Where oh where am I going wrong ??????
Hi guys , I really hope someone can help , I've traded binary options with moderate success but quit after the banks were found to be manipulating the markets, really enjoyed trading so looked at betfair and my research led me to betangel , I watched the pre race markets avidly , did my due diligence etc but I'm still a newbie , decided to sign up , thought I'd try to learn by watching but also build up my bank in small increments at same time as confidence builder , so tried the " win whatever er the results" system that is on betangel tv .... exactly the same settings as Peter but with £2 stakes , and guess what , My bank is smaller , I keep losing money , I follow the instructions , never attempt another trade til exsisting one has fully matched etc up I'm still constantly losing ..., where am I going g wrong ? HELP pleeeese
Are you talking about the video that Peter made 7 years ago? If so, that's not really a "system" per se, it was just a demonstration on how trading and Bet Angel work since it was the very first video he uploaded on YouTube.
It was a very simple demonstration on how to do a bit of scalping by using the tick offset and fill or kill features. Scalping in general has become a lot more difficult over the years so you should probably stop doing that and try and learn more instead. You need to do a lot more research than that to get to grips with trading in general, check out some of the newer videos on BA YouTube channel.
It was a very simple demonstration on how to do a bit of scalping by using the tick offset and fill or kill features. Scalping in general has become a lot more difficult over the years so you should probably stop doing that and try and learn more instead. You need to do a lot more research than that to get to grips with trading in general, check out some of the newer videos on BA YouTube channel.
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tomallen123
- Posts: 113
- Joined: Mon Nov 01, 2010 1:52 pm
Impossible to say where you're going wrong without seeing your trades. It takes most people 1-2 years before they become profitable so you can't expect to be profitable straightaway.
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tweebie1999
- Posts: 89
- Joined: Tue Dec 21, 2010 9:23 am
I am afraid there is no short cut. You have to put the time in to understand how the markets work. Most people on here have lost money before they became profitable. It seems to be part of the learning process.
The starting point is trading at random. Just put an order into the market and see what happens. 50% will go in your favour, 50% against you. That's a lot better than most people manage, ever! Next look for ways to eradicate the losing trades. To do this take notice of trends on the graph, the weight of money, what the prices of the other horses are doing and where the traded range is. Always put your money into the market at a place where it has maximum chance of turning in your favour. In this way you will start trading in profit. As you watch more and more markets you will become better and better.
Use Betangel's practice mode for a few days and then move onto minimum stakes. Watch Peter Webb's video about random trading. Its somewhere on Betangel TV. In fact watch all the videos on Betangel. Btw scalping has become very difficult on horse racing so look for directional approach.
The starting point is trading at random. Just put an order into the market and see what happens. 50% will go in your favour, 50% against you. That's a lot better than most people manage, ever! Next look for ways to eradicate the losing trades. To do this take notice of trends on the graph, the weight of money, what the prices of the other horses are doing and where the traded range is. Always put your money into the market at a place where it has maximum chance of turning in your favour. In this way you will start trading in profit. As you watch more and more markets you will become better and better.
Use Betangel's practice mode for a few days and then move onto minimum stakes. Watch Peter Webb's video about random trading. Its somewhere on Betangel TV. In fact watch all the videos on Betangel. Btw scalping has become very difficult on horse racing so look for directional approach.
u need to learn how to read the market.
say 3 or 4 mins before race , just see the money coming through for certain horses and be on the side of the larger money be it for or against...so really watch for the cash to show and be with it...then come back over the top to green up if you wish
say 3 or 4 mins before race , just see the money coming through for certain horses and be on the side of the larger money be it for or against...so really watch for the cash to show and be with it...then come back over the top to green up if you wish