Understanding Electronic Day Trading: Every Investor's Guide to Wall Street's Hottest Phenomenon - Hardcover

Troy, Carol A.

Hardcover

ISBN 10: 0071351523 ISBN 13: 9780071351522

Publisher: McGraw-Hill, 1999

Synopsis

Information and interviews from the front-line entrepreneurs who are making this trading revolution happen.  
You get cutting-edge sources for real-time market information, news and analysis -- including the free “ticker” you can program to keep you on top of the stocks you're watching.  From how this type of trading came into being, to where it might go -- from how to get your feet wet with a $1,000 investment, to a checklist of do's and don'ts -- this is the guide that works for you.

About this title

Review:

Online investing is the killer app of the Internet and it's been rapidly mutating in Internet time. Journalist Carol Troy has written a thorough overview of online investing that is particularly well focused on its evolution toward direct-access trading without a broker. According to Troy, about a third of all retail customer trades are now being done online, and more and more of these are executed instantly over electronic communications networks (ECNs). "Thanks to the silent cyberrevolution transforming traditional markets into online cybermarkets, anyone with a home computer can now trade stock alongside the professional traders on Wall Street," says Troy. "In fact, this new electronic access to the market has put the individual investor one-up on Wall Street. Online investors now buy wholesale. They nip away at he traditional markups between bid and ask that market makers once pocketed."

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.

Anyone from the casual online investor to the seasoned microtrader will find this book well worth reading, if only for the historical overview and glimpse into the future of this fast-changing business. --Scott Harrison

From the Author:

I hoped this book helped women make some profitable trades during the up market and close out trades -- using stop-loss orders -- during down markets.

About this edition

• Publisher: McGraw-Hill
• Publication date: 1999
• ISBN 10: 0071351523
• ISBN 13: 9780071351522
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208