I'm currently 18, almost 19, in University and I gamble for most of my income.
I came across betfair trading as a way to gain a secure income after reading online and seeing it seems to be quite reliable with relevant experience ect. A few questions:
What bank would you want to be starting with to gain a decent profit each month, (£1,000+)
How long would it take to 'master' this so I can make the regular profits
Is it realistic to start now, or is it a hard thing to get into.
Thanks
New here, few questions
Its a fairly broad question, so can only really give a broad answer - first there are profits to be made from trading its never to late to start however it does require a lot of hours and hard work to master but you will get plenty of help and advice just from this forum if your willing to put the effort in, there is 100s of approaches and ways to profit from the sports market and you only need a small edge in one or two of these approaches to make a good living - yes the price can only move up or down and you tube vids can make it look like easy money - although it looks fairly random the traders are using years of experience and looking at several factors to influence there desision when entering and exiting the market and the time at which they do so.
Learning time is different from one person to the next and unfortunetly some just are unable to do it, alot is down to how much time and effort your going to put in, not just actual trading but reading, watching vids & research to gain a understanding of how markets work - a very broad guide may be considered to be upto 10'000 screen hrs to reach a very high level of experience, but as the markets are always evolving we are all continuously learning each day.
In calander time if you can be only in a small minus figure or even breakeven after 3-6 months thats a fantastic start and something not many manage, 12-18 mths for constant regular profits - afterwards the profits should now just start to increase as your bank and experience does.
Give it a try in practice mode and then with a small bank - first you should enjoy it then as you gain screen hours that enjoyment can lead into a income, then a part-time wage, then full-time wage and for a few eventually life changing amounts.
Learning time is different from one person to the next and unfortunetly some just are unable to do it, alot is down to how much time and effort your going to put in, not just actual trading but reading, watching vids & research to gain a understanding of how markets work - a very broad guide may be considered to be upto 10'000 screen hrs to reach a very high level of experience, but as the markets are always evolving we are all continuously learning each day.
In calander time if you can be only in a small minus figure or even breakeven after 3-6 months thats a fantastic start and something not many manage, 12-18 mths for constant regular profits - afterwards the profits should now just start to increase as your bank and experience does.
Give it a try in practice mode and then with a small bank - first you should enjoy it then as you gain screen hours that enjoyment can lead into a income, then a part-time wage, then full-time wage and for a few eventually life changing amounts.
Dallas is factually correct..but i would say if you are at UNI you will fail in your studies if you give the time necessary to become competent at Sports Trading. I am now retired and can give it the hours necessary...but there is no way i could have spent the necessary time when i was working. You could play at it with tiny stakes in Practice mode to get the hang of how it works..but unless UNI is just a laugh for you..i suggest you should concentrate on your studies..it will be difficult to give the necessary time to both!
Forget about making £1000 a month, just learn how the game works and any profit is valuable knowledge once you've left uni
Stick to what's important.....getting pissed, shagging fit birds and the exams themselves - you decide the order of importance!
Stick to what's important.....getting pissed, shagging fit birds and the exams themselves - you decide the order of importance!