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Fundamentals of Investing Plus MyFinanceLab Student Accesskit and OTIS Student Access Kit Package (11th Edition), by Lawrence J. Gitman, M
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Book by Gitman, Lawrence J., Joehnk, Michael D., Smart, Scott J.
- Sales Rank: #4765623 in Books
- Brand: Brand: Prentice Hall
- Published on: 2010-03-07
- Original language: English
- Number of items: 1
- Dimensions: 10.20" h x 1.40" w x 8.20" l, .0 pounds
- Binding: Hardcover
- Used Book in Good Condition
Most helpful customer reviews
4 of 5 people found the following review helpful.
Text book is good; Otis Access is not good
By Mynameisthis
The text book provides a great deal of important information regarding the financial world and introduces you to trading various financial products. It is by no means a how-to book on trading but it does give you a look into fundamentals that anyone looking to build a portfolio should learn.
As for the "Otis Access", I see no benefit to buying a so-called, "trading simulator" if you can't actually simulate actual trading. The only thing this product does is allow you to place trades within real-world data. But there's a difference between "real-world data trading" and "real-time trading". With "real-world data trading" there is a time delay from when you place the order and when it is actually executed in the market. This is useless. You will never have any idea whether your trade will actually be successful in a real-time environment. So, for example, you place a Futures trade and yet the program doesn't place your order until the end of the day, what possible use could this be to you? None. No use at all.
However, with "real-time trading", you see the market data in real-time mode and are actually able to place a simulated trade in real-time as well. This way, you can work on developing a trading strategy and implement your techniques in order to actually be able to someday trade using real money. The Otis simulator will never help you do anything beyond making blind paper trades.
There are other platforms out there that are inexpensive or, even free, that will help you develop a trading strategy using real-time data and order execution. Sadly, Otis is not even close to being it.
There isn't even any product support for this bloated, worthless nonsense.
Save your money and stay far away from the Otis Access part of this package.
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