“Online investing is ‘back in vogue . . . ‘”–The Wall Street Journal Wall Street Journal bestselling author David Nassar changed the course of independent investing–and sold more than 100,000 books–with his landmark How to Get Started in Electronic Day Trading. Times and markets have changed, however, and a sense of caution has replaced that period’s go-for-the-gusto ethos. At the same time, millions of traders and investors can’t help but see–and hunger for–the fast-turnar…
Buy How to Get Started in Active Trading and Investing at Amazon
This book is a great introduction to trading and technical analysis. The author explains the technical analysis patterns, and more importantly, the financial psychology behind those patterns. He explains how supply and demand, and the human behavior of greed and fear create those patterns.
The only shortcoming is that there isn’t much material on the other important aspects of trading like money management, position sizing, risk management, system testing / validation. For that, you would still need a book like Van K. Tharp’s “Trade your Way to Financial Freedom” or Marcel Link’s “High Probability Trading”. I would have rated this 4 and 1/2 stars if there was such a rating. Worth more than 4 stars, but not quite 5 stars.
Overall, this book is a great primer, and would still be a very good value at twice the price.
Great combination of broad overview, and specific analytical techniques. I powered through this book in a few days…partly to quench my newfound thirst for daytrading education, and partly because it is so well written and easy to read.
It wasn’t dumbed down and it wasn’t too technical. Good for beginner to intermediate trader. This is NOT a complete trading guide by any means, but it is a wonderful overview. If you want a lot of theory, this is not the book. The author recommends books on certain topics if you want to expand your knowledge (apparently there is an entire book devoted to candlestick charts).
This book is great for a novice. He outlines techniques in technical analysis and even a little fundamental analysis. From there, the reader can choose which method to expand on through further reading.