The Naked Trader's Guide to Spread Betting: How to make money from shares in up or down markets (2nd New edition)

The Naked Trader's Guide to Spread Betting: How to make money from shares in up or down markets (2nd New edition)

By: Robbie Burns (author)Paperback

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Description

REVISED AND UPDATED 2ND EDITION OF THE NO.1 BESTSELLER! Have you dabbled in shares or the stock market? And wondered what spread betting was all about and whether you should be doing it? Perhaps you thought it all looked a bit complex or was just for City boys? The no. 1 bestselling beginner's guide that explains - in plain English - how to do it, and how to make money from it, is back and bigger and better than ever! Spread betting shares can be dangerous: most people lose - some even lose their shirts. But it's not a world populated by pinstriped men waiting to rob you, steal your savings and do nasty things to small kittens. You can win. (And you never have to pay a penny in tax!) This book shows you how. Robbie Burns, bestselling author of The Naked Trader and Trade Like a Shark, has been spread betting for years. He explains why it's an indispensable tool to use alongside normal investing or trading. Especially as you can make money even if the market goes down. Robbie takes you through everything from how it works, to managing your risk, working out exposure, and how, often, doing nothing is the best move! He explains the ins and outs of successfully betting on shares in his trademark down-to-earth style, covering everything you need to know. From the simple stuff through to proven strategies, including those that can be used in different markets - it's all here. There are also behind-the-scenes visits to two top spread betting firms. But it's a big, bad old world out there, and there are a whole heap of mistakes you can make, an awful lot of money you can lose. Rounding up spine-chilling traders' tales of spread bets gone wrong, and using all he has learnt from making silly mistakes himself, Robbie also helps you learn what not to do. This is the ultimate guide to spread betting - how to do it, have fun and hopefully make a few quid.

About Author

Robbie Burns has been a journalist and writer since he graduated from Harlow Journalism College in 1981. After starting life as a reporter and editor for various local newspapers, from 1988-1992 he was editor of ITV and Channel 4's teletext services. He also wrote ITV's daily teletext soap opera "Park Avenue" for 5 years. He then went on to freelance for various newspapers including The Independent and The Sun, and also helped set up a financial news service for CNN. In 1997, he became editor for BSkyB's teletext services and set up their shares and finance service. While there he also set up various entertainment phone lines in conjunction with BSkyB including a "Buffy The Vampire Slayer" phone line which made him nearly GBP250,000. He left full-time work in 2001 to trade and run his own businesses which included a cafe in London which he sold, doubling his money on the initial purchase. While at BSkyB, Robbie broadcast a diary of his share trades which became hugely popular. He transferred the diary to his website, www.nakedtrader.co.uk, which became one of the most read financial websites in the UK. Between 2002 and 2005, he wrote a column for The Sunday Times, 'My DIY Pension', featuring share buys and sells made for his pension fund which he runs himself in a SIPP. He managed to double the money in his pension fund from GBP40,000 to GBP80,000 in under three years as chronicled in the Sunday Times. By mid 2007, he doubled it again, reaching GBP165,000. Robbie now writes a weekly column for the leading financial website, ADVFN.com. Robbie has made a tax free profit of well over GBP500,000 from trading shares since 1999, and has made a profit every year, even during the market downturn of 2000-2002. Public trades made for his website have made more than GBP400,000.

Contents

Welcome to the World of Spread Betting Part I - Learning It 1. What it is - and Whether it's For You 2. The Knowledge (I of II) 3. The Knowledge (II of II) 4. What Markets Should You Trade? Part II - Doing It 5. Strategies I Use 6. Stop Losses 7. Trading Examples 8. Most Common Mistakes Made By New Spread Bettors 9. Spread Betting Traders' Tales 10. It's All in the Mind 11. Inside the Spread Betting Firms 12. My Spread Betting Rules 13. Jargon Buster and Useful Resources Conclusion

Product Details

  • ISBN13: 9780857197054
  • Format: Paperback
  • ID: 9780857197054
  • ISBN10: 0857197053
  • edition: 2nd New edition

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  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

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