Trading For Dummies

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 needsExplore position trading - discover the benefit of executing trades in and out of positions and holding positions for various lengths of time, depending on trendsFind value in fundamental analysis - observe market behavior, understand economic indicators, find critical information in financial statements, and make the most of analystsTake 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 trendingDevelop 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 systemJump into the deep end - from swing and day trading to derivatives and foreign currency, get the basics of these riskier forms of tradingOpen the book and find:The ins and outs of trading stocksFresh ways to analyze trends and indicatorsUpdated stock charts and Web sitesPosition trading tips and techniquesStep-by-step instructions for building and reading chartsKey money management techniquesWarnings about frauds and scamsTop ten trading survival techniquesHuge trading mistakes to avoid at all costs