Rating: 
- Good book + Free trading
This book is especially good for the person who wants a broad overview of investing. It will give you a solid foundation to begin growing your money from. After reading, I opened a Scottrade account because they had the lowest rates ($7), and no inactivity fee. [...] to get a referral for 3 free trades.
Rating:
- Good Introduction to Position Trading
Let me first state -- this is not a book for day traders! Although there are chapters on both swing and day trading, the authors concentrate on position trading. Hence, they include several chapters on fundamental analysis and focus on slower signalling indicators. Now, that's out of the way...
The book is well-written, with the not-too-serious yet informative style that hallmarks a good "Dummies" book. The organisation is top notch, and the authors re-iterate tactics they have previously covered when doing so provides a good learning example. There is a limited amount of technical analysis, with the primary focus on patterns (breakout and continuation) and simple indicators--moving averages, MACD, relative strength, e.g.
As with most "Dummies" books, you are not by any means an expert on the topic when you finish. However, I believe the reader, having paid close attention, will have a good grasp of the concepts he or she will need to trade, and that this book provides a good introduction and foundation for further research in the field.
I give the book 5 stars for well accomplishing the authors' stated purpose, but caution that, if you are looking for a book on short-term trading, you could be disappointed. That having been said, I think it makes a fine base for further reading into such trading. Your mileage may vary.
Rating: - Good start. Needs more in depth strategies
Overall this book covers important aspects of day trading. However, a beginner day trader will need more focused trading strategies to make it in this game.
Day trading keeps getting competitive and the stock market doesn't make a difference between the experienced and the newbie traders. So either youre going to make money trading or you are going to lose it in favor of the more seasoned ones.
As a trader your homework is all about studying and testing different strategies. That's the only way youre going to know what works and what doesn't for you. Just always keep in mind that a good strategy is simple and practical. Complicated systems will always make you slow in your decision making process.
There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Smart Day Trading ( SmartDayTrading com)
They focus on short term momentum trading tactics that can help you identify and handle hot stocks while reducing your trading risk.
All in all day trading is all about following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results.
Rating: - Trading for Dummies
It's a very good intoduction to the world of trading and stocks market. I like the chapter about fundamental analysis and the basics of technical analysis. Quite clear and yet focused discussion of the main topics and techniques. I recommend this to anyone who have plans to study trading and stocks trading in particular. It should have been named "Stocks trading for Dummies" - but it's Ok.
- Good book + Free tradingThis book is especially good for the person who wants a broad overview of investing. It will give you a solid foundation to begin growing your money from. After reading, I opened a Scottrade account because they had the lowest rates ($7), and no inactivity fee. [...] to get a referral for 3 free trades.
Rating:
- Good Introduction to Position TradingLet me first state -- this is not a book for day traders! Although there are chapters on both swing and day trading, the authors concentrate on position trading. Hence, they include several chapters on fundamental analysis and focus on slower signalling indicators. Now, that's out of the way...
The book is well-written, with the not-too-serious yet informative style that hallmarks a good "Dummies" book. The organisation is top notch, and the authors re-iterate tactics they have previously covered when doing so provides a good learning example. There is a limited amount of technical analysis, with the primary focus on patterns (breakout and continuation) and simple indicators--moving averages, MACD, relative strength, e.g.
As with most "Dummies" books, you are not by any means an expert on the topic when you finish. However, I believe the reader, having paid close attention, will have a good grasp of the concepts he or she will need to trade, and that this book provides a good introduction and foundation for further research in the field.
I give the book 5 stars for well accomplishing the authors' stated purpose, but caution that, if you are looking for a book on short-term trading, you could be disappointed. That having been said, I think it makes a fine base for further reading into such trading. Your mileage may vary.
Rating:
- Good start. Needs more in depth strategiesOverall this book covers important aspects of day trading. However, a beginner day trader will need more focused trading strategies to make it in this game.
Day trading keeps getting competitive and the stock market doesn't make a difference between the experienced and the newbie traders. So either youre going to make money trading or you are going to lose it in favor of the more seasoned ones.
As a trader your homework is all about studying and testing different strategies. That's the only way youre going to know what works and what doesn't for you. Just always keep in mind that a good strategy is simple and practical. Complicated systems will always make you slow in your decision making process.
There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Smart Day Trading ( SmartDayTrading com)
They focus on short term momentum trading tactics that can help you identify and handle hot stocks while reducing your trading risk.
All in all day trading is all about following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results.
Rating:
- Trading for DummiesIt's a very good intoduction to the world of trading and stocks market. I like the chapter about fundamental analysis and the basics of technical analysis. Quite clear and yet focused discussion of the main topics and techniques. I recommend this to anyone who have plans to study trading and stocks trading in particular. It should have been named "Stocks trading for Dummies" - but it's Ok.
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