Review of The Equity Trader Course (Wiley Trading) (Hardcover)

Seat-of-the-pants trading is history.Data from Neonet, an agency broker, show that over 28 percent of trades in U.S. stock markets are the result of automated trading strategies.The Boston-based Tabb Group forecasts 34 percent annual growth in global money managers' use of trading algorithms.

So, in an industry increasingly governed by computerization, algorithmic trading, and fully electronic markets, an appreciation of the theory and operations of equity trading is critically important.A new book from Bruce Weber, Professor of Information Management at London Business School, along with Professor Robert A. Schwartz of Baruch College in New York, and Reto Francioni, CEO of Deutsche Börse, offers a comprehensive course in equity trading for professional and serious independent traders.

The world's equity trading markets are large, complicated, and constantly evolving.In this new book, The Equity Trader Course, Professor Weber and his co-authors manage to give a comprehensive overview of the final, critical step in turning market ideas into realized profits.Even in the richest and deepest markets in the world, liquidity is costly, and hidden trading costs can erode profits.Salient advice in the book covers how to place orders optimally, how to react to volatility, and ways to avoid moving the market when buying or selling.

The book includes insights into trading, liquidity pools, and markets, and tools to apply when using auctions, submitting limit orders, and measuring trader performance.The role of technical analysis and the advantages of algorithmic trading are covered. Each chapter of the book teaches both novice and experienced traders how to be adaptive and successful in their purchasing and selling decisions.The Equity Trader Course comes with a companion CD containing the TraderEx simulation, which walks readers through the dynamics of various market structures, and the mechanics of trading - from entering orders to monitoring the market, and profitably exiting a position.

Created 1 June 2006

Product Description
Get a comprehensive course in equity trading with this book and CD-ROM combination. Providing in-depth insight and practical knowledge, the authors walk you through the dynamics of this market and the mechanics of trading -- from entering a trade to following the market and profitably exiting a position. The companion TraderEx CD-ROM features a computer-driven trade simulator that offers hands-on experience in making tactical trading decisions in different market situations. Each chapter of the book works in combination with the simulation software so both novice and experienced traders learn to be versatile and successful in their purchasing and selling decisions.

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