Understanding Electronic Day Trading covers it all: the hardware and software you need to start, the Internet connection options, reviews of the top online brokers, cutting-edge sources for real-time market information, news, and analysis; and traders’ top picks for real-time information providers. There are interviews with the heads of exchanges, trading firms and data vendors, and reviews and screenshots of the best online resources. Most valuable are the author’s explanations of the NASDAQ Level II screens and the inner workings of the market makers and each of the ECN participants. Also included are rules followed by top traders, and a set derived by the author who more than doubled her own small stake in a four-month experiment for this book.
Introduction:
If you think online trading in stock is:
- Too confusing
- Too risky
- Too expensive
- Too revolutionary …
this book is for you.
Understanding Electronic Day Trading walks you through the exciting new ways you can profit through online trading-right now-starting with a modest online brokerage account from your home computer, up through a five- or six-figure account online or even with an electronic trading brokerage.
This book will answer your questions about online trading and help you get your feet wet with as little as $1000 in an online trading account, just one click away from trading with real-time market feeds and instant access to buying and selling stock at the lowest cost to you. The only requirement? If you don’t already have a home computer linked to the Internet, you’re going to have to summon the guts to take the leap into cyberspace. Once you’ve done that, this book will guide you through the entry-level steps of choosing an online brokerage account with features similar to true electronic direct-access trading. You can now experiment in the privacy of your own home with small, manageable trades in stocks.
You already have an online discount brokerage account? Then you may want to review the capacities of the various companies with an eye to online trading. Ask exactly how quickly they can get you in and out of a stock and where, how, and how fast your orders are executed.
To supplement your online account for trading stock on the New York Stock Exchange and Nasdaq, this book will lead you to the cutting-edge sources for real-time market information, news, and analysis, giving you the online traders’ top picks of real-time information providers-including the free ticker you can program to keep you up to date, second by second, on the stocks you’re watching. Charting and technical analysis will add another dimension to your understanding of the stock market and the online trading universe. You’ll find out what you really need to read and what you should scan to stay current with global macroeconomic trends.
Understanding Electronic Day Trading discusses some of the most popular software tools now available-tools that will help you refine the list of stocks you watch, concentrate your energies, and alert you to sudden, potentially profitable movements in the market.
Contents:
- Where’s the Money?
- The Wild Ride of the EDAT Bandits
- The Growth of Major Markets and the New Trading Realities
- The New Cybermarket
- Getting Online and Getting Educated
- Online Resources for Online Trading
- Industry Focus for Fun and Profit
- Home Base: Choosing an Online Broker
- Warning: If You Try This at Home …
- The Future Is Now
Understanding Electronic Day Trading: Every Investor's Guide to Wall Street's Hottest Phenomenon By Carol A. Troy pdf
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