Novice readers who want to learn about the more high-stakes form of day trading can find some helpful information in the book. Farrell devotes the final section to momentum trading strategies, while admitting they're not to his taste. Ultimately, Day Trade Online is most successful at giving the reader a realistic picture of what the life of an online day trader is like. Farrell insists it's a fun and exciting career, but in truth it sounds pretty dull. He admits there's no social interaction and that you won't earn much respect.
Confidence is important.
Farrell clearly has that confidence and enjoys what he does, reveling in waking up at 9 a.m. and being ready to trade minutes later. But at 26, he has been at this for only a little over two years. One can't help wonder if Farrell, an able writer with a best-selling book, will still be day trading five years from now or if he'll have taken his writing talents elsewhere. The McGraw-Hill Companies Inc. All rights reserved.