Trading For Dummies (For Dummies (Business & Personal Finance))

Book Description:

Now updated — your guide to trading success regardless of the market!

Want to make smarter trading decisions? This strategy-packed, no-nonsense guide presents a proven system for analyzing stocks, trends, and indicators and setting a buy-and-sell range beforehand to decrease your risk in both up and down markets. You’ll discover the benefits of position trading, conduct technical analysis, and research your entry and exit points before you even purchase your stock.

Build your trading toolbox — know the markets and exchanges, find a broker, set up your brokerage account, and determine your computer/Internet needs

Explore position trading — discover the benefit of executing trades in and out of positions and holding positions for various lengths of time, depending on trends

Find value in fundamental analysis — observe market behavior, understand economic indicators, find critical information in financial statements, and make the most of analysts

Take on technical analysis — build and read charts, identify trends, recognize bull and bear patterns, and differentiate between stocks that are range bound and ones that are trending

Develop strategies for buying and selling — know your risks, gather key info through analysis to build your optimum trading strategy, and develop your own powerful trading system

Jump into the deep end — from swing and day trading to derivatives and foreign currency, get the basics of these riskier forms of trading

Open the book and find:

The ins and outs of trading stocks

Fresh ways to analyze trends and indicators

Updated stock charts and Web sites

Position trading tips and techniques

Step-by-step instructions for building and reading charts

Key money management techniques

Warnings about frauds and scams

Top ten trading survival techniques

Huge trading mistakes to avoid at all costs