Erhalten Sie Zugang zu diesem und mehr als 300000 Büchern ab EUR 5,99 monatlich.
- Herausgeber: Books on Demand
- Kategorie: Fachliteratur
- Sprache: Englisch
Immerse yourself in the world of day trading with Day Trading for Beginners - Discover the art of day trading, your ultimate guide to mastering the dynamic financial markets. This comprehensive work takes you step-by-step through the fundamentals, strategies and psychological aspects of day trading. From developing a customized trading plan to applying effective risk management techniques and adapting your strategies to changing market conditions, this book covers everything you need to succeed as a day trader. Enriched with practical tips, motivational words and market analysis, Day Trading for Beginners is more than just an introductory book; it's an indispensable companion on your journey to financial success. Whether you're just starting out or looking to hone your skills, this book will give you the tools you need to enter the world of day trading with confidence.
Sie lesen das E-Book in den Legimi-Apps auf:
Veröffentlichungsjahr: 2024
Das E-Book (TTS) können Sie hören im Abo „Legimi Premium” in Legimi-Apps auf:
Ähnliche
Disclaimer
The information and strategies on the stock market and options trading contained in this book are for educational and informational purposes only. The author and publisher assume no responsibility for any loss or damage that may arise directly or indirectly from the use of the information contained in this book.
The contents of this book do not constitute an invitation to buy or sell financial instruments or to participate in stock exchange or options trading. Trading in options and other financial instruments involves risks and is not suitable for all investors.
The examples, figures and strategies are for illustrative purposes only and should not be interpreted as specific advice or recommendations. Past performance is not an indicator of future results and the strategies described in this book do not guarantee profits.
The author and publisher have made every effort to ensure that the information contained in this book is accurate and up-to-date at the time of publication. However, neither the author nor the publisher can be held liable for any errors, omissions or for any results obtained from the use of this information.
Every investment decision you make is your sole responsibility.
Table of contents
Foreword
Introduction to day trading
Aims of the book
Creating a basic understanding
Demystify technical analysis
Teaching practical strategies and techniques
Illuminating the psychological aspects of trading
Showing the way to financial freedom
Who is this book for?
Absolute beginners in trading
Hobby traders with limited success
Part-time traders who strive for more
Professionals looking for an alternative source of income
Anyone seeking financial independence
Part I: Basics of day trading
Introduction to day trading
Definition and differentiation from other trading styles
What is day trading?
Differentiation from other trading styles
The uniqueness of day trading
Historical development of day trading
The beginnings
The emergence of e-commerce
The 1990s: The birth of modern day trading
The dotcom boom and its consequences
The new millennium: progress and professionalization
Advantages and challenges
The advantages of day trading
The challenges of day trading
A balanced view
Understanding the financial markets
Overview of the markets (shares, forex, futures)
Stock market
Forex market
Futures market
Integration into the day trading strategy
Liquidity of the instrument is crucial for day trading
Blue-chip shares: the havens of stability
Futures: The frontline of volatility
Integration into the day trading strategy
How do the financial markets work?
The role of supply and demand
Market participants
Market structures
Trading mechanisms
Economic indicators and events
The ecosystem of the financial markets
Trading hours and their significance
The diversity of trading hours
Why are trading hours important?
Strategic planning
Adaptation to different time zones
Tools of the day trader
Trading platforms and software
The variety of trading platforms
Key functions and tools
Choosing the right platform
Conclusion
Important tools and resources
Market analysis tools
Educational resources
Practical resources
The importance of networking
Conclusion
Setting up the trading workstation
Basic hardware equipment
Ergonomics and comfort
Software and analysis tools
Organization and security
Conclusion
Part II: Technical Analysis and Market Technique
Introduction to technical analysis
Principles and assumptions
Chart types and their interpretation
Trend lines and chart patterns
Supports and resistances
Technical indicators
Moving Averages
RSI, MACD, Bollinger Bands
Application of technical indicators in practice
Volume and market technique
Meaning of trading volume
Volume indicators
VPOC etc.
The volume-weighted moving average (VWMA)
Analysis of market breadth and depth
Part III: Strategies and risk management
Day trading strategies
Trend following strategies
Scalping and momentum trading
Reversal techniques
News trading
Risk management
Importance of risk management in day trading
Position sizing and money management
Stop setting and risk management
Psychology of trading
Emotions and day trading
Discipline and patience
Dealing with losses
Part IV: Practical application
Investment vehicles and markets
Differences between shares, futures and forex
Advantages and disadvantages of various investment vehicles
Specifics of trading with cryptocurrencies
Overarching trends and market analysis
Importance of overarching trends for day traders
Macroeconomic factors and news
Adaptation of day trading strategies to market conditions
Part V: Advanced topics
Development of a trading plan
Definition of trading objectives
Selection of markets and instruments
Trading strategies and methodology
Risk management
Psychological preparation
Review and adjustment
Conclusion
Backtesting and evaluation of strategies
Basics of backtesting
Evaluation of strategies
Adaptation and optimization
Forward Testing
Conclusion
Adaptation and optimization of the trading approach
Analysis of trading results
Evaluation of existing strategies
Introduction of changes
Continuous learning and adaptation
Conclusion
Closing words
Summary of the key messages
Motivation for starting day trading
FOREWORD
Introduction to day trading
Welcome to an exciting journey into the world of day trading, a path that takes you not only through the financial markets, but also through your own self-image and personal development. Day trading, often misunderstood and surrounded by myths, is both an art and a science that requires discipline, patience and a deep understanding of market dynamics. In this foreword, we open the door to a universe where seconds can mean hours and where information overload is both a challenge and a source of countless opportunities.
Day trading is the buying and selling of financial instruments within a single trading day. The aim is to profit from short-term price movements and end the trade with a neutral position before the market closes. However, this definition, as precise as it may be, only scratches the surface of what day trading really is. It is a commitment that requires not only financial but also emotional investment, a constant learning and adapting to the ever-changing waves of the markets.
In the following chapters of this book, we will unfold the complexities of day trading, from basic concepts and strategies to advanced techniques and the essential psychology of trading. Together we will navigate through technical analysis, explore the importance of volume and market technique, develop effective risk management strategies, and learn how to pick the right stocks and trade various investment vehicles such as futures and forex.
This book is aimed at beginners who are ready to take the first step in their day trading career. But it is also a guide for those who have already taken their first steps on this fascinating path and want to deepen their knowledge. Our aim is not only to teach you the tools of the trade, but also to give you the confidence you need to succeed in the markets.
Day trading is more than just a trading strategy; it is a way of life that requires constant vigilance, flexibility and a willingness to learn from every trade - be it a win or a loss. It offers the opportunity to achieve financial independence, but in return demands dedication and a never-ending quest for knowledge.
Let's start this journey together, with open eyes and an open mind, ready to unlock the secrets of day trading. We are at the beginning of a journey that has the potential to change not only your financial future, but also your view of the world.
Aims of the book
At the heart of this book lies a mission: not only to open the doors to a world of financial opportunity for you, the budding day trader, but also to guide you safely through the maze of day trading. "Daytrading for Beginners" is more than just a book; it is a compass, a guide and a faithful companion on a journey that has the potential to change your life. Our goals are ambitious, yet fundamental to your success in the dynamic world of day trading.
Creating a basic understanding
Our first goal is to lay a solid foundation. We want to explain the basics of day trading in a way that is easy to understand, accessible and immediately actionable. From the first steps in day trading to the more complex concepts - we cover it all. This book is designed to serve as your foundation stone on which you can build your day trading career.
Demystify technical analysis
Technical analysis is the backbone of day trading, but for many beginners it can seem intimidating. Our goal is to demystify technical analysis and show you how to recognize chart patterns, interpret indicators and use signals to make trading decisions. We want you to feel confident and competent when using technical analysis tools.
Teaching practical strategies and techniques
Theory is important, but without practical application it remains incomplete. A key aim of this book is to provide you with practical strategies and techniques that you can integrate directly into your day-to-day trading. From risk management to position sizing and stop setting, we provide you with concrete tools to optimize your trades and increase your chances of success.
Illuminating the psychological aspects of trading
Day trading is not only a financial challenge, but also a psychological one. Another aim of this book is to shed light on the psychological aspects of trading and provide you with strategies to help you avoid emotional pitfalls and develop a disciplined trading mindset. We want you to build the mental strength necessary to survive in the often turbulent markets.
Showing the way to financial freedom
Ultimately, this book aims to show you the path to financial freedom. Day trading offers the potential for extraordinary profits, but it also comes with risks. We want you to gain the skills necessary to manage these risks and achieve your financial goals. Our goal is to make you a competent, confident and successful day trader who is in control of your financial future.
"Day trading for beginners" is your guiding star on your way through the world of day trading. With every chapter, every page and every paragraph, we want to bring you closer to your goals. This book is designed not only to increase your knowledge, but also to boost your confidence and inspire you to realize your dreams of financial independence. Join us on this journey and discover what is possible in day trading.
Who is this book for?
"Daytrading for Beginners" was written with a clear vision: It is intended to be a beacon for all those who wish to venture into the stormy waters of the financial market for the first time. This book is aimed at a wide range of readers, from complete novices to those who have already taken their first steps in trading but are looking for a more solid foundation and deeper understanding. Let's take a closer look at who this book is for.
Absolute beginners in trading
If you've never placed a trade before and find the concept of day trading fascinating, but also a little intimidating, then this book is for you. We start with the absolute basics and take you step-by-step through the necessary steps to become a competent day trader. No prior knowledge required, just curiosity and a willingness to learn.
Hobby traders with limited success
Perhaps you have already started trading, but the results have not been what you had hoped for. This book serves as your personal mentor to help you identify common mistakes, refine your strategy and take your trading skills to the next level. We provide you with the tools necessary to learn from the past and succeed with renewed focus.
Part-time traders who strive for more
You may already be trading regularly on the side and are now looking for ways to improve your strategies and perhaps even take the plunge to become a full-time day trader. This book provides you with advanced techniques and insights to help you professionalize your trading practice and achieve your goals.
Professionals looking for an alternative source of income
If you are stuck in your current job and looking for ways to generate extra income, day trading can be a tempting option. This book will show you how to integrate day trading into your everyday life and potentially profit without giving up your day job.
Anyone seeking financial independence
Finally, this book is for anyone who dreams of financial freedom. Day trading can be a way to achieve this goal, but it requires knowledge, discipline and a solid strategy. We provide you with the basics and the advanced knowledge you need to turn that dream into reality.
"Day Trading for Beginners" is written for those who are ready to take on the challenge and take control of their financial future. It doesn't matter where you are right now - this book will pick you up and take you on a journey that will leave you not only with the knowledge you need to day trade successfully, but also with the confidence you need to succeed in the markets. Step into the world of day trading and discover what is possible for you.
