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Book: The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach :: Book
Date: Thursday, 08 January, 2009 :: 19:52
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The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach
List Price: USD $15.99
from USD $15.59
Product Group: book
Manufacturer: BookSurge Publishing
Release Date: 2008-04-28
Studio: BookSurge Publishing
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Editorial Review: Product Description
Learn the Art of Day Trading With a Practical Hands-On Approach Do you want to be a day trader? Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading. But here's the question: is day trading right for you? And, if it is, how do you get started? In his new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading success. From the basic essentials of trading to the actual process of making money in the markets, he'll cover it all. - What You Need To Get Started: The Tools, The Methods, The Mindset
- Finding the Best Market to Trade: Futures, Forex, Stocks, or Options
- A 7-Step Approach to Developing Your Own Profitable Trading Strategy
- The 10 Power Principles of Successful Trading Strategies
- Avoiding The 7 Common Mistakes of Traders
- Get Started Without Risking A Single Penny
- Ready-To-Use Trading Plan Templates, Checklists, Resource Directories, & More
Loaded with easy-to-use information, proven and reliable strategies and guidelines, and a practical hands-on approach to the industry, The Complete Guide to Day Trading is your own personal manual to success in the markets.
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Reviews:
Average Customer Review: 
1 of 2 people found the following review helpful:
Summary: Average
Date: 2008-11-09 - 
Comment: It's very basic information. Wasn't all that helpful. Although at the end are several links that are decent reads.
0 of 1 people found the following review helpful:
Summary: This book lives up to it title
Date: 2008-10-30 - 
Comment: This book really is a complete guide to day trading.If you are searching here on Amazon for a book to get you started in day trading this is the one. It covers all the basics you need to know in the areas of risk management, stop losses, setting goals to take profits, staying disciplined, only taking high probability trades, and keeping it simple. It will show you how to organize your thoughts on your profit goals, what the best market is for you to trade, how much of a loss you can stand to take, and if your personality is suited for day trading. I really wish this book was the first of the 80 stock trading books I had read, it would have been a short cut and saved me an incredible amount of time in learning through real money trades and experimentation. The book shows the value of setting up a simple trading strategy and back-testing it, then paper trading, before putting real money at risk. It shows the importance of making your profit goal 50% greater than your stop loss so a 50-60% winning ratio will make you profitable. It also shows the importance of logging your statistics for wins vs. losses and dollar amounts to establish if your strategy works in real world trading. I have day traded a large amount of capital and learned in the markets the hard way what this book teaches. I have also found how to win in day trading and the principles that have enabled me to win thousands in the market are the same as the ones contained in this book. My review is just the a small sampling of this books material. If you are a beginning day trader this is the book for you. If you are just breaking even or losing right now, this book can make you a consistent winner. Experienced and seasoned traders may not find much value in this book, but it is not written for you. It is a 5 star book for beginners and new students of day trading for profits.
4 of 5 people found the following review helpful:
Summary: Completely useless, complicated, unorganized.
Date: 2008-10-11 - 
Comment: I found this book completely useless, author repeated same topics again and again. Topics are scattered, not organized. It seemed to me that author copy and paste from many different books. Even beginner's will find it difficult to understand. Don't waste your money.
3 of 4 people found the following review helpful:
Summary: Lacks depth and substance..Keep looking
Date: 2008-09-30 -
Comment: The book can be useful for an absolute beginner but it lacks the depth and substance in a lot of areas. Another warning sign is that that the book is published by writer himself, maybe that explains the underlying reason for it.
11 of 12 people found the following review helpful:
Summary: Regurgitated and repackaged information for the beginners
Date: 2008-09-08 -
Comment: I have had high hopes for this book based on good reviews. I admit, I slacked off and didn't check the reviewers as I normally do. For me this book was a disappointment - regurgitated and repackaged information for the beginners that you can find free on the internet.
Markus Heitkoetter of Rockwell Trading sells day trading seminars that are priced in middle four-digits. You always have to do your due diligence, whether it is a $15 book or a four-digit seminar. Otherwise you risk to buy an inferior product. In case of trading, always do research online in depth or ask the vendor to provide the track record. If any teacher cannot provide a successful track record in their field - run. Buyers beware!!!
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