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A Fundamental Strategy to Grind Out Long Term Profits

From DocumentedCappers.com

Let’s face it: the number one goal of anyone who bets on sports is to win money. It has been well discussed in the past that most people who bet on sports lose money in the long run. While nothing in sports betting is ever for certain, there are some very important skills that you can implement and learn today that will set you apart from a majority of the people that lose money betting on sports.

Establishing Sports Betting Goals

As I said earlier, people bet because they are trying to show a profit. One of the main questions that you need to consider when developing a winning plan for success is:

1. How much money do I want to make yearly or monthly from?
   betting on sports, and do I have enough money to start
   with to accomplish this goal?

Let’s use an example of an unrealistic goal: “I would like to make $500 per month betting on sports. I have $500 to start with at the beginning of the football season.”

If you don’t have a clear understanding of what the answers to the above two questions should be, it’s ok. Very shortly it will be perfectly clear.

FORGET IT, GO FIND A NEW HOBBY, OR GO PLAY THE LOTTERY!

NOW THIS IS MUCH MORE REALISTIC, AND THIS ARTICLE WILL SHOW YOU HOW TO DO JUST THIS AND MORE BY FOLLOWING SOME BASIC MONEY MANAGEMENT SKILLS.

Let’s face it: the number one goal of anyone who bets on sports is to win money. It has been well discussed in the past that most people who bet on sports lose money in the long run. While nothing in sports betting is ever for certain, there are some very important skills that you can implement and learn today that will set you apart from a majority of the people that lose money betting on sports. Just as with any business, if you treat sports betting as a serious business, money can be made, if you understand what is involved. We will now look at how to establish a proper bankroll for your betting habits, set realistic goals, and run your sports betting just as you would do with any other business.

Now let’s use an example of a realistic goal: “I would like to make and extra $100 – $300 per month betting on sports. I have $3000 to start with at the beginning of the football season.”

Just as with any business, if you treat sports betting as a serious business, money can be made, if you understand what is involved. We will now look at how to establish a proper bankroll for your betting habits, set realistic goals, and run your sports betting just as you would do with any other business.

This is the power of technology. Nowadays, everything can be found online. All people need to have is a computer and an online connection and they will be able to see the race action live on their small screen.

Even if it is not as good as the live one or as big as the ones you will see on television, it is very convenient for those who are on the move and do not have the right facilities for it. That, you will know first-hand if the horse you are betting on will win or not.

Betting on horse racing does not mean that you have to be present right there on the racetrack. Today, you can place your bet online and in the comfort of your home.

How does betting horse racing online works?

Since the process is done through computers, you can expect a short delay on the tally of your bets based on the overall betting system. For those who can not wait for the update, they are given a choice of the statistics to be sent directly to their cell phones.

Even if the betting horse racing is done online, the regulations and rules are still the same. The types of bets and race conditions are also the same as the ones you will get and see live.

With the advantages that people get from betting horse racing online comes its disadvantages. They may be minors, but it is still worth the glance.

Not all websites are like this. There are those that require its would-be members to pay an initial fee. Some even require monthly charges depending on the frequency of your visit and stay.

There are some sites that just need you to register into them and put in your deposit. Once the result is out, your winnings or losses will be debited or credited into your account.

1. an unsatisfying experience.

Some people find that nothing can compare to the feeling that they get when they are on the racetrack and is part of the action. When you are just there watching it on screen, you can not really get that same feeling.

Most of those who bet on this sport are after the excitement of seeing the race from start to finish. They still want to cheer and shout with the rest of the crowd gathered there on the stadium.

1. Miniscule screen.

Those who are intent on having a better view of the horse race choose to have their own satellite TV in their home to get a bigger and better view of the live happening in the racetrack.

Being confined in the small screen of your computer, you will not get a view of what is happening in the whole event. You will just rely on where and what the camera is focusing on. This is a total turn off for those who want to see every corner and every move around the racetrack.

1. Computer system problems.

Being confined in the small screen of your computer, you will not get a view of what is happening in the whole event.

If you can do away with these minor problems and your only desire is to cut the suspense and see the result as it happens, then horse race betting online is always there at your convenience.

Even if it is not as good as the live one or as big as the ones you will see on television, it is very convenient for those who are on the move and do not have the right facilities for it. That, you will know first-hand if the horse you are betting on will win or not.

Slow computers and outdated hardware installed in your computers are one of the factors that will hinder your betting horse racing online experience. Do not expect your viewing to be as great as it should be if you do not have the most advanced features.

Nowadays, everything can be found online. All people need to have is a computer and an online connection and they will be able to see the race action live on their small screen.

Another thing to keep in mind is that most banks, online or off, will have various restrictions when it comes to the amount of money needed to open the account as well as the minimum balance required to keep the account open. Usually the higher the interest rate, the higher the minimum amount required to stay in the account.

With few exceptions, you can get a better rate with an online bank that you can with one that is off line. There are several reasons for this but the one single overriding reason is that an online bank simply doesn’t have the overhead as a brick and mortar location, and they tend to pass that savings on to their customers in the form of higher interest payments.

If you don’t need access to your money but you want to safely earn as much money from your high interest online savings as you can, you may want to also look into opening a certificate of deposit (CD). You can usually earn quite a bit more, but your money isn’t as liquid and if you try to take it out before the term is over you can lose a big chunk of your interest. Still, if you know you won’t need the money, you can earn more interest in a safe way so this may be an option.

Even in today’s internet age some people aren’t totally comfortable with the concept of an online bank, that’s why those banks have to be willing to work hard to earn the business and trust of their customers. Just remember that while finding a great rate is very important, it’s not the only thing to consider. When you need one, a great rate won’t do you any good if you’re unable to contact a qualified customer service rep.

Even in today’s internet age some people aren’t totally comfortable with the concept of an online bank, that’s why those banks have to be willing to work hard to earn the business and trust of their customers. Make sure that your online bank is also FDIC insured. Many people don’t realize that even an online bank can be covered by federal deposit insurance. You want to keep your money as safe as possible so make sure that any bank where you are planning on putting your money is insured.

Make sure that your online bank is also FDIC insured. Many people don’t realize that even an online bank can be covered by federal deposit insurance. You want to keep your money as safe as possible so make sure that any bank where you are planning on putting your money is insured.

Looking for a high interest online savings account? Get the absolute most out of any and all of your investment strategies by finding those banks that can provide you with not only great rates, but top notch service too.

When you start looking for the best rates for an online account you can make your search a little quicker and easier by going to Bankrate.com to compare rates of many online banks, it can save you a lot of time and help you make the most money by finding the
best high interest online savings all in one place.

The truth is though that many online banks can actually have better customer service in that it is usually available 24 hours a day 7 days a week. Your local bank may not offer such easy access to customer service.

There are literally thousands of ways to make money online and it’s easy to get even suspicious and overwhelmed when you come across these make money ideas. Overall, being able to make money relatively quickly and easily online is not some unattainable goal … more and more people are doing it every day.

Online Jobs:

There are many jobs to be found on the internet and they usually pay on a per hour basis. Just a few examples of jobs you can find online are editing/proofreading and copywriting of web content/ebooks/newsletters, etc.

Data sorting and other mundane jobs also pay by the hour. If you look in the right places, this is one of the least exciting make money ideas but the jobs do exist. To avoid any scams, ask these types of questions:

1. Who will pay me?
2. When will I get my first paycheck?
3. Will I be paid a salary or will my pay be based on commission?
4. What tasks will I have to perform?
5. What is the total cost (if any) of the program?
6. What will I get for my money?

There’s pretty good money in gaming. Pretty much anybody can make a couple hundred dollars a week with this.

Affiliate programs can be a lot of fun and very profitable. The key with selling affiliate products/services is learning to generate traffic which you can then funnel to your merchant. Affiliate marketing is very popular and there is a learning curve involved but it has made millionaires out of many regular people.

It may also help to check out the company with your local consumer protection agency, state attorney general, and the Better Business Bureau in the community where the company is located, as well as in the community where you live.

Pretty much anybody can make a couple hundred dollars a week with this.

Posting in Forums: If you’re the type that likes to chat to other people, giving advice, asking advice, etc., you could get paid for this within certain forums. If this idea appeals to you, jump in, share your ideas and get paid for it!

When it comes it comes to make money ideas online, the above are just drops in the bucket. For a more comprehensive list, I suggest you check out the article entitled 101 Ways to Make Money online.

There are literally thousands of ways to make money online and it’s easy to get even suspicious and overwhelmed when you come across these make money ideas. Overall, being able to make money relatively quickly and easily online is not some unattainable goal … more and more people are doing it every day. This is one of the least exciting make money ideas but the jobs do exist if you look in the right places. Affiliate marketing is very popular and there is a learning curve involved but it has made millionaires out of many regular people.

Making money with your online business is not as difficult as it may first appear to be. If you are willing to learn and are ambitious enough to take advantage of the opportunities that are available to you making money online will become second nature to you.

Making money online is not much different from making money offline– you will have to work to get anything. Always try to give it your best effort, and on the next go-around, try to make your best even better. In this way, you will build a reputation for excellence– and by then you certainly will not have any trouble making money online.

Making money online will be much easier if you know exactly why you are doing it. Remember, you will have to work for the money, so you might as well have a good reason for wanting to acquire it.

Before you being, however, there are some basic issues to address; some heavy thinking to do. You have to understand exactly what you are getting into, so as to avoid disillusionment and regret later on.

Make a quick survey of the possible ventures you can get involved in, according to your skill level and available resources. If you are an expert in a particular field, you can leverage that expertise into an opportunity to make money online.

Making money online will be much easier if you know exactly why you are doing it. If you are an expert in a particular field, you can leverage that expertise into an opportunity to make money online. Making money online is not much different from making money offline– you will have to work to get anything.

Making money with your online business is not as difficult as it may first appear to be. For those who are new to the internet, the prospect of having to learn about this entirely new world might seem more than challenging, but there’s really not much to it. , if you are willing to learn and are ambitious enough to take advantage of the opportunities that are available to you making money online will become second nature to you.

For most people, knowing where to start is half the battle. If one is to make good decisions, one has to be informed of the choices available. Reading this article is a start– it should give you a quick overview of what you can do to make money online.

Choose only the best projects; the ones with the best prospects for you. It will be far better to choose an established company with a proven track record– at least you are sure that you will be getting the rewards you deserve, not simply working to fatten the pockets of a scam artist.

A lot of people have entered this very liquid and very large financial market with the thought of making it big because of this. It doesn’t take much time to learn how to trade currencies if you are interested in the Forex market. The basic trading rule in the Forex market is that you have to buy when the price is low and sell when the price of the particular currency you are holding is high.

The Forex market is the largest and the most liquid financial market in the world. It generates trade exchanges that amount up to almost 2 trillion dollars each trading day. With this kind of market, who wouldn’t want to join?

Many people who know about Forex are now beginning to realize that this particular market can really give them the opportunity to make lots of money. Many people who have traded in the Forex market became successful and have made millions of dollars almost overnight.

In the past, the Forex market had a strict policy that only allowed large multinational companies and financial institutions to participate in this large financial market. Thanks to the advancement of communications technology and the availability of high speed internet, the Forex market has opened its doors to individual traders and brokers. Even the regular individual can now trade in the Forex market right in the comforts of their own home.

The Forex trading software can easily be downloaded in the internet for a certain fee or you can use online software that many online Forex brokers offer. The next thing you need to do is open an account and register with a Forex brokerage website if you already have a computer with a reliable and fast internet connection. After you open a funded and active account, you will then be granted access to their Forex trading software that you can use in your Forex trades.

You should also consider that the Forex market also has its risk. Some experienced traders were also known to lose money in this very risky and very large financial market.

You still need to learn about the different strategies and skills that are essential when you are trading in the Forex market. The next thing you need to do is know how to trade in this very large financial market if you already have the knowledge and skills about the Forex market.

All you need is a computer that you need to dedicate in your Forex trades, and a reliable and fast internet connection to avoid slippages. You will also need Forex trading software to help you with your trades in the Forex market.

The software should have the following features:

Since there are a lot of websites that offer Forex trading software, you have to try at least a few of the software in order for you to know which one is the best for you. It is also important to remember that it is necessary to get the right software for you in order to minimize the risk of losing money and maximize you earning potentials in the Forex market.

• Shows charts and should have charting features.
• Show prices of currency pairs.
• Stop loss button for risk management.
• Closed positions window
• Open Positions window
• Real time updates of prices to avoid slippages.
• Account window

If you are interested in the Forex market, it doesn’t take much time to learn how to trade currencies. It is important to remember that the Forex market is a very risky market.

The Forex market is the largest and the most liquid financial market in the world. In the past, the Forex market had a strict policy that only allowed large multinational companies and financial institutions to participate in this large financial market. Even the regular individual can now trade in the Forex market right in the comforts of their own home.

It is important to remember that the Forex market is a very risky market. In order to know which software can suit your needs, you only have to try out different software programs by opening a dummy account with the Forex brokerage company.

• Forex robots sometimes would have a particular size of trade where they would work best. Make sure that you have defined how much your trading size or money you are willing to put into risk in the Forex trading.

A Forex robot is a worthy investment. For it to deliver based on your expectations, then you would have cautious even during the selection stage. You do not just pick up something that was poplar, you would need to understand how important it is to make sure that you would get a Forex robot or a program that suits your needs.

This is the major role for a Forex robot. Forex robots are programmed so that they would be able to enter deals that would be profitable based on the trade signals that the program analyzes. What’s great with Forex robots is that they would be able to carry out the strategy without compromising your judgement or setting them aside due to emotional conflicts.

When making decisions, Forex robots can put emotions aside and deal without being impartial or being biased. Trade decisions are important since the Forex market is so volatile and changes could happen in just a matter of seconds. Quick reaction and decision would pay off, since timing your trade would mean so much for you to be able to increase your profit.

Forex robots are becoming regular members of the Forex market. For some traders, Forex robots are indispensable. Forex robots are programmed so that they would be able to enter deals that would be profitable based on the trade signals that the program analyzes. – Forex robots sometimes would have a particular size of trade where they would work best. You do not just pick up something that was poplar, you would need to understand how important it is to make sure that you would get a Forex robot or a program that suits your needs.

• When looking for Forex robots, always ask about the money-back guarantee. If, for some reason, the program would not technically work, you do not have to worry about buying a new one or wondering about the vendor’s return policy.

Forex robots are becoming regular members of the Forex market. For some traders, Forex robots are indispensable. Huge opportunities for traders to earn big profits or eventually accumulate huge amounts of opportunities are opening up to traders, there are certain factors like emotions that can affect your trade in a bad way.

You would have to understand the different things about it if you are putting your trade career on the hands of a Forex robot. The profitability of a Forex robot can be based on its quality, and quality can be different mainly because of the manufacturer of the program.

How would you know that you are getting the right Forex robot? Let’s check.

• Inquire what kind of features is included with your Forex robot software. There are some programs that are very expensive but when you look at it closely, it does not even have any features that could help you boost your trade. There are programs that you can purchase in a reasonable price and can offer you additional information and tools to improve your trading skills.
• Forex robots are also available in different levels of automation. There are programs which can allow the trader to do some partial manual trading if you would like to have a certain level of control on the machine and program.
• Your Forex robot has a great background about the currency pair you are interested in. Of course, a Fore x robot can actually monitor all the currencies in the world. There would be programs that work best with a particular currency pair.

Just how important is an automated system to the Forex trading system?

Before we answer that question, let us first determine how large Forex trading market is. From there, we will know the importance of automated systems for the Forex market.

It is true that the Forex market is the largest market around the world not just in terms of average daily turnover and average revenue per trader. It is also the largest market in terms of participants.

You name it, we’ve got it. Take a look at the following:

BANKS- they are not just for saving money and lending capital to entrepreneurs, but they are one of the major players in Forex market. Banks cater both to large quantity of speculative trading and daily commercial turnover.

In the Forex market alone, there are already six major players partaking on the $1.8 trillion worth of daily turnover. With a large number of Forex players, there is really a need in switching from manual to automated Forex trading system.

Among the aforementioned major Forex players, the automated trading system is of great advantage to the speculators. Since they focus on the price fluctuations of various foreign currencies in order to profit, the real time data analysis will help them determine trades that will give advantage to them.

INVESTMENT MANAGEMENT FIRMS- these firms commonly manage huge accounts on behalf of their clients such as endowments and pension funds. They are using the Forex market to facilitate transactions, specifically in foreign securities. An investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases.

There are several automated Forex trading systems available in the market. There are also automated Forex systems that are offered for free or as part of their trading account acquired from their Forex agents or brokers.

RETAIL FX BROKERS- they handle a fraction of the total volume of the Forex market. A single retail Forex broker estimates retail volume of between 25 to 50 billion dollars each day, which is estimated to be at 2% of the total market volume.

SPECULATORS- these are individuals who purchase and sell foreign currencies and profit through fluctuations in its price as opposed to popular methods such as interest and dividends. They perform the important role of transferring the risk to individuals who do not wish to bear it.

CENTRAL BANKS- central banks play an important function in the Forex market. They are responsible for stabilizing the Forex market through the use of foreign exchange reserves.

COMMERCIAL COMPANIES- these commercial companies trade small quantities of foreign currencies compared to larger banks and their trades produce short-term and small impact on the market rates. The trade flows from transactions made by commercial companies are essential factors with regards to the long-term direction of the exchange rate of a certain currency.

There are two types of automated Forex trading system. These are discussed in the following:

Web-based system- the security of your Forex account and other data are provided by your web-based provider. These are hosted on secured servers. It is also convenient in the sense that there will be no software required and it is universally compatible with your Internet browser.

Even if you are just a small-time Forex player, it will be to your advantage if you will use an automated Forex trading system for your future trades.

You may also try different automated trading system demos first so that you will be able to determine the automated Forex trading system that suits your personal preference and needs.

They are responsible for stabilizing the Forex market through the use of foreign exchange reserves. They are using the Forex market to facilitate transactions, specifically in foreign securities. There are several automated Forex trading systems available in the market. There are also automated Forex systems that are offered for free or as part of their trading account acquired from their Forex agents or brokers. Web-based system- the security of your Forex account and other data are provided by your web-based provider.

This system is unpopular to Forex traders because all data are susceptible to computer virus contamination and other security problems. It is little expensive compared to the other types of automated trading system.

In addition, the stocks must have a large daily stock trading range, which is the difference between the high price and low price of that stock for the previous trading day, and a lot of volatility. I look for a trading range of at least $2.00 per share, but I really prefer those that are more volatile and have a daily travelling range of $3.00 to $6.00 and more.

For stock trading, you will need a direct access day trading account from a stock trading broker that offers direct access stock trading software. This is an absolute must have for day trading.

I have found that the best stocks for stock trading and day trading are the stocks that make up the S&P 500. It is the Nasdaq stocks that I like to trade the most because of their volatility of the stocks in the Nasdaq 100, I concentrate on those stocks that me that I like to refer to as “trading where the action is” stocks.

I then load those stocks into my “stock trading” watch list. For stock trading, you will need a direct access day trading account from a stock trading broker that offers direct access stock trading software. The first thing you need to do before you even attempt stock trading, and this is even if you do have some experience, is to take a good day trading course so that you really understand how the business of stock trading works, what patterns to look for, how the markets work and how everything fits together.

One thing that may not be apparent to you on the surface is that what I have done when I pick stocks for stock trading is that I have used the major players as my research department. This shows up in the price action, the volatility, and volume for the stocks in play.

I am looking for certain patterns to develop and if I see a pattern that I like to day trade, I will pull the trigger and take the trade, either on the short side or the long side based on what the stock (price action and volume) tell me, what I see the market makers doing on the Level II screen, and provided the stock is trading in line with the chart of the Nasdaq 100.

The first thing you need to do before you even attempt stock trading, and this is even if you do have some experience, is to take a good day trading course so that you really understand how the business of stock trading works, what patterns to look for, how the markets work and how everything fits together. It will be the best investment you ever make. If you don’t educate yourself – you have better than a 90% chance of failing.

Now with a potential list of stocks to trade. I then load those stocks into my “stock trading” watch list.

To recap, in my opinion the best stocks for stock trading are those stocks with very high velocity and high volume, high volatility and a good intra-day travelling range. When you have these characteristics, you know the large institutions and the “accelerators” are involved in the stock.

If I have these three ingredients, I know that the major players are very active in that stock and they are either increasing or decreasing their weighting in that stock. Adding to and contributing to the price and volume action are what I call the “accelerators”, which are the momentum players, the program traders and the hedge funds who are trying to jump in ahead of the mutual funds and front run the stock, either up, or down. This is when the action really heats up and you will see “climatic volume” where each stock trade is occurring in less than a second.

The reason for this is that I trade both sides of the market, both the long side and the short side on an intra-day basis. I have no interest in whether the stock closed in positive, or negative territory the previous day, just as long as the volume and price action are there.

I have found that the best stocks for stock trading and day trading are the stocks that make up the S&P 500. It is the Nasdaq stocks that I like to trade the most because of their volatility of the stocks in the Nasdaq 100, I concentrate on those stocks that me that I like to refer to as “trading where the action is” stocks. These are stocks that show a tremendous volumes in the number of shares being traded during the day, at least 15 million shares and preferably 20 million shares and more.

I always have a fairly tight protective stop in place to protect me in case I am wrong and took the trade too soon. I may attempt that trade 2 or 3 times before I get the right entry, each time taking a small lose. When I get the right entry, there is a lot of money to be made, especially when you are in the right stock.

One of the things I like to do is to stay with the same stock, as long as it satisfies my stock trading requirements. I may trade the same stock all week as along as it is performing for me and I am making good profitable trades with it. One of the benefits in doing this is that you really get to know the stock well, and how it trades.

Liquid asset stocks are less of a risk than many other forms of stocks. The loss with such liquid assets are very minimal as well so you can take a risk without having to lay it all on the line.

Too many people don’t have enough money to do all they want in life. One way to make sure this doesn’t happen to you is to start investing in liquid asset stocks.

If you are interested in liquid asset stocks you should do your homework. Take some time to decide which types of stocks you want to invest in.

Liquid asset stocks are those that can easily be sold to get money from them. Not everyone is ready to start buying and selling liquid asset stocks on their own. Liquid asset stocks are less of a risk than many other forms of stocks. One way to make sure this doesn’t happen to you is to start investing in liquid asset stocks.

Liquid asset stocks are those that can easily be sold to get money from them. This is a common process and many stock traders take part in it all day long. Not everyone is ready to start buying and selling liquid asset stocks on their own.

When it comes to liquid asset stocks, it is also a very good idea to try to be as diverse as possible. Because you will either do well or you won’t, placing all of your money in one place isn’t a good idea. Because there is more of a chance that some of these stocks are going to do well for you, when you have a large portfolio you can benefit the most.