Money Games Information

Online casino gambling is quite the fad in today’s society, as more and more people become aware of the benefits of getting involved with these online casinos. Due to the burgeoning number of online casinos on the internet nowadays the possibility of someone becoming a new millionaire every day is actually a probability - and a very likely one at that.

Unlike physical gambling establishments online casinos do not have the expense of an overhead and so can afford to offer higher bonuses and freebies to their members. With an online casino there is no building to upkeep, no security staff or dealers to hire, and these are just a few of the expenses that a regular casino owner has to endure each and every month. All of these savings make it easy for online casinos to afford to pay out high jackpots on a daily basis, making some lucky player a new millionaire.
 
Most online casinos take the savings from their lack of overhead and invest it back into the casino by offering various competitions to their members as an incentive to keep them coming back. Some will even go so far as to deposit real money into your account just for signing up, so at first you get to play for free. If you are a new gambler this makes it a lot easier to learn and get the hang of a game. It’s definitely more appealing than betting with and possibly losing your own money. 
 
The best reason perhaps that so many people are getting involved with online casinos is that they can now gamble without even having to leave the comfort of their own home. If you are a novice gambler playing at home allows you to learn to play without the added distraction of the lights and noises of a physical casino and that great hindrance to any gambler - alcohol which dulls the mind and robs you of your ability to think clearly. The greatest asset any gambler can take with him or her into any casino is a clear head.
 
While online casinos are generally safe places to gamble, as with everything else there are always going to be some "bad apples" so to speak.   Before you join an online casino be sure and do a google search to see what other users are saying about them.  There are lots of internet sites that review online casinos and rates the good and bad ones, so you should not have a problem finding out this information, just a quick web search and you will be pointed in the right direction. 

Sarah Harrigan is a professional casino player and reviewer. For straight talking honest advice on online gambling casinos be sure to visit her website for comprehensive reviews on the best usa online casinos and winning casino strategies.

I know something like the concept price action and trading without indicators gets lost in the current trading world that we live in now. When the trading community goes insane over the latest flavor of the day. In a trading world that has all these brand new indicators, trading robots, state of the art trading software, etc… we are definitely in a time of style over substance.

Photo: tradingpriceaction.com

The idea of just looking at a naked chart (no indicators) probably doesn’t appeal to a whole lot of people. They are probably saying "what am I supposed to be able to see looking at that?" And my answer would be everything.

Without all the filler and the other b.s. that goes on a trading chart nowadays, you get to see the market in its most real form. With price action you get to see:

The Trend - You always hear about people saying trade with the trend. Well, frankly I don’t know any other way to spot the trend without looking at price action. I can assure you that moving averages don’t cut it.

Support and Resistance Areas - Once you know what to look for, its so obvious to spot. A basic bar chart is like an x-ray of the market. It tells you exactly how traders are reacting to the price movement, and within the reaction, it is clear that there are spots in the market that traders are waiting for.

The Future Price - It all boils down to the fact that all markets have price action patterns that are repeated over and over, which can be used to forecast and predict future price movement. It goes back to the old adage "those who fail history are doomed to repeat it"

John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.

Most new Forex traders are attracted to day trading and scalping, as it offers small regular gains and low risk and there are many vendors who sell this concept but the real secret about Forex day trading is the following…

It doesn’t work and its obvious why - as short term volatility in a daily time frame is of a random nature, prices can go anywhere and do not respect daily levels.

The reason this happens is quite simply, humans which make any price cannot be predicted in the space of hours, think about this:

No Odds in your Favour = Losses

A huge number of traders (that can amount to several million) all make the price collectively. They all have different aims, skills systems and many are governed by their emotions and all have a different view of the market and are not creatures of logic - they all see the facts in their own way and all these opinions make the price.

To try to predict what this group will do in the short term is simply not possible. This makes daily levels not being irrelevant for trading off therefore you cannot even get the odds on your side. This basically means you are going to lose sooner rather than later.

The Evidence

Don’t believe me? Well here is the evidence.

Look at any vendor selling secrets of day trading or a sure fire system and you won’t see a real time track record, just a simulated back test knowing the closing prices.

Anyone can see order going backwards, as you know the facts and can buy and sell wherever you wish and make a profit - but trying to trade going forward without knowing the price is a very difficult and far harder ball game.

Many vendors say prices move to science and that’s why you can win but this is absolute rubbish. They say humans conform to a law and all you need to know is learn and follow the law.

There are many ridiculous theories based on this including Fibonacci and Elliot Wave but there not scientific if they were, they would work all the time (they don’t) and everyone would know the price in advance and there would be no market!

The Real Way to Win

Is to trade a time period that is longer where you can get the odds in your favour and use robust money management to keep your losses small and run your profits. You can trade short term swings but by short term I mean a few days to a week or so or you can follow the long term trends of weeks or months.

Either of the above will work as you have the odds in your favour and that means the opportunity is there to win and this advantage is not available to you in day or swing trading.

So really the secrets of Forex day trading and scalping that are told to you by people who say it works are NOT based on sound logic.

The best secret I can give you which of course vendors will never tell you is don’t try it in the first place!

Forex trading offers a great opportunity for profit - but to win you need to trade longer term and base your Forex trading strategy on longer term time frames - if you do that you can win.

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