A new form of gambling?

I’ve been enjoying online casino gaming for many years. It has always been one of my biggest hobbies and I love to gamble in my free time. I prefer online casinos to real casinos for obvious reasons: They are much more convenient. I don’t have to travel in order to play, I don’t have to pay for any drinks, and I can do it whenever I please.

Although I do love to gamble online, I can sometimes find that casino gaming is a bit boring. I mean, after all, you can’t really do much to affect the outcome in any casino game. Sure, there are certain strategies in some games that helps you minimize the risk of loss, but every casino game in the world is still designed to make you lose money in the long run. So that has lead me to view casino gaming as a purely recreational activity rather than a way to create an income. I would never dream of giving up my job to pursue a career as a professional gambler, even though it would probably be a lot of fun.

However, I’ve always looked to find way to create an income on the side of my normal job. I mean, doing something that I enjoy in my free time, and at the same time make money of it would be a pretty sweet deal. So what could I do to combine my hobbies with a way to make some good money? Well, I started looking around online, and I soon ran into something called binary options trading. At first glance I thought it would be to complicated. I don’t really have much knowledge about finance, and I never went to business school. But I kept on reading and was surprised to see how easy it actually was. Basically, all there is to it, is to decide whether the market price of something will go up or down in the near future. It’s not at all like stock trading or something similar.

Every trade you make has two possible outcomes: you will either “win” the trade or “lose” it. Actually, it’s a lot like playing roulette on black or red, but the beauty of it is that you can actually predict the outcome of a binary trade. I started reading a few guides on how to trade, mainly on binarytrading.pm, which is a website that specializes in binary options, but also on other websites as well. Another examples is ganar dinero opciones binarias, which is a binary trading portal targeted towards Latin american binary traders. I was pleasantly surprised when I realized that this wasn’t rocket science at all. It actually doesn’t take that long to learn the basic on how the market works and, besides, a lot of the binary brokers today offer their own guides on how to trade as well.

The second great thing I realized is that you don’t really need a large starting capital in order to make profit in binary trading. You hear about the professional stock investors that move millions around, and it’s easy to get a bit intimidated. Well, I started with a simple deposit of $200, followed by a deposit bonus of 50%, and after a few weeks of trial and error I have now managed to grow my capital to almost $800! The great thing about binary trading is that it’s a much quicker way to make profit than any other form of trading. Every investment you make can have possible payout ratio of 81%, which can be received within 15 minutes after you’ve bought your option!

So, for you gamblers out there looking for something more exciting than just casino games, I strongly recommend that you try out binary trading. It’s a fun way to both make money, as well as learning about how the financial market works, and you can do it without risking to lose a lot of money!

Forex trading: Why you should always read the T&C

When signing up to a new Forex broker, it’s common for people to want the registration process to be as quick as possible. If we find a website that we think looks good, has a good starting offer and a reliable trading platform, we just want to register and deposit as quickly as possible. Think about it, how many times have you downloaded something, and when a screen with terms and conditions pops up, you just click the accept button without even glancing at the content? Sure, I get how you can do that if you’ve just downloaded the latest flash player, for example. It’s a free software after all. But when it comes to a service to which you will deposit your own money, in some cases pretty large sums, do you really want to accept set of terms that you haven’t even looked at? To me, that’s just plain stupid.

Yes, the terms and conditions, in most cases, are long boring and time wasting. But the fact that you might miss out on important information if you don’t reading definitely makes it worth the time it takes reading, at least in my opinion.

Keep in mind that different forex brokers have different withdrawal procedures for example. Whereas one broker might accept an unlimited amount of withdrawals, another broker might only accept one withdrawal a month, which might suit some players but not others. This will be described in detail in the terms and conditions, and might affect your choice of actually opening an account with the broker or not.

Another common thing to create tension between a forex broker and a trader is a disagreement over deposit bonuses. This is usually the result of the client not having read through the requirements for the bonus when he accepted it, and he then gets disappointed when he can’t withdraw money from his trading account as the requirements of the bonus have not been met. It’s not uncommon for people to state that a broker has tricked them, when in fact it is themselves that have done wrong. The vast majority of brokers are not out to scam you of your money, and as long as you read through the terms and conditions of a bonus you will know exactly what is expected from you when you accept the bonus, and this way you can avoid any future misunderstandings. To avoid “rouge” brokers, however, a good idea is to choose a broker listed at a forex trading portal. One of my personal favorites is forextrading.pm as well as www.cambiodivisas.eu, which is a spanish forex website.

So, to conclude this article, make sure to always read through the terms and conditions for any service that you are going to spend money with. Although it might seem like a long read it shouldn’t take you more than 15 minutes to read through, and spending 15 minutes reading in order to avoid any future problems that might take you days to solve is definitely time well spent, wouldn’t you agree?