Looking to buy a book on Financial Spread betting, surprised how few books there are on the subject. Does anyone know a good book they can recommend on spread betting ? Got "How to Win at Financial Spread Betting" and was not impressed. Has anyone read "Introduction to Financial Spread Betting" by Jon Eagle , its got good reviews on Amazon.
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there are only a few books around on spreadbetting specifically because sbreadbetting is just an instrument you can use to trade in the financial markets. Once you grasp the basic mechanics, theres not really anything else to learn about the subject.
However, if you want to learn about trading techniques/ psychology, TA etc then stick to the well known faves like the market wizards series, murphys TA of financial markets, elder, van tharp etc. They all get generally good reviews. Check them out at global investor. There is a link on t2w home page- book store.
However, if you want to learn about trading techniques/ psychology, TA etc then stick to the well known faves like the market wizards series, murphys TA of financial markets, elder, van tharp etc. They all get generally good reviews. Check them out at global investor. There is a link on t2w home page- book store.
Trader_Dave
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paradox said:i ordered it (Introduction to Financial Spread Betting) from Amazon a couple of days ago, will take a month to arrive (as out of stock) but will let you know what i think once i've read it.
Paradox... have you read it yet? A review would be useful.
Trader_Dave said:Paradox... have you read it yet? A review would be useful.
Yes i've read it, took about 30mins, in short don't bother it conatins nothing that i didn't already know from surfing the web for a while. It's not worth the cover price and is aimed at a complete novice/idiot.
Deskpro
Save your money. The author used to be on Bloomberg and I was not impressed with his performance.
If it was a good book why are people selling it?
Table of Contents
Contents include- * a comparison between financial spread betting and conventional betting * the structure of financial spread betting * types of financial spread bets * how to instruct your dealer * the types of data required to make an informed decision * how to read the signals effectively * golden rules for successful financial spread betting * market information and useful addresses.
Looks like a "how to" spreadbet and not how to make money, where's the money management and entry/exit signals
Save your money. The author used to be on Bloomberg and I was not impressed with his performance.
If it was a good book why are people selling it?
Table of Contents
Contents include- * a comparison between financial spread betting and conventional betting * the structure of financial spread betting * types of financial spread bets * how to instruct your dealer * the types of data required to make an informed decision * how to read the signals effectively * golden rules for successful financial spread betting * market information and useful addresses.
Looks like a "how to" spreadbet and not how to make money, where's the money management and entry/exit signals
Trader_Dave
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Yes i've read it, took about 30mins, in short don't bother it conatins nothing that i didn't already know from surfing the web for a while. It's not worth the cover price and is aimed at a complete novice/idiot.
Thanks Paradox for the post...appreciated. Out of interest, how much did you pay for it?
Trader_Dave said:Thanks Paradox for the post...appreciated. Out of interest, how much did you pay for it?
It was £19.99
'The Beginner's Guide to Financial Spread Betting', by Michelle Baltazar, £12.99 from Harriman House (the T2W bookshop links here I believe) is new out - like I suspect others it covers the mechanics so that a newbie (as I was) could follow and understand how to do it. This info is doubtless available on the web, but like many topics it's doubtless a case of 30,000 google hits where 10 of them are all you want to know. I would not buy a book with this title if I wanted a trading tactic - I would buy a book called 'Good ideas for making money in TA' or similar... trading is a very specialised area, the person who knows how to describe the mechanics of SB will probably not be Ace of the Base in psychology or TA.
I got a copy, it took 2 hours to read, I was then confident of the mechanics - does this matter? Yes - one thing holding me back was the worry that I might misunderstand something, I'd lose a grand and be told that 'everyone knows that'. (As an example how worried were you the first time you read the words 'ex-dividend'? Wouldn't you have paid a fiver at that point to learn what, if any, relevance it had to investing?)
There are probably better things to read, and if you have days to kill then search the web - this is a short cut to feeling safer for newbies who have £13 to spare.
Is it any good for an experienced type looking for trading ideas? No, it covers the mechanics of a leveraged trade instrument - to pick the trade itself buy a good TA book instead, or go on a course. I imagine other books with similar titles cover similar ground, anyone who is new to this as I was should follow it up by coming back to T2W to read the spreadbet threads etc to find a decent spreads company to use when ready - the reviews section on T2W persuaded me to look at an outfit other than the one used in the book to illustrate each point.
For Deskpro - I would buy this or a similar book for a reference, to check I got the purely mechanical side right. I would then buy a book like Nison's candlestick patterns book(s), or a decent P&F book, or Jiler's charting book (etc) and probably a book on getting my head into shape by Elder or Mark Douglas. (Leave out any that duplicate areas you are already good in). SB'ing is just a way to handle the money, I would totall ignore most 'how to trade' sections in such a book as their purpose is to make the page count large enough to justify the cover price.
Dave
I got a copy, it took 2 hours to read, I was then confident of the mechanics - does this matter? Yes - one thing holding me back was the worry that I might misunderstand something, I'd lose a grand and be told that 'everyone knows that'. (As an example how worried were you the first time you read the words 'ex-dividend'? Wouldn't you have paid a fiver at that point to learn what, if any, relevance it had to investing?)
There are probably better things to read, and if you have days to kill then search the web - this is a short cut to feeling safer for newbies who have £13 to spare.
Is it any good for an experienced type looking for trading ideas? No, it covers the mechanics of a leveraged trade instrument - to pick the trade itself buy a good TA book instead, or go on a course. I imagine other books with similar titles cover similar ground, anyone who is new to this as I was should follow it up by coming back to T2W to read the spreadbet threads etc to find a decent spreads company to use when ready - the reviews section on T2W persuaded me to look at an outfit other than the one used in the book to illustrate each point.
For Deskpro - I would buy this or a similar book for a reference, to check I got the purely mechanical side right. I would then buy a book like Nison's candlestick patterns book(s), or a decent P&F book, or Jiler's charting book (etc) and probably a book on getting my head into shape by Elder or Mark Douglas. (Leave out any that duplicate areas you are already good in). SB'ing is just a way to handle the money, I would totall ignore most 'how to trade' sections in such a book as their purpose is to make the page count large enough to justify the cover price.
Dave
Trader_Dave
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Thanks Paradox.It was £19.99
The Beginner's Guide to Financial Spread Betting', by Michelle Baltazar, £12.99 from Harriman House........
Thanks DaveJB - excellent post - exactly how I feel. I'd rather spend the £13 and have the convenience of reading where I like, when I like, rather than searching through the web stuck to a screen. T2W has been an awesome resource to me, however sometimes I find it easier to read about the "complete basics" in a book followed by more in depth ideas and opinions found on T2W.
Dave
Deskpro,
I have purchased a few of the more expensive books & Cd's on spreadbetting including Bartlett, Stanzione and Bernardi. The best value of them was Bernardi (aussietrader on this board) and the Principles of Profit. Whilst it costs over 100 quid it took me through the basics of spread betting as well as detailing information on how to be a profitable trader. I am now making money - maybe because I stopped buying these flipping expensive books! - and trading in a relaxed manner. You could do worse than purchasing this book imho.
Codeman
I have purchased a few of the more expensive books & Cd's on spreadbetting including Bartlett, Stanzione and Bernardi. The best value of them was Bernardi (aussietrader on this board) and the Principles of Profit. Whilst it costs over 100 quid it took me through the basics of spread betting as well as detailing information on how to be a profitable trader. I am now making money - maybe because I stopped buying these flipping expensive books! - and trading in a relaxed manner. You could do worse than purchasing this book imho.
Codeman
Cheers,
re-reading my post I ought to point out I meant 'newbie' at SB'ing, not at trading itself - (although the better traders might consider newbie appropriate in either case <g>) I'm not trying to pretend to be a newcomer to trading whose life turned round after buying a small book.... this book just filled a few gaps in my knowledge.
As for Codeman's points - it's quite likely that somebody selling a book on trading tactics will include the obligatory intro chapter on how exactly to slap the money down.... for anyone looking for more than the basics this sort of book (Bernardi) is, naturally, going to be more in line with what you are after.
I've been an EoD, non-leveraged shares trader using TA (P&F) since 2000 and am shifting focus onto SB and index trading, expecting to hold over 3-4 days or so much of the time. Global (Harriman House - this book's publisher) sent me a copy just as I was looking to finally get around to doing it, so when it cleared up any lingering questions so quickly it made me add it to my short list of 'small but darn handy' books <g>
Dave
re-reading my post I ought to point out I meant 'newbie' at SB'ing, not at trading itself - (although the better traders might consider newbie appropriate in either case <g>) I'm not trying to pretend to be a newcomer to trading whose life turned round after buying a small book.... this book just filled a few gaps in my knowledge.
As for Codeman's points - it's quite likely that somebody selling a book on trading tactics will include the obligatory intro chapter on how exactly to slap the money down.... for anyone looking for more than the basics this sort of book (Bernardi) is, naturally, going to be more in line with what you are after.
I've been an EoD, non-leveraged shares trader using TA (P&F) since 2000 and am shifting focus onto SB and index trading, expecting to hold over 3-4 days or so much of the time. Global (Harriman House - this book's publisher) sent me a copy just as I was looking to finally get around to doing it, so when it cleared up any lingering questions so quickly it made me add it to my short list of 'small but darn handy' books <g>
Dave
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