Day Trade Online: Start Trading for a Living: Amazon.co.uk: Christopher A. Farrell: Books

Amazon.co.uk Review

Day trading such stocks as Amazon.com, eBay and Yahoo! sounds like a game for the gun slinger: jump into the fray and pull the trigger. Is that really the case? No, according to author Christopher Farrell, who earns his money just as Wall Street does--by making very small, short- term, high-percentage trades. Farrell, who works from home, has traded more than 15,000,000 shares of stock via the Internet, producing a 65 percent annual return for his investment fund in its first year. Using detailed, user-friendly examples, Farrell shows how to place orders online and then sell minutes later for small profits that can potentially add up to thousands of dollars a day--if you pick the right stocks. He explains how the New York Stock Exchange allows traders to buy on the bid and sell at the offer, just like the professionals. Farrell also includes loads of tips, such as how to choose an online broker, how much to pay for commissions and how to cope with a technology that's still in its infancy. If you've been thinking about joining the estimated 5 million online traders, then this book is for you. --Thom Hartle, Amazon.com --This text refers to the Hardcover edition.

Product Description

The explosive growth and low cost of online trading has created a new class of investor who can now make a living buying and selling stocks over the Internet in a way that was once reserved for Wall Street′s most powerful brokerage firms and investment banks. While technology has made entering the "major leagues" easy, staying in is not. Before taking to the fast–paced, high–risk playing field, it′s absolutely essential that you have a firm grasp of the rules and a solid game plan. Day Trade Online is the play book novice competitors need to become strong contenders. Written by seasoned practitioner Christopher Farrell, it is a one–stop, step–by–step overview of how to make a successful living, whether full– or part–time, trading via the Internet.
Day trading can be quite lucrative, but only if you know what you are doing. As Farrell points out: "Trading for a living is hard. Trading for a living over the Internet is even harder. There are many challenges and obstacles that confront you. Venturing into this jungle unprepared is a recipe for disaster." This straightforward guide provides the head start and heads up necessary to thrive as an Internet day trader, covering everything from the dangers and pitfalls of trading online to an in–depth analysis of which trading techniques work and which don′t.
Day Trade Online presents inside information on the strategies of top trading firms, including the most secretive, misunderstood, and profitable function on Wall Street: exploiting the bid–ask spread. Along with complete details on this rarely revealed methodology, you′ll learn about: The tools needed to get started in online trading. Trading on the NYSE and NASDAQ. Which stocks to trade – and which to avoid. Beating the specialists and the market makers at their own game. The dangers and pitfalls of online brokers.
Most importantly, you will learn to look at ten different stocks and pinpoint which one to trade, when, at what price, and why. With the right know–how, you will then be able to apply this knowledge to every single stock that you screen.
Written for the day trader, by a day trader, this is indispensable reading for anyone looking to join an increasingly popular – and profitable – arena.
"I see the ads on television. Open an account and your first trade is free. Trade as many shares as you′d like for one flat fee. Free real–time quotes. Free market research. Trade stocks. Trade options. With the click of a mouse. It′s that easy. Anyone can do it . . . I think back on my time on Wall Street. Does the little guy really have a chance?" – from Day Trade Online.
Yes. You do have a chance – a tremendous opportunity to day trade online. But only if you are prepared. Only if you know what you are getting into. In Day Trade Online, a successful online day trader walks you through the ins and outs of day trading online, and provides you with everything you need to get started and be successful. This step–by–step guide will show you: How to choose and use online brokers. How to set up an online account. What equipment you will need and what it will cost. How much capital you need. What stocks to trade, when to trade them, when to stay out of the game. How to trade on margin – safely and profitably. The day trader′s secret weapon – a strategy for your trades.
Be prepared. Get Day Trade Online for the tools, tips, and strategies you need to thrive as an Internet day trader. Don′t make your first trade without it!

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7 of 7 people found the following review helpful

Do not buy this book!!!!!! 21 Jan 2006

By A Customer

Format:Paperback

It has a few good points but generally not worth it. The same points are repeated over and over throughout the book as if it was intended for a three year old!!!! Also the main technique ouitlined is outdated and does not work any more. In short this book should no longer be for sale. I understand the author has written another day trading book that is much better but I have not read it. After reading this one I am reluctant to buy another book by this author!

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4 of 4 people found the following review helpful

If only I had the money to start investing 24 Aug 2003

By Adrian Allen

Format:Hardcover

Excellent book well worth the money. It has shown investing to me in a new light. After I spent a bit of time looking around at different stocks I noticed this exact thing happening - 1 stock had maintained a value that had fluctuated only 1pt in almost 12 months. During the day I noticed trades such as someone buying 125,000 shares at 6.00 (that is 6 pence, not 6 pounds), a few minutes later someone sold 125,000 share at 6.25. They made �312 in a few minutes. Similar amounts were traded 2 more times that day, making nearly �1000. Of course stocks need to be watch to find out if they meet the criteria, and what amounts to place the limit orders at.

The main problem in UK seems to be finding companies that charge low amounts for trades, the lowest I found is �7.50 per trade. The highest charged 1% upto a maximum of �100 per trade.

When I have enough cash put aside for this, I will give it a go.

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3 of 3 people found the following review helpful

Don't waste your money 31 Aug 1999

If you took out all the repetitive statements, you'd be left with a pamphlet. "Picking pennies from under a freight train in motion" is the best summary of this book.I'd bet he's made more money from the book than trading. I hope none of the "dummies" reading his book actually employs his methods. Daytrade Online for Dummies is a better title. Caveat Emptor (Buyer Beware).....

Mr.Farrell seems to truly feel our pain.

He tells unhappy nine-to-fivers what they want to hear most. He shows an amazing artistry in painting the ideal picture of life, so he is no doubt going to be forgiven by many for... Read more

Published on 1 Sep 1999

A good intro for the novice; wordy

Chris' book is well intentioned, but wordy. The repetitiveness is probably a benefit to the novice, but the detail can become somewhat excruciating. Read more

Published on 31 Aug 1999

Poorly edited but extremely knowledgable!

This book could have done with some serious editing..... but that does not take from the fact that it is an extrenely interesting and educational read. Read more

Published on 29 Aug 1999

Good introduction to trading, but repeats too much

This book helped me "get a feel" for the market, but that is about it. The strategies may work, I haven't tried yet. Read more

Published on 28 Aug 1999

A Good Beginners Book like myself

I was surprised at the information. It was an eye opener. But..I can't seem to find A broker that will accept Limit Trades at $10. This is crusial as Mr. Farrell explains. Read more

Published on 22 Aug 1999

Poorly written.....Don't quit your day job yet.

For one if we all started utilizing this technique we would be competing against eachother for the golden 16ths this book advocates are just waiting to be had making it virtually... Read more

Published on 16 Aug 1999

I wish I had read this book before I made my first trade!!

After reading this book I realized that I was once one of the investors that the maket loved to take advantage of. This book opened my eyes. A great book!! Read more

Published on 12 Aug 1999

A Good Basic Description of how the stock market works.

I have only been day trading for a couple of months, but I found some of Farrell's theories and techniques useful. Read more

What's with the negative hype?

How is it that so many of your are so negative in your review? I could care less if the book makes me laugh, or is any work of art. I only care if it works, and I make money. Read more

Published on 11 Aug 1999

Day Trade Online: Start Trading for a Living [Paperback]

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