Understand how day trading works--and get an action plan Due to the fluctuating economy, trade wars, and new tax laws, the risks and opportunities for day traders are changing. Now, more than ever, trading can be intimidating due to the different methods and strategies of traders on Wall Street. Day Trading For Dummies provides anyone interested in this quick-action trading with the information they need to get started and maintain their assets. From classic and renegade strategies to the nitty-gritty of daily trading practices, this book 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. New trading products such as cryptocurrencies Updated information on SEC rules and regulations and tax laws Using options to manage risk and make money Expanded information on programming If you're someone who needs to know a lot about day trading in a short amount of time, this is your place to start.
From the Back Cover
Position yourself for day trading success Avoid day trading pitfalls Manage risk as you buy and sell Day trade in today's market If you love the thrill of the markets and have the patience to watch and wait for the perfect moment, day trading just might be a productive career or part-time activity for you. But to be successful, you need expert guidance, and that's what you'll find in these pages. Packed with sound advice about markets and investment strategies as well as the ins and outs on how an actual day trade works and how you can steer clear of common traps, this handy guide shows you what's involved and how to get started. Know your options, develop a strategy, and begin trading! Inside... Personality traits traders need The latest on SEC rules Tips on managing risk Info about cryptocurrencies and ETFs Ways to define a good asset How to use technical analysis Understanding market indicators What you must know about taxes