Casino City's iGaming Pocket Directory - 2014 Edition

Sponsored by FINANCIALS 47 Visit iGamingPocketDirectory.com for more information. FOREX Forex harkens back to the days of day trading, except with foreign currency. The basic goal is to buy currency before it appreciates. And use that currency to buy more of another currency. Forex traders execute a series of short-term trades on the Foreign Exchange Market in an effort to turn a quick profit. Traders often jump in and out of the market throughout the day and continually monitor their positions. And like binary options and spread betting, it requires a good understanding of how economic factors drive the valuation of the market and currency valuations. Because foreign exchange trading happens at multiple financial hubs throughout the world, forex trading is nearly a 24-hour activity five days a week. In a sense, financial trading – whether it be options, spread betting or forex – is the new day trading. And it’s growing quickly in popularity. FINANCIALS INDUSTRY OVERVIEW