Trade of The Week: Centamin Sentiment

Not so long ago I edited a book (not this one) for a guy who postulated that one sure way to make money in the markets is to bet against the recommendations of a particular investment bank; not straight away, but a few weeks later.



It is in this context that I re-read this article, dated 15 October, in which Goldman Sachs cited Centamin as a favourite stock that offered "inexpensive exposure

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Start with Stops! (at Spreadbet Magazine)

The other week, I dropped in on Richard Jennings -- editor of Spreadbet Magazine. We talked about some of our mutual acquaintances in the industry, and our favourite stocks. We also popped out for a "steak sandwich" at the local Italian (as you do at an Italian restaurant).



The upshot is that I found myself contributing an article to this month's edition of the magazine. My original title of

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Trading with the Market's Money

Over at TRADERS' Magazine you can find my latest article Trading with the Market's Money. The tag line pretty much summarises the article:


"You're profitable when you take out more than you ever put in!"



And if you're interested, I can tell you that the real-life account used to demonstrate the point was an IG account.



Enjoy.



Three Steps to Better Spread Betting:

1) Buy the Better

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SOUND FX : The SOUND Approach to Foreign Exchange Trading

I told you several weeks ago that I was embarking on a project to write a new introductory book about foreign exchange (forex or fx) trading based on the MetaTrader 4 (MT4) trading platform provided by RPD FX -- a sister company of spread betting firm ETX Capital. Well, here is is:



Now Available as a Kindle Edition from Amazon.com or Amazon.co.uk, and as a Kobo book.
Now Available as a PDF

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Is the London Capital Group a Flatliner?

I noticed that one of the casualties of today's heavy sell-off was the London Capital Group. A quick look at its longer-term price chart (see below) caused me to notice also that it might now be categorised as one of the Flatliners.






According to the Peter Lynch principle, I should now be taking up a long position. Not because it appears to be flatlining, though that's good, but because it's

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Spread Betting the Flatliners

It shouldn't take a rocket scientist to figure out what I mean by a "flatliner"; it's a stock that has fallen a long way over a long period of time and whose price is just bumping along the bottom now that all the sellers have sold and no-one (for the moment) wants to buy. The best way to illustrate is with the following price chart for Aquarius Platinum (courtesy of InterTrader, don't miss out

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Rave Reviews of Ravee's Book

A few weeks ago I introduced you to Ravee Mehta's new book The Emotionally Intelligent Investor, which I had helped edit and publish.

Since then, I see that it has been selling well and attracting rave reviews on Amazon.com, so you might like to take a look at it. Of course, you can also get it from Amazon.co.uk. And before you ask: no, I don't get any royalties from sales of the book;

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Trade of The Week: Has Lonmin Bottomed Out?

If like me you've been trying to catch the Lonmin falling knife, you might be just about ready to throw in the towel. But you might be doing so at exactly the wrong time, just as the price has bottomed-out.

I'm not in the prediction business -- especially about the future -- but I think there are at least two plausible reasons to conclude that the price of Lonmin shares may now have bottomed out

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Can you guard against "Black Swan" events?

If you don't know what a "Black Swan" event is, you might first want to read Nassim Taleb's book The Black Swan, which has nothing at all to do with ballet dancers and everything to do with the effect that low-probability high-impact (and unexpected) events can have on your investments.

Over on the Motley Fool (UK), Tony Reading published an article titled "Three In Four Investors Fear A Black

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You Can Never Have Too Many Spread Betting Accounts!

The sensationalist headline "You Can Never Have Too Many Spread Betting Accounts!" is not exactly true, of course, because too many accounts can become unmanageable and time-consuming. But I believe that you do need more than one account, and ideally more than one account provider (because some brands are run by the same provider). Here's why:


I've lost count of the number of times I have

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Spread Betting with SpreadEx

I think it is important to spread your spread betting across a few different providers. So it you are using one or more of the spread betting brands run by the London Capital Group (fine though they are, and if you don't have one then you should get one) then you might want to look at one of the other entirely separate providers such as SpreadEx.






What I like most about SpreadEx is the fact

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Spread Betting with Spread Co

I think it's important to operate more than one spread betting account, for a number of reasons, not least because of the unlikely but not impossible risk of our trading counter-party going to the wall; as did World Spreads in 2012. Don't get me wrong, I got my money back from the World Spreads collapse via the Financial Services Compensation Scheme (FSCS), but it took a few months-- a few

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Spread Betting with ETX Capital

Regular readers will know that I have spread betting accounts with most providers. This is not only for journalistic reasons (so I can write about them) but also because their slightly different offerings means that they can be useful in different scenarios.

One of my longest-standing spread betting accounts is with ETX Capital. They are based in the City of London, and I have visited their

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Spread Betting with Capital Spreads

Regular readers will know that I have spread betting accounts with most providers. This is not only for journalistic reasons (so I can write about them) but also because their slightly different offerings means that they can be useful in different scenarios.

One of my all-time favourite spread betting companies is Capital Spreads, the award-winning home brand of the spread betting behemoth the 

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Spread Betting with InterTrader

Regular readers will know that I have spread betting accounts with most providers. This is not only for journalistic reasons (so I can write about them) but also because their slightly different offerings means that they can be useful in different scenarios.

Let me tell you what I think about spread betting company InterTrader. These are not the usual plus points of tight spreads and fast

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Spread Betting with IG

Regular readers will know that I have spread betting accounts with most providers. This is not only for journalistic reasons (so I can write about them) but also because their slightly different offerings means that they can be useful in different scenarios.

I don't have to choose just one spread betting provider, and I prefer not to, but if I did have to choose just one... do you know which one

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Trade of The Week: Sometimes It Pays to Average Down!

Most seasoned spread bettors and other traders will tell you that it is usually a bad idea to "average down" by adding more funds to a losing position, despite the obvious temptation to lower your overall purchase cost and therefore to break-even much sooner. I said as much in my Position Trading book. Then I had a re-think, and in the "Tricks of The Trade" chapter of my Better Spread Betting

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In and Out of Love with SpreadEx

I have to admit that I had fallen out of love with SpreadEx compared with some of the other spread betting brands like Capital Spreads, IG, InterTrader, and ETX Capital.

Now I'm growing to like SpreadEx again, because they offer two of the things I most like: guaranteed stop orders, and easy visibility of stop orders in the Financial Open Positions window, both of which are demonstrated in this

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Lucky Lamprell, or "How to Catch a Falling Knife"

It may appear a little strange, me using the headline "Lucky Lamprell" on the day that Lamprell shares gapped-down some 35%. But Lamprell has been a lucky stock for me in several ways...

1) On 26 July I told your about my Lucky Escape from Lamprell, i.e. how I had exited my long position the day before that day's massive price fall.

2) On 5 August I told you in my Update on Lamprell how I had

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Happy Birthday to Me!

It was my birthday the other day, and I was pleased to receive an email from Capital Spreads inviting me to claim a £50 top-up to me account. How kind of them!

On the same day, SpreadEx offered to cover my trading losses of up to £50 over a 48-hour period. How kind of them, too!

These sorts of offers won't make you a millionaire overnight, but they're nice touches.


Three Steps to Better

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