Day Trading For Dummies

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.

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

Good book newbies, 2009-12-03
I bought this book hoping it would give at least a basic introduction to day trading. The book accomplished that. Loque goes over the basic needs of being a day trader. Emotional, financial and even office setups. She emphasizes that being a day trader is a business and one has to treat it as such. Not something that you do in your spare time from work or family responsibilities. The only thing I noticed is that she emphasizes having a good trading plan. I think she should have offer more examples of a trading plan and strategies. But she does offer at the end a lot of other resources to check out. If you are absolutely new to day trading this is a good book to start from.


1 of 2 people found the following review helpful:

Excellent for starter, 2009-10-10
This book is good for a person who is new to day trading. It provides an excellent start as an overview. Once you are more familiar with day trading, you will need more in-depth and advanced book.


1 of 1 people found the following review helpful:

A Good Book To Start Out With, 2009-07-29
As you probably know, daytrading can be a very good way to
earn a lot of money and also LOSE a lot of money. This book
is pretty good because it gives warnings both of those
categories. I recommend this book because after reading it
you will clearly know whether you are cut out to be a daytrader.
Very basic information, but very necessary information.


4 of 5 people found the following review helpful:

Everyone should read this before they get started, 2009-06-19
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 homework!

This book is not going to make you a day trader, in other words you're not going sit down after reading this book, open an account, and be a profitable trader. But what it will do is give you the ability to realize what you're getting yourself involved in on all different levels.

You'll see what kind of work is involved, what you need to start studying, what the work flow is, what the risks are, what lifestyle it is, and perhaps most vital, the psychological issues you need to confront. That is extremely CRITICAL in my view for anyone to do prior to saying to yourself "I'm going to become a day trader". Logue's book is an excellent way to conduct the due diligence process that so many people neglect prior to opening an account.

Logue is not too optimistic or pessimistic, it is not one of those "Make millions trading online" or "Trading ruined my life" books. Most important, 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 big fan of - its easy to reference and get to what you need.

I think once you read this book, you'll have a good idea of what trading is like which will help you decide whether or not it is right for you. It also helps point you in the right direction as to how to get started. If more people did this in advance of opening an account, the statistics for failed day traders would no doubt be smaller.


3 of 3 people found the following review helpful:

Day Trading, 2009-04-11
I learned a lot about Day Trading after finishing reading this book. I did not play the stock market until I learned the rules of the game first. This book gave me the inside of how to position myself in learning all aspect of being a professional trader. Now I wake up every morning knowing what report to read first and how to play a good game for that day. I recommend this book!

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