As an avid online gambler I have always been involved in different types of gambling on the internet, ever since I found out about it. I’ve been playing casino games, online poker, sports betting and everything else in between for over seven years, and I have loved every minute of it. It’s something about the thrill you get from putting money on the line and not being sure you will get it back again, or if you will win big and get some well needed extra money.
A few weeks ago a friend of mine, who has been gambling for as long as I have, that he had found a new exciting way of betting money online. I’m always up for trying something new so I wondered what it was. When he said he had started trading on the forex market, I became a bit suspicious however. Is that really gambling? Well, he explained to me that it’s not traditional gambling per se, and many people relate to trading as something you do to make money. However, forex trading offers the same kind of excitement that you would get from any other form of gambling. You can never be sure if you are going to win or lose your trades, but you do however have a great opportunity to predict the outcome of your trades by analyzing the market properly.
All this might seem a bit hard at first… I know it did for me! The fact is that forex trading is very simple to learn, and that’s what I like about it. I started of by visiting a beginners site for forex traders called forextrading.pm, where you can find forex rates, trading systems, strategies and reviews over a large selection of online forex brokers. After reading through a few of the articles on their site I felt comfortable enough to open an account at a broker.
I started of just trading for play money, which means I didn’t have to risk any of my own money while I was learning the trading games. I found a great place that showed a list over several brokers offering the demo account features at Cambiar Devisas. It didn’t take me too long to get the hang of what it was all about. I started reading the financial sections of the newspaper to get an idea of what type of currencies would be interesting to invest in as well as articles I found here and there on the internet.
As soon as I started to notice that I was doing well with my play money and started to gain profit, I decided to make a deposit and start to trade for real. A good thing about forex trading is that it doesn’t have to cost a fortune! I simply deposited $200 my first time, and then gradually let it grow!