Day Trading for Canadians for Dummies

Purchase the power to trade smartKnowledge is power in any endeavor, and in the quick-action world of day trading--with roller-coaster markets, trade wars, and new tax laws inflating both opportunity and risk--being expertly informed is what gives you the power to trade fast with a cool head. The fully updated new edition of Day Trading For Canadians For Dummies--the first in almost a decade--gives you that knowledge, taking you from the basic machinery of short-term markets to building and sticking to a plan of action that keeps your bottom line sitting pretty.In an easy-to-follow, no-jargon style, award-winning business journalist Bryan Borzykowski provides a complete course in day trading. He covers the basics--such as raising capital and protecting one's principal investments--as well as specialized skills and knowledge, including risk-management strategies and ways to keep your emotions in check when you're plugged into an overheating market. You'll also find sample trading plans and important Canada-specific information, such as the best online brokerage firms, useful local resources, and an overview of the unique tax issues faced by Canadian traders.* Evaluate strategy and performance* Read market indicators* Know your crypto* Get your optionsFor day traders, every second counts: With the help of Day Trading For Canadians For Dummies, you'll know where you want to be and how to get there--and how best to profit--fast.

Introduction 1Part 1: Day Trading Fundamentals 5Chapter 1: All You Need to know about Day Trading 7Chapter 2: The Business of Day Trading 25Chapter 3: Introducing the Financial Markets 45Chapter 4: Assets 101: Stocks, Bonds, Currency, and Commodities 61Chapter 5: Assets 102: ETFs, Cryptocurrency, Options, and Derivatives 81Chapter 6: Increasing Risk and Potential Return with Short Selling and Leverage 101Chapter 7: Managing Your Money and Positions 117Chapter 8: Planning Your Trades and Trading Your Plans 135Part 2: Developing Your Strategy 153Chapter 9: Picture This: Technical Analysis 155Chapter 10: Following Market Indicators and Tried-and-True Day Trading Strategies 177Chapter 11: Eliminating Emotion with Program Trading 197Chapter 12: Day Trading for Investors 217Chapter 13: Researching Research Services 229Chapter 14: Testing, Tracking, and Evaluating Performance 247Part 3: Day Trading, Incorporated 267Chapter 15: Your Key Vendor: Your Broker 269Chapter 16: Regulation Right Now 281Chapter 17: Choosing the Right Accounts 291Chapter 18: Taxes for Traders 297Part 4: The Part of Tens 311Chapter 19: Ten Good Reasons to Day Trade 313Chapter 20: Ten Common Day Trading Mistakes 319Chapter 21: Almost Ten Alternatives to Day Trading 325Chapter 22: Ten Tested Money-Management Techniques 331Appendix: Additional Resources for Day Traders 337Index 345