Posted by forex at 1:43 AM
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1. Sign up for a fixed odds bookmakers account to start trading. There are many websites, such as Betonmarkets.com, where you can practice, as well as place trades in real time. (See Resources.) Practice accounts will have $10,000 virtual dollars to be used when practicing. This will help you to get a feel of the real online fixed odds trading. Get acquainted with the commonly used terms used in fixed odds trading to increase your profits.
2. Buy a one-touch bet if you feel confident that the market will touch a specific point before your bet expires. If the market touches or trades through that specific amount prior to the expiration date, you will gain a profit.
3. Purchase a no-touch bet if you believe that the market will not reach a certain point within a certain time. This type of fixed odds trading is the opposite of the one-touch bet.
4. Trade on online fixed odds using the double up bet, if you believe that the market will rise above a given level from the time that you bought the bet and the closing date of the trading. The double-up bet typically pays twice the premium if the market goes up past a specific level.
5. Bet using a double-down bet if you believe that the market will fall below a certain level between the time you purchased the bet and the time trading is closed for the day. When trading on online fixed odds, it may take a few trial-and-error sessions to get familiar with it.