Rating:  Summary: Good introduction to the world of day trading Review: As a newcomer to the world of day trading, I found this book to be quite informative as to how the market makers and inside players move and manipulate the market to their advantage. This information is not widely known by the general public and news to me. It also dismisses the notion that anyone with a computer can succeed at day trading without the right tools, education, and hard-won experience. I think the author has some depth of experience and good ideas about the industry, although it is not always easy to understand his writing style. I found I had to reread certain segments, agree with others that the editor needed to put in more time. He is obviously not a disinterested party and is partly promoting his own company with this book. But overall, a very useful and informative book for the aspiring day trader.
Rating:  Summary: Read Chapter 5 Review: Picked up this book at our local library. Was'nt expecting much, but then I flipped through to Chapter Five.Chapter Five is worth the book price. In it you will learn how the market is moved, by watching the bid/ask prices and size. I only trade futures, not stocks, but the information in chapter five confirmed the reality of trading in all markets. The strong money will win - every time - at will. You need to know what to look for and which side they are on.
Rating:  Summary: Great Read! Review: I read both of Nassar's books and they are both excellent additions to anyone's library on trading. He is clear, direct, firm, and no nonsense. That is what I like about this author the most. He does no selling in the book and only offers information, page after page. I have read many books on trading and most authors have something to sell, Nassar's book makes you search for how to reach his firm,... I think he is world class in his approach and has integrity. His material is simple to understand and the ideas are easy to incorporate into trading yet rewarding. He makes it clear that trading success is about you, not a magic formula that so many portray is possible, which in fact is not. Read Nassar's books if you want it straight.
Rating:  Summary: Don't quit your job to day-trade quite yet! Review: The information in this book is simplistic and (in my opinion) there does indeed seem to be a not-so-hidden agenda aiming readers toward the author's courses and his trading firm. On the other hand, if you don't know much about trading, it's a pretty good introduction to the basics. Most of the strategies discussed would work equally well simply by using any of the reputable on-line brokerage firms such as Waterhouse or E*Trade for trade executions. In my experience, placing appropriate limit orders with a good online broker results in almost instantaneous executions and if you want to play the level II NASDAQ game, well, good luck! May I say from many years of trading: If you wish to "scalp" or do short term swing trading, or make money on 1/8 point moves at the speed of light, beware! (At least the author warns of the inherent dangers lurking to snag the day trader.) It's OK to be optimistic, and this book certainly is. It's a little reminiscent of the now-infamous "Wall Street Money Machine" (by a former cab driver who will go un-named) but to be fair, it's not nearly as irresponsible. It IS a GREAT idea to simulate trades before you use real money and, to the author's credit, this rational approach is advocated. Then details get quite fuzzy and the clear message seems to be: For more details, take my course. In the 1990's I have watched friends and aquaintances jump into the various "hot" and "exciting" arenas of OEX options, option writing and buying, commodity futures, short-term-day trading, and the like. These are not dumb or untrained people, but PhDs in engineering, business professionals and the like. Results have been, to put it kindly, mixed, and one of them got wiped out to the tune of $200K rather efficiently. My wife was a financial analyst for a Fortune 500 company and I have been a trader for many years. Now that I am retired from my engineering career, I have lots of time to dedicate to the craft of trading...I choose the word "craft" deliberately...and my advice to those who "have a passion for trading" is: Take a cold bath for the passion, learn as much as you can as long as you can, and then start with teeny trades, one at a time. Maybe one day I'll actually meet somebody who was an instant success in this challenging area, but I haven't yet.
Rating:  Summary: CONCISE AND TO THE POINT... CHOCK FULL OF INFORMATION!!! Review: As a relative newcomer who is seeking to research and break into to the world of electronic trading I found myself both challenged and motivated by Mr. Nassar's book. In very easy to read style,the author explains in systematic,bite-sized chapters eveything a person needs to know to enter into the exciting arena of daytrading. Market analysis, trading strategies,defining your E-DAT style, the physcology of daytrading... It's all there. One thing that I particularly appreciated about the book was the lack of "hype and hooplah" regarding electronic trading. Unfortunately, in so many contemperary writings on the subject the authors make it sound like electronic trading is nothing more than a glorified slot machine where anyone who pulls the handle will get rich quick. As I progressed thru each chapter of Mr. Nassar's book I received the impression that electronic daytrading is a skill and an art that is developed and that those who fine tune those skills will be justly rewarded. As a bonus, there are a number of appendix at the rear of the book that explain electronic trading and Wall Street terms, market makers and their symbols, as well as suggestions for trading software and quotation services. On a final note,I so appreciated the reasonable cost of the book which seems to be less than half of other titles on the subject. All in all it was a great read. Thanks David!
Rating:  Summary: Read the title, and then review! Review: A lot of the reviews here are unecessarily harsh. The title of the book is "How to Get Started in..." It is not an end all be all of day trading books, but it is a highly informative book, and I believe it accomplishes what it sets out to do (get a novice's feet wet in day trading). I wouldn't start day trading with this book alone, but it is a good start.
Rating:  Summary: Outdated and overpriced. Review: When it comes to money making e.fads (as daytrading is now seen) you need the absolute most accurate up-to-the-minute information available to succeed. This book is simply none of the above. Sorry. If you really want to know how to get started (or if you even should) go to one of the daytrading .coms and read their FAQ. Their information will be the most up-to-daye around, and they might even offer advice that will help you get your finances in order before you start.
Rating:  Summary: Fairly good for newcomers - solid intro. text Review: Nassar has written an effective book to help get those who are new to trading up to speed on the basics that are needed. Along with Friedfertig's books they are 'required reading' for anyone considering getting started in electronic daytrading. We recommend it for our new traders at the Daytrading University. The book is not for experienced traders, but it's good for newcomers to the trading scene. Be sure to get Tony Oz' and Barry Rudd's books once you've gotten the basics mastered.
Rating:  Summary: A good start, but not great Review: Nasser has done a respectable job teaching some aspects of trading. However, it's not the best place to start. And certainly does not tell you "everything" you need to know to day trade. The author writes as if assuming that the reader already already understands much of trading. This book is no match for a full course in day trading.
Rating:  Summary: The Ultimate Test Review: Of the five daytrading books that I have read in the last sixmonths this book is by far the most informative. It has the leastadvertising for seminars or schools. Using the techniques in the book I increased my capital investment on a simulator by 124% in three weeks. It will give you a strong foundation to trade and learn from. Keep your head about you. Cut your losses. Good Luck
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