As you know from this blog, I have always been a big fan of casino gaming. I’ve played at various casinos online over the course of several years, and although it is still one of my absolute favorite hobbies, it would be a lie to say that I never get tired of them. The thing is that if you play too much and too often, the games are going to become pretty static, as most casino games are pretty repetitive. Therefore, a couple of years back I started to look for alternative ways to spend my online time, which involved money, and I soon found out about online trading. This was interesting as when you gamble, you are always playing a game of chance, and there’s no way of knowing or controlling whether you will win or lose. However, financial trading gives you a much better opportunity to control the outcome of your “bets”.
The first thing I tried out was binary options. After reading up on trading on various websites, such as www.binaryoptions.pm, it seemed to be the general opinion that binary options was the easiest way of getting started in the world of finance. Binary options are quite simple, you could think of them as betting on a game of football, but instead of a football game you are betting on a financial asset. So in a football game you would bet either on team A or on team B to win the game. If you are right, you will get your money back along with a reward that is based off the odds you were getting on that particular game. In binary options, instead of betting on football, you would bet on an asset, such as gold for example. So, let say you have a feeling that the price for gold will go up within the next couple of hours. You will then buy an option based of that assumption: That the price of gold will go up within a specified time frame. If you are correct, you will then get a return of your investment. If you are wrong, however, you will then lose your investment.
When it comes to binary trading, you have a much better chance of guessing the outcome of the future value of a certain asset as you can look at current events that will determine the assets future value. This is something you can’t do in casino gaming, for example. Casino gaming is entirely based on chance, meaning that whether you win or not is depends entirely on if you’re lucky or not. By reading alot of trading guides as well as keeping updated on financial magazines, you actually have a really good chance of predicting the outcome of a binary option succesfully, which gives you a much higher chance of making money off binary options rather tahn betting your money in a casino!
Another form of trading that is really fun to try out, especially if you are into casino games is Forex trading. Forex trading basically means that you trade currencies on the foreign exchange market. The idea is to buy at a low price and sell for a high price, just like in the classic form of trading. The difference from traditional trading however, is that Forex trading is a much faster way of trading than stocks form example, as the fluctuations are much bigger on the currency market. Visit www.forextrading.pm in order to learn more!