This book is a comprehensive guide for new day traders. Day trading has been described as a "way of life" implying that the day trader must be completely absorbed in the activity, to the exclusion of everything else in life. That is not true. Successful day traders can work only a few days a week or only a few hours a day. Day traders are interested in all forms of investment; stocks, foreign currency exchange, exchange-traded funds and more. Profits can be made by well-informed and savvy traders in every one of these areas.
In this book, we will generally refer to trading in stocks, implying equities. This is only for simplicity for the readers. Almost everywhere, the information applies equally to all the other financial instruments as well. In terms of vocabulary, in this book, we use the short phrase "go long" for issuing buy orders and "go short" for issuing sell orders. Be aware that like with any other trading, you can sell instruments you don't own, by using a margin trading account.
This book is neither a solicitation nor an offer to Buy/Sell futures, stocks or options or any other financial instruments. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this book. The past performance of any trading system or methodology is not necessarily indicative of future results. The author of this book does not hold a position in any of the stocks mentioned.
Within this book's pages, you'll find the answers to these questions and more. Just some of the questions and topics covered include Introduction to Day Trading Buy and Hold Trading in Options Swing Trading Selecting a Trading Platform Indicator Choice Understand Commissions and Costs; Per Trade or Per Share Technical Analysis Volatility Liquidity Pivot Points, Support and Resistance Trading Strategies and Signals Candlestick Charts Indicators Stop Points Entry Points Moving Average Crossover MACD Moving Average-Convergence/Divergence RSI Relative Strength Index Bollinger Bands Harami Pattern Doji On Balance Volume (OBV) Case Studies Partial List of Day Trading Brokers And more!
