The Footy Trader

FOREX TRADING

Another day of profit with the forex trading. Full details are available to members of the Wizardgold Member site. Easy to sign up in the left side panel and you get the full skinny on how it is going with the trading.

Also for members is an offer of one gram of gold for free. That will be worth about 15 euro and don’t forget that gold has risen in value by more than 25% in the last year.

There will be videos available in the members section also that I will use to show you how to place trades and how to close them and take the money, when there is some to be taken.

I now have a live account aswell as a demo account and if you want more information on how that is going you can become a member of the Wizardgold Web site and get a daily report on the state of the profits. Yesterday I put in $1367 to trade with and I have increased it to $1417.17 in less that 24 hours so far.

The demo account in the meantime is in a drawdown and is showing a profit figure (this is the number I look at to take money when there is profit there) of minus $4200 approx. The largest drawdown I have seen on this account is minus 6000 and about a week later I was taking profits of 800 dollars off it. So you can see it is just a matter of time for the correlation between the heddging pairs to go in the other direction and I will have more money there to hive off into the balance which is now standing at $20,392. Shame it wasn’t real money but no worries I will get the live account to that in a few months I think.

More About the Forex trading in the latest Podcast

If you are struggling to be able to listen to the enhanced Podcast in the m4a format  you might like to head off to this website where you can get it as an MP3

Missing the trading on the football and the horses but the IRIS system isn’t going to be there for me soon and the football only goes on until the season finishes in May. Trading Forex is the way forward.

This is an article I found on the Digg site and I put it up because it is always good to read as much as possible about forex to expand your knowledge and be better informed.

For me the though the best system is the Freedom Rocks Forex trading system

Let me first say there isn’t one best Forex trading system that works for everyone. There are lots of great Forex trading strategies and Forex trading systems but to say there’s only one, would not be a true statement.

read more | digg story

Here it is – the latest podcast from Wizardgold and in this episode I talk about Freedom Rocks, which is a method of trading FOREX.

I also mention plans for trading football later and talk briefly about the changes at STW that have pushed me to re consider the work I was doing with the horses, although it was successful and was making me money. It was a good opener when I told people that I was a professional gambler but I doubt if I will get such strange looks when I say I am a forex trader. I didn’t care what people thought anyway, just so long as I was making money doing what I was doing.

I would put on a contact form but  I upgraded WordPress today and the plugin for that isn’t working on the new version. Use the comment thing below to send something to me.

I am working on the Podcast right now. I have just taken a small break in the recording, to tell you. The whole of the podcast is dedicated to trading Forex and the Freedom Rocks system of trading. As you know I have been trading a demo account since 1st of December which started with 10 thousand dollars in it. Today the balance stands at over 20 thousand dollars. It took me only seven weeks to double the balance.

Just had a look at the Sportinglot.com Web site which is the site for STW betting software and it looka like IRIS is back today and available from Wolverhampton. Wish I could have left soome cash in the Betfair account so I could take advantage of it.

Just testing the plugin for Wordpress that inserts the Revver Video’s into the Blog. – Normal service will be resumed soon. I promise…
revver(118675)

For the last few days I have been unable to do anything with Betfair trading and it will be that way for a while due to the change of course that was planned to happen soon being brought forward. The change is that I am moving the money to the Forex Broker account. I was doing OK with the IRIS and making the money on the horse races and will miss working the afternoon shift when the races are on. But due to sme changes that are afoot with STW and I don’t know how it will play out and the fact that IRIS was offline on Thursday due to the weather and then being off until Monday or Tuesday because of some testing taking place, I thought it would be a great time to move the money.

Instead of the money sitting there, although I would have done something with the football instead this weekend, better to have it moving to where I will be able to have it working 5 days a week, nearly 6 days with Forex. Better when IRIS was offline that when I was bringing in the cash with it.

Just to recap – I have taken a demo account from 10k to nearly 20k in seven weeks. The system being used had a severe testing at the begining of the month and passed with flying colours, so the time it right to go live. I have been looking at Forex trading for over a year now and I feel really confident to get stuck in with the system. The live account is all in place and all I have to do is get some cash in there.

So what is the mad for Video about?

Well in the last couple of days I have found aout about Revver where you can make some money by sharing video’s either ones that you made yourself, like the football video with STW and the horse racing with IRIS video’s – Or by sharing the videos of other people. For example a series of videos that I truely love because they are so funny are those by Ask A Ninja. He is just so funny it is amazing, it really is.

So I have been posting the shared videos from Revver both my own and the Ninja ones because there is money in it. I didn’t know there were so many video sharing sites. have not made much with it yet but it has only been a couple of days so far and it takes time to get things moving. Also you can make some more by joining Flixya too. You need to have a Google Adsense account for that one though. or you can set one up now. It all helps

So why don’t you go and set up a Revver account and share my Revver videos with your friends and anyone else that you think might like them. And you can get a 20% share of the revenue from them.

If you want to learn how to Video Podcast there is no better place to start than with this video – Very funny too

Revver and Flixya are a ways of sharing video and perhaps making some money out of it. If this works out you should see the video bleow this text. You can see the higher res version is you subscribe to the RSS feed in iTunes, but for those of you that have problems in seeing Quick time movies here it is.

horses for courses
Unfortunatly today there was no IRIS and there will be none until next week. I am going to miss it. I decided it would be a great time to bring all the money into the bank account and have it there ready to fund the Forex live account. I will make more money with the forex hopefuly, and be less affected by circumstances like IRIS being offline like today. Of course there will be ups and downs but non of the days where a donkey goes and wins a race and takes away the profit for a day or two.

If you have some videos that you want to share the Flixya will let you do that and you can make some money doing it too. It can be other Flixya videos that you share and make money with. For example id you share thelink for the video clip above after you have become a member you will get money for any clic throughs on the advert that is at the end of the video.

Join Flixya now

I missed most of the races because of being delayed on my trip to Girona today. I was supposed to get back home in time for the first race but it didn’t pan out that way. I did get back in time for the last 2 races and I made 33 euro less the commission on those.

I was keen to do some more in the evening and I was looking at the Newcastle vs Birmingham game. I had it greened up for a very small profit before the game started by backing the unders and than laying off. I did it using the scalping tool in STW. I thought I could get more out of it and put some more on the unders. I went in to sit on the sofa for a while and I was going to check it just 5 after the game started, but the film that was on kept me until the game had been running for 15 mins and the first goal had been scored. The under and over 2.5 expert would have probably put on some more money and then laid off soon after. What I did was to place a couple of lay off bets to reduce my liability. When the second goal went in it wasn’t looking too bad I could have traded out to a loss of just over 4 euro. Seeing as it was 0-2 to Birmingham I reckoned on a very high possibility of Newcastle getting at least one goal and killing the under over market. I had it set so that if that happened I would have a loss of just 40 cents. I could have gone for a profit number on that but I decided to keep the liability as it was at 18 euro.

I also had a bit of a scalp with Valencia vs Getafe. I am greened up on that one and just waiting for the game to end so I can have the small profit added to my account. Oh I nearly forgot I had a little bit of cash off the Surs vs Cardiff game too on the under over market.

Forex trading
I have my live account set up and I am ready to go apart from putting some money in it. I am scraping around for all I can get to start at a reasonable level. The demo account that started with 10K now has just a tad over 7k profit on it. I would like to continue with the horses and keep taking the money off the races with IRIS but I can’t do both. I am looking for a job also so that I can get some funds together to add to the money for the forex and also if I can have a betting bank and do the both. Although if I do manage to get a job I will have to concentrate on the forex as I would need the afternoons free to work the UK horse races.

Mind Set
I was talking with some friends yesterday and what I am doing to make money came up in conversation. They had the old notions about gambling and betting and were not even aware that you can now place a bet on a horse to lose a race, or for it to NOT be a draw in a football game. Thank goodness for betting exchanges. Thank goodness for software like STW that allows me to do some easy money making on the Betfair betting exchange platform.
Where the mind set comes in to this is that I start the day expecting to have profit at the end of the day and if it does go against me I know that for sure I will have profit overall in the long term because I have a betting plan. I don’t chase losses and I have a staking plan that fits with the techniques that I am using that give me the edge that you need to be able to make money doing this activity, which could be described as Professional gambling.
Makes a good start to an interesting conversation when people ask you what you do for a living and you reply “Professional Gambler” Raises a few eyebrows for sure.
Anyway the person I was talking to said that what she expected of a trip to the horse races ( a session gambling) was that the money that she had to throw away was for throwing away and only to be regarded as part of the cost of enjoying a day out of that type.
It is true to say that you should not be doing this with money that is for putting Weetabix on the table, but I do know some people that are in fact professional gamblers and do just that becase they are able to because they have learned the Mind set to be able to make consistant money doing it. Also they don’t have other income either so it really does put food on the table.

For my own view on it I see starting any business as a gamble. Like a shop for instance. I took a risk setting up a shop in the local town and to be honest it didn’t pay off and it cost me plenty to put it into action. I was able to start earning money by trading on Betfair with a whole lot less. I can tell you.
Honestly you have to see this thing working to get the full picture and get away from the idea that it is a slippery slope to drug and alcohol abuse along with addiction to gambling leaving you as a shadow of a man lying literally or metaphorically in the gutter.
I don’t say this to encourage to you to do what I do because it may not be for you if you don’t have the right way of thinking, but just as a discourse that came about from observing people’s reaction to my placing bets as a way to make money. You still have to know what you are doing with this and be using the right tools for the job.

So far today I have been doing the STW with IRIS on the horse races at Southwell. I missed the first race because I was doing something else and wasn’t too worried anyway as it was a short 5 furlong race and they end to be more difficult to get it right anyway. I didn’t get a bet on 2 races because the odds were not right for me to place the trade at the 2 furlong marker as I prefer.

The profit today is 45 euro approx which is about 6 percent of the bank. The profit for the last seven days stands at 148 euro. So it is all going in the right direction. A good increase for the size of the bank.