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More Fun than Forex?
By : Christopher Temple
View : 0 Times
Why don't more traders in the financial markets recognise the many other trading opportunities that are out there. Many of those alternative markets are a lot more fun to trade too!
I trade the Forex markets (naturally) but I'll also trade stocks and shares, commodities, cfd's, football, actually I'll trade most sports. In fact I'll trade any market where there is plenty of liquidity, and where statistically I have a better than even chance of coming out ahead.
You've probably guessed that I love testing and evaluating trading systems. Even more, I like trying out, developing and evolving systems to the point where I am totally confident that it they make me appreciably richer. I don't care where the system comes from, and in what market it operates, so long as it operates for me, or I can twist it to my requirements and make it work as I would wish.
A few weeks ago a good friend of mine asked my why I didn't trade horses. Well - I've never been on a race course, and I used to think that people who enjoyed horse race betting were all mad - why bet on something as iffy as a horse race where even the tiniest problem (such as the weather, a cold, a trip, or even a loud noise) can bring about a catastrophe?
To be honest, I thought it was impossible to win money betting on horses. Far too many variables!
I have to admit that I've changed my mind. I like a challenge and have been carefully investigating the horse racing market (only as a trading exercise), and I have become confident that it is relatively easy to win big time in racing, although you must have the right information and the right system.
The internet brings the stats, far more than I can manage, and the problem is not finding the information I need to work out a profitable system, but to discard the dross and separate out the useful information from the rest.
The racing market is a giant industry and many people make a good living from it, supplying all sorts of vital information. It's all good and reliable information too, but all I search for is just enough to be able to trade at a profit!
I have found a very useful site which lists and reviews the best horse racing betting and wagering systems and with links out to more than 30 reasonably priced horse racing betting systems. It was there that I managed to locate and ultimately invest in several horse racing betting systems which seem to give me a good statistical edge both for win and place betting.
Even more recently I stumbled across the world of Betting Exchanges. These are internet betting and trading sites where I can avoid the bookies and pit my wits against other punters just like me, and on a totally level playing field (and without paying the bookie's usual huge premium). By using my Bet Exchanges, I can bet not only on a horse to win or be placed, I can also assume the bookie's role and lay a horse, that is to bet on it to lose.
I've also bought a Lay Betting trading or betting system too, and have been practicing it ever since.
So now I have several horse racing trading systems at my disposal, all of which give me (according to my calculations anyway) a statistical probability of winning over the long term. Now, when things are slow on the financial markets I can dabble with my horse racing gambling systems and make a few dollars there too.
However, I do insist on regarding this as trading and not gambling, and - although I have still not been anywhere near to a race track and don't watch it on the TV, it all seems a lot more enjoyable than my Forex Trading. Possibly because its still new to me!
Maybe that's because its new to me and the freshness hasn't yet worn off! So here's a message for my trading friends -widen your trading markets and have some fun while you work. Be a horse trader as well!
Be a horse Trader! I couldn't have really said that - surely!
About the author:
Chris Temple has a successful forex career. He writes titles about Forex, winning horse racing systems and on choosing the best winning horse racing betting systems
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