Gambling Industry Expanding And Players Who Use Gambling Strategies

What does the word Gamble” mean to you?

For the average player the word gambling” means much more than a risky bet. It can stand for just about anything from vacationing, Las Vegas, and even fun. Devised earlier than 3000 years ago, gambling was well documented to have existed in many civilizations. The games we know today are the incarnations of former ones, with adjusted rules. For the length of time gambling was invented, players have always seemed obsessed with trying to use various gambling strategies for games. However, Casinos have always had the mathematical advantage along with an adamant need for stopping the smart player. It has forever become a vicious cycle of exploitive players vs. casinos catching up.

Today, gambling doesn’t even need to be played at Las Vegas or any other casino chains.

Now for those of you who live under rocks or live in a time warp may say, Wait….outside of Casinos?”

Well you see…

1.In-flight Gambling: Eflyte has been developing in-flight gaming and continues to spread its influence on many airlines. Currently they have the world’s first Multiplayer Poker Tournament along with over 60 games for airplanes. Ceo of Ryanair will also attempt use in-flight gaming by next year. Now casino gambling may be common on cruises, but it’s a breakthrough for airlines.

2.Mobile phones can also be used to buy lotteries and sports betting nowadays. If certain restrictions are lifted, it could even mean much more growth in its use.

3.Internet Casinos are also another medium in which gambling doesn’t seem to stop growing; despite being forced to open offshore from the US. This isn’t necessarily bad of course.

The gambling industry is on a growing trend and it doesn’t seem to stop anywhere in sight. Of course, this naturally means that more and more people will be hooked and continue losing to the casinos.

Even the strategic players are screwed over at times with certain technologies being developed. Some casinos even started to implement tracking devices in chips to catch card counters. Those days of Ken Uston and counting machines are getting harder to come by since casinos already know about the gambling strategies used. New mediums such as electronic gambling can stop card counting dead in it’s track.

Winning through strategy can still be done, just as internet marketing can still make some rich. Yet being particular savvy to news and gambling strategy alike can immensely help the professional gambler. That is, unless gambling is only treated as a simple recreation. Otherwise, the best a player can do is to read up on forums and reference news sources for any changes in their gambling strategy.

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Naked Option Writing – The Cadillac of All Option Trading Strategies

Let’s be clear on this. There is no other option trading strategy that can outshine or even equal the profit generating potential of the sport of writing naked options. The term ‘sport’ is used here because those who practice this money making trading technique not only turn out fabulous profits but also have fun in the process. It is a fun, profitable but dangerous option trading sport that is mostly played by seasoned and skilled option players. That is, until the sport’s peril’s were tamed with the use of trading techniques that, while offering substantial safeguards to the player, still continued to offer high profitability ratios, albeit at slightly reduced rates. Having made it ‘investor safe’ has only slightly altered the profit potential of writing nakeds and certainly, without doubt, continues to be the premiere money making trading strategy in the options market.

The birth of the options market in recent decades spawned the creation of dozens of trading strategies and systems that is today being used not only by individual options traders but also by financial institutions. Stock options as an investment instrument is now widely employed as a safe and sound money strategy. The ability of options to give the investor a wide range of choices in stock market investment is what has made the options market grow by leaps and bounds over the last two or three decades. There are dozens of option trading systems being employed by individual investors as well as financial institutions. Each system is designed to accomplish a specific investment goal. A financial institution may use long put options to hedge its winnings in stocks that have appreciated in value, another investor may buy call options instead of stocks to enter a position in a security that has caught his fancy. Still another may sell calls against his stock holdings to generate income from his stock position, or what is now popularly known as covered call writing.

Trading strategies, techniques and systems available to the option trader are so numerous today that it would take a whole book to describe each and that would be just a brief description not a detailed explanation. It would be far beyond the scope of what we could cover in this short article. Most of the strategies are based on the principle of buying calls and puts or, variations of this strategy such as the use of spreads. The reason for the popularity of buying calls and puts and its variations is quite simple; limited or defined loss against the potential for unlimited and fabulous profits. This is what has driven thousands into the options trading game. But like everything else in life there is always a trade off. While the potential for fabulous profits against limited investment exists the reality of achieving such success is restricted. It’s almost like buying a lottery ticket with the potential for winning fabulous riches. Or putting it differently, it’s also akin to going to a casino and placing bets on gaming tables with the hope that at the end of the evening you will come out with more money than you came in. As we all know there are very few winners in casinos and that is why the gaming business offers tremendous profits for the operators.

But one can be an option trader and be in a similar position as the casino operator. How? By being an option writer or seller instead of a buyer. For every option that is bought in the market, there must be a seller or writer of the option. These writers are the casinos in the options business. As the option seller you take the bets from the option buyers and since 75 to 80 percent of all options in the market expire worthless, you the seller pocket the premiums paid by the buyers when the options they bought expire worthless. For the benefit of those who are not familiar with gambling casinos, the winning odds of casinos over the betting player is only around 5 percent and yet they rake in profits from this business. Now imagine this, research and studies have shown that the option writer (seller) has better than 10 to 20 percent odds over the option buyer.

Option traders who successfully use the strategy of selling options consider themselves as having found the Holy Grail of Investments. And of all the variations in option selling strategies (just as many as there are in option buying), writing naked options is considered to be the Cadillac division. No other option selling system offers the profit potential of the naked writer.

So why aren’t there more option writers in the market?

For two reasons:

1. There is the general belief that writing options carries the potential for unlimited losses. This has served to scare away the thousands of novice traders and those who have not been long enough traders to recognize the benefits of option writing and the many safeguards available that conquers this so-called risk.

2. For many, options trading has become synonymous with making big profits quickly from small investments. Option sellers on the other hand, do not have the potential for outrageous profits from any single trade, and by not being a get-rich-quick proposition it is less popular to traders who are looking for big returns on their small investments.

It must be noted however, that option writing is fast gaining popularity among serious investors looking to grow their wealth at a steady, consistent and secure manner regardless of market or economic conditions. For those willing to venture into this lucrative field for long term capital appreciation don’t let the first reason above frighten you into inaction. There are many ways one can protect himself and conquer the element of ‘unlimited loss’ in selling nakeds. One successful naked option writer has put out an e-book detailing a trading system that uses a three pronged strategy that trounces the so-called risk of loss to be almost negligible.

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Reasons a Forex Trader Loses Money Trading Forex

A Forex trader can lose money in Forex trading easily for many reasons. The first reason is because they do not understand the core fundamentals of Forex trading. It is neither an investment nor gambling. It is very important for online Forex traders to understand the foreign currency market trend. The trend is our friend and we do not want to trade against the trend.

Many fx traders can identify the trend with their Forex platform but they do not know when is the best time to enter the Forex market or the best time to exit. Most of the people always want to buy at the lowest price and sell it later at the highest, or vice verse. However, these currency traders have forgotten that they are not the “gods of trading”, and that lucky trades do not happen all the time.

When a Forex trader does not have a clear Forex strategy, he will just bet on his luck. If he does that, his winning probability is only 50 percent. A proven and tested Forex trading strategy should have a probability of at least 60 to 70 percent chances of winning. It is very important to learn from a Forex trading expert with a proven track record.

Another reason that a foreign exchange currency trader lose money is that he does not have a sound trading system. As a beginner, he must set a goal on how much he wants to earn from the Forex market in a specific period of time. The winning strategies will be based on this goal, and set how many pips he should aim to earn every day, or every week, or every month, from now. That, coupled with the power of compounding, the fx trader would know when he can achieve his financial freedom.

However, even with the best foreign exchange trading strategies, a Forex trader can also make losses due to the lack of discipline. As an analogy, even though everyone knows that we should stop when the traffic light turns red and only go when the light turns green, but there are still many people who try to beat the traffic light by driving past quickly even when the light is red. Similarly, many Forex traders, especially beginners, would be tempted to trade, even when the signals are not right. Aggressiveness is the number one losing factor for many Forex traders.

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How Beginners Can Start Making Money Through Forex

If you are in need of a business to invest your money to get profit, I recommend Forex trading. There are other markets such as futures, treasury bonds and stock that you can invest your money into. But the reason why Forex is far more preferable is due to its liquidity and affordability.

Unlike other markets whereby you are not permitted to withdraw your money since it yields interest gradually, you can withdraw your money in Forex anytime you choose to. In Forex market, you determine how much you make daily depending on how good you are. Forex trading takes place throughout the day and 6 days a week since people from different parts of the world do business in different time zones.

Anyone who wants to trade in the Forex market will have to go through the brokers. Most brokers have almost all the currency pairs, gold, silver, diamond, and other equitable items such as real estate, crude oil etc. The broker provides this service for you and also advices you on the commodity that is best for you trade on.

The good news is that things have been made easy and average individuals can now participate in Forex market. Individuals who do not have enough money can borrow $500 and refund it gradually as they begin to make profit.

Forex traders analyze the market before placing any trade. That’s why the Forex market is not a gambling game as many people think. There are two ways to analyze the Forex market. They include the fundamental and the technical analysis. The technical analysis deals with the use of chart and charting indicators to predict the direction of the market. The other one, the fundamental analysis deals with the use of reports from the government to predict the direction of the market.

Traders’ opinions are quite different. Some traders rely solely on technical analysis. They believe that the technical analysis gives them all they need. Some traders on the other hand prefer the fundamental analysis while many other traders use both for analyzing the market condition.

The Forex market can be traded anywhere in the world. You only need a laptop, PC or a VPS (Virtual Private Server) to ensure that you are always online. Gone are the days when you need to stay with your computer whenever you place an order. Metatrader has made everything easier. In metatrader, you can place a stop loss or take profit and go anywhere you want. I shall cover that in my next post. Also, in place of VPS, you can monitor your trade with smart phones.

Apart from the client based version, an investor can decide to trade the Forex market by making use of the web-based version. The web-based version is only recommended for the professional traders. The best version for the newbies is the client based version to enable them to trade effectively.

Studies show that over 4 trillion dollars are traded in the Forex market. This makes Forex the largest market in the world. This indicates that anyone with good knowledge of Forex can make thousands of dollars.

An important question to ask by prospective Forex traders is, is the Forex market risky? The answer is definitely yes. Just like all other businesses, Forex trading can be very risky. In fact, due to the volatility of the Forex market, Forex is by far riskier than other businesses. However, with a good knowledge and money management, you will trade successfully and make thousands of dollars. As a newbie, it is advisable to risk little money on each trade you place to prevent exhausting all the money in your account.

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Things to Be Careful With While Trading Forex

For many years, currency trading has become a profitable way of earning money. Since the Forex market is one of the fastest growing markets in the world, more people are getting involved to ‘grow’ their money with trading Forex. As promising as it sounds, there are still a few things you should be careful while trading Forex. Here are some tips to help you earn more money while trading Forex.

Most people may think trading Forex gives a good opportunity to earn fast money and try their luck in succeeding in the Forex market. However most of them fail to because they lack understanding about how the Forex market works. If you think you can succeed in this market in a short time and with great luck, you are wrong. You have to spend lots of time understanding the mechanics of Forex trading. Please remember that there is no such thing as fast money and earning by luck in Forex.

There are lots of claims to automate your income with Forex bots or software. Please take note that there are no such thing as automatic income. To understand the software you need to spend great time to understand how Forex works and monitor the software closely. Like any other robots, the function is to help you automate your trading and make your life easier but if you are not in charge of your trading, you will suffer great financial loss. Please check out reviews online before purchasing a Forex bot in the market.

Remember when you were in school and your teachers told you to not only study hard but also smart? Same principles apply in Forex trading. Most traders think that as long as they work hard without any help, they will succeed. It is best to learn from a reputable Forex trading company or consultant rather than just learning by trial and error.

Another thing to be careful about in this market, is to always be alert at all times. As the market fluctuates fast, you must always be on your toes. You must always be updated about the world market news at all time and keep in touch with political events.

Never trade Forex for fun or based on emotions. Unless you have money to burn, trading currencies takes lots of dedication and hard work. If you allocated certain funds to invest in Forex, just invest with those funds and not more. Even though trading Forex is legal, it is quite similar to gambling so you must promise yourself you must always be in control and do not let the trading be in control of you.

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