Customer Reviews

Trading Online: A Step-by-Step Guide to Cyber Profits

5 star:		(40)
4 star:		(0)
3 star:		(0)
2 star:		(5)
1 star:		(14)

 

 

The book is divided into Sections.

Section 1 deals in the basics for the novice of getting online, choosing ISPs, computer hardware, printers etc. This will be basic for most online traders, but as the author says, it can be skipped by those already 'up to speed'.

Personally, I would have prefered this section at the end. The final chapter(8) of Section 1 offers some interesting tips on speeding up access to the internet - which strictly do not fall into the field of Trading Online, but are appreciated.

Section 2 "The Road to Profit" represents the start of the book proper in my opinion. The section begins with an introduction to action plans. At first I was doubtful if this method of organisation would work, however, having tried them it does tend to provide a useful framework for trading.

These action plans, are composed of 7 steps, each necessary for trading online. The steps include price data, fundamental analysis, technical analysis, broker execution methods, portfolio monitoring etc. The book explains the importance of each, and for the important step of analysis for determining likely price moves, the book details some strategies and systems.

Having explained the significance of eaxh step and how it relates to each further step, the book moves on to Section 3, which is a list of recommended sites for each of the steps. The sites listed here are cross-referenced to Section 4 of the book, where they are grouped according to whether they are online brokerages, Mutual Fund Sites, Technical Analysis sites etc.

The idea behind Section 3 is that you go through each step, say for example Step 3 (Analysis) choosing the sites you think are worth visiting by looking at their description, review and summary of contents provided in the book. You then settle on the core sites for each Step, and stick to them each time you trade. As I have said, how best to use the sites as part of your overall plan is well explained.

At first I was a little sceptical of whether this would work, and admittedly it helped when I photocopied the action plans. This then meant that a lot of the hard work had been done for the reader.

The sites covered in Section 4 are quite exhaustive, but the book makes it clear, only sites considered worth visiting, in the opinion of the author, are listed. Sites are listed under, 'a little bit of everything', 'technical analysis sites', 'Brokerage sites', 'Mutual Funds', 'Futures and Options', 'Exchanges', 'Bonds', 'Forex', 'Options Analysis', 'Gurus and Newsletters', 'Discussion Forums', 'E-Zines'.

As one would expect stock traders are given the most space and are catered for best, and one complain.

Section 5 is the end-part of the book, and is aimed at further research. 3 chapters cover the issue of using Search Engines properly, Financial Directories and Online Bookstores.

There are a plethora of appendices covering tech analysis, fundamental analysis, options and futures. I take issue with some of the books in the recommended reading list, in that I definately disagree on some of the recommendations, but that is not a critical issue. For good measure there is a glossary and index.

The graphics and layout are very good, in that the font is easy on the eye, the layout helpful - with a side bar for comments, lots of screen dumps etc. The nature of trading books seems to be following those of internet books generally in design and that is no bad thing.

All in all very useful

I was very disappointed with 'Tading Online'. It gives a superficial, incomplete and somtimes misleading view of the subject matter. For example, I read that "read only memory" is "RAM" (page 20), and that "firewalls" are "walls of fire" (page 113). Instead, I recommend readers try 'Online Investing' by Jon Markman which I give *****.

"Gee, how can I make some money from writing about the internet? I know -- I'll write some worthless stuff about getting connected to the internet (target group-African bushmen?), and then I'll just put down the on-line investing sites I found after a few days of random surfing." I'm sure a similar train of thought went through the author's mind just before he came up with this lemon of a book. At the time of this review, this book had a four star review average; these other reviews that said this book was "brilliant" made me laugh. Shakespeare is brilliant; this author's intentions are merely expedient.

I'm only sorry I didn't get around to returning this book within the 30 days required by Amazon. "DO you know what a computer is?" - if so skip chapter one. "DO you know what the internet is?" - if so skip the next 10 chapters. This book is NOT for serious investors. This book is for some retired person who knows absolutely nothing about computers and the internet and saw the add for Ameritrade on TV.

I found it very useful to come to this book by someone who obviously trades for a living. The subtle insights that can only come from someone who does this for a living were clear.

The book contains lots of great humor, and ample material about how to trade effectively online and the best online sites around.

A real treat to read and lots to be learnt even for one like me who has been trading for a few years now.

Was a little surprised by the no-brainers who reviewed it pooly on Amazon and just didn't get that the book was for people serious about trading. An excellent book, made me a lot in todays volatile markets.

Having flicked through the book at the local bookstore before buying it, I was delighted to receive my own copy.

By far and easily the best online trading book out there - I know because this one made me money.

This books is really informative for beginners - advance level. I think the information is very useful cuzz it's easy to understand. Even my seven years old girl can understand it. I would recommend this book to people who are on to online trading and taking care of your own stocks. Some books just yap to much without getting straight to the point...what you don't have time to entertaint the authors idea. enjoy!

An excellent book. When I first received this book from Amazon, I have to admit I was a bit worried, because flicking through section 1 (which the basics for beginners) I thought this was going to be a beginners guide. I was wrong.

Looking deeper I realised Section 1 is to be ignored by intermediate and Advanced Users. The author provides detailed Action Plans and Skeleton Plans for trading online in every type of product and time-frame (different skeleton and action plans for each one).

These plans are excellent. They have re-organized the way I trade. They should be pattented.

My only complaint: I had to photocopy the plans for easier access on my desktop - could the publishers have made them detachable.

I recently received my copy from Amazon. I am really impressed. As it says on the cover, a step-by-step guide to cyberprofits. Up to date, quality information, lots of "hot tips", and very useful trading information and ample tips about where to get lots of free info.

Great amounts of pure online trading gold. Been waiting for this for ages, at long, long last someone has actually written it.

Unique in coverage, really found it straightforward and no no-nonsense. Really good.