As is clear, at the moment I don't know too much about this area and there are many others with a much better understanding but hopefully in the coming months I can contribute a lot more as I wind back my input on the racing side and increase my financials knowledge.
There are various things I want to raise and explore on this thread, but to get things kicked off, we are currently in a very volatile period with plenty of movement in prices. But what about during 'normal' times. You aren't going to get so much price movement.
In sports trading there are three ways to earn more:
1. Trade more in terms of time
2. Trade more per tick
3. Trade more ticks, e.g. more volatile markets, do more trades
At the moment in the financials there is plenty of opportunity in number 3. But normally you don't get this kind of movement do you? So what are the options, 1 & 2?
With 1 it brings me on to the hours, with racing the markets are 2pm to 9pm roughly during summer and 1pm to 5pm in the winter. Obviously financials markets follow the sun, but are there better times to trade than others, for example when America and the UK is open? Or does it matter more about what you specialise in?
What hours would you roughly expect to work?
And 2 brings about the discussion of trading bank. Does anyone have a view on the size of bank you need and how much you can expect to make? What are peoples views on leverage?
That will do to begin with I guess but hopefully this thread and others can become a useful tool to play around with ideas and help people thinking of making the switch.
Or I could just be talking rubbish
