Mark Etzkorn – What Works in Online Trading

MARK ETZKORN – WHAT WORKS IN ONLINE TRADING

There is an honest examination of the online day trading concept, the firms that cater to it, and what works online and what doesn’t, so that would-be day traders can avoid the pitfalls and losses. Discussing trading as a business that most traders conduct without a plan, this book addresses common trading misconceptions, provides realistic answers to critical questions, and features an investigative analysis based on real people who are day trading and the firms they trade at or through.

FROM THE INSIDE FLAP

Online trading has taken hold of the public imagination due to a roaring bull market and breakthrough in communications technology. The media helped fan the flames of this phenomenon with sensational reports of hotshot traders who left the nine-to-five world to make fortunes for themselves at their computer screens.

What are the realities of making a living in the markets? The average person has no chance of making a killing trading online. The pundits claim that the new electronic playing field is level. If beginners don’t learn important lessons before embarking on a career as online traders, their dreams will go up in smoke even before they get off the ground.

What Works in Online Trading is an in-depth look at what it takes to make a living in today’s markets, written by a team of today’s top online traders, trading coaches, analysts, systems experts, and financial journalists. The book will help you determine if a career in trading is right for you, as well as give you the tools to start. You will gain insights from trading professionals into what really works online and what doesn’t.

This book takes a simple approach to online trading because it is so dangerous to approach it without clearly defined long- and short-term goals. What Works in Online Trading gives detailed analysis in four major areas.

? The basics of trading include the mechanics of trading, how markets such as the New York Stock Exchange work, and the inside scoop on today’s trading technology.

? There is a step-by-step instruction for implementing different trading plans, from swing-trading approaches to Level II scalping techniques.

? You can learn the probabilities of trading techniques for limiting your risk and how to integrate them into your trading plan.

? Read firsthand accounts of what it takes to become a consistently profitable trader from those who have been there.

Understandable, concise, and realistic, What Works in Online Trading is a valuable source of insight and ideas for those currently trading online and must be read by anyone seriously considering it as a career.

FROM THE BACK COVER

Anyone thinking about taking the plunge into online day trading should read this.

If you are looking for an honest and authoritative assessment of different trading strategies, risk control techniques, and trading technology, you have come to the right place.

There is a plan for those looking to move into online trading. What Works in Online Trading provides all the tools to excel, covering everything from trading basics like Level II screens to more advanced technical analysis. The Institute for Technical Market Analysis is located at Golden Gate University.

Mark Etzkorn, now Editor in Chief of Active Trader magazine, has gained the experience and contacts to provide you with a well-balanced education on trading. Take advantage of the insight presented in this book.