Tue, Nov 22, GMT. Contact Us Newsletters. Sign in. your username. your password. Forgot your password? Get help. Privacy Policy. Password recovery. your email. Action Forex. NZD Recovers ahead of RBNZ Hike, Dollar and Euro Dip. Dollar Rally Stalled Once Again, CAD Looks into Retail Sales. Dollar Rebounds Further, But Vulnerable if Risk-on Sentiment Returns. Dollar Extending Recovery, Euro and Sterling Soften.

Home Contributors Fundamental Analysis A One Man Show. A One Man Show. By Swissquote Bank SA. Aug 26 22, GMT. Stay udpated with our FREE Forex Newsletters. Download our Free Forex Ebook Collection. Tags China EUR Fed Gold Oil OPEC Stocks United States USD. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Featured Analysis. Load more. Learn Forex Trading.

Times To Trade Mar 18 19, GMT. Fundamental Analysis in Forex Trading Jul 26 18, GMT. How To Trade Pullbacks With 5 Key Technical Tools Jul 11 17, GMT. Double Tops With Stochastic Divergence Jan 21 21, GMT. What CPI Is and How to Trade Inflation Data Aug 26 17, GMT. Rising and Falling Wedge Patterns Sep 18 18, GMT. com © All rights reserved. About Us Advertising RSS Newsletters Contact Us Disclaimers Privacy Policy.

By continuing to browse our site you agree to our use of cookies, privacy policy and terms of service. But in sports betting, shocks abound. In forex trading, hardly can a newbie make more than a veteran does. e Forex trading requires more technical knowledge than sports betting. A forex trader must have a deep knowledge and understanding of market analysis, market indicators, currency rise and fall trends, price fluctuations, signals and what they mean as well as the mathematical analysis required to make decisions that will most likely bring profit.

While Sports betting only require you to know a bit of recent history, the strength, style of play, and the current form of the teams involved in a match. All these are not technical details, and you can get them within minutes. f Forex trading involves buying and selling with spreads, margins, and leverages. Leveraging is when you forex broker gives you additional funds to trade with, which is usually a fixed multiple of your own capital.

While in sports betting, what you put-in is what brings your results. No spreads, no leverage. g As a forex trader, your success in forex trading depends largely on your personal skills and knowledge, and your active participation is required. You can place you bet and wait for the results of the match. So, you can win or lose a bet whether or not you watched the match. Follow this link to reserve your Seat. RSVP Only. To view or add a comment, sign in To view or add a comment, sign in.

Like Comment Share. Joel Muriuki. Like Sign in to like this comment. Reply Sign in to reply to this comment. François Dupont. Mark Angelo Romero. LinkedIn User.

Eliud Kimonjo. CPA Stephen Ngatia Kariuki. See more comments. Emerging trends: Blind Hiring Jun 21, Exploring the validity of online degrees Jun 19, How do flexible work arrangements affect employee performance Jun 18, Safaricom Newsroom Newsletter ~ November Safaricom PLC 2w. FxRumble-An Ultimate Platform of Gamifying, Forex Trading, and Cryptocurrencies concept for traders.

This site is designed to give you the best information when it comes to trading currencies. This includes stocks and shares but also a growing part comes from sports betting, we even have a separate website that talks about this in detail called Ghost Betting Tips. When I tell people I have £50, across a number of sports betting accounts their first reaction is pure shock.

If you keep correct bankroll management, all investing is easy over the long term. Whether that be stocks and shares, forex, sports or anything else. I even have a twitter dedicated to only this.

Back testing a strategy is very easy — Luckily we have a crazy amount of data from the currency markets. They have been around for year and it is very easy to get information about previous prices, structure highs, news and everything in-between.

As a result if you come up with a trading strategy. It is very easy to see if you would have made a profit if you traded this in the past. This means you can essentially predict the future by using the results of the past.

Limits — There are very few limits to trading forex. You simply have to set up a trading account and then get going. Tax — You have to pay tax on all your profits. Like a business this means you have to aquire the funds to start.

Starting Capital — Probably the biggest issue to trading forex. As the spreads and pip movements are so small you will need a relatively large bankroll to become a profitable trader. Strategies — Building the perfect trading strategy takes a lot of time. Back testing through previous years also takes a very long time. No TAX — Wow this is a big one for me. But if you are seriously making a lot of money then you might want to consider one of the tax havens, that goes for any investment earnings.

Paying less tax is something I have been looking into for years. Sports betting is more geared around value for specific odds.

However you calculate that value, whether you have a hunch not recommended or do statistical analysis and back-test results based on previous data recommended. Once a model is created this is very hands off. You can simply bet where you see value and leave the results to play out. People go to prison for decades for trading with inside information.

It is a crime. BUT when it comes to sports betting, it seems the more you know the better. Or that there is going to be a storm in the middle of a football match, making it much more likely that less points are scored and hence the under total points becomes the best play. Now you have to be incredibly careful with these people!

Regulation — There are lots of regulations around where you can place bets. For example in the UK I cannot use Pinnacle or a number of other large sportsbooks. In the USA as previously mentioned I believe you have to pay tax on your winnings too and in some states sports betting is straight up illegal, so check the regulations before you get started.

This means that as your bankroll grows you are more likely to be flagged as a very good sports trader. This means you are more likely to have limits on how much you can bet per event. This depends on the size of the event.

For example the maximum bet on the superbowl is over 1 million for almost all sportsbooks. But the maximum bet for a small soccer game in league 2 would probably only be £ in most places. Bigger events have higher limits as the lines are more carefully calculated, meaning the bookies have a higher degree of confidence and hence will accept larger bets. Personally I love both sports and forex trading.

I will never stop one for another and I will be doing them both for years and years to come. Back-testing sports betting strategies to see how much you would have made in a season is very similar to back-testing a forex trading strategy to see if your strategy is profitable. Build a strategy. Build your bankroll. Decide your bankroll management strategy. Good luck.

Remember to check out our beginner ultimate guide and our free ebook for your forex trading introduction. Tom is the owner of Elite Forex Trading. A website that provides beginner tips , trainings , reviews and strategies to help newbies get started making money in the forex markets.

By using our information and learning from our content, you automatically agree that it is only for educational purposes and so you will not hold any person or entity responsible for any losses or damage caused by any of the content we have provided or the general advice we have given. This extends to Employees, directors, and fellow members of Elite Forex Trading. Forex trading has large potential rewards when carried out correctly, but also has the potential for large losses. In order to invest, you should be aware of the risks associated with trading and are willing to accept them.

Please do not trade with capital you cannot afford to be left without. We do not promise any person or entity will achieve profits or losses using the information we provide within our website. The past successes or failures mentioned in the content of our website are not indications of future success or loss.

High Risk Warning: Forex Trading has the potential for very large rewards, but equally large potential risks. The high degree of leverage in Forex Trading and investing can work against you just as it works with you. To begin trading and investing in these markets, you should be aware of the risks and willing to accept them as Forex trading involves substantial risks, making not a suitable fit for all investors.

Any of the content provided on Elite Forex Trading is given to you purely on a general advice basis and for educational purposes. Please remember that past success and past loss is not indicative or future results.

By continuing to use the site, you agree to the use of cookies. more information Accept. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Last Updated On: June 30, This site is designed to give you the best information when it comes to trading currencies. Table of Contents 1 Forex Trading Pros: 2 Forex Trading Cons: 3 Sports Betting Pros: 4 Sports Betting Cons: 5 Conclusion.

Related Posts. October 29, October 22, October 20, Copyright © Elite Forex Trading. All rights reserved.

You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market manipulation of forex rates has also been rampant and has involved some of the biggest players. This also means that forex trades are not guaranteed by any type of clearing organization, which can give rise to counterparty risk. Forex trading is a great option for people who want to make the most of their money and develop an additional income stream. Guide to Forex Trading. Double Tops With Stochastic Divergence Jan 21 21, GMT. The formations and shapes in candlestick charts are used to identify market direction and movement.

Categories:

• Binary Options online
• Forex Bitcoin
• Forex
• Forex Brokers
• Binary Options