Day Trading: Beat The System and Make Money in Any Market Environment

$10.91

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Day Trading will let you make the most out of the free market from the comfort of your own computer. When most people hear the term “day trader,” they imagine the stock market floor packed with people yelling ‘Buy’ and ‘Sell’ – or someone who went for broke and ended up just that. These days, investing isn’t just for the brilliant or the desperate–it’s a smart and necessary move to ensure financial wellbeing.

Introduction:

Depending on whom you ask, the term day trader has most people imagining either a wealthy twentysomething trading in front of multiple monitors, or a disheveled gambler losing thousands of dollars in mere minutes. In reality, a day trader is somewhere in between.

Professional day traders employ detailed trading strategies and sound money management techniques to steer clear of the problems most amateurs face—such as overconfidence. Using statistical analysis techniques, professional day traders identify high-probability trades and act on them with precision in order to generate a quick profit, while limiting their overall risk exposure. By contrast, amateur day traders often haphazardly enter a trade, see the stock moving lower, become worried about mounting losses, and prematurely sell the stock before it rises again.

Day trading can be a confusing process: where do you begin, and how can you approach trading in a careful yet effective way? With Day Trading you’ll get the basics, then: