Courses Infomation

Diary of an Internet Trader by Alpesh Patel

Stock trading course: Learn about Stock trading

A stock trader or equity trader or share trader is a person or company involved in trading equity securities.
Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker.
Such equity trading in large publicly traded companies may be through a stock exchange.
Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets.

Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf.
Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade.

Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company’s shares on their own behalf and also on behalf of other clients.

Size: 2.2 MB

The number of online trading accounts in Europe alone is expected to grow from 4.4 million at the end of 2000 to a staggering 16.8 million by the end of the 2003. Until recently the world of online trading was ruled by professional men over the age of 30. Today the picture is quite different, with online trading being taken up by homemakers, retirees and teenagers of both sexes, as well as the professional vanguard. Internet trading has hit the mainstream and it’s time to take advantage. Diary of an Internet Trader evolves the hugely successful column published in the Financial Times, now fully updated and supplemented. A wealth of new websites, screen shots, and additional reference materials have been incorporated, and are packaged within a highly accessible question and answer format. As well as following the clear but opinionated style that makes the columns essential reading, it provides the most thoughtful insights into Internet trading from the authority on the subject, giving you a glimpse into the life of a successful private investor and the strategies to replicate his phenomenal achievement.

“Online Trading is a battlefield. and Alpesh Patel has the battle scars to prove it. Let this veteran trading warrior show you how to survive and thrive with his latest Internet guide.” Thom Calandra, Editor-in-chief, CBS MarketWatch

About the Author

Described by Channel 4 as the UK’s best known internet trader, Alpesh started programming computers in BASIC at the age of 10 and buying stocks 18 years ago at the age of 12. He left a legal career to trade full time. Today he concentraes on US stocks as well as futures and options trading, making extensive use of the internet for research since he was a Congressional Intern in 1994 and combining this with his own technical analysis systems. On Channel 4’s latest Show Me The Money series he came number 1 of 45 expert stock pickers. Alpesh writes the ‘Diary of an Internet Trader’ for the weekend Financial Times and appears weekly on Bloomberg TV on Bloomberg Money. In 2001 he completed his own TV interview show series, ‘NewsBytes’. Alpesh is the author of Net Trading, Trading Online, The Mind of a Trader and Pocket Guide to Trading Online, all published by Financial Times Prentice Hall. His books have been translated into Spanish, German, French, Chinese, and Polish. Alpesh regularly speaks on online trading, trading psychology and technical analysis around the world.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Diary of an Internet Trader by Alpesh Patel

About Author

Alpesh Patel

Alpesh Patel is an FCA-authorised investment manager and launched his FCA regulated Asset Management company, Praefinium Partners, as founding CEO in 2005. The company manages hundreds of millions of dollars in global investments on behalf of institutional investors such as pension funds.

Alpesh is also retained by UK Trade and Investment as part of an expert, senior team of Dealmakers. In this role he sources and introduces early stage technology, IP and entrepreneurial talent from India, China and SE Asia for UK incorporation. He secures financing and structured investment agreement with major venture capital, private equity and angel investment groups to evolve and transform start-up businesses to multi-million-pound entities.