Trading Online: A Step-By-Step Guide to Cyber Profits

Having flicked through the book at the local bookstore before buying it, I was delighted to receive my own copy.By far and easily the best online trading book out there - I know because this one made me money.

This books is really informative for beginners - advance level. I think the information is very useful cuzz it's easy to understand. Even my seven years old girl can understand it. I would recommend this book to people who are on to online trading and taking care of your own stocks. Some books just yap to much without getting straight to the point...what you don't have time to entertaint the authors idea. enjoy!

The book is divided into Sections. Section 1 deals in the basics for the novice of getting online, choosing ISPs, computer hardware, printers etc. This will be basic for most online traders, but as the author says, it can be skipped by those already 'up to speed'.Personally, I would have prefered this section at the end. The final chapter(8) of Section 1 offers some interesting tips on speeding up access to the internet - which strictly do not fall into the field of Trading Online, but are appreciated.Section 2 "The Road to Profit" represents the start of the book proper in my opinion. The section begins with an introduction to action plans. At first I was doubtful if this method of organisation would work, however, having tried them it does tend to provide a useful framework for trading.These action plans, are composed of 7 steps, each necessary for trading online. The steps include price data, fundamental analysis, technical analysis, broker execution methods, portfolio monitoring etc. The book explains the importance of each, and for the important step of analysis for determining likely price moves, the book details some strategies and systems.Having explained the significance of eaxh step and how it relates to each further step, the book moves on to Section 3, which is a list of recommended sites for each of the steps. The sites listed here are cross-referenced to Section 4 of the book, where they are grouped according to whether they are online brokerages, Mutual Fund Sites, Technical Analysis sites etc.The idea behind Section 3 is that you go through each step, say for example Step 3 (Analysis) choosing the sites you think are worth visiting by looking at their description, review and summary of contents provided in the book. You then settle on the core sites for each Step, and stick to them each time you trade. As I have said, how best to use the sites as part of your overall plan is well explained.At first I was a little sceptical of whether this would work, and admittedly it helped when I photocopied the action plans. This then meant that a lot of the hard work had been done for the reader.The sites covered in Section 4 are quite exhaustive, but the book makes it clear, only sites considered worth visiting, in the opinion of the author, are listed. Sites are listed under, 'a little bit of everything', 'technical analysis sites', 'Brokerage sites', 'Mutual Funds', 'Futures and Options', 'Exchanges', 'Bonds', 'Forex', 'Options Analysis', 'Gurus and Newsletters', 'Discussion Forums', 'E-Zines'.As one would expect stock traders are given the most space and are catered for best, and one complain.Section 5 is the end-part of the book, and is aimed at further research. 3 chapters cover the issue of using Search Engines properly, Financial Directories and Online Bookstores.There are a plethora of appendices covering tech analysis, fundamental analysis, options and futures. I take issue with some of the bo