Friday, March 5, 2010

Tradesharktennis is a service that provides strategies and support for trading the in-play tennis markets on Betfair. Members who join the service are provided with five trading strategies and access to a forum, a chatroom, extensive videos of the strategies being applied and e-mail support from Tradeshark. There is also a Skype service whereby you can view Tradeshark trade a match live (there is an extra charge for this service).

Tradesharktennis is not so much a system but more an education in how to trade the tennis markets. Tradeshark is a trader himself and he set up the website as he feels that it would have been extremely useful when he started out as a tennis trader. There is a wealth of tennis related information on the website although as Tradeshark points out, he is a trader rather than a website deisgner.

My first impressions on reading through the strategies and the forum are very good. The strategies clearly set out the types of matches to trade, the entry and exit points and the expected price movements. Every day Tradeshark posts details of the matches that are most suitable for the strategies. He also gives his view as to who is most likely to win the match and why.

Over the next few weeks I will be trading the strategies. I will start off with the beginner’s strategy and then move onto the more advanced strategies. I will use a bank of £200 and will trade in lots of £10.

In order to trade the strategies, members require access to trading software with hedging functionality. Tradeshark provides advice on which software to use but members should familiarise thenselves with the software before trading live. Another point to note is that all the strategies require traders to monitor the match in-running either on TV or online. As tennis matches take place all over the globe and can last up to five hours, this can be quite demanding on the trader’s time.

There is not much tennis on this week so I will provide an update next week.

Filed under Tennis by Oliver Jones