Broadband Connection Speed for DayTrading
5 stars based on
Having started trading the Betfair markets with a dial-up internet connection inI can guarantee that your internet speed matters a lot in your trading performance. Apart from having fast refresh times which means always knowing what is going on, your orders are executed much faster. Broadband speed is very important if you trade in-play markets or if you are into scalping, but if you are a positional trader or maybe you prefer swing trading, speed is not what will make you rich after all.
I always considered myself online trading internet speed Betfair scalper. Scalping is a form of trading that involves very quick trades that expose your bets less theoretically.
Since your trades do not last more than a couple of seconds, you are online trading internet speed likely to get caught up in a major reversal. Additionally you aim for a couple of ticks profit and your stop loss is really very online trading internet speed, not risking more than online trading internet speed to 3 ticks at most. Small profitable trades online trading internet speed up in the end of the day and you can come out a winner with somewhat small risk.
Because you enter and exit the markets in a fast way, internet speed is essential both for executing your orders and for being able to quickly spot a scalping opportunity. When I traded with a 56k dial up connection I had really a tough time to watch the markets, but since I used a broadband connection k at first, upgraded to 1MBit and nowadays 2MBit I watched my profits skyrocket. During the last years, Betfair trading has become more difficult for me. I had trouble entering the market in time and more importantly I experienced big losses due to not being fast enough in exiting a losing trade.
Money kept filling up and emptying the blue and purple boxes of betfair markets in a more frenzy way than in the past, and I had to adapt my trading style if I wanted to keep up with the pace of other traders. Although I was using technical analysis right from the beginning to spot forthcoming odds movements, I started converting my scalping style into a more swinging style. I kept my trading online trading internet speed open for longer periods and was able to grab bigger movements.
Now, in that case internet speed is again important but not THAT important. In conclusion, the faster your trading style, the better the internet speed you should have. I myself never believed internet speed can matter that much in succeeding in Betfair trading, but I was mistaken. And if you believe you are fast enough, check out the following picture I found in the Betangel forum this morning! I will deliver my posts straight to your inbox as soon as they're published.