'We trade online to save commissions, to be in charge of our investments, to be more in control of our own futures, to keep more of the profits. The Internet has further democratized capitalism.' This is a world where millions of people are discovering the rewards of home stock trading, where online investing is one of the most popular pursuits on the Internet, and where Internet brokers are making trading accessible to a whole new generation. This is the world of net-trading, and this is the age of the net trader. Get online with the new trading strategies. It's time to learn from the best and beat the rest. In Net-Trading best-selling trading expert Alpesh Patel explores the world of online trading in stocks, options and futures and introduces the next generation of strategies form the growing community of electronic traders. From first steps to flawless execution, from volume patterns to volatility, practical advice is matched with the day-to-day trading tips, tactics and market experiences of some of the world's most successful electronic traders. Combining practical expertise with personal experiences on the electronic frontier, this book is a valuable insight into electronic day-trading and an insight into the world of the e-traders. 'Net Trading has an easy charm and assured delivery which will benefit beginners and experienced online traders alike. It is embellished throughout with the kind of detail that made Trading Online such a great read. Patel cuts and pastes snippets from online chat rooms and mixes it up with expert advice from the likes of Jon Najarian and Bernard Oppetit. He is encyclopedic in his guide to the best online trading sites and brokers. If Net Trading is any indication of the quality we can expect from the nascent FT.com book imprint, the future is bright indeed.' Iain Campbell, Amazon You can find the full review at www.amazon.co.uk
I. Who are the online traders?
1. Who is doing it?
2. Short-term trading vs. longer term investing: Who wins in a street fight?
3. Choice of time frame: Day trader or days trader?
4. Overview: Getting Trading ideas on your radar screen
5. Board advice: Success tips before you begin form our esteemed peers
6.Trading online is easy and trading online is difficult: Know what you are getting into
II. What you must know about trading systems
7. On trading systems: Online traders do it in front of a PC
8. Key principles of strategy making and testing: Some problems
9. Software for creating and testing systems: And then Gates said unto man: 'Let there be powerful software'
10. The anatomy of a price rise and strategy rules
III. Online trading strategies for stocks, futures, and options
11. Essential technical analysis strategies for online trading
12. Multiple time frames and indicators: Multiplicity for for high-probabiliy returns
13.IPO or NO: strategies for trading IPOs
14. Intra-day pivot-point strategies
15. Retracement strategies: Hold yer horses
16. Pullback onto trend strategies
17. Japanese Candlestick entry and exit strategies: From the Land of the Rising Sun
18. Earnings strategies: Show me the money
19. Day trading futures: Momentum strategy
20. Cup and handle: Traders get imaginative
21. Breaking-out strategies: True or false?
22. Online strategies from the net: Lists and sites that supply trading opportunities
23. Bollinger Bands strategies: Wait for it to get tight
24. Strategies for price gaps: Mind the gap!
25. Volatility strategies: If it moves, jump on it
IV. Electronic day trading strategies
26. Electronic day trading: warnings, cautions, and pitfalls
27. Day trading: The level II screen and acronyms
28. Electronic day trading strategies in summary
29. Day trading infrastructure
30. Best-of-breed day trading sites
V. E-brokers
31. Finding a good broker: What you need to ask
VI. Money and risk management for e-trading
32. Money management: The road to riches is paved with boring old concrete
33. Stop it right there: Using stops to finesse a trading system
VII. More best-of breed online trading sites
34. Chats and boards: Come join our community
35. Technical Analysis sites: Charting on the web
36. Prices for software daily and historical: Feed me
37. The future and its options: Futures and options site
38. News sites: The news, and nothing but
39. Online financial megasites: Big just ain't the word
40. Newsletters: Let me be your guru
41.Be an online bookworm
42. Exchanges for e-trading information
VIII. Essential trading psychology for online trading
43. The trading psychology of risk and money management
44. Top trading psychology tips from leading traders of the world
IX. Appendices
1.The basics of futures: Meet the Dow Jones and the S&P 500s
2. The basics of options trading and strategies
3. Minimum essential hardware and software to get going
4. Orders: Your order is my command - sometimes
5. Recommended reading
Smug traders' glossary
Index
About Alpesh B. Patel
Alpesh Patel is a barrister who trades online globally. He placed his first trade 16 years ago at the age of twelve. Whilst living in Washington D.C, he started using the Internet as a trading resource before most people had even heard of the Net. He own equities in European, US and Indian companies. Alpesh is the director of several Internet companies. Alpesh is the author of The Mind of a Trader (FT Pitman, 1998) and the best selling Trading Online (Financial Times/Prentice Hall). Alpesh writes the popular Diary of an Internet Trader in the Financial Times, and Patel on the Markets on the UK-invest website. He also lectures around the world and appears on regular shows on Bloomberg TV.