I don't think many traders appreciate the wide choice of alternative markets that are available to them. 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. I love investigating trading systems. Better still, I love testing and developing other people's systems to the point where I myself am absolutely confident that they will work for me and (equally important) make me lots of money. I don't mind whose the system is, and what market it is in, just so long as it works, or I can modify it to my requirements and make it work for me. Recently a friend suggested that I trade race horses. Now - I don't ever go to horse racing tracks, and I used to think that people who loved horse racing betting were crazy - why would anyone bet on something as uncertain as horse racing where the least problem (weather, a cold, a stumble, even a loud bang) can cause a disaster? To be frank with you, I thought nobody could possibly win money betting on horses. Just too many intangibles. 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 supplies me with the statistics, (much more data than I can cope with), and the problem is not in finding the data I need to design a profitable system, but to discard the nonsense and retain the useful information I seek. This is a HUGE multi billion dollar industry and a lot of people make a good living supplying and managing this information. It's all good, useful stuff too, but all I want is the smallest amount possible that still leaves me able to trade at a profit. I have located a really useful site with reviews and articles on the best horse racing betting and wagering strategies, which links to over 35 modestly priced (no more than $100) horse racing betting systems sites. Here I invested in some horse racing betting systems which seemed to offer me a serious advantage both for "first " and "place" betting wins. I also recently discovered the magic of the online Bet Exchange, where I can bet against other punters like myself on an equal footing (and avoid paying the bookie's massive financial premium). By using a Bet Exchange, I can bet on a horse to win or to be placed as usual. Less commonly (but very usefully), I can now take the bookie's place and "lay" horses to lose. I've invested in a Lay Betting system to add to my collection, and have been studying it and practicing with it ever since, and not doing too bad. Now I possess quite a few good horse racing trading systems, all of them give me (according to my estimates anyway) a strong statistical likelihood of making me good money over the long term. And now, if things are slow on the forex markets I can switch to my horse racing gambling systems and earn some dosh there too. Mind you, I do prefer to think of this activity as trading and not gambling, and interestingly - although I have still never been to a race track and rarely watch the races on TV - the whole process seems a lot more fun than Forex Trading. To my trading colleagues out there - Take Notice! Get a happier and more fun- filled trading life! Trade horses too! Mmmm that doesn't sound right, but you know what I mean!
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I don't think many traders appreciate the wide choice of alternative markets that are available to them.
Chris Temple is a successful forex trader. He has written many titles about Forex, winning horse racing systems and on finding the best winning horse racing betting systems Click here for other unique winning horse race systems articles.
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