It’s the uneducated and inexperienced that with lose money before anyone else…
As with anything spread betting is something you need to be good at to make money. Having natural talent will only get you so far, but in order to beat the markets you need to understand how they work. Not just the economic indicators and events that push a market one way or another. But, instead the mechanics of how the product is operated, the historic trends that can predicate future moves and most importantly know how to learn from experienced traders mistakes.
A quick look on Amazon shows there around 600 books that cover spread betting. Around 167 of these are in the investments category. However, when educating yourself it pays dividends to do it properly and avoid the fluff. We’ve put together a short list of the best spread betting books, which will give differing perspectives on the product.
Three top books on spread betting…
One of the most popular books on spread betting, Malcolm Pryor takes the reader on a journey “climbing the spread betting mountain”. It covers all aspects of the learning to spread bet profitably as though the reader were an absolute beginner from what computer to buy, a history of spread betting and what strategies and research tools are best utilised.
A humorous and insightful 224 pages from Robbie Burns (AKA the Naked Trader) about his expereinces spread betting. Robbie is widely regarded as a successful trader and this collection of entries from his diary and a good overview of the spread betting industry provides some good insights in to how the trader has made his own profitable bets in the past.
No spread betting book list would be complete without at least one entry from the indisputable king of the charts, Zak Mir. Zak has been providing commentary for brokers, fund managers, websites, blogs, TV shows and the entire financial media for over two decades.
The book focuses on charts, which although are not exclusive to spread betting are an essential element. Spread betting is all about short-term trading and short-term trading is all about market timing, market timing is all about technical analysis and technical analysis is all about charts.
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.