Day Trading For Canadians For Dummies
2. Auflage Januar 2021
384 Seiten, Softcover
Wiley & Sons Ltd
Purchase the power to trade smart
Knowledge is power in any endeavor, and in the quick-action world of day trading--with roller-coaster markets, trade wars, and new tax laws inflating both opportunity and risk--being expertly informed is what gives you the power to trade fast with a cool head. The fully updated new edition of Day Trading For Canadians For Dummies--the first in almost a decade--gives you that knowledge, taking you from the basic machinery of short-term markets to building and sticking to a plan of action that keeps your bottom line sitting pretty.
In an easy-to-follow, no-jargon style, award-winning business journalist Bryan Borzykowski provides a complete course in day trading. He covers the basics--such as raising capital and protecting one's principal investments--as well as specialized skills and knowledge, including risk-management strategies and ways to keep your emotions in check when you're plugged into an overheating market. You'll also find sample trading plans and important Canada-specific information, such as the best online brokerage firms, useful local resources, and an overview of the unique tax issues faced by Canadian traders.
* Evaluate strategy and performance
* Read market indicators
* Know your crypto
* Get your options
For day traders, every second counts: With the help of Day Trading For Canadians For Dummies, you'll know where you want to be and how to get there--and how best to profit--fast.
Part 1: Day Trading Fundamentals 5
Chapter 1: All You Need to know about Day Trading 7
Chapter 2: The Business of Day Trading 25
Chapter 3: Introducing the Financial Markets 45
Chapter 4: Assets 101: Stocks, Bonds, Currency, and Commodities 61
Chapter 5: Assets 102: ETFs, Cryptocurrency, Options, and Derivatives 81
Chapter 6: Increasing Risk and Potential Return with Short Selling and Leverage 101
Chapter 7: Managing Your Money and Positions 117
Chapter 8: Planning Your Trades and Trading Your Plans 135
Part 2: Developing Your Strategy 153
Chapter 9: Picture This: Technical Analysis 155
Chapter 10: Following Market Indicators and Tried-and-True Day Trading Strategies 177
Chapter 11: Eliminating Emotion with Program Trading 197
Chapter 12: Day Trading for Investors 217
Chapter 13: Researching Research Services 229
Chapter 14: Testing, Tracking, and Evaluating Performance 247
Part 3: Day Trading, Incorporated 267
Chapter 15: Your Key Vendor: Your Broker 269
Chapter 16: Regulation Right Now 281
Chapter 17: Choosing the Right Accounts 291
Chapter 18: Taxes for Traders 297
Part 4: The Part of Tens 311
Chapter 19: Ten Good Reasons to Day Trade 313
Chapter 20: Ten Common Day Trading Mistakes 319
Chapter 21: Almost Ten Alternatives to Day Trading 325
Chapter 22: Ten Tested Money-Management Techniques 331
Appendix: Additional Resources for Day Traders 337
Index 345