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Day trading is undoubtedly the most exciting way to make money from home. It's also the riskiest. Before you start, 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-copious pitfalls, and get you ongoing with an action plot. From classic and rebel 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 straight away as you buy and sell your positions. Learn how to: - Set up your accounts and your office
- Connect with investigate and trading air force
- Plot and investigate trades carefully and thoroughly
- Comply with regulations issues and tax equipment
- Control top secret capital
- Cope with the stress quick-action trading
- Sell small to profit from price drops
- Evaluate your day-trading performance
- Use technical and fundamental analysis
- Find entry and exit points
- Use small-term trading to establish a long-term choice
You'll also find Top-Ten Lists of excellent reasons to go into day trading, or run from it in terror, as well as lists of the most common (and pricey) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to make it in this gripping, lucrative and rewarding career.
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 More than for just Dummies |
| Review Date: December 4, 2007 |
| Assessor: Donald Padou, Washington, DC United States |
I received this book as a gift and, at first, I was disbelieving. I spent 20 years working for investment banks early as a runner on the floor and retiring as the head of a trading desk. "What," I questioned, "does this book have to teach me?"
Ah, beware of hubris! I was pleasantly bowled over at what I cultured. The book has a excellent initiation to how to obtain the sorts of information that a real day trader will need, but is best on the emotional. Emotions are nearly 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 ongoing my own firm. This was before day trading was even technically doable and the firm was in the options pits. I got on the emotional roller coaster: on excellent days it was "Come on Honey, its steak dinner time!" On terrible days I tried to save money by rationing toothpaste. It all finished in tears.
This is all by way of stressing the role emotions play in successfully trading the market. This book discusses strategies in fact employed by some of the best traders on Wall Street and the book is worth looking into for that alone.
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Fantastic for beginners
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| Review Date: July 21, 2008 |
| Assessor: Phil P, Apple Valley, MN United States |
| This book has been fantastic for me amplification 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 meticulous book but more of "what this means and what that means". Exact for dummmies! |
Everyone should read this before they get ongoing
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| Review Date: June 19, 2009 |
| Assessor: GeorgeS, |
Despite the "For Dummies" title, this book is not for dummies but for smart people who want to avoid the mistake most dummies make - not doing your investigate!
This book is not going to make you a day trader, in other words you're not going sit down after conception this book, open an account, and be a profitable trader. But what it will do is give you the skill to realize what you're getting physically caught up in on all different levels.
You'll see what kind of work is caught up, what you need to start studying, what the work flow is, what the risks are, what lifestyle it is, and I don't know most vital, the psychological issues you need to confront. That is exceptionally CRITICAL in my view for anyone to do prior to saying to physically "I'm going to become a day trader". Logue's book is an exceptional way to conduct the due diligence administer that so many people neglect prior to notch an account.
Logue is not too optimistic or gloomy, it is not one of those "Make millions trading online" or "Trading ruined my life" books. Most vital, it stresses that trading is a business, an entrepreneurial venture, and needs to always be treated as such. I also give props to the traditional "For Dummies" layout, which I'm a huge fan of - its simple to allusion and get to what you need.
I reckon once you read this book, you'll have a excellent thought of what trading is like which will help you choose whether or not it is right for you. It also helps point you in the right direction as to how to get ongoing. If more people did this in advance of notch an account, the statistics for failed day traders would no doubt be less vital. |
Very Informative
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| Review Date: September 25, 2008 |
| Assessor: A. J. Hedstrom, Georgia |
| Very excellent book, informative, the right level of detail, well written, simple to ready, a excellent early book to learn about day trading. |
Day trading
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| Review Date: June 12, 2010 |
| Assessor: S. Berman, |
| this book was exceptional...it helped me realize this was a profession that just was not for me...saving me countless dollars in mistakes and inefficiencies...it trully paid for itself |
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