Day Trading For Dummies

Get started with an action plan Avoid day-trading pitfalls Position yourself for trading success Start day trading today with this hands-on guide to mastering the markets This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and gets 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 need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. Understand day trading - discover the fundamentals of day trading, from what it is to how it works Start strategizing - get all the facts on the different strategies and research techniques day traders use to determine how and when to buy and sell their positions Pick up the tools of the trade - find out how to set up your office to improve your response times, choose the support services you need to research trades, and get through a treacherous trading day with your sanity intact Get down to the nitty gritty - grasp the day-to-day stuff that separates day trading from other types of trading, like paying taxes on your gains, measuring your daily trading performance, and much more Move beyond stocks - find out how to trade in commodities and derivatives, among other more exotic trades Open the book and find: Market indicators and day trading strategies Advice on how to manage money and your positions Key characteristics of successful day traders Guidance on understanding risk and return How to differentiate trading, investing, and gambling A look at rules and regulations Research techniques used in day trading Tips for managing stress in the trading day