Review: Helpful Starter Points!
Rating: 4 out of 5
Date: 05 2, 2014
I really wasn't fully sure what "day trading" was exactly, this book touch based on some key points that provided clarity on what day trading is and how to get started. Simply put day trading is selling and buying securities to generate profits...on the same day (hence day trading). Day trading can be successful for the self-employed, or just for those that are actively involved in trading. Risk are talked about in the book, however I feel as though it wasn't as informative as it could've been, the information provided on the risk was minimal. Michael Young does a good job describing how a Day Traders office should be set-up (computer, telephone, internet, television, firewall protection etc;) and the Capital that's needed, the Rewards (the benefit of the trading pay out), and preparing for the first day of trading. Trading strategies are discussed, fundamental and technical analysis are also explored. There are different types trading which was informative because I was not aware of them; Range, Market, Gap, Swing, Position trading are talked about and goes into enough detail to give the reader a good idea of what each trading option is and how it works. This book is a good starting point to day trading, it provides just enough information to get your trading business going.