Day Trading for Canadians for Dummies
Day Trading for Canadians for Dummies
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Author(s): Logue, Ann C.
ISBN No.: 9780470945032
Pages: 368
Year: 201103
Format: Trade Paper
Price: $ 48.30
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

Know the markets, gain confidence, and buy and sell like the pros Want to succeed as a day trader in Canada? This plain-English guide shows you how day trading works, identifies the all-too-numerous pitfalls, and gives you a step-by-step action plan to get started. From classic and renegade strategies to the nitty-gritty daily practices, you'll see how to keep a cool head and manage risk while you buy and sell your positions. Establish your aims -- determine your trading goals, pick your markets, and develop your business plan Get equipped to trade -- know what to look for in a brokerage, buy the right computer, and ensure your Internet connection and backups are up for the job Prepare for the highs and lows -- distinguish between trading and gambling, learn how to control your emotions, and avoid the dangers of the Internet Understand regulations and taxes -- investigate the U.S. and Canadian regulatory systems, discover how to report your income and expenses, and find an accountant who will work for you Use technical analysis -- recognize trends, calculate indicators, and steer clear of the pitfalls Discover how to use leverage and sell short -- consider the risks and rewards of borrowing money to make money, and investigate what to look for in a short and when to sell Study the psychology and moods of the market -- find out how to read indicators and money flows, and learn to sidestep common traps Evaluate your performance -- test your system, track your trades, and calculate your returns Open the book and find: Personality traits of successful day traders A day in the life of a trader What makes for a good day trading asset Helpful Canadian resources How to troubleshoot and revise your trading plan The money management style that suits you How to day trade in your RRSP and TFSA Ten common day trading mistakes Learn to: Set up your accounts and office Plan and research trades Leverage limited capital Make better portfolio decisions.


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