Synopses & Reviews
When people think of stock trading, they often think of the glory days of the Internet, when stocks just kept going up and everyone seemed to be making a fortune. Since the bubble burst, many people are scared of investing in the stock market. Sure, stocks are risky—just like any other investment—but with the right knowledge and tactics, there’s still money to be made.
Trading For Dummies isn’t about high-risk, fast-paced day trading. It’s a simple, straightforward guide to the ins and outs of stock investing that offers a measured, level-headed approach to trading. You’ll learn the basics of portfolio management, measuring stock value, market analysis, and much more—all with a focus on risk reduction and steady profits. Inside you’ll learn how to:
- Understand market cycles
- Choose a great broker
- Master technical analysis
- Manage your risk exposure
- Build a balanced portfolio
This friendly guide presents the kind of honest advice you won’t find in the typical get-rich-quick books on trading. Full of practical tips and tactics—as well as hardnosed insider advice—this handy resource shows you how to build a strong, balanced, and profitable portfolio. Whether you want to save up for your retirement or pay for college, Trading For Dummies will show you how to:
- Prepare yourself with the right tools and information
- Develop your own custom trading strategy
- Analyze companies and stocks
- Understand all the exchanges and markets
- Understand broker fee structures
- Analyze market behavior
- Decipher income statements, balance sheets, and ratios
- Read charts and graphs
- Spot trends and profit from them
This book has all the tools and honest advice novice stock traders need to get set-up quickly and safely. Basic strategies and stock valuation methodologies let you control your risk exposure and make wise decisions. Trading For Dummies includes everything new traders need with advice on every type of stock or derivative, every kind of trade, and every popular strategy.
Synopsis
- About 10 million households make trading decisions in 25 to 30 million online brokerage accounts today, with an equal number or slightly more trading the old-fashioned way, via telephone and postal mail.
- According to Corridor Partners research, 4 million people are "frequent traders," making 15 to 25 stock trades per month and having incomes in the $55,000 to $75,000 range.
- The trading field supports several magazines (Futures; Active Trader; Stocks, Futures and Options, and Chartpoint). The paid readership of these magazines ranges from 40,000 to over 100,000.
- TradeStation Group, one of the most successful software developers, is a publicly traded company that claims over a million package sold. Worden Brothers, vendor of one of the major software packages (TC 2000), reports that its free seminars on technical analysis held in top cities around the U.S. have attracted 75,000 to 100,000 attendees per year in each of the past three years.
- The books that exist on trading are full of jargon and intimidating mathematical formulas and charts. The Dummies approach is much more accessible to lay readers.
Synopsis
The friendly, easy-to-understand guide to stock trading
Trading For Dummies presents practical, how-to guidelines on observing market behavior, identifying trends and patterns, and predicting future performance. Readers will discover how to develop strategies for when to buy and sell stocks, spot easy chart patterns, choose the right stock to trade, and develop a personal trading strategy. Readers will also find information on choosing a broker, using a trading center, and protecting their principal. Further sections provide advice on designing and keeping a trading log and using the Internet for research plus strategies and tips for swing and day trading. Trading For Dummies is an approachable, non-intimidating guide to finding stocks that move and trades that pay.
Michael Griffis (Winchester, VA) is a stockbroker who has helped businesses and individuals manage investments in stocks, bonds, mutual funds, retirement plans, 401(k) plans, and asset management programs. Lita Epstein (Coconut Creek, FL) designs and teaches online courses on topics such as investing for retirement, getting ready for tax time, and finance and investing for women. She is the author of Streetwise Retirement Planning and the coauthor of Teach Yourself Retirement Planning in 24 Hours.
Synopsis
Trading For Dummies,2nd Edition stresses the practice of position trading, conducting technical analysis on a company and its performance, and research methods that enable the trader to strategically select both an entry and exit point before a stock is even purchased.
Synopsis
Making informed trading decisions regardless of the market's condition
Savvy traders can make money in both up and down markets. Trading For Dummies, Second Edition is for investors at all levels who are looking for a clear guide to successfully trading stocks in any type of market. It is also for investors who have experience trading and who are looking for new, proven methods to enhance the profitability of their investments. This no-nonsense guide presents a proven system for analyzing stocks, trends, and indicators and setting a buy-and-sell range beforehand to decrease risk in any type of market. It stresses the practice of position trading, conducting technical analysis on a company and its performance, and research methods that enable the trader to strategically select both an entry and exit point before a stock is even purchased. This updated guide features updated stock charts, position trading tips and techniques, and fresh ways to analyze trends and indicators.
Synopsis
Invest smart with proven tips and tactics
Master the basics of trading and strengthen your portfolio
Do you want to trade stocks, but dont know where to start? Are you scared of the risks? Relax! Trading For Dummies takes a measured approach to trading, giving you the basics of trading and portfolio management. This friendly guide will show you how to analyze the market and make smart decisions so you wont lose your shirt!
The Dummies Way
- Explanations in plain English
- "Get in, get out" information
- Icons and other navigational aids
- Tear-out cheat sheet
- Top ten lists
- A dash of humor and fun
Discover how to:
- Understand market cycles
- Choose the best broker for you
- Master technical analysis
- Develop a balanced portfolio
- Read charts and tables
- Uncover new trends
- Manage your risk exposure
About the Author
Michael Griffis is a stock trader and a writer.
Lita Epstein is a writer and a designer and teacher of online financial courses.
Table of Contents
Introduction.
Part I: So You Want to Be a Trader: Gathering Your Tools.
Chapter 1: The Ins and Outs of Trading Stocks.
Chapter 2: Discovering the Markets and the Stock Exchanges.
Chapter 3: Going for Broke(r): Understanding Your Brokerage Options.
Chapter 4: Setting Up Your Business: Putting Your Computer to Work.
Part II: Reading the Fundamentals: The Basics of Fundamental Analysis.
Chapter 5: Fundamentals 101: Observing Market Behavior.
Chapter 6: Understanding the Critical Parts of Fundamental Analysis.
Chapter 7: Taking the Analyst Call.
Part III: Reading the Charts: The Basics of Technical Analysis.
Chapter 8: Tarot Cards, Tea Leaves, and Trend Charts: Does Technical Analysis Work?
Chapter 9: Reading Bar Charts Is Easy (Really).
Chapter 10: Following Trends for Fun and Profit.
Chapter 11: Indicators and Oscillators.
Part IV: Developing Strategies for When to Buy and Sell Stocks.
Chapter 12: Money Management Techniques: Know When to Hold ’Em; Know When to Fold ’Em.
Chapter 13: Using Fundamental and Technical Analysis for Optimum Strategy.
Chapter 14: Executing Your Trades.
Chapter 15: Developing Your Own Powerful Trading System.
Part V: Risk-Taker’s Paradise.
Chapter 16: The Basics of Swing Trading.
Chapter 17: Day Trading.
Chapter 18: Doing It by Derivatives.
Chapter 19: Going Foreign (Forex).
Chapter 20: Trading for Others: Obtaining Trading Licenses and Certifications.
Part VI: The Part of Tens.
Chapter 21: Ten (or More) Huge Trading Mistakes.
Chapter 22: Top Ten Trading Survival Techniques.
Index.