Is There Any Difference Between Forex Trading and Gambling?

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If you have been looking into forex trading, (foreign exchange market trading), then no doubt you have read opinions that trading forex is very similar to gambling.

People who have this opinion claim that trading forex and gambling are very similar because of the low amount of profit that both gamblers and forex traders make. And this is true – if you are talking about inexperienced gamblers and traders, their success is similar. But it is also true in a different, positive way, such as when you compare gamblers and investors who approach gambling and forex trading as if they were a business.

For example, a seasoned, professional gambler does not just gamble on the weekend or for fun. He or she approaches gambling as if it is a job, and has an underlying strategy that he or she uses to win the most amount of money possible gambling.

Some black jack players, for example, are highly skilled at counting cards, and because of this can win consistently. Of course, counting cards is frowned upon in casinos, and is considered by most to be “cheating”. We’re not advocating the use of counting cards we are just using it as an example of how a gambler might use an underlying strategy to approach gambling as a job.

Similarly, a well seasoned, professional trader does not just trade for the fun of it. He or she approaches trading forex as an actual job, with a well developed strategy and trading plan. He or she uses this plan consistently, in order to have consistent success at trading forex.

Of course, just like in gambling, there is always some risk involved with trading forex. The idea of approaching forex market like a business or a job is to remove the personal risks – such as emotional decision making. By doing this a forex trader who treats forex trading like a business will have a better performance overall.

So to answer the original question, no, there is not much of a difference between forex trading and gambling. Both have inherent risks attached to them, and both offer financial success if they are approached as businesses or jobs instead of a casual activity or hobby.

Of course, forex trading and gambling have a lot of differences too! But on their most basic level, the principles involved in having consistent success at forex trading can work for having consistent success at gambling too – and vice versa.

I suppose to somebody who does not know what forex trading [http://forextradingsignalsonline.com] is then to compare forex trading with gambling is an easy comparison to make, especially if the decision is solely based on how randomly the charts move up and down.

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Beat the Online Casinos and Make Money Every Time

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Wouldn’t it be nice to make a bundle of money quickly from online casinos, with minimal effort, at home in your pajamas? Of course it would. I for one would love to have money flowing into my bank account, playing only a few hours a week from home, so I’d have more time to spend with my kids & family.

With current intense competitions in online casino businesses, hundreds of online casino operators offer various incentives new players in their casinos. With online gambling industry still in its infancy stage, all operators are throwing out large incentives to get more new players into their casinos. Unknown to a lot of people out there, it is currently possible to make substantial profits by manipulating the incentives against the casinos’ favor.

With more and more incentives money thrown out by the online casinos nowadays, sometimes as high as $300, a well-educated player is able to play and never lose his own money in almost all the casinos. All this is possible by understanding the incentive rules, using the best play strategy on specific casino game & targeting short-term plays. Since there are more than hundreds of operators out there, and many new one coming out each day, the potential of such short-term plays and profits are enormous.

Now is the time to make a profit from the online casinos before all this heat dies off. Strike while the iron is hot. Beat the casinos before they working to close down this industry’s loophole.

It is not surprising when our analyst found out that one of the leading online casino operators decided to tighten its bonus policy to curb new players from abusing its generous bonuses recently.

Fortunately, with such intense competitions among all the casino operators to get a share of the large Internet market, free casino moneys for new players are here to stay, perhaps for a year or two.

Most operators have no choice but to give in to the competition pressure. Welcome bonuses are offered again and again to get more new players into their casino. However, our analyst would like to warn that such trend will cease to continue once the online gambling industry reaches its maturity.

Most operators will stop the welcome bonus scheme once they capitalised the market share and the online gambling industry reaches its maturity. When this happens, we will see the trend of giving out generous welcome bonuses dying out and been replaced by loyalty bonuses for retaining the allocated customer base.

Most of the opportunistic players have been able to manipulate current industry weaknesses and make a substantial profits from the casino operators.

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Marriage and Gambling

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Many young adults today seem to see marriage as being like a Steve Wynn casino. Too risky, too expensive, “meant for other kinds of people.” Why else would so many folks stand out on the fringes, just “living together” rather than joining forces in wedlock? Why else would so many fathers be absent from the lives of their sons and daughters? Face it: we have an epidemic of out-of-wedlock births and divorces promoting parents as singles.

What’s to be done about this? One small step might be to pass along information that might improve people’s odds of success at the betting tables. Give folks a sense that they know what their risks really are, what the likelihoods are that their bets on loving commitments may finally pay off, could help people to feel more confident about gambling on marriage in the first place.

Okay, let’s get the bad news out of the way first. But really, it’s not news. In any given year, one in six marriages fail. The risks of having your first marriage come to an end at any time before you do are often cited as being “fifty-fifty.” In short, there’s one chance in two that you’ll lose at marital love’s gaming tables. In short, half of all novice brides and grooms crap out at romantic roulette.

Apparently there are even worse odds for failures by failures. Two out of three second marriages die before the death of a partner. Three out of four third marriages fold, and so on.

The good news is fairly scant. All of these odds are calculated based on slippery statistics. Nobody can track large enough populations for a lifetime to determine these stats with any precision. So they’re developed by inference. The means by which folks do so is too arcane to discuss here. But there are a couple of hidden bright spots for you to consider.

For one thing, the marital failure rate has been declining for at least two decades. There seem to be several reasons for this. One reason isn’t all that reassuring: as living together has become an acceptable alternative lifestyle rather than the contractual commitments required by marriage, those who might be “high risk” candidates in effect “opt out” of any approach to the marital casinos. Better reasons also deserve consideration, among them the increasing tendency for those who still choose to marry to do so at a later age than in earlier periods. More maturity apparently fosters more discretion, and thus improves the odds of success. Also, the increasingly oppressive requirements for higher household incomes that only two earners can generate have apparently encouraged greater fidelity, or at least a reduced inclination to pay the price of divorce.

The second bright spot is hardly ever mentioned in discussions of these odds. But the fact that remarriage to ex-spouses occurs in anywhere from one divorce case in twenty to one in ten means that the real rate of first marriage failures for good and all time may actually be just 45%. So the odds of having your first marriage persist till you perish may actually now be better than even.

Feel better now?

So what does all of this mean for you? Well, if you’re already married, you probably already know better than any bookmaker what the odds are of your marriage surviving might be. Are you happily married? Do you think your spouse is, too? If you answered “yes” to both questions, the odds are better than average that your relationship will endure. If you answered “no” to either question, perhaps you’d best seek some marital counseling. As everyone now knows, the price of divorce in emotional and financial terms can be devastating.

And if you’re still single, I’d urge you not to take these daunting statistics as indicating that commitment is never going to be worth the risks. Ask any happily married couple to explain to you all of the benefits that their relationship brings them. You may be surprised and pleased at how many reasons they give you, and how long it takes to explain – once they get over giving each other a good natured ribbing about all of their complaints first.

Simply put, I think in the end the simple answer is that if you wish to have kids, and raise them in a stable, secure and loving environment, the best way to do that is within the bounds of a conventional marriage. If you’re still frightened by that prospect, and you’re over the age of thirty, it may say something about the person you’re thinking of marrying, and your subconscious fears about their ability to sustain a commitment.

Final rule: if you value continuity in marriage, keep away from wedding those three time losers. The odds of success with them are just too slim for a wager.

Yours truly: Mike “I only had one shirt to lose” Riley

A dozen years ago, I wrote a book on recovering from lost loves. Two years later, the publishing giant Random House issued a new version, titled How to Heal a Broken Heart in 30 Days. Ever since then, this edition has stayed near the top of the sales rankings for books of its kind. Over one hundred thousand readers have used its counsel, in any of seven different language translations. Its persistent popularity led one Random House editor to call it “a minor classic.”

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Horse Racing and Gambling Require Strength and the Ability to Endure

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I was recently at a race track and saw a man I know, who is a pretty good handicapper most of the time, go on tilt. That is a term poker players use to describe the vulnerable and sometimes volatile condition a person might experience after having a bad beat. In this man’s case, his horse was beaten by a 60-1 longshot at the finish line.

He ranted and raved a while and then went to the self service betting terminal and angrily punched in more bets. He was bound and determined that he was going to win, no matter what it took. Unfortunately for him, what he really needed to do was to stop gambling until he’d cooled down and could make rational decisions, not emotional reactions.

There is an acid test that you must perform when you take a bad beat, and we all do eventually, if we keep betting on horse races. The test is to decide if you are making rational decisions or emotional reactions. Emotional reactions will ruin you at the race track or casino. While the thrill of winning is a big part of playing the horses no matter how professional we may become, overall, our first line of defense is our ability to keep a cool head and make good decisions based on mathematical and historical facts.

In other words, we learn lessons and use the past and good math to find profitable situations, like anyone else who speculates. Once you lose the ability to look at a situation objectively, you may as well stop betting. If you are going to be a professional horse player, whether trying to make a full time living or just to show a profit by betting on horses, then you have to understand that monitoring yourself and maintaining your equilibrium is a must.

My friend who lost his temper and began making angry bets wasn’t paying attention to what he was doing or his feelings and where they were coming from. Losing to a longshot is part of life and sometimes we are the ones who bet the longshots and celebrate when they win. There was probably something else bothering him in his life and the loss just seemed to make it that much worse. That is why many professional gamblers lead such minimalist lives, the fewer things to aggravate, the fewer reasons to go on tilt.

So if you happen to take a bad beat at the race track and start to go on tilt, ask yourself this one question, what else is bothering me and why am I getting so angry when I know this is part of betting on horses? Then take some time off, regain your composure, and start all over, it is part of the game.

The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good.

Bill Peterson is a former horse race owner and professional handicapper. He comes from a horse race handicapping family and as he puts it, “Horse Racing is in my blood.”

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Women and Gambling Basics

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Existence of women gamblers is not as historic as that of men gamblers yet their involvement in today’s gambling world is very significant. Origin of gambling by women dates back to some near past but after stepping once into this arena they have displayed immense aptitude towards gambling. Following the legalization of gambling industry there was an evident increase in number of women who gambled. Earlier women were not supposed to indulge into male dominated areas like gambling and if any female did get involved in gambling she had to hide this fact from others. Invention of playing cards gave a further boost to augment women’s participation in gambling. Earlier when women accompanied men to casinos they would probably just laze around but gradually women started participating in active gambling. Starting with slot machines and small roulette games women have now reached to most serious gambling centers.

Although women have revealed interests in almost all gambling games though some of the most favorites among females are the slot machines, poker, roulette and blackjack. It is assumed that women may have started with slot machines that did not involve any complex calculation or any specific skill. But lately existence of female gamblers has spread to almost all categories in gambling reaching even the poker tournaments. Women players have displayed enough potential while participating in world tournament and have also won titles in such events. Just like there are male professional players for gambling games even female professionals of gambling exist in areas.

The recent development of online gambling trend has also caught the fancy of female gamblers. An opportunity to gamble along with the facility of enjoying all comforts at home is an excellent option of women prone to gambling tendencies. It enables them to manage the household chores in conjunction with following the vogue for gambling. There are many people managing sites for gambling but it’s very important to pick the genuine sites. Many websites often fool women by gathering their personal details and misusing information submitted at the sites. Some websites do not abide towards giving the due money won by the visitor on their site. Hence judicious inspection for the authentication of websites before registering for online gambling is very important.

Although women have indulged in gambling there inherent nature of being sensitive and not being able to accept huge losses is evident also in gambling. Sometimes women are attracted towards games of chance as an escape from the troubles they might be experiencing at home. Gambling enables them to overlook their worries and anxieties for some time. But an act just practiced as a hobby many a time develops into an addiction and this latter on takes form of compulsive gambling. Being obsessed towards gambling results in both personal and financial losses for most women players. Women do not have an heart to bear huge financial losses they find themselves broke much before their male counter parts would lose heart. This is basically because the defeat bearing capacity of women gamblers is not much.

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Riverboat Casinos and Casino Cruises-Then and Now

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Long before the online gambling revolution and even before the boost of tribal casinos, a casino cruise was the only legal way to gamble in the US besides Las Vegas and Atlantic City casinos. Nowadays, gambling on a riverboat casino is only one of the many options that the recreational gambler faces when he feels like shooting dice.

The history of casino cruises and riverboat casinos in the United States goes back to the beginning of the 19th century when the Mississippi River was a major trade center for farmers and merchants. The river towns became major attraction for professional gamblers, also known as cardsharps, who were hunting the travelers who used to carry large amounts of cash with them.

When five cardsharps were lynched in Mississippi in 1835, the professional gamblers drove away from the south. The fashion of riverboat gambling remained as an informal routine between travelers. The two decades before the Civil War saw the pick of luxurious riverboat casino gambling.

The public image of the average riverboat gambler has changed a lot in the last century. If during the 19th century riverboat gambling was part of the frontier lifestyle, nowadays, a casino cruise is something you would buy for your grandparents anniversary.

The first State to legalize casino riverboats was Iowa in 1989. Now, riverboat casinos are legalized in Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Michigan, Mississippi, Missouri, South Carolina and Texas. In some states, the casino riverboats actually sail along the sea, while others are anchored permanently and never leave the dock. The second type of riverboat casinos enable recreational gamblers to simply hop on a nearby casino and play their favorite casino game for a few hours.

The types of casino games available in riverboat casinos vary from one state to another. You can usually play slot machines and classic table games such as blackjack, roulette, craps, baccarat, etc. Some of the riverboat casinos also have poker rooms where passengers can play Texas Holdem against each other. Most of the casino cruises are family oriented and offer other activities besides gambling such as live entertainment for children.

If you are planning to take part in a casino cruise, you do not have to worry about cardsharps or a tough competition around the poker table. Most of the people who join a casino cruise are recreational gamblers who appreciate a good game of craps in between fine dining and sun tanning on the dock. In addition, you would enjoy a much nicer and patient service from the casino dealers and employees than in an average Las Vegas casino.

If spending a weekend on a riverboat casino is too much for you, you can try some of Florida daily casino cruises. If you take Sterling Casino Lines cruise, for example, you can leave at 11 am and be back by 18 pm. Sterling Casino Lines cruises take place on a 75,000 square feet gambling area with more than 1,000 slot machines and 50 table games.

Sterling Casino Line cruise is only one example from numerous options available around the states for those of you who want to gamble at the country rivers, lakes and seas. The variety of casino cruises and dockside riverboat casinos includes the most luxurious Las Vegas styles casinos and simpler alternatives. If you enjoy gambling just for fun and you tend to get sea sick, joining a casino cruise can be an enjoyable distraction for one day or for a whole weekend.

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Negative Effects Of Casinos And Gambling

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Previously, the term ‘casino’ used to refer to a country house or an Italian style villa. However, it was in the early years of the 19 th century that the term came to be designated in its present meaning with several separate buildings dedicated to the purpose of entertainment activities including gambling as a fun activity. Today casinos and gambling are great activities for passing leisure time and most hotels, restaurants and shopping arcades providing gambling facilities to its consumers. This is especially on a high during festivals or occasions of celebrations and in such situations, the hotels and restaurants offer better stakes and huge profit revenues to its customers therefore luring crowds to participate in gambling. It is also interesting to point out here that with the progress of technology and the birth of the internet, casinos and gambling activities too have been revolutionized with the emergence of what is referred to as online casinos or virtual casinos.

While a little bit of occasional indulgence in gambling activities isn’t harmful, too much addiction can become a matter of concern. Time and again it has been pointed out by psychiatrists that over indulgence in gambling activities can result in causing psychological disorders. This is prevalent as casinos offer huge benefits upon winning which are successful in attracting the players. Once the game begins, some players continue to play the game even after losing huge stakes in hope that may be they will hit the jackpot amount soon. But in cases it doesn’t happen, the player may lose enormous amounts of money and he might also fall into a debt trap which can affect him psychologically or may force him to commit heinous crimes to recover the amount lost.

The casinos are comprised of huge amounts of currency required for betting and gambling and therefore it is necessary for the authorities to make sure that adequate proportions of security forces are deployed as guard since often people are tempted to steal by duping the system. This is why nowadays, close circuit television and hidden cameras are employed for ensuring full proof security. Online casinos too are plagued by frauds. In such cases, some fraudulent players’ often are seen to create false slot machines using graphics editing software tools and demanding jackpot amounts against it. These players also use varied identities while signing up in online casinos in order to demand in excess for the winning amount. Such activities should be kept under check in casino gambling.

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