First question
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Hello to you all hope you are well and profitable.First questions of potentially many for the community.
- What hardware/software do i need to obtain to be a successful trader ?
- Can i do this on mobile ?
- What does it cost to be a successful trader on BTC ?
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@martin To clarify i am looking at trading on a pc to professionalise both the operation and my mindset.
I want to give myself the best chance of success moving forward so yes are there extras outside of BTC that you would recommend ? -
@matt-booker
- Well you have BTC software already so I think you are well set. You can get some trading software for the Betfair interface but I think on your phone there is little point.
- If it's working for you on mobile then I guess you can, it wouldn't be my choice as I much prefer trading on a PC.
- Do you mean bankroll here or extra products? I mean in theory it doesn't have to cost anything beyond having money to bet with.
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Hi Martin.I am starting out at present doing lots of research and doing a very simple strategy on football of betting on a strong home team to win at odds of no higher than 1.33 against a weaker away team of odds 10 and above.I am fine tuning at present but i find trading out if the home team scores first is currently effective and take the money that is available.Starting out with a bank of £100 i am currently on £138.10 it was as high as £152 but i realise i sat in trades for too long and did not exit fast enough.
Definitely looking at adding more strategies at present and seeing what potential markets are within my bets.This will come over time and i know i need to be patient.Currently just using my phone and writing all bets down on paper.
Money is available to invest in what is necessary to move this thing forward and in an ideal world become a main source of income.To my mind its a question of where i put this money.I am currently caring for my mother so i have all the time in the world to properly learn about trading and am absorbing lots of BTC content via youtube and also listen to your podcast whilst out walking in nature( which i find particularly effective!). -
@matt-booker it all depends of what type of trader you are. Have you thought about strategies/which sports you want to trade? We could do with some more info from yourself to answer these as otherwise they are quite objective.
