Reading Markets and odds etc

[sjeroe]

Hello all,

New to this forum, but seems to be really helpful for us novices. Can somebody please point me in the right direction and advise how I can learn to read markets and also learn how and why odds move etc etc, as I am in a total world of confusion as to where to begin. I am prepared to put the hours in and appreciate there is no magic wand to success in trading, but as a newbie, it is so difficult to establish where I can begin to understand market movements and the odds. Many thanks, any assistance is very gratefully received.

[neeeel]

http://www.geekstoy.com/forum/showpost.php?p=21964&postcount=4

only way you are really going to learn is by getting in there, observing the markets, messing around and seeing what happens.

[Knight Rider]

All the best threads and posts make in it in here Tradepedia. Should save you some time but there is no substitute for experience.

[1/4 of a millionaire fund]

Hello all,

New to this forum, but seems to be really helpful for us novices. Can somebody please point me in the right direction and advise how I can learn to read markets and also learn how and why odds move etc etc, as I am in a total world of confusion as to where to begin. I am prepared to put the hours in and appreciate there is no magic wand to success in trading, but as a newbie, it is so difficult to establish where I can begin to understand market movements and the odds. Many thanks, any assistance is very gratefully received.

Spend sometime thinking about how an exchange works and why you think markets move, could be things like Rooney injured, Man U drift, Hugh Taylor tips one it gets backed in , bookies laying off liabilities etc etc.

Don't blindly chuck money into the exchange without some idea of where you think the market will move. At least if you get it wrong you can analyse why it went wrong. Plenty of new traders will just flick money into the market and think that experience of real trading will show them all they need. But if you don't have any plan to prove either right or wrong you'll be wasting your time as alot of those winning trades will just be down to luck.

[crikey]

Hello all,

New to this forum, but seems to be really helpful for us novices. Can somebody please point me in the right direction and advise how I can learn to read markets and also learn how and why odds move etc etc, as I am in a total world of confusion as to where to begin. I am prepared to put the hours in and appreciate there is no magic wand to success in trading, but as a newbie, it is so difficult to establish where I can begin to understand market movements and the odds. Many thanks, any assistance is very gratefully received.

hi sjeroe

a basic but good place to start regarding reading the horse markets and why/how odds move is to watch for 'price action'.


for example -

1st favourite's price is coming down - 2nd favourite should go up

1st favourite's price is going up - 2nd favourite should go down


the key word here is 'should'........price action works best when there are clear 1st, 2nd and 3rd favourites. if you have two 1st favs or two 2nd favs it gets a bit harder to read.


to check price action for yourself try having open only 2 ladders on the toy. put the 1st and 2nd favs in the ladders.

watch what happens to the 2nd fav's price as the 1st fav starts to move.


once you get into the 'zone' and can start to see the up/down pattern then it's just a matter of timing to achieve a successful trade.


good luck!

[1/4 of a millionaire fund]

Also don't try and be a jack of all trades to start with, all markets have their own particular quirks and trying the same strategies with them all won't work. Alot of people trade the horses just because they're all year round and decent liquidity but they're probably not the easiest of markets to get to grips with.

Plenty of people on here make a very decent living trading markets like tennis, football,rugby etc because their knowledge of the sport gives them that added edge.

[attheraces]

Hello all,

New to this forum, but seems to be really helpful for us novices. Can somebody please point me in the right direction and advise how I can learn to read markets and also learn how and why odds move etc etc, as I am in a total world of confusion as to where to begin. I am prepared to put the hours in and appreciate there is no magic wand to success in trading, but as a newbie, it is so difficult to establish where I can begin to understand market movements and the odds. Many thanks, any assistance is very gratefully received.

I still find these points are very true (scroll down to "entry points")

http://adamheathcote.blogspot.com/search?updated-max=2009-06-24T16%3A32%3A00%2B01%3A00&max-results=8

Scroll down to "exit points"

http://adamheathcote.blogspot.com/search?updated-max=2009-07-30T15%3A01%3A00%2B01%3A00&max-results=8

The best blogger (Leonthefixer) stopped his blog because of abuse by a small band of wankers!!

Regards

[jibiko]

You can find the above mentioned points in many books in the TT_library
(& much, much, more useful things).

They are some generic entry n exit points.



p.s.

Pointing a newbie, to the above mentioned shithole, is not the wisest of moves, inmho.

jibiko, just another noob