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Trading for Dummies
ISBN: 0764556894     Date Published: 2004-08-27     Author(s): Michael Griffis, Lita Epstein
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Paperback
For Dummies
384 Pages
 
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Last Update:
06/20/2013 01:30:49
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Editorial Review - Book Description:
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:
  • Understand market cycles
  • Choose a great broker
  • Master technical analysis
  • Manage your risk exposure
  • Build a balanced portfolio


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:
  • Prepare yourself with the right tools and information
  • Develop your own custom trading strategy
  • Analyze companies and stocks
  • Understand all the exchanges and markets
  • Understand broker fee structures
  • Analyze market behavior
  • Decipher income statements, balance sheets, and ratios
  • Read charts and graphs
  • Spot trends and profit from them


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.
 
Customer Review:
Total Reviews: (19)
  (10)      (6)      (1)      (2)      (0)
(3) Shared
 
76 of 76 People found the following review helpful.

Good Introduction to Position Trading, August 25, 2005 ByPhysicsTrader (South Carolina) - See all my reviews This review is from: Trading For Dummies (For Dummies (Lifestyles Paperback)) (Paperback) 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...
 
22 of 22 People found the following review helpful.

Excellent foundation for the beginning trader, January 4, 2007 ByOz Man "just the facts" (Brownsville, TX USA) - See all my reviews This review is from: Trading For Dummies (For Dummies (Lifestyles Paperback)) (Paperback) 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.
 
31 of 34 People found the following review helpful.

Great Introduction, April 13, 2006 ByRon Gonzalez (Boston) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Trading For Dummies (For Dummies (Lifestyles Paperback)) (Paperback) 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.
 
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