Horse Racing is a Fun-Filled Way to Trade?

I don't think many traders appreciate the wide choice of alternative markets that are available to them.

I trade the Forex markets (naturally) but I'll also trade stocks and shares, commodities, cfd's, football, actually I'll trade most sports. In fact I'll trade any market where there is plenty of liquidity, and where statistically I have a better than even chance of coming out ahead.

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 months ago a friend of mine demanded to know why I didn't tray trading the horses. Hmmm! I hadn't thought of that! I've never been on a race course, and I used to think that people who loved horse racing betting were all crazy - why bet on something as uncertain as a horse race where the slightest problem (weather, a cold, a trip, even a loud noise) can cause me a financial disaster?

To be frank with you, I thought nobody could possibly win money betting on horses. Just too many intangibles.

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 net provides the data, (far more than I can possibly manage) and my problem is not locating the information I need for a cost-effective system, but separating out the good information from the less good.

This is a HUGE multi billion dollar industry and a lot of people make a good living supplying and managing this information. It's all good, useful stuff too, but all I want is the smallest amount possible that still leaves me able to trade at a profit.

I have located a really useful site with reviews and articles on the best horse racing betting and wagering strategies, which links to over 35 modestly priced (no more than $100) horse racing betting systems sites. Here I invested in some horse racing betting systems which seemed to offer me a serious advantage both for "first " and "place" betting wins.

I also recently discovered the magic of the online Bet Exchange, where I can bet against other punters like myself on an equal footing (and avoid paying the bookie's massive financial premium). By using a Bet Exchange, I can bet on a horse to win or to be placed as usual. Less commonly (but very usefully), I can now take the bookie's place and "lay" horses to lose.

I've obtained a "Lay Betting" trading system at my favorite site and been testing and practicing it with good results.

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.

However, I do insist on regarding this as trading and not gambling, and - although I have still not been anywhere near to a race track and don't watch it on the TV, it all seems a lot more enjoyable than my Forex Trading. Possibly because its still new to me!

Maybe that's because its new to me and the freshness hasn't yet worn off! So here's a message for my trading friends -widen your trading markets and have some fun while you work. Be a horse trader as well!

Did I really say Trade Horses? Well, I'm sure you understand me!

Article Source: http://www.christiannotepad.com

Chris Temple has a successful forex career. He has authored many titles about Forex, winning horse racing systems and on choosing the best winning horse racing betting systems
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