The Financial Spread Betting Handbook: A Guide to Making Money Trading Spread Bets Paperback – 29 Jun 2007
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[It's] something you'll frequently dip into to clarify a point or refresh your memory...you'll find this book extremely useful. -- Martin Fagan - UK-Analyst.com, September 2007
so many excellent tips in the book...a must for anyone who wants
to spreadbet...some excellent advanced stategies too. -- Robbie Burns, The Naked Trader
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.
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Top Customer Reviews
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.
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.
The book is an honest attemmpt to teach people how to become profitable at spreadbetting from someone who already is. It is laid out in a logical format and is very readable.
If you spreadbet you really need to read this book!
The book uses the analogy of climbing a mountain and starts from Base Camp ie. knowing nothing to reaching the Peak of the montain and knowing alot, in fact knowing enough to become a competent trader.
The book is full of helpful tips and each chapter has a concise summary of the points made. The chapter entitled "Common and Really Expnsive Spread Betting Errors" is a real gem and worth the price of the book itself. I have personally gained much from reading this book and I am sure that others whether novice or experienced traders will also be impressed with its clarity and comprehensive coverage of the subject of Spread Betting.
The volatility idea's were very good also.
My only gripe is the author's over-reliance on the ADX indicator. One example of BP. was downright dangerous, entering into a long, when most other indicators were showing bearish divergences!
Technically weak, but then it's not what this book is about...
Some might think Malcolm is a little patronising or just pointing out the plain obvious at times, personally I just think he's thorough. 100% recommended! ...
UPDATE - October 2010
After just over 2 years of learning to trade, I thought I would come back to this review, and update it. I have studied a whole bunch of trading books and trading methods in the last 2 years, and after much frustration I am finally starting to make headway with my trading. Quite simply I have found all I need to do is trade price action at key market levels. Google James 16 for further info. I am not connected to J16 btw.
My original review really reflects my naivety at the time! Ok, the book is a reasonable start, but I suggest you do far more research and demo trading before risking your hard earned cash purely on Malcolms limited strategies.
Most Recent Customer Reviews
This is a wonderful guide for someone approaching the subject for the first time or someone who has dabbled in the past without success. Read morePublished 2 months ago by Ian Bone
Very good read but I think the charts were too small to fully understand.Published 4 months ago by Christopher S Carey
Whoever thinking to start Financial spread betting, needs to read this one. There is little difference from the new version. Underlying principle for spread betting is unchanged. Read morePublished 5 months ago by Adlerinternational
Great book in great condition, the book is ideal for people who have some experience of spread betting, I already have a strategy that I use but I will definitively tinker with my... Read morePublished 5 months ago by m a richardson
Good intro into financial spread betting based on real world scenarios.Published 10 months ago by Jozef Kosik
very fast delivery and came as I was expecting. Happy purchase!Published 11 months ago by bishal singh rai
not great,mdidnt really tell me much i didnt find out by searching spread betting online myselfPublished 13 months ago by michael
It goes through the basics that every trader/spreadbetter should know. Some parts are slow to read, but remember, this is your financial future and it's... Read more