By Ann C. Logue

Product Description

Day trading is undoubtedly the most exciting way to make money from home. It’s also the riskiest. Before you begin, 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-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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From the Back Cover
Features sample trading plans

Know the markets, gain confidence, and buy and sell like the pros

Want to succeed as a day trader ? This plain-English guide shows you how day trading works, identifies the all-too-numerous pitfalls, and gives you a step-by-step action plan to get started. From classic and renegade strategies to the nitty-gritty daily practices, you’ll see how to keep a cool head and manage risk while you buy and sell your positions.

Discover how to:

• Set up your accounts and your office
• Plan and research trades
• Comply with regulatory issues
• Leverage limited capital
• Profit from price drops
• Make better portfolio decisions

About the Author
Ann C. Logue is the author of Hedge Funds for Dummies (Wiley, 2006). She has written for Barron’s , The New York Times , Newsweek Japan , Wealth Manager , and the International Monetary Fund. She is a lecturer at the Liautaud Graduate School of Business at the University of Illinois at Chicago. Her current career follows 12 years of experience as an investment analyst. She has a B.A. from Northwestern University and an M.B.A. from the University of Chicago at Illinois, and she holds the Chartered Financial Analyst (CFA) designation.

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Customer Reviews

Day Trading
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!

A good start
"Day Trading for Dummmies" gives the reader a very basic overview of the various stock markets and other financial instruments available for trading. It also discusses various aspects of technical analysis. Very clearly presented and useful information.

The only downside to the book is that the author constantly states that you should "pick a trading strategy and stick to it" but doesn’t give any guidance about legitimate strategies. There are a lot of cracked pots who have written books on trading strategies. A book like this, designed for introduction, should give you a little more information about where to go for the next step in your trading education.

Very Informative
Very good book, informative, the right level of detail, well written, easy to ready, a good starting book to learn about day trading.