The Naked Trader's Guide to Spread Betting: How to Make Money from Shares in Up or Down Markets

by Robbie Burns

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? Now here is a new beginner's guide that explains - in plain English - how to do it, and how to make money from it! Spread betting shares can be 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, 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.

Genres: Finance, Nonfiction, Economics

205 pages, Paperback

First published August 19, 2010

About the author

Robbie Burns is successful trader from England.

Reviews

[Patrick Neylan · Rating 3 out of 5]

This book is a bit thin, padded out with anecdotes and appendices. Much of it is obvious, a lot of it is available elsewhere and it can be quite repetitive. But some of the tips are useful and I found some tips and tricks that could improve my CFD trading or help me if I went into spread betting itself.

It doesn't do itself any favours by using the standard self-help book layout, beloved of snake-oil salesmen and charlatans, and employing the desperate exclamation mark in a pathetic effort to be likeable. And those jokey asides are exceptionally tiresome. One of them is funny. The other 200 aren't.

[Ron · Rating 2 out of 5]

Pretty much like reading a long article. It does have some useful points and warnings. Perhaps Robbie tried to go out the box using testimonials to exemplify and warm about the dangers but it felt more like an attempt to fill in content. Overall OK, I wouldn't say it's terrible as it's somehow useful. I'm sure the author has more knowledge on the topic that he managed to put on the book tbf.

[Michael · Rating 5 out of 5]

Great book with very good explanations. Great for someone starting out.

[Chris Pearse · Rating 5 out of 5]

A very good explanation of how to make money from betting on share movements - up and down. Burns goes to great pains to warn the reader that making money in this way is not a walk in the park, but that it can be done with diligence and care. He explains the methodology behind it clearly, succinctly and with good humour. A must read for any aspiring spread better.