Mastering Direct Access Fundamentals - Hardcover
Mastering Direct Access Fundamentals walks the reader through the terms, resources, and skills required to excel as an E-DAT trader. Covering the basics simply—yet with sufficient detail to eliminate confusion—it explains how to use the keyboard; techniques to understand and interpret the colors, number, blips, and symbols flashing across the screen; strategies to analyze a position at the end of the trading day, and more. A key addition to The Direct Access Trader Series, it is the essential resource for becoming an E-DAT success story.
"synopsis" may belong to another edition of this title.
From the Back Cover:
Direct Access Trading Techniques You Need to Know before You Can Comfortablyand ProfitablyTrade the E-DAT Screen
About the Author:
Electronic direct access trading (E-DAT) lets independent traders join seasoned professionals in the fast-action, high-profit world of instant access trading. But before you enter that world, you must master a dynamically different set of fundamental skills and become comfortable with the streaming numbers, colors, and symbols of the Nasdaq level II screen.
Mastering Direct Access Fundamentals is a Master's level course on the techniques, terminology, and resources needed to understand and control E-DAT. Pioneering traders and trainers Jonathan Aspatore and Dan Bressalong with a host of other battle-wise direct access tradersgive you everything you need for E-DAT success, including:
- Guidelines for developing a successful trading strategy
- Proven methods to effectively utilize real-time news and indicators
- Technical analysis ground rules every direct access trader needs to know
The Direct Access Traders Series shows you how to harness the power of today's financial technologieswhether you make 2 trades per year or 2000. Other books in the series include:
- Understanding Direct Access Trading
- Tools for the Direct Access Trader
- Direct Access Execution
- Trading Strategies for Direct Access Trading
- Technical Analysis for Direct Access Trading
"This book will discuss trading expectations, developing a trading strategy, basic analysis, interpreting real-time news and indicators, and trading for a living. Each chapter contains information for every type of direct access trader.... Direct access trading is not difficult if you have the right expectations and devote the proper amount of time to it."
From Chapter 1
You can become a successful electronic direct access trader...but it won't happen overnight. Mastering Direct Access Fundamentals covers the fundamental knowledge and skills you must develop before you can take full, profitable advantage of E-DAT opportunitieswhile sidestepping common but career-killing trading mistakes.
Complete with symbols, terms, worksheets, and directions for finding and downloading valuable simulation devices, Mastering Direct Access Fundamentals shows you how to ease into direct access tradingand learn the fundamentals before you "go live" and place real money on the line. Turn to any page in this hands-on E-DAT manual to discover:
- The tools you needfrom DSL lines and Level II screens to ECNs, news services, and others
- Essential Web sites and chatrooms for learning about new techniques and fast-breaking trading opportunities
- How to use technical analysis indicators, including chart patterns, support and resistance lines, and reversals
- Methods to detect market makers, understand their strategies, and profit from anticipating their moves and getting there first
- Which stocks to tradeand which to avoidto control trading risk
Electronic direct access trading is substantially differentwith more excitement and quick-turnaround profit potentialthan any other type of trading or investing. Let Mastering Direct Access Fundamentals tell you everything you need to know to begin trading, and show you how to build a part- or full-time career as a fast, knowledgeable electronic direct access trader.
Jonathan Aspatore is the founder of EPS Business Partners, which provides entrepreneurial solutions to companies worldwide. The author of numerous books, including The New Electronic Traders and Fire Your Broker and Trade Online, Aspatore is a monthly columnist for a number of Web sites and publications.
Dan Bress is a graduate of Harvard University, and has conducted extensive market research on the direct access industry. His primary area of focus is the technological and financial implication of online trading firms.
"About this title" may belong to another edition of this title.
- PublisherMcGraw-Hill
- Publication date2001
- ISBN 10 0071362495
- ISBN 13 9780071362498
- BindingHardcover
- Edition number1
- Number of pages228
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