Product Description

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.

Product Details

• Amazon Sales Rank: #1928 in Books
• Published on: 2007-06-29
• Original language: English
• Number of items: 1
• Binding: Paperback
• 295 pages

Robbie Burns, The Naked Trader
so many excellent tips in the book...a must for anyone who wants
to spreadbet...some excellent advanced stategies too.

Martin Fagan - UK-Analyst.com, September 2007
[It's] something you'll frequently dip into to clarify a point or refresh your memory...you'll find this book extremely useful.

About the Author
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.

Customer Reviews

Excellent
I know for a fact that many people have actually bought this book and are using the methods contained therein because of the questions that they are asking about certain technical indicators etc on bulletin boards. You know who you are!
Having read this book, I'm not surprised because it is truly inspirational so I'm somewhat chuffed at being able to write the first review (while all you other chaps are busy trading no doubt).
If you are looking for a structured, systematic approach to your trading then this is the book for you. I read it from cover to cover in 2 days and I've been re-reading it as a reference work ever since. The author makes no grand claims (like others I could mention), it is a modest, unpatronising fund of an immense amount of accumulated wisdom. The central image of the book - the idea of climbing a mountain and what you need at each stage- works very well and I was slightly ashamed to realise on reading this book that I hadn't even adequately covered base camp! Needless to say that I quickly remedied this.
Any cons? Not many that I can see ...perhaps a little too FTSE and Sharescope-centric but again the author is describing what works for him and it's good to walk before you can run.I think there's a slight mathematical typo on p.259 and it should read £4 for every £10 invested or £40 for every £100 but this is nit-picking (and my sums may be wrong).
Other than that, I can't really fault this book and I wouldn't wish to...I've learned a lot reading it. Warmly recommended.

A MUST HAVE FOR ALL SPREADBETTERS
I bought this book a few months ago when I started spreadbetting. It has been an invaluable resource and I am always referring to it. Every page has valuable information and I keep on re-reading certain parts. It teaches the fact that spread betting is not a game and you have to have a systematic approach otherwise you'll lose money. You may still gain from studying technical analysis in more detail though this is also covered somewhat in the book.Highly recommended.

A definite one for your trading bookshelf!
I liked this book and it followed on nicely from The Beginner's Guide to Financial Spread Betting by Michelle Baltazar.

It covers the important areas of Psychology, Methodology and probably most importantly Risk Management. I was expecting more on the Technical Analysis side but this clearly seems to be a big topic in itself which is evident by Malcolms reference to recommended books for further reading.

If you are serious about trading you should read this book.