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More Fun than Forex?

by Christopher Temple on 2007-09-24


Why don't more traders in the financial markets recognise the many other trading opportunities that are out there. Many of those alternative markets are a lot more fun to trade too!

I really enjoy trading the Forex markets, but I'll also trade just about any other market including stocks and shares, commodities, cfd's and sports, in fact I'll trade any market with good liquidity, and where I have a good chance of coming out ahead in the long term.

I love investigating trading systems. Better still, I love testing and developing other people's systems to the point where I myself am absolutely confident that they will work for me and (equally important) make me lots of money. I don't mind whose the system is, and what market it is in, just so long as it works, or I can modify it to my requirements and make it work for me.

A few weeks ago a good friend of mine asked my why I didn't trade horses. Well - I've never been on a race course, and I used to think that people who enjoyed horse race betting were all mad - why bet on something as iffy as a horse race where even the tiniest problem (such as the weather, a cold, a trip, or even a loud noise) can bring about a catastrophe?

To be honest, I thought it was impossible to win money betting on horses. Far too many variables!

I have to admit that I've changed my mind. I like a challenge and have been carefully investigating the horse racing market (only as a trading exercise), and I have become confident that it is relatively easy to win big time in racing, although you must have the right information and the right system.

The internet brings the stats, far more than I can manage, and the problem is not finding the information I need to work out a profitable system, but to discard the dross and separate out the useful information from the rest.

The racing market is a giant industry and many people make a good living from it, supplying all sorts of vital information. It's all good and reliable information too, but all I search for is just enough to be able to trade at a profit!

Recently I found a very useful web site which reviews the top horse racing betting systems and links to over 30 other web sites offering low cost (most less than $100) horse racing wagering systems. At that site I located and invested in several horse betting systems that all seem to give me a good edge both for on-the-nose and place bets.

Even more recently I stumbled across the world of Betting Exchanges. These are internet betting and trading sites where I can avoid the bookies and pit my wits against other punters just like me, and on a totally level playing field (and without paying the bookie's usual huge premium). By using my Bet Exchanges, I can bet not only on a horse to win or be placed, I can also assume the bookie's role and lay a horse, that is to bet on it to lose.

I've also bought a Lay Betting trading or betting system too, and have been practicing it ever since.

So now I have several horse racing trading systems at my disposal, all of which give me (according to my calculations anyway) a statistical probability of winning over the long term. Now, when things are slow on the financial markets I can dabble with my horse racing gambling systems and make a few dollars there too.

Mind you, I do prefer to think of this activity as trading and not gambling, and interestingly - although I have still never been to a race track and rarely watch the races on TV - the whole process seems a lot more fun than Forex Trading.

To my trading colleagues out there - Take Notice! Get a happier and more fun- filled trading life! Trade horses too!

Mmmm that doesn't sound right, but you know what I mean!


About The Author: Chris Temple has a successful forex career. He has authored several titles about Forex, winning horse racing systems and on choosing the best winning horse racing betting systems Don't reprint this article. Instead, reprint a free unique content version of this same article.