Spread Betting Forex: An Experts Guide
How do you improve your spread betting of the forex markets or get into spread betting forex?
Spread Betting Forex Explained
That is the question I asked myself when I first decided to try my hand at spread betting the forex markets and the first place I decided to look was to look at some one that knew what they were doing. Who better than the spread betting giants IG Index? There is also a related post about spread betting forex on this web site called spread betting forex eleven things to consider which you may want to look at as well, you will find it under the spread betting category.
Now whilst I may hold my own private views on such issues as slippage and order fulfilment there is no doubt that IG Index are the major players, although I am also hearing great things about Capital Spreads as an alternative spread trading broker. There are proper forex brokers like FXDD and Smart Live Markets but this article is dealing with spread betting forex.
Now the main man as far as I am concerned at IG is David Jones who is the Chief Market Strategist at IG Index and has been involved in forex and the spread betting industry since 1995 and later developed his own currency trading technical analyst skills in the latter part of the last century and is now one of the leading experts in spread betting forex. All the major currencies are traded yen, sterling and the euro.
David Jones has developed a range of educational programmes for spread betting clients and has been involved with client education for retail spread betting clients, that means you and I, as well as corporate institutional clients in the forex markets for the greater part of his currency trading career.
So David Jones could be described as an expert guide to spread betting the foreign exchange markets., and someone that you should listen to in your quest for an improvement in your spread betting forex performance.
David has written a guide called “Spread Betting The Forex Markets“, which is a neat little how to book, easily read in a couple of hours and covers most of the topics regarding financial spread betting the forex markets.
I bought the book and and this is what I discovered apart from the fact that it was excellent value for money. It certainly is a lot easier than trading in contracts for difference or CFD trading.
Spread Betting Forex
The page count is 150 pages from cover to cover, and is broken down into two sections called The Basics and Trading Strategy. There is also the usual introduction about the author and a flavour of which I have given above.
The Basics
Spread Betting Forex
- The Spread Bet Price – explains how the spread is calculated and the bid/ask or sell/buy difference
- Time Frames For Trading – useful information on when local trading markets are open
- Forex Trading – explains currency pairs
- Contract Types – margin trading and Spread Bet Examples such GBP USD or cable as it is known in forex trading circles.
Forex Explained
- Background and History of the Forex Market
- Further Explanation of a Currency Pair
- The Most Regularly Traded Currency Pairs
- Forex Conventions and Glossary of Terms
- Forex Strengths and Weaknesses
- What Makes The Forex Market Move
- The Strategies Of Trading Forex
- Why is Forex Trading so Popular
Managing Forex Financial Spread Betting Risk
- Size of Your Forex Trade
- Stop Loss – Managing when a Currency Trade goes Wrong
- R:R – Risk versus Reward Ratios
Technical Analysis and Indicators
- Support and Resistance
- Trend Lines -Trendlines Explained
- The Trend is Your Friend…Until the Bend at the End!
- Oscillators used in Spread Betting Forex
- RSI – Relative Strength Index
- Bar Charts
- Candlestick Charts used in Spread Betting Forex
- Divergence
Conclusion
Spread Betting Forex
Overall I found this book interesting, relevant and factual. It improved my knowledge of trading the financial currency markets and improved my technical analysis ability and spread betting technique.
I found it to be extremely good value in terms of monetary outlay and time invested in reading it, therefore I would say that the cost benefit analysis of buying Spread Betting The Financial Markets is good.
If you wish to further consider spread betting forex, learning how to place your bets properly and mitigating your potential losses then I would urge you to look at the excellent publication Spread Betting The Financial Markets which can be easily found for readers in the UK by clicking here United Kingdom, or if in the USA please click here United States.
