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Archive for January, 2013

Start your trading career!

by on Jan.06, 2013, under Binary and FX

It’s only been a couple of months since I started to try out online trading, and I have to say that I’m getting really into it. I’ve always been interested in online gambling, so when my friend told me about trading online I immediately became interested. Now, I wouldn’t say that trading online is gambling per se, but it definitely has some similarities.

The first thing I tried was binary options trading online, which is a unique form of trading if you compare it to the more traditional financial instruments. When you trade binaries you are not buying assets like you otherwise do. Instead you make a “bet” on whether an asset will increase or decrease in value over a specified period of time. Now, when you think of it, this is not much different from betting on a certain team in sports or betting on black or red in roulette, for example. The main difference however, is that when it comes to trading, you have a much better opportunity to predict the outcome of your trade. By reading up properly on the asset you are going to invest in, you have a much better chance of being right than you would have in roulette, where the likeliness of hitting red or black is pretty much 50/50.

After I tried binary options, I soon heard of forex trading, which is when you trade different currencies on the foreign exchange market. Unlike binary trading, where the payoff is dependent of whether you were right or not, you actually buy your assets in forex trading. The goal is to buy a currency at a low price, and sell it at a higher price, making a profit, which is more in line of the standard trading principles that we all know. The good thing about forex trading is that you can minimize your loss by selling early in case the value decreases after you’ve bought your currency Click this link to read more about forex trading system). This is something you can’t do in binary trading.

If you are looking to start trading online, I will warmly recommend it to you. In my opinion, it’s a better way of spending your money than in a casino, especially if you are looking to make money off it. In casino gaming, you can never really expect to win big, but you have all the possibilities to make good profit on forex trading or binary trading as long as you are willing to learn how to do it properly. Two great websites to learn from that I can recommend are opcionesbinarias.pm and Cambio Divisas, which both offers some great beginner’s guides as well as recommendations of good online brokers.

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