Noobie post for me - hi all. I did a great 10 day run on BetOnMarkets, starting with $250 odd, and grew it into $10 000 in ten days - using flash bets only. I did it with the GBP JPY - and used a manual fibonacci calculation that I had to plug in numbers on every bet. Each day would net me average of 20-30 trades roughly, not all winners obviously.
It was a risky thing. I also featured on the front page for two or three days - with returns of 1000% something. Anyway, I pulled out $2000 and used the rest for risk capital. Whats funny is that on the last day of my trading success (before my account went to zero), is that suddenly I wasnt allowed by them to draw money (which I had done previously) but had to go through a 3-4 day security vetting process, and most of my trades closed out within a pip of my entry. Which was starkly different to the 10 days of trading.
Anyway, it left a sour taste in my mouth with BOM when I had the Group Customer Relations manager email me and tell me that their data is both "misleading and frustrating".
Their flash bets work with such lag (I have logged countless emails/ complaints) that it truly becomes too much of a risk to do properly. I am looking into longer term trades now, but dont have much faith in the integrity of the system.
I am not advertising anything/selling anything/ wanting anything - just thought I would share my experiences.
Good trading, George