Trading Course Review

Cashing in on Covered Calls Investing with Stock Options

The most comprehensive and easy-to-follow book on stock option investing ever before on the market, Cashing in on Covered Calls is a powerful tool that will show you how to become the CEO of your own money. Learn to invest with confidence, and generate monthly returns of 2% to 4%. “Using the same blueprint I’d adapted to become a licensed General Dentist, successful vitamin store entrepreneur, Certified Personal Trainer, licensed real estate agent, and seasoned real estate investor; one of self-education, I used to reach the level of an accomplished stock market investor. Year after year my portfolio generated higher returns than those of the average Stock Market. Then, when I started selling options, those returns increased exponentially!” (Alan Ellman). Take control of your financial future and let acclaimed author, Dr. Alan Ellman, guide you through his step by step process, and find out for yourself how the three Golden Rules of options selling can help you create incredible returns with very little risk. The government considers this strategy so safe that it permits you to use it in your self-directed IRA accounts! Perfect if you are searching for a book that touches on areas such as; stock options, stock option investing, stock investing, options trading, stock market, covered calls, personal finance, wealth building, success strategies, IRA accounts, and more!

User Ratings and Reviews

5 Stars KUDOS ON A GREAT BOOK
ALAN, I want to thank you for your book on Covered Calls. I subscribed to a course that cost several thousand dollars to learn all the different ways to use options (Bull Call, Bear Put, Straddles and Iron Condors etc) but they never told much about covered calls. I bought your book for $19.95 and a Subscription to Investors Business Daily. I have recouped my investment in the course and have settled on using covered calls exclusively to do options. My thanks to you for showing me the way. It involves much less risk and your method is a way that I can do options without losing sleep. It does require some monitoring, but that only takes a few minutes a day. Thanks Again

5 Stars cashing in on covered calls
For the first time in my very long life the market is now my friend. This system is so clear and concise I’m even getting great returns in the market. Just following Alan’s advise alone can point you in the right direction toward financial freedom. A must read if your looking to do things right.

Dennis Hand

5 Stars A Must Read !!!
This book is a must read for anyone planning to sell covered calls. It provides a step-by-step approach for the novice investor starting with the basics of how to evaluate a stock and then how to sell options. This is accomplished in a very clear and concise manner. Experienced investors will also significantly benefit by refreshing themselves with the basics, but more importantly introducing them to a variety of advanced concepts such as exit strategies. I enjoyed this book immensely and believe it provides valuable insights into these very specialized transactions.

5 Stars Loved this Book
Best Book on covered call options that I’ve read

This system was a real eye opener -Takes you step by step through the entire process from picking the correct stocks to exit strategies-While most option books only give you a cursory glimpse into covered calls, Ellman’s book goes through the entire process-A must read for beginners and veterans alike

4 Stars Good introduction, but I wanted more
The book contains key concepts for creating a potentially profitable trading system, but doesn’t go into enough detail in certain areas, especially regarding what to do when a stock goes down. I wanted more strategies dealing with managing losses, but I think the author saved that for his extensive line of CDs and DVDs. But you can figure out strategies of your own if you research, ponder, and trade long enough.

My final word is for you the reader to enter the market slowly and get used to the rules of placing trades, to get a feel for how the market moves and how much, and to experience the feeling of having your money on the line (much different than when it’s paper). Eventually you can move into bigger positions and discover how much “stress” you can personally endure. It took me many nights of half-sleep before finding a level of risk/reward I was comfortable with.

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Investing Online For Dummies For Dummies Business and Personal Finance

Investors are becoming a lot more independent these days. With the stock market sinking and soaring from day to day, retirement plans becoming less certain, and a longer life expectancy in retirement, more people are looking for some control over their investments. If you’re one of them, Investing Online For Dummies, 6th Edition might be just what you’re looking for.

The Internet brings a world of investment resources to your desktop, but how do you find your way through the dizzying array of investment possibilities? The Dummies Way, of course! This book helps you set reasonable expectations, assess your risk tolerance, choose an asset allocation, analyze and select investments, and maximize your financial success. You’ll discover how to

• Determine how much you can afford to invest
• Choose an online broker
• Research, trade, and track investments online
• Measure the potential return of a stock
• Maximize your investment knowledge and build a profitable portfolio
• Buy bonds online
• Understand options, commodities, and IPOs

If you’ve decided to take control of your investments but don’t want to make it your full-time job, Investing Online For Dummies, 6th Edition gives you the important information that will also give you confidence. Completely updated to cover all the new online tools and resources, it even provides some bonus assistance on the companion Web site.

User Ratings and Reviews

5 Stars A very complete guide!
The author starts out by building confidence in investing on-line. His eleven Getting Started points (Decide how much you can save and invest, Master the terms, Understand the difference between being an active and passive investor, etc.) set the tone for the entire book. He assumes you have never invested on-line and then shows you exactly how to do it. Not only does he explain how to invest at your computer but he also explains basic terminology (selling stock short, buying a call in options, shareholders’ equity, etc.) so that you are never lost in his explanations. Thankfully, he reserves the deeper topics (Capital-gain distribution nightmare, stock splits, etc.) for the gray sidebars. The hundreds of internet addresses he provides are enough to fill anyone’s bookmarks. This is the kind of book you read with your laptop so that you can check out the references and bookmark those which have meaning to you.

5 Stars You’re only a Dummy if you don’t check out this book!
I don’t know how thorough or concise the first 5 editions of this resource were, but I can tell you this edition is both. I have just recently begun educating myself on the market, and started with the most recommended texts about - or by - Buffett, Lynch, Graham and others. I read the Complete Idiot’s Guide to Investing that was informative. But nothing I’ve read thus far puts so much useful, understandable and resourceful information at your fingertips. Like the reviewer above states, there are HUNDREDS of viable links to largely free sites that cover the full spectrum of investing; from terminology and fundamental/technical analysis, to screeners, analyst ratings, quant models, governance, taxation and how to avoid scams. As mentioned, have your computer close by to bookmark these invaluable resources. Three additional chapters to the book - available online - pick up where the book left off with more advanced concepts and strategies. I can’t recommend this text highly enough.

5 Stars Timely Book
The internet is a two edged sword, and many investors have cut themselves with it. This shows investors the right way to invest with a computer.

4 Stars Investing Online For Dummies
I started out on computers 15 years ago and loved the Dummies books. They made learning fun.

I have now moved into investing and enjoyed the cutting edge articles I read in this book. Much reading and learning is required in stock investing in order to prepare oneself for stepping onto Wall Street. This new 2008 edition of Online Investing is a big help.

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Futures and Options For Dummies For Dummies Business and Personal Finance

The days of buying and holding stocks and mutual funds for years are gone; nowadays, futures and option markets offer some of the best opportunities to make money trading in volatile times. But like all investments, high risk is involved, and in order to become a successful trader you must be prepared to work as a geopolitical analyst, a money manager, and an expert in all types of commodity markets.

Futures & Options For Dummies will show you how trading is done and how to survive and succeed in these ever-changing markets. Filled with nuts-and-bolts advice, you’ll soon discover how to manage the risks involved and reap the rewards of futures and options trading. This straightforward guide gives you the tools you need to understand:

• Ins and outs of trading futures and options
• How to analyze the markets and develop strategies
• Interest-rate futures and speculating with currencies
• How to stock up on indexes
• The direction of commodity futures
• Organizing your financial data and calculating your worth
• Developing strategies now to avoid pain later
• The execution of successful trades

Trading takes an iron-cast stomach and nerves of steel to perform, and this book features ways to keep yourself sane and secure. It also lists resourceful Web sites, commodity exchanges, books, newsletters, and magazines to assist in your trading endeavors. From technical analysis to finding a broker, Futures & Options For Dummies has all the information you need to capitalize on these markets!

User Ratings and Reviews

5 Stars Good as Always
Helped pass the Series 3 license, and helps with understading the industry.

2 Stars Short on details
This isn’t what you expect from the “For Dummies” series. Meaning you don’t close the book feeling you can get started with confidence (unlike, say, Currency Trading for Dummies, after which you can do just that). Overall it’s a useful primer but nothing more. Its strengths are some macroeconomic insights and occasional tips on how the big players play the game. It is average in terms of giving the basics on calls and puts and basic spreads, and it gives the usual overview of charting and technical analysis. The three main weaknesses are: 1) An overemphasis on using historical charts to show where you could have bought and sold based entirely on 20/20 hindsight; 2) Trying to cram in too many subjects in the second half of the book, offering brief intros with very few insights but what feels like at least 2 warning per page on “Don’t forget there is risk involved” and “Moves can be huge and reversals are unexpected;” 3) An absence of an overview of the tools and software available. This last is the clincher why I gave it only 2 stars. Because trading in futures is considered the big league (and rightly so, because there IS huge risk involved), the best softwares cost money and are sold business to business. It is still not considered the realm of the burgeoning individual speculator. For internet software, well for any software, you need to have a simulation so you are expert in the workings of the software before trying to trade real time- imagine losing thousands of dollars because you don’t understand how to correctly set up your spread in the software!

If software does include a simulation package for evaluation, it is likely using simulated data. The better software packages that offer simulation for options will balk at futures and tell you you need to be approved for a futures account, in other words you need to commit before seeing it. This current grey area for individual speculation is to be expected, but that’s why I bought the book, hoping it would bridge those gaps. It did not.

5 Stars need to know
If you’re new to options, this is _the_ book to start with. Surely, online resources are plentiful, but no single web site can give you all the information and explanations you need to really get a good grasp on whqat exactly might be happenning. I’ve already made some money in options but, believe it or not, I’ve made more in stocks because I didn’t quite grasp how these things work. This said, if you understand options and have a good idea of how the underlying (stock) is going to perform you can see your option appreciate 20, 50, or even 100 plus percent in a very short time. This is the draw of options. The most important thing you need to know, however, and this is ‘experience’ speaking, is that you have to, i mean, have to reel in your money if you see so much as 5 or 10 cent markdown in the price of your option. Why? because, unlike stocks, you can always buy right back in if the thing does start going your way With stocks, you usually hold it until you see , say, an 8% depreciation in value. This is not true with options. If you have, say, ten contracts, you’re leveraging 1000 shares. Thus, if your thing goes down 5 cents, you’ve lost 50 dollars; 10 cents, 100 dollars and this usually happens intra-day, within a few minutes. For this reason, options are classified as ‘high risk’, but it’s only high risk if you’re averse to gettting rid of them. Stocks might take 2 or 3 or 5 days or more to show such a drop; that’s when you might sell. Oh, and one more thing…having the right software makes or breaks your trading. Schwab offers options, but not any kind of software that gives you all the information and tools you need. Check around; there’s a few that offer killer stuff. Visit investools.com

I hope this helps future traders but, if you must know, you gotta digest all the info in the options part if you’re to get a grip on the thing.

1 Star Too much and too little
I found the book way too cumbersome. The author tries to write about everything financial and as a result does it very poorly.

I found the section on Options especially weak. He’s taken a straight forward subject and made it seem more complicated.

Pass on this one!

1 Star Confusing with mistakes
I’m new to options so this seemed to be a good place to start and some of the information was helpful but when I found a glaring mistake on page 75 I lost faith in the book and won’t finish it. An example is given of a covered call that is supposed to make $500 or 10% but it actually looses you money with commissions..Read at you own risk

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Futures and Options For Dummies For Dummies Business and Personal Finance

The days of buying and holding stocks and mutual funds for years are gone; nowadays, futures and option markets offer some of the best opportunities to make money trading in volatile times. But like all investments, high risk is involved, and in order to become a successful trader you must be prepared to work as a geopolitical analyst, a money manager, and an expert in all types of commodity markets.

Futures & Options For Dummies will show you how trading is done and how to survive and succeed in these ever-changing markets. Filled with nuts-and-bolts advice, you’ll soon discover how to manage the risks involved and reap the rewards of futures and options trading. This straightforward guide gives you the tools you need to understand:

• Ins and outs of trading futures and options
• How to analyze the markets and develop strategies
• Interest-rate futures and speculating with currencies
• How to stock up on indexes
• The direction of commodity futures
• Organizing your financial data and calculating your worth
• Developing strategies now to avoid pain later
• The execution of successful trades

Trading takes an iron-cast stomach and nerves of steel to perform, and this book features ways to keep yourself sane and secure. It also lists resourceful Web sites, commodity exchanges, books, newsletters, and magazines to assist in your trading endeavors. From technical analysis to finding a broker, Futures & Options For Dummies has all the information you need to capitalize on these markets!

User Ratings and Reviews

2 Stars Short on details
This isn’t what you expect from the “For Dummies” series. Meaning you don’t close the book feeling you can get started with confidence (unlike, say, Currency Trading for Dummies, after which you can do just that). Overall it’s a useful primer but nothing more. Its strengths are some macroeconomic insights and occasional tips on how the big players play the game. It is average in terms of giving the basics on calls and puts and basic spreads, and it gives the usual overview of charting and technical analysis. The three main weaknesses are: 1) An overemphasis on using historical charts to show where you could have bought and sold based entirely on 20/20 hindsight; 2) Trying to cram in too many subjects in the second half of the book, offering brief intros with very few insights but what feels like at least 2 warning per page on “Don’t forget there is risk involved” and “Moves can be huge and reversals are unexpected;” 3) An absence of an overview of the tools and software available. This last is the clincher why I gave it only 2 stars. Because trading in futures is considered the big league (and rightly so, because there IS huge risk involved), the best softwares cost money and are sold business to business. It is still not considered the realm of the burgeoning individual speculator. For internet software, well for any software, you need to have a simulation so you are expert in the workings of the software before trying to trade real time- imagine losing thousands of dollars because you don’t understand how to correctly set up your spread in the software!

If software does include a simulation package for evaluation, it is likely using simulated data. The better software packages that offer simulation for options will balk at futures and tell you you need to be approved for a futures account, in other words you need to commit before seeing it. This current grey area for individual speculation is to be expected, but that’s why I bought the book, hoping it would bridge those gaps. It did not.

5 Stars need to know
If you’re new to options, this is _the_ book to start with. Surely, online resources are plentiful, but no single web site can give you all the information and explanations you need to really get a good grasp on whqat exactly might be happenning. I’ve already made some money in options but, believe it or not, I’ve made more in stocks because I didn’t quite grasp how these things work. This said, if you understand options and have a good idea of how the underlying (stock) is going to perform you can see your option appreciate 20, 50, or even 100 plus percent in a very short time. This is the draw of options. The most important thing you need to know, however, and this is ‘experience’ speaking, is that you have to, i mean, have to reel in your money if you see so much as 5 or 10 cent markdown in the price of your option. Why? because, unlike stocks, you can always buy right back in if the thing does start going your way With stocks, you usually hold it until you see , say, an 8% depreciation in value. This is not true with options. If you have, say, ten contracts, you’re leveraging 1000 shares. Thus, if your thing goes down 5 cents, you’ve lost 50 dollars; 10 cents, 100 dollars and this usually happens intra-day, within a few minutes. For this reason, options are classified as ‘high risk’, but it’s only high risk if you’re averse to gettting rid of them. Stocks might take 2 or 3 or 5 days or more to show such a drop; that’s when you might sell. Oh, and one more thing…having the right software makes or breaks your trading. Schwab offers options, but not any kind of software that gives you all the information and tools you need. Check around; there’s a few that offer killer stuff. Visit investools.com

I hope this helps future traders but, if you must know, you gotta digest all the info in the options part if you’re to get a grip on the thing.

1 Star Confusing with mistakes
I’m new to options so this seemed to be a good place to start and some of the information was helpful but when I found a glaring mistake on page 75 I lost faith in the book and won’t finish it. An example is given of a covered call that is supposed to make $500 or 10% but it actually looses you money with commissions..Read at you own risk

1 Star Too much and too little
I found the book way too cumbersome. The author tries to write about everything financial and as a result does it very poorly.

I found the section on Options especially weak. He’s taken a straight forward subject and made it seem more complicated.

Pass on this one!

5 Stars Good as Always
Helped pass the Series 3 license, and helps with understading the industry.

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Trading Options For Dummies For Dummies Business and Personal Finance

Thinking of trading options, but not sure where to start? Trading Options For Dummies starts you from the beginning with clear, step-by-step advice on how to use top option strategies to reduce your risk while boosting your income and enlarging your retirement portfolio with index, equity, and ETF options.

This plain-English guide explains the common types of options and helps you choose the right ones for your investing needs. You find out how to weigh option costs and benefits, combine options to reduce risk, and build a strategy that allows you to gain no matter what the market may bring. You’ll learn the basics of market and sector analysis and what to look for when trying out a new option strategy. You’ll also find what you need to know about options contract specifications and mechanics. Discover how to:

• Understand option contracts and orders
• Determine and manage your risk
• Guard your assets using options
• Trade options on securities exchanges
• Protect your rights and satisfy your contract obligations
• Target sectors using technical analysis
• Minimize potential losses and optimize rewards
• Map out your plan of attack
• Limit your downside when trading the trend
• Combine options to limit your position risk
• Benefit from exchange traded funds
• Key in on volatility for trading opportunities
• Capitalize on sideways movements

Trading options is serious business. Trading Options For Dummies gives you the expert help you need to succeed.

User Ratings and Reviews

2 Stars This Book is Too Complex for Dummies
I wanted a book which would explain buying and selling options in a thorough way for someone who knew very little about options. This is not the book.

The author seems to have the intent to throw in as many complex terms without every explaining the simple things. Never once in this book is a walk through through on how to buy a call, how to sell the option, or on how to exercise the underlying contract. The same goes for simple puts.

2 Stars ADHD writing style
I wanted something that took me from 0 to 60 in a couple of hours, to explain options in plain english. This book goes from 20 to 120 then back to 40 and up to 80 then back to 10, very poorly constructed and organized.

(My review for Dummies: This book is difficult to follow, jumps around a lot, and rarely satisfies the curiousity at hand)

4 Stars Good for wrapping up loose ends
What this book lacks in detail, it makes in subject completeness.

There are dozens and dozens of great websites out there describing options and trading strategies in far better depth and completeness than this book. So, if you’re looking for complex spreads or techniques, this book will not satisfy you.

However, online searches are so saturated in trading strategies that it’s actually difficult to become aware of real world transactional details (like, “who are the market makers? how does assignment work?”). this book nicely wraps up those “loose ends” that are hardly ever mentioned on your favorite search engine.

3 Stars May be your first book on Options
This book assumes that the reader already have familiarity with stocks, and would like to move further, to options. The author doesn’t take into account the fundamental analysis of the underlying security, however, there is a chapter about the technical analysis. In my point of view, it is a drawback: a reader already familiar with the stock market may be aware of the technical analysis, so either both technical and fundamental need to be covered or none.

The book covers three types of options: stock options, index options, and ETF options. There is a separate chapter devoted to ETFs, but a reader already familiar with a stock market will get no benefit from this chapter.

The book is printed with quite a large font have quite much space around the text, so it is quick to read. This may be a good introductory book to options. It is pretty basic and easy to understand, however, it fails to address an important technique of selling puts as a way of buying the underlying security. Warren Buffett obtains most of his stock holdings through selling puts. He got most of his Coca-Cola Holdings this way, and, recently, Burlington Northern Santa Fe.

If you need a much deeper book on options, I would recommend “The Options Course” by the same author. It doesn’t have the drawbacks above mentioned, very friendly and easy to understand, although it is a much lengthier read.

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Precious Metals Investing For Dummies For Dummies Business and Personal Finance

In recent years, metals have been among the safest and most lucrative investments around, but they are not entirely risk free. Before you begin investing or trading in metals, you need authoritative information and proven investment strategies. You need Precious Metal Investing For Dummies.

This straightforward guide eases you into the precious metals market with sound advice on trading and owning these profitable investments, including gold, silver, platinum, and uranium, as well as high-demand base metals such as zinc and copper. You’ll learn how to research their market performance and choose among an array of proven trading plans and strategies. Plus, you’ll get savvy advice on how to choose a broker, buy stocks and futures that involve metals, maximize your investment return, and minimize your risk. Discover how to:

• Evaluate the different metals
• Add metals to your portfolio
• Decide whether you’re an investor or a trader
• Identify your metal-investment goals
• Weigh the risks and benefits of metals investing
• Buy physical metals
• Use technical analysis to evaluate opportunities
• Make long-term investments in precious metals
• Diversify your metals investments
• Analyze base-metals companies
• Purchase numismatic coins
• Add metals to your mutual fund or ETF portfolio
• Understand how politics effects metals prices

Metals can be an important and valuable addition to any investment portfolio or retirement plan. Make the most out of your investment with Precious Metal Investing For Dummies.

User Ratings and Reviews

4 Stars Lots of info in there.
Interesting book. I was thinking of buying gold as an investment and wanted to do some research.

4 Stars Good starting point but…
What I was really hoping for was more detailed than this book could deliver. However, as far as the history of mineral commodities and an overview, this is a great place to start. I strongly recommend this book for its basic historical perspective. So, what is missing? How about a forecast of things to come?

If this review was helpful, add your vote.

5 Stars An Excellent Resource for the Precious Metals Investor or Someone Who Wants To Be
This is one of the best and most complete books on precious metals investing that I’ve read. It is great for the new investor with little or no knowledge on the subject or the more seasoned investor who has at least some limited experience. It’s certainly not for the very experienced investor in precious metals. It’s not that advanced. As it says, it’s “A reference for the rest of us.”

The book covers all sorts of PM investing, including mutual funds, ETFs, options, futures and physical holding. It gives the advantages and disadvantages of each and makes suggestions for several types of investors.

It also talks about the reporting of each type of bullion and touches on the IRS rulings and your responsibility when selling. It talks about the privacy issue and what type of bullion to buy to provide you with the greatest privacy.

There are also a number of wonderful resources listed in several chapters. I found a number of these resources extremely useful.

The author is a professional. He has no vested interest in selling gold or silver or other metals. It also talks to you about selling — something many books fail to do. The author also discusses technical analysis and other ways to analyze a PM investment.

I highly recommend this book to anyone interested in investing in precious metals at any level. It talks about all forms of metals, not just gold.

-Susanna K. Hutcheson

5 Stars Great start for precious metals
If you are just getting into precious metals, then this is the book for you. The first two things this Dummies book covers are the benefits and the risks of precious metals. Then, it covers the basics from investing, speculating, or trading. Mladjenovic’s given you tips and hints that will help you understand what to do, even if you don’t even know a thing about finance. (Because, I for one hardly knew anything about investing until after I read this book!) Not only does it include the basics on your gold and silver, but it also includes a chapter on uranium and base metals (e.g. copper). Mladjenovic does a great job of telling you how and why the market works. Plus, this book is a good buy anyway since precious metals are always highly valued in the world; they are a finite resource, and they are never worth zero!

I did not read the chapters on mining stocks, futures, and options. They’re a bit too risky for me at the moment, but the bullion and the numismatics sections gave excellent examples and covered the basics very well. The main disappointment I had was the chapter on platinum and palladium. Compared to gold, silver, and uranium, there simply was not enough information that covered the basis of both elements. Only a few words on past market performance were mentioned. I was expecting a little more on platinum because it is the rarest metal on Earth. The websites given were also okay –good enough to point you in a certain direction but sometimes too vague.

5 Stars Scholary yet readable!
This work by Paul Mladjenovic is an excellent contribution to the Dummies series. Rather than trying to entertain the reader which some Dummies authors try to do, the author writes in a serious yet comprehensible style. True to the title, the author gives dozens and dozens of websites helpful in educating oneself and in determining where to invest. The twenty-four chapters, Diversifying with Metals, The Beauty and Benefits of Metals, Discovering the Secret of Silver, Buying Metals Direct, etc. all add another dimension to the world of investing by oneself in precious metals. The work is slow-reading due to all the details but never boring or cumbersome.

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Day Trading For Dummies For Dummies Business and Personal Finance

Day trading is undoubtedly the most exciting way to make money from home. It’s also the riskiest. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies—the low-risk way to find out whether day trading is for you.

This plain-English guide shows you how day trading works, identifies its all-too-numerous pitfalls, and get you started with an action plan. From classic and renegade strategies to the nitty-gritty of daily trading practices, it gives you the knowledge and confidence you’ll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. Learn how to:

• Set up your accounts and your office
• Connect with research and trading services
• Plan and research trades carefully and thoroughly
• Comply with regulations issues and tax requirements
• Leverage limited capital
• Cope with the stress quick-action trading
• Sell short to profit from price drops
• Evaluate your day-trading performance
• Use technical and fundamental analysis
• Find entry and exit points
• Use short-term trading to establish a long-term portfolio

You’ll also find Top-Ten Lists of good reasons to go into day trading, or run from it in terror, as well as lists of the most common (and expensive) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative and rewarding career.

User Ratings and Reviews

1 Star Misleading title…
Should have been “Stock trading for dummies”. Absolutely worthless book, if you are looking for specific day trading information. Full of regurgitated information about technical analysis and stock glossary, etc. Try `The Market Maker’s Edge’ by Josh Lukeman…

5 Stars Very Informative
Very good book, informative, the right level of detail, well written, easy to ready, a good starting book to learn about day trading.

4 Stars A good start
“Day Trading for Dummmies” gives the reader a very basic overview of the various stock markets and other financial instruments available for trading. It also discusses various aspects of technical analysis. Very clearly presented and useful information.

The only downside to the book is that the author constantly states that you should “pick a trading strategy and stick to it” but doesn’t give any guidance about legitimate strategies. There are a lot of cracked pots who have written books on trading strategies. A book like this, designed for introduction, should give you a little more information about where to go for the next step in your trading education.

5 Stars Great for beginners
This book has been wonderful for me explaining the very basics of day trading! I would highly reconmend this book to anyone who wants to see what it’s all about and how things work. It’s obviously not meant to be a detailed book but more of “what this means and what that means”. Perfect for dummmies!

2 Stars Not For Dummies —
I have a Mensa IQ - have traded equities for 15 years and found this book to be complex and difficult to read. It presumes a lot of things that puts this well outside the title ” For Dummies.” “Daytrading for Intermediate to Advanced Traders” would be more honest.

If you are looking for simple understanding of the day trading concept, look elsewhere. If you want an advanced text, this is probably a minimally fair choice.

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