Synopses & Reviews
the explosive growth and low cost of online trading has created a new class of investor who can now make a living buying and selling stocks over the Internet in a way that was once reserved for Wall Street's most powerful brokerage firms and investment banks. While technology has made entering the "major leagues" easy, staying in is not. Before taking to the fast-paced, high-risk playing field, it's absolutely essential that you have a firm grasp of the rules and a solid game plan. Day Trade Online is the play book novice competitors need to become strong contenders. Written by seasoned practitioner Christopher Farrell, it is a one-stop, step-by-step overview of how to make a successful living, whether full- or part-time, trading via the Internet. Day trading can be quite lucrative, but only if you know what you are doing. As Farrell points out: "Trading for a living is hard. Trading for a living over the Internet is even harder. There are many challenges and obstacles that confront you. Venturing into this jungle unprepared is a recipe for disaster." This straightforward guide provides the head start and heads up necessary to thrive as an Internet day trader, covering everything from the dangers and pitfalls of trading online to an in-depth analysis of which trading techniques work and which don't. Day Trade Online presents inside information on the strategies of top trading firms, including the most secretive, misunderstood, and profitable 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 online trading
* Trading on the NYSE and NASDAQ
* Which stocks to trade-and which to avoid
* Beating the specialists and the market makers at their own game
* The dangers and pitfalls of online brokers
Most importantly, you will learn to look at ten different stocks and pinpoint which one to trade, when, at what price, and why. With the right know-how, you will then be able to apply this knowledge to every single stock that you screen. Written for the day trader, by a day trader, this is indispensable reading for anyone looking to join an increasingly popular-and profitable-arena.
Review
Of the many day-trading books that have made it on the Business Week list in the past year, Farrell's is perhaps the most readable. Unlike the other tomes written by veteran traders, his book really starts from the beginning, explaining how stocks are traded. Then he lays out some basic common sense -day traders should choose their moments carefully, getting in and out of stocks quickly, aiming to "hit singles, not home runs," he writes. He clearly explains the pros and cons of using regular online discount brokerage accounts and advises readers to expect occassional glitches and late order fills as part of the costs of doing business...Ultimately, DAY TRADE ONLINE is most successful at giving the reader a realistic picture of what the life of an online day trader is like.
Synopsis
YOUR TICKET TO ONE OF TODAY'S HOTTEST FORMS OF TRADING
Day Trade Online
"If you've been thinking about joining the estimated 5 million online traders, then this book is for you."-Amazon.com
". . . successful at creating a realistic picture of the life of an online trader." -Business Week
In 1999, Day Trade Online became a worldwide phenomenon-and reached The Wall Street Journal, Business Week, USA Today, and the New York Times "Business" bestseller lists. Now, this new paperback edition revisits the hardcover edition's cutting-edge trading strategies and techniques. Let Christopher Farrell show you how to beat Wall Street at its own game, and make money in today's volatile markets.
Visit www.farrelltrading.com for more information or to contact Christopher A. Farrell with questions.
Visit our Web site at www.wileyfinance.com
Synopsis
Day Trade Online - Jetzt neu als Broschurausgabe
Durch die geringen Kosten im Online Trading ist ein ganz neuer Anlegertyp entstanden. So, wie es fr her nur den m chtigsten Brokerh usern und Investmentbanken an der Wall Street vorbehalten war, bestreiten jetzt die Online Day Trader ihren Lebensunterhalt mit dem Kauf und Verkauf von Aktien ber das Internet. Day Trade Online ist ein praktischer Leitfaden, der umfassend und ersch pfend erl utert, wie man vom Online Trading leben kann. Dabei behandelt Autor Christopher Farrell das komplette Spektrum, angefangen bei den Grundlagen bis hin zu tiefgreifenden Strategien f r den Handel mit b rsennotierten Aktien und Freiverkehrswerten. Mit diesem Buch k nnen sich Neulinge auf diesem Gebiet schnell einen berblick verschaffen und sich rasch in die Grundlagen des Online Daytrading einarbeiten. Dabei werden alle Aspekte des expandierenden Onlinehandels ber cksichtigt - ob typische Gefahrenquellen und Fallstricke, oder detaillierte Analysen, welche Handelstechniken funktionieren und welche nicht. Mit einer F lle praktischer Tipps und Strategien f r erfolgreiches Online Trading.
Synopsis
Be prepared. Get Day Trade Online for the tools, tips, and strategies you need to thrive as an Internet day trader. Don't make your first trade without it
About the Author
CHRISTOPHER A. FARRELL is a former Wall Street bond trader and currently runs the Farrell Preferred Stock Arbitrage LP, a hedge fund. Chris has been a guest on numerous television and radio programs, including CNBC's Power Lunch, and featured in magazines such as Business Week and Worth. His works have been translated into several languages worldwide, including German, Korean, Russian, and Italian. He is also the author of The Day Trader's Survival Guide: How to Be Consistently Profitable in Short-Term Markets.
Table of Contents
Preface.
Acknowledgments.
Introduction--Swimming with the Sharks.
SECTION I: THE WORLD OF THE DAY TRADER.
The Baptism by Fire: Preparing the Uninitiated for Their First Trade.
The Golden Age of Internet Day Trading.
SECTION TWO: INTRODUCTION TO DAY TRADING.
Trading 101: The Mind-Set of an Online Day Trader.
The Day Trader's Arsenal: Choosing and Using Online Brokers, Real-Time Quote Systems, and the Home Office.
Considerations for Quitting Your Job and Trading for a Living.
SECTION III: HOW TO BEAT WALL STREET AT ITS OWN GAME.
Price Takers versus Price Makers.
The Day Trader's Crystal Ball: Understanding the Bid-Ask Spread.
The Role of the Specialist on the New York Stock Exchange.
SECTION IV: TRADING FOR TEENIES: TAKING FOOD OUT OF THE SPECIALIST'S MOUTH.
The Day Trader's Secret Weapon: Exploiting the Bid-Ask Spread.
Prospecting for Gold in the Land of 1/16s.
SECTION V: TRADING THE MOMENTUM--DOW STOCKS, NASDAQ, AND EVENT-DRIVEN TRADING.
The Momentum Game.
Riding the Market's Momentum.
A Day Trader's Ticket to the Poorhouse: How I Managed to Lose $12,000 in Less than 24 Hours.
Index.