Day Trading For Dummies

Day Trading For Dummies

Day Trading For Dummies

In an ever-changing market, get the advantage of trading for yourself Day trading is unquestionably the most amazing way to make your very own cash. Prior to you begin, you need 3 things: persistence, nerves of steel, and a well-thumbed copy of Day Trading For Dummies. This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and gets you began with an action plan. From traditional and renegade methods to the nitty-gritty of day-to-day trading practices, it offers y.

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3 thoughts on “Day Trading For Dummies

  1. 17 of 17 people found the following review helpful
    5.0 out of 5 stars
    Worth it for the chapter on taxes alone, March 9, 2014
    By 
    Darwin “Computer consultant” (Redmond, WA United States) –

    Verified Purchase(What’s this?)
    This review is from: Day Trading For Dummies (Paperback)
    I’ve read many books on day trading. Most cover techniques and psychology for trading in quite good detail, and certainly in more detail than covered here. After all, these “…for Dummies” books are intended to be an overview and cover more breadth than depth.

    That being said, I find this to be not just an excellent overview as intended, but a real gem for the chapter covering the tax situation traders must deal with. None of the other books I’ve read have covered this!

    If you’re aspiring to be a day trader full-time, you need to know about Form 3115 and the mark-to-market election, filing 1040ES and paying taxes on estimated income four times a year, and how important good record keeping is for trades and deductions. You most certainly need to talk to a good tax expert or CPA to work through this, but at least after reading this book you’ll have a general understanding of the process and what topics to run by any potential tax advisor before you hire them.

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  2. 12 of 14 people found the following review helpful
    1.0 out of 5 stars
    Not Up to “Dummies” Standard, February 24, 2014
    By 
    William (CARMICHAEL, CA, United States) –
    (REAL NAME)
      

    Verified Purchase(What’s this?)
    This review is from: Day Trading For Dummies (Paperback)
    I’m a raving fan of the Dummies series of books, but this one was a major disappointment. It’s filled with generalizations, but totally lacking in “how-to” specifics. A much better book to read instead would be “Swing Trading for Dummies.”

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  3. 9 of 11 people found the following review helpful
    5.0 out of 5 stars
    Great introduction, May 31, 2014
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    Verified Purchase(What’s this?)
    This is a very good introduction to Day Trading. The author explains all the key aspects, but also spends a lot of time exploring the psychology and type of person who can be successful at day trading. There are lots of references, and the information is current.

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