Exact Trading

I run an internet trading room where I mentor traders and trade live with them. They look over my shoulder and they learn from me. By following me and seeing not only how I actually make decisions on when to trade but also how I manage my emotions once a trade is in place. Visit Bet Exchange Traders

If you have read some of the other posts of my blog, you will have seen that I mentioned attachment to money as one of the reasons why people fail in trading. In case you think I am cooking up someone elses broth here and rehashing old ideas, this isnt the case. I believe a study of attachment to money as regards trader failure is a first.

In an earlier blog I quoted the well known statistic that over 90% of traders do or eventually will lose some or all of their money. I also mentioned that many qualified and intelligent people come to the market and very surprised when they find out how difficult it is to make money. In this blog I will cover some of the reasons why this is so.

You'll need to keep in mind the type of event you are trading and to adjust your risk profile accordingly. It might seem obvious, but trading the same football match in play as opposed to trading and waiting for the final result of the game when the match is either not in-play or as a trader you chose not to trade are two completely different things. So what is the difference?

One of the most frequent questions I get from clients is the one which says something like Why is that everytime I put a trade on it immediately goes against me? Please help!! Sound familiar? Been there, done that, bought the T-shirt? If the answer is yes then you need to step back and ask yourself why it is that this happens. There has to be a reason for this and the good news is that there is and that with some education and practice you can get the issue sorted.

Part of Trading is always looking around you in order to try and relate real life situations to what happens in the market. Try this and it will help your trading I guarantee it. Many people get very upset with themselves and the market in general when it refuses to perform or behave in the same way two days in a row.

Do you struggle with your Betting Exchange Trading because of your win ratio? Perhaps you need a win ratio which suits your personality and psychology. As a trader your own mental well being and happiness are of paramount importance to your own success.

I am constantly receiving emails from people whose sole purpose in life is to ditch the 9 to 5 life and settle down to the riches and rewards of life as a betting exchange trader. Indeed the very reasons I created the pro Exchange trading Manual, Trading Post and the Live Trading room was for people to be able to achieve their ambitions. Visit Bet Exchange Traders

When I looked at all the layers on betfair who unlike their rails counterparts of days gone by, but very much like Red Robbo where all lined up ready for to lay Barcelona to win, I remembered that Hennessey Gold cup experience. And just as it was at Newbury when the favourite got beaten, Chelsea by virtue of a questionable penalty were able to level the score line in the dying seconds of the game and the layers held the day.

We traded another two top football matches this week and we did very well out of them thank you. The Liverpool V Benfica match I'll cover at a later date. Chelsea V Barcelona was billed as the match of the year so far, but from a spectator point of view failed to deliver.