Getting Started in Online Day Trading
Product Description
EXPERT ADVICE FOR EVERYDAY SUCCESS!
The coauthor of the bestselling Getting Started in Online Investing now brings her winning expertise to the increasingly popular day trading arena—along with the methods of today’s most consistently successful trading practitioners. From a solid overview of the functional basics to a frank assessment of the pros and cons of day trading, Getting Started in Online Day Trading provides you with the know-how to begin, the information to speculate on the future of the medium—and the knowledge to decide if day trading is right for you. In this indispensable book, Bentley:
- Approaches day trading by examining the basics from the perspective of the novice trader
- Shares her years of experience and industry connections in online finance, and introduces you to some of today’s top traders
- Offers an in-depth analysis of the challenges and realistic rewards of online day trading
Get the solid, accessible, and practical guidance you’ve come to expect from the Getting Started In series with this outstanding and timely resource for today’s hottest investment vehicle.
I loved this book. I knew very little about the stock market and was interested in day trading. This book was perfect. It covered it all. In addition, it recommended other books and websites on the topics as you went along. I borrowed it from the library, then decided I had to buy it as a reference.
Rating: 5 / 5
Regardless whether you’re daytrading or not, it’s full of layman’s terminology in order to understand the complex nuts and bolts of trading in general. Yes, there can be information overload as one reviewer stated … which is why I found this book invaluable. It’s technical, without being stodgy and complicated. The sidebar definitions are fabulous for quick access to terms. I found it to be logically and succinctly organized … and allows the reader to learn as little or as much as they need. Ms. Bentley states up front that daytrading may not be for the lighthearted, but even daytraders needed to start somewhere. With many individuals trading from their desktop computers, it’s important to learn as quickly as possible with as much correct information as possible. Take one trade at a time, utilize the directions … do the “faux” tutorials on other sites where you don’t have to lose money. Then if you find daytrading IS for you, “Online Day Trading” can be your bible. Thanks greatly, Ms. Bentley … it helped me considerably!
Rating: 5 / 5
1) If you have no money, don’t invest.
2) Don’t invest money you can’t afford to lose.
3) You have to spend money to make money
4) If you’re poor don’t even think of investing
5) Thanks for buying my book now I’m richer.
Thanks for the info Bentley.
Rating: 2 / 5
This book was a waste of money. It’s meant for beginners that aren’t familiar with the terms and concepts of stock trading in general. If you don’t already know these terms or the basic concepts you shouldn’t attempt to day trade. If you do know these terms and concepts, then this book is a waste. The day traders survival guide is a much better intro book and I highly recommend it over this one. Other recommended trading books to start you off are High Probability Trading by Marcel Link and Trading for a Living by Alexander Elder.
Rating: 1 / 5
This book is ok for a trader that needs to start from scratch. But you will be needing more specific trading strategies.
Keep in mind that the stock market doesn’t really care if you are beginner. The rules and the trading opportunities are the same for every one. When you trade you compete against more seasoned traders, therefore you MUST go beyond the basics and employ a clear strategy to make your buy and sell decisions.
There are many “fantastic” strategies outhere, but you need to test them in order to discover which ones help you the most. That’s part of your homework as a stocktrader. Test, test and test again.
Complicated systems that rely on a “boat load” of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner trader is to get information overload. It’s better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
Fortunatly there are some good sites on the web today that can show you how to trade in a practical and effective way. One of those sites is Stress Free Traders ( StressFreeTraders com)
In the end, day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
Rating: 4 / 5