CFDs Made Simple: A Beginner’s Guide to Contracts for Difference Success
By Jeff Cartridge and Ashley Jessen
Synopsis:
In this book, Jeff Cartridge and Ashley Jessen attempt to offer those with no prior experience the tools and knowledge they need to get involved in the CFD trading world. From looking at common mistakes that traders should avoid to explaining the complex concept of leverage, this is a book that dispels myths around CFDs for those who are new to trading them.
Review:
Covering a range of salient topics, including order types, risk management and the impact of the margin-based trading system used by CFD platforms, there’s plenty of information on offer in this book.
The authors have plenty of experience in the field. Jeff Cartridge is a trader and a trading teacher with clients such as Pavilion Securities and CMC Markets, while Ashley Jessen is also a trading expert.
The book is particularly good at explaining ideas and concepts that traders often come across, such as the difference between market makers and direct market access. It’s specifically aimed at those who have been trading shares but who now want to make the switch to derivatives.
Cartridge and Jessen’s book has been designed with the newer CFD trader in mind. It’s worth noting that it’s not quite as long as some of the other books on the market, and the level of detail may be a little too thin for those who already grasp the concepts involved in CFD trading.
To conclude, this is a great book for those who are starting out in the CFD world – and who want to get to grips with what can sometimes be a tough nut to crack.
Details:
ISBN-10: 0730375684
ISBN-13: 978-0730375685
Format: Paperback
Length: 264 pages
Publisher: Wrightbooks
Publication Date: February 22, 2011
Language: English
