Daily Chart Trading for Beginners

By Joe Zordi

Daily chart trading is the easiest and fastest chart time frame to invest and trade and make an unlimited income on if you have no experience.  New self-directed traders who want to make money right away should make this book the first beginners book you buy. This book tells you everything you need to know all in one place at one time on how to get going investing and trading every day as a self-directed beginner on a daily chart time frame and how you can begin making money fast from trading.

Daily Chart Trading for Beginners will be a great read for someone who has no experience and needs a starting point for the very first beginner information one must have if you wish to make an unlimited income from trading the financial markets. There are zero short cuts to making to the elite level of the trading business and it is said that 97% of all brand new traders fail, don’t be THAT trader!

Working on a daily chart is the best way for new traders to get going right away to get the edge they need to make money right away. Just remember this, the lower you go on intraday charts the more information you will need to look at and analyze. Also remember that the smart money doesn’t trade intraday and if you want to make money with them you will need to do what they are doing where they are doing it from.

You don’t want to work harder you want to work smarter and the daily chart gives you all the information you need to be consistently profitable on a daily chart time frame. All you need to do at this juncture is spend the time to learn this business the right way from the first day, will you? The money will come on its own trust me on that, you can take that to the bank!

By the time you have read this entire book you will know the progression of learning steps every brand new trader must take to get to the elite level of self-directed investors and traders. I encourage you to pay close attention to what it says in this book and follow the steps it talks about and not skip anything.

• Language: English
• Publisher: Joe Zordi
• Release date: Oct 1, 2017
• ISBN: 9781536536140

Book preview

Daily Chart Trading for Beginners 

How to Trade and Win on the Daily Chart Time Frame

By Joe Zordi

Copyright 2017

Who I wrote this book for

If you are a brand new trader who wants to trade a daily chart and make a lot of money from trading the financial markets this book is for you, it details what new traders need to do to be successful trading from the daily chart time frame. Here is a tip I can give right here right now, smart money does not go below the daily chart time frames to work from and you shouldn’t either.

To make a living as a professional investor and trader and doing it intraday you will need to be trading a very large risk capital account. I strongly advise against day trading unless you have a very large capital account, have been trading for 3-5 years and can trade size. What do I mean by a large capital account size? I mean one hundred thousand or more dollars to start; this is really the only way you could make any real money by trading intraday.

The one thing I can tell you that works is keep it simple and it will be. I strictly am a position trader now, I made some money day trading and got out, I don’t day trade anymore and I don’t recommend you do either, I know you won’t listen to me at least for now and you will day trade so just learn it the right way from the start if that’s what you want to do.

There is really no easy way to do it honestly, there is a certain progression of steps all new traders must go through to be able to drive their own money train to the bank on a daily basis which I have detailed in the book. The progression of steps is to learn money management, gain a hold on your own psychology, learn to read the price charts of the instruments you choose to work in and finally learn how to quantify real supply and demand in the live market to make your trade decisions from.

You will also need to compose a rule based plan which should be based on the type of trading you wish to do as well as what time frame you wish to do it on. You should plan to learn to journal your market activity both on demo and in the live market, there are plenty of journal templates on line that you can download and use as a baseline for your own, and then once you are prepared the right way you can add or delete information from your journal as needed.

I also give you some of the most successful traits of all traders and investors who have made it to the professional elite level. If you wish to make it into this elite club and become a consistently profitable trader and have the knowledge and skills to have long term financial success I encourage you to do whatever it takes to do so, we all did.

I wrote this book for brand new traders and investors who want to get into trading and investing who have no experience that need broad basic knowledge and want to learn to do it the right way the first time so they can have a high probability of making money immediately in the live markets trading and investing real money.

What you will learn in Daily Chart Trading for Beginners will fast track your knowledge of what you need to know to get started learning. You can perhaps go from knowing 0 to trading and making real money in the live markets in as little as 30 days to a couple of months if you do what it says in this book and only look at daily charts to work from. This time frame is not etched in stone and may well take you less or more time depending on how fast you grasp the basic principles of this book and how fast you can employ them in a live market environment.

If you would like to learn to trade and invest in the markets (any markets) and trade and invest in them the right way from the very start of your trading and investing education/career then I highly recommend you do what it says in Daily Chart Trading for Beginners. You should read every single page in this book, multiple times if need be.

Daily Chart Trading for Beginners is meant to expedite your learning curve which can sometimes be long and costly. I spent 5 years teaching myself and learning how to trade and invest. Sure, you can Google this or that information however it would take you many years to learn what I am going to tell you in this book before you could invest any of your hard earned real money in the live markets and have a chance making real money. Daily Chart Trading for Beginners is meant to give you the basic information you need to make a decision as to whether to get into this business or not, you’ll know after having read 2-3 pages if this business is for you or not.

Making some money every day in the live market is every investor and trader's goal or should be, guess what, I do not trade all day to get mine. When I was day trading the futures I was done with my business in the markets most days before the regular market hours even opened, I only traded the open of crude, gold and natural gas however if I was in a position on open of RTH open then so be it. I don't day trade at all anymore and I don't recommend you do either, find an asset to trade that suits your personality, then learn it completely and stick with it.

Seriously though, I don't know one professional trader who trades all day every day. It’s the open and maaaaybe the close of RTH between 330pm EST and 4pm EST on any given day, THAT'S IT, it is all you need. You also don't have always "be in" the market, it's not smart and will only cause your account pain.

Now that I have my own Nano hedge fund I look at charts for maybe 15 minutes a day and I am done for the day, can you get your head around working for 15 minutes a day? You also only really need to look at charts to review your open positions if you are only using a daily chart. Your rule based plan criteria should have already determined where your stop loss and profit targets are so there is nothing you should have to do.

Am I saying trading and investing on a daily chart is right for you, maybe not, however what I am saying is that you should do your own due diligence and then judge for yourself if you want to learn to trade and invest properly. I think you will find that what you will learn along your trading education journey is that you will find what works for you is going to be a combination of different things you have learned along the way, I know it was for me.

Do you want to make money right away in the live market or waste time and perhaps A LOT OF MONEY on doing things the wrong way from the start the cost of which can be steep and be an account killer and no one wants that right?

I have written this book series in a way I feel the progression of information should be learned to be able to go into the live markets with confidence and no fear. The principles in Daily Chart Trading for Beginners can be used in any market on any time frame it does not matter. This is what makes the information so valuable and I give it to you right here in this book and in one place at one time, you’re welcome!

The core of what is presented in Daily Chart Trading for Beginners is how all markets work which is on the principle of supply and demand. There is no mention of anything other than what needs to be learned from the start of your trading/investing career; it is learning supply and demand investing and trading and price action, that’s what you need to focus on from the start if you want to be successful right away.

A lot of trading books teach a top down or a bottom up approach how about the right way approach and doing it the right way from day one. Mostly all of the trading books teach this business not only wrong but they teach it unrealistically, why would you want to learn this way?

If you are thinking that trading and investing in the live market with your hard earned real money is going to be easy and you are going to make millions of dollars doing it you are in for a rude and very expensive awakening. Don't get me wrong you can and will make some money every day in the live markets perhaps LOTS OF IT if you do what it says in Daily Chart Trading for Beginners. Nothing in the market is guaranteed, it's about putting all the probabilities of having a positive outcome as a market participant in your favor that helps you win, let’s start doing that right now in this book shall we!

This is not a get rich quick business. You can become well off, have financial security and freedom to do anything you want in this business and you can do it anywhere in the world. It takes time and patience though and it involves a lot of waiting around till the market comes to you and gives you what you want. Yes that's right, you can actually make the market do exactly what you want and I will tell you how.

Having spent a lot of time on studying and learning trading, reading charts and indicators when all I needed to look at was right there on the chart in front of my eyes all the time every day all day, price action. It does not lie, it cannot, it does precisely the opposite it tells you where the supply and demand in the market is and thus where to make your move. If you are using a daily chart you don’t need to look at too much information.

I spent days, nights, weekends and holidays on studying the aspects of trading that I thought, and that all the educational books tell you will make a better trader. I can’t disagree more now with most of that information. Was learning it