Mastering Direct Access Fundamentals [Hardcover]

Jonathan Reed Aspatore (Author), Dan Bress (Author), Jenny Bailly (Author)

Book Description

Series: Direct Access Trader | Publication Date: March 24, 2001

"Mastering Direct Access Fundamentals walks the reader through the terms, resources, and skills required to excel as an E-DAT trader. Covering the basics simply--yet with sufficient detail to eliminate confusion--it explains how to use the keyboard; techniques to understand and interpret the colors, number, blips, and symbols flashing across the screen; strategies to analyze a position at the end of the trading day, and more. A key addition to The Direct Access Trader Series, it is the essential resource for becoming an E-DAT success story.

Editorial Reviews

From the Back Cover

Direct Access Trading Techniques You Need to Know before You Can Comfortably­­and Profitably­­Trade the E-DAT Screen

Electronic direct access trading (E-DAT) lets independent traders join seasoned professionals in the fast-action, high-profit world of instant access trading. But before you enter that world, you must master a dynamically different set of fundamental skills and become comfortable with the streaming numbers, colors, and symbols of the Nasdaq level II screen.

Mastering Direct Access Fundamentals is a Master's level course on the techniques, terminology, and resources needed to understand and control E-DAT. Pioneering traders and trainers Jonathan Aspatore and Dan Bress­­along with a host of other battle-wise direct access traders­­give you everything you need for E-DAT success, including:

• Guidelines for developing a successful trading strategy
• Proven methods to effectively utilize real-time news and indicators
• Technical analysis ground rules every direct access trader needs to know

The Direct Access Traders Series shows you how to harness the power of today's financial technologies­­whether you make 2 trades per year or 2000. Other books in the series include:

• Understanding Direct Access Trading
• Tools for the Direct Access Trader
• Direct Access Execution
• Trading Strategies for Direct Access Trading
• Technical Analysis for Direct Access Trading

"This book will discuss trading expectations, developing a trading strategy, basic analysis, interpreting real-time news and indicators, and trading for a living. Each chapter contains information for every type of direct access trader.... Direct access trading is not difficult if you have the right expectations and devote the proper amount of time to it."

­­From Chapter 1

You can become a successful electronic direct access trader...but it won't happen overnight. Mastering Direct Access Fundamentals covers the fundamental knowledge and skills you must develop before you can take full, profitable advantage of E-DAT opportunities­­while sidestepping common but career-killing trading mistakes.

Complete with symbols, terms, worksheets, and directions for finding and downloading valuable simulation devices, Mastering Direct Access Fundamentals shows you how to ease into direct access trading­­and learn the fundamentals before you "go live" and place real money on the line. Turn to any page in this hands-on E-DAT manual to discover:

• The tools you need­­from DSL lines and Level II screens to ECNs, news services, and others
• Essential Web sites and chatrooms for learning about new techniques and fast-breaking trading opportunities
• How to use technical analysis indicators, including chart patterns, support and resistance lines, and reversals
• Methods to detect market makers, understand their strategies, and profit from anticipating their moves and getting there first
• Which stocks to trade­­and which to avoid­­to control trading risk

Electronic direct access trading is substantially different­­with more excitement and quick-turnaround profit potential­­than any other type of trading or investing. Let Mastering Direct Access Fundamentals tell you everything you need to know to begin trading, and show you how to build a part- or full-time career as a fast, knowledgeable electronic direct access trader.

Product Details

• Hardcover: 228 pages
• Publisher: McGraw-Hill Companies; 1st edition (March 24, 2001)
• Language: English
• ISBN-10: 0071362495
• ISBN-13: 978-0071362498
• Product Dimensions: 9.1 x 6.4 x 0.9 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,513,674 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars A little outdated in fast paced evolving market, February 14, 2005

By 

Neal Vanderstelt "Neal" (Ormond Beach, FL) - See all my reviews
(REAL NAME)   

This review is from: Mastering Direct Access Fundamentals (Hardcover)

but still worthy information that applies.. I know that some of the ECNs have changed so some of the information might be a flawed.. Other than that this is a good book for a serious trader.. I was supprised to see that nobody reviewed this book so I will..

[even though I gave it 5 stars] With all that said their are better books out their on DAT trading but I do appriciate the authors no nonsence style but yet still yields the necessary verbatim.. I hope to see the next edition so I can be one of the first in line to get the newer version...

What you could learn:
*Levels of trading
*About Market Makers & ECNs
*Real time trading stategies

gl