10 Betfair Exchange Trading for Beginners: Stake Management
Betfair Exchange for Beginners!
The number one thing to remember is to protect the bank, this is the main aim when trading on Betfair.
Over the last 10 years one of the main mistakes I see from traders is using huge portions of their trading bank at one time, they think that this will lead to bigger profits when on a good run – let me tell you this with 100% certainty it will wipe you out when you go on a bad run. There is no hiding it, it will wipe you out.
The best place to start is to look at using a small percentage of your trading bank as your total liability usually between 2-5% is a good place to start. If the worst happens and you don’t trade out, you will not have decimated the bank and will be able to bounce back from this – one note here is to note down a few pointers about that trade after to pull it apart so you can learn from it and build your own set of trading rules.
Please do not fall into the trap of thinking you need bigger stakes to make bigger amounts, if you cannot handle a smaller bank you will never handle a bigger bank on the Betfair exchanges. The aim here is to learn and build up gradually, by have having level consistent stakes using the edge you have built you can gain on the market and will see small incremental and most importantly steady increases in you trading bank.
#Betfair #Betfairexchange
————————————————————————————————————————–
Want FREE Strategies that are proven to work? With a FREE 5 day bonus training on how to build your own strategy?
Click here to get the FREE strategies and get the bonus training
http://new.betfairtradingcommunity.com/funnel/strategies-free-strategies/landing-page/
————————————————————————————————————————–