The Complete Idiot's Guide to Active Trading: Turn High Volume into Cash in Today's Market

by Ken Little

Overview

The smart way to succeed in electronic trading.

There is money to be made in active electronic trading, if investors know the rules of the game and the right investing strategies. This guide includes all the information nonprofessional traders need to be successful at day trading stocks in today’s market, with tips and up–to–the–minute information on the newest technologies, the amazing opportunities in both American and international markets, and strategies for how to profit from them.

• Most current day trading guide available
• Up–to–date screen captures of dozens of actual trading scenarios
• The newest information sites and technologies
• Full glossary of trading terms

Product Details

ISBN-13:	9781440653247
Publisher:	DK
Publication date:	11/04/2008
Series:	COMPLETE IDIOT'S GUIDE Series
Sold by:	Penguin Group
Format:	eBook
Pages:	352
File size:	3 MB

About the Author

Ken Little is the stock investing writer for About.com and the author of more than 12 books on personal finance topics, including Teach Yourself Investing in 24 Easy Lessons. His relaxed and informative style helps readers understand complex financial topics in a way that removes the fear factor that often accompanies tackling complex investment topics. In addition to being a personal finance author, Little was the chief financial writer for a large mutual fund and has been a consultant to several large financial services companies. He’s also served as the business editor of a major daily newspaper and vice president of marketing for a large financial services company.

Table of Contents

Part 1 The Active Trading Game 1

1 What Is Active Trading? 3

2 Characteristics of the Active Trader 15

3 Short-Term Trading: Day and Momentum Trading 25

4 Swinging Trades 35

5 Position and Trend Trading 47

Part 2 Markets and Products for Active Trading 57

6 Today's Stock Markets 59

7 What Active Traders Trade 73

8 The Scoop on Stocks and Other Equities 85

9 Trading Futures and Currency 97

Part 3 Active Trading Tools 113

10 Information Power 115

11 Stockbrokers and Advisers 127

12 Direct Access Trading 139

13 Market Orders You Must Know 151

14 Using Level II Screens 163

15 Using Technical Analysis 175

16 Charts and Indicators 185

Part 4 Strategies for Active Traders 201

17 Short-Term Trading Strategies, Part 1: Day Trading 203

18 Short-Term Trading Strategies, Part 2: Momentum Trading 215

19 Swing Trading Strategies 227

20 Position Trading Strategies 237

Part 5 What It Takes to Be an Active Trader 247

21 Tax and Legal Issues 249

22 Tools of the Trade 259

23 Money and Time Management 273

24 Is Active Trading Right for You? 285

Appendixes

A Resources 297

B Glossary 303

Index 309