Cheltenham Gold Cup
Posted on March 14, 2008
Filed Under Trading |
Many apologies for not posting for a few days which has been due to press interviews and a slot on a radio programme in the US talking about love, money and relationships! - fame at least!! However, life is now back to normal, even if the markets try to find some kind of equilibrium.
In the meantime real life does go on and today is one of my favourite’s as it Gold Cup Day at the Cheltenham festival. For those of you not familiar with horse racing the Cheltenham Gold cup is the climax to the national hunt season where big hearted horses give their all over some ferocious jumps in Cheltenham.
This year’s Gold Cup is even more exciting as there are two favourites, Kauto Star and Denman and over £25 million has already been bet on this horse race. Until recently horse racing and financial trading had little in common (other than most punters and traders losing!). But this has now changed with the introduction of fixed odds trading which is based on simple odds as in horse racing. Fixed odds trading in the financial markets allow traders and investors to bet on currencies, indices and shares with a fixed risk and reward ratio. In my view it provides the ideal way for new traders to learn about the markets and how to trade without losing your shirt, simply because your downside risk is limited from the start. Just as in a horse race, if you bet £10 then that is all you can lose, no more no less. Details of how I use this strategy will be appearing in one of the London financial newspapers on Monday and if you would like a copy of the article please just email me via the web site. I will also add the article to the web site in due course.
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