Mastering Direct Access Fundamentals: Understanding Market Information and Learning the Key Skills to Become a Successful Electronic Trader (The Direct Access Trader)

Mastering Direct Access Fundamentals walks the reader through the terms, resources, and skills required to excel as an E-DAT trader. Covering the basics simply--yet with sufficient detail to eliminate confusion--it explains how to use the keyboard; techniques to understand and interpret the colors, number, blips, and symbols flashing across the screen; strategies to analyze a position at the end of the trading day, and more. A key addition to The Direct Access Trader Series, it is the essential resource for becoming an E-DAT success story. Electronic direct access trading (E-DAT) lets independent traders join seasoned professionals in the fast-action, high-profit world of instant access trading. But before you enter that world, you must master a dynamically different set of fundamental skills and become comfortable with the streaming numbers, colors, and symbols of the Nasdaq level II screen. A guide to the terms, resources and skills needed to be an electronic direct access (E-DAT) trader. It covers the basics, explaining the keyboard, techniques to understand and interpret the colours, numbers, blips and symbols on screen and strategies to analyze a position at the end of the day. This book will discuss trading expectations, developing a trading strategy, basic analysis, interpreting real-time news and indicators, and trading for a living.