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Item #:
196779271
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
Item #:
196779271
PHP 2101
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Day trading is not gambling. It's not an online poker game. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. That's How to Day Trade for a Living.
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What Stands Out
Comprehensive Guide
Offers a thorough introduction to day trading, covering essential tools, tactics, and strategies tailored for beginners, making it accessible for novice traders seeking to understand the market dynamics.
Focus on Psychology
Emphasizes the importance of trading psychology and discipline, helping readers develop the mental fortitude required for successful trading, an often-overlooked aspect in trading literature.
Effective Money Management
Incorporates practical money management techniques, empowering traders with strategies to manage risk effectively, ensuring sustainable trading practices and enhancing long-term profitability.
Product Details
- Comprehensive guide covering the fundamentals, strategies, and psychology of day trading
- Suitable for beginner and intermediate traders
- Provides an extensive overview of classic trading strategies used by retail traders
- Author emphasizes the importance of discipline, routine, and serious approach to trading
- Describes seven important day trading strategies in detail
- Focuses on the three elements of success in day trading - technology, strategy, and psychology
| Publisher | CreateSpace Independent Publishing Platform |
| Publication date | July 28, 2016 |
| Edition | 3rd |
| Language | English |
| Print length | 366 pages |
| ISBN-10 | 9781535585958 |
| ISBN-13 | 978-1535585958 |
| Item Weight | 227 g |
| Dimensions | 6 x 0.83 x 9 inches (15.2 x 2.1 x 22.9 cm) |
Who Should Buy?
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Aspiring Traders
Beginners looking to understand the fundamentals of day trading will benefit from clear tools and tactics provided.
-
Self-Discipline Seekers
Individuals focused on personal development in trading psychology can gain insights into the discipline necessary to succeed.
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Risk Management Learners
Those interested in mastering money management strategies in trading will find effective techniques outlined in the guide.
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Experienced Traders
Experienced traders may find the content too basic and not provide advanced strategies for effective trading.
Product Description
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
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Customer Questions & Answers
-
Question:
Is this book suitable for experienced traders?
Answer: Intermediate traders may benefit from the overview of classic strategies, but it is primarily written with beginners in mind. -
Question:
Does the book discuss the importance of using the right trading tools?
Answer: Yes, the author emphasizes the need for the right tools and software to be a successful day trader. -
Question:
Does the book provide specific trade recommendations?
Answer: No, the book does not provide specific trade recommendations, but rather teaches traders how to develop their own trading strategies.
English Edition Dr. Andrew Aziz Format: Paperback E-commerce Editorial Review
**** "How to Day Trade for a Living" has been positively received by customers looking to navigate the complexities of day trading. Many readers appreciate the author's clear and straightforward writing style, which makes the material accessible even to beginners. Reviews highlight the book's comprehensive coverage of essential concepts, including trading tools, money management, and the psychological aspects of trading. Readers found the practical strategies and discipline emphasized in the guide to be invaluable, providing a solid foundation for those new to the trading world. The inclusion of real-world examples is noted as a strong point, allowing readers to better understand abstract concepts and relate them to actual trading scenarios. Customers have expressed satisfaction with the actionable advice provided, often mentioning that they felt more confident in their trading decisions after applying the guidance from the book. Overall, the book is seen as a helpful resource for individuals keen to pursue day trading seriously, equipping them with both the tools and mindset necessary to succeed. **
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Pros
- Clear and straightforward writing style
- Comprehensive coverage of trading tools and strategies
- Strong emphasis on money management and trading psychology
- Practical strategies with real-world examples
- Builds reader confidence in trading decisions
Cons
- Some readers may require prior knowledge of financial terms and concepts
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Features & Benefits
- Short and easy-to-understand guide to day trading that is perfect for beginners
- Provides insight into various day trading strategies used by successful traders
- Explains how day trading is different from other types of trading and investment
- Emphasizes the importance of discipline, money management, and mental preparation
- Highlights the need for ongoing education and practice to be a successful day trader
- Contains practical information on entering and exiting trades and stop loss strategies
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