If you are a regular trader and have visited my other sites, you will know that managing and retaining your working capital is key to your success. Lose all your capital and you are of the game. With a fixed odds broker, your downside risk is always known before you enter the trade – it never changes, no matter whether this is a flash up bet of 2 minutes, or a long term barrier range bet over 20 days. If you lose, it will only ever be the fixed amount of the bet that is lost, so fixed odds trading is an excellent way to trade, both for professional traders and novice traders alike. It is one of the methods I use myself often when markets are trending or consolidating as it allows me to place simple trades which benefit for such price action.
Fixed odds trading also allows you to start with a very small amount of capital – you can even start with £10 or 15 euros. Now unlike the retail forex you do not have to worry about leverage or margin which wipes out new traders in days. Unfortunately this is the dream that is sold by many forex brokers, that you can start trading currency with a very small amount of capital. What they never explain is the risks you are taking, and that 95% of retail forex traders fail because they have insufficient capital and are over leveraged. With fixed odds trading this is NOT an issue – I hope I have made the point! Opening your account is very easy, and the broker provides a demo account so you do not have to start trading real money straight away. Practice in your demo account first, and try out all the various types of trades until you are comfortable. Once you are ready, start small, and if you need any further help, please just have a look at my other fixed odds site which explains many of trades available and how to use them in practice. So go ahead and get your fixed odds trading account here and get started in financial trading using fixed odds with a fixed odds broker.