subject: Qualities Of The Ideal Betting Systems [print this page] The financial sector is a complex market and people need systems that will offer assistance in spread betting. Spread betting is normally a gamble on the changes and disparity between the buying price and the selling price of financial instruments in a given financial market. Betting systems are placed to ensure the smooth placement of spread bets that will translate to profits for the investor. In fact there are numerous ways through which an investor can trade plus some may work for one and not work for another. Systems for placing bets have some characteristic features that make them to be considered as good or efficient. They include the following:
A good betting system should have low risk coupled with high returns if someone chooses to use it. This means that the risks that are associated in the prediction of price changes should be easy and the amount of loss to be incurred or profitability should be easy to ascertain. This means that the amount of risk and the level of profitability associated with trading should be worth incurring. This will ensure that the worthwhile trading decisions are made.
The betting systems should also be free from indicators since they are unreliable and in addition, the indicators cannot match up to the action of the prices. Traders rely too much on the indicators and consequently lose sight of what the prices are telling them. This leaves the traders making untimely and less profitable trade attempts based on the indicators as opposed to the timely and profitable price based trade attempts.
Simplicity is another quality for good betting systems. Many traders think that the simpler a betting system is, the less effective it is. This is totally wrong. Being simple does not necessarily mean that the system is ineffective. Many systems may be simple and have all the knowledge in relation to the trade particularly with regards to the making of selections with low liability.
Betting systems should also have a set of repeatable setups which are combined with the rules of trade to give a guarantee on a predetermined outcome. The particular outcome is normally accompanied by a winning ration which enables traders to make lots of money out of the trade.
Through the use of the systems for placing bets that are with the above qualities, the likelihood of making trade bets that are profitable is greatly increased. However, it is prudent not to over rely on technology since it is known to have its own defects.
by: Joan Weisman
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