Review: Well written and very helpful but not for beginners.
Rating: 5 out of 5
Date: 09 7, 2013
Let me start by saying that I write financial blogs for a number of small websites.  I'm don't, and have never, been a day trader but I understand the terms and the theories behind the market.That being said, I believe that I'm going to start day trading soon, right after I read this book another 2 or 3 times.  Not because it was hard to read (it wasn't) but because the information in "The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex" is very complex, even though the way to USE the information is very simple.That's the catch.  Just like a person who knows what a hammer and nails are can't just build a house, a person who reads this book (and has no other experience) won't be able to start day trading right 'out of the box'.  This isn't a beginners guide to day trading, it's a book that someone who has already been day trading (possibly not successfully) can use to make their day trading easier and more profitable.Author Markus Heitkoetter is definitely an expert day trader and, even better, he's an expert at explaining how to use his system. Anyone who has experience in the stock market is going to quickly understand what he's talking about as well as all of the terms that he uses. A beginner will not have such an easy time however and will need to do a little research and take a good bit of time to practice in order to be successful.To his credit, the author recommends practicing as well and using caution, and he doesn't hype his strategy as the end all and be all to day trading. Rather he's very honest about what his system, if used correctly and followed specifically, should be able to provide.Again it's a very well written book and Mr. Heitkoetter definitely has an excellent system to offer. For anyone looking to be more successful with their day trading it's a must have.  For beginners it is certainly a book to have but not the 1st book that they should buy. (Not that he alludes to that in any way but the nature of humans is to see the word 'simple' and think 'anyone can do it'.)If you're a day trader looking for a simple yet powerful system that's better (probably) then you're already using (if you even have a system) then this is the book for you.  I enjoyed it and it will likely be the jumping off point for my own day trading activities. Highly recommended.PS  If you purchase this book you're going to get a great surprise however. A FREE copy of the author's other book "The Complete Guide to Day Trading".  THAT is the book all you newbies should read first and it's an excellent gift to be sure.