Contents

Foreword

Introduction

1. The Fire and the Bottom Line

Emotion Rules

The Two Monsters

The Other Emotions

Global Influence

Supply and Demand

Skills of the Trade

Being Wrong — Get Used to It!

Using Your Brain — Both Sides

We are Not Talking Sports Here

Success Bullets

2. Who Controls It All?

The Broad Markets

Stock Markets

Bond Markets

Futures Market

Options Market

Forex Markets

Commodity Markets

The Tree of Greed and Fear

Evolution Happens to All Creatures

Who Shines the Spotlight?

Exchange-Traded Funds

Success Bullets

3. Hold Onto Your Money

Meet the Traders

The Day Trader

The Institutional Day Traders

The Retail Day Traders

The Swing Trader

The Position Trader

Market Pricing

Analyze This

Fundamental Analysis

Technical Analysis

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4 Place Your Orders Please

Market Order

Limit Order

Stop Order

Stop-Limit Order

Trailing Stop Order

Day Orders

Good-'Til-Canceled Orders

Contingent Orders

All-or-None Orders

Fill-or-Kill Orders

Selling Short

Meet the Brokers

Full-Service Brokers

Discount Brokers

Direct-Access Brokers

Proprietary Trading Firms

Futures Brokers

Trading on Margin

Success Bullets

5. Make It Your Business

Goals

What Kind of Trader are You?

Hardware

Software

Your Trading Environment

Browser-Based Trading

Integrated Trading Platform

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6. How Will You Trade?

The Trading Rule Book

Margin Requirements

Settling Trades

Free Riding

Your Trading Account

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7. The Fundamentals

The Economy

The Market Sector

The Companies

The Method to Avoid the Madness

The Analyst

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8. Caught on The Technicalities

The Trading Day

Charting Basics

Line Charts

Bar Charts

The Candlestick Chart

Interpreting Candlestick Patterns

Success Bullets

9. Support and Resistance — Is This a Revolution?

Support Line

Resistance Line

Channels

Fibonacci Retracements

Success Bullets

10 The Basic Indicators

Patterns

Continuation Patterns

Reversal Patterns

Volume

On-Balance Volume (OBV)

Moving Average

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11. Some Bells and Whistles

Other Types of Moving Average

Multiple Moving Averages

Moving Average Convergence / Divergence (MACD)

Bollinger Bands

Momentum

Relative Strength Indicator

Stochastic Oscillator

Average Directional Movement Index (ADX)

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12. Managing The Swing

Your Trading Plan

Choosing Your Stocks

Getting Out

Trend-Following Trading

Countertrend Systems

Breakout Trading

Trading Volatility

Trading Range-Bound

Trading Pullbacks

Stopping Out

Testing Your System

Trading Other Markets

Futures

Options

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13. Have a Nice Day (Trading)!

Trading Tactics

Timing is Everything

Success Bullets

14. If You Have Never Traded Before . . .

Making Your Entrance

Managing the Ride

Making Your Exit

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15. In the End — Self Care

The Importance of Your Mind-Set

The Importance of Physical Care

The Importance of Spiritual Life

Success Bullets

Summary

Glossary

Bibliography