Savvy traders can make money in both up and down markets. Trading For Dummies is for investors at all levels who are looking for a clear guide to successfully trading stocks in any type of market. It is also for investors who have experience trading and who are looking for new, proven methods to enhance the profitability of their investments.

This no-nonsense guide presents a proven system for analyzing stocks, trends, and indicators and setting a buy-and-sell range beforehand to decrease risk in any type of market. It stresses the practice of position trading, conducting technical analysis on a company and its performance, and utilizing research methods that enable the trader to strategically select both an entry and exit point before a stock is even purchased. This updated guide features updated stock charts, position trading tips and techniques, and fresh ways to analyze trends and indicators.

• Shows you how to take your portfolio to a higher level
• Explains how to assume more risk, reap more benefits, and build a portfolio
• This edition includes a new chapter on High Frequency Trading

Trading For Dummies gives experienced and novice traders and investors alike the most-up-to-date information on trading wisely in any market.

Michael Griffis, MBA, and Lita Epstein, MBA, work closely with StockCharts.com, offering tools, educational information, expert opinions, and support to traders who want to make more money in the stock market.

Introduction 1

Part I: Getting Started with Trading 5

Chapter 1: The Ups and Downs of Trading Stocks 7

Chapter 2: Exploring Markets and Stock Exchanges 19

Chapter 3: Going for Broke(r): Discovering Brokerage Options 31

Chapter 4: Putting Your Key Business Tool to Work: The Computer 47

Part II: Reading the Fundamentals: Fundamental Analysis 63

Chapter 5: Fundamentals 101: Observing Market Behavior 65

Chapter 6: Digging Into Fundamental Analysis 83

Chapter 7: Listening to Analyst Calls 103

Part III: Reading the Charts: Technical Analysis 117

Chapter 8: Reading the Tea Leaves: Does Technical Analysis Work? 119

Chapter 9: Reading Bar Charts Is Easy (Really) 131

Chapter 10: Following Trends for Fun and Profit 151

Chapter 11: Calculating Indicators and Oscillators 167

Part IV: Developing Strategies for When to Buy and Sell Stocks 187

Chapter 12: Money Management Techniques: When to Hold 'em, When to Fold 'em 189

Chapter 13: Using Fundamental and Technical Analyses for Optimum Strategy 205

Chapter 14: Minimizing Trading Risks Using Exchange-Traded Funds 223

Chapter 15: Executing Your Trades 233

Chapter 16: Developing Your Own Powerful Trading System 251

Part V: Risk-Taker’s Paradise 269

Chapter 17: The Basics of Swing Trading 271

Chapter 18: The Basics of Day Trading 285

Chapter 19: Doing It by Derivatives 299

Chapter 20: Going Foreign (Forex) 317

Chapter 21: Trading for Others: Obtaining Trading Licenses and Certifications 333

Part VI: The Part of Tens 347

Chapter 22: More Than Ten Huge Trading Mistakes 349

Chapter 23: Ten Trading Survival Techniques 357

Index 363