How to Get Started in Electronic Day Trading

by David S. Nasser and David S. Nassar

Book Overview

Designed for all those who want to get into electronic trading, this guide covers all the basics one needs to get started, including: an explanation of the mechanics of electronic trading; basic... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0071380493
• ISBN13: 9780071380492
• Release Date: October 2001
• Publisher: McGraw-Hill Companies
• Length: 243 Pages
• Weight: 0.80 lbs.
• Dimensions: 0.8" x 5.6" x 8.7"

Customer Reviews

Experience Comes Through

Awesome ideas to make money with. I have been trading 35 years and feel the ideas in this book are timeless techniques that I know work. The book was written with experience and it shows. I've read many and this is one of the best.

Valuable for both beginning and experienced traders

David Nassar has developed a fantastic home study course with techniques; insight and valuable information for anyone who day trades, swing trades or holds stock for the long term. This course is a must for anyone who is active in the market. David has and entertaining style and makes learning fun and exciting. I have listened to the ten tapes more than once and I get more out of them each time. The jet fighter trading scenario is a lot of fun and brings the point home. The CD ROM lets you experience the real time action of the level II screen and brings live trading sessions to your computer screen. The workbook follows the tapes and the CD and provides detail, which should be studied prior to listening to the tapes in order to obtain the maximum benefit. David touches upon everything from the history of the market to trading psychology, trading the news, picking stocks and money management! There are three tapes, which include interviews with traders, market makers and hedge fund traders. These provide added insight and experiences from people who have been active in core of the trading environment. I give this course five stars!

The Ultimate Test

Of the five daytrading books that I have read in the last sixmonths this book is by far the most informative. It has the leastadvertising for seminars or schools. Using the techniques in the book I increased my capital investment on a simulator by 124% in three weeks. It will give you a strong foundation to trade and learn from. Keep your head about you. Cut your losses. Good Luck

response back after trading and reading the book

I read the book, learned the basics and did some trading. level two and direct access especially enhanced my trading abilities, and one key reason was the ability to see ahead of the market price if the marketmakers are going lower or higher and the second is the ability to get your price because of the high speed of access. skill in trading go beyond these tools, however, I found experience and logic being your most important skills. The book was invaluable in learning to use level two and in providing content that would be of interest to a beginner trading. I found holding one stock til I get a decent return better than trading that same stock day after day though, but for entering and exiting a trade and the ability to watch a trade closely is best with level two and for a beginner this is a good book, but its not a free ticket to easy gains. the level two can get you into trouble just as quick as any other method. Having said that, for understanding the market and information on how to use level two, the book was great for a beginner. The gains come from using all your tools intelligently. I made dumb mistakes that cost me but I did learn from the mistakes and made it to positive steady gains now after 6 months. I found understanding the market will always be an ongoing learning experience everyday, there are no templates that last for long except good company fundamentals. My advice is practice paper trading or with a simulator for 6 months for the cheapest learning curve after reading the book and know your stock from watching it trade on level two. The book talks about styles of trading, I have found that just watching and papertrading one stock day after day with level two a great insight for eventually trading the stock for the first time while keeping in mind the macro environment of the market and how that particular stocks sector is doing for daytrading purposes. The book also has good references and links.