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Trend Trading For Dummies by Barry Burns

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Chapter 2

Gathering What You Need to Get Started

In This Chapter

arrow Assembling the right trading tools

arrow Being ready in case of emergency

Before you begin trend trading, you need the right tools. Now isn’t the time to be frugal. Your trading tools can be the difference between making money and losing money. You need an edge over your trading competition, and one area in which you can get an edge is by using better tools than your competition.

In this chapter, you discover the essential tools you need to put together to be a successful trend trader. You also find out how to prepare for any emergencies that may occur that could hinder your trading efforts.

remember.eps To be successful at trading, you must treat it like the profession it is. And professional traders need professional tools.

Creating Your Trend Trading Toolbox

The world is evolving fast, especially when it comes to technology. To be successful, you must stay on the cutting edge. Let your competitors lag behind because they’re too set in their ways to adapt to new information, too lazy to keep up with the latest education, or too cheap to invest in the latest technology.

Trading is a competition, and some of your competition is extremely ...

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