Page 51 - Casino City's iGaming Pocket Directory - 2013 Edition

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FINANCIALS (BINARY OPTIONS, FOREX, COMMODITIES, INDICES & STOCKS)
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These are transactions that require a certain amount of knowledge. How are the
commodities markets doing? When is the next OPEC meeting? Is OPEC expected to
increase or decrease production? Is demand for oil holding steady or rising? What’s
refinery capacity looking like these days?
They also require a feel for the marketplace. How does the market respond to certain
types of news? Will the price go up if OPEC does what is expected? Or will the price
only go up if OPEC goes in a different direction?
And after factoring in all of the available variables, will the price close above a certain
mark, or below a certain mark?
Traders can even profit from predicting whether a price will break out of its range or
touch a certain price in a certain timeframe.
Because these are trades against a position, and no assets are bought and sold, the
only limit to available markets is the imagination – or what your provider is willing to
offer.
Traders can take positions on the dollar versus the pound, euro, yen, Australian dollar,
Canadian dollar and Turkish lira. They can also take positions on gold, silver and oil
prices.
They can trade on stock prices for Apple, Google, Vodafone and Barclays. And they can
try their hand at predicting FTSE-100, Dow Jones, S&P 500 and Nikkei 225. And that’s
just a small sample of what’s available for traders.
The best providers in the market provide a wide array of markets to trade in, along
with the tools to help traders keep up with the market.
In a sense, the financials sector is a much more modern form of day trading – without
assets actually changing hands.
FINANCIALS INDUSTRY OVERVIEW