Friday, 9 August 2013


Forex is a volatile market the entails risk as we as profits. For you to be able to minimize your risk and increase your profit you need a trend indicator on how to monitor the market trend.
Market trend is talking about the movement of the market in either up or down direction over a given period of time. Your ability to read the trend determined the level of your profit and loss.
Successful trading is not about knowing the almanac of trading. It is about following basic setups, taught in a clear and easy to understand way. Most people trade news which is based on economic calendar. But trend trading gives you edge to trade before the news comes out.
Importance of trend signal
1.     Identifies and trades the trend
2.     Simple and Clear trade setups
3.     Removes the emotions from your trading decisions
4.      Helps you identify and manage stops
5.     Software formats automatically in all time frames
6.     No need to add trend-lines or understand complex maths
7.     Suitable for trading shares, indices, foreign exchange and commodities
8.     Suitable for day traders and investors
9.     Suitable for all levels of experience
10.          Expert trader support
11.         Choice of platform – now including MetaTrader4

Forex Trading Strategies
Generally, a Forex trader should be able to trade on all assets but it is
Recommended for novice traders to start with the major currencies, especially those that are against the US Dollar. This is due to the fact that these currencies have more trading volume and are more liquid and hence, have more chances for profitability.
The British pound, Euro, Japanese Yen and the Swiss Franc are good currencies to focus on as they are widely traded in the Forex Market. This will give the trader more room to maneuver in his trading strategy. The Australian Dollar, Canadian Dollar and New Zealand Dollar have less market volatility, but nonetheless, there are opportunities to isolate trends within these classes of currencies.
More advanced traders can take advantage of other groups of currencies pairs such as Crosses which are currencies pairs that do not include the USD. Likewise traders can trade commodities and indices which have the tremendous potential for profitability.
It is advisable to always consider a short term market position as

Range Trading
Although it is difficult to pinpoint where exactly these levels are, traders are still able to utilize these concepts because they can trade within these ranges. When the pair is trading within the support level regions, traders tend to adopt a “Long” market position and while at the resistance region, they tend to adopt a “Short” market position.
Drawbacks of Range Trading
One of the major drawbacks of Range Trading is that there is little chance for extraordinary profits within the ranges. The market
generally spikes or crashes suddenly when it breaks the threshold of these levels, and when that happens, traders adopting Range Trading strategies will find themselves incurring huge losses when the prices jump or drop suddenly.

Technical Factors Influencing Price Movements
Another method of research Forex traders can use to formulate a trading strategy is through Technical Analysis. Although Technical Analysis can be mentally challenging at first, once one masters the techniques of Technical Analysis, it is easy to apply to trading strategies. It is also an extremely useful tool that makes up for the shortfalls of Fundamental Analysis.
The main problem that traders face with Technical Analysis is that there are so many ways to analyze market information. Any misinterpretation will lead to the wrong conclusions and results. On the flip side, because the majority of market participants rely on Technical Analysis tools, it becomes a self-fulfilling prophecy. With traders watching the same technical indicators, it is a foregone conclusion that the market will move in a direction that is indicated by technical indicators derived from Technical Analysis.
Using Technical Analysis to Trade Major Currency Pairs

The main objective behind Technical Analysis is to work with  charts to identify trends when they initially develop. This will permit the trader to capitalize on trends until they switch direction. The reason why Technical Analysis plays such an important part in the Forex market is because the Forex market is comprised mainly of trends. Due to the nature of the Forex market, traders are able to trade on the ups and downs of the market. It is in this situation where Technical Analysis is most

Candlestick Charts
These charts bear a resemblance to a bar chart, but they also show the prices of the Open and Close time frames, Highs and Lows. When compared to bar charts, they are easier to peruse as they are used to denote price movements. A blue color is used to show prices on the upswing while a red color is used to show the opposite direction of the prices. An example of a candlestick chart is depicted below:
Reading Candlesticks
A candlestick displays the high, low, open, and close for a security over a specified period of time. For example: In a 30 minute chart each candlestick represents 30 minutes. The open is the first rate that was received in the beginning of the 30 minutes and the close is the last rate. If the open rate is lower than the close rate it means the rate has increased during the candle and the candle will be blue, if the rate decreases the candle will be red. The upper wick shows the highest rate during the candlestick. The lower wick shows the lowest rate during the candlestick.

Thursday, 8 August 2013


         BY PRINCE LINUS UPA, tel:+2347031835757,+2347057355527          
              Welcome to Betonmarkets.
                                 Live is a risk! It is more risky not to take risk!
Betonmarkets is a financial market that give you the opportunity to trade in Forex and other commodities such such as US stock market, UK stock market France stock maket, Japan Stock makert etc.
For you to start trading on this markets you have to first of all logon to to open an account with betonmarkets. After that you fund your account with as little as $10 through any exchanger that you find convienent.
Once you open the account, you will be given an account number/user ID of which you must provide it with your password any time you want to login to your account.
You can withdraw your profit at any time using the cashier area through any exchanger.

                  CHAPTER ONE
     BetonMarkets Basics
EUR/USD Day Trading on 3/19/2012

Basic Betting at BetonMarkets
There are a few basic steps to get you started betting at BetonMarkets. The first is to choose the financial market you want to trade. There are five major markets you can choose from: the Indices including Dow Jones, CAC, FTSE, GDAX, NASDAQ, S&P500, and Swiss Market Index; forex currency pairs; gold; US stocks and UK stocks. All in all, there are 50 financial markets you can choose from and still more to come.
Once the market is identified you must choose a strategy and finally a wager type to best work your strategy. No Touch means you are speculating that the market will not touch a certain level. Barrier Range is almost the same as No Touch. The difference is that you are predicting that the market won’t reach either of the two points of a certain range. One Touch is predicting that a market will touch a certain level. These are just a few of the bets you can take. One advantage at BetonMarkets is that you can win or lose whatever the movements of the markets are; be it rising, falling, or trading sideways.
Your next consideration is the time limit you want the bet to endure. It may vary from 2 to 180 days depending on the different strategies you employ to speculate on the movements of the market.
The final step you have to take is to determine the critical level of the market. This can be the price or the value when the market expires. Since financial betting does not require you to own stocks or currencies, you really don’t need to understand these critical levels. All you have to do is to predict the movements in the market in a certain timeframe. But of course, it is always best to have a little knowledge on the market you are betting on.
At BetonMarkets you can place bets as low as 5 euros up to 50,000 euros. Since the system utilizes fixed odds betting, your stake is merely based on the initial amount of your bet. Unlike spread-betting, in fixed odds wagering you get to double or triple the amount of your wager - yet the most you can lose is just your initial premium. To illustrate, if you bet an Expiry to back your speculation that in four weeks, Dow Jones will be above 10,500 and consequently, it went up to 10,600 two weeks after betting on it, your bet will be worth more than your initial fixed bet. You may want to keep the wager until it expires or sell it right now at a profit
Fixed-odds betting is often referred to as trading digital options since the value of your bet can rise more than your initial payment or fall to nothing at all. The beauty of this system is that you don’t need to invest large sums in stocks or futures contracts; you just have to pay a little commission to be deducted from your winning wagers.  Aside from that, all winnings are tax-free based on UK laws.

                  CHAPTER TWO
How to Trade at BetonMarkets

 EUR/USD Breakout

BetonMarkets Trading Part 1: Intraday Wagers
A Wager, which is commonly known as bet or stake, is a contract in which two or more parties agreed to paying an amount of money based on the outcome of a defined event. BetonMarkets offers different types of wagers all based on events defined as financial market movements. Some of these can have their outcome the same day you place the bet. These are known as intraday wagers. There are five different types.
Flash Bet. This bet gives you the opportunity to take advantage of almost immediate market movements. They are basically bets on upticks.
In the situation of four minute betting, you place your bet at 14:00:26 GMT that is considered as the start time. Outcome is determined on the next click after the start time, supposedly the next tick happens at 14:00:28 at the value of 121.36 – this tick is called the Entry time and value. By 14:04:26 which is the end time the next tick will determine the exit and calculate your price of winning. At 14:04:28 next tick happens which shows the Exit time and value of 121.32. Since the result shows that the market has risen, you receive a full pay out.
Intraday Up. This bet presents an opportunity to bet that the market rises or falls between two specific times during a current trading session. As a player you will select the starting and end time of the bet and there will be a minimum percentage amount settled on during the time of the play. If the market rises by the minimum percentage amount between the start and end of the bet then you receive your payout, otherwise the bet ends without a value (even if the market rises less that the minimum percentage amount).
Example. In an Intraday Up play start time of 11:00 and end time of 16:00, the value of the market by 11:00 is 116.10 (minimum percentage amount is 0.03% of 116.10). The market should rise by 0.03483 which should be higher than 116.13 (rounded to the nearest tick) by the end time of 16:00 for you to get a payout.
Double Up. This is a bet that the market will rise or fall between the time you place the bet and the expiry of the trading session. It’s a double or nothing bet with a small spread to have to clear to be considered a winner.
Super Double. Is the for the development of the market at three specific time points during the trading session. This play gives an excellent payout, returning four times the amount wagered. You need to be correct twice in order to win.
Example. On a Super Double you bet that the market will rise between 9:00 to 11:00 and will rise again between 11:00 to 1:00, and if you are right then you are four times richer.
Intraday wagers a very popular at BetonMarkets. In part two of this article we will start to take a look at some longer time frames.

                    CHAPTER THREE
How to Trade at BetonMarkets
Description: E:\howtotrade2_files\forexscale.jpg

Typical Trend Pullback Entry

BetonMarkets Trading Part 2:  Boundaries, Ranges, and Touches
This is the second of the three part article that discusses the types of wagers used by players at Betonmarkets.
Expiry Bets
Bull / Bear Bet. This bet permits you to predict the outcome of the market, if it will be above or below the specific given target at the specific given date (can be 2 – 180 days after the time the bet was place). Your payout will be given if the market is strictly above or below the target you have chosen.
(Bull bet) I bet to win 50 if the market rises above 4393 in 14 days.
(Bear bet) I bet to win 50 if the market is below 4393 in 14 days.
Expiry Range. This bet is somewhat similar to Bull/Bear except you need to be specific on the range in which the market will lie by the end of the period. In other words you are attempting to confine it between two levels but only the day the wager expires matters.
Example. I bet to win 50 if the market is between 4200 and 4450 in 14 days.
Expiry Miss. A bet that the market lies below the lower target level or above the higher target level by the time the bet expires. The reverse of an Expiry range.
Boundary Bets
Here you are allowed to bet whether or not the market wil reach a specific value. There will be an early expiry if the chosen level is touched (even once) between the specified time frame even if the level is not sustained for very long.
In other words you are attempting to confine it between two levels and the market can never breach either extreme..
One Touch Bet. This bet pays if the market touches a specific target barrier at least once before the bet expires.
Example. I bet to win 50 if the market touches 4450 level within 14 days.
No Touch Bet. The opposite of one touch bet, full payout is given if the market never touches the target barrier you have chosen before the bet expires.
Example. I bet to win 50 if the market never touches 4450 level within 14 days.
Barrier Range. This is like a double no touch bet. Player will choose two specific barriers and if the market never touches any of them before the bet expires, the full amount of payout will be given.
Example. I bet to win 50 if the market never touches 4450 and 4600 within 14 days.
Double Touch Bet. The exact opposite of Barrier Range, full payout is handed if both barriers are touched within the time frame. Pays good odds.
Example. I bet to win 50 if the market touches 4450 and 4600 within 14 days.
Up or Down. In this bet the full payout is received if the market touches either of the two target level specified before the bet expires.
Example. I bet to win 50 if the market touches 4450 or 4600 within 14 days.
Contra / Double Contra Bet. In this bet only one of the two barriers should be touched to get the full payout.
                 CHAPTER FOUR
How to Trade at BetonMarkets

S&P 500 Day-trading Pivot System Setup

BetonMarkets Trading Part 3: The Rest
This is the last of the three part article that discusses the types of wagers used by players at BetonMarkets.
Stop Bets
Bull Stop. This bet unlike others pays you a fixed amount for every 1% rise in the market. Like if your bet pays $10 for every 1% rise on the market, in the instance that the rise is only .5% then your value will rise by $5, as the market swings back and forth the value of your money will differ depending how much % the market rises.
However, this bet is also a One Touch stop loss wherein you need to set a stop-less level and in any case that the market touches that level once ot trades under that level, at anytime the bet will expire.
Note: The stop-loss level is used as a reference value for the 1% amount to be calculated. Also for Stop bets on Forex rates there is no specified date expiry, the bet stays “alive” for as long as the stop-loss level is not reached. While stop bets for individual stocks have an expiration of one trading day – value is automatically settled at the close of trading same day the bet is placed.
Bear Stop. Opposite of the bull stop where you will be paid a fixed amount for every 1% fall on the market. Same rules applies as the bull stop bet, your value swings back and forth depending on the movement of the market, a stop-loss level is set every game and will be used as a reference value for the payout.  Same rules apply for the time frame for both Forex rate play and individual stocks.
Tick Trades / Fun Corner
These bets are random wins and there is really no telling whether you will win or not; it all depends on luck. So I really don’t recommended these for serious players.
Run Bets. A series of bets that depend on the digits of various indices.
Up / Down. Here can will double your stake if you calculate whether the market will rise or fall after 5 ticks.
Lucky 10 Digits. Make your money 10 times higher by guessing the last decimal digit of the market after 5 ticks.
Quick 10%. Make 10% profit value by predicting thst the number you choose will not be the last decimal digit of the market after 5 ticks.
Stats. You will draw a pie chart of your guess of the last tick. You may select the number of ticks from 25 – 20,000.
Run Bet Jackpot. A bet in which the result depends on the participation of the other player.
Platonic Bet. Bet that depends on a random number.
Public Orders. These are bets coming from other BOM users that wish to dispose their bets early. Sometimes bets are sold on a discounted price but generally you’ll rarely find many contracts to trade here. Public orders have two types.
• Contracts that ate available for purchase
• Contracts available for selling short
Those are the different types of bets / wagers that you can use for betting, but basically you need to learn first and see which is best to use for your particular mentality and risk tolerance.
                                  CHAPTER FIVE
 Breakout Trade

BetonMarkets Strategy Part 1: Breakout Trades
Before you going diving in making wagers at BetonMarkets (or anywhere else for that matter), you need to decide on a general trading strategy. What kind of trader do you want to be? What type of time frames do you want to concentrate on? Take my advice and do not try and be every kind of trader in every kind of time frame. This will ruin your focus and your results will look just as scatterbrained as your approach.
Your general approach is your strategy. This page is the first of a three-part article discussing BetonMarkets trading strategies. Trade entry and exit rules are what make up the details of your system within your strategy. Whereas a strategy is a general approach, a system is a set of exact rules for making trades.
There are really only three different types of trading strategies:
• Breakout Trading
• Trend Trading
• Reversal Trading (also known as Pivot Trading)
Breakout trading and trend trading are similar, except that trend traders are late to this party from a breakout trader's perspective. Very often the breakout trader is closing his position for a profit by selling it to a trend trader. He is then off to find another breakout somewhere.
Take a good look at the breakout on Apple stock in the chart above, because that pattern is going to be your best friend if you want to be a breakout trader. This is a daily chart for a 1-year period of time, but the breakout pattern is valid for any time-frame. Day traders and 3-day position traders see the same setup (with the same results) all the time on 5-minute charts or hourly charts. The market doesn't matter either - this pattern is just as valid in currencies, gold, indices, or individual stocks.
The key to the breakout trade is volume. See the volume spike where the breakout occurred? That makes it a heck of a lot more reliable. Breakouts with no volume spike should be avoided. Sometimes there is only a small volume spike and that's where you have to make a judgment call.
A breakout pattern requires a trading range from which to break out of. If there is no range then there is nothing to break out of. Reversal traders will be betting against the breakout at the edge of the range. Once the breakout occurs (on high volume) the breakout players get on board and that - along with all the reversal players covering their positions - fuels the rocket that you see above.
A breakout wager can be made by betting on a No Touch back in the range, a Bull Expiry, or a One Touch above where the breakout occurred. If the breakout fails and the chart goes back into the range it's time to close your position if you used a 1-touch or an expiry bet. (On BetonMarkets that means selling it in the public orders or taking what BOM will pay you for it and cutting your losses.)
A breakout is often the beginning of a trend. In part two of this article we will look at trend-following strategies.
                   CHAPTER SIX
BetonMarkets Strategy

 Typical Tradable Downtrend

BetonMarkets Strategy Part 2: Trend Trading
The most popular style of trading is attempting to ride a trend. And for good reason - it works. Not every time of course, but just a few of the winning trades which extend for a long period of time will more than make up for all the losers. This is how the now-famous turtle traders made millions in the futures markets in the 1990's. A smart BetonMarkets player can emulate their basic strategy to grow their account into the stratosphere, if they have the patience to wait for the big ones.
Probably the best wager type to use is an expiry bet. My advice is to shoot for the stars on these - go at least 90 days out and pick a level about as far out as BOM will let you. You want the big odds payouts when you catch a good trend.
As discussed in the last article, trends start after a breakout from a range. There are several different methods of deciding when to enter your position.
• Channels and Trendlines
• Reversal patterns
• Oscillator indicator patterns
• Moving averages
Let's take a closer look at that last one, as using moving averages is a very simple and very popular way to time your entries. Here is a method of doing that for trading the DOW:
Use a 6-month chart with Dow Jones Index. Change the bar chart to line, the Indicator to Moving Average and the number of days to 100. Then, use another chart but this time put 250 as the number of days.
Example of trend-following strategies using the Simple Moving Average
Looking at a 6-month DOW chart last year, by the middle of May the price crossed below the 100 day SMA, then took less than a month to cross below the 250 day SMA and continue going downward.
When a price moves below a moving range chances are it is following a path of least resistance. Looking further along the chart, you will see that by the middle of May the price moved above the 250 SMA at around 10440 and continued upward to touch the 100 SMA at around 10520 after a few days.
Perhaps you can use this for a One Touch bet. At this game it is worth buying a bet just above or below the next major SMA. So you need to see when the price moves above or below a major SMA and look where the next major SMA is.
Another case is when the price moved below the 100 day SMA at around 10600 it is reasonable to expect that it will continue to fall and perhaps move below the next level. This time if you want prove your assumption you could buy a bet for One Touch or Bear Expiry betting that the market will continue to fall.
When the market is at 10600, the 250 day SMA is at 10450-10480. You can place a bet that the Dow Jones index trades at or through 10450 within the next 30 days. If the market then trades at 10450 even for a second in the middle of the trade, your bet expires and you get the payout.
This strategy is simple (but not always guaranteed). However, your total risk is the cost of the bet and this is different from spread-betting because the worst that could happen is that you lose your bet. Also there is no need for a stop-loss level; all you need is to bet and wait.
The BetonMarkets on-site charting allows you to plot up to 10 different SMAs. This could be used for plotting SMA trades over multiple time-frames.
In the final segment of this article series we will look at strategy dear to my heart, range trading reversals. 
                 CHAPTER SEVEN
       BetonMarkets Strategy

 Range Trading

BetonMarkets Strategy Part 3: Reversal Trading
Reversal trading is also known as range trading or pivot trading. It's really cool when it's working. And it works a lot. The chart you see above is a rather perfect example of the concept. In fact it is a bit too perfect, as usually the range isn't so well defined. But this gives you a good idea of the setup at least. In reality you will need to understand that the range is usually just a bit sloppier. You will get to recognize them better with experience.
The edges of the range represent support and resistance. When price reaches the extreme edge and stalls, that is typically  your entry signal. As a sharp BetonMarkets trader you would either make a no touch bet just a bit outside the extreme of the range, or a one touch bet in the other direction. In my experience the one touch bet in the opposite direction is usually more reliable, as sometimes price will hit your no-touch barrier just before reversing back in the range and heading the opposite way as expected.
There is another way to play these as well. When you see price in the middle of the range you can try to capture price in the range with a barrier range bet or a an expiry range bet.
Reversal trades have the added advantage of price value being in your favor, as you are betting the opposite way of recent price direction. This tends to help when pricing out your wagers on the BOM system. My favorite reversal strategy play is a one touch bet just before the opposite edge of the range.
However you need to be aware that the longer and safer the range looks the more risky it actually is to play. After a well-defined range is formed everybody notices. Price is more likely to break out at each range extreme. All the breakout players know this and many of them will start gambling on positions, anticipating a possible breakout early. When this happens it's where all the action is to be found, and volume picks up - making the situation more volatile.
In general you want to see medium volume around the edges of the range. Not too much, as that increases the chance of a breakout. And not too little either, because on light volume the market makers (and other big players) can manipulate the price to take out your stops before letting it slide back into the prior trading range.
On the chart above, the best trade is second Buy on the bottom. The range is well defined at that point, but not too old. Most ranges offer one really good trade setup and then maybe one other not too bad of a play. Anything more is pushing your luck.
False breakouts are the enemy of both reversal traders and breakout traders. Amateurs get chopped up when this happens. An alert reversal trader can learn to spot false breakouts and play them like a range reversal, with very little risk and a lot of reward. But it takes some experience in order to spot them reliably.

                  CHAPTER EIGHT
      BetonMarkets Systems

 Stochastics Oscillator for Trade Timing

BetonMarkets Systems Part 1: Timing Your Entries
Trading systems are easily adapted to the BetonMarkets wagering interface. In fact they are easier to work here than using traditional brokerage trading vehicles, because you have the added advantage of not having to worry about setting stops. The risk is managed purely by position sizing, that is deciding what percentage of your account to bet on each trade. That makes it easier to manage because the thing that kills most traders is letting losing positions get out of control.
A trading system is a set of entry and exit rules. As just mentioned however, most of the time at BetonMarkets you don't need to worry about exits. So all you need is a bet size and a set of entry rules.
You need to decide which strategy you want to use before deciding on the rules of your system. Are you going to trade breakouts, trends, or reversals? No matter which strategy you choose, most likely your entry rules will be based on chart indicators.
If you are trading breakouts, that indicator will likely be volume. Every time you see a solid breakout from a trading range with a volume spike that will be your signal. But you still need to decide whether to enter on the breakout itself, or wait for a pullback. If you wait for a pullback you will miss some trades, but will get better pricing on the ones you play. Therefore waiting for pullbacks is the recommended way to trade breakouts at BetonMarkets.
Most traders are trend-traders. They love to catch a good trend at the right spot and either ride it for all it's worth, or try and catch a small high-odds swing. Both approaches have their merit. In the case of trying to catch a big move you enter on a downswing and choose a high target with a long time-frame. In the case of trying to catch swings within a trend (a great tactic that is very popular) you wait for price to pull back to a moving average or a trendline and bet on it returning to the other trendline (or channel line).
Reversal traders draw channels as well, but they are horizontal as opposed to sloping. In this case you are waiting for price to reach the outer channel line, stall, and bet back the other way. Bollinger bands are a great tool for both range-traders and trend traders who are trying to capture small swings within a trend.
Finally, you will probably want to use some kind of oscillator as a confirmation indicator for entering your trade. My favorites are Slow Stochastics and RSI. When the price pattern is doing what you want, simply wait for the oscillator to turn away from the extreme and start moving in the other direction. That helps make it a high-odds play.
As a matter of fact a good trading system is to simply use the Slow Stochastics in two different time frames. Wait for it to be moving strong on the long time frame and enter your position when the short-time frame (the one you are trading in) turns from the outer extreme in the direction of the longer time frame.
Whatever your BetonMarkets system is, you have to price your wagers out well in order to succeed. That's what we'll talk about in part two of this article.


                  CHAPTER NINE
       BetonMarkets Systems

 Typical Options Chain

BetonMarkets Systems Part 2: Pricing Your Wagers
What separates the long-term winners from the long-term losers in this game is what price you will settle for on your wager once you have identified a trade setup. Some should be skipped simply because BetonMarkets isn't pricing well that day. This can be frustrating, especially if your system isn't producing a lot of good setups to begin with.
It logically follows then that you could devise a system based purely on bet prices and not so much chart patterns and indicators. Indeed this is the case. A bet-pricing trader is only interested in fluctuations in the odds being offered them.
This method is a lot like being a smart sports bettor at a betting exchange like Betfair. You aren't too concerned about what side of any wager you are on as long as you are getting good odds (more about this in part three of this article). If this is your plan you should have a spreadsheet where you are pricing out certain bets at pre-determined intervals every day. When you see pricing get out-of whack somewhere jump on the wager. In fact the popular ebook Beat BetonMarkets provides a spreadsheet example for doing this.
Most likely you will want to use a system that trades off a chart. So your concern about bet-pricing is simply that you are not getting ripped off on the wager. The best way to accomplish that is by pricing out different wager types and different time frames for the trade setup, and taking the one that looks best from an odds standpoint. I cannot emphasize enough how critical this will be to your long-term results.
For example, in the case of trading a pullback in a trend. Lets say you have a nice uptrend going, very strong-looking and not too old, and the price pulls back to the 20-day moving average where it stalls. The next day it perks up a little and the slow stochastics turns up from the lower extreme. That's your signal to go long.
So you price out a 20-day 1-touch wager back to the upper trend-line, or just barely at making a new high. But you notice the payout odds on that wager are lower than usual. So you stop because you know you can't settle for a bad payout. Instead you look at a No-touch bet a bit below the moving average (where price is now), a 30-day bull expiry bet around the upper trend-line, and maybe even the same 1-touch wager for different time frames and different price levels.
Obviously you need a frame of reference in order to do this. That's why you should only work one strategy at BetonMarkets. You need to be pricing out the same types of bets all the time so you know when the pricing is acceptable. Sometimes it's out of whack for no other reason (it seems) than to trap the newbies into bad-odds bets. Don't get sucked into that - it's better to pass on the trade if you cannot find a wager that prices out well.
If you know how to price out options, this is a skill that will come in handy. Bet-pricing at BOM is very similar to looking at an option chain. In fact it is a good idea to be well-versed in both, as that way you can tell when the bet-pricing is out of whack purely from a BetonMarkets standpoint. Follow the options chains the same way you follow the bet pricing for whatever market you choose to specialize in.
In our final segment we will talk about working the overall system to find good value.


                  CHAPTER TEN
              BetonMarkets Systems
BetonMarkets Ticker

BetonMarkets Systems Part 3: Working the System
We will wrap up our discussion on BetonMarkets systems by talking about working the system itself.
 We touched on this briefly in part two of this article. I want you to develop the mindset of a successful bookie.
 Bookies are always getting good odds on their positions and managing their risk with hedging strategies.
Bookies always make money.
What I am saying is that you need to be more attached to getting good odds on your bet than you are about your
 opinion of likely market direction. As a matter of fact when a lot of traders are betting the same way in a market, sometimes the odds get skewed to try and attract action the other way. If you are on the BetonMarkets mailing list you
 might even get an email from them alerting you to these opportunities. When you get one of those emails you
 should seriously check out the offers.
Because so many traders are trend-followers, a very obvious setup will often be unplayable because the odds
that the wager is offering are just terrible. In these cases you should price out bets against the obvious trade and
 jump on them if the pricing is better than normal. This is especially true if the trend is well-established and
 getting old. The longer a trend is in place the better the odds of it breaking, and with amateur traders all getting
 on board at the latest pullback a smart BOM player will often fade them and start to bet that the trend will break.
You can only do this effectively if you are actively pricing out wagers all the time. Arm yourself with a
spreadsheet, an options chain for the markets you are interested in, and the data available on the BOM website
which shows where the volume is going in their most popular contracts. This is known as the average positions
 page and it shows the general public consensus in the various markets. Look for very bullish or very bearish
 ratings for expected market direction and get in the habit of hunting for value by pricing out wagers betting
 against public opinion. They don't know where the market is going any more than you do - take the good odds
 when you can find it.
BetonMarkets is always changing their resources pages around, but they usually provide some pretty good tools.
 At the time of this writing there are some bet pricing browsers that will make scanning for good value a bit
 easier. At one time they were offering a Public Orders page where traders offered positions between themselves
 - too bad they took that down because you could really finagle some good pricing there sometimes. Here's
 hoping they bring that back.
The BOM pricing model is supposed to be based on options pricing. However they will skew the pricing
sometimes for their own reasons, and when this happens you can sometimes find arbitrage opportunities using
 options. This is a more sophisticated strategy that requires an options trading account at a futures broker. It is
 basically a hedged position which incurs no risk on your part (or very little) but has a decent potential payout
 if the right scenario unfolds.
If you soak up the wisdom presented in this article, you should have no problems developing profitable
 BetonMarkets systems for the strategy you want to pursue. If you would like to see more specific systems
supported by rules with entry examples on charts, please let me know for additional information on those charts.
I wish you a happy trading.
Disclaimer: This article is not a guarantee for success, Prince Linus Upa will not be responsible for any loss
incurred for using and depending on this material. This material is just a guide on the various market strategies
 that are available on BOM and other Forex market.