Day Trading For Dummies

This book is hardly for "Dummies," unless they have a background in advanced mathematics and economic theory. Of course, there is so much here, that the book is somewhat of a cafeteria-style presentation, and you can certainly pick-and-choose what you want, and leave the rest alone. I was surprised, however, at how much complex mathematical equations and fairly arcane economic theories are included. Perhaps, the worst criticism is that, overall, the book is more like a dictionary, an index, or a "glossary of terms," than it is a simple how-to-do-it book. As you go through it, there is an endless supply of definitions, of words and terms, that would be better placed at the end of a book, to define all sorts of things that the typical day-trader will never have any use for anyway. More than an instruction book, this is an encyclopedic tome of nearly every possible aspect of the stock market, in addition to day-trading. The definitions are exhaustive, weary, and often taking up a paragraph or more. It does seem to try to explain day-trading, to an extent, and at the same time define every possible word and phrase that there is in the economics of the stock market. There are complex algebraic equations that are daunting to even a graduate student in mathematics, and would send shock waves down the spine of ordinary citizens who can barely recall how to do long division. Perhaps 1/3 of this book is targeted to day-trading, but it is not well organized, in the sense that the "definitions" - hundreds of them - are scrambled with the information about how to be a successful day-trader. This is, possibly, a useful textbook at the university level, but seems less useful for the "Dummies" series, and I speak as one of those Dummies, with some degree of authority. Update: June 6, 2019 After reading every page and every word of this book, I noticed something odd - (and I'm not referring to the "pulpy," newsprint-style, tan paper that it's printed on), but rather that there is not a single masculine pronoun used anywhere in this book! The pronouns are either "neuter," (they, them, its, theirs, etc.), or else feminine: ("she, her, hers, herself") and so on. Throughout the book, there are hundreds of female pronouns used, and hundreds of "neuter" pronouns, but not even one masculine pronoun. This seems sexist and gender-slanted, as one would assume that the readers, and the day-traders, would be both men and women. As a former editor, this is something I would have called some attention to, before the book was put into production.

80% of you: If you have no market experience, buy a beginners guide to Swing Trading. By law, you need $25K in your brokerage account to be a day trader. Once you have experience and confidence and control of your emotions and impulses, THEN you can look at day trading. The rest of you: If you have experience, this is a good book to sponge up some info, terms, and definitions. And, if you are a Swing Trader and want info so you can make an effective day trade here and there, this is also a decent buy. Note: you will get flagged when you make X amount of trades that exhibit day trader patterns.

This book is interesting and well written and that’s it: let face it, one cannot learn day trading by reading books. In my opinion and experience the best way is to join a day trader chat room on the internet. There are many of them. Be careful. There are excellent ones and dreadful ones. You have to do your homework. You will be able to talk to accomplished day traders that will be very happy to share their experience and knowledge with you. Joining a day trading chat room is certainly more expensive than buying books on the subject. But in the long run you will save and make money. Bottom line: you will never make money by reading day trading books.

You can easily avoid this book as it doesn’t have any serious day trading guides or strategy review. In a nutshell it is a huge dictionary of everything trading starting with where you can get more info and what kind of PC you need to day trade. I do not recommend the book

I've had friends and family that trade online for years now, but I only recently decided to take the plunge myself. I'm learning from different angles - online tutorials and videos teaching strategies, etc. - but this book was able to teach me a lot about the business of day trading. It is the only material that I've come across that explicitly discourages you from day trading if you have certain strong personality traits that predispose you to failing as a trader. Of course there are sections I felt no need to read through, because those securities don't interest me, but I was still able to get an overview of how those securities work. There are a few securities however that I'm now open to trading, that I wasn't before. I'm convinced that this book has helped, and will continue to help my trading journey. Thanks, Ann.

This is a good reference book for beginners. This is not a step-by-step how-to book, but contains definitions and links to references to help you further your research on the topic.

Dummy books are the best. They make mefeel smart!!!

I have not yet read the whole book, but can say from what I have read thus far - it is excellent. Ms Logue clearly knows her subject. The explanations is clear and to the point. She has a very good command of the language and her style makes reading the book not only easy but enjoyable. I would certainly recommend this book to those who, like me, are starting or considering day trading Justice AH Veldhuizen

Doesn’t show how to analyze stocks or set ups. Shows you brokers, info websites, details the mindset of day traders, what a day trader is in comparison to other traders or investors…. Don’t get me wrong lots of useful info but doesn’t actually show you how to successfully day trade. That’s in their technical analysis book.

Generally good, had a few interesting bullet points, lots of redundancy, needs a good editor.

This book is hardly for "Dummies," unless they have a background in advanced mathematics and economic theory. Of course, there is so much here, that the book is somewhat of a cafeteria-style presentation, and you can certainly pick-and-choose what you want, and leave the rest alone. I was surprised, however, at how much complex mathematical equations and fairly arcane economic theories are included. Perhaps, the worst criticism is that, overall, the book is more like a dictionary, an index, or a "glossary of terms," than it is a simple how-to-do-it book. As you go through it, there is an endless supply of definitions, of words and terms, that would be better placed at the end of a book, to define all sorts of things that the typical day-trader will never have any use for anyway. More than an instruction book, this is an encyclopedic tome of nearly every possible aspect of the stock market, in addition to day-trading. The definitions are exhaustive, weary, and often taking up a paragraph or more. It does seem to try to explain day-trading, to an extent, and at the same time define every possible word and phrase that there is in the economics of the stock market. There are complex algebraic equations that are daunting to even a graduate student in mathematics, and would send shock waves down the spine of ordinary citizens who can barely recall how to do long division. Perhaps 1/3 of this book is targeted to day-trading, but it is not well organized, in the sense that the "definitions" - hundreds of them - are scrambled with the information about how to be a successful day-trader. This is, possibly, a useful textbook at the university level, but seems less useful for the "Dummies" series, and I speak as one of those Dummies, with some degree of authority. Update: June 6, 2019 After reading every page and every word of this book, I noticed something odd - (and I'm not referring to the "pulpy," newsprint-style, tan paper that it's printed on), but rather that there is not a single masculine pronoun used anywhere in this book! The pronouns are either "neuter," (they, them, its, theirs, etc.), or else feminine: ("she, her, hers, herself") and so on. Throughout the book, there are hundreds of female pronouns used, and hundreds of "neuter" pronouns, but not even one masculine pronoun. This seems sexist and gender-slanted, as one would assume that the readers, and the day-traders, would be both men and women. As a former editor, this is something I would have called some attention to, before the book was put into production.

80% of you: If you have no market experience, buy a beginners guide to Swing Trading. By law, you need $25K in your brokerage account to be a day trader. Once you have experience and confidence and control of your emotions and impulses, THEN you can look at day trading. The rest of you: If you have experience, this is a good book to sponge up some info, terms, and definitions. And, if you are a Swing Trader and want info so you can make an effective day trade here and there, this is also a decent buy. Note: you will get flagged when you make X amount of trades that exhibit day trader patterns.

This book is interesting and well written and that’s it: let face it, one cannot learn day trading by reading books. In my opinion and experience the best way is to join a day trader chat room on the internet. There are many of them. Be careful. There are excellent ones and dreadful ones. You have to do your homework. You will be able to talk to accomplished day traders that will be very happy to share their experience and knowledge with you. Joining a day trading chat room is certainly more expensive than buying books on the subject. But in the long run you will save and make money. Bottom line: you will never make money by reading day trading books.

You can easily avoid this book as it doesn’t have any serious day trading guides or strategy review. In a nutshell it is a huge dictionary of everything trading starting with where you can get more info and what kind of PC you need to day trade. I do not recommend the book

I've had friends and family that trade online for years now, but I only recently decided to take the plunge myself. I'm learning from different angles - online tutorials and videos teaching strategies, etc. - but this book was able to teach me a lot about the business of day trading. It is the only material that I've come across that explicitly discourages you from day trading if you have certain strong personality traits that predispose you to failing as a trader. Of course there are sections I felt no need to read through, because those securities don't interest me, but I was still able to get an overview of how those securities work. There are a few securities however that I'm now open to trading, that I wasn't before. I'm convinced that this book has helped, and will continue to help my trading journey. Thanks, Ann.

This is a good reference book for beginners. This is not a step-by-step how-to book, but contains definitions and links to references to help you further your research on the topic.

Dummy books are the best. They make mefeel smart!!!

I have not yet read the whole book, but can say from what I have read thus far - it is excellent. Ms Logue clearly knows her subject. The explanations is clear and to the point. She has a very good command of the language and her style makes reading the book not only easy but enjoyable. I would certainly recommend this book to those who, like me, are starting or considering day trading Justice AH Veldhuizen

Doesn’t show how to analyze stocks or set ups. Shows you brokers, info websites, details the mindset of day traders, what a day trader is in comparison to other traders or investors…. Don’t get me wrong lots of useful info but doesn’t actually show you how to successfully day trade. That’s in their technical analysis book.

Generally good, had a few interesting bullet points, lots of redundancy, needs a good editor.

Some things have changed since it was written, but overall worth the money. Helps you keep from losing money.

Lots of information and dives into more than enough detail.