New to Betfair and Trading

[bwpp40]

Hi Everyone,
I am contemplating purchasing the BetAngel Pro software to assist me on my road to trading 'part-time' I believe that I understand the very basics of trading on Betfair. I am currently trading the financial markets.

I have come from a spreadbetting background, and have a few years under my belt spreadbetting both shares and indicies, quite successfully from a win/loss ratio, but not from a profit loss perspective. The spreads and difference in price that the SB companies offer are just too large, and quite often their own platforms take you out of a trade before you stop-poss is hit. Well that's my experience, which may very well be different for other traders.

This is why Betfair trading has really caught my eye for the following reasons:

* Know exact what your potential loss will be (better value than SB binary bets)
* Ability to create an all green trade
* Minimal financial outlay
* More market prices on offer by hoards of other traders, rather than just from a single SB company.

The above is my impression of the benefit of BF Trading.

My plan of attack before purchasing the software is to have a solid understanding on the market type I intend to trade on, and to try and gauge when to buy low and sell high, (back at a higher price, then potentially lay at a lower price. I would really appreciate it if anybody could point me in the correct direction using specific BA Pro Tools to understand current and potential market/price direction. I have started reading the user guide that accompanies BA Pro, but I have to say with my limited understanding of the tools that are available I am finding it difficult to grasp which tool and how to use that tool(s) to achieve a profitable outcome.

Last but not least. If my overall understanding of the software is correct, it provides you with the tools that assist in when to buy low and sell high. If there are literally tens of thousands of people using this software, at the same time for the same markets it almost becomes a free for all where everyone is fighting for the same money, at the same time, first come first serve basis.

I look forward to your response(s).

Many thanks.
Trend9am