Publisher's Synopsis
Many are attracted by the freedom, independence and unlimited wealth potential that trading offers-but too few traders take the time to gain a firm foundation of understanding what trading involves before they get started. Knowing how to read the markets, avoid making emotional decisions, and really knowing the type of trading that will work best for your unique personality are the skills that can turn trading failure into success.
Have you heard about trading, but think you don't know enough to get started? Have you tried trading the markets but found it impossible to obtain consistent results? Have you tried trading and lost more money than you've made? Have you been trading a while and can't break out of the habit of treading water? If you answered yes to any of these questions, then this book offers you the key to gaining positive, consistent trading results in any market and during all market conditions. In this book you will become familiar with how the markets work, from basic terminology to charting market trends. Inside, you'll learn the basics of trading, including: -Types of traders-What markets can be traded
-Trading styles
-Time frames used for trading
-Fundamental versus technical analysis
-Selling short
-Charting and trends You'll also learn how to overcome some of the most common pitfalls for new and old traders, including: -Money management
-Goal setting
-Following rules for trading success
-Methods for effectively managing risk This book also includes an intensive questionnaire that will guide you to asking yourself the hard questions and determining what kind of trader YOU want to be. From analyzing your personality, time commitment, energy level and ultimate desires, the questionnaire is all about finding the right trading approach for your unique personality and situation. Written with every type of trader in mind, this book was designed to help strengthen your understanding of the markets, charts, money management and trading styles so that you can reach your ultimate trading goals, whether that means eventually becoming a full-time trader or simply trading part-time to increase your savings or income.
