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Day Trading For Dummies

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In an ever-changing market, get the advantage of trading for yourself Day trading is undoubtedly the most exciting way to make your own money. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies.
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'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions.
Expanded coverage of day trading resources and sites available Help choosing an online broker in the current market New trading products Updated information on SEC rules and regulations (and tax laws) New investment options Updated examples that reflect current market and economic conditions 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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516 printed pages

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Quotes

  • Erry Tejahas quoted6 years ago
    In three months, I will have spent $5,000 of my capital on a functional office and will have a tested trading strategy that works well in simulation.
    In six months, I will be trading daily. I will have lost no more than $5,000 of my trading capital.
    In nine months, I will be trading daily, and I will have more winning trades than losing trades.
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    • b2545616151has quoted8 years ago
      this equation, A is the advantage on each trade. That's the difference between the percentage of winning trades and the percentage of losing trades. In the expected return example discussed earlier, trades win 60 percent of the time and lose everything 40 percent of the time. In that case, the trader's advantage would be
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