Day Trading on the Edge : A Look-Before-You-Leap Guide to Extreme Investing [first edition]

Book Description Day trading. It’s fast, it’s furious – and, without the right knowledge, it can be fatal to your finances. The lure of making a living—maybe even a fortune – is beckoning thousands of online investor novices into the treacherous realm of day trading. Sadly, many of these fortune hunters are in for a rude – and expensive – awakening, because day trading is not for dilettantes. In fact, more than 80% and perhaps 90% of inexperienced day traders lose their shirts! DAY TRADING ON THE EDGE takes a penetrating look at this radical investing technique – both the good and the bad – and gives readers all the information they need to determine if the day-trading roller coaster is right for them. Packed with practical advice, realistic viewpoints and keen insights, this book explains: what day trading is all about and its long history*the ten steps to selecting a day trading firm* trading at-home vs. at a trading firm*where to obtain the education necessary to succeed*critical money management principles*tax tips for traders to retain their wealth*results of an indepth never-before published survey of over 200 day traders, and more. DAY TRADING ON THE EDGE also interviews eleven seasoned traders for their trading insights and the heads of half a dozen trading firms, provides two expert viewpoints on the importance of the psychology of trading, delineates the latest findings of the regulators on the day trading industry, and peers into the future of the day trading phenomenon.