Those who approach horse-trading are immediately asked: how do I operate in these markets?
I state that it is not easy and the topic would require several pages of explanation that I will try to summarize in this and in the next articles on this blog.
” PRE-RACE ” horse trading (before the race starts) is generally considered safer for the beginner than ” IN RUNNING ” (started race) horse trading .
It gives time to a novice trader to evaluate things completely and avoid being deceived by sudden market movements, sudden and often unpredictable movements that can turn out to be rather scary.
For novice horse racing traders, there is too much activity going on after the ” THEY ARE OFF ” which can easily activate the so-called ” FAT FINGER ” (fat finger) a click error that leads to heavy losses if not extremely careful.
Therefore, most people who try their hand at horse racing for the first time tend to stick to pre-race markets until they are fully able to understand the factors that cause price movements and experience of races in general and the knowledge of horses, coaches, jockeys, etc.
In short, trading on running horses is not an easy animal to manage, very different from pre-race trading but, depending on the methods in use, it is not so scary.
However, it is important to stress that trading on horses, both pre-race and running, is difficult to master. It is not honest to suggest the opposite because anyone who has known professionals in this trading knows all too well that not everything has been learned in a short time. Having said that I can say that once you have learned it, you will be strongly urged to find a quicker way to get regular and large profits.
The horse racing markets are, if compared to the stock markets, volatile to say the least. Things happen very quickly, sometimes for reasons we can’t understand (no matter how experienced we are). For example, how would I know that a professional player association is placing € 100,000 or more on a horse that is considered the second favorite one minute before the race begins? It is not necessary to have a crystal ball to protect yourself from such things, but a lot of experience combined with a HUGE level of personal discipline and a very defensive strategy of your trading that allows you to prevent things like this from emptying your accumulated bankroll in previous competitions .
In essence, horse trading is complex in all its forms, and it is even more complex to teach it to other people or at least you cannot promise anyone to get rich quickly, as often happens to those who attend trading courses (at prices that I define from wear!) where only the basics are “taught”.
Those who contact me often ask me what are the best strategies to win quickly and without effort, because “they don’t have much time available”.