Harsh Truths About Forex Trading That You Must Know

Forex trading is usually portrayed as “get rich quick overnight” way to make money. Many people who don’t know much about it are taken in its snares and end up losing their hard earned money. There are some facts about forex trading that everyone must know before they jump into it.

Who Really Wins With Forex Trading?

There are many companies that sell trading software and there are many that offer their own platforms that you can use to trade. In order to buy or sell currencies, you need to go through a retail trader. They make money each time you buy or sell. So the more you do the trading, the more money they will make. In the real world, about 95% of the new forex traders are not able to really make it and that means 5% of the rest who know what they are really doing end up getting their money.

Forex Trading or Gambling?

Forex Trading is like gambling. You can’t really tell in advance whether a certain currency will go up or down in price and it’s much easier to lose than to make any gains. Traders who really know what they are doing use sophisticated software to get buying and selling signals, their own experience and use fundamental and technical analysis. Using a software to get buying and selling signals is just one of the factors that they use to trade. Depending only a software is almost a guarantee to lose your money.

Before You Start Trading

Before you start doing forex trading, it is highly recommended that you join a forum and read what the experienced traders are talking about. Even the most experienced traders have their bad days and lose money in forex markets. It’s wise to do paper trading for a few months and study fundamental and technical analysis before you start real trading.

Which Platform to Use for Trading?

Many companies offer free trials to use their online trading platforms. There are many companies out there that manipulate their software so that during the trial period, you actually end up making some fake money, but as soon as you start using their real platform, you start losing money. It’s quite possible that even real platforms are manipulated so that you are not really able to make money. Consult the veterans in online forums to find out which ones are good and reliable.

Should You Use Automated Software for Forex Trading?

Although I don’t recommend the automated software for the reasons mentioned above, they have been gaining popularity in the recent years. As mentioned before, it should only be one factor out of many that you should use to trade forex.

Winning Lotto Strategies Review – Are These Lotto Strategies Scams?

Are there really lottery strategies that can provide an edge to players? I must say that I never saw the game of lotto that way until I started hearing about some winners claiming that they had a systematic way of picking their numbers. Being curious to explore this further, I eventually purchased a guide online called Winning Lotto Strategies.

The author claims to have cracked a number selection system that has helped produced more lottery winners on a consistent basis. It sounded really exciting to me and made me want to look into it further.

1. Some Facts about Lotto Winnings

After reading the guide, I began to learn that the consistent lottery winners had a systematic way of selecting their numbers based on facts and percentages. For example, it is said that about 20% of lottery players pick their own numbers whereas the other 80% use the quick pick.

But the percentage of winners are not split in the same percentage. There are roughly about the same number of winners in the group who pick their own numbers as there are in the group who use quick pick. This statistic shows that the people who are using a system to pick their numbers have a much better chance of winning.

2. How to Use The Winning Lotto Strategies Guide to Increase Your Chances of Winning

Inside the guide, you will learn the history of how numbers have been drawn in the game of lottery, and how you can use some of these number patterns to maximize your chances of winning the big prize. After using the number system in the guide myself for a few months, I have not hit the big prize but I have had winnings of close to $10,000 once.

It certainly seems to make a lot of sense to follow the facts and a system when playing the lotto. I would encourage you to learn more about the number system instead of picking numbers randomly if you want to give yourselves a better chance of winning.

Gambling Versus Investing

In the world of gambling, one of the least asked, but most important questions is what is the difference between gambling versus investing.

Investing in real estate or the stock market is just as much of a gamble as blowing a load of cash at the poker or roulette table. Yes, in a “traditional” sense, most people would consider the stock market or real estate a sound investment. However, not going about it with smarts or going on a hunch can equal major losses and a very sad person.

With that in mind, it would be wise to know what gambling versus investing truly is and how to understand it to increase your chances of winning.

Gambling is placing money on a game of chance with random outcomes without any research backing up their choices, expecting large returns. This often ends up in big losses.

Investing on the other hand is using data that supports your gambling decision. In turn, you can expect to make small to medium gains, which will help you work towards better returns in the long run.

You can be a smarter gambler by doing the following things:

1. Knowing the game you are playing and the typical chances of winning.

2. Setting a betting limit and sticking to it like a hawk. Don’t’ sacrifice your mortgage for a night at the tables.

3. Educating yourself on the gambling techniques and relative information related to the game you are playing.

4. Keep emotions out of the game. Stick with facts and statistics.

In applying the mentality of gambling versus investing, you should avoid the following games because it is more difficult to apply mathematical strategies to them:

Slot machines

Bingo

Keno; and

Lotteries

If you want to increase your chances of gambling success by using statistics and proven data, go with

Horse racing

Roulette

Poker

Sports Betting; and

Blackjack

In conclusion, gambling versus investing is about making calculated and not “lucky” or random guesses. It is possible to bet smart. If you do, you will be surprised how much better your gambling success will become.

Happy gambling and have lots of fun,

Rachel

Gambling versus Investing

New Zealand’s Participation in Online Gambling

New Zealand and Australia are popular destinations for online casino and online gambling developers. These two countries present a market full of existing gambling fans, and online companies want to capitalize on the opportunity. Internet gambling has already become quite popular in New Zealand, but few facts are known this particular market, as the activity has yet to be fully regulated.

The Problem Gambling Foundation of New Zealand has delved into the issue, publishing a fact sheet which illustrates the popularity of online gambling in the country. According to the report, 8% to 10% of New Zealand residents take part in some form of online gambling. This includes playing casino games on the internet or via mobile phones. Television gambling is also included in the category.

Very little is known about New Zealand’s online gambling market at the moment, but some studies have revealed a bit of insight. For example, it seems that Maori individuals are more likely to gamble online as 17% of all online gamblers in the country are of that particular descent. Other studies indicate that young males of Asian descent are also likely to participate in online gambling.

The country’s current online gambling laws state that the only companies which are able to offer internet gambling services to residents are those regulated by the government. As it stands, the only two operators allowed to do so are TAB Corp and the New Zealand Lotteries Commission. It is not illegal for residents to take part in online roulette, online slots and other casino games offered by international operators, but those operators could face fines for offering their services in the country.

While New Zealand seems to have very strict guidelines about online gaming, things seem to be changing. For years, TAB Corp was the only company licensed for online gambling in the country, but the government has recently allowed the New Zealand Lotteries Commission to launch its own online gaming website. The New NZ Lotto website allows players to purchase tickets online and play other online casino games, a huge step forward for the New Zealand gambling market.

There is no word yet on whether or not the country will begin licensing foreign operators, but many residents continue to access offshore gambling websites. In an industry worth millions of dollars every year, it may be a wise choice for the New Zealand government to consider regulating all forms of online gambling activities.