Trading for Dummies
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| Trading for Dummies | |||||||||||||||||||||||||||||
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When people think of stock trading, they often think of the glory days of the Internet, when stocks just kept going up and everyone seemed to be making a fortune. Since the bubble burst, many people are scared of investing in the stock market. Sure, stocks are risky—just like any other investment—but with the right knowledge and tactics, there’s still money to be made.
Trading For Dummies isn’t about high-risk, fast-paced day trading. It’s a simple, straightforward guide to the ins and outs of stock investing that offers a measured, level-headed approach to trading. You’ll learn the basics of portfolio management, measuring stock value, market analysis, and much more—all with a focus on risk reduction and steady profits. Inside you’ll learn how to:
This friendly guide presents the kind of honest advice you won’t find in the typical get-rich-quick books on trading. Full of practical tips and tactics—as well as hardnosed insider advice—this handy resource shows you how to build a strong, balanced, and profitable portfolio. Whether you want to save up for your retirement or pay for college, Trading For Dummies will show you how to:
This book has all the tools and honest advice novice stock traders need to get set-up quickly and safely. Basic strategies and stock valuation methodologies let you control your risk exposure and make wise decisions. Trading For Dummies includes everything new traders need with advice on every type of stock or derivative, every kind of trade, and every popular strategy. |
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| Reader Reviews 1 - 16 of 16 | |||||||||||||||||||||||||||||
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| Reader Reviews Below Sorted by Newest First | |||||||||||||||||||||||||||||
| 02-17-08 | 5 | 1\1 |
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The book is very fundamental but I need this anyway. This book provides clarifications on the basic of trading. You will find terminologies quickly that you will need for trading which is very helpful to me. Don't expect this book to show you how to make money but to understand how trading works.
(Review Data Last Updated: 2008-09-05 04:19:48 EST)
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| 06-16-07 | 2 | 5\6 |
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I had hoped that, since this book discusses both fundamental and technical analysis, it would be a balanced blend of the two. However, it is almost entirely a technical analysis book, that acknowledges the existence of fundamentals and not much else.
The fact that the book doesn't match my investment style isn't enough on its own to earn a two-star rating from me. Unfortunately, it is also poorly written, and poorly edited. It is wordy, jargony, confusing, vague, and occasionally (as near as I can tell) inaccurate. Most significantly, it is missing the spark that made the reputation of the Dummies books - the inspired organization and careful choice of topics that allow a single book to provide a useful foundation in a complicated subject. That said, I did (laboriously) read the whole thing. It added some polish to my chart-reading abilities. It also helped me to understand some previously inexplicable aspects of market behavior. I am not likely to become a technical analyst anytime soon, but I now feel slightly better prepared to share the marketplace with them. (Review Data Last Updated: 2008-02-17 21:28:22 EST)
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| 01-05-07 | 5 | 10\10 |
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Trading for Dummies is an excellent book for anyone interested in starting to trade stocks. This book really kept me wanting to read on and on because every section was filled with plenty of information. The way the chapters are arranged were very good in that you don't have to be going back and forth to understand the whole concept. One thing I noticed was that this book is for someone who wants to be a position trader as opposed to a day trader, which is good because that is what I want to do. For someone who knows absolutely nothing about how the stock market works, this book is an excellent read. Overall I give it the full five stars.
(Review Data Last Updated: 2008-02-13 23:43:59 EST)
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| 08-04-06 | 5 | 11\13 |
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Great book. Covers all the bases, including fundamental and technicals. I have read a few of the other Dummies books on investing and all were well written. This book is for those who want to make money, not just buy and hold and hope for the best. I learned more about trading/investing with the Dummies series than 4 years of college majoring in finance. And yes, I have made money.
(Review Data Last Updated: 2008-02-13 23:43:59 EST)
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| 04-14-06 | 5 | 16\17 |
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IMHO The reason the "for dummies" brand has been successfull aside from the catchy name, is the actual content and material of the books themselves.
This book has been a great read for some one like myself that already had an idea of what investing entails, but that does not preclude total beginners with no idea from gaining an immense amount of great information from this book. It is written in plain language and is a great place for a beginner to start his journey. (Review Data Last Updated: 2008-02-13 23:43:59 EST)
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| 01-30-06 | 5 | 1\1 |
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Mostly basic for beginners but still has good stuff that more seasoned traders can learn from..
(Review Data Last Updated: 2006-03-10 06:57:02 EST)
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| 01-30-06 | 5 | 1\1 |
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Mostly basic for beginners but still has good stuff that more seasoned traders can learn from..
(Review Data Last Updated: 2006-04-17 06:51:31 EST)
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| 10-30-05 | 4 | 3\6 |
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This book is especially good for the person who wants a broad overview of investing. It will give you a solid foundation to begin growing your money from. After reading, I opened a Scottrade account because they had the lowest rates ($7), and no inactivity fee. [...] to get a referral for 3 free trades.
(Review Data Last Updated: 2006-03-10 06:57:02 EST)
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| 10-30-05 | 4 | 11\24 |
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This book is especially good for the person who wants a broad overview of investing. It will give you a solid foundation to begin growing your money from. After reading, I opened a Scottrade account because they had the lowest rates ($7), and no inactivity fee. [...] to get a referral for 3 free trades.
(Review Data Last Updated: 2008-02-13 23:43:59 EST)
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| 08-26-05 | 5 | 31\31 |
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Let me first state -- this is not a book for day traders! Although there are chapters on both swing and day trading, the authors concentrate on position trading. Hence, they include several chapters on fundamental analysis and focus on slower signalling indicators. Now, that's out of the way...
The book is well-written, with the not-too-serious yet informative style that hallmarks a good "Dummies" book. The organisation is top notch, and the authors re-iterate tactics they have previously covered when doing so provides a good learning example. There is a limited amount of technical analysis, with the primary focus on patterns (breakout and continuation) and simple indicators--moving averages, MACD, relative strength, e.g. As with most "Dummies" books, you are not by any means an expert on the topic when you finish. However, I believe the reader, having paid close attention, will have a good grasp of the concepts he or she will need to trade, and that this book provides a good introduction and foundation for further research in the field. I give the book 5 stars for well accomplishing the authors' stated purpose, but caution that, if you are looking for a book on short-term trading, you could be disappointed. That having been said, I think it makes a fine base for further reading into such trading. Your mileage may vary. (Review Data Last Updated: 2007-07-08 15:27:16 EST)
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| 08-25-05 | 5 | 11\11 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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Let me first state -- this is not a book for day traders! Although there are chapters on both swing and day trading, the authors concentrate on position trading. Hence, they include several chapters on fundamental analysis and focus on slower signalling indicators. Now, that's out of the way...
The book is well-written, with the not-too-serious yet informative style that hallmarks a good "Dummies" book. The organisation is top notch, and the authors re-iterate tactics they have previously covered when doing so provides a good learning example. There is a limited amount of technical analysis, with the primary focus on patterns (breakout and continuation) and simple indicators--moving averages, MACD, relative strength, e.g. As with most "Dummies" books, you are not by any means an expert on the topic when you finish. However, I believe the reader, having paid close attention, will have a good grasp of the concepts he or she will need to trade, and that this book provides a good introduction and foundation for further research in the field. I give the book 5 stars for well accomplishing the authors' stated purpose, but caution that, if you are looking for a book on short-term trading, you could be disappointed. That having been said, I think it makes a fine base for further reading into such trading. Your mileage may vary. (Review Data Last Updated: 2006-03-10 06:57:02 EST)
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| 08-25-05 | 5 | 42\42 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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Let me first state -- this is not a book for day traders! Although there are chapters on both swing and day trading, the authors concentrate on position trading. Hence, they include several chapters on fundamental analysis and focus on slower signalling indicators. Now, that's out of the way...
The book is well-written, with the not-too-serious yet informative style that hallmarks a good "Dummies" book. The organisation is top notch, and the authors re-iterate tactics they have previously covered when doing so provides a good learning example. There is a limited amount of technical analysis, with the primary focus on patterns (breakout and continuation) and simple indicators--moving averages, MACD, relative strength, e.g. As with most "Dummies" books, you are not by any means an expert on the topic when you finish. However, I believe the reader, having paid close attention, will have a good grasp of the concepts he or she will need to trade, and that this book provides a good introduction and foundation for further research in the field. I give the book 5 stars for well accomplishing the authors' stated purpose, but caution that, if you are looking for a book on short-term trading, you could be disappointed. That having been said, I think it makes a fine base for further reading into such trading. Your mileage may vary. (Review Data Last Updated: 2008-02-13 23:43:59 EST)
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| 05-06-05 | 4 | 7\11 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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Overall this book covers important aspects of day trading. However, a beginner day trader will need more focused trading strategies to make it in this game.
Day trading keeps getting competitive and the stock market doesn't make a difference between the experienced and the newbie traders. So either youre going to make money trading or you are going to lose it in favor of the more seasoned ones. As a trader your homework is all about studying and testing different strategies. That's the only way youre going to know what works and what doesn't for you. Just always keep in mind that a good strategy is simple and practical. Complicated systems will always make you slow in your decision making process. There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Smart Day Trading ( SmartDayTrading com) They focus on short term momentum trading tactics that can help you identify and handle hot stocks while reducing your trading risk. All in all day trading is all about following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results. (Review Data Last Updated: 2006-03-10 06:57:02 EST)
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| 05-06-05 | 4 | 11\21 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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Overall this book covers important aspects of day trading. However, a beginner day trader will need more focused trading strategies to make it in this game.
Day trading keeps getting competitive and the stock market doesn't make a difference between the experienced and the newbie traders. So either youre going to make money trading or you are going to lose it in favor of the more seasoned ones. As a trader your homework is all about studying and testing different strategies. That's the only way youre going to know what works and what doesn't for you. Just always keep in mind that a good strategy is simple and practical. Complicated systems will always make you slow in your decision making process. There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Smart Day Trading ( SmartDayTrading com) They focus on short term momentum trading tactics that can help you identify and handle hot stocks while reducing your trading risk. All in all day trading is all about following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results. (Review Data Last Updated: 2007-07-08 15:27:16 EST)
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| 03-18-05 | 5 | 9\11 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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It's a very good intoduction to the world of trading and stocks market. I like the chapter about fundamental analysis and the basics of technical analysis. Quite clear and yet focused discussion of the main topics and techniques. I recommend this to anyone who have plans to study trading and stocks trading in particular. It should have been named "Stocks trading for Dummies" - but it's Ok.
(Review Data Last Updated: 2006-03-10 06:57:02 EST)
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| 03-18-05 | 5 | 14\16 |
| Reviewer | Permalink | ||||||||||||||||||||||||
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It's a very good intoduction to the world of trading and stocks market. I like the chapter about fundamental analysis and the basics of technical analysis. Quite clear and yet focused discussion of the main topics and techniques. I recommend this to anyone who have plans to study trading and stocks trading in particular. It should have been named "Stocks trading for Dummies" - but it's Ok.
(Review Data Last Updated: 2006-07-07 07:52:11 EST)
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