Saturday 7 July 2012

From Poker to Forex

In April 15th, 2011 Black Friday hit the online poker world fairly hard as 5 major poker sites were taken offline. Out of those 5, only 4 survived and although this was a crackdown on American gambling, worldwide players felt the heat as they couldn't get their money from sites like full tilt poker.

For many professional poker players, their bankrolls were left frozen and their means of earning a living from poker online was coming to an end. Well it's not over but the good ole days are just not there and it's tougher to earn a living on something that isn't so stable. With any professional gambler, you could treat them like smart investors that use odds and probabilities to their advantage for an edge, which is how they do their job for a living.

The same could be said of forex and binary options. This is really gambling just with the numbers moved around a bit and the names are different. Forex and binary options haven't been classified as gambling yet but it's another industry that is getting regulated as well so you can be sure of that. There is a lot of money to be made in these markets and a lot of that money will come from the gamblers that participate in these networks. That is people invest into projects more on emotion than people would like to believe.

People are gamblers by nature, every day when you wake up you're gambling that you'll have a good or bad day.

The point of this post is to relay to the online poker world that there is a bigger and brighter future than poker and it's called forex, financial trading and binary options. Get in while it's still early.