Day Trading For Dummies, 3rd Edition

• 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