Day Trade Online
The explosive growth and low cost of online trading has created anew class of investor who can now make a living buying and sellingstocks over the Internet in a way that was once reserved for WallStreet's most powerful brokerage firms and investment banks. Whiletechnology has made entering the "major leagues" easy, staying inis not. Before taking to the fast-paced, high-risk playing field,it's absolutely essential that you have a firm grasp of the rulesand a solid game plan. Day Trade Online is the play book novicecompetitors need to become strong contenders. Written by seasonedpractitioner Christopher Farrell, it is a one-stop, step-by-stepoverview of how to make a successful living, whether full- orpart-time, trading via the Internet.
Day trading can be quite lucrative, but only if you know what youare doing. As Farrell points out: "Trading for a living is hard.Trading for a living over the Internet is even harder. There aremany challenges and obstacles that confront you. Venturing intothis jungle unprepared is a recipe for disaster." Thisstraightforward guide provides the head start and heads upnecessary to thrive as an Internet day trader, covering everythingfrom the dangers and pitfalls of trading online to an in-depthanalysis of which trading techniques work and which don't.
Day Trade Online presents inside information on the strategies oftop trading firms, including the most secretive, misunderstood, andprofitable function on Wall Street: exploiting the bid-ask spread.Along with complete details on this rarely revealed methodology,you'll learn about: The tools needed to get started in onlinetrading. Trading on the NYSE and NASDAQ. Which stocks to trade -and which to avoid. Beating the specialists and the market makersat their own game. The dangers and pitfalls of onlinebrokers.
Most importantly, you will learn to look at ten different stocksand pinpoint which one to trade, when, at what price, and why. Withthe right know-how, you will then be able to apply this knowledgeto every single stock that you screen.
Written for the day trader, by a day trader, this is indispensablereading for anyone looking to join an increasingly popular - andprofitable - arena.
"I see the ads on television. Open an account and your first tradeis free. Trade as many shares as you'd like for one flat fee. Freereal-time quotes. Free market research. Trade stocks. Tradeoptions. With the click of a mouse. It's that easy. Anyone can doit . . . I think back on my time on Wall Street. Does the littleguy really have a chance?" - from Day Trade Online.
Yes. You do have a chance - a tremendous opportunity to day tradeonline. But only if you are prepared. Only if you know what you aregetting into. In Day Trade Online, a successful online day traderwalks you through the ins and outs of day trading online, andprovides you with everything you need to get started and besuccessful. This step-by-step guide will show you: How to chooseand use online brokers. How to set up an online account. Whatequipment you will need and what it will cost. How much capital youneed. What stocks to trade, when to trade them, when to stay out ofthe game. How to trade on margin - safely and profitably. The daytrader's secret weapon - a strategy for your trades.
Be prepared. Get Day Trade Online for the tools, tips, andstrategies you need to thrive as an Internet day trader. Don't makeyour first trade without it!
What people are saying - Write a review
I bought the book and read it all right, except it works only for the year 1999......the market/technology has changed since then....second section of the book may be helpful, fast moving stocks. Anyway, very good book for the past.
IntroductionSwimming with the Sharks
The Golden Age of Internet Day Trading
Online Brokers RealTime Quote Systems
Considerations for Quitting Your Job and Trading
the BidAsk Spread