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  • Horse Racing Selection  By : mario-toadstool
    Horse racing selection is gambling, not investing. But so is buying shares or cattle or sowing a crop or buying a McDonald’s franchise. Almost everything in life is a gamble - more so with money matters. With gambling comes risks and nothing is ever 100% guaranteed to work. However, you can dramatically reduce your risks by taking calculated risks only. Calculated risks are based on sound research and evidence, not intuition or luck. Unlike other gambling ventures, horserace wagering does not fully rely on chance. The better informed the player is, the better chance he/she has at making money!
  • 10 Common Mistakes Made by New Traders  By : shervency
    1. Predicting and trading in different timescales

    You must make sure that you match the timescale of your prediction of the price’s direction with the amount of time that you hold your position. For instance, a classic mistake would be if you are trading the favourite’s price 3 minutes before the race is due to start and you see that the price is being Backed heavily and is going down. You think that this horse has a really good chance of winning the race so you decide to Back also. WRONG!!! If you do that you are basing a short term trading decision on a long term view of the price.


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