For years I have been obsessed with trying to make money trading on Betfair. I read, researched and eventually decided to try and do it. Caan Berry is a full-time trader on Betfair, here he explains what exchange trading is, how it works and where you can get started along with. Ever wondered how these guys with no interest in horse racing can make steady profits by trading? Cold traders read the market and profit from its trends rather. When you are inexperienced the tendency is to freeze in a panic if the market starts to move against you. I should note that I traded via a 56k dial-up internet connection to make that money! Trading is not something that you can easily set up and leave — unless you set up a stop loss position it requires constant monitoring. He is not a full time Betfair trader but a marketing man who uses a fake persona to sell his goods. Each time with a new idea and trying to make it work. What Is Trading On Betfair? We are legally required to state that there is no guarantee of specific results and resources provided are for informational purposes. At the same time I have moved to stock and forex trading, trying to play with the big boys and getting my trading skills to another level, sharing my experiences through my trading blog. Traders also tend to push the over-round close to zero, meaning that the book is close on perfect with little margin given away to the bookmaker. If you are very good, you can win as much money as the markets allow you to. Virtual Private Networks VPN can also help. You need to learn when to scratch the trade, and do it quickly, and when to settle for a loss, and do that equally quickly.