Forex Trading As A Home Business Posted by nick_niesen on October 29th Cheap Puma Platform White , 2010
Forex trading is a terrific way to make money at home if you do it right. The foreign currency exchange market can be a lucrative way to make money from home, and all that is needed to start is a computer and enough cash to open up a Forex account with a broker. For this business to be successful, you should have a certain amount of knowledge concerning the Forex market and trading on it.
Finding a good broker is very important when trading on the Forex market, and your broker can make or break your Forex account. Ask around, and visit several brokers before you decide on one. Remember that this person will control when to buy and sell your foreign currency and make binding legal purchases for you. Make sure you read all the contracts before you sign them with any broker. Ask the broker what market analysis tools they will make available to you to help you trade more profitably.
Read and learn all you can about trading on the Forex market before you start your home business and open an account. A good way to decide if a home business based on Forex trading is right for you is to open up a dummy account for a month and do paper trades. This will give you an idea of what it takes to be successful at Forex trading before you risk any of your capital. The more you learn about the Forex market, and how to successfully trade on it Cheap Puma Classic White , the better you will be able to make informed decisions on important market factors.
The Forex market has trading hours twenty four hours a day, and there are four major trading centers. These are Sydney, New York, Tokyo, and London, with London being the busiest market with the most trades on almost all days. Each one of these centers has set trading hours Cheap Puma Suede White , and the best time to trade is when the hours overlap, because two markets are open and there are more trades available to make a profit on.
Forex trading as a home business can be a very nice source of income if it is done right. By learning about the market and using a dummy, or demo, account at first, you will increase the odds of success for your Forex trading based home business. Getting comfortable with trading on the Forex market and finding a broker you can trust is important if you want your home business to succeed. Learn the trading hours and techniques, and make sure you know what you are doing in the market. This will help you and your business succeed.
How To Price Up A Horse Racing Book Just Like A Bookmaker Sports Articles | January 16 Cheap Puma Shoes White , 2007 Ever wondered how a bookmaker ?makes? his ?book?? When you visit a race course and look along the rows of bookmaker pitches, just how do they come up with the different prices? Surely the figures are not just plucked out of thin air, because its not often you hear the sob story about a poor bookmaker!
Normally the prices for any given race are settled around 4pm the day before a race. Every major bookmaker will have a team of five or so odds-compilers, one working on each race on the card. These odds are then delivered to the trading team, and the rails bookmakers at the respective courses. Once a market opens on track, the individual bookmakers will keep an eye on what the others are doing as the market unfolds. Each will be competing against the others Cheap Puma Platform Black , trying to attract business by offering the best prices. At the same time they need to balance their books and make a profit. It?s certainly no easy task!
When pricing up any event, the first thing a bookmaker will need to consider is the amount of profit to build into his prices. If he wishes to make a 20% margin he will need to price the race at 120% of the natural odds. Calculating the profit margin is made all the more difficult in the UK because it is one of the most over-populated betting markets in the world, and consequently very competitive. Margins too high and you will be uncompetitive, but cut your margins too much and you will make less profit.
Playing The Percentages
Here is a little game you can try, to help you understand how prices compare to the chances of a horse winning a race. You will need a pack of cards.
First, place the four Ace cards face up in front of you on a table. If you can imagine Cheap Puma Classic Black , these will represent the four runners in the starting stalls of our ?race?. Now, shuffle the remaining cards. Next, deal twelve cards off the top of the deck, down one side of the table. These cards will represent the 12 furlong markers on our ?race-course?.
In my example, the 12 ?furlong? cards comprised 4 clubs, 3 hearts Cheap Puma Suede Black , 2 diamonds, and 3 spades.
Start the race by turning over the first card off the top of the deck. A 'horse' will move forward one furlong each time you reveal a card of the corresponding suit. So, if the first card is a club, move the Club horse out of the stalls and forward one furlong. Repeat until a horse reaches the twelth and final furlong - you have a winner!!
So, how should we have priced up each of these 4 horses before the race? Well, first you need to consider these figures: with 4 Ace cards Cheap Puma Shoes Black , and 12 further cards already dealt from an original pack of 52, there are 36 cards left in the pack. Diamonds is the favourite with 10 cards left in the pack, followed by Spades and Hearts with 9 cards each, and finally the outsider Clubs with 8 cards.
Calculations go something like this for Diamonds: 10 cards in a pack of 36 remaining cards, so 10 divided by 36, times 120(%) profit margin Cheap Puma Platform Shoes , equals 33.3(%) which in fractional terms means odds of 21
For Spades and Hearts: 9 cards in a pack of 36 remaining cards, so 9 divided by 36, times 120(%) profit margin, equals 30.0(%) which in fractional terms means odds of between 94 and 52
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