BetonMarkets Trading Log

Someone new to BOM must take some time in learning the navigation of the site and pricing the various types of wagers in the various markets. Since not all the wagers available to be used are suitable to the strategy chosen, it is important to know and understand each of the different wagers.

First on the menu are the doubles. These can be double up or down, intraday up or down, and super doubles. For the double up or down, the player thinks that the price of the underlying will close higher or lower than the current price (a commission in the form of a spread will be added to the current price). The next one is intraday up or down. The player bets that the price will be higher or lower at some point during the session but at least ten minutes away from the starting point. The commissions on these are three times worse than on double up or down bets.

The last one on this type of wager is the super doubles which is a combination of the two intraday bets that pay odds minus a commission. This bet is for pure gamblers and there is no way to get an edge even if you are a good daytrader.

The next type of wagers are the expiry bets - these can be bull, bear, and range. For bull or bear, one is betting on the price of the underlying being above or under a particular price on a future date. This a pure trading wager since the commissions are determined based into the pricing. When it comes to ranges, the betting of the underlying will be between two particular prices on a future date.

For the boundaries type, there is one touch, no touch, barrier range, double touch, and up or down. In a one touch, a wager of the underlying will come to the point of a target price on or before of the expiry date. When the underlying will not touch the target price on or before, it is called no touch. The barrier range is simply a combination of two no touch bets. A double touc must reach the price target twice somehow and is pure gambling.

Finally, there are spread bets. Spread bets are like trading in real future contracts since they require margin and will be closed by BetonMarkets if the market goes against your position enough to trigger a margin call. Alternatively, there are also bull stop and bear stop bets. This is quite the same as the spread bets but they require a stop loss point rather than margin and are therefore more manageable.

As a BetonMarkets player you should be familiar with different financial betting strategies. Some examples from the ebook Beat BetonMarkets include the intraday break out, big picture positioning, one-touch trend reversal, NASDAQ straddle and barrier range, price tracking for value, and playing the public.

The intraday break out can be played on indices and currencies. This entails watching the market the entire day to make sure that everything is working on the right track. The wager that can be used is the double up or down. A more difficult wager that can be applied is the super double strategy. Time and patience are required to play this one correctly. Around 65% of the bets win and this is the consolation for the efforts exerted. This is a bit boring for some people and a little impractical.

The next strategy is big picture positioning. It is the complete opposite of the intraday break out. It is best applied to indices, currencies, and gold. The bets are for the long term and have very low returns on the amount staked. The main attraction for using it is that they almost never lose. The wager that can be used is the no touch bet that is really dedicated to long term frames.

Another strategy is the one touch trend reversal. It also works best on indices and currencies like the intraday break out. It is almost similar to the first strategy since it calls for time as an investment. This one requires almost every day monitoring and tracking of short term markets. However the tracking can be done any time of the day. This means any slack time in a day is acceptable. The one touch bet is used for this system. The wager must be on the opposite direction of the recent trend. This is a bit difficult since you will be picking tops and bottoms.

The NASDAQ straddle and barrier range strategy works best on a volatile trading vehicle such as the NASDAQ index. The bets are made for the shortest terms possible which are a period of six days on the market. The partner of this is the one touch or the barrier range. For those traders that closely follow the stock market trends, it is a good strategy to be employed.

The second to the last strategy from the Beat BetonMarkets list is price tracking for value. The person that uses this strategy is very interested on the return that will be earned from the bet. If the person is also dedicated to bargain hunting, this is the strategy that is fitting more than anything else. It can be integrated to the other strategies as well when there is time to do so.

The last one is the playing the public strategy. This entails organizing the thinking that it is not the market that is the opponent but the other players in the industry and using the public betting information to find profitable positions against the crowd.

BetonMarkets offers a wide range of indices (Dow Jones and FTSE 100), currencies, and US and UK stocks/shares, and Gold. Also a wide variety of ways to trade and a time frame as little as 10 minutes or as long as 6 months.

But why is this leading financial betting site your best choice for online betting?

- A trade can be for as little as five dollars.
- No fees or commissions to pay.
- You can get leverage.
- There’s an option of trade and walk away, no need to put in stops.
- Your maximum loss of any bet is strictly limited to the amount you bet.
- There’s a lot of markets to choose from – 50+ and adding.
- All profits are tax-free.
- Different bet types. Meaning you can trade and win whether the market is rising or falling even trading sideways.
- Quick and free to open account and only takes seconds to place a bet.
- Tailor specific bets based on your requirements.
- There’s a free 10,000 pound demo account you can use for practice trading and testing purposes.
- Same feature with spread-betting and other forms of trading, you can place orders to your market positions to limit losses or take the profits early.
- Availble charting facility with real-time forex charts.

Suggestions for Getting Started

As many suggest (especially for novice traders), it is better to open a demo account to practice betting. For experienced traders the website offers a manageable way of betting; from the login and sign up section that can be easily seen by players, on the spot bet purchase at the front page, up to the four easy to access tabs at the upper right hand corner of the page; the start betting tab, cashier’s tab, resources tab, and the charting tab.

The Start Betting Tab helps you choose the type of bet/ wager you want to play whether you’ll be using forex, indices, or stocks. It even offer it’s a user-friendly feature for novice players showing the details of each bet and easy to understand sample chart for each bet.

The Cashier Tab is where you can place a deposit or make a withdrawal of a profit. It shows you the payment methods available and payment agents who can assist you.

The Resources Tab is consist of six categories helpful for your specific needs. Inside there’s the:

1. Market Opening Times to view the list of opening time for all markets that bets can be placed on.
2. Price Browser ro check the prices of the wide range of bets available.
3. Range Browser to view the bets that will earn a given percentage profit.
4. Range Matrix to view the returns a bet will make for different durations.
5. Average Positions is use to view the clients aggregate positions.
6. Public Orders where you can buy bets from other BOM users to a certain price.

The Charting Tab is where you can use sample charts with wide variety of options for either short term or long term trading. These charts are use to plot SMAs that can be helpful before placing a bet.