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9780793139620

The Online Trading Survival Guide

by
  • ISBN13:

    9780793139620

  • ISBN10:

    0793139627

  • Format: Paperback
  • Copyright: 2000-11-01
  • Publisher: Dearborn Trade Pub
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Summary

For every Online and would-be Online investor, it's time to dispel the myths and clear up the confusion and misunderstanding about what investors can and can't expect from an online discount brokerage. Online Trading Survival Guide is a comprehensive yet friendly how-to guide, financial expert and brokerage industry insider Jack Guinan offers answers investors need before they make their first trade. From the initial process of opening an account, to answers about account transfers, margin accounts, how trades work and trouble - shooting problems, this information encourages investors to maximise their relationships and investing opportunities with their Online broker.

Table of Contents

Acknowledgments ix
Introduction xi
The Online Brokerage Industry..
1(22)
Same Song but the Drum Beats Faster
1(9)
The Online Brokerage Industry: A Status Report
10(7)
Online Trading---Why Now?
17(4)
Putting It All Together
21(2)
Choosing Your Online Broker..
23(20)
Are You Really Ready to Make Your Own Investment Decisions?
23(2)
Don't Get Caught Up in Online Brokerage Advertising
25(4)
What's Important to You in Your Online Brokerage Account?
29(2)
Online Brokerage Account Features and Why You May Need Them
31(5)
What Features Are Right for Your Situation?
36(4)
Rating Services and Selecting Your Online Broker
40(2)
Has Your Online Broker Been in Any Trouble?
42(1)
Opening Your Account..
43(24)
Get It Right the First Time
43(1)
Mr. Smith Opens an Account
44(1)
Trying to Make It Easy
45(1)
The Application: Your Broker's Perspective
46(3)
The Application: Your Perspective
49(1)
Account Registration Types
50(10)
The Option Agreement
60(4)
Other Things to Consider
64(1)
Troubleshooting the Online Brokerage Application
65(2)
Funding Your Account..
67(22)
Why Can't I Just Write You a Check?
67(1)
Remember, Online Brokers Are Not Banks
68(3)
When You Absolutely, Positively, Must Execute Your Trade Now!
71(2)
Funding Your Account by Check
73(1)
Don't Leave Those Stock Certificates Lying Around
74(7)
Transferring Your Account from One Broker to Another
81(7)
It's Not Rocket Science, But...
88(1)
Understanding Account Balances and Margin Basics..
89(28)
Know How to Read Your Account Balances
89(2)
The Long and Short of It
91(1)
Long and Short Account Types
92(4)
Do You Know in What Account Type Your Positions Are?
96(1)
Calculating Total Account Value/Total Net Worth
97(2)
Cash Dividends and Stock Splits
99(1)
Borrowing Money from Your Broker
100(1)
The Language of Margin
101(3)
Margin Trading on Your Online Brokerage Account
104(5)
House Maintenance Call Violations
109(4)
Why Investors Use Margin
113(1)
Stay Balanced
114(3)
The Trading Exchanges..
117(24)
Online Brokers as Agents
117(2)
The New York Stock Exchange
119(6)
The American Stock Exchange
125(3)
The Philadelphia and Other Regional Exchanges
128(1)
Electronic Communication Networks
129(2)
The Nasdaq Stock Market
131(4)
Options Trading and the Chicago Board Options Exchange
135(3)
Stock Exchange Trading Halts
138(3)
Getting Started: It's Time to Trade..
141(18)
Beware Internet Scams
141(2)
Have Confidence in the Trade Execution Process
143(2)
Warning: Hot Stock Market Ahead
145(2)
What Type of Order Should You Place?
147(4)
The Unemotional Investor
151(1)
The Stubborn Investor
152(1)
The Panicked Investor
153(1)
Unemotional Numbers That You Can Become Attached To
154(1)
Information about Stocks You Should Know
154(2)
Economic Indicators You Should Understand
156(3)
Working with Your Online Broker..
159(24)
Online Trading Is Not Always Online
159(2)
Service Calls versus Trading Calls
161(1)
Your Online Broker's Tools
162(3)
The Three Ps: Professional, Prepared, Prompt
165(4)
Don't Get Angry---Get It Solved
169(6)
Canceled, Pending Canceled, or Nothing Done?
175(2)
Addressing Margin House Calls and Exchange Calls
177(2)
Options Traders: Understand Your Firm's Options Exercise Policies
179(1)
Negotiating Commissions
180(3)
The Tax Man Cometh..
183(12)
Don't Forget About Uncle Sam
183(1)
How Much Do I Owe?
184(2)
How Do I Determine My Short-Term or Long-Term Capital Gains or Losses?
186(1)
What If I Don't Know the Tax Basis or Holding Period of My Shares?
187(2)
Identifying Shares---First In, First Out or ``Versus Purchase''
189(2)
Taxes and Your Stock Options
191(4)
Epilogue The Closing Bell.. 195(4)
Moving Ahead
195(4)
Appendix A Online Trading Customer Exam.. 199(10)
Appendix B Online Brokers.. 209(8)
Resources 217(3)
Glossary 220(8)
Index 228

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