O'Reilly logo

Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition by Louise Bedford

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 11: Speed counts. Should you get online?

In this chapter, you will learn that:

• To execute your trading orders, you will need to use the services of a broker of some description. In general terms, brokers fall into three categories — full-service brokers, limited-service brokers and discount brokers (which includes online brokers).

• Before jumping into the online environment, be aware of the drawbacks. Online traders often overtrade, are overconfident and earn less money than traders using a human broker.

There is an old Wall Street adage that advises, ‘Don’t confuse brains with a bull market.’ During a bull run, people tend to think that they have found the combination to the bank vault. Many traders reach the conclusion that it ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required