Customer Reviews

Getting Started in Online Day Trading

5 star:		(3)
4 star:		(2)
3 star:		(0)
2 star:		(1)
1 star:		(1)

 

 

As the title indicates, this book is for the total beginner. The author takes the reader by the hand and guides him / her through the complex world of online day trading. All of the major areas of concern are covered: Everything from what is day trading and opening your online account to strategies and techniques used to gain profits. This book provides a great bird's-eye-view, kind of a road map for the long journey ahead. This book is not intended to cover every area of day trading with an exhaustive explanation, but rather, introduce each subject and point the reader in the right direction for further study. I strongly recommend this book. Happy trading.

I wanted a book that would take me step by step through all the technical day trader jargon and explain what all of it meant. Getting Started in Online Day Trading by Kassandra Bentley was just what the doctor, or in this case, the beginning day trader ordered. She takes a very solid approach to explaining what the stock market is all about, what day trading is all about, the procedures of doing day trading and the pitfalls of day trading.

She is not shy in pointing out other books in order for you to gather good day trading information. This shows that she is very open to learning. Her book does a good job of not assuming that the reader already knows all about day-traderese. There are plenty of sidebar notes that refer to terms and phrases within each chapter. This is a very good way of reinforcing what you have just read. One specific area that was very clear in explanation are the terms bid and ask. While other books use these terms almost interchangeably and do not explain correctly who is the buyer and who is the seller, she does an excellent job of clarification on this subject. This point is probably obvious to old pros, but her insight that a beginner is not savvy to these nuisances is good thinking on her part.

She also goes into some detail on charting and day trading methodology, but not too much in depth. If anything, this was the only negative about this book. However, after reading other books on day trading, I believe that this book is the most straight forward and understandable of all of them. The book is well thought out and very concise.

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.

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.

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!

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.

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.