Trading on Line : Some Day We Will All Trade This Way

by Patel, Alpesh B.

• ISBN13: 9780273650416
• ISBN10: 0273650416
• Edition: 2nd
• Format: Paperback
• Copyright: 2000-10-01
• Publisher: Pearson P T R

Summary

"You have two choices, buy this book or attend a $5000 course on cyber-trading. I'd take the former." - Floor Trader And Author Tricks Of The Floor Trader: Trading Chicago Style, Neal T Weintraub "the best guide available on how to use the internet to improve investing performance and reduce costs." - Internet Investor A mere ten years ago, few people could have imagined a global network connecting everyone and everything, providing a boundless data stream, accessible to all, at virtually no cost. The Internet has redefined the scope of communications, day-to-day living and business. It is this profound impact that makes Alpesh Patel's Trading Online such an important book for those of us who make our way in the global trading community. Trading Online is the road atlas to cyberspace, identifying the most direct routes to high-quality, low-cost information for the online trading of financial instruments. By taking the time to read Trading Online, readers will save hours of time lost on the back roads and blue highways of the Internet.

Table of Contents

Acknowledgements	xvi
Preface	xvii
Stop Press	xx
SECTION 1 The road to profit
What's your pleasure? The product choice	2	(8)
In this chapter	3	(1)
Objective	3	(1)
Questions, questions, questions: choosing a product	3	(2)
The advantages of not being a trading Goliath	5	(4)
Summary	9	(1)
Traders' bread and butter: price data	10	(14)
In this chapter	11	(1)
Objectives	11	(1)
More than quotes	11	(1)
Price data	12	(2)
Some killer quote sites	14	(8)
Summary	22	(2)
Getting trading ideas	24	(20)
In this chapter	25	(1)
Objectives	25	(1)
How people choose what to buy: some popular methods	25	(1)
Filters, screens and lists	25	(2)
How do you know what criteria to use?	27	(16)
Summary	43	(1)
Charts, technical analysis and momentum indicators	44	(50)
In this chapter	45	(1)
Objectives	45	(1)
Technical analysis	46	(1)
The rationale for technical analysis	46	(1)
Charting	46	(22)
Ways of displaying prices	68	(1)
Bollinger bands	68	(1)
Correlation	68	(1)
Ease of movement	68	(1)
Envelopes	69	(1)
Fibonacci numbers	70	(1)
Gann studies	70	(1)
Linear regression	71	(1)
Moving average convergence divergence (MACD)	71	(1)
Momentum	71	(1)
Moving averages	72	(1)
On-balance volume (OBV)	73	(1)
Open interest	74	(1)
Parabolic stop-and-reverse (SAR)indicator	74	(1)
Price rate of change (ROC)	74	(1)
Relative strength index (RSI)	74	(1)
Standard deviation	75	(1)
Stochastic oscillator	75	(1)
Trendlines	76	(1)
William's %R	76	(1)
The most popular indicators	77	(1)
The sites	78	(12)
Educational sites	90	(1)
Software	91	(2)
Summary	93	(1)
Fundamentals	94	(22)
In this chapter	95	(1)
Objectives	95	(1)
Using fundamental profiles	96	(14)
The sites	110	(4)
Summary	114	(2)
Fundamentals: earnings	116	(14)
In this chapter	117	(1)
Objectives	117	(1)
Earnings estimates	117	(9)
The sites	126	(3)
Summary	129	(1)
Global investing and American depository receipts	130	(16)
In this chapter	131	(1)
Objectives	131	(1)
Trade the world online	131	(2)
The sites	133	(4)
Exchanges	137	(1)
Brokers	137	(5)
Summary	142	(4)
SECTION 2
The trade planned	146	(12)
In this chapter	147	(1)
Objectives	147	(1)
What works? Building a trading strategy	147	(5)
Journal keeping	152	(1)
Trading types	153	(1)
Day-trading in Britain: no thanks!	154	(2)
Diversfication	156	(1)
Summary	157	(1)
Mutual funds, investment trusts and unit trusts	158	(14)
In this chapter	159	(1)
The sites	160	(10)
Summary	170	(2)
The future and its options: futures and options sites	172	(12)
In this chapter	173	(1)
The mark of quality: good futures and options sites	173	(2)
The sites	175	(8)
Summary	183	(1)
Option analysis software	184	(6)
In this chapter	185	(1)
What to look for	186	(2)
Summary	188	(2)
Exchanges	190	(30)
In this chapter	191	(1)
Top exchange sites	191	(7)
IPO or no?	198	(2)
The hidden costs of online trading	200	(6)
Earnings problems	206	(3)
Just for non-Americans: the hows and whys of trading US stock online	209	(4)
Trade Europe online	213	(2)
Buying shares: shooting-stars or dogs?	215	(3)
Summary	218	(2)
Finding a good broker: what you need to ask	220	(32)
In this chapter	221	(1)
Objectives	221	(1)
Benefits of an online broker	221	(2)
Psst...Security: how safe is the process?	223	(2)
E-brokers of choice: how a UK online trader should choose a UK online broker	225	(3)
Broker watch	228	(4)
Brokers	232	(11)
Trying to profit from the growth in online trading	243	(3)
How online traders can exploit full-service brokers	246	(6)
Eyes and ears open: monitoring	252	(8)
In this chapter	253	(1)
Objectives	253	(1)
Monitoring what?	253	(1)
Monitoring when?	254	(1)
How the internet assists	255	(1)
What to look for when seeking an online protfolio tracker	256	(1)
The sites	256	(2)
Summary	258	(2)
Keeping abreast: education	260	(32)
In this chapter	261	(1)
Objectives	261	(1)
Market news and commentary	261
News sites	253	(12)
Market newsletters	265	(5)
Chatting to a virtual community: newsgroups	270	(4)
Some popular web-based discussion forums	274	(1)
The very unboring boardsters	275	(5)
Chats and boards: come join our community	280	(8)
E-zines: electronic magazines	288	(1)
The top e-zines	289	(2)
Summary	291	(1)
Bonds and only bonds	292	(8)
In this chapter	293	(1)
Good bond sites	293	(4)
Summary	297	(3)
SECTION 3 The truth is out there
Net trawlers: search engines	300	(6)
In this chapter	301	(1)
Objectives	301	(1)
What is a search engine?	301	(1)
How to search	302	(1)
Top search engines	303	(2)
Summary	305	(1)
The directory approach: web financial directories	306	(10)
In this chapter	307	(1)
Objective	307	(1)
What a directory is	307	(1)
Which directories?	308	(7)
Summary	315	(1)
Be on online bookworm	316	(12)
In this chapter	317	(1)
Objective	317	(1)
Online stores?	317	(2)
Things to bear in mind	319	(7)
Summary	326	(2)
Scams, spams and other online trading pot-holes	328	(103)
In this chapter	329	(1)
Objective	329	(1)
A growth industry	329	(3)
The sites	332	(8)
SECTION 4 Appendices
1 Essential hardware and software	340	(6)
2 The basics of futures	346	(10)
3 The basics of options trading and strategies	356	(10)
4 Orders	366	(4)
5 The bigger picture	370	(8)
6 Speeding things up	378	(6)
7 Recommended reading	384	(14)
8 Exchanges of the world	398	(33)
Glossary	431	(12)
Index	443