Newbies Trading in the Dark

[Benedict]

Thanks for the advice man, good stuff.

[DarkHorse]

No it doesn't.

[harada57]

If I upgrade, does it get rid of all my current settings?


คาสิโนออนไลน์

[covs67]

Hi All,

it's probably been mentioned on this forum before but if it has it cant do any harm to mention it again. Adam (Todd) wrote some good articles on scalping in an e-magazine. Down to earth, short and to the point and entertaining reading.

You might want to have a gander

http://ezinearticles.com/?expert=Adam_Todd

cheers, MC

Yes, Adam Todd really did some great job on Scalping.

[tige1987]

hey

I like it. good software

[dvwooly]

Any further posts from this bloke, I like the way he has tried to understand the Market. My background is hedge fund trading so I can identify with what he is saying. Interesting posts.

[jmf]

Climbing back up the hill

All very good advice. Particularly the one about not making mistakes. Even if your plan works, I have found a moment's attention lapse or forgetting Step 5 in your 10 step checklist can lead to very frustrating losses. As always, it takes a lot longer to walk back up the hill than it does to get to the bottom.

[jakes]

Couldn't agree more with Fatcat, very good read

[Fatcat]

Great post.

Even though I have been trading for some time, this post was an enlightment.

[CPC]

Geek you said you don't agree with everything that the op said. What specifically do you disagree on?

[Morgans Choice]

Hi All,

it's probably been mentioned on this forum before but if it has it cant do any harm to mention it again. Adam (Todd) wrote some good articles on scalping in an e-magazine. Down to earth, short and to the point and entertaining reading.

You might want to have a gander

http://ezinearticles.com/?expert=Adam_Todd

cheers, MC

[LuckyYou]

Having stumbled upon this forum recently I have found it exremely interesting. One thing it shows to me is how there is such a great variety of approaches to achieving profit on betting exchanges. The only thing I feel is consistent is how important it is to achieve an edge. I do very little one tick trading as such-instead I have used the betting excahnges to increase previously profitable betting on good value odds on very particular events. I have two specific sports that I have quite extensive knowledge of and the ability to trade in running can make such a difference to your overall loss column however if things arnt going according to plan-again this is of course very subjective but I feel the biggest problem somebody new to betting exchnages will have is not selecting the right events to trade on. I only select very specific events-generally particular tennis matches and very specific horse races where I feel that you can predict as best as possible the most likely outcome and where the odds on offer may be quite unbalanced with regard to your own particular system of valuing the outcomes.The great advantage of betfair for example in this regard is that the profits on a good outcome can be sometimes quite significantly more than standard bookmakers-which can be very significant to your long term profit and loss. I guess the main point I am making here is that somebody starting on the betting exchanges without either a firm understanding of general financial trading and/or sound knowledge of value assessments for individual sports will find it extremely hard to achieve any significant profits.
Thanks again for some thought provoking advice

In that matter - Pinnaclesports (*I am not making advertisement* If someone decide I am making please delete my post ) Have very good betting tips! And they are totally knowing what they do - educating the bettors/traders will give them knowing of what is the best for them and where they can find the best odds - Betfair is one of these places.
I am talking about pure betting too, but the most important in trading/betting is to know the very simple rules of what you are doing - How the odds are created, How the prices are created. How the prices move in that direction, not in the other, WHY DO THEY MOVE LIKE THAT, when the price is in overbought/oversold position for example (ok this last is a bit advance).
I am afraid if you don't know how the system works you can never get out of it (or achieve what you are after).
Unfortunately ( or not ? ) the vast majority of traders/bettors can not achieve that, or don't have another perseverance do to it.
It is never easy as it looks like.

[skiddaw]

thoughts

Having stumbled upon this forum recently I have found it exremely interesting. One thing it shows to me is how there is such a great variety of approaches to achieving profit on betting exchanges. The only thing I feel is consistent is how important it is to achieve an edge. I do very little one tick trading as such-instead I have used the betting excahnges to increase previously profitable betting on good value odds on very particular events. I have two specific sports that I have quite extensive knowledge of and the ability to trade in running can make such a difference to your overall loss column however if things arnt going according to plan-again this is of course very subjective but I feel the biggest problem somebody new to betting exchnages will have is not selecting the right events to trade on. I only select very specific events-generally particular tennis matches and very specific horse races where I feel that you can predict as best as possible the most likely outcome and where the odds on offer may be quite unbalanced with regard to your own particular system of valuing the outcomes.The great advantage of betfair for example in this regard is that the profits on a good outcome can be sometimes quite significantly more than standard bookmakers-which can be very significant to your long term profit and loss. I guess the main point I am making here is that somebody starting on the betting exchanges without either a firm understanding of general financial trading and/or sound knowledge of value assessments for individual sports will find it extremely hard to achieve any significant profits.
Thanks again for some thought provoking advice

[Knight Rider]

No matter how one may think himself accomplished, when he sets out to learn a new language, science, or the bicycle, he has entered a new realm as truly as if he were a child newly born into the world.
(Frances Elizabeth Willard - How I Learned to Ride the Bicycle: Reflections of an Influential 19th Century Woman) link
.

Related link - Inspired bicycles :Brilliant

[lewismbet]

If people only knew how hard I work to gain my mastery, it wouldn't seem so wonderful at all.—Michelangelo Buonarroti


Always felt this quote was applicable to new traders who look at the 'magical' full timers.