Spread Trading It S Exciting Stimulating Highly Profitable Yet It Remains A Mystery To Most Traders Despite The Benefits Offered By This Dynamic Hedge Tool, Many Traders Don T Understand How To Recognize Relationships In The Commodity And Financial Markets And Use Them To Enhance Their Trading Performance Now, Renowned Market Maker Howard Abell Offers The Definitive Book On This Exciting Technique, Outlining Strategies For Analyzing Opportunities, Tactics For Implementation, And Savvy Advice On Overcoming The Psychological Barriers That Hold Most Spread Traders Back Four Easy To Follow Sections Reveal Exactly What It Takes To Trade Based On The Concept Of Differential Or The Relationship Between Commodities Or Similar Products Including 1 Psychological Factors That Make For The Most Successful Spreaders, And Developing A Strategic Game Plan For Spreading Success 2 Technical Analysis And Spread Trading Seasonal, Cyclical And Historical Spread Relationships To Exploit, Such As Using Spreads In The Grain Market To Profit From Summer Drought 3 Spread Trading Methods Of The Top Market Experts Specific Strategies That Have Proved Successful By The Specialists In Various Asset Classes 4 Every Principle Benefit Spread Trading Affords From Discovering Opportunities In Seemingly Dull Markets To Earning Greater Long Term Profits With Highly Calculated Risk Good Spreaders Are Daring Yet Disciplined, Focused Yet Flexible, Well Prepared Yet Able To Think On Their Feet And Abell Arms Readers With The Analytical And Psychological Skills Required To Be Not Just Good, But Great Traders, As He Outlines Techniques For Trading To Win, Instead Of Trading Not To Lose Building The Inevitability Of Draw Downs Into Your Strategy Identify The Market Signal, Or Spread Entry Point And Many Important Tools For Winning Big By Spreading Trading With A Foreword By The CBOT S Chairman Patrick Arbor, This Timely Handbook Will Equip You To Face Head On The Challenge Of Spread Trading In The Real World.
It has interviews with spread traders, a Eurodollar spread floor trader, as well as with Steve Moore who publishes daily Internet spread charts.
I need to get into authoring if all it takes is creating a book full of charts and prices extracted from some trading system To be fair, they were padded out with the odd page of text, but extract all the charts and tables and you have a very thin book What s left doesn t contain any nuggets either, just ramblings from traders The book subtitle contains the phrase low risk strategies for profiting from market relationships Unless I m missing a trick, there are non included anywhere.
He makes spread trading understandable in a very practicle way The historical data fropm Moore Research Company was also beneficial.
Two hundred pages, the last hundred of which are interviews with other traders Sixty pages of charts, many of which are not referenced in the text The text is riddled with the cliches and anecdotes of the financial world which we have all read elsewhere.
Alarm bells were ringing by page 36 where Mr Abell declares his belief in Newton s Third Law a body in motion tends to stay in motion Perhaps the Laws have different numbers in the USA The book does not adequately cover strategies and for its inflated price, it is a very poor piece of authorship I understand that Mr Abell is a successful trader He should stick to it and leave writing to those able.
Not too much new information here.
The title is very misleading due to the fact that this book contains no trading strategies It does, however, do a good job of talking about the psychology of trading one of the most important aspects The interviews are good but contain no real practical knowledge In my opinion, save the money and go for another, perhaps advanced book if you re concerned with trading strategies I will not even recommend this book to the beginner for it requires a broad knowledge of how the trading floor works This book mentions little about value the MOST important thing about legging and trading spreads As far as spread trading goes, this isn t the one Dan Vassallo New York Cotton Exchange.
If I had wanted a psychology book I would have bought one Mr Abell is obviously obsessed with the subject as there is almost nothing in this book that gives the nuts and bolts of spread trading 45% deals with the psychology of trading, 45% of it are interviews with successful spread traders, and the remaining 10% if you discount the charts deals with spreading Save your money.