Trading Online: A Step-by-step Guide to Cyber-profits [Paperback]

To begin with it discusses what is needed to start out in Net dealing, describing not only the gear you need, but also looking at service providers, browsers and the like.

Then it's into the action, with Patel advocating three main advantages of not being a trading Goliath--the ability to sit tight with no-one looking over your shoulder, the control you have over decision making: "You are the trigger man. it all depends on you and you alone", and the assertion that the greater availability of information puts the private investor almost on a par with the professional.

Product choice is also of key importance and advice is given on the questions to ask and where to find the best type of data for your chosen type of trading. In a no-nonsense easy-to-read style Patel takes you through the complexities of business analysis and trading strategy and the essential skeleton plans and action plans--"the unspoken aspect behind successful and professional trading."

There's a wealth of material, too, on Web sites which will be useful to the investor, and at what is offered by on-line brokers. And there's useful information on further reading as well as options analysis software. A book for the beginner as well as the more experienced online trader. In itself a worthwhile investment.

"Trading Online offers the most comprehensive and forward-looking guide on how to deal in the new millennium world markets." - LIFFE (World's 2nd largest futures exchange), Chairman Jack Wigglesworth

"Read the book, jump aboard the cyber-train and become a better investor." - Charles Schwab Europe, Vice President, Guy Knight

"Patel is a pioneering online trader. Keep Trading Online by your computer for its straightforward guide to trading practices and timesaving reviews of investor resources on the Internet." - Electronic Share Information, Marketing Director, Greg Glass

"Trading Online will revolutionize your approach to online investing." - Equis International (A Reuters Company) President, Steve Achelis

"Why merely surf the internet when you can cut through the waves in style with Trading Online - yet another excellent trading tool." - Albion Currency Advisers, Managing Director and former Merrill Lynch (UK) Managing Director, Mark Slater

"A much needed and long overdue book on understanding how computers can help you with your trading." - Alaron Trading Vice President, Phil Flynn

"You have two choices, buy this book or attend a $5000 course on cyber-trading. I'd take the former." - Floor Trader and Author Tricks of the Floor Trader: Trading Chicago Style, Neal T Weintraub

"The investment landscape had been changed dramatically by the Internet; this book is the roadmap for this new landscape. A very well done and much needed guide." - Banque Paribas Global Head of Equity Derivatives, Bernard Oppetit

Inside Flap

1. Why are more and more professionals forgoing pinstripes for tee-shirts and turning their backs on lucrative traditional jobs to trade full-time from home, such as the author who left the Bar to trade online? The new job for the millennium?

2. There is a new breed of individual who seeks to live the ultimate entrepreneurial and capitalist dream. They don't want to work in an office, commute for hours daily, and partake in office politics. They want control of their destinies. They are at home and trading online. And many of them are making a fortune.

3. The book coincides with entry into Britain of E*Trade the online discountbroker and the London Stock Exchanges drive to increase share ownership. Trading online is a hot topic.

* The book contains advice from John Merriwether's (of Long Term Capital Management) protege Bill Lipschutz - former Managing Director and Global Head of Foreign Exchange at Salomon Brothers. It took 38 years for radio to reach 50 million listeners, television took 13 years to reach 50 million viewers. The Internet reached 50 million users in 4 years.

* Five years ago Internet trading did not exist, today there are more than 4 million online accounts, by 2002 there will be 14 million with assets of $700 billion.

* One quarter of all retail stock trades are made in cyberspace.

* Until recently the typical online trader would have been male, graduate, professional, over 30 years old. Today, there are homemakers, retirees, teenagers and unhappy employees waiting to do it full-time.

* There are around 220,000 online trades daily in the US alone.

* There are 62 million US traders online according to IntelliQuest Info Group.