If you are interested in Nicolas Darvas and/or the methods he used to make two million dollars in the Stock Market, then you should definitely read How I Made $2,000,000 in the Stock Market
. It is a first hand account of how Nicolas Darvas made $2,000,000 dollars in the stock market in the space of about 2 years.
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The NASDAQ stock exchange is popularly known as the exchange where the high tech stocks of the dot-com boom are traded. The Exchange gets its name from formerly being an acronym for National Association of Securities Dealers Automated Quotations and when founded in 1971 was the worlds first electronic stock market - and continues to be the largest electronic exchange in the USA.
NASDAQ is able to boast about 3,300 listed companies and, on average, more trades per day than any other USA market. The companies that are listed on the NASDAQ represent a wide range of industries including retail, communications, technology and financial services.
The primary index on the NASDAQ stock exchange is the NASDAQ-100 Index which represent the 100 largest non-financial companies listed on the exchange by market capalization.
Market hours on the NASDAQ are 9.30am to 4.00pm (EST), Monday to Friday.
Moving Averages are considered to be one of the oldest and most useful technical indicators available. It is basically a representation of a financial instruments price over a given time.
One of the great things about the Moving Average is that it is entirely objective - there is no arguing which direction it is going and is not open to debate in the same way as some other technical indicators. Another attractive feature of the Moving Average is its simplicity to use and interpret it.
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Jack Schwager is certainly well known in trading circles. He is the managing director and principal of The Fortune Group - an asset management firm that is regulated in the UK and USA - where he is also the principal investment manager of the Market Wizard Funds.
However, what Jack Schwager is probably most well known for is his work as an author on a series of books about trading and financial markets. This is an area where he has brought together his 30+ years of experience in the field of financial investing.
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There are generally considered to be two fundamentaly different schools of trading technique. They are Technical Analysis and Fundamental Analysis. This article is a brief overview of each of these Trading Techniques.
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The Forex (Foreign Exchange) is the worlds largest financial market turning over more than $1.5 trillion a day. It is unique in that it has no physical location. Instead of traders buying and selling in a formal marketplace, it takes place through an electronic network of banks. These banks operate around the world and therefore around the clock. The Forex is open from when the bankers arrive at work on Monday morning in New Zealand until they finish work at 5pm in the West Coast of the USA. However the greatest trading volume generally occurs during the European and USA working day.
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Nicolas Darvas was a world famous American dancer back in the mid 1900’s. After making a profit in some stock of a Canadian mining firm (which he bought from the proprietors of a Canadian dance venue), Darvas was hooked on chasing a quick buck in the Stock Market.
Like many before him, Darvas was convinced that having made an initial profit, he was some kind of natural born stock market speculator. However (again like many before him) Darvas took loss after loss on the Canadian stock market after buying in and out of the market on the advice of brokers and newsletters.
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Van Tharp is a trained psychologist and especially known for coaching professional traders. He is also a sought after speaker and has developed courses and seminars for everyone from large banks to individual private traders.
As well as this, Van Tharp is a respected author on the subject of Trading and the Psychology of Trading. You can find a comprehensive list of his published works at Amazon.com
.
He also hosts an informative website at the Van Tharp Institute. You can find information here on Van Tharp’s philosophies and methodologies to achieving financial freedom.
Where to buy Dr Van K Tharp books
If you are keen to buy Dr Van K Tharp books, I would recommend the following websites for getting a better deal than buying at a shop:
- Dr Van K Tharp @ Ebay - You can often find a good deal on used items here, and I often pick up useful books for low prices.
- Dr Van K Tharp @ Amazon - Amazon.com allways has these books in stock and can deliver it quickly.
The DJIA (Dow Jones Industrial Average) is a stock market index which tracks 30 stocks on the NYSE and serves as an indicator as to how the price of stocks are performing on the stock market in general.
The 30 stocks are typically picked based upon such factors as excellent reputation, sustained growth, being of interest to a large number of investors and representing the sectors covered by the average. At the time of writing (September 2005) some of the stocks represented in the DJIA are International Business Machines Corp. (IBM), Walt Disney Co. (DIS), Microsoft Corp. (MSFT) and General Motors Corporation (GM). A full list can be found at Yahoo! Finance.
The DJIA was originally Calculated by simply adding the price of the stocks and then dividing by then number of stocks (30). However, for some time it is calculated by applying an adjuster to the divisor. This current divisor value is 0.12560864.
If you want to find out more about the DJIA then try visiting Dow Jones Indexes.
The New York Stock Exchange (NYSE) was first formed back in 1792 when a group of 24 New York City stockbrokers signed the Buttenwood Agreement (because it was signed under a buttonwood tree) outside number 68 Wall Street.
Despite these humble beginnings, the NYSE has grown to be the largest stock exchange in the world. An average day sees 1.46 billion shares at a value of $46.1 billion traded on the NYSE. It is home to about 2,800 listed companies carrying an estimated market capitalization of $20 trillion.
Although trading on the NYSE is carried out face to face, the NYSE claims to be world’s largest and most technologically advanced equities market
. All orders are delivered electronically with about 10% being carried out automatically.
The NYSE is also home to the Dow Jones Industrial Average (DJIA) - a stock market index of 30 of the largest and most widely held public companies in the USA.
Market hours on the NYSE are currently 9.30am to 4.00pm (EST), Monday to Friday.