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.

For those that know Bet Exchange Traders it will come as no surprise when I tell you that it gives me huge pleasure when I hear about traders that are taking things very seriously, getting their greed under control and letting discipline rule their trading.

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.

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

Racing Traders the website who own and operate the Bet Trader Pro Betfair trading software application have put together a blog to help would be traders learn about trading on the betting exchanges. In Adam Todd's blog you will find examples of football trading, tennis trading, mistakes, lessons learned, world cup trading video's plus much more! Visit Racing Traders Blog!

A trader who is starting out should be thinking about which markets interest him. An ardent and hardened football fan may find the glories of the 18th green at Wentworth simply a bore, golf might switch him off as opposed to on and therefore his ability to trade a game of golf will from the outset be diminished. Visit Bet Exchange Traders

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

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.