Trading for Dummies:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
John Wiley & Sons, Inc
[2023]
|
| Ausgabe: | 5th edition |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xvi, 378 Seiten |
| ISBN: | 9781394161485 |
Internformat
MARC
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| 245 | 1 | 0 | |a Trading for Dummies |c by Lita Epstein, MBA (author of Reading financial reports for dummies), Grayson D. Roze (vice president of operations, StockCharts.com) |
| 250 | |a 5th edition | ||
| 264 | 1 | |a Hoboken, NJ |b John Wiley & Sons, Inc |c [2023] | |
| 264 | 4 | |c © 2023 | |
| 300 | |a xvi, 378 Seiten | ||
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| 653 | 0 | |a Business enterprises-Finance | |
| 653 | 0 | |a Corporations-Finance | |
| 653 | 0 | |a Electronic trading of securities | |
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| 700 | 1 | |a Roze, Grayson D. |e Verfasser |4 aut | |
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| adam_text | Contents at a Glance Introduction............................................................................. 1 Part 1: Getting Started with Trading..................................... 5 chapter i: The Ups and Downs of Trading Stocks................................................... 7 chapter 2: Exploring Markets and Stock Exchanges............................................... 19 з: Going for Broke(r): Discovering Brokerage Options............................. 31 chapter chapter 4: Putting Your Key Business Tool to Work: The Computer....................... 47 Part 2: Reading the Fundamentals: Fundamental Analysis.......................................................... бз chapter 5: Fundamentals 101 : Observing Market Behavior.................................... 65 chapter 6: Digging Into Fundamental Analysis.......................................................83 chapter 7: Listening to Analyst Calls...................................................................... 103 Part 3: Reading the Charts: Technical Analysis................ 117 chapter s: Seeing Is Believing: An Introduction to Technical Analysis..................119 9: Reading Bar Charts Is Easy (Really)...................................................... 131 ю: Following Trends to Boost Your Probability of Success......................151 chapter n: Calculating Indicators and Oscillators.................................................. 167 chapter chapter Part 4: Developing Strategies for When to Buy and Sell Stocks..........................................................189 chapter 12: Money
Management Techniques: Building a More Robust Portfolio...................................................... 191 із: Combining Fundamental and Technical Analyses for Optimum Strategy........................................................ 209 chapter 14: Minimizing Trading Risks Using Exchange-Traded Funds................... 229 chapter is: Executing Your Trades......................................................................... 239 chapter 16: Developing Your Own Powerful Trading System............................... 257 chapter Part 5: Risk-Taker s Paradise............................................... 277 chapter 17: The Basics of Swing Trading................................................................. 279 chapter is: The Basics of Day Trading.................................................................... 293 Doing It by Derivatives.......................................................................... 309 chapter го: Going Foreign (Forex)........................................................................... 327 chapter 19:
Part 6: The Part of Tens........................................................ 343 21: More Than Ten Huge Trading Mistakes...............................................345 chapter 22: Ten Trading Survival Techniques......................................................... 353 chapter Index...................................................................................... 359
Table of Contents INTRODUCTION............................................................................1 About This Book........................................................................................ 2 Foolish Assumptions................................................................................ 2 Icons Used in This Book.......................................................................... 3 Beyond the Book...................................................................................... 3 Where to Go from Here.......................................................................... 4 PART 1: GETTING STARTED WITH TRADING.......................... 5 CHAPTER 1: The Ups and Downs of Trading Stocks....................... 7 Distinguishing Trading from Investing.................................................... 8 Seeing Why Traders Do What They Do.................................................... 8 Successful Trading Characteristics......................................................... 9 Tools of the Trade.................................................................................. 10 Taking Time to Trade More Than Just Stocks....................................... 10 Position trading................................................................................ 10 Short-term swing trading................................................................. 11 Day trading........................................................................................11 Going Long or
Short.............................................................................. 12 Managing Your Money.......................................................................... 12 Understanding Fundamental Analysis.................................................. 13 Getting a Grip on Technical Analysis.................................................... 14 Putting Trading Strategy into Practice.................................................. 15 Trading at Higher Risk............................................................................ 17 Remembering to Have Fun!................................................................... 17 CHAPTER 2: Exploring Markets and Stock Exchanges..................19 Introducing the Broad Markets............................................................. 19 Stock markets.................................................................................... 20 Futures markets................................................................................ 20 Bond markets.................................................................................... 21 Options markets.............................................................................. 22 Reviewing Stock Exchanges...................................................................22 New York Stock Exchange (NYSE: ICE)............................................ 22 NASDAQ........................................................................................... 24 Amex (now NYSE MKT LLC)............................................................. 25 Electronic
communications networks (ECNs)................................. 26 Understanding Order Types................................................................. 26 Market order.................................................................................... 27 Limit order....................................................................................... 27 Stop order......................................................................................... 28 Table of Contents ѴІІ
Stop-limit order................................................................................ 29 Good- til-canceled order................................................................... 30 Other order types............................................................................ 30 CHAPTER 3: Going for Broke(r): Discovering Brokerage Options.......................................... зі Why You Need a Broker........................................................................ 32 Exploring Types of Brokers and Brokerage Services........................... 32 Full-service brokers.......................................................................... 32 Discount brokers.............................................................................. 34 Direct-access brokers.......................................................................34 Proprietary trading firms................................................................. 36 Futures brokers................................................................................ 36 Services to Consider When Choosing a Broker..................................... 36 Types of orders supported............................................................... 36 Data tools......................................................................................... 37 Charts............................................................................................... 37 ECN access........................................................................................38 Knowing the Types of Brokerage
Accounts.......................................... 38 Cash accounts.................................................................................. 38 Margin accounts.............................................................................. 38 Options............................................................................................. 39 IRAs and other retirement accounts................................................ 39 Choosing the Right Broker for You....................................................... 41 Considering more than price........................................................... 41 Doing a little research...................................................................... 42 Understanding how you ll be paying.............................................. 43 Getting to Know the Rules..................................................................... 43 Margin requirements.......................................................................43 Settling trades.................................................................................. 45 Free riding......................................................................................... 45 CHAPTER 4: Putting Your Key Business Tool to Work: The Computer.................................................... 47 Making Use of Your Computer............................................................. 48 Identifying trading candidates......................................................... 48 Managing your account................................................................... 49
Improving your trades..................................................................... 49 Finding Price Charts.............................................................................. 49 Checking out Internet charts with delayed prices......................... 51 Considering Internet charts with real-time prices......................... 51 Looking into charting software........................................................ 52 Digging Up Fundamental Data............................................................. 53 Accessing Analyst Reports..................................................................... 54 ѴІІІ Trading For Dummies
Selecting a Trading Platform................................................................. 54 Browser-based trading environments............................................ 55 Integrated trading platforms........................................................... 56 Features to consider........................................................................ 57 Determining Computer Requirements.................................................. 58 Weighing Windows versus Mac versus Linux................................. 58 Configuring your computer system................................................ 59 Accessing the Internet.......................................................................... 61 Picking a browser............................................................................ 61 Securing your computer...................................................................61 PART 2: READING THE FUNDAMENTALS: FUNDAMENTAL ANALYSIS.................................................. 63 CHAPTER 5: Fundamentals 101: Observing Market Behavior ... 65 The Basics of the Business Cycle........................................................... 66 Understanding how periods of economic growth and recession are determined....................................................... 67 Using economic indicators to determine the strength of the economy................................................................................ 68 Relating bull markets and bear markets to the economy.............. 70 Employing a Sector Rotation
Strategy..................................................70 Early recovery....................................................................................71 Full recovery......................................................................................72 Early recession..................................................................................72 Full recession....................................................................................73 Sector rotation.................................................................................. 73 Understanding Economic Indicators................................................... 74 Interest rates.................................................................................... 74 Money supply.................................................................................... 75 Inflation rate..................................................................................... 76 Deflation........................................................................................... 78 Jobless claims.................................................................................... 78 Consumer confidence...................................................................... 79 Business activity................................................................................ 80 Using Data from Economic Indicators..................................................81 CHAPTER 6: Digging Into Fundamental Analysis........................ 8з Checking Out the Income
Statement................................................... 84 Revenues......................................................................................... 85 Cost of goods sold............................................................................ 85 Gross margins.................................................................................. 86 Expenses........................................................................................... 87 Interest payments............................................................................ 88 Tax payments.................................................................................... 89 Table of Contents ІХ
Dividend payments.......................................................................... 89 Profitability........................................................................................ 90 Looking at Cash Flow............................................................................ 91 Operating activities.......................................................................... 92 Financing activities...........................................................................93 Investment activities.........................................................................94 Scouring the Balance Sheet................................................................... 94 Analyzing assets................................................................................ 95 Looking at debt................................................................................ 96 Reviewing goodwill.......................................................................... 97 Determining Stock Valuations............................................................... 97 Earnings........................................................................................... 98 Earnings growth rate........................................................................ 98 Figuring Your Ratios: Comparing One Company s Stock to Another.................................................................................... 99 Price/earnings ratio.........................................................................100 Price/book
ratio.............................................................................. 100 Return on assets............................................................................ 101 chapter?: Listening to Analyst Calls........................................... юз Getting to Know Your Analysts........................................................... 104 Buy-side analysts: You won t see them........................................ 104 Sell-side analysts: Watch for conflicts............................................ 104 Independent analysts: Where are they?........................................ 106 The Importance of Analysts................................................................. 107 Tracking how a company s doing.................................................. 108 Providing access to analyst calls.................................................... 108 Pointers for Listening to Analyst Calls................................................ 110 Understanding the analysts language.......................................... 111 Developing your listening skills......................................................112 Locating Company Calls....................................................................... 115 Identifying Trends in the Stock-Analyst Community......................... 115 PART 3: READING THE CHARTS: TECHNICAL ANALYSIS.............................................................. 117 chapters: Seeing Is Believing: An Introduction to Technical Analysis 119 Understanding the Methodology........................................................120
Finding everything in the price......................................................121 Seeing that price movements are not always random................ 122 Balancing supply and demand...................................................... 122 Understanding where you ve been................................................ 123 Understanding where you re headed............................................ 125 X Trading For Dummies
Answering the Detractors................................................................... 125 Walking randomly.......................................................................... 126 Trading signals known to all......................................................... 127 Executing Your Trading Plan............................................................... 128 Using StockCharts.com........................................................................ 129 CHAPTER 9: Reading Bar Charts Is Easy (Really)........................ i31 Creating a Price Chart.......................................................................... 132 Looking at a single price bar......................................................... 133 Measuring volume.......................................................................... 134 Coloring charts................................................................................ 136 Identifying Simple Single-Day Patterns.............................................. 136 Single-bar patterns........................................................................ 136 Reversal patterns............................................................................ 138 Recognizing Trends and Trading Ranges............................................ 139 Discerning a trading range............................................................. 139 Spotting a trend.............................................................................. 141 Paying attention to time frame..................................................... 142 Searching for
Transitions.................................................................... 143 Support and resistance: The keys to trend transitions................ 143 Finding a breakout........................................................................ 144 Sipping from a cup and handle..................................................... 147 Deciding what to do with a double bottom...................................148 An alternative double-bottom strategy........................................ 149 Looking at other patterns............................................................... 149 CHAPTER 10: Following Trends to Boost Your Probability of Success................................. 151 Identifying Trends................................................................................ 152 Supporting and Resisting Trends....................................................... 153 Drawing trend lines to show support............................................ 154 Using channels................................................................................ 156 Trending and channeling strategies.............................................. 156 Seeing Gaps......................................................................................... 158 Common gap.................................................................................. 158 Breakout or breakaway gap........................................................... 158 Continuation gap............................................................................ 159 Exhaustion
gap.............................................................................. 159 Island gap....................................................................................... 160 Waving Flags and Pennants................................................................. 161 Withstanding Retracements............................................................... 162 Three-step and five-step retracements........................................ 162 Subsequent trading ranges........................................................... 164 Table of Contents ХІ
Dealing with Failed Signals................................................................... 165 Trapping bulls and bears............................................................... 165 Filling the gaps................................................................................ 165 Deciding whether to reverse directions........................................ 166 CHAPTER 11: Calculating Indicators and Oscillators.................. 167 The Ins and Outs of Moving Averages................................................ 168 Simple moving average................................................................. 169 Exponential moving average......................................................... 171 Comparing SMAs and EMAs........................................................... 173 Interpreting and using moving averages....................................... 175 Support and resistance factors...................................................... 177 Deciding the moving average time frame..................................... 177 Understanding Buy and Sell Pressure through Stochastic Oscillators............................................................................................. 178 Calculating stochastic oscillators.................................................... 179 Interpreting stochastic oscillators.................................................. 179 Tracking Momentum with the MACD.................................................. 181 Calculating the MACD..................................................................... 181 Using the
MACD.............................................................................. 183 Revealing Relative Strength................................................................. 185 Calculating relative strength..........................................................186 Putting relative strength to work.................................................. 187 PART 4: DEVELOPING STRATEGIES FOR WHEN TO BUY AND SELL STOCKS.......................................................189 CHAPTER 12: Money Management Techniques: Building a More Robust Portfolio.............. 191 Achieving Your Trading Goals with Smart Money Management ... .192 Managing Your Portfolio..................................................................... 193 Thinking of trading as a business.................................................. 193 Recognizing the trader s dilemma.................................................. 194 Finding a better plan....................................................................... 195 Protecting Your Principal..................................................................... 197 Recovering from a large loss: It ain t easy..................................... 198 Setting a target price for handling losses..................................... 199 Strategies for managing profitable trades.................................... 201 Understanding Your Risks................................................................... 205 Market risks.................................................................................... 205 Investment
risks.............................................................................. 206 Trading risks.................................................................................... 206 ХІІ Trading For Dummies
CHAPTER 13: Combining Fundamental and Technical Analyses for Optimum Strategy................209 Seeing the Big Picture.......................................................................... 210 Knowing when the Fed is your friend............................................ 211 Keeping an eye on industrial production...................................... 211 Watching sector rotation............................................................... 212 Finding the dominant trend........................................................... 216 Selecting Your Trading Stock............................................................... 221 Trading Strategies................................................................................ 223 Trading the bullish transition......................................................... 223 Trading in a bull market................................................................. 223 Trading the bullish pullback........................................................... 224 Trading the bearish transition....................................................... 224 Trading in a bear market............................................................... 225 Trading the bearish pullback......................................................... 225 A hypothetical trading example................................................... 225 CHAPTER 14: Minimizing Trading Risks Using Exchange-Traded Funds............................. 229 What Is an ETF?................................................................................... 229 Examining the
advantages............................................................. 230 Avoiding the flaws.......................................................................... 231 Does Family Matter?............................................................................ 231 Market-weighted ETFs.................................................................... 232 Equal-weighted ETFs...................................................................... 233 Fundamentally weighted ETFs....................................................... 233 Sector Rotation Strategies...................................................................234 Early recovery................................................................................. 234 Full recovery................................................................................... 234 Early recession................................................................................ 235 Full recession..................................................................................235 Analyzing ETFs..................................................................................... 235 Portfolio Construction........................................................................ 237 International trading with ETFs..................................................... 237 Commodities and ETFs.................................................................. 237 Currency trading and ETFs............................................................. 237 Leveraged ETFs
.............................................................................. 238 Inverse ETFs....................................................................................238 Actively Managed ETFs.................................................................. 238 CHAPTER 15: Executing Your Trades............................................. 239 Entering and Exiting Your Trade......................................................... 239 Keeping straight the bid and the ask............................................ 241 Understanding the spread............................................................. 242 Table of Contents ХІІІ
Devising an effective order-entry strategy.................................... 242 Timing your trades: Entering orders after the market closes... .245 Reviewing a week in the life of a trader........................................ 246 Selling Stocks Short.............................................................................. 251 Avoiding Regulatory Pitfalls................................................................. 252 Understanding trade-settlement dates........................................ 252 Avoiding free riding........................................................................ 253 Avoiding margin calls and forced sales........................................ 254 Avoiding pattern-day-trader restrictions...................................... 256 The Tax Man Cometh.......................................................................... 256 CHAPTER 16: Developing Your Own Powerful Trading System 257 Understanding Trading Systems......................................................... 258 Discretionary systems.....................................................................259 Mechanical systems...................................................................... 259 Trend-following systems............................................................... 260 Countertrend systems...................................................................261 Selecting System-Development Tools................................................ 262 Choosing system-development hardware.................................... 262 Deciding on system-development
software.................................262 Finding historical data for system testing.................................... 264 Developing and Testing Trading Systems.......................................... 265 Working with trend-following systems.......................................... 265 Using breakout trading systems.................................................... 268 Accounting for slippage................................................................. 270 Keeping a Trading journal................................................................... 273 Evaluating Trading Systems for Hire....................................................274 PART 5: RISK-TAKER S PARADISE.......................................... 277 CHAPTER 17: The Basics of Swing Trading...................................... 279 Selecting Stocks Carefully..................................................................... 279 Looking at Swing-Trading Strategies.................................................. 281 Trading trending stocks................................................................. 281 Trading range-bound stocks......................................................... 285 Trading volatility............................................................................ 286 Money management issues........................................................... 288 Using Options for Swing Trading......................................................... 289 Getting a Grip on Swing-Trading Risks................................................ 291 Taxes (of
course)............................................................................ 291 Pattern-day-trading rules apply......................................................292 ХІѴ Trading For Dummies
CHAPTER 18: The Basics of Day Trading.......................................... 293 What Day Trading Is All About............................................................. 294 Institutional day traders (market makers).................................... 294 Retail day traders............................................................................ 294 Understanding Account Restrictions..................................................297 The Fed s Regulation T: Margin requirements............................... 297 Settlement: No free rides............................................................... 299 Strategies for Successful Day Trading................................................ 299 Technical needs.............................................................................. 300 Trading patterns............................................................................ 300 Scalping........................................................................................... 301 Trend traders..................................................................................301 Recognizing That Risks Are High......................................................... 301 Liquidity......................................................................................... 302 Slippage........................................................................................... 302 Trading costs................................................................................. 303 Taxes (of course)............................................................................
304 Avoiding the Most Common Mistakes................................................305 chapter 19: Doing It by Derivatives............................................... 309 Types of Derivatives: Futures and Options........................................ 310 Buy now, pay later: Futures........................................................... 310 Wait and see: Options.................................................................... 314 Buying Options and Futures Contracts.............................................. 319 Opening an account...................................................................... 319 Calculating the price and making a buy........................................ 320 Options for Getting Out of Options................................................... 321 Offsetting the option...................................................................... 321 Holding the option ........................................................................ 322 Exercising the option .................................................................... 322 The Risks of Trading Options and Futures.......................................... 323 Minimizing Risks..................................................................................324 chapter 20: Going Foreign (РОГЄХ).................................................. 327 Exploring the World of Forex............................................................... 328 Types of currency traders............................................................. 328 Why currency changes in
value..................................................... 329 What traders do.............................................................................. 330 Understanding Moneyjargon............................................................. 331 Spot transactions............................................................................ 332 Forward transactions.................................................................... 332 Options........................................................................................... 333 Looking at How Money Markets Work................................................334 Table of Contents XV
Different countries, different rules................................................ 334 The almighty (U.S.) dollar............................................................... 335 Organized exchanges.....................................................................335 Taking Necessary Risks in the World Money Market......................... 336 Understanding the types of risks.................................................. 337 Seeking risk protection...................................................................340 Getting Ready to Trade Money........................................................... 340 PART 6: THE PART OF TENS................................................. 343 chapter2i: More Than Ten Huge Trading Mistakes................. 345 Fishing for Bottoms.............................................................................. 345 Timing the Top...................................................................................... 346 Trading against the Dominant Trend.................................................. 346 Winging It............................................................................................. 347 Taking Trading Personally................................................................... 348 Falling in Love....................................................................................... 348 Using After-Hours Market Orders....................................................... 348 Chasing a Runaway Trend...................................................................349 Averaging
Down.................................................................................... 349 Ignoring Your Stops.............................................................................. 350 Diversifying Badly................................................................................ 350 Enduring Large Losses........................................................................ 350 CHAPTER22:Ten Trading Survival Techniques........................... 353 Build Your Trading Tool Chest............................................................. 353 Choose and Use Your Favorite Tools Wisely...................................... 354 Use Both Technical and Fundamental Analyses................................. 354 Count on the Averages to Make Your Moves.................................... 355 Develop and Manage Your Trading System...................................... 356 Know Your Costs.................................................................................. 356 Have an Exit Strategy.......................................................................... 357 Watch for Signals, Don t Anticipate Them.......................................... 357 Buy on Strength, Sell on Weakness....................................................357 Keep a Trading journal and Review It Often...................................... 358 INDEX..................................................................................... 359 ХѴІ Trading For Dummies
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Contents at a Glance Introduction. 1 Part 1: Getting Started with Trading. 5 chapter i: The Ups and Downs of Trading Stocks. 7 chapter 2: Exploring Markets and Stock Exchanges. 19 з: Going for Broke(r): Discovering Brokerage Options. 31 chapter chapter 4: Putting Your Key Business Tool to Work: The Computer. 47 Part 2: Reading the Fundamentals: Fundamental Analysis. бз chapter 5: Fundamentals 101 : Observing Market Behavior. 65 chapter 6: Digging Into Fundamental Analysis.83 chapter 7: Listening to Analyst Calls. 103 Part 3: Reading the Charts: Technical Analysis. 117 chapter s: Seeing Is Believing: An Introduction to Technical Analysis.119 9: Reading Bar Charts Is Easy (Really). 131 ю: Following Trends to Boost Your Probability of Success.151 chapter n: Calculating Indicators and Oscillators. 167 chapter chapter Part 4: Developing Strategies for When to Buy and Sell Stocks.189 chapter 12: Money
Management Techniques: Building a More Robust Portfolio. 191 із: Combining Fundamental and Technical Analyses for Optimum Strategy. 209 chapter 14: Minimizing Trading Risks Using Exchange-Traded Funds. 229 chapter is: Executing Your Trades. 239 chapter 16: Developing Your Own Powerful Trading System. 257 chapter Part 5: Risk-Taker's Paradise. 277 chapter 17: The Basics of Swing Trading. 279 chapter is: The Basics of Day Trading. 293 Doing It by Derivatives. 309 chapter го: Going Foreign (Forex). 327 chapter 19:
Part 6: The Part of Tens. 343 21: More Than Ten Huge Trading Mistakes.345 chapter 22: Ten Trading Survival Techniques. 353 chapter Index. 359
Table of Contents INTRODUCTION.1 About This Book. 2 Foolish Assumptions. 2 Icons Used in This Book. 3 Beyond the Book. 3 Where to Go from Here. 4 PART 1: GETTING STARTED WITH TRADING. 5 CHAPTER 1: The Ups and Downs of Trading Stocks. 7 Distinguishing Trading from Investing. 8 Seeing Why Traders Do What They Do. 8 Successful Trading Characteristics. 9 Tools of the Trade. 10 Taking Time to Trade More Than Just Stocks. 10 Position trading. 10 Short-term swing trading. 11 Day trading.11 Going Long or
Short. 12 Managing Your Money. 12 Understanding Fundamental Analysis. 13 Getting a Grip on Technical Analysis. 14 Putting Trading Strategy into Practice. 15 Trading at Higher Risk. 17 Remembering to Have Fun!. 17 CHAPTER 2: Exploring Markets and Stock Exchanges.19 Introducing the Broad Markets. 19 Stock markets. 20 Futures markets. 20 Bond markets. 21 Options markets. 22 Reviewing Stock Exchanges.22 New York Stock Exchange (NYSE: ICE). 22 NASDAQ. 24 Amex (now NYSE MKT LLC). 25 Electronic
communications networks (ECNs). 26 Understanding Order Types. 26 Market order. 27 Limit order. 27 Stop order. 28 Table of Contents ѴІІ
Stop-limit order. 29 Good-'til-canceled order. 30 Other order types. 30 CHAPTER 3: Going for Broke(r): Discovering Brokerage Options. зі Why You Need a Broker. 32 Exploring Types of Brokers and Brokerage Services. 32 Full-service brokers. 32 Discount brokers. 34 Direct-access brokers.34 Proprietary trading firms. 36 Futures brokers. 36 Services to Consider When Choosing a Broker. 36 Types of orders supported. 36 Data tools. 37 Charts. 37 ECN access.38 Knowing the Types of Brokerage
Accounts. 38 Cash accounts. 38 Margin accounts. 38 Options. 39 IRAs and other retirement accounts. 39 Choosing the Right Broker for You. 41 Considering more than price. 41 Doing a little research. 42 Understanding how you'll be paying. 43 Getting to Know the Rules. 43 Margin requirements.43 Settling trades. 45 Free riding. 45 CHAPTER 4: Putting Your Key Business Tool to Work: The Computer. 47 Making Use of Your Computer. 48 Identifying trading candidates. 48 Managing your account. 49
Improving your trades. 49 Finding Price Charts. 49 Checking out Internet charts with delayed prices. 51 Considering Internet charts with real-time prices. 51 Looking into charting software. 52 Digging Up Fundamental Data. 53 Accessing Analyst Reports. 54 ѴІІІ Trading For Dummies
Selecting a Trading Platform. 54 Browser-based trading environments. 55 Integrated trading platforms. 56 Features to consider. 57 Determining Computer Requirements. 58 Weighing Windows versus Mac versus Linux. 58 Configuring your computer system. 59 Accessing the Internet. 61 Picking a browser. 61 Securing your computer.61 PART 2: READING THE FUNDAMENTALS: FUNDAMENTAL ANALYSIS. 63 CHAPTER 5: Fundamentals 101: Observing Market Behavior . 65 The Basics of the Business Cycle. 66 Understanding how periods of economic growth and recession are determined. 67 Using economic indicators to determine the strength of the economy. 68 Relating bull markets and bear markets to the economy. 70 Employing a Sector Rotation
Strategy.70 Early recovery.71 Full recovery.72 Early recession.72 Full recession.73 Sector rotation. 73 Understanding Economic Indicators. 74 Interest rates. 74 Money supply. 75 Inflation rate. 76 Deflation. 78 Jobless claims. 78 Consumer confidence. 79 Business activity. 80 Using Data from Economic Indicators.81 CHAPTER 6: Digging Into Fundamental Analysis. 8з Checking Out the Income
Statement. 84 Revenues. 85 Cost of goods sold. 85 Gross margins. 86 Expenses. 87 Interest payments. 88 Tax payments. 89 Table of Contents ІХ
Dividend payments. 89 Profitability. 90 Looking at Cash Flow. 91 Operating activities. 92 Financing activities.93 Investment activities.94 Scouring the Balance Sheet. 94 Analyzing assets. 95 Looking at debt. 96 Reviewing goodwill. 97 Determining Stock Valuations. 97 Earnings. 98 Earnings growth rate. 98 Figuring Your Ratios: Comparing One Company's Stock to Another. 99 Price/earnings ratio.100 Price/book
ratio. 100 Return on assets. 101 chapter?: Listening to Analyst Calls. юз Getting to Know Your Analysts. 104 Buy-side analysts: You won't see them. 104 Sell-side analysts: Watch for conflicts. 104 Independent analysts: Where are they?. 106 The Importance of Analysts. 107 Tracking how a company's doing. 108 Providing access to analyst calls. 108 Pointers for Listening to Analyst Calls. 110 Understanding the analysts' language. 111 Developing your listening skills.112 Locating Company Calls. 115 Identifying Trends in the Stock-Analyst Community. 115 PART 3: READING THE CHARTS: TECHNICAL ANALYSIS. 117 chapters: Seeing Is Believing: An Introduction to Technical Analysis 119 Understanding the Methodology.120
Finding everything in the price.121 Seeing that price movements are not always random. 122 Balancing supply and demand. 122 Understanding where you've been. 123 Understanding where you're headed. 125 X Trading For Dummies
Answering the Detractors. 125 Walking randomly. 126 Trading signals known to all. 127 Executing Your Trading Plan. 128 Using StockCharts.com. 129 CHAPTER 9: Reading Bar Charts Is Easy (Really). i31 Creating a Price Chart. 132 Looking at a single price bar. 133 Measuring volume. 134 Coloring charts. 136 Identifying Simple Single-Day Patterns. 136 Single-bar patterns. 136 Reversal patterns. 138 Recognizing Trends and Trading Ranges. 139 Discerning a trading range. 139 Spotting a trend. 141 Paying attention to time frame. 142 Searching for
Transitions. 143 Support and resistance: The keys to trend transitions. 143 Finding a breakout. 144 Sipping from a cup and handle. 147 Deciding what to do with a double bottom.148 An alternative double-bottom strategy. 149 Looking at other patterns. 149 CHAPTER 10: Following Trends to Boost Your Probability of Success. 151 Identifying Trends. 152 Supporting and Resisting Trends. 153 Drawing trend lines to show support. 154 Using channels. 156 Trending and channeling strategies. 156 Seeing Gaps. 158 Common gap. 158 Breakout or breakaway gap. 158 Continuation gap. 159 Exhaustion
gap. 159 Island gap. 160 Waving Flags and Pennants. 161 Withstanding Retracements. 162 Three-step and five-step retracements. 162 Subsequent trading ranges. 164 Table of Contents ХІ
Dealing with Failed Signals. 165 Trapping bulls and bears. 165 Filling the gaps. 165 Deciding whether to reverse directions. 166 CHAPTER 11: Calculating Indicators and Oscillators. 167 The Ins and Outs of Moving Averages. 168 Simple moving average. 169 Exponential moving average. 171 Comparing SMAs and EMAs. 173 Interpreting and using moving averages. 175 Support and resistance factors. 177 Deciding the moving average time frame. 177 Understanding Buy and Sell Pressure through Stochastic Oscillators. 178 Calculating stochastic oscillators. 179 Interpreting stochastic oscillators. 179 Tracking Momentum with the MACD. 181 Calculating the MACD. 181 Using the
MACD. 183 Revealing Relative Strength. 185 Calculating relative strength.186 Putting relative strength to work. 187 PART 4: DEVELOPING STRATEGIES FOR WHEN TO BUY AND SELL STOCKS.189 CHAPTER 12: Money Management Techniques: Building a More Robust Portfolio. 191 Achieving Your Trading Goals with Smart Money Management . .192 Managing Your Portfolio. 193 Thinking of trading as a business. 193 Recognizing the trader's dilemma. 194 Finding a better plan. 195 Protecting Your Principal. 197 Recovering from a large loss: It ain't easy. 198 Setting a target price for handling losses. 199 Strategies for managing profitable trades. 201 Understanding Your Risks. 205 Market risks. 205 Investment
risks. 206 Trading risks. 206 ХІІ Trading For Dummies
CHAPTER 13: Combining Fundamental and Technical Analyses for Optimum Strategy.209 Seeing the Big Picture. 210 Knowing when the Fed is your friend. 211 Keeping an eye on industrial production. 211 Watching sector rotation. 212 Finding the dominant trend. 216 Selecting Your Trading Stock. 221 Trading Strategies. 223 Trading the bullish transition. 223 Trading in a bull market. 223 Trading the bullish pullback. 224 Trading the bearish transition. 224 Trading in a bear market. 225 Trading the bearish pullback. 225 A hypothetical trading example. 225 CHAPTER 14: Minimizing Trading Risks Using Exchange-Traded Funds. 229 What Is an ETF?. 229 Examining the
advantages. 230 Avoiding the flaws. 231 Does Family Matter?. 231 Market-weighted ETFs. 232 Equal-weighted ETFs. 233 Fundamentally weighted ETFs. 233 Sector Rotation Strategies.234 Early recovery. 234 Full recovery. 234 Early recession. 235 Full recession.235 Analyzing ETFs. 235 Portfolio Construction. 237 International trading with ETFs. 237 Commodities and ETFs. 237 Currency trading and ETFs. 237 Leveraged ETFs
. 238 Inverse ETFs.238 Actively Managed ETFs. 238 CHAPTER 15: Executing Your Trades. 239 Entering and Exiting Your Trade. 239 Keeping straight the bid and the ask. 241 Understanding the spread. 242 Table of Contents ХІІІ
Devising an effective order-entry strategy. 242 Timing your trades: Entering orders after the market closes. .245 Reviewing a week in the life of a trader. 246 Selling Stocks Short. 251 Avoiding Regulatory Pitfalls. 252 Understanding trade-settlement dates. 252 Avoiding free riding. 253 Avoiding margin calls and forced sales. 254 Avoiding pattern-day-trader restrictions. 256 The Tax Man Cometh. 256 CHAPTER 16: Developing Your Own Powerful Trading System 257 Understanding Trading Systems. 258 Discretionary systems.259 Mechanical systems. 259 Trend-following systems. 260 Countertrend systems.261 Selecting System-Development Tools. 262 Choosing system-development hardware. 262 Deciding on system-development
software.262 Finding historical data for system testing. 264 Developing and Testing Trading Systems. 265 Working with trend-following systems. 265 Using breakout trading systems. 268 Accounting for slippage. 270 Keeping a Trading journal. 273 Evaluating Trading Systems for Hire.274 PART 5: RISK-TAKER'S PARADISE. 277 CHAPTER 17: The Basics of Swing Trading. 279 Selecting Stocks Carefully. 279 Looking at Swing-Trading Strategies. 281 Trading trending stocks. 281 Trading range-bound stocks. 285 Trading volatility. 286 Money management issues. 288 Using Options for Swing Trading. 289 Getting a Grip on Swing-Trading Risks. 291 Taxes (of
course). 291 Pattern-day-trading rules apply.292 ХІѴ Trading For Dummies
CHAPTER 18: The Basics of Day Trading. 293 What Day Trading Is All About. 294 Institutional day traders (market makers). 294 Retail day traders. 294 Understanding Account Restrictions.297 The Fed's Regulation T: Margin requirements. 297 Settlement: No free rides. 299 Strategies for Successful Day Trading. 299 Technical needs. 300 Trading patterns. 300 Scalping. 301 Trend traders.301 Recognizing That Risks Are High. 301 Liquidity. 302 Slippage. 302 Trading costs. 303 Taxes (of course).
304 Avoiding the Most Common Mistakes.305 chapter 19: Doing It by Derivatives. 309 Types of Derivatives: Futures and Options. 310 Buy now, pay later: Futures. 310 Wait and see: Options. 314 Buying Options and Futures Contracts. 319 Opening an account. 319 Calculating the price and making a buy. 320 Options for Getting Out of Options. 321 Offsetting the option. 321 Holding the option . 322 Exercising the option . 322 The Risks of Trading Options and Futures. 323 Minimizing Risks.324 chapter 20: Going Foreign (РОГЄХ). 327 Exploring the World of Forex. 328 Types of currency traders. 328 Why currency changes in
value. 329 What traders do. 330 Understanding Moneyjargon. 331 Spot transactions. 332 Forward transactions. 332 Options. 333 Looking at How Money Markets Work.334 Table of Contents XV
Different countries, different rules. 334 The almighty (U.S.) dollar. 335 Organized exchanges.335 Taking Necessary Risks in the World Money Market. 336 Understanding the types of risks. 337 Seeking risk protection.340 Getting Ready to Trade Money. 340 PART 6: THE PART OF TENS. 343 chapter2i: More Than Ten Huge Trading Mistakes. 345 Fishing for Bottoms. 345 Timing the Top. 346 Trading against the Dominant Trend. 346 Winging It. 347 Taking Trading Personally. 348 Falling in Love. 348 Using After-Hours Market Orders. 348 Chasing a Runaway Trend.349 Averaging
Down. 349 Ignoring Your Stops. 350 Diversifying Badly. 350 Enduring Large Losses. 350 CHAPTER22:Ten Trading Survival Techniques. 353 Build Your Trading Tool Chest. 353 Choose and Use Your Favorite Tools Wisely. 354 Use Both Technical and Fundamental Analyses. 354 Count on the Averages to Make Your Moves. 355 Develop and Manage Your Trading System. 356 Know Your Costs. 356 Have an Exit Strategy. 357 Watch for Signals, Don't Anticipate Them. 357 Buy on Strength, Sell on Weakness.357 Keep a Trading journal and Review It Often. 358 INDEX. 359 ХѴІ Trading For Dummies |
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| illustrated | Not Illustrated |
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| isbn | 9781394161485 |
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| spelling | Epstein, Lita Verfasser (DE-588)1080400907 aut Trading for Dummies by Lita Epstein, MBA (author of Reading financial reports for dummies), Grayson D. Roze (vice president of operations, StockCharts.com) 5th edition Hoboken, NJ John Wiley & Sons, Inc [2023] © 2023 xvi, 378 Seiten txt rdacontent n rdamedia nc rdacarrier Business enterprises-Finance Corporations-Finance Electronic trading of securities Electronic books Roze, Grayson D. Verfasser aut Erscheint auch als Online-Ausgabe 978-1-394-16149-2 Erscheint auch als Online-Ausgabe 978-1-394-16150-8 Digitalisierung UB Passau - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034258069&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Epstein, Lita Roze, Grayson D. Trading for Dummies |
| title | Trading for Dummies |
| title_auth | Trading for Dummies |
| title_exact_search | Trading for Dummies |
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| title_full | Trading for Dummies by Lita Epstein, MBA (author of Reading financial reports for dummies), Grayson D. Roze (vice president of operations, StockCharts.com) |
| title_fullStr | Trading for Dummies by Lita Epstein, MBA (author of Reading financial reports for dummies), Grayson D. Roze (vice president of operations, StockCharts.com) |
| title_full_unstemmed | Trading for Dummies by Lita Epstein, MBA (author of Reading financial reports for dummies), Grayson D. Roze (vice president of operations, StockCharts.com) |
| title_short | Trading for Dummies |
| title_sort | trading for dummies |
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