Everything you need to know to play Wall Street's hottest game! Electronic day trading is taking the investment world by storm. While tens of thousands of trades are already glued to their computer screens, hundreds of thousands are eager to get into the game. "How to Get Started in Electronic Day Trading" covers everything needed to get started in this exciting, fast-paced new area of stock trading. This book is an overall introduction to electronic trading. It discusses the differences among SOES, Island, SuperDOT, and other electronic trading systems, the computer equipment (hardware and software), basic trading strategies and Psychology and money management for the electronic trader.
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Thanks to the ever-increasing real-time access that the public has to financial markets, it's now possible to play in the same league as the market makers who drive the daily price fluctuations of a stock. It's also possible--in fact it's certain--that you'll lose everything to these seasoned professionals unless you have some idea of what you're doing. Which is where David Nassar's How to Get Started in Electronic Day Trading comes in.
Unlike most books of this genre, How to Get Started in Electronic Day Trading really is a primer. Nassar, who runs his own trading firm, does not presume you have much knowledge about how markets work. Instead, the author provides an excellent overview of the dynamics that drive stock prices and the various kinds of electronic access, as well as the broad strategies employed by successful day traders. In addition to providing information about how to open an E-DAT account, Nassar stresses the importance of developing a focused trading strategy and recommends working with a simulator before risking your hard- earned cash.
Day trading is definitely not for everyone, and this book alone will not make you a successful day trader. But if you're the slightest bit interested, How to Get Started in Electronic Day Trading will satisfy your curiosity and may even help you launch a second career.--Harry C. Edwards, Amazon.comReview:
"One of the clearest and most complete day trading primers." Forbes 19990929
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