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Spread Trading Low Risk Strategies for Profiting from Market Relationships
ISBN: 1592800246     Date Published: 2003-01-06     Author(s): Howard Abell
  Average Customer Rating:Stars Rating  

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196 Pages
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06/20/2013 01:34:16
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Editorial Review - Book Description:
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 more 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.
Customer Review:
Total Reviews: (19)
  (9)      (0)      (1)      (3)      (6)
(3) Shared
23 of 24 People found the following review helpful.

Waste of Money, June 14, 2003 By A Customer This review is from: Spread Trading: Low Risk Strategies for Profiting from Market Relationships (Paperback) The book was written 1997, do not get confused with the publishing date of 2003. The printed daily line charts are from 1997 without hardly any description. The same almost applies to the numerous useless pages filled with tables of historical spread trades that (maybe) could have been done between 1981 and 1996. This book neither contains stategies nor addresses risk at all. Furthermore the book is full of sentences of the following kind: "Computer generated Numbers. Most traders have a library of proven computer numbers. They may be applied with success in spread trading. The only caveat however, is that they usually are not self-contained systems and should be used along with the several other devices I have spoken about." My advice: Walk away from this trade!
21 of 22 People found the following review helpful.

Title is misleading...., December 18, 2000 ByDaniel Vassallo - See all my reviews This review is from: Spread Trading: Low-Risk Strategies for Profiting from Market Relationships (Hardcover) 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 more 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).
25 of 27 People found the following review helpful.

Disappointing, January 4, 2002 ByHenry Lubbe (Louisville, CO United States) - See all my reviews This review is from: Spread Trading: Low-Risk Strategies for Profiting from Market Relationships (Hardcover) 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.
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