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The Complete Idiot's Guide to Active Trading by Ken Little

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Chapter 7
What Active Traders
In This Chapter
• Active traders not limited to stocks
• Securities must meet certain requirements
• Options and futures: important tools for traders
• Currency trading as the last frontier
The outsider perception of active traders, particularly those labeled day traders, is that they play the stock market. That is partly true—stocks are the security of choice for many active traders. However, depending on the traders’ expertise, experience, and interests, they may specialize in trading many different types of securities to fit market conditions and opportunities. The different types of securities have unique characteristics that create opportunities and impose limits on the active trader.
Active traders also trade ...

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