The financial trend of spread betting and foreign exchange trading is a hot topic for the financially astute. Although both have been around for several years, the development in online financial technology has led to a number of people choosing this as a viable option for making some serious money. This book guides readers through what can be a very complex subject in a clear and easy to understand way.
The book begins by talking about the basics of spread betting, as well as detailing the reasons why trading in a large range of markets has become so popular. The book then moves on to explain all there is to know about the forex markets, including information on what makes currency prices move throughout the day, as well as how you can trade forex using spread betting.
The book provides some effective yet simple strategies for trading, which can be used to start out in spread betting at a level of risk that is acceptable to you. Potential pitfalls and what to look out for when considering whether to move money are also thoroughly explored.
If you have ever considered entering into the world of forex spread betting, then you will find this book extremely helpful. As one financial professional, Jeremy Prescott of SIGnet said in his review: “This is a clearly written short introduction to trading FX by a technical analyst who cut his teeth in foreign exchange trading.”