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The Financial Spread Betting Handbook by Malcolm Pryor
  • The Financial Spread Betting Handbook

  • A guide to making money trading spread bets

  • by Malcolm Pryor
In stock, usually dispatched within 24 hours

    • Product code: 23307
    • ISBN: 1897597932, ISBN13: 9781897597934, 304 pages, paperback
      Published by Harriman House, 1st edition, 2007
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    Description of The Financial Spread Betting Handbook

    Reach the heights of spread betting success!


    Financial spread betting is growing in popularity. 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: which 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 betters don't even get this far.


    Next, we start the 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: which 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.


    Spread betting is great fun, and 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 and tactical approach is required. This book is the essential guide to get to the top of the mountain.

    Contents of The Financial Spread Betting Handbook

    Preface

    Acknowledgements

    Risk Warning

    Introduction


    PART 1 - BASE CAMP

    Choosing A Spread Betting Firm

    Origins and growth of the market

    Selection criteria

    The 6-Stage Plan for opening an account

    Directory of spread betting firms


    Getting Set Up - Computer Hardware and Software

    Hardware

    Internet connection

    General software

    Backing up

    Postscript


    Trading Resources

    Trading software

    Price data

    Information

    Web sites

    Postscript


    What Do Winning Spread Bettors Bet On?

    Markets

    The 3 key tests

    Differences between the spread betting firms

    Summary

    Postscript


    Choosing a Spread Betting Type

    Types of betting

    1. Extremely short timescale

    2. Short timescale

    3. Medium timescale

    4. Long timescale

    5. Very long timescale

    Differences between the spread betting firms

    Postscript


    Timescales for Spread Bets

    Postscript


    Pricing and Hedging

    Do they really want you to win?

    How spread betting firms work out their prices

    How competitive is the market?

    Do they hedge?

    Future developments a wish list

    Postscript


    10 Common and Really Expensive Spread Betting Errors

    1. No edge

    2. No planning

    3. Wrong bet size

    4. No risk management

    5. Mistiming exits

    6. Out of control

    7. Not in tune with the markets

    8. Running before walking

    9. Emotionally unstable

    10. Not taking responsibility

    Postscript


    Keeping Losses Small - The Stop Loss

    Stop or no stop?

    Near or far?

    Automated or mental?

    Instant or delayed?

    Techniques for placing stops

    One more useful approach - the time stop

    Two tips

    Moving stops

    Postscript


    Spread Betting Order Types

    Are some orders better than others?

    What's on offer in the market?

    Postscript


    Practical Issues

    Order placement

    Automated stop orders

    Dispute resolution

    Funds transfers

    Keep abreast of your margining position

    Postscript

    Congratulations!



    PART 2 - CLIMBING THE MOUNTAIN


    Finding A Strategy That Works For You

    What do you like?

    Technical analysis is excellent for spread betting

    The basic choice: trend or countertrend strategies?

    Or delta neutral strategies

    Master one strategy first

    Postscript


    Spread Betting Strategy I - Betting On A Trend - Trend Identification

    Basic concept - using spread betting to ride a trend

    Breakouts or pullbacks?

    How to identify trends

    Postscript


    Spread Betting Strategy I - Betting On A Trend - Selecting A Bet

    Simplifying trade selection - the weekly shortlist

    Simplifying trade selection - identifying daily set ups

    Taking the trade - entry triggers

    Postscript


    Spread Betting Strategy I - Betting On A Trend - Bet Size

    Taking the trade - the right size of spread bet

    Postscript


    When To Exit A Bet

    1. The bet goes against us

    2. The bet goes nowhere

    3. The reason for the bet disappears

    4. The bet goes our way

    Postscript


    The Re-entry

    Postscript


    Spread Betting Strategy II - Betting On Reversals

    1. Buying support and selling resistance

    2. Betting on candle patterns

    3. Betting on gaps

    4. Betting on divergence

    Postscript


    Spread Betting Strategy III - In and Out Within a Day

    You need the time to do this

    Finding intraday bets

    Betting on opening gaps

    Betting as company results come out

    Betting on false break outs

    Betting on blow offs

    Binary betting

    Postscript


    Advanced Strategies

    Arbitrage

    Pairs trading

    Hedging

    Postscript



    PART 3 - THE ROUTE TO THE SUMMIT


    The Right Strategy For You

    Character

    Account size

    Beliefs

    Attitude to risk

    Postscript


    Staying In Control - Planning

    The successful spread bettor's plans

    A week in the life of a successful spread bettor

    Postscript


    Staying In Control - Record Keeping

    Postscript


    Staying In Control - Regular Reviews

    Monthly review

    Quarterly review

    Postscript


    Staying In Control - Risk Management

    Staying in tune with the markets

    Monitoring positions

    Monitoring and controlling stops

    Margin control

    Managing total exposure and leverage

    Net long/short

    Diversification

    Standing aside

    Counterparty risk

    Exceptional events

    Contingency planning

    Postscript


    Developing a Winning Attitude

    Profile of the successful spread bettor

    10 Rules for Profitable Spread Betting

    Postscript


    Continual Development

    Books

    Courses

    Magazines

    Web sites

    The final postscript…


    Appendix

    Examples of Basic Bets

    Spread Betting Glossary

    ADX

    Support and Resistance

    Betting via Exchanges

    How it works

    Benefits and risks of this type of betting


    Directory Of Spread Betting Firms

    About Malcolm Pryor

    Malcolm Pryor is a member of the Society of Technical Analysts in the UK and has been designated a Certified Financial Technician by the International Federation of Technical Analysts.


    He is a director of a consultancy practice, and is an expert at several games, including bridge where he has held the rank of Grandmaster for over a decade.

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