Summary of David Borman's Day Trading 101

Please note: This is a companion version & not the original book. Book Preview:

#1 The trading, day trading, and investing of financial products are terms that are used to describe the buying and selling of electronic financial products. Day traders and traders use computers to buy and sell in the financial markets.

#2 The markets are the group of financial trading people, products, and platforms. The market is the loose association of professional and personal traders and investors who carry out both short-term and long-term trades and investments in financial products such as stocks, foreign moneys, and commodities such as gold and oil.

#3 Market makers are traders who make money by buying and selling all available stock. They are the first to buy and sell all orders coming through the exchange floor, and they earn a commission on each trade.

#4 The world’s marketplaces help buyers and sellers determine the current price of what’s being traded. The prices are updated constantly, allowing traders to see what a trade is worth moment to moment. The difference between the buy and sell prices, called the bid/ask spread, is pocketed by the dealers and floor brokers as their profit for the service of being market makers.

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