This page will help you step- by- step to setup a Betonmarkets Account and begin trading.
The easiest way to learn more about Betonmarkets is by signing up for a Free account.
You can do so by CLICKING HERE (When you do sign up for a Betonmarkets account, make sure you sign up for an account in the MALTA jurisdiction so that your account will start with MLT. That is the only jurisdiction where I am a Guru.)
They offer a virtual account as well so you can start with paper trading until you get comfortable with their system.
85% of the trading I do with Betonmarkets is based off their Intraday Up/Down bets which I will explain in more details below. I suggest opening an account first though so you can see exactly what I am talking about. (It is free to sign up for an account and you don't have to deposit any money to start with)
The other 15% of my trading is BULL/BEAR contracts which tend to last a few days to 2 weeks.
Now that you have a brief description of what Betonmarkets is (hopefully by now have your own account), I will talk about my Betonmarkets Guru Service.
Guru Service
The Guru Service is just $20 for the 30 day service.
(The Guru Service can be signed up for by CLICKING HERE )
Here is what happens when you subscribe to our Guru Service....
Each time I place a trade with my Guru Betonmarkets account, Betonmarkets will send you an email to the email address you have registered with Betonmarkets.
The email will look something like this......
Dear Subscriber, I would like to let you know that I have effected the following on the BetOnMarkets.com betting system :
EXECUTED: BUY/SELL: BUY
BET: Intraday Double Up : win USD10 if USD/Japanese Yen is lower at 13h10 than at 13h40 GMT on 27-MAY-05.
PRICE: USD5.2
1 star bet
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The "EXECUTED" line shows that I (BUY) bought the contract. (That DOESN'T MEAN I AM LONG OR SHORT. IT ONLY MEANS THAT I BOUGHT THE CONTRACT FROM BETONMARKETS.)
The Next line is the "BET" Line. That shows you the exact trade I placed. It was an Intraday Double Up bet on USD/YEN. In a nut shell, if at 13.40GMT the USD/YEN is higher than it was at 13.10GMT, I would win the bet. And in this case they would pay me $10.
The Next Line is the "Price" Line. That is how much I paid for the bet which was $5.20.
The Next Line it says "1 star bet." I have 2 different type of bets. A 1 star bet and a 2 star bet. The 1 star bets are the majority of my trades. On occasion I will place 2 star bets which I feel are a bit stronger. I put more money on them than I do on 1 star bets.
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So after getting an email from Betonmarkets you can place the same trade I just placed with my Betonmarkets account.
Make sure you read the important tips section later in this page but here are the steps that you would have done to place the above trade:
(BEFORE YOU READ THE FOLLOWING, PLEASE HAVE THE BETONMARKETS PAGE IN FRONT OF YOU TO GO THRU THE STEPS OTHERWISE IT MAY BE CONFUSING.)
1. You should already be logged into your Betonmarkets account. (Always be logged in from 7am-10am EST which is when 95% of my trades are placed)
2. Click on the Intraday UP bet section. A screen will pop up that says "I wish to win USD $500 if the USD/Japanese Yen is lower at 1400GMT than at 1500GMT. (Those time frames or $$ amounts could be different. Just use the drop down box to change how much you want to bet etc..)
3. Well, say I want to bet on the USD/Yen and I want to bet say $100. The time frames to use are 1310GMT to 1340GMT. So my screen would read the following.....
"I wish to win USD $100 if the USD/Yen is lower at 1310GMT than at 1340GMT."
4. I then hit "Calculate cost of bet" A New screen will show that it will cost me $52 to place this bet. I can then go ahead and buy the contract. It will give me one more confirmation screen. I then click ok and have now bought the bet.
You can find your trade in the "Portfolio" Section of Betonmarkets. After the contract has expired (In this case a few minutes after 1340GMT), you can go into your Portfolio section and see if you won. Then you can "Close" out your contract either with full profit of $100 in this case or $0 if you lost.
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Important Tips to know
* 95% of all my trades that I place with the Guru Service are between 7-10am EST (11am-2pm GMT). If you aren't available during these times, it probably isn't worth it to be a subscriber. But if you are available for even just an hour a day during these time frames, it may be worth it to you as you can catch a few trades a month which could add up.
* You will get 2 emails per trade. The first one in the "Executed" section is a BUY which means I am getting into the contract. After the trade is complete and I close out the position of my portfolio, you will also get an email that will say the same thing except it will say "EXECUTED SELL." This means I closed the position out. So if you decide to place trades based on this guru service, you only need to worry about emails that come through that say "BUY" in the Executed line.
* Make sure you have your intraday bets set on 10 Minute intervals. (You can do so by clicking on an Intraday bets and in the 3rd line where it gives you the starting and ending time just to the right it says "Switch to 10 minute intervals")
* Make sure you are logged into your Betonmarkets account from 7-10am EST (11am GMT-2pm GMT) as you don't want to have to spend time logging in after you get an email. You only have a few minutes for each trade to take part in it.
* Betonmarkets has a rule where you need to place a trade at least 5 minutes ahead of its starting time. So in the example above where the starting time was 1310GMT, I had to place that trade by 1305GMT. What usually happens is I place that trade between 1301-1303GMT so you only have a few minutes in order to get your email and place the same trade yourself. (Betonmarkets emails come within a few seconds. I have tested them myself) My point is that you may only have a couple of minutes to place the exact trade that I placed. However, if you happen to miss that time frame you could use a 10 minute later STARTING time frame. (ALWAYS LEAVE THE ENDING TIME FRAME THE SAME THOUGH) So in the above example say I placed my trade at 1302GMT but you didn't get to reading your emails until 1309GMT (7 minutes later). You could place the same trade as I did except instead of a starting time of 1310GMT you could put a starting time of 1320GMT with the ending time of 1340GMT. The 30 trades that I placed in May produced only a net 1 loss difference when I placed the trades 10 minutes after my starting time.
My Star 1 trades in May had a record of 21 wins and 9 Losses. However, if you would have placed the same trades I did but with a 10 minutes later starting time (same ending time), your record would still be 20 wins and 10 losses. Still a GREAT winning rate. So if you happen not to make the same trade as I did it still may be wise to consider using a 10 minute later time frame. (I WOULDN'T RECOMMEND TRADING MORE THAN 10 MINUTES LATER than our starting time frame.)
* I don't trade $$$ for people. I trade for myself and offer the guru service so you can see the trades that I place. (I have other betonmarkets accounts and also trade in the Forex market so this Guru Account isn't the only money I place on a specific trade necessarily)
RESULTS
May Star 1 Trades 21 Wins 9 Losses
May Star 1 trades (If using 10 min later starting time) 20 Wins 10 Losses
May Star 2 trades 1 Win 0 Losses
Taking the trades as I did in May... If you would have risked $10.40 per Star 1 trades and $20.80 per Star 2 trades, you would have a NET PROFIT of over $160!
If you were betting $100 per bet, you would have had a profit of over $1600!
June's Results will be posted in early July. However, I took a 2 week vacation for the first 2 full weeks of June so I won't have as many trades for June.
If you are interested in the Guru Service that I offer please
The price is just $20 for 30 days of Guru Service.
If you have any questions on the Guru Service, you can Instant message me on Yahoo Messenger at alleycatips or drop me an email at alleycatips@yahoo.com
I NEVER MAKE RECOMMENDATIONS. THE GURU SERVICE IS FOR ENTERTAINMENT PURPOSES ONLY! IF YOU DECIDE TO INVEST YOU DO SO AT YOUR OWN RISK.