• Stocks & shares
      November 2007

      Shares Made Simple

      A Beginner's Guide to the Stock Market

      by Rodney Hobson

      At last a book that champions the small investor, the growing bank of potential shareholders who have cash to spare but fear entering the jungle that is the City of London. Shares Made Simple, written by highly respected financial journalist Rodney Hobson, tears away the mystique and jargon that surrounds the stock market. It takes you step by step through the most basic concepts of stock market investing, carefully explaining issues such aswhat shares are and how they are bought and sold, why share prices go up and down, why some companies' shares look cheap while others appear to be expensive, the hidden traps for the unwary. This book sets out to create a level playing field between the stock market professionals and the small investor. As rising living standards and inherited cash provide assets for investment, no-one needs to suffer pitiful bank interest rates when there is real money to be made in sharing the nation's wealth.

    • Investment & securities

      CFDs

      The Definitive Guide to Contracts for Difference

      by David James Norman

      CFDs, or contracts for difference, provide the investor with unparalleled trading opportunities in today's volatile markets.CFDs are derivative products that allow you to trade on the price movements of securities and indices without ever owning the underlying asset. They offer a leveraged, flexible, cost-effective alternative to traditional trading methods. You can go long or short and hedge open positions in other tradable instruments, thereby enabling you to trade whatever the market conditions.This book provides an essential guide to these exciting products. Structured in five parts it takes you through everything you need to know, from basic principles, mechanics and strategies, through to understanding the psychology behind your trading, including:- What a CFD is, how it is priced, and the range of different CFDs and markets available to trade.- The principles of CFDs and the mechanics of opening, funding and maintaining a CFD trading account, and the different types of account that are available.- The logistics of trading CFDs, including details of tradable markets, the range of underlying instruments and popular trading strategies.- The benefits and risks of trading CFDs, including leverage, shorting, hedging and tax.- A comparison between CFDs and other trading instruments such as spread betting, covered warrants, options and futures.- Controlling risk through the use of stop loss limits, trailing stops, guaranteed stops and limited liability orders.CFDs are an essential part of the smart investor's toolbox, and this book gives you everything you need to make the most of them.

    • Investment & securities

      Spread Betting the Forex Markets

      An Expert Guide to Spread Betting the Foreign Exchange Markets

      by David Jones

      If you were to make a list of financial topics that have grabbed the interest of the wider public over recent years then spread betting and foreign exchange trading would surely be near the top. These have both been around for decades, but developments in technology and financial markets in the past five to ten years have made them extremely hot topics right now.This book starts by covering the basics of spread betting and explains why it has become such a popular method for trading a whole host of markets. Next the forex markets are explained - cutting through the jargon to help you understand how they work, what makes currency prices move second by second, 24 hours a day, and how you can trade forex using spread betting.Finally, some trading strategies are examined - approaches that you can put into practise straightaway using spread betting, and at a level of risk that suits your own particular circumstances.If you are looking to trade forex then this book provides an expert introduction - helping you to succeed by avoiding the most common pitfalls of this highly volatile but fascinating market.

    • Stocks & shares

      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 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, 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.

    • Investment & securities

      Behavioural Technical Analysis

      An Introduction to Behavioural Finance and Its Role in Technical Analysis

      by Paul V. Azzopardi

      'Behavioural Technical Analysis' is an accessible introductory guide to how human nature impacts the markets and those who trade in them.At its core, trading is a decision-making process based on the analysis of data and a judgement on risk and uncertainty. When humans make trading decisions their emotions, physiology and the natural qualities of the brain automatically and subconsciously play a role. Therefore, to better understand the financial markets we need to better understand the behaviour of individual investors within those markets.Behavioural finance - the study of how human sentiment and emotion affects financial decision-making - is a means for achieving this better understanding and it is already revolutionising investment and trading. In particular, it is becoming clear that behavioural finance can help evaluate various aspects of technical analysis - and this is the unique focus of 'Behavioural Technical Analysis'.This book provides an introduction to the six main areas of behavioural finance: dealing with complexity; how humans perceive what is around them; sense of self; aversion to risk; the impact of society and crowds; and gender. An overview is given in each case and for each key concept details are provided about how it can affect the work of technical analysts.The author then builds on these early chapters by applying the concepts of behavioural finance to three key technical analysis techniques: study of extremes, study of trends, and support and resistance. It is shown how behavioural finance can help illuminate long observed technical price patterns and thus serve as a foundation for profitable investment and trading strategies.This book does not presuppose any knowledge of behavioural finance or psychology, skills in mathematics or detailed trading techniques, but instead provides an outline of the key features of behavioural finance that are relevant to technical analysis and advances a new and exciting way of thinking about trading.'Behavioural Technical Analysis' is a lucid and practical read for all those who want to understand what happens when human nature and financial markets collide - and, most importantly, how to profit from it.

    • Stocks & shares

      The Uk Trader's Bible

      The Complete Guide to Trading the Uk Stock Market

      by Dominic Connolly

      This is the only comprehensive UK-published guide to short-term trading, combining detailed reference information with the author's advice on strategy and tactics. Every serious trader in the UK needs this book - not a nice-to-have, but a must-have!The 10 key things you will learn:- Detailed description of the different trading platforms (SEAQ, SETS, SETSmm, SEATS Plus) on the London Stock Exchange.- How to deal inside the spread in market making stocks and get the best price.- How auctions work on the London Stock Exchange platforms.- The importance of direct market access for active traders.- The secrets of programme trading, index arbitrage and block deals.- How the cash, futures, lending and derivatives markets interact.- The secrets and risks of short selling.- Which directors' deals to follow and which are irrelevant.- How to make money from takeover situations.- Secret strategies from an established and successful trader.

    • Stocks & shares
      March 2012

      The Dividend Investor

      How to Maximise Your Income By Investing in Shares

      by Rodney Hobson

      Rodney Hobson, author of bestseller Shares Made Simple, is back with a brand new book designed to help you build a balanced share portfolio that provides dividend income, whether you're just starting out or ready to retire.Dividends - the distribution of part of a company's earnings to shareholders, usually twice a year - can be a valuable income stream for anyone. Designed for longevity but particularly pertinent in times of low interest rates, The Dividend Investor is packed with real-life examples and analysis of how to gain suchadded income through reliable shares with healthy dividends.Topics made simple with Hobson's classic style include: ratios, yield, dividend cover, the dividend payout ratio, total return, cash flow, burn rate, gearing or leverage, interest cover, earnings per share and the price/earnings ratio. Plus the advantages and disadvantages of shareholder perks.If you're looking to make the most from your investments, then this book is for you.

    • Investment & securities

      Fundology

      The Secrets of Successful Fund Investing

      by John Chatfeild-Roberts

      Owning an investment fund is the easiest and most convenient way for investors to put their money to work in the world's financial markets. Yet only a handful of people really seem to understand how to make the most of the opportunity that funds offer. Too many pick the wrong fund in the wrong market at the wrong time - a sure-fire recipe for disappointment.In this important new book, an award-winning manager at one of the UK's best fund management firms explains in simple language what it takes to buy and sell investment funds successfully - and how to avoid the common mistakes that so often condemn fund investors to poor results.John Chatfeild-Roberts, head of the fund of funds team at Jupiter Asset Management, is responsible for sifting through the thousands of funds that are open to UK investors and hand-picking the best 10 - 15 for his clients' portfolios. The Jupiter Merlin range of funds has won a string of industry awards for their consistent performance.Now, in Fundology - The Secrets of Successful Fund Investing, he explains in detail how to set about becoming an expert fund investor - what to do and (just as importantly) what not to do. While he concentrates on unit trusts and open-ended investment companies (OEICs), his specialist area, many of the principles outlined here apply equally well to other types of fund.The topics covered include:- Why funds are worth considering.- How unit trusts and OEICs work.- How to pick the best managers.- The truth about costs.- The trouble with index funds.- Which funds the Jupiter team own (and why).- The most common mistakes that investors make.Easy to read and outspoken in places, Fundology is a must read for anyone interested in knowing how to get the most out of their investments. Knowing how the experts go about choosing funds can only increase your chances of improving your own success rate."John and his team have a terrific record for asset allocation - the right managers and, in particular, the right sectors at the right time - a true justification for active fund management."- Sir Martyn ArbibFounder and Chairman of Perpetual plc 1974-2000"John Chatfeild-Roberts has been a loyal supporter of my funds for many years. There are few in our industry who know more about the business of picking funds than John does."- Anthony BoltonAAA-rated Fund Manager, Fidelity Investments"The Jupiter Merlin team has one of the most successful track records in managing global equity fund of funds product, delivering consistent above-median annual returns since 1999, to rank top decile over both three and five years. Their success lies in both their skill in manager selection and in identifying macroeconomic or cyclical turning points."- Standard & Poors"John and his team have consistently identified the best fund managers before they have become well known."- William LittlewoodAAA-rated Investment Manager, Artemis"Genuinely active fund management has an increasingly important part to play in meeting the future expectations of Britain's savers. Identifying who are, and will be, the successful practitioners of this minority sport is one of the many challenges facing savers and their financial advisers."- Neil WoodfordAAA-rated Fund ManagerHead of Equities, Invesco Perpetual

    • Economic theory & philosophy

      The Myth of the Rational Market

      A History of Risk, Reward, and Delusion On Wall Street

      by Justin Fox

      Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's "The Myth of the Rational Market" is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance and investing, from the formative days of Wall Street through the Great Depression and into the financial calamity of today. It's a tale that features professors who made and lost fortunes, battled fiercely over ideas, beat the house in blackjack, wrote bestselling books, and played major roles on the world stage. It's also a tale of Wall Street's evolution, the power of the market to generate wealth and wreak havoc, and free market capitalism's war with itself. The efficient market hypothesis - long part of academic folklore but codified in the 1960s at the University of Chicago - has evolved into a powerful myth. It has been the maker and loser of fortunes, the driver of trillions of dollars, the inspiration for index funds and vast new derivatives markets, and the guidepost for thousands of careers. The theory holds that the market is always right, and that the decisions of millions of rational investors, all acting on information to outsmart one another, always provide the best judge of a stock's value. That myth is crumbling.Celebrated journalist and columnist Fox introduces a new wave of economists and scholars who no longer teach that investors are rational or that the markets are always right. Many of them now agree with Yale professor Robert Shiller that the efficient markets theory "represents one of the most remarkable errors in the history of economic thought." Today the theory has given way to counterintuitive hypotheses about human behavior, psychological models of decision making, and the irrationality of the markets. Investors overreact, underreact, and make irrational decisions based on imperfect data. In his landmark treatment of the history of the world's markets, Fox uncovers the new ideas that may come to drive the market in the century ahead.

    • Stocks & shares

      A History of the London Stock Market 1945-2009

      by George G. Blakey

      This book is a unique record of the people, deals and events that have driven the stock market since 1945.Written in a down-to-earth, journalistic style, this book reads almost like a novel as it takes you through over 60 years of stock market history. Blakey provides a fascinating perspective on the movers and shakers - the winners, the losers, and the reasons why - giving a rare insight into the workings of the stock market, plus profiles of key players and the movements and effects of new, upcoming markets.The book includes coverage of all the major economic and political developments that have influenced the market, as well as the individuals and corporations themselves. It provides an invaluable reference for anyone wishing to understand and anticipate current and future trends in the market.This updated 6th edition now also covers the tumultuous period of 2007-2009.

    • Stocks & shares

      Beyond the Zulu Principle

      Extraordinary Profits from Growth Shares

      by Jim Slater

      A brand new edition of the classic bestsellerThe goal of all investors is to make the maximum possible profit from their investments. 'Beyond The Zulu Principle' shows you how to do this by focusing on growth shares. Jim Slater believes he has discovered a major market anomaly that should enable both private and institutional investors to enjoy exceptional returns in the stockmarket.A number of important factors are crucial to successful investment. Jim Slater explains how to choose a company operating in the right sector with an advantage over its competitors. He also highlights the importance of directors' dealings, CEO changes, relative strength, cash flow accelerating earnings, and the capacity of some companies to clone their activities.Simple but enormously effective, the guidance offered here should help readers to make stockmarket profits well beyond the market averages.

    • Stocks & shares

      How to Build a Share Portfolio

      A Practical Guide to Selecting and Monitoring a Portfolio of Shares

      by Rodney Hobson

      Effective share portfolios for the private investorRunning an efficient portfolio of shares means buying and selling the shares that make the most sense for you, and at the right time and price. Rodney Hobson, author of the bestselling Shares Made Simple, sets out how to do this without having to be a financial expert or full-time trader. Using plain language, he takes the reader simply and logically through the process, giving helpful examples and real-life case studies at every turn.In How to Build a Share Portfolio you can:- find out how to determine the right objectives for your portfolio- learn how to pick shares that fulfill your investment ambitions, and when to drop those that no longer do so- understand how best to set your portfolio's size and ensure it is diversified against risk- discover the best ways of monitoring your portfolio, and of reducing losses and rebalancing it when necessary.Anyone who is thinking of investing, however much or however little, will benefit from the information, advice and guidance contained in this book. Similarly, those who already have a portfolio will find it helps them to stand back and reassess whether they are making the most of their money and whether their portfolio is meeting their needs.

    • Investment & securities

      Dma Trading On Lmax

      The Lmax Platform Explained

      by Dominic Picarda

      This short book will explain DMA trading on the LMAX exchange. It will explain what DMA is, how it works, and how you can get the best out of it. You don't need to know anything about trading to read this book and even if you do have experience of trading, it should still help refresh your knowledge and introduce you to trading on LMAX.It will explain the basics of contracts for difference (CFDs) and DMA as well as how to trade in LMAX's marketplace.LMAX was created in order to give traders an alternative way of accessing markets.

    • Investment & securities

      Trading Strategies Explained

      A Selection of Strategies Traders Could Use On the Lmax Platform

      by Dominic Picarda

      In this eBook, you will learn how it can be possible to:- anticipate future price movements using charts and the LMAX order book;- ride very short-term momentum in the market;- set prices on LMAX; and- use fundamental information to make trading decisions.

    • Stocks & shares

      Millard On Channel Analysis

      The Key to Share Price Prediction

      by Brian Millard

      Brian J. Millard uses channel analysis to determine how certain share price cycles, made up of both random movement and predictable cyclical movement, should behave in the near future, giving the investor a powerful prediction tool.A considerable proportion of price movement is random and as such, investors cannot achieve 100‰ success in predicting price movement. However, cycles are present in share price data, and channel analysis can be used to determine their position.Channel analysis enables investors to:- Rapidly scan a pool of 50-100 shares for new opportunities- Identify the start and end of trends only a few days after the event- Use one of three stop-loss methods as added insurance against extreme random movementsThe author also discusses how probability analysis allows the investor to attain a better estimation of channel turning points, leading to greater profit potential. 'Millard on Channel Analysis' is an invaluable guide for any investor who wants to make money by looking at share price cycles.

    • Investment & securities

      Predatory Trading and Crowded Exits

      New Thinking On Market Volatility

      by James Clunie

      In this book, James Clunie looks at a series of market phenomena that involve security prices moving temporarily away from their 'fair value', creating opportunities for traders to profit (and the risk of losses for the unaware).These phenomena have only recently begun to be well understood and key among them are those known as 'predatory trading' and 'crowded exits'. The author examines these on three levels. Firstly, he describes the basic principles and theory behind each phenomenon,to build a solid framework for the way a trader should think about these situations. Secondly, he examines the accumulated empirical evidence of these situations. This gives an idea of what generally happens in these situations, and what the profit opportunity and the risks might be like. Finally, the author considers a number of individual cases to illustrate what can happen to traders in practice. Often, these will be special situations or extreme events from history, but always cases from which the trader can learn.By understanding these phenomena thoroughly in this way, a trader can gain an edge over others in the market. In the first instance by avoiding becoming the victim of the phenomena and secondly by using detailed knowledge of these situations to (legally and ethically) profit from the events.This book is for traders looking to gain an edge through a superior understanding of how markets work, both in theory and in practice. It will also be of interest to longer-horizon investors who are seeking to avoid timing errors, and to risk managers wanting to understand better the subtleties of risk beyond traditional risk statistics.

    • Personal finance

      The Naked Trader

      How Anyone Can Make Money Trading Shares

      by Robbie Burns

      Completely updated and expanded 3rd editionThe most entertaining book on the markets is back - and this time it's even more revealing. In this completely updated and expanded third edition, top trader Robbie Burns gives you the lowdown on the strategies you need to make money from the stock market without having to sit at a screen for every second of the day. Robbie quit the rat race more than ten years ago, and believes you can do it too.The first two editions of The Naked Trader flew off the shelves as the glowing reviews from readers mounted up. This brand-new third edition contains even more essential content than before: more vital tips, more key facts, more ideas, more insights, more real-life tales and an awful lot more toast. Not to mention twice the number of secret trading strategies: 20 proven techniques that you can use to make money from the markets.Trading shares, eating toast, making moneyRobbie, aka the Naked Trader, is your expert and highly entertaining guide to the often baffling world of the stock market. In between cups of tea, rounds of toast and watching "Cash in the Attic", he describes the straightforward techniques that have enabled him to succeed in the markets, escape the rat race and ensure he never has to wear a tie again.This book tells you all you need to know to become a successful investor. From how to find good shares in the first place, ensuring you don't buy a complete stinker, to getting your timing right, minimising your losses and learning how to let your profits run. And for the first time, find out how Robbie even made money and protected himself during market meltdowns and how you too can defend your trading when the market throws a wobbly. He also happily reveals his mistakes too.If you're a complete beginner you can start here. And if you're currently trading but want to learn some new ideas, get reading now! The Naked Trader is packed with practical and easy-to-follow advice, with none of the incomprehensible jargon found in so many other books. Robbie hates jargon and writes in plain English! Whether you just want to make a few quid on the side while you're at work or eventually you want to go on to make money from the markets full-time and quit work like Robbie, this book is all you need to get started.So grab some tea, toast and relax - and start trading the naked way.

    • International business
      May 2012

      Africa - The Ultimate Frontier Market

      A Guide to the Business and Investment Opportunities in Emerging Africa

      by David Mataen

      In the last decade, sub-Saharan Africa has become one of the most talked about regions of the world in terms of emerging investment opportunities, sources of new growth in the world and newly qualifying investment destinations - a quintessential frontier market. It is developing into a long-term economic interest with international appeal.However, there is still a lack of solid, useful information; Africa - The Ultimate Frontier Market aims to fill this void. It examines sub-Saharan Africa as an investment opportunity, and presents you with its economic appeal from a consumer markets perspective through the eyes of an African capital markets practitioner and investment banker.

    • Stocks & shares
      January 2012

      A History of the London Stock Market 2011

      Fourth Quarter, October to December

      by George G. Blakey

      This book is a unique record of the people, deals and events that drove the stock market in the third quarter of 2011.Written in the author's down-to-earth, journalistic style, this book reads almost like a novel as it takes you through the last twelve months of stock market history. Blakey provides a fascinating perspective on the movers and shakers - the winners, the losers, and the reasons why - giving a rare insight into the workings of the stock market, plus profiles of key players and the movements and effects of new, upcoming markets.The book includes coverage of all the major economic and political developments that have influenced the market, as well as the individuals and corporations themselves. It provides an invaluable reference for anyone wishing to understand and anticipate current and future trends in the market.Histories of previous years are available in A History of the London Stock Market 1945-2009 (9781906659622), 2010 (978085719098) and 2011 (9780857191335, 9780857191571).

    • Investment & securities

      Corporate Actions - A Concise Guide

      An Introduction to Securities Events

      by Francis Groves

      Corporate actions have been sidelined for too long and deserve to be treated with more respect. No type of investment security can be fully understood without knowledge of its corporate actions. They have implications for the sustainability of an investment's performance but repeatedly more beguiling investment preoccupations put them into the shade.Together with bank clearing and exchange settlement systems, the administration of corporate actions is one of the key co-operative functions tying our highly competitive global finance industry together. In the financial markets of the developed world the efficiency and "risklessness" of corporate actions processing is entirely taken for granted. Yet the volume of complex corporate actions and a common sense estimate of the likelihood of mistakes occurring suggest that industry practitioners and investing clients may be deluding themselves.If knowledge of corporate actions brings us to fully understand the securities they relate to, some familiarity with corporate actions processing is important in gaining an insight into the workings of the securities industry as a system. With the exceptions of accountancy and financial regulation, no other activity involves as many kinds of investment industry participant as corporate actions processing.

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