Survival Guide

Informationen zum Autor BENNETT A. MCDOWELL , founder of TradersCoach.com(R), began his financial career on Wall Street in 1984 with J.J. Kenny, and later became a Registered Securities Broker and Financial Advisor for Prudential Securities and Morgan Stanley. He developed his own proprietary trading system, later known as the Applied Reality Trading(R) (ART(R)) system, which was released to the public in 2003 and today is used by traders in over fifty countries around the world. Considered an expert in technical analysis and complex trading platforms, McDowell lectures nationally and writes for many leading trading publications, including Technical Analysis of Stocks & Commodities magazine. He has also written two other bestselling books published by Wiley, The ART(R) of Trading and A Trader's Money Management System , both released in 2008. Internationally recognized as a leader in trading education, Bennett teaches trading to students around the world through his company TradersCoach.com(R). Klappentext The must-have guide for anyone entering the exciting world of trading from home The financial markets are insanely complicated, constantly changing, and completely conquerable. That's right--as intimidating as the prospect of entering the trading world might seem, with the right knowledge and a proper understanding of how the markets work, the rewards can be yours for the taking. Survival Guide for Trader s is the essential handbook for individuals looking to start their own trading business from the comforts of home. Becoming--and succeeding as--a trader is hard enough, and can be even more difficult for those who choose the stay-at-home route, but it certainly doesn't have to be. The biggest stumbling block for people looking to launch their own trading business is their failure to understand the complexities of the "back office" operations that are essential for success. There is far more to being a trader than meets the eye, but once you come to understand how trading works for the biggest firms, you'll be ready to build a business that will last. Survival Guide for Traders is here to teach you the essentials you need to get started on the path to lasting success as a home trader. Packed with strategies for building a profitable home trading business and the answers to questions most up-and-coming traders would never think to ask--including topics like how to create a trading business plan, set up an office, implement a trading system, use margin, deal with legal and financial issues, and keep appropriate records--this book has it all. Zusammenfassung The must-have guide for anyone considering entering the exciting world of trading from home The biggest stumbling block for people looking to launch their own trading businesses from home is a failure to understand the complexities of the "back office" operations needed to be successful. Inhaltsverzeichnis 17339246 ...

Autorentext

BENNETT A. MCDOWELL, founder of TradersCoach.com(R), began his financial career on Wall Street in 1984 with J.J. Kenny, and later became a Registered Securities Broker and Financial Advisor for Prudential Securities and Morgan Stanley. He developed his own proprietary trading system, later known as the Applied Reality Trading(R) (ART(R)) system, which was released to the public in 2003 and today is used by traders in over fifty countries around the world. Considered an expert in technical analysis and complex trading platforms, McDowell lectures nationally and writes for many leading trading publications, including Technical Analysis of Stocks & Commodities magazine. He has also written two other bestselling books published by Wiley, The ART(R) of Trading and A Trader's Money Management System, both released in 2008. Internationally recognized as a leader in trading education, Bennett teaches trading to students around the world through his company TradersCoach.com(R).

Klappentext

The must-have guide for anyone entering the exciting world of trading from home The financial markets are insanely complicated, constantly changing, and completely conquerable. That's right--as intimidating as the prospect of entering the trading world might seem, with the right knowledge and a proper understanding of how the markets work, the rewards can be yours for the taking. Survival Guide for Trader*s is the essential handbook for individuals looking to start their own trading business from the comforts of home. Becoming--and succeeding as--a trader is hard enough, and can be even more difficult for those who choose the stay-at-home route, but it certainly doesn't have to be. The biggest stumbling block for people looking to launch their own trading business is their failure to understand the complexities of the "back office" operations that are essential for success. There is far more to being a trader than meets the eye, but once you come to understand how trading works for the biggest firms, you'll be ready to build a business that will last. *Survival Guide for Traders is here to teach you the essentials you need to get started on the path to lasting success as a home trader. Packed with strategies for building a profitable home trading business and the answers to questions most up-and-coming traders would never think to ask--including topics like how to create a trading business plan, set up an office, implement a trading system, use margin, deal with legal and financial issues, and keep appropriate records--this book has it all.

Zusammenfassung
The must-have guide for anyone considering entering the exciting world of trading from home The biggest stumbling block for people looking to launch their own trading businesses from home is a failure to understand the complexities of the "back office" operations needed to be successful.

Inhalt
Acknowledgments. Foreword (Toni Turner). Preface. Introduction: Survival Of The Fittest. Part One: Survival Basics. Chapter 1 It's A Jungle Out There! Brawn, Brains and Technology. Technological and Innovation Timeline. Don't Bring a Knife to a Gunfight. Right in My Own Backyard. Chapter 2 Managing Your Money Is Serious Business. Trust and Financial Advisors. Tips on Selecting a Qualified Financial Advisor. So, Who Are You Going To Trust? Creating Your Own Business Plan Will Strengthen Your Ability to Prosper. Rule #1: Trade, Invest and Live Within Your Means. Chapter 3 Accountability, Setting Stops and the "Rogue" Factor. Traders Are the Ultimate Entrepreneurs and Must Be Held Honestly Accountable. Setting Stop Loss Exits Is Essential. The Infamous Rogue Trader Named Nick Leeson. Watch the Rogue Trader Movie. Chapter 4 What's Your Net Worth? Net Worth Statement. Creating Your Financial Profile. Are You Going Forward, Backward Or Standing In Place? Chapter 5 The Life of an Entrepreneur. New Start Up Businesses Have High Failure Rates. What Does It Take For A New Business To Succeed? Small Businesses Are the Backbone of the Economy. Reduce Your Expenses and Increase Your Revenue. How to Reduce Expenses. A Penny Saved Is Really One and a Half Pennies Earned. Increasing Revenue. Chapter 6 Understanding Financial Markets. Buyer And Seller Agree On Price, But...They Disagree On Value. Buyers and Sellers And The Financial Order Flow Process. Types of Orders. Using Margin and Leverage. The Importance of Liquidity And Volume. Zero Liquidity. Volatility and Market Gaps. How Can the Bid And Ask, Spreads, Bad Fills And Slippage Affect Your Profits? You Can Parallel Test Your Broker and Data Feeds. "...I Feel The Need For Speed..." So Many Markets to Choose From... Ticker Symbols at a Glance. Your Data Feed Is Your Lifeline. How to Choose The Best Broker For Your Needs. How to Choose the Best Front-End Platform for Your Needs. Manias, Panics, and Crashes. Chapter 7 Adapting To Changing Market Cycles. 4 Major Market Cycles. It's All in a Name. Using Trendlines to Identify Market Cycles. Using Elli…