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Beginner: Read this book to understand trading and how to make profit

About the book - Trading for Dummies:

Many people have misconceptions about trading and its risks. Most people
think of the riskiest type of trading — day trading — whenever they hear
the word trader. We’re definitely not trying to show you how to day trade.
Instead, we want to introduce you to the world of position trading, which is
much safer, less risky, and yet a great way to build a significant portfolio.




Don’t get the wrong idea; trading in securities always carries risks. You
should never trade with money that you can’t risk losing. That means trading
with your children’s education savings isn’t a good idea. If you want to trade,
set aside a portion of your savings that isn’t earmarked for any specific use
and that you believe you can put at risk without ruining your lifestyle.

Obviously, we plan to show you ways to minimize risk, but we can’t promise
that you won’t take a loss. Even the most experienced traders, the ones who
put together the best trading systems, don’t have a crystal ball and periodically
get hit by a market shock and accompanying loss. By using the basics of
fundamental and technical analyses, we show you how to minimize your risk,
how to recognize when the market is ripe for a trade, when specific sectors
in the market are the right places to be, how to figure out which phases
economic and market cycles are in, and how to make the best use of all that
knowledge.

You’re ready to enter the exciting world of trading. You can start anywhere
in the book. Each of the chapters is self-contained. But, if you’re totally new
to trading, starting with Chapter 1 is the best way to understand the basics.
If you already know the basics, understand everything about the various
markets and exchanges that you care to know, have a broker picked out, and
have all the tools you’ll need, you may want to start with fundamental analysis
in Part II. Remember, though, to have fun and enjoy your trip through the
exciting world of trading.

Download the e-book here:

Trading for Dummies.pdf















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