|About the Book|
Day trading is undoubtedly the most exciting way to make money from home. Its 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 youll 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 officeConnect with research and trading servicesPlan and research trades carefully and thoroughlyComply with regulations issues and tax requirementsLeverage limited capitalCope with the stress quick-action tradingSell short to profit from price dropsEvaluate your day-trading performanceUse technical and fundamental analysisFind entry and exit pointsUse short-term trading to establish a long-term portfolioYoull 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.