Trading For Dummies, 4th Edition

פרטים

Trade your way to a more profitable portfolio Savvy traders can make money in both up and down markets and now you can, too! In Trading For Dummies, investors from every walk of life will benefit from sample stock charts, position trading tips and techniques, fresh ways to analyze trends and indicators, and all the latest information on trading stocks wisely in any type of market. Taking the stress out of the stock market, this no-nonsense guide walks you through all the steps to trade with authority and takes your portfolio to exciting new heights. Whether you're an investor looking for a clear guide to successfully trading stocks in any type of market, or an investor who has experience trading and are looking for new, proven methods to enhance the profitability of investments, you'll find a proven system for eliminating doubt, decreasing risk, and, ultimately, increasing return. * Understand market cycles and choose a great broker * Manage your risk exposure * Build a balanced portfolio * Develop your own custom trading strategy If you're in need of basic strategies and stock valuation methodologies that let you make smart trading decisions, this book has it all!

מידע נוסף

מידע נוסף
מהדורה	4th Edition
עמודים	416
מחליף את פריט	1W118681180
פורמט	Paperback / softback
ISBN10	1119370310
יצא לאור ב	New York
תאריך יציאה לאור	11 באוג׳ 2017
תוכן עניינים	Introduction 1 About This Book 2 Foolish Assumptions 2 Icons Used in This Book 3 Beyond the Book 3 Where to Go from Here 4 Part 1: Getting Started with Trading 5 Chapter 1: The Ups and Downs of Trading Stocks 7 Distinguishing Trading from Investing 8 Seeing Why Traders Do What They Do 8 Successful Trading Characteristics 9 Tools of the Trade 10 Taking Time to Trade More Than Just Stocks 10 Position trading 10 Short-term swing trading 11 Day trading 12 Going Long or Short 12 Managing Your Money 12 Understanding Fundamental Analysis 13 Getting a Grip on Technical Analysis 14 Putting Trading Strategy into Practice 15 Trading at Higher Risk 17 Remembering to Have Fun! 17 Chapter 2: Exploring Markets and Stock Exchanges 19 Introducing the Broad Markets 19 Stock markets 20 Futures markets 20 Bond markets 21 Options markets 22 Reviewing Stock Exchanges 22 New York Stock Exchange (NYSE: ICE) 22 NASDAQ 24 Amex (now NYSE MKT LLC) 25 Electronic communications networks (ECNs) 26 Understanding Order Types 26 Market order 27 Limit order 27 Stop order 28 Stop-limit order 29 Good-'til-canceled order 30 Other order types 30 Chapter 3: Going for Broke(r): Discovering Brokerage Options 31 Why You Need a Broker 32 Exploring Types of Brokers and Brokerage Services 32 Full-service brokers 32 Discount brokers 34 Direct-access brokers 34 Proprietary trading firms 36 Futures brokers 36 Services to Consider When Choosing a Broker 36 Types of orders supported 36 Data tools 37 Charts 37 ECN access 38 Knowing the Types of Brokerage Accounts 38 Cash accounts 38 Margin accounts 38 Options 39 IRAs and other retirement accounts 39 Choosing the Right Broker for You 41 Considering more than price 41 Doing a little research 42 Understanding how you'll be paying 43 Getting to Know the Rules 43 Margin requirements 43 Settling trades 45 Free riding 45 Chapter 4: Putting Your Key Business Tool to Work: The Computer 47 Making Use of Your Computer 48 Identifying trading candidates 48 Managing your account 49 Improving your trades 49 Finding Price Charts 49 Checking out Internet charts with delayed prices 51 Considering Internet charts with real-time prices 51 Looking into charting software 52 Digging Up Fundamental Data 53 Accessing Analyst Reports 54 Selecting a Trading Platform 54 Browser-based trading environments 55 Integrated trading platforms 56 Features to consider 57 Determining Computer Requirements 58 Weighing Windows versus Mac versus Linux 58 Configuring your computer system 59 Accessing the Internet 61 Picking a browser 61 Securing your computer 61 Part 2: Reading the Fundamentals: Fundamental Analysis 63 Chapter 5: Fundamentals 101: Observing Market Behavior 65 The Basics of the Business Cycle 66 Understanding how periods of economic growth and recession are determined 67 Using economic indicators to determine the strength of the economy 68 Relating bull markets and bear markets to the economy 70 Employing a Sector Rotation Strategy 70 Early recovery 71 Full recovery 72 Early recession 72 Full recession 73 Sector rotation 73 Understanding Economic Indicators 74 Interest rates 75 Money supply 76 Inflation rate 76 Deflation 78 Jobless claims 79 Consumer confidence 80 Business activity 80 Using Data from Economic Indicators 82 Chapter 6: Digging Into Fundamental Analysis 85 Checking Out the Income Statement 86 Revenues 87 Cost of goods sold 87 Gross margins 88 Expenses 89 Interest payments 90 Tax payments 91 Dividend payments 91 Profitability 92 Looking at Cash Flow 93 Operating activities 94 Financing activities 95 Investment activities 96 Scouring the Balance Sheet 97 Analyzing assets 97 Looking at debt 98 Reviewing goodwill 99 Determining Stock Valuations 99 Earnings 100 Earnings growth rate 100 Figuring Your Ratios: Comparing One Company's Stock to Another 102 Price/earnings ratio 102 Price/book ratio 103 Return on assets 103 Return on equity 103 Chapter 7: Listening to Analyst Calls 105 Getting to Know Your Analysts 106 Buy-side analysts: You won't see them 106 Sell-side analysts: Watch for conflicts 106 Independent analysts: Where are they? 109 The Importance of Analysts 109 Tracking how a company's doing 110 Providing access to analyst calls 110 Pointers for Listening to Analyst Calls 112 Understanding the analysts' language 113 Developing your listening skills 114 Locating Company Calls 117 Identifying Trends in the Stock-Analyst Community 117 Part 3: Reading the Charts: Technical Analysis 119 Chapter 8: Seeing Is Believing: An Introduction to Technical Analysis 121 Understanding the Methodology 122 Finding everything in the price 123 Seeing that price movements are not always random 124 Balancing supply and demand 125 Understanding where you've been 125 Understanding where you're headed 127 Answering the Detractors 128 Walking randomly 129 Trading signals known to all 129 Executing Your Trading Plan 130 Using StockCharts.com 131 Chapter 9: Reading Bar Charts Is Easy (Really) 135 Creating a Price Chart 136 Looking at a single price bar 137 Measuring volume 138 Coloring charts 140 Identifying Simple Single-Day Patterns 140 Single-bar patterns 140 Reversal patterns 142 Recognizing Trends and Trading Ranges 143 Discerning a trading range 144 Spotting a trend 145 Paying attention to time frame 146 Searching for Transitions 147 Support and resistance: The keys to trend transitions 147 Finding a breakout 149 Sipping from a cup and handle 151 Deciding what to do with a double bottom 152 An alternative double-bottom strategy 153 Looking at other patterns 154 Chapter 10: Following Trends to Boost Your Probability of Success 155 Identifying Trends 156 Supporting and Resisting Trends 157 Drawing trend lines to show support 158 Using channels 159 Trending and channeling strategies 160 Seeing Gaps 161 Common gap 162 Breakout or breakaway gap 162 Continuation gap 162 Exhaustion gap 163 Island gap 164 Waving Flags and Pennants 164 Withstanding Retracements 165 Three-step and five-step retracements 166 Subsequent trading ranges 167 Dealing with Failed Signals 168 Trapping bulls and bears 168 Filling the gaps 169 Deciding whether to reverse directions 169 Chapter 11: Calculating Indicators and Oscillators 171 The Ins and Outs of Moving Averages 173 Simple moving average 173 Exponential moving average 175 Comparing SMAs and EMAs 178 Interpreting and using moving averages 179 Support and resistance factors 181 Deciding the moving average time frame 182 Understanding Buy and Sell Pressure through Stochastic Oscillators 183 Calculating stochastic oscillators 183 Interpreting stochastic oscillators 184 Tracking Momentum with the MACD 185 Calculating the MACD 186 Using the MACD 187 Revealing Relative Strength 190 Calculating relative strength 190 Putting relative strength to work 191 Part 4: Developing Strategies for When to Buy and Sell Stocks 193 Chapter 12: Money Management Techniques: Building a More Robust Portfolio 195 Achieving Your Trading Goals with Smart Money Management 196 Managing Your Portfolio 197 Thinking of trading as a business 197 Recognizing the trader's dilemma 198 Finding a better plan 199 Protecting Your Principal 201 Recovering from a large loss: It ain't easy 202 Setting a target price for handling losses 203 Strategies for managing profitable trades 205 Understanding Your Risks 209 Market risks 209 Investment risks 210 Trading risks 210 Chapter 13: Combining Fundamental and Technical Analyses for Optimum Strategy 213 Seeing the Big Picture 214 Knowing when the Fed is your friend 215 Keeping an eye on industrial production 215 Watching sector rotation 216 Finding the dominant trend 220 Selecting Your Trading Stock 225 Trading Strategies 226 Trading the bullish transition 226 Trading in a bull market 227 Trading the bullish pullback 227 Trading the bearish transition 228 Trading in a bear market 228 Trading the bearish pullback 229 A hypothetical trading example 229 Chapter 14: Minimizing Trading Risks Using Exchange-Traded Funds 231 What Is an ETF? 231 Examining the advantages 232 Avoiding the flaws 233 Does Family Matter? 233 Market-weighted ETFs 234 Equal-weighted ETFs 235 Fundamentally weighted ETFs 235 Sector Rotation Strategies 236 Early recovery 236 Full recovery 236 Early recession 237 Full recession 237 Analyzing ETFs 237 Portfolio Construction 239 International trading with ETFs 239 Commodities and ETFs 239 Currency trading and ETFs 239 Leveraged ETFs 240 Inverse ETFs 240 Chapter 15: Executing Your Trades 241 Entering and Exiting Your Trade 241 Keeping straight the bid and the ask 243 Understanding the spread 244 Devising an effective order-entry strategy 244 Timing your trades: Entering orders after the market closes 247 Reviewing a week in the life of a trader 248 Selling Stocks Short 253 Avoiding Regulatory Pitfalls 254 Understanding trade-settlement dates 254 Avoiding free riding 255 Avoiding margin calls and forced sales 256 Avoiding pattern-day-trader restrictions 258 The Tax Man Cometh 258 Chapter 16: Developing Your Own Powerful Trading System 259 Understanding Trading Systems 260 Discretionary systems 261 Mechanical systems 261 Trend-following systems 262 Countertrend systems 263 Selecting System-Development Tools 264 Choosing system-development hardware 264 Deciding on system-development software 264 Finding historical data for system testing 266 Developing and Testing Trading Systems 267 Working with trend-following systems 267 Using breakout trading systems 270 Accounting for slippage 275 Keeping a Trading Journal 275 Evaluating Trading Systems for Hire 276 Part 5: Risk-Taker's Paradise 279 Chapter 17: The Basics of Swing Trading 281 Selecting Stocks Carefully 281 Looking at Swing-Trading Strategies 283 Trading trending stocks 283 Trading range-bound stocks 287 Trading volatility 289 Money management issues 291 Using Options for Swing Trading 291 Getting a Grip on Swing-Trading Risks 293 Taxes (of course) 293 Pattern-day-trading rules apply 294 Chapter 18: The Basics of Day Trading 295 What Day Trading Is All About 296 Institutional day traders (market makers) 296 Retail day traders 296 Understanding Account Restrictions 299 The Fed's Regulation T: Margin requirements 299 Settlement: No free rides 301 Strategies for Successful Day Trading 301 Technical needs 302 Trading patterns 302 Scalping 303 Trend traders 303 Recognizing That Risks Are High 303 Liquidity 304 Slippage 304 Trading costs 305 Taxes (of course) 306 Avoiding the Most Common Mistakes 307 Chapter 19: Doing It by Derivatives 311 Types of Derivatives: Futures and Options 312 Buy now, pay later: Futures 312 Wait and see: Options 316 Buying Options and Futures Contracts 321 Opening an account 321 Calculating the price and making a buy 322 Options for Getting Out of Options 323 Offsetting the option 323 Holding the option 324 Exercising the option 324 The Risks of Trading Options and Futures 325 Minimizing Risks 326 Chapter 20: Going Foreign (Forex) 329 Exploring the World of Forex 330 Types of currency traders 330 Why currency changes in value 331 What traders do 332 Understanding Money Jargon 333 Spot transactions 334 Forward transactions 334 Options 335 Looking at How Money Markets Work 336 Different countries, different rules 337 The almighty (U.S.) dollar 337 Organized exchanges 337 Taking Necessary Risks in the World Money Market 339 Understanding the types of risks 339 Seeking risk protection 342 Getting Ready to Trade Money 343 Part 6: The Part of Tens 345 Chapter 21: More Than Ten Huge Trading Mistakes 347 Fishing for Bottoms 347 Timing the Top 348 Trading against the Dominant Trend 349 Winging It 349 Taking Trading Personally 350 Falling in Love 350 Using After-Hours Market Orders 351 Chasing a Runaway Trend 351 Averaging Down 351 Ignoring Your Stops 352 Diversifying Badly 352 Enduring Large Losses 353 Chapter 22: Ten Trading Survival Techniques 355 Build Your Trading Tool Chest 355 Choose and Use Your Favorite Tools Wisely 356 Use Both Technical and Fundamental Analyses 357 Count on the Averages to Make Your Moves 357 Develop and Manage Your Trading System 358 Know Your Costs 358 Have an Exit Strategy 359 Watch for Signals, Don't Anticipate Them 359 Buy on Strength, Sell on Weakness 360 Keep a Trading Journal and Review It Often 360 Index 361
זמן אספקה	21 ימי עסקים