Betfair Trading Community Podcast

One thing that upsets me is when somebody loses money on a betting or trading strategy.It's never nice to hear that someone has lost money, especially in an industry where we know it is possible to make great long terms gains on your financial investments by trading. What is even worse is how most of the time this could have easily been avoided.The number one most common mistake traders make is that they do not test a strategy first before putting money on it.It doesn't matter if it is your own sports trading strategy or a system developed by somebody else, you must always test it without using real money first!