Day Trading for Beginners
Make Winning Trades Using Simple and Proven Trading Strategies in the Financial Markets Today with Zero Trading Experience Required
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Narrated by:
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Curtis Wright
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By:
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A.Z Penn
About this listen
Only 10% of day traders succeed. But if you take day trading seriously and put the work in, you could be one of them - and make great returns while limiting the risks you run.
Many people are tempted by the idea of day trading their way to wealth. The majority of them crash and burn, because they're not adequately prepared. But there's nothing stopping you joining the greats of trading history, like George Soros who made billions trading against the Bank of England, or James Simons, a math professor who designed his own quantitative trading system and ended up a billionaire.
Look at broker eToro's top trader list and you'll see people like you who have traded their way to success. Traders like:
- Jepp Kirk Bonde, who started in 2013 and makes a 31% return.
- Heloise Greffe, now a full-time trader who uses machine learning to refine her trades.
- Or you might look at Steve Cohen who day traded his way to $17 billion net worth, making $10 million a year.
And you could join them too!
But 90 percent of day traders fail. They fail because they make six big mistakes:
- They don't evaluate the risk/reward ratio of each trade.
- They bet the bank, instead of limiting each trade to a smaller percentage of their capital.
- They don't have the discipline to exit a losing trade, and don't use price targets or stop losses.
- They let their emotions run away with them.
- They don't spend time creating solid trading rules and back-testing the rules to make sure they work.
- They don't focus on the investments that give them the best opportunity of a profitable trade.
Even if you've never listened to a trading audiobook, you will understand how to become a successful day trader.
So if you want to understand how to make a lifestyle from day trading, then you should listen to this audiobook!
©2024 A.Z Penn (P)2024 A.Z PennWhat listeners say about Day Trading for Beginners
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- Brian S. Mahoney
- 01-08-24
A Comprehensive Guide to Day Trading Success
"Day Trading for Beginners" by A.Z. Penn is a thorough and accessible introduction to the world of day trading, perfect for those with zero trading experience. The book covers everything from understanding financial markets and trading assets to employing effective strategies and managing risk. Each chapter builds on the previous one, offering practical advice and insights that are easy to follow. Penn's clear explanations and step-by-step guidance make this an invaluable resource for anyone looking to start their journey in day trading.
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- Saya
- 24-08-24
Clear explanations
I'm completely new to trading, but this book gave me all the basics. It breaks down complex concepts into easy-to-understand steps, making it perfect for beginners like me. How it emphasized the critical mistakes that many traders make, such as poor risk management and emotional trading was so helpful to avoid any easy to fix mistakes. The strategies provided are not only clear but actionable, giving me the confidence to start thinking about my own trading plan!
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- Aplin2007
- 27-08-24
VERY INFORMATIVE & PRACTICAL!
This audiobook is a must-listen for anyone serious about day trading! It demystifies the complexities of trading with clear, actionable advice and real-world examples. I felt empowered and confident, learning how to avoid common pitfalls and manage risks effectively. The practical strategies and straightforward explanations made it easy to understand, even as a beginner. If you're ready to take trading seriously and aim for success, this is the guide you need!
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- Axel Lewis
- 04-08-24
Perfect Starting Point for Aspiring Traders!
I recently picked up this book to dip my toes into the world of day trading, and it’s been an invaluable resource. The concepts are explained in a way that's easy to understand, even for someone like me with zero trading experience. The strategies are straightforward and actionable, giving me the confidence to start making trades. I appreciate the real-life examples that make it relatable and practical. It's a must-read for anyone curious about day trading and looking for a solid foundation. If you're new to trading and want to learn the basics, this book is a great starting point!
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- Christine Shariat
- 28-08-24
Learned a lot
This guide is a great starting point for anyone curious about the world of day trading. As someone with minimal experience, I've bee overwhelmed on where to start and how navigate through all the advice and tips that are out there. I like that this guide provides a realistic look at both the potential rewards and the common pitfalls, with plenty of practical strategies to help you avoid the mistakes many new traders make. The examples of successful traders were both helpful inspiring, and the emphasis on risk management gave me confidence to start my own trading journey. Overall I learned a lot I will use
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- A. A
- 27-08-24
Your Perfect Guide For Day Trading
Day trading can be scary, especially when you don't understand the market and how to manoeuvre your way around it. As the author explains, 90% of traders lose out and burn. The many real-life examples and the pitfalls that led to many failures such as letting their emotions get the better of them or not being able to properly evaluate risks, help to put it all in perspective. It gives a good understanding of the financial market and asset trading, making you better equipped to manage your risk. The audiobook is beginner-friendly as it is very explicit and straight to the point.
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- Joyce Bui
- 26-08-24
A Valuable Resource for Day Traders
This book breaks down the basics of the stock market into easy-to-understand terms. The author and narrator do a great job of explaining complex concepts in a way that even a beginner can grasp. While the book provides a solid foundation, remember that day trading requires practice and experience to be successful. Overall, it is a valuable resource for anyone interested in learning about the stock market
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- janewriting
- 10-08-24
An excellent introduction to a complex subject
the author warns at the beginning that many people lose money day trading. Throughout the book there is an emphasis on making decisions based on detailed information and close study of market priced. Excellent with additional bonus resources available online.
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- Diana Freel
- 26-08-24
Ready to trade
I used to view day trading as an impenetrable field reserved for finance gurus until I stumbled upon this eye-opening audiobook. It debunked the myth that only financial experts can succeed in day trading, presenting it instead as a feasible avenue for ordinary individuals willing to put in the effort. The clear breakdown of the common pitfalls faced by 90% of day traders who fail provided a sobering perspective on what not to do. From managing the risk/reward ratio of each trade to setting disciplined price targets and stop losses, the strategies laid out are practical and grounded in real success stories from traders like Jepp Kirk Bonde and Heloise Greffe. Their stories inspired me to approach day trading with a new mindset focused on disciplined investments and emotional control. If you're serious about cracking the day trading code and potentially joining the ranks of the top traders, this audiobook is an essential resource that could transform your trading strategy and financial future.
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- Queen Bonny
- 25-08-24
Now I know where to begin!
As someone who has considered day trading but wasn’t sure where to start, this book provided a solid foundation. The author breaks down complex trading strategies into simple, actionable steps, making the world of day trading feel more accessible. I appreciated how it covered both the potential rewards and the risks, emphasizing the importance of discipline and strategy. The real-world examples of successful traders were inspiring and made the idea of trading seem more achievable. If you're new to day trading and want a practical guide, this audiobook is a great place to begin.
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