©Christopher A. Farrell; (P)2000 Penton Overseas, Inc. Published by Penton Overseas, Inc. and Audio Scholar, Inc.
The basic premise of this book is how to trade for the "Teenie", or a fraction of a point in the bid/ask spread. If you are a beginner, you may have no idea what that means, and that's ok... you don't have to.
The good news is that the author does an EXCELLENT job of explaining the workings of the bid/ask spread, the role of the Market Maker/Specialist in making the market work and how a day trader can use many trades a day to "scalp" money at very low risk.
The bad news is that this is an early 2000's era book, from back in the days before decimals replaced the fractions that are used in the book. A "Teenie" in the day the book was written was 6.25 cents... now trading is done in actual cents, and the bid/ask spread is often as low as a penny... meaning it is a whole different ball game. Money can still be made, but not just by following this book's formula.
Also, the author of this book had only been trading as a day trader for only two years when it was written, and that was a time of the great tech bubble.
Pros: Excellent basic information about the stock market and a stellar explanation of the workings of the bid/ask spread. Well narrated, clearly written and easily listen-able.
Cons: The book is designed as a step-by-step how-to guide, which may well have worked when it was published... but now that information is quite dated.
A pretty good explanation of how the market works. Written in an accessible way that's pretty entertaining for the subject matter.
Discussion of the market specialist.
Verbal inflection that makes the experience more like listening to an enthusiastic friend.
the secrets behind the market.
This book is not a 'How to' even though the first few paragraphs suggest that it is. Readers will learn about how the market works and the general scope of trading but little is revealed regarding the mechanics of making good trades. Recommended.
reading the previous very helpful review i knew what i was expecting.
info of this book is a little dated but it is a good book and i actually learnt something from it
For a someone who is begining, this book will really introduce you to the basics. The narrator is great, and the context is easy to understand. This is a must listen!
If you only want to scalp and make .25% per trade this book is for you.
The author focuses exclusively on the bid/ask spread and the market makers who control the price. Most day traders need not know anything about the spread.He neglects discussing the many other strategies such as Gap and Go, gaming charts and so on.
All around great starter book. I really enjoyed the system he explained in the book.
My only complain about this book is that it had no online resources referenced in the book. The reader/listener is left to search for resources/tools on their own.
"easybell co uk trade for cash"
loved this book helped me with easybell co uk trade better faster and loved the storys
"Great book to get started in online trading"
Christopher A. Farrell is one of the best and brightest in the currency field. His new audiobook is definitely a must for all new traders. Narrated by Jeff Woodman in a way that is easy to understand and with lots of examples. Great book to get started in online trading.
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