29

01/13

Reasons to trade Forex instead of gambling

3:32 pm by taiwanfm. Filed under: Financial Trading

It seems that lately, as Forex trading is increasing tremendously in popularity, a lot of online gamblers are getting interested in trying it out. Although forex trading is not defined as gambling, it has a few similarities, so it’s not a big surprise that online gamblers emigrates from casinos to forex brokers. Forex trading has several benefits over online gambling when it comes to the financial side of things.

First of all, playing at online casinos will not likely make you a rich man. Its common knowledge that the online casinos build their games after algorithms that will make them always be a slight favorite over the gambler. There is no tactic in the world that will give you an advantage over the casino – all you can do is to employ a strategy that will make you less likely to lose. In Forex trading it’s different. Although there’s always a risk involved when trading currencies, there are a large amount of people who successfully manage to trade profitably and make a lot of money. The reason for this is that with the right kind of knowledge and experience, it’s very much possible to predict the future of the market price of a certain asset with great accuracy, and this is how you make you money in forex trading. You can read more about this on a Spanish page called Cambio Divisas!

So, if you’re completely new to trading, aren’t you likely to lose money then? Well, yes there is a possibility that you will lose some money initially. The reason for this is of course that you don’t have enough experience to know when to buy and to sell. But the funny thing is that even then you are probably equally, or even more, likely to profit from forex trading than you are in online gambling. After all, you’re pretty much gambling with your money when trading forex currencies without a plan, but at least the forex market isn’t designed to make you lose money in the long run.

The only thing I can think of that gamblers will miss in forex trading, is the possibility of winning big. In n online casino you could, theoretically, become a millionaire with just a click on the mouse, which is something that Forex trading can’t offer. But on the other hand, everyone that has a healthy level of realism knows that’s not going to happen when they play at casinos. The way I see it, you have nothing to lose in trying out forex trading if you’re interested!

A good place to start, if you’re interested in Forex trading, is forextradin.pm which has a wide range of guides, tips and reviews over different Forex brokers. Click here to visit website!

 

15

01/13

Choose a broker with good support

3:34 pm by taiwanfm. Filed under: Financial Trading

As binary options trading is such a new format of online trading it means that a lot of the people getting in to it do so as beginners. As we all know, being a complete newbie can sometimes be pretty tough, and all the new features can be rather confusing at first glance. Even experienced traders are bound to run in to problems that they can’t solve themselves from time to time – it’s just the way it works when doing business online. That’s why it’s very important to chose a broker that has a solid and trusted customer support.

Personally, I would never go for a broker who was known for having a limited or badly reputed support centre. The first thing I do when visiting a new broker is to test their customer service by sending them an email with a few random questions before I create an account. This way, I can find out for myself if I get a quick response and if the information provided in the response is helpful or not.

Another good thing to do is looking up forums to see what other people think of the broker. As the internet is such a big place, it’s amazing what sort of information you can get access to with just a simple Google search.

I’m also fond of visiting places like binaryoptions.pm (click here to visit) in order to get access to reviews of the broker before signing up. The reviews they provide covers everything from bonuses to trading platforms to customer support, so it should give you a good overview of the particular broker.

The final thing you should to before signing up is to make sure that they have several different contact methods. In this day and age, an email contact form is simply not enough. I always go for the brokers that have support in the form of chat, email and telephone. If you are from a non English speaking country, I would suggest you look up that the website offers support in your preferred language. There are several large binary options brokers today that operate on an international level and thus offering support in many different languages.

If you are looking for more information about binary trading, I have found a really good Spanish site called Cambio Divisas. They have a big selection of different guides for both beginners and advanced traders and is the perfect place to start out if you are new to trading. Don’t worry about the language fi you don’t speak Spanish, just try using google translator when you visit it!