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How to Win at Spread Betting: An analysis of why some people win at spread betting and some lose by Alpesh B. Patel, Paresh H. Kiri

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Chapter 4: Winners Show How to Use Charting

“There are many methods for predicting the future. For example, you can read horoscopes, tea leaves, tarot cards, or crystal balls. Collectively, these methods are known as ‘nutty methods.’ Or you can put well-researched facts into sophisticated computer models, more commonly referred to as ‘a complete waste of time’.”

– Scott Adams

Winners had a couple of strategies

From our studies we found winners tended to have one or two simple strategies which they deployed. Losers were either non-systematic and opportunistic or they tended to change and flit between an armoury of many strategies.

Winners were essentially looking at ways of knowing when to get into trends. Those that used price charts ...

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