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The Financial Spread Betting Handbook (Paperback, 3rd Revised edition)
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The Financial Spread Betting Handbook (Paperback, 3rd Revised edition)
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FULLY REVISED AND UPDATED THIRD EDITIONFinancial spread betting is
a huge industry. But who wins and who loses at this game? What do
the winners do that differs from the losers? That is what this book
is about.Malcolm Pryor uses the model of climbing a mountain to
explain a disciplined, winning approach to spread betting. First a
base camp must be established. This includes getting set up with
the right corporate data, charting and accounts software, deciding
what to bet on and what your time frame should be, learning the
nuances of operating an account, controlling risk, and learning
from other people's mistakes. Many spread bettors don't even get
this far.Next, we start climbing the mountain; this means having
strategies that are right for us. The whole of this section is
devoted to illustrating strategies which can be used for spread
betting, for example trend following, counter-trend strategies and
delta-neutral strategies such as pairs trading.Finally, we make our
assault on the summit of the mountain. This is where the winners
set themselves apart from the losers. Issues covered here include
trade planning, record keeping, performance reviews, more on risk
management, psychology and continual development.In this enhanced
third edition, you also benefit from:- Refreshed and improved
trading and risk management techniques, incorporating four
additional years of spread betting experience and changes in the
markets.- Brand new advice on managing exposure.- Updated analysis
of spread betting firms' behaviour, order types and other practical
issues.Spread betting is great fun; almost anyone can enjoy the odd
bet now and again. But if you want to make money from spread
betting then it must be taken seriously and a disciplined, tactical
approach is required. This book is the essential guide to get to
the top of the mountain.
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