Swing Trading for Dummies

by Omar Bassal

Increase profit and limit risk with swing trading basics

Swing trading is all about riding the momentum of brief price changes in trending stocks. Although it can be risky, swing trading is popular for a reason, and Swing Trading For Dummies, 2nd Edition, will show you how to manage the risk and navigate the latest markets to succeed at this lucrative trading strategy.

In this updated edition, you'll find expert guidance on new accounting rules, the 2018 tax law, trading in international markets, algorithmic trading, and more. Plus, learn about the role social media now plays in moving asset prices, and how you can tap into online trends to ride price swings.

Understand money management, journal keeping, and strategy planning Focus on fundamental analysis to increase your chance of success Evaluate companies to screen for under- or overvalued stocks Develop and implement your trading plan and calculate performance Starting from the basic differences between swing trading and other trading styles and progressing through plain-English explanations of more advanced topics like charts and reporting standards, Swing Trading For Dummies will help you maintain and grow your assets with swing trading in any market!

Genres: Finance, Business, Economics, Audiobook, Nonfiction

349 pages, Kindle Edition

Published April 4, 2019

Reviews

[Linda]

Lots of useful info but lacking in one section: making the best use of technical indicators. Other than that, it's a pretty good use but he too often uses moving average crossing as a buy indicator which is known not to do particularly well.

[Vinoth Kumar Kannan]

If you're a beginner this book will provide you with good knowledge - creating a trade plan, screener, maintaining a trading journal, etc.
If you've already been exposed to trading a bit, you can skim off lot of portions and speed it up.
The book started off a bit dry, but at the end it did get engaging with more examples and scenarios.
I specifically liked the section where the author takes a full trade - starting from screening stocks top-down to reviewing the trade from his trading journal.
Definitely worth a read; well, a quick read.

[Braeden]

After reading a few beginner books for swing trading, I would recommend this one over the others. It was the most comprehensive. The author talks about chart patterns, technical analysis, fundamental analysis, and risk management which builds a foundation to grow upon.

[John D.]

This was a decent enough read, although there are a couple of really big missed opportunities. I was so excited when the author mentioned walking through an example. I was hoping to see an example of an actual trade(s) and the concrete specific steps that were taken. Instead it was another high level summary of references to chapters repeating the same basic information again, which ultimately led to two trades, one successful and one not. It would have been so much better to see a couple of real trades, the actual steps taken, and the real results. Just adding that would have bumped this up another star or two.

[Vasco]

The bad: The scope of the book is only stock trading. Although interesting, it renders 2/3 of the book useless to someone who exclusively focuses on Forex trading, such as myself. Interesting but not nearly as much value as I would have expected.

The good: It's a good book with a summary of fundamental and technical analysis techniques, as well as other elements such as money management and timeframes. Good to recap some concepts.

[Andi Al Farizi]

Very helpful for people just starting to trade in swing, very clear and not so many jargons.

[William G.]

Comprehensive

The book does a good job of explaining the basics of swing trading. The information was helpful and consistent throughout.

[Ahmed Al Ali]

a great read for beginners

[Rubi]

Nice content but not a brilliant writer.
Meh...

[B. Henry]

A solid introduction to swing trading, though it primarily focuses on the American markets. It is advisable to read it in multiple sessions rather than all at once.

[Jas K. Singh]

Not bad to start swing trading with

It takes a lot of pages to explain simple concepts . That being said it’s not a bad book to get the basic concepts. Some strategies are good , some unclear and some make sense in theory but much harder to implement , at least for me.

[David Roberts]

The book I read to research this post was Swing Trading For Dummies by Omar Bassal which is a very good book which I bought from kindle. Swing Trading is similar to day trading but with the latter you aim for quick gains of a lesser amount often carried out in the same day, with the former you look for bigger gains over a period of time. You use methods like fundamental analysis & technical analysis to analyze the stock market or what ever else you invest in and ideally you make a profit. Something I did read in another book is things like the stock market can be unpredictable you have to remember the people deciding whether to buy or not to buy are only human and sometimes they can inexplecably go up or down against the trend of what they should do. When there is a strong dollar generally US industry does well & when there is a weak dollar generally commodities because they have to be imported and they are priced in dollars do well. Swing trading can be share dealing, commodities or ETF's or even other things. A lot of understanding swing trading is understanding charts especially candle stick charts which were originally used in Japan to track the price of rice. Obviously things like penny shares are best avoided and you want to make an educated guess when trading so minimize the risk. Don't forget you can get a return of 50% if you bet on black or red in a casino but only have a 50% chance of getting it right. The risk is too great and you don't want your trading to go the same way. You have to be reasonably sure the market is going to react the way you want. Even if stocks go down you can still make money by shorting the stocks which means you sell your stock and agree to buy stock on a certain date. Of course afterwards the stock has to go up in price and in the intervening period has to go down or you will end up owing money. I did enjoy reading this book and it is an interesting subject.

[Simone]

It is a great start, not only for Swing Trading but to understand the market psychology in general: what causes the prices to swing? Several factors, and the book explains a couple of them.

After finishing this book, and applying the knowledge of it, one can move further to more specialized books on trading psychology, different strategies and others.

[Anna S.]

This is my first "for dummies" book and I gotta say that this is a good book to have a general idea of what it is. Swing trading is less frequent than day trading and more frequently done compare to conservative/long term trading. Worth to be put at the shelves and look at it over and over again.

[Omar]

Wonderful book by wonderful author

[Dave]

Great basic guide for Swing Trading, with a lot of opinion from author...

[Paul]

Much better than the day trading for dummies book

[Wen Zhe]

Great book for beginners on the topic of swing trading! Very practical.

[Zain Qadri]

Good for people new to swing trading, hence the name 'For Dummies'. However, I wish there were some more advanced topics. Everything was basic level.