The Electronic Day Trader: Successful Strategies for On-line Trading - Hardcover

Marc Friedfertig; George West; George Piecznik

Hardcover

ISBN 10: 0070158088 ISBN 13: 9780070158085

Publisher: McGraw-Hill, 1998

Synopsis

Discusses the use of Internet resources to find investment information and explains how to use online trading systems.

About this title

Review

Most of us have been conditioned to approach the stock market as a long-term proposition. Many of the bestselling investment books coach readers to seek value in the best companies for long periods of time. Day trading, a recent phenomenon brought on by the reform of the financial markets and by the growth of online trading, goes in just the opposite direction. Instead of buying and holding stocks for years, successful day traders make money by dipping in and out of the market in a matter of minutes, finding profit in the tiny fractions between the bid and asking price of a stock or by catching the ups and downs of stock prices, which are driven by everything including the latest news from CNBC or speculation on what Alan Greenspan ate for breakfast.

In The Electronic Day Trader, authors Marc Friedfertig and George West explain the rationale behind day trading and offer strategies that can help you become successful at this fast game of speculation and timing. The authors write, "Day trading appears so deceptively easy, yet in reality it is a never-ending challenge. It is a game, an opportunity to match wits against the majority and thereby prosper. Day trading the stock market is the ultimate opportunity to speculate and the ultimate game."

The book goes into great detail about how the various stock exchanges work and shows how to get direct access to the NASDAQ through various electronic trading systems. If you're looking for an investment book that will help you build a retirement portfolio, look elsewhere. But if the daily fluctuations in the price of a stock make your heart beat faster and if you're seriously interested in honing your skill as day trader or want to become one, The Electronic Day Trader is definitely worth a look. --Harry C. Edwards

From the Back Cover

The Electronic Day Trader: Successful Strategies for On-line Trading, Marc Friedfertig and George West. International Bestseller! The First Book to Bring High-Profit Day Trading to the Individual Investor...NOW IN PAPERBACK! Praise for The Electronic Day Trader. "This is the book that started it all."―Joel Kurtzman, Fortune. "If you want to...take your first few steps into the fiercely competitive (and potentially lucrative) world of stock trading, then you should definitely read this book."―Roger Segal, TheStreet.com. "[Friedfertig and West’s] thorough overview moves at the right pace, with well-chosen examples and solid explanations of how to compete in the cut-throat day trading game."―Online Investor. BusinessWeek ... The Wall Street Journal ...The New York Times ... These national publications recognized the groundbreaking Electronic Day Trader for its broad-based market power―not to mention its amazing run on each of their bestseller lists! Now let day trading pioneers Marc Friedfertig and George West, also the authors of the bestselling Electronic Day Traders’ Secrets, show you the systems, strategies, and step-by-step instructions to:
· Use today’s high-powered home computers to access professional research, real-time quotes, and low-cost, instant trade executions
· Bypass your broker and gain direct access to the markets―through SuperDot, ECNs, and other electronic trading systems
· Develop the skills used by market makers to beat them at their own game

Edition details

• Publisher: McGraw-Hill
• Publication date: 1998
• ISBN 10: 0070158088
• ISBN 13: 9780070158085
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 208