Here we are in a brand new year, and if you’re anything like me you’re keen to squeeze as much cash as possible out of your computer this year! Call me old school but the idea of sitting in front of a computer at home and making money with no boss, staff, stock, premises or customers still blows me away.
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You may be wondering why we decided to call our newsletter The Scalper and don’t exactly know what the term ‘Scalping’ means, so let me explain. Scalping is a term used to describe extremely short term trading, on any market, where the trader is going for very small, quick profits.
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Successful trading is a skill that can be learnt like any other skill, but don’t expect to hit the ground running. But with time, patience and discipline it’s not that hard and can provide you with a useful second income or even a full time living if you approach it with a professional attitude.
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The second step is to make the scratch trade second nature. The scratch trade is where you Lay and Back the same amount at the same price. Sounds pretty pointless? Not really. As a scalper you will be going for small 1 and 2 tick profits and as such you need to become fanatical about avoiding losses.
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The Hedge button allows scalpers to ignore the results of the race. If you don’t use the Hedge button then any profitable trades that you have made on the favourite will only pay off if the favourite wins.
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My brother, James, joined RacingTraders six months ago and made an immediate positive difference to the company. Those of you who have been using BetTrader PRO for a while might remember just how crap our customer support used to be! James has changed all that and he prides himself on answering all emails as soon as he gets them and giving everyone personal attention.
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Betting exchange trading rooms are popping up all over the UK! For about 30 pounds a day, the centres set you up with your own personal workstation and internet access. They are designed to give you the tools to improve your overall trading performance. Another advantage is that you can learn from other punters who are doing the same thing you are doing.
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