Gambling or binary trading – which offers the best payouts?

By admin on Saturday, December 15, 2012
Filled Under: Forex and Binary trading

It’s a bit of a debate whether binary options should be classified as gambling or not. I guess it’s up to each and everyone to make up their mind about it. In my own opinion, I wouldn’t say it’s gambling per se. I know there is a risk involved, but when investing in something there always is, and I don’t feel that that fact alone defines financial trading as gambling.

Coming from an economical point of view, which alternative is more likely to generate continuous profit for us? For me the answer is clear: Binary trading offers a much higher chance of financial wealth than gambling does. Take classic casino gambling for example. In a game like roulette, there’s absolutely nothing you can do to affect the outcome of any particular event. The most common way to bet is to choose either red or black, but it’s all down to chance after that, there’s no way of realistically predict the outcome. I guess it would be the same thing as trading with binary options and choose a position without having any idea of what you’re doing, but even then you have a 50% chance of being correct. In roulette, there is the green slot that always gives the house an edge so that your chances are always a tiny bit lower than 50%. The same goes for every casino game really. The only strategies that we can employ are strategies that are designed to make your chances of losing as small as possible, but they will always be higher than your chance of winning.

If we move on to other forms of gambling, such as poker or sports betting, they are more close to binary trading. In these forms of gambling you actually have a chance of developing a skill set that will make you a favorite to win in certain cases. Poker players learn the odds of each hand, and combined with developing reading skills they can actually higher their chances of making profit quite substantially. However, theirs is still a massive element of luck involved, considering you can never predict what the next card will be. In sports betting it’s the same, you can read up on each team before a game to further increase your chances of being correct, but yet there are so many factors that you can’t control, so it’s hard to say with full certainty whether your bet will win or lose.

With binary trading, on the other hand, if you learn the basics and keep updated on market news, theirs is a great chance that you’ll be able to predict the future market price on certain assets very precisely. I’m not saying it doesn’t takes a lot of practice before you will start making great profit, but it’s actually quite fun to learn. It has the benefits of keeping you updated on what’s going on in the world, which is not something that will just help your trading career, but also in life in general. I there form warmly recommend anyone that has thought about getting into financial trading to give it a shot. You can find tons of guides, tips and reviews of different binary brokers on websites like binaryoptions.pm, which you can find if you go here. There also a spanish language alternative called opciones binarias estrategias!

Why do people choose Forex trading?

By admin on Friday, December 14, 2012
Filled Under: Forex and Binary trading

Forex trading has become the world’s most common form of trading, and the Forex market is the largest market in the world. Unlike the stock market, for example, the Forex market is open 24 hours every day during the business week, with a whopping $1.5 trillion changing hands every single day. One of the reason as to why it has become so large is due to the fact that Forex trading has become very easily accessible thanks to the many Forex brokers that have started to pop up on the internet. This has lead Forex trading to become a financial trading platform for the public as well as larger institution.

So why have forex trading become so very popular? Well, for one, people have been trading with currencies for several hundred years, so it’s not exactly new. Although it’s very different now than it was just 100 years ago, currencies is something that we can all relate to. Whenever you go on holiday you will exchange your own country’s currency with that of a new one. It’s not as common for “Everyday-Joe’s” to trade with stocks for example.

Another reason to why it has become popular amongst people with an interest in trading is that  lot of today’s brokers offer high leverages to their clients. This means that there is a chance to profit greatly in a short amount of time if you know what you’re doing. On the other hand, the higher you leverage is, the higher the risk will be, so you really want to know what you’re doing if you want to take advantage of offers of high leverages.

Thanks to the many trading communities that started to develop a few years ago, Forex trading has started to really blossom. With an already established community where traders exchange tips, lessons and arrange seminars, it’s much easier for a new trader to get in the game and start learning. The amount of information one can find with just a Google-search is amazing, so new traders really have all the necessary tools to become successful available for free. On websites like the spanish trading website cambio de divisa as well as forextrading.pm you can find the best broker, bonuses and trading platforms as well as guides and tips for forex trading.