Playing poker Is considered an exciting and fun game by most people around the world. For this reason, it has been found that more than 40 million people play poker regularly. The reason being that poker is amazing and competitive. Interestingly, people are unaware of how poker is popular as not much emphasis has been put to its prominence. The following are some of the features to help you understand how popular poker is around the world.
Being a popular game worldwide is one of the things people don’t know.As earlier said, there are more than 40 million poker players globally. Of the mentioned total,23 million are residents of the united states which accounts for 6.8 percent of the total adult population.Thus, Poker is a popular game as other 17 million players are from the different parts of the world.
The other thing is that a big number of people play poker for money. The reason most players love poker is because of the gambling part of it. This is because stakes are higher when there is money involved. The recent statistics show that an estimated 10 million people go to play in a casino each year. Besides, about 3 percent of the world’s population place money playing the online poker games. As a result, online poker games have gained more popularity.
The other one is that many players are male than the female. A recent statistics showed that online poker players exceed 15 million worldwide. Of this total, male players accounts for 76 percent. Hence, female players are less than a quarter of the total number of online poker players. Nevertheless, it might change as the females are now earning like their male counterparts.
The other thing people are not aware of poker is that it is possible to win multiple times. There are poker players whose lives have been changed for the better from the winnings.If u are lucky enough in poker, you can win several times unlike in other games. As a result, online poker games have gained popularity.
Besides, digital games are more preferred than the table games. Due to technology improvement, poker playing has been made easier as it can now be played online from anywhere with a computer and a good internet connection.This way, people can now play poker by login to a website any time unlike going to the casino where poker is played on a table. Thus, digital platforms have become more popular than casino tables as people prefer them most.
Trading in currency in other words also known as foreign exchange is the world’s largest financial market and was the area in which world’s largest financial institutions were involved. Earlier the Forex transactions were of biggest concern of the big corporate houses, however as the time changes the need for foreign currency has made its way through corporate houses to individuals who are involving in some sort of international transactions. Though the volume of transactions and the people involved in currency trading is increasing exponentially, still there is an information asymmetry between the investors and the market. Thus, to mitigate the information asymmetry and to provide the individual investor all the required information, let’s look at few basic things need to be paid attention,
• Currency trading market Vs other markets: All the other markets in the entire world are having a regulating authority who keeps a note of every transaction happening within their vicinity. But in case of the currency market, there is no such regulating authority or mediator who keeps a check of all the transactions. Transactions between parties happen through pre-arranged credit agreements. These ad-hoc arrangements are known for providing liquidity requirements of the institutions and individuals.
• Immateriality: Trading in currency market literally doesn’t involve any kind of physical transfer. All the transactions happen online without any involvement of physical currency. All the gains and losses are calculated and netted in respective currency accounts.
• Intermediation: In the currency market, there is no formal intermediation due to which there is no place for any sort of broker or agent. As there are no intermediaries there is no question of commission. All the gains and losses are individualistic and are the results of one’s own deeds.
Above mentioned are the few basic aspects that are needed to be known by everyone who is participating in currency markets to mitigate the information asymmetry and to avoid the risk of loss. Besides, above as we all know the transactions in currency markets always happen in pairs of currencies. The value of the currency in pairs is decided by the purchasing power of the currency in the respective markets. There are certain pair of currencies that are considered exotic in the world’s currency market and they are,
• Euro/ US Dollar
• US Dollar / Japanese Yen
• Britain Pound/ US Dollar
• US Dollar / Swiss Franc
The above-mentioned currencies are currencies of the world’s strongest economies thus making them more precious and expensive across the globe. Not only these combinations, any above currency in combination with other currencies out of this pairs trade in highest volumes in almost all the Forex markets.
Forex trading is practiced using a variety of methods. Every trading method will rely on leveraging to make money. This is a process of investing a small amount of capital in an attempt to make a lot of money in return. However, there are plenty of upsides and downsides of employing this tactic, so it benefits to learn about Forex trading and the different trading methods before real money is involved.
Let’s take a look at the most popular trading methods:
Day trading is the first option which is based on short-term trading. All trades are based on the latest news and using technical indicators to give an alert on the most beneficial trading activity. This type of trading is best reserved for the experienced traders or those with at least a reasonable amount of skill.
The next method of Forex trading is referred to as scalping, which is a technique of making a very small gain from a quite sizable trade. The ability to act fast with scalping can be difficult, so the majority of individual traders will rely on a degree of automation. This is typically likely to relate to a software program that is able to stay up to date with the constantly changing mathematical components.
Big picture relates to the type of trading that takes place over the longer period of time. The trading period can last for several weeks or longer and the actual trading activity is based on trends in the industry and not acting on small or regular movements in the prices of the currency pairs.
Forex trading that is fully automated can be operated in several different ways. Most are based on using trading software that has the ability to read special signals and alerts. This type of information is programmed into the software and trades are instantly auctioned when the right conditions are met.
Learn the basics first
One of the most effective ways to learn the different Forex trading methods is to open a demo or practice account with a preferred brokerage. After a period of regular practice, you can review your trading results to see if you are on the right path. However, it is still best to be conservative with your trading balance until you have the skill and experience to invest higher sums. Also, the demo accounts are a great place to learn more about the different automated trading options.
Forex trading is nothing but trading in currencies of different countries i.e., Exchange of one country currency for another country currency. Now, you might think who decides the rate at which the currencies can be exchanged? The answer is so simple; there are certain economic factors such as, the purchasing power of the currency in respective countries, inflation and many other geopolitical aspects that influence currency exchange rate. All these factors that are micro and macro in nature affect a country’s currency value and also exchange value.
Next comes, why do we trade Forex or why do we exchange? As the world is progressing rapidly, the volume of transactions between the countries also getting multiplied exponentially thus makes it necessary for each and every country on the map to indulge in a foreign exchange transaction. Not only for business dealings, people who are traveling abroad also increasing rapidly in these days. And those who are traveling would require foreign exchange. Every country has a mechanism through which they buy and sell currency of different countries so, that countries can provide for their respective citizen’s Forex requirements. As you know what and why of Forex transactions, now the next question should be how to trade in Forex?
How to do Forex Trading: It’s as simple as buying some article in your own country with your domestic currency. The only difference between these two transactions is that the former is limited to national boundaries while the later is executed at international level. Besides, national and international differences Forex trading happens in pairs i.e., you buy and sell a pair of currencies simultaneously. The exchange rate between currencies is nothing but the rate at which one currency can be bought or sold at another country’s currency.
Tips to trade in Forex: For a beginner or an experienced trader trading in foreign exchange is both a science as well as an art. There are certain fundamentals needed to be applied to avoid risks while it is an art as there are certain techniques you need to apply as per time of trading. Let’s look at few tips that can be used or applied in both the cases,
• Assess risk tolerance: Assess your risk appetite, capital allocations for Forex trading right from the beginning.
• Set a goal: Set your financial goals before in hand and the goals should be compatible with your risk appetite.
• Pick an adviser: An experienced broker or adviser is always handy in case you are a beginner.
What is Blockchain?
The term blockchain has been used in numerous social and corporate conversations in recent years and everyone seems to have heard about blockchain technology, but a majority of the population actually has no idea what it actually means.
In order for us to clearly explain what blockchain technology actually means allow us to give you a brief breakdown about the history of how the transaction of money has evolved. Historically whenever people used to exchange valuable items there were middle men whose sole purpose was to record the authenticity of both parties and build trust between them. Currently these middle men are known as banks. The use of banks and brokers has continued over time and with the emergence of digital assets like stock, electronic money, and intellectual property the need for a more secure method has emerged. This is because digital assets are usually files within a computer that are therefore vulnerable to manipulation and theft. Thus the use of the blockchain technology enables parties to transact openly and transparently ensuring that the exchange is secure and efficient.
The Future of Bitcoin
Blockchain has the ability of completely disrupting the financial industry the same was social media disrupted mainstream media or the same way Betflix destroyed Blockbuster films. Blockchain technology has the potential of being used as a platform that provides financial services to everyone on the part of the world, this includes people in developing countries who may not have the access to traditional banking services and cannot afford the rates required to make large transactions. This technology has the potential of making major breakthroughs in nearly all major industries that are usually manipulated by big corporations.
The use of Blockchain technology in Education
Blockchain technology in education can be used to figure out the students that actually need the scholarships and those who can afford it. This is because a few students have been bypassing the system and getting financing. This would actually end up being detrimental to the needy students who end up dropping out or accruing a lot of debt that causes them to work for nearly.
Lastly, a huge number of the population may currently be hiding their heads in the sand as they wish blockchain to go away but this piece of technology is definitely going nowhere. In the near future we will all be trading using blockchain as part of our daily activities our great grandchildren will read about money and ATM machines just as how we read about barter trade and gold. It is therefore imperative that we jump on the bandwagon as soon as possible and get adjusted before we are forced to adjust.
Free Stock Tips | Trying to understand the financial markets as investors is difficult without the right equipment without the right access. It goes without saying that without the right tools, you are trading on the spirit instead of just cause. Of course, there are times where an investment can feel like a certain thing. We will rely on stock doubts that get us to do the necessary research to confirm our doubts. It is not laziness – it is only human nature. We want the easiest way towards a resolution that we can find. When we get it, then everything is fine. But if you have the right tools then your returns will be very high, so let’s pay attention to that.
When you are just starting, you do not want to pay a lot of money to help you along the way. After all, it has to be expelled from its initial capital to spend, and who really wants to do it? This is exactly where the free stock charts come up. As mentioned earlier, this is where the “Cause” comes into play. You will be able to tune the share chart so that you can see what is going on at a glance. Need historical data? You can still get it and keep it within the framework of the Free Stock Tips and charting system.
You can also see more than one security at a time, so that you get the power to see where the securities are tampered with. The more you focus on this, the more likely it is to find exactly what you are looking for. Why do you sit down for what you deserve?
If you do business on special investment platforms, you will find that they give you some charting mechanisms. But if they do not like you, then there is nothing that says that you cannot use Free Stock Tips and charts on any other site and when you really want to transfer shares, just go to the trading platform. A lot of investors do this, so this is not a problem.
he more you become familiar with the concept of stock charting, the more refined your business will be. The first time you do business, you do not have to completely take down the stomach. Very few investors pull this type of completeness. When you go along, be prepared to make mistakes. Even the world’s most technical investor had some early blunders when they were starting. If you follow suit, do not be harsh on yourself. It is better to make sure that you can make mistakes and instead of finding out that you are still spinning your wheels.
It is very important to give yourself time to make mistakes, but believe – it is easy to do business with time. If you use free stock charts, you will be able to recognize profitable patterns faster. Go into the market cycle, so pattern recognition takes you to some very big profits over time. So if you are ready to start a business, make yourself a favor and get the first charting square. If you do then your future profit will be very high!
We can access anything just sitting in our comfortable room. One of the latest progress is in the currency.
Cryptocurrency, also known as digital currency is the latest addition to our lives. Cryptocurrency is nothing but a digital form of currency which cannot be seen or touched. It is like a virtual currency. Cryptocurrency is generated by a special computer program and this process is called cryptocurrency mining.
A computer, specially designed hardware and software are the essential requirements for mining this digital currency. As the machine starts, the computer program starts executing, and cryptocurrency starts generating. There is nothing wrong in saying that it is going to be a future currency. Bitcoin is the first cryptocurrency in the world. Bitcoin came into existence in 2009. It was created by some anonymous group created by Satoshi Nakamoto in Japan. Since it is a digital currency, particular attention is given to its security. Cryptographic encryption is used for both its generation and transaction process.
The cryptocurrencies are independent. This means that there is no centralised authority or government authorities who monitor it. Cryptocurrencies are not under any banking system. This currency can be transferred anonymously directly between users through the internet.
Now the question arises how this currency can be converted into hard cash?
Since its a virtual currency, users need to convert digital currency into their currency. You can choose any cryptocurrency converter for it. Like forex, which is a global world’s currency trading platform, there is a cryptocurrency platform where digital currencies are converted into other currencies. A cryptocurrency converter is used to convert digital currency. One can convert their digital money into any currency they want. Cryptocurrency converter charges minimum transaction charges on each transaction.
There is so many cryptocurrency converters are available worldwide. You can take services of anyone of them.
Why are people using cryptocurrencies?
1. With cryptocurrency, it is easy to send money
Because cryptocurrencies are decentralised, it so means that you can send digital currency to another side of the world in seconds without having any bank involvement. This makes cryptocurrency more popular.
Many people think that cryptocurrencies are anonymous. But actually it’s – it’s more private. All cryptocurrencies transactions ever made can be seen on the Blockchain – the public cryptocurrencies ledger.
But your name and details are not seen. Each cryptocurrencies transaction is linked to an address, a string of text and characters.
3. Cheap Transaction fee
Cryptocurrency converters charge a very minimal transaction fee of each sales transaction.
When it comes to trading, it is best to be aware of the advantages and disadvantages it carries, before diving in. CFDs provide a leveraged trading field with immense prospects for profit. A proficient CFD trader can make piling profits by trading contracts! CFDs allow traders to participate without actually owning an asset; their derivative nature is one of their many amazing traits. However, the leveraged environment makes CFD trading a risky endeavor for inexperienced traders!
Here are the advantages and disadvantages of CFD trading:
Advantages of CFD Trading in 2018:
1) High Return Potential: CFDs predominantly work on leverages. With just a percentage of the complete value of a trade, you can speculate on financial commodities effortlessly. Since contracts are a derivative (allowing you to speculate without owning an asset), you save a huge amount of trading capital and make more room for returns. The combination of leverages along with this makes contracts a stellar genre of trading!
2) Trade Long or Short: One of the best features of CFDs is the ability to profit even from falling market prices. Typically a falling commodity ends in a losing trade; but in contracts, you can speculate both ways! Since you don’t own the asset, its downfall also becomes a profitable opportunity.
3) Trading Conveniently: CFDs cover a plethora of commodities – gold, currencies, oil, indices, etc. You can trade on any of these with a single account! Being a contracts trader, you can house immensely diverse trades
1) Risky with a Chance of Losses: Margin trading is all fun and games till the tables turn and instead of profits, your losses are magnified! Leveraging is a double-edged sword that needs the experience to handle. Losing a leveraged trade will lead to tumbling losses.
2) Potential Risk of Over-Trading: An underlying disadvantage – having leverages and overall low capital requirements, can brew the recipe for overtrading in no time! Several traders lose control over the leverage provided and invest more than needed, ultimately ending up in a loss.
3) Inflexible Collaterals: Margin amounts in CFD are set by the broker, and are very rigid. So your trading plan will have to revolve around this. What’s even worse, your provider might change the levels mid-way and you will have to shell out more money to prevent exiting the trade!
CFD trading is no cake-walk, and those who expertise in it today have traveled a long way. Though there are immense profits to be made, one bad move and the leverage will consume you!
One of the most lucrative trading fields – the foreign exchange market has a value of over $5 trillion and it continues to grow! Adept traders are able to make good money in Forex, with a good platform and a sharp mind, succeeding in currency exchange is definitely possible. Not all traders are the same, some prefer day-trading, some prefer scalping, while some speculate for months. A notable classification is between full-timers and part-timers. For several people, the Forex market is a second home, a career. Once you have a grip over the flow of currencies and their underlying value, trading becomes simpler.
Currency trading offers several profitable opportunities but grabbing those boils down to luck and skill. Currencies are sensitive elements of today’s world. Each country has its own economy; some carry high value, some don’t. Countries with a better economy have higher currency values compared to the countries with lower economic values. This is one of the governing factors of Forex and it has a huge impact on Forex markets.
Forex on the outset is simple – exchanging one currency for another and benefiting from the value difference. However, this ordeal can be extremely risky and the outcome can never be predicted! Over 85% of traders who enter the foreign exchange market face losses. The incredibly lucrative nature of foreign exchange is accompanied by mounting risks. Additionally, Forex is a leveraged environment; though this is meant to serve as an advantage, losing a leveraged trade will result in tremendous losses! Despite of the risky nature, several traders participate and make profits! Equipped with the right set of skills and ample research, Forex is just another tough nut which you can effortlessly crack.
Is Foreign Exchange Profitable?
Yes! Several traders indulge in this domain and come out mighty successful. There are few components that will give even a novice, a better grip over Forex:
1) Devising a strategy
2) Managing capital
3) Minimizing risks
4) Operating the platform
Once these aspects have been covered, success is just a matter of time! There are immense profits to be made in the world of foreign exchange. Leveraging adds to the benefits by allowing you to trade with minimal trading capital, and yet delivering stellar profits in return.
In the beginning, Forex trading can be an impossible maze to clear, but with time and knowledge, you can make your way to profits easily. The reason over 95% of traders fail in foreign exchange is because of lack of practice and knowledge. For a novice to transition into a professional takes months of persistence and incessant learning. With time, skills mature and enable you to become a better trader! However, with technology advancing by the day, the time and effort required to make this leap are mighty easy today.
Here are some of the best ways you can improve your Forex skills:
1) Keep A Simple, Yet Effective Strategy: Sophistication doesn’t guarantee victory. The job of a trading strategy is to simplify your trade and increase profitable prospects. Traders, aiming to capture everything, load their strategy with indicators and other aiding mechanisms. Devise a plan that is in an orderly fashion, and covers all the aspects of a trade without causing hassle. The simpler, the better!
2) Don’t Focus On Money: The thing about Forex trading is that it gives money and it takes all the same. Having your eyes fixated on making profits will only take you halfway through before you end up struggling to climb further! Divert your mind towards winning a trade, be it a small or a big win. Money comes amply in Forex to the smart trader. Focus more on winning multiple trades and making smaller profits, rather than waiting for one big fish!
3) Learn When To Back: The need to keep moving forward is what drives everyone to do better. However, this has to be done at a healthy pace, without affecting you. Forex traders blindly run towards profits without knowing where to draw the line! This leads to overtrading, which is capable enough to drain your capital and inflict worse losses. Know where to stop, even if it means giving up on a profitable trade, and stay content with your earnings no matter how minimal.
4) Take A Break, Even Two: While sincerity and grit are admirable emotions, too much of either can be dangerous. Being driven is always a good sign for a trader. However, your mind needs a break every now and then to reboot and function better! How does this help improve your skills? When you close yourself to the markets for a while, you become better equipped mentally, to deal with Forex trading chaos!
Traders, novice and professional, make mistakes and look to improve. The changes you need to make are often the small ones! As adept a trader as you may be, professional help always comes in handy.