Best Book for Daytrading

By authors Marc Friedfertig and George West explain the underlying rationale behind day trading and offer tips and strategies designed to help you become a successful trader.

In The Electronic Day Trader, authors Marc Friedfertig and George West explain the underlying rationale behind day trading and offer tips and strategies designed to help you become a successful trader. In the words of the authors, "Day trading appears so deceptively easy, yet in reality it is a never-ending challenge. It is a game, an opportunity to match wits against the majority and thereby prosper. Day trading the stock market is the ultimate opportunity to speculate and the ultimate game." The Electronic Day Trader was one of the earliest and is still one of the best selling books dealing with day trading. The book covers all of the key aspects of day trading. A particular good chapter deals with and accurately reflects the trading mechanics and psychology of market makers and brokers. Also useful are the chapters dealing with the bid/ask spread, the stock exchanges and how they work, and the difference between speculating, gambling and day trading. The book is well organized and easy to read. All in all a good guidebook for the aspiring day trader.

• Use today’s high-powered home computers to access professional research, real-time quotes, and low-cost, instant trade executions.
• Bypass your broker and gain direct access to the markets—through SuperDot, ECNs, and other electronic trading systems.
• Develop the skills used by market makers to beat them at their own game.