Swing Trading for Dummies is another installment in the long line of ‘For Dummies’ titles. This book focuses on simplifying the swing trading strategy for those who know little to nothing about the subject. This article will provide an overview of the contents of this book as well as mention some advantages and disadvantages that readers can expect.
Swing Trading for Dummies Overview
This book has 15 chapters and just under 300 pages of content. It should take the average reader around two-weeks to complete this book. Swing Trading for Dummies was written by Omar Bassal who is the Head of Asset Management at NBK Capital. He is also registered with the CFA. This book was written for anyone with a desire to learn more about swing trading. As the author doesn’t go into depth on trading in general, this title may be geared towards those with a basic knowledge of this field.
What We Learned
- From this book, we learned the key differences that separate swing trading from day trading and buy-and-hold investing.
- We learned how to determine whether swing trading can be a full-time income, a side-hustle or simply a hobby for fun.
- This book taught us how to choose our own strategy of swing trading based on personal preferences and limitations.
- We learned the difference between technical and fundamental analysis and how each can provide important pieces of information.
- This book clearly laid out the steps necessary to begin swing trading such as setting up an account and finding a broker with whom to work.
- From this book, we learned how to read stock charts as they relate to swing trading.
- This book taught us how to find a company’s financial statements and how to analyze them for a potential investment.
- We learned how to take a top-down and bottom-up approach when analyzing the market.
- This book taught us how to analyze the industry and market that a particular company is in.
- We learned how to value a company’s shares and how that can play into swing trading.
What We Liked
Swing Trading for Dummies did an excellent job of reviewing all key components of swing trading. It would have been easy for the author to simply overview the principles of swing trading. However, he took the time to go into more detail. This extra effort is apparent as each chapter is dedicated to a unique aspect of this style of trading.
Related: Trading for Dummies Book Review
We felt as though we had an intermediate level of understanding for swing trading even though this is just a beginner’s book. Another strength of this book is the simplicity with which the author is able to describe difficult concepts. The reader doesn’t feel overwhelmed as the author takes time to explain even the smallest details. This makes the book much easier to digest overall.
What Could Have Been Done Better
Although this book offers a great overview of many aspects related to swing trading, we found that the chapters can be a bit repetitive. It seems as though the author spends half of each chapter reviewing what had been said in the prior chapter. Even in a book explaining swing trading for beginner’s we found this repetition to actually detract from the book as a whole.
Despite being only around 300 pages long, it seems the author could have cut out a few dozen pages and the readers wouldn’t have been left without any necessary details. We recommend this book to be read by chapter rather than straight through.
This Swing Trading for Dummies Review dove into the details of this book to show readers what they can expect to find inside. Overall, we would highly recommend this to anyone interested in learning more about this method of trading.