Technical Trading Online (Wiley Online Trading for a Living Series) (Hardcover)

by Jerold Roth (Author), Trader X (Author) "Tempting as it is to be cleverly innovative, let's start this book at the basic, solid, ground floor beginning..." (more)
Key Phrases: distribution trading range, markdown phase, market structure indicators, Kinematic Model, Omega Research, Fair Value (more...)

Editorial Reviews

Product Description
Praise for Technical Trading Online

"Roth and Trader X’s sure-handed advice and engaging wit enliven this welcome guide to online trading and technical analysis."–Nelson Freeburg, Editor, Formula Research

"New traders will find the arduous task of learning the finer points of trading transformed into a delightful learning experience in Technical Trading Online. It accomplishes what precious few other investment-related titles have been able to do by both teaching and entertaining at the same time. Even old hands will enjoy the wry wit and dry humor."–Edward D. Dobson, President, Traders Press, Inc.

"This book will contribute greatly to one’s knowledge of why markets move based on supply/demand concepts. Roth and Trader X present simple techniques for capturing these movements. It is obvious that Trader X is a seasoned trader. Highly recommended!"–John Hill, Founder and Coeditor, Futures Truth, Author, The Ultimate Trading Guide

From the Inside Flap
Technical Trading Online is the first online trading book to present a detailed yet easy-to-understand approach to the use of technical analysis while remaining firmly grounded in the real world of stock trading. It presents a comprehensive trading model that can be modified to meet your needs, one that will guide you in the analysis of stock movement, using both raw data and detailed charts. Conclusions so derived, combined with good judgment, can result in trading success irrespective of your particular trading strategies.

This concise, enjoyable book is filled with hard-earned, hard-to-come-by wisdom that will teach you not only how best to avoid mistakes but also how to minimize the cost of inevitable mistakes. Among many other things, it will teach you:
* The virtually infallible Four Golden Rules of Stock Trading
* How to take advantage of the countless sources of data now available online
* Numerous strategies, techniques-and even tricks-that will prove invaluable when applied to today's stock markets

Also included is a reference to the best online resources for charting and software, plus instructions on how to set up a trading screen.

If your overriding goal in playing the stock market is to make money, as it certainly should be, then Technical Trading Online is the book for you.

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Product Details

• Hardcover: 224 pages
• Publisher: Wiley; 1 edition (December 8, 2000)
• Language: English
• ISBN-10: 0471394211
• ISBN-13: 978-0471394211
• Product Dimensions: 9.3 x 6.4 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #321,733 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 15 people found the following review helpful:

5.0 out of 5 stars this is a must read, June 1, 2001

By	Linus 71 "linus71" (Germany) - See all my reviews

If you were trading profitable would you read books about online trading?

So if you are interested in buying books about this topic then we can suggest that you're a beginning or a losing trader. As a beginner I'd prefer reading another book which focuses on the basics (like Elder's classic "Trading for a Living"). If you are in the markets for several months already and you think you might belong to the 90% losing traders then this book is for you. For all the Dollars lost in the markets you'd be stupid to save your cash on this book. I've read many great books about trading online. And this one belongs to my favorite. No book will make you trade profitably and no book is a substistute for experience. But some books including this one will help you make big steps forward.

Many books I've read about online or day trading were written by Nasdaq market makers. All in all they were all telling you the same about cutting losses etc. What makes this one outstanding is the use of those cunning and witty metaphors by the authors. I remember my first major loss, I was almost crying and doubting my existence. But when I read the very first pages of this book which were covering just my mischief I burst out laughing. One might think the author's trying to insult or making fun of the trading crowd out there calling us "stupids" or "schmoes". But he's not. He experienced the same I did. And many of you were experiencing severe losses too.

Losing is a learning process. Why crying about your losses when you can laugh and get your lessons by just reading this book. You really should do. -- Five Stars!!

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Okay, I leave the review above from June 2001 as it was.
Five years and some books on trading later I have to add that this and all other books from the Wiley Online Trading for a Living series are mainly written for beginning traders. They're not bad at all and you really don't waste your money on them.
Technical Trading Online still belongs to my favorites. However it lacks in details. I must admit that I rather read it for the laughs. Although the author finds some serious words at the end of the book. Trading IS a serious profession.
Today, when it comes to books that hammer and engrave their messages into my brain, I like to recommend Vadym Graifer's Techniques of Tape Reading and John Carter's Mastering the Trade which is a very fine book (and doesn't lack of wits either). These two books are not for beginners as they require common knowledge in technical analysis (like candles, trends or averages...). A great book on this basic knowledge is Steven Achelis' Technical Analysis form A to Z.

3 of 3 people found the following review helpful:

5.0 out of 5 stars A Damned good read.- Easy but relevant, July 2, 2003

By A Customer

This is a really good book for someone who wants to learn, and understand with ease the signals to look for and the reasons behind them. Very informative - very easy to read - Not a technical book but an easy book on a technical subject. ... The book seems very relevant to real issues. A very good read for a novice - It takes a complex subject and describes technical methods in easy to understand and digestable formats - the humour makes it more real aswell.

Another plus point about the book is that as I read it it didnt attempt to put me off. I find many books spend their efforts warning you off - this book warns yet warms and gives you confidence in what you think you learn.

5 of 7 people found the following review helpful:

5.0 out of 5 stars Thank you Trader X, May 13, 2001

By	"ryanbeveridge" (Baltimore, MD United States) - See all my reviews

Great book. If only I had read this book six months ago. His four rules of trading provide a foundation which wealth can be built upon. I have read this book several times and consider it the best source of infomation on the realities of real world investing.