I love to trade in the Forex markets (well it is my job) but I also enjoy trading stocks, shares, commodities, soccer, or indeed any sport. In fact I like to trade any market where there is high liquidity, and where the numbers tell me that I have a very good chance of financially coming out ahead over the long term.
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 honest, I thought it was impossible to win money betting on horses. Far too many variables!
Well I've changed my mind. I enjoy a challenge and in recent times I have been looking seriously at trading the horse racing scene (purely as a trading exercise), and I have become convinced that it is possible to win really big time in this arena, just so long as you have the right stats 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.
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!
So come on you boring financial traders, drag some fun into your trading life, explore the world of Horse-Trading!
Be a horse Trader! I couldn't have really said that - surely!
Christopher Temple has sinced written about articles on various topics from Forex Trading Forex, Horse Racing and Finances. Chris Temple has a successful forex career. He writes titles about Forex, are available with free reprint rig. Christopher Temple's top article generates over 720 views. to your Favourites.
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