is all by way of stressing the role emotions play in successfully trading the market. This book discusses strategies actually employed by some of the best traders on Wall Street and the book is worth looking into for that alone.
