Gone are the days when market traders and specialists had the advantage of profiting from the ignorant public. With today’s technology, you have the same opportunities as the professionals at your fingertips. The difference, of course, is knowledge and experience, both of which are within your grasp. High-speed access to information, providing real-time quotes and instant online trading has sprung day trading into a new profession of its own. People are realizing that they too can master the concept of day trading and compete professionally in a level-playing field.

Today the only obstacle in the path of a rookie is experience and that can be obtained only through time and practice. Even though nothing can compete with the reality of experience, a good education could help prepare you and that’s the purpose of this book. The fact is there are many possible gains from the market, but there are also just as many losses. The tips in this book are designed to help you avoid the same mistakes that others have made when they started out. Bear in mind that these tips will not guarantee you a winning trade every time, but by following our advice, you will keep your losses to a minimum.

This book begins with a basic overview of the stock market and gradually migrates toward the intermediate level of specific tips and profitable strategies for survival in the industry. Most of the informative advice, issues, and content focuses on the interests of the online day trader. A glossary of stock market terms are dedicated to its own section in the back as a reference to beginners just starting out and for basic traders who wish to graduate to the intermediate level. For further reference, a list is included for the Standard & Poor’s 100 Index and the NASDAQ 100 Stock Index.