The Complete Guide to Day Trading,Heitkotter Paperback – 1 Oct. 2012

This is a detailed book on Day Trading. Having read about more than 300 books on Investment, this book ranks on of the well -written, objective writing. The author moved from Germany to USA. Having experienced similar challenges that many new-comers in the block (new neighbourhood, new country), he concentrated on making living by becoming a professional trader.We agree what he states; that to be a trader, probably the most effective method to accumulate wealth. Age, gender, race, religion, education, none of these bars that discriminates large segment of society one way or another do not apply to this job, a professional trader. Of course, to be a successful trader, you need to treat as a profession; work as hard as you can, learn, practice and improve. 270 pages of great lessons and information on day trading. There are 4 markets to do day trade, Equities, Forex, Futures, Options. This book covers all of these markets. Why day trade? Because for general population who have limited capital, it is the safest way to control risk; you do not wake up next morning to find your investment vehicle is crushed and devalued. You finish your trading each day and sleep in peace.The book gives you fundamental knowledge, and few basic strategies upon which you can expand. If there were anything to comment negatively, is that the author uses 'bar' charts instead of 'candlestick' charts. The former does not convey the wealth of information like the latter. This book is both introductory, and review for intermediate for retail traders. Great textbook to study financial market.

Very nice book, every page and sentence worth reading

El título es un reclamo engañoso, ya que el texto desorienta mas que orienta, puesto que resulta de un "corta y pega" de tópicos comunes que cualquier indocumentado en la materia, por sus propios medios, puede conocer igual o mejor.La publicación está firmada por un autor que no exhibe ningún titulo académico de prestigio, pero dado a la práctica por la práctica y que, además, se permite competir (¿deslealmente?) con el propio libro que vende AMAZON, ofreciéndolo de forma gratuita en su página web ([...])

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.

I've been studying day-trading for about a year but still found this book to be a good read. It doesn't get too heavy into trading strategies or a lot of market internals but it does give you a good place to start if you're new. It discusses some essential things like having the right mindset about trading (which is one of the most important things). There are two things that the author states that I disagree with and they are:1. You need multiple strategies for when the markets are going up, down, or sideways.2. You should be trading different markets.I don't know about you, but I would rather find ONE good strategy that works most of the time (nothing works 100% of the time). I don't want to have to worry about trying to change my strategy every day, I would have have my strategy be flexible enough to adjust to the market.I also don't want to have to switch between markets to try to make money, this seems counter productive. Why try to be a master of all markets when you can follow one market closely and learn how it moves and behaves.Other than these 2 things, I think this book is a good place to start.I would recommend it to those looking to get into day-trading.

Basically, I bought this day trading guide book because I wanted to educate myself about day trading and make a move into day trading as a sideline to my regular job and see what happens from there. I keep hearing on tv talk shows about finance and reading articles in finance magazines and online that the time to make money in the stock market is now. Based on what I read Markus Heitkoetter's *About the Author* section on his book's feature page, I felt he was an honest and forthright person which was crucial to me. Why? If you look around at other books on day trading, you'll see what I mean. Markus began with nothing, but he had a strong entrepreneurial spirit. He was eager to learn the market when he first started, which I thought paralleled my situation. Also very important, he learned from his mistakes and achieved his goals. I like that he's a family man and not some lone wolf type of guy sitting behind a computer screen, making high risk trades. Why again? I wanted to learn day trading from someone who wouldn't risk his family's financial situation.*The Complete Guide to Day Trading* is very practical and thorough. Markus makes many important points. One that I need to really grasp is that you have to be willing to accept losses. I know I need to accept them, learn from them and keep toward my goals.