| View Larger Image | How The Stock Market Works | Hardcoverby John M. Dalton (Author)
| List Price: | $32.00 | |
| | Binding: | Hardcover | | Publisher: | Prentice Hall Press | | Edition: | 3 Subrd Edition | | Page Count: | 320 Pages | | Publication Date: | January 01, 2001 | | Sales Rank: | 545,352th |
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EDITORIAL REVIEWS | Product Description For the beginning financial professional and the sophisticated investor, here is a thoroughly updated edition of the classic guide to the inner workings of the stock market. John M. (Jack) Dalton, formerly with the American Stock Exchange, explains the workings of the securities industry, including the initial public offering, types of stocks, who’s who inside the brokerage firm, back-office operations, and investment analysis. This updated edition includes new chapters that cover ongoing changes at the NYSE, the AMEX, and Nasdaq, online trading and the globalization of the stock market. The book is also thoroughly updated to reflect changes that have taken place on Wall Street and in the way securities transactions are conducted since the publication of the second edition in 1993. In addition, a comprehensive glossary that defines more than 600 financial terms—from “Advance-decline theory” and “Arbitrage” to “market-and-limit order” and “Zero plus tick”—enhances the relevance and accessibility of this book. |
CUSTOMER REVIEWS (Average Customer Rating: 3.0 based on 10 reviews)
| Dangerously Inaccurate 1 Stars June 19, 2002 Prentice-Hall is notorious for sloppy textbooks, and this book is in the company tradition. The text was not edited, proofread, or fact-checked. The glossary entry for wash sales is egregious, but almost any page provides examples. All information in this book is therefore suspect.
| | Good introduction to the mechanics of the market by hyperbolium (Earth, USA) 3 Stars May 08, 2000 Rather than providing any sort of investment advice, this book explains the actual workings of the stock market. How a trade flows from a customer, through a broker, to the floor, and on to the various settlement engines. It's good background for anyone who invests in the market, and especially useful to anyone who works in (or with) the financial IT industry.As other reviewers have noted, the poor copy-editing is embarassing. But even with all the typos, the information presented is very useful.
| | A fairly good over view for me 3 Stars October 18, 1999 I am just beginning to learn about the stock market, and all the other dimensions that go along with it. I found this book quite informative, I have read it two times now. I use this as a text book to study from. I am also reading other books on the subject to make sure the information I learn is correct.
| | Good general overview for beginners 4 Stars August 23, 1999 As a beginner, I found the book to give a good overview of the stock market functionning. It is quite thorough and explains all the fundamental mechanisms. I would also recommend 'What you need to know before you invest' from Rod Davis
| | Another money maker! . . . just not yours. 5 Stars June 11, 1999 Very few people will really tell you how the stock market actually works. If they did, it wouldn't. After you read the basics about placing orders and some technical indicators and patterns they hope you'll jump right in and lose your money. Do yourself a favor, study the market from a social history/military/control mechanism point of view by utilizing free library books. By the time you get it, you'll have saved more start-up capital and you won't go broke. Or, find somebody that will tell you the real deal -- and when you do, listen! Be prepared for a real shock, and then a huge sigh of relief!
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