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A Must-Read for Anyone Considering Day Trading Forex, Futures, Stocks, Options, and Cryptocurrencies
Day trading, the practice of buying and selling financial securities on the same day, has grown increasingly popular due to online trading platforms and the promise of quick profits. Day trading is being practised in a variety of financial markets including Forex, Stocks, Futures, Options, and Crypto Currencies. Unfortunately, day trading is not a sustainable career option for 99% of people; in reality, it often leads to major financial losses. While some day traders make money initially, most fail long term and end up losing money in the process. A recent study revealed that only about 1% consistently make profits while most either lose money or break even. Day trading can be incredibly alluring, the idea of making quick profits from buying and selling stocks, currencies, and cryptocurrencies seems like a dream. However, the truth is that day trading can be incredibly dangerous, and the vast majority of traders lose their money. In Day Trading Kills, the author takes a deep dive into the risks of day trading, including emotional trading, margin trading, and the potential for scams and fraud. The book explores how day trading can lead to psychological issues like anxiety, depression, and substance abuse. With a clear and concise writing style, the author provides practical advice on how to avoid these pitfalls and make smart decisions when trading. Anyone considering day trading will find this book to be an essential read before they start risking their money.
Table of Contents:
Introduction
Day Trading Methods
Day Trading Markets
Day trading Versus Investment
Factors Influencing the Market and the Prices
Crypto Currency Market
Technical and Fundamental Analysis
Fundamental Analysis Risks
Technical Analysis Risks
Role and Risks of Human Emotions
Leverage and Borrowed Money
Market and Charts Manipulation
Day Trading Hidden Fees
Physical Health Risks
Mental Health Risks
Personal Relationships
Loneliness and Isolation
Drug Addiction and Substance Abuse
Day Trading Addiction
Discipline and Risk Management
Day Trading Versus Gambling
Crypto Currencies and Shitcoins
Scams and Fraud in Day Trading
Consultation and Signal Services
Trading Bots and Auto Trading
Lack of Stability and Financial Future
Better and Safer Alternatives
Wrap up
ASIN : B0C4KVJZXN
Publication date : May 7, 2023
Language : English
File size : 738 KB
Text-to-Speech : Enabled
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 248 pages