The MoneyMaker Book Club
There are two common misunderstandings about spread betting, one being that it is just gambling, the other that is just for the short term.
It is easy to see how the gambling misunderstanding comes about. The word ?betting? conjures up images of the casino or the race track. The reality is that spread betting is a leveraged derivative product that can form an important part of a trader?s arsenal. Particularly for those that are fortunate enough to be successful enough with it to profit more than the capital gains threshold (under current tax laws capital gains tax is not applicable to spread betting). There are of course those that treat spread betting in much the same way as a trip to the casino or the race track with, for the most part, similar results ? but ??Winning spread betting strategies? is not for them.
From the author of bestselling ‘The Financial Spread Betting Handbook’?, this book is about using spread betting in a structured way to take advantage of price moves lasting from around a couple of weeks up to several months. Because many people think spread betting is much shorter term than this, the book introduces the spread betting investor ? a concept used to describe the characteristics of someone using spread betting in this way.
After this concept has been explored in some depth the major part of the book is the detailed description of seven spread betting strategies specifically designed for this duration and matched to whether the market is rising, falling or trading sideways.
?Winning spread betting strategies? is a well constructed and informaive guide, mainly aimed at traders who already use spread betting products and who are looking to develop additional strategies. It is assumed that the reader will already have some familiarity with a range of key trading concepts.
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