by Alan Northcott
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Product Description
Short-term trading refers to the practice of buying and selling financial instruments within the same trading week or, at most, a few weeks. Short-term traders buy and sell stocks over a few days or weeks in the hope that their stocks will continue climbing in value for the time they own them, making for quick and, often, huge profits. Some of the more commonly traded financial instruments are stocks, stock options, currencies, and futures contracts such as equity index futures, interest rate futures, and commodity futures. Short-term trading was once the preserve of banks, financial firms, and professional investors. Many traders are bank or investment firms employees working in equity investment and fund management. As with many other business segments, the Internet, technology, and legislative changes have opened up this attractive marketplace to a new breed of individual investors and speculators working part-time. You and I can now stand on an even playing field with the largest banks, wealthiest individuals, and trading institutions from the comfort of home. Short-term trading can provide you with very high and secure rate of return as high as 12%, 18%, 24%, or even 300%. If performed correctly, short-term trading can far outpace all other investment techniques. The key is to know how to perform this process correctly. This all sounds great, but what is the catch? There really is none, except you must know what you are doing! This groundbreaking and exhaustively researched new book will provide everything you need to know to get you started generating high-investment returns with low risk from start to finish. In this easy to read and comprehensive new book you will learn how to set up your online account, how to choose the correct software to use in trading, how to get started in short-term trading, how to invest in short-term stocks, evaluate performance, and handle fees and taxes. This book delves into trading tactics for swing trading, position trading, leveraging the stock market, selling short, and pinpointing entry, exits, and targets for your trades. You will pick up the language of a trader so that you recognize candlestick patterns, advancing and declining issues and volume, call options, and put options. You will know how to find the very best stocks every day, how to read and prosper with stock charts, how to use the New York Stock Exchange tick indicator and trading index (TRIN), the Commodity Channel Index (CCI), the moving average convergence/divergence (MACD), the Dow 30-Day Moving Average. As you read this book, the mysteries of short-term trading will unfold so that you can double or even triple your investment all while avoiding the common traps and pitfalls. In addition, we took the extra effort and spent an unprecedented amount of time researching, interviewing, e-mailing, and communicating with hundreds of today s most successful investors. Aside from learning the basics of mutual fund trading you will be privy to their secrets and proven successful ideas. Instruction is great, but advice from experts is even better, and the experts chronicled in this book are earning millions. If you are interested in learning essentially everything there is to know about short-term investing as well as hundreds of hints, tricks, and tips on how to earn enormous profits in short-term investing while controlling your investments, then this book is for you.
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Average Customer Review:
0 of 0 people found the following review helpful:
For Beginners, 2010-02-12
First of all, this book was easy to read, understand, and had some really good points. It is a general overview of many aspects of trading and an excellent book for beginners to read. I really enjoyed how the author started off the book with an introduction to the two monsters that eat traders alive: FEAR and GREED. It includes the psychological side of trading, includes an overview of different markets to trade, examples of entry and exits with sections on technical analysis. Overall, a good read for the beginner.
Like some of the other reviews, I agree that there isn't a lot of advanced material in here and if you have been trading for a while, you may not have learned much and may not benefit from reading this book. But if you are just getting started in trading, I think you'll like this one.
If you are a beginner, I would suggest the book, "How to Make Money in Stocks: A Winning System in Good Times and Bad, 4th Edition" over this book. It goes a little more in depth and includes a lot of good material that every trader should know.
In conclusion, I give this book 4 stars because it is a nicely written, easy to understand introduction to trading. If you've been trading for a while and are looking for a book to build upon the knowledge you already know, then I would avoid this book. In fact, if the title of this book included the word "advanced", I probably would have given it 2 stars.
1 of 1 people found the following review helpful:
 Complete Guide to Investing in Short Trading, 2009-09-08
Publication is easy enough to read and comprehend. However the content is lightweight and merely reproduces material found in greater depth in other books on the subject.
If you have never read any other books on the subject it would be a reasonable starting point. For someone with a good understanding of the subject it is short on substance.
0 of 0 people found the following review helpful:
 Very Complete Investment Guide, 2009-08-07
I purchased this book a few days ago, haven't finished reading it yet but I like it so far. It is a very good guide if you want to know how to do short term trading and it talks about those feelings that you have to control when buying stock of a company, sometimes you are caught by greed and the hope to make too much too soon and off course you want to make lots of money but it's important to be cautious too and not just bet your money in any company out there, but make informed decisions based on the fundamentals of the company and also the technical which is the part I'm trying to learn because I've always liked to look at the fundamentals only. I basically recommend this book to anyone willing to learn about trading.
1 of 3 people found the following review helpful:
 complete waste of time, 2009-07-03
"Complete guide to investing" my foot. This book is a complete waste of time and money. The author has many words but very little to say. After reading this book, you'll be back to square one; where you started, not knowing anything substantial. If you want to learn something/anything about investing, please look for another book. This book offers nothing. You might as well get a software and start dabbling in the market yourself. That's the long and short of this whole book. Mine is going straight to the gabbage.
7 of 7 people found the following review helpful:
What a major disappointment, 2009-05-11
This book is a very basic book about trading. If you have traded for 3 months or more, many of things pointed out in this book, you will already know.
I've read many books about trading. This quite possibly might be the worst one of the bunch. Its very basic. Things that were covered, full service, web based and direct access brokers. Most of the major indicators were covered by the author. This information can be found anywhere on the web.
As I was reading this book, I kept waiting for the author to get into the nuts and bolts about short term trading. I waited and it never came. This book is very "generalized".
I gave it one star on the review but would have gave it a 1/2 star if I had that option. I would ask for a refund, if I could.
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