Description:
Day trading is not for the weak of heart; it's also not for those reluctant to embrace technology as a means of turning a profit, especially when one considers the competition: institutional investors armed with a wealth of bodies, brains, and expensive computer systems. Editor Mark Jurik's Computerized Trading preps budding day traders to compete with such Goliaths, providing comprehensive resources for investing and trading in an increasingly sophisticated market. Jurik enlists the help of 20 experts--a mix of veteran traders, consultants, and investment gurus who author individual chapters. His textbook-style primer starts with the basic trading skills needed to design trading strategies and continues with testing and evaluation methods, including an interesting chapter on the psychology of trading. The guide then progresses into more complex indicators, such as nonlinear pricing and reflexivity, as well as market models using data-mining technology. Each chapter includes an introduction and summary, along with scores of graphs, charts, checklists, and case studies. The guide certainly proves the complexity and potential risks of day trading. Fortunately, it also contributes enough well-rounded information to guide day traders toward profitability. --Rob McDonald
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