Trading for Dummies (ISBN - 0470438401).pdf

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M a k i n g E ve r y t h i n g E a s i e r !
2 nd E d i t io n
Learn to:
Trade stocks in any type of market
Analyze trends and indicators
Minimize risk and maximize return
Conduct technical analysis
Michael Griffis, MBA
Stock trader
Lita Epstein, MBA
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Trading
FOR
DUMmIES
2 ND EDITION
by Michael Gri s and Lita Epstein
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Trading For Dummies, 2nd Edition
Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com
Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana
Published by Wiley Publishing, Inc., Indianapolis, Indiana
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or
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ISBN: 978-0-470-43840-4
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About the Authors
Michael Griffi s became an active trader in the mid 1980s. He rst traded
commodities and precious-metals after taking a commodities trading class as
part of his MBA program at Rollins College. He turned his interest in trading
into a profession and became a stock broker in 1992, where he helped busi-
ness and individuals manage investments in stocks, bonds, mutual funds,
retirement plans, 401(k) employee-savings plans, and asset management pro-
grams. Today, he mostly trades for his own account.
In addition, Michael is an author and business owner and has written about
stock trading for online audiences. Outside of the business and investment
world, he is active in his community and volunteers his time and talents as a
fundraiser for civic and nonpro t organizations.
Lita Epstein, who earned her MBA from Emory University’s Goizueta
Business School, enjoys helping people develop good nancial, investing, and
tax planning skills. She designs and teaches online courses on topics such as
accounting, reading nancial reports, investing for retirement, getting ready
for tax time, and nance and investing for women. She has written more than
20 books, including Bookkeeping for Dummies and Reading Financial Reports
For Dummies , both published by Wiley.
Lita was the content director for a nancial services Web site, MostChoice.
com and managed the Investing for Women Web site. As a Congressional
press secretary, Lita gained rst-hand knowledge about how to work within
and around the federal bureaucracy, which gives her great insight into how
government programs work. In the past Lita has been a daily newspaper
reporter, magazine editor, and fundraiser for The Carter Presidential Center.
For fun, Lita enjoys scuba diving and is an underwater photographer. She
hikes, canoes, and surfs the Web for hidden treasures.
Acknowledgments
We would like to thank all the people who have been instrumental in making
this new edition a reality. In particular, we’d like to thank Jessica Faust at
BookEnds for getting us connected with Wiley. We’d also like to thank all
of the wonderful For Dummies folks at Wiley, especially Michael Lewis and
Corbin Collins for shepherding this project to completion and for advice and
suggestions, and Russell Rhoads for keeping us accurate. Also, we appreciate
the extraordinary efforts of Chip Anderson, owner of StockCharts.com, for
his help providing the example charts used throughout this book.
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