Customer Reviews

The Almanac of Online Trading: The Indispensable Reference Guide for Trading Stocks, Bonds, and Futures Online

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"The Almanac of Online Trading" by Terry Wooten is the first of it's type in this rapidly growing segment of the securities brokerage industry. As more investors use the Internet to trade, this book will become more valuable.

Do not be mislead that the straight-forward approach lacks the necessary information traders are seeking. Mr. Wooten provides all the necessary steps from opening an account and how to get started, to a complete reference of symbols of traded securities, the names and addresses of state regulators, a listing of online brokers, and a glossary of terms that is indispensible for those new to online trading. There are tables that cover commodities trading and trading on foreign exchanges that are valuable for even the most experienced online investor.

This book is not intended to be an investment advisor, whereby if you will profit from following suggested investment strategies. Rather, it is a toolkit for selecting a broker, setting up an account, and executing trades. If you are thinking about opening an online account, or even if you are already an established online trader, this book is an indispensible reference source.

Remember those stock market books you started to read, then put down before you gave it to Uncle Charlie. This is not that kind of book. If you're new to on-line trading, this provides some concise and essential information. If you're thinking of switching from a regular broker to on-line trading there is help. Almanac does the essentials well and then some. Much as you might turn to another kind of almanac for the phase of moon in six weeks, you turn to this for needed trading information and it's likely to be there and easy to find. The author doesn't have a miracle program to make you rich in two days. But if you pay attention to the common sense advice, you might avoid overnight poverty. And, you'll have a much better chance of achieving your financial goals.

There is no substancial information about trading other than symbols for a large number of companies, this takes 1/3 of the book the other 2/3 talk about how carefull you should be but doesn't give you specifics. The information about the industry is very inaccurate. If you have access to the internet there is nothing in this book you can't get on one of the many internet portal out there and you get accurate information. If you are new to trading this book doesn't help and if you are allready trading you'll find it very useless.