Customer Reviews

The Electronic Trading of Options: Maximizing Online Profits

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People who want to learn about trading options using a computer will do well not to buy this book.In part one this book glosses over options essentials with some of the strategies like straddles explained in just 4 lines.Part Two is filled with one on one interviews with traders which is ok if you are the type who invests after watching interviews on CNBC.Parts Three and four gives a very brief summary of some of the technical analysis methods out there and mentions a few trading psychology theories.It tells you about trendlines but leaves you befuddled about how to apply it.I ended up not learning anything about options but a little about history.I suggest Trade options online by George Fontanills that is an excellent book that is well written and actually gives you websites which is a foreign concept in Mr Abell's book.

First part explains option trading platforms and order routing, and is very confusing. The interviews with option traders in the second part mostly concentrate on differences between electronic trading and trading on the floor. The rest of the book is a very basic description of what options are and what technical analysis is. That's it. Nothing in the book can be used for option trading.

This is a very informative book about trading options electronically. The emphasis is on thoroughly discussing different trading platforms and techniques to be used to trade on them profitably. Howard is very strong on explaining different trading methods. I like all his books.

It's very important the develpement of trading on line and day traders, too.