How many people ventured into the Forex trading market? How many people can honestly say that they profited solely from placing winning trades? The answer is less than 10%.
Many forex traders may not admit it, but 90% of the income earned from forex was from teaching people, holding seminars and workshops and charging ridiculous fees. The forex bug hit the Internet with such a flurry that many people have not yet recovered from.
Many Nigerians can safely say that they lost huge investments from trading the markets either with a robot or using a trading system, some even used signals and all these had to be acquired at exorbitant fees. The same way the forex bug hit the Nigerian market is the same way it is leaving, very fast!
Now it is Football trading. This is going to be the next big thing soon, coupled with the fact that the average Nigerian is football fanatic. But make no mistake, it takes more than predicting matches to survive in this business and the sooner you realize it the better. Forget about opening an account with a bookmaker with just $10 because all you make will be peanuts. There are guys in the UK who live on football ufabet. Do you think they start with a capital of 10 pounds? Heck no! You have to ask yourself a simple question. Am I doing this to earn income or as a pastime hobby?
Even if you have a huge capital to invest with you have to have strict money management skills and employ a system that can guarantee you wins in the long term. What I mean by long term is even if it is the 2012/2013 season you system would never become obsolete. In the end my advice would be that you try not to be caught up in bad bets. Never invest money you cannot afford to lose, football trading is a gamble but a much more better one with the possible outcomes than forex.
It is safe to also say that many people should consider this as a means of generating residual income from home. And we should all take advantage of the fact that many online bookmakers offer free bonuses to join, so in any case you can use this to your advantage and test any betting system using the free money given to you as a new comer and invest in football betting.