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Thread: BetOnMarkets sounds awesome! But need ideas on how to trade it...

  1. #1
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    Default BetOnMarkets sounds awesome! But need ideas on how to trade it...

    Guys,

    I was introduced to the betonmarkets (BOM) system today from marketing guy over the phone. I was surprised that afterall my research into forex that i haven't heard of anything like BOM. He is trying to sell his system which looks like some sort of trending system(it just shows the currencies listed with either UP, DOWN or NO SIGNAL arrows next to them. He wanted to sell this system fro $9000. The company name is next generation group nextgenerationgroup.com.au.

    The marketer showed me a live trade example and he seemed to do well on the 'flash'style of betting. (Using the flash method of betting which allows the user to win simply if they say the market goes up or down within a certain time.) He won his bet he placed and showed me how to trade using his indicators.

    Now what was spinning in my head was how to do this myself. it obviously looks like some form of trending indicator which worked good for the 2min timeframe. I tried a few trending indicators of my own such one I made up out of the MACD, Scheoff trend indicator, and awesome oscialltor and i worked ok but im looking for something better

    So can anyone recommend a solid indicator for the 5min timeframe that is a trending indicator? It seems scalping indicators would work best for a system like this. Open to suggestions.

  2. #2
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    Hi,

    I had a similar demo with Andy from NextGenGroup yesterday and was impressed with the way he traded/bet using betonmarkets using the trend indicator software they want to sell. I was just wondering did you end up buying the software or came up with any sort of your own trending indicator. I'm just not exactly sure how legitimate this software and bettig would be and if there is a realistic chance of making money by trading properly or it could be one of the scams. Any more information you have would be extremely helpful.

    Regards
    Mihir

  3. #3
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    I traded BOM, a few years back. The key was to anticipate volatility, and keep your bets under a small timeframe. Also, you can use the bets as a pseudo-stop loss for positions elsewhere.

    Nicole
    Last edited by ForexChick; 07-26-2010 at 17:07. Reason: add info
    Make Easy pips DAILY with Forex Dynamite

  4. #4
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    Default Best Forex Robots

    If you want to increase your forex trading, and profitability in the market, then this article will definitely help you. This article is very constructive for discouraged forex traders. This article is very helpful if you want to earn profit in less than half an hour with almost no effort. This will be very helpful for expert as well as new forex traders. I assure you that you will not find such a useful product any where else.

  5. #5
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    Does market betting have anything to do with forex or is it completely differenet?

  6. #6
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    I had a similar start with one the binary options trading platform marketing managers from Beaned..since I was clueless about this form of trading, I was struggling to get a demo account at first, since I don't want to invest my money just like that..found out that these guys don't offer demo account because of low conversion rates to live accounts ! anyway, I eventually convince him to approve it, will let you know about this..some crazee promotions I saw, don't know

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