This article is an
abstract of the book:
The Complete Guide
Daytrading has many advantages. The
electronic revolution has made it possible for everyone to take
advantage of even the smallest price fluctuations. Real-time
data and order executions are available at lower monthly costs than
ever before, and a trader can access the markets from home with
a standard personal computer. Because access to the markets is now
so easy, daytrading has become a booming business within a few short
years, and the number of online accounts is still growing rapidly.
According to Gomez Advisors (www.gomez.com),
by the end of 1998 the number of online brokerage firms had risen
to over a hundred with customer accounts totaling almost 7 million.
Gomez predicts that there will be over 17 million
accounts by 2002. Online traders already account for about one
third of the daily retail transactions on the NASDAQ stock exchange.
Why is daytrading
so interesting? Quite simply because you can make an incredible
amount of money in a very short time and the access is easy.
Anyone with a computer and an Internet connection can be part of
the daytrading revolution. Daytrading is also tempting because it
promises freedom, wealth and adventure, and it gives you
the feeling that you are doing something exceptional. Daytrading
is unique. It offers new and unlimited business potential. Anyone
can make a fortune in daytrading; the markets are open to everyone.
What other type of business offers you these opportunities?
in any business, in Daytrading some will succeed but many will fail.
Certainly daytrading promises a great deal, but there are many risks
associated with it as well. Access to daytrading is easy,
but the trading itself isnít. Itís a brutal business and there is
no easy money. You must prepare carefully, you must do your homework,
and you must also be aware of all the pitfalls and the most common
mistakes. Knowing these will save you a lot of money, but this is
only the first step. To be successful in the long term, you must
know much more. You must be better than most of the other traders
book gives you all the information you need. Make sure you read
it very carefully all the way through. It will take some time to
work through, but donít skip anything. You will need to know all
the information it contains. Do all the exercises, go through all
examples and demos carefully, and make sure you thoroughly understand
everything. If there is something you donít understand, donít hesitate
to contact us at [email protected]. Weíll answer
your questions as well as we can, as soon as possible. Also, check
out our web site at http://www.alert-trading.com.
because it contains a lot of useful information