Conquer the markets and become a successful day trader

Day trading is a fast-paced, sometimes risky form of investment.Day Trading For Dummies gives you the information you need to get started with this quick-action form of trading for income and maintain your assets. Learn how the market works, how to read and predict price movements, and how to minimize your loss potential, so you can manage your money strategically and create your day trading plan. Expert author Ann Logue will set you on the path to success, showing you the techniques successful day traders use to profit. This new edition covers crypto, AI, meme stocks, new trading options, and the latest strategies. By following market indicators and doing the essential research, you can avoid making critical mistakes and instead make smart trades that earn money.Learn the basics of how the stock market works and master the concepts specific to day tradingUnderstand the risks involved in fast-paced day trading and maximize your profit potential without going brokeDiscover new methods and ideas, including cryptocurrency trading and FOMO riskEarn income and get tips for minimizing your tax bill at the end of the year

Day Trading For Dummieswill teach you a lot about day trading in only a little time. Beginning to intermediate investors will love this jargon-free guide to deciding if day trading is for you and making the best money you can.

Ann Logue, MBA, CFA, is a writer specializing in business and finance. She has written forBarrons, Entrepreneur, andInvestHedge, among other publications. She is the author ofHedge Funds For Dummies andSocially Responsible Investing For Dummies.

Introduction 1

Part 1: Getting Started with Day Trading 5

Chapter 1: Doing Day Trading Right 7

Chapter 2: Introducing the Financial Markets 19

Chapter 3: Assets 101: Stocks, Bonds, and Commodities 39

Chapter 4: Assets 102: ETFs, Options, and Derivatives 57

Chapter 5: Assets 103: Currencies and Crypto 71

Chapter 6: Increasing Risk and Potential Return with Short Selling and Leverage 85

Chapter 7: Managing Your Money and Positions 101

Chapter 8: Planning Your Trades and Trading Your Plans 117

Part 2: Developing Your Trading Strategy 135

Chapter 9: Picture This: Technical Analysis 137

Chapter 10: Following Market Indicators and Tried-and-True Day Trading Strategies 159

Chapter 11: AI or DIY: Eliminating Emotion with Program Trading 179

Chapter 12: Day Trading for Investors 201

Chapter 13: Researching Research Services 213

Chapter 14: Determining Your Profit and Your Profit Potential 231

Part 3: Taking Your Trading Beyond a Hobby 253

Chapter 15: Setting Up Day Trading Like a Business 255

Chapter 16: Regulation Right Now 281

Chapter 17: Taxes for Day Traders 299

Part 4: The Part of Tens 319

Chapter 18: Ten Good Reasons to Day Trade 321

Chapter 19: Ten (or So) Good Reasons to Avoid Day Trading 327

Chapter 20: Ten Common Day Trading Mistakes 333

Chapter 21: Ten Tested Money-Management Techniques 339

Appendix: Additional Resources for Day Traders 345

Index 351