How to Get Started in Electronic Day Trading: Everything You Need to Know to Play Wall Street's Hottest Game - Hardcover

Nassar, David

Hardcover

ISBN 10: 0071345663 ISBN 13: 9780071345668

Publisher: McGraw-Hill Education, 1999

Synopsis

The days of costly broker delays and lousy fills are over! How to Get Started in Electronic Day Trading shows you the inside rules and strategies of Electronic Direct Access Trading (E-DAT), the system that lets you use your own personal computer to consistently buy and sell at the best prices the market has to offer.

Learn how to open an E-DAT account, take day trading profits from easy-to-spot market inconsistencies, use basic technical analysis to spot momentum and profit opportunities from trends, and more. Spawned by new regulations, electronic breakthroughs, and increasingly savvy traders, E-DAT has become the fastest-growing way to trade. This new book gets you in the action immediately!

About this title

About the Author

David Nassar is president of Market Wise Investments and the author of How to Get Started in Electronic Day Trading. He is an established broker with several series licenses from the SEC. He is also a broker/dealer on the NSSDAQ. His firm offers electronic trading facilities to their customers and teaches a five-day seminar on electronic trading.

From the Back Cover

The days of costly broker delays and lousy fills are over! How to Get Started in Electronic Day Trading shows you how using your own personal computer and the Internet you can trade directly with exchange specialists and NASDAQ makers, take substantial profits from fast-moving markets and keep those profits for yourself!

Here are the inside rules and strategies of Electronic Direct Access Trading (E-DAT), the equalizing system that lets you consistently buy and sell at the best prices the market has to offer. Learn up-to-the-minute techniques to: open an Electronic Direct Access trading account, and gain direct access to NYSE's SuperDot, NASDAQ's SOES and SelectNet, and the ECNs; take profits from easy-to-spot market inconsistencies; understand the new screen-based systems that are changing the securities industry. Spawned by new regulations, electronic breakthroughs, and increasingly savvy traders, E-DAT has become the fastest-growing way to trade. Get in the action-immediately with How to Get Started in Electronic Day Trading. The gates of Wall Street, until recently locked tight to the average investor, have been thrown wide open! Electronic Direct Access Trading (E-DAT) puts all traders from multi-billion dollar professionals to individuals at their PCs on level footing.

How to Get Started in Electronic Day Trading takes you to the bleeding edge of today's electronic trading technology. This powerhouse book tells you how to blend NSE and NASDAQ with the Internet and your own computer to stand shoulder-to-shoulder with traders worldwide. Regardless of the prevailing market sentiment Bull, Bear, or Sideways its techniques and strategies will help you take advantage of the profit opportunities that occur every trading day.

Pioneering E-DAT trader and trainer David S. Nassar puts you in the cockpit of the most advanced trading platforms in the world:

quickly learn the rules and regulations of today's E-DAT marketplace;

use stock trading simulators to hone your E-DAT marketplace;

use stock trading simulators to hone your E-DAT skills before putting your own money on the line;

trade directly with NASDAQ market makers;

pocket substantial trading profits while limiting risk;

use basic technical analysis to spot momentum and profit opportunities; dump unwanted shares instantaneously;
fill your orders at the price you want in as little as one second!

In addition, numerous examples of E-DAT strategies in action provide a firsthand feel for the realities of electronic trading. You discover how to trade the long and short side of the market; how to take profits of as
little as 1/8 of a point as your protect yourself against downside risk; make money even when you're right only 30 to 40% of the time; use NASDAQ's Level 2 screen to buy on the bid and sell on the ask, making money on the spread like the market makers have done for years; and many other proven tips and strategies.

If you have a passion for the market-and a passion for fast trading profits while limiting risk-E-DAT is the answer. From hardware and software recommendations through sample trading plans and strategies, including pointers on how to identify the trading style, system, and broker that best fit your needs, How to Get Started in Electronic Day Trading launches you into the screen-based markets that will dominate the 21st century.

Edition details

• Publisher: McGraw-Hill Education
• Publication date: 1999
• Language: English
• ISBN 10: 0071345663
• ISBN 13: 9780071345668
• Binding: Hardcover
• Edition number: 1
• Number of pages: 224