The Online Trading Survival Guide: Indespensible Handbook for Today's Wired Investor [Paperback]

Jack J. Guinan (Author)

Book Description

Publication Date: January 2000

The millions of investors currently logging onto online brokerages are frequently first-time customers of a discount brokerage, and often first time investors. They usually arrive with many of the same common questions, misunderstandings, and misconceptions relating to investing in general and how the online brokerage world works in particular.

For every online and would-be online investor, it's time to dispel the myths and clear up the confusion and misunderstanding about what investors can and can't expect from an online discount brokerage. In this comprehensive yet friendly how-to guide, financial expert and brokerage industry insider Jack Guinan offers answers investors need before they make their first trade. From the initial process of opening an account, to answers about account transfers, margin accounts, how trades work, and troubleshooting problems, this information encourages investors to maximize their relationships and investing opportunities through an online broker.

Mastering these online brokerage basics, investors will be able to:
*Deal confidently with their online broker
*Sidestep potential roadblocks in the complex application process
*Fund their account and switch brokers without costly surprises
*Understand the mechanics of getting investment orders filled

Editorial Reviews

From Booklist

Guinan has been a brokerage trader and more recently a sales representative for Fidelity Investments. He surveys the phenomenon of online investing and explains how online brokers function and how to choose one. He shows how to open an account, how to fund it, and how to understand account balances and margin basics. Guinan also compares the way the different exchanges execute trades and walks readers through the process of making a trade. Because the tax consequences of short-term capital gains are different from long-term, Guinan includes advice on taxes and record-keeping. He concludes with a 50-question exam to test one's knowledge as an online customer. David Rouse
Copyright © American Library Association. All rights reserved

Review

"[Guinan] has brought together the must-have information necessary to smooth the process for both the new investor and the brokerage firm. -- Greg Lembree, Operations Director, Scottrade, Inc.

“...Jack Guinan has provided online investors with the orientation and information they need to truly become prudent, successful investors.” -- Frank Petrilli, President and Chief Operating Officer, TD Waterhouse

“...a much-needed delight!...I enthusiastically recommend this book as an invaluable resource for anyone who is thinking about online investing.” -- Ken Johnson, CEO, Sixthmarket.com

“...an exhaustive, yet easy-to-read handbook...an excellent reference tool and a must-have addition to any investor’s library.” -- Gary J. Sjostedt, Director of Trading Operations, Brown & Co. Securities Corp.

“A practical and useful insight into the workings of the online trading and brokerage firms..." -- Marty Kearney, Senior Staff Instructor, The Options Institute - educational arm of the Chicago Board Options Exchange

“Don’t dare trade online without it!” -- Jordan E. Goodman, author of Everyone’s Money Book and nationally recognized TV and radio financial commentator

See all Editorial Reviews

Product Details

• Paperback: 224 pages
• Publisher: Dearborn Trade (January 2000)
• Language: English
• ISBN-10: 0793139627
• ISBN-13: 978-0793139620
• Product Dimensions: 8.9 x 6 x 0.7 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #2,157,638 in Books (See Top 100 in Books)

More About the Author

Jack Guinan is a distinquished author and cartoonist. His published works include the popular children's bedtime storybook SomeDay, SomeNight and the critically acclaimed personal investing books; The Online Trading Survival Guide (Dearborn 2000) and The Investopedia Guide to Wall Speak (McGraw Hill 2009). He is the co-creator of Market Moving Laughs, the economic event calendar from Econoday Inc. and is the syndicated cartoonist of The Closing Bell by JackGuinan, which appears worldwide in media outlets including Forbe's Electronic Media, New York Daily News and AirTran Airways GO magazine.

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

5.0 out of 5 stars Finally, online investing information that I can use., January 5, 2001

By A Customer

This review is from: The Online Trading Survival Guide: Indespensible Handbook for Today's Wired Investor (Paperback)

It's obvious the author knows the ins and outs of online trading. With each chapter it's clear that he's been there and done that! He covers all aspects of trading online. If only I had read this book before I started trading. I could have easily avoided some costly errors...Thank goodness I have it now.

4 of 5 people found the following review helpful:

5.0 out of 5 stars Must read for those about to enter the world of "e-vesting", December 19, 2000

By A Customer

This review is from: The Online Trading Survival Guide: Indespensible Handbook for Today's Wired Investor (Paperback)

Well-written & entertaining, Guinan has captured the reader's interest. Informative, I would highly recommend to anyone contemplating the leap into on-line investing. Read it from cover to cover, then jump in!

5.0 out of 5 stars Concise, Intelligent, No Frills information, September 28, 2001

By A Customer

This review is from: The Online Trading Survival Guide: Indespensible Handbook for Today's Wired Investor (Paperback)

Good read. Solid perspective.

Guinan, ahead of his time at publish date, provides a look into what the remainder of the internet boom culture forgot - the internet is not about hype and 'new economy business' - the internet is a more efficient medium and tool for educated people to make educated decisions.

It's a shame more people didn't read this author's work prior to making critical investment decisions based upon the promise of the unrealistic gain of 'the future' but rather based on fundamental investment strategy within the actual markets.

Many should take the time to read this book in the wake of what happened in order to survive in the present market and prepare themselves for the future.