Now that Marina Bay Sands and Resorts World Sentosa have been opened, how many of you have try your lucks at their casino? Do you know that the casino has a mathematically calculable edge on every game that it offers; hence, over a small number of trials the result is uncertain, but over a sufficiently large number, the overall outcome is a guarantee of profit. Hence the casino owner sees his enterprise as a profitable "business".
Playing the Forex is much safer than heading into a casino because the odds are not automatically stacked against you. For example playing roulette, if I bet on black, chances should be 50%, but the additional green changes the odds to 48.65%, which favours the casino. What has this got to do with forex? In forex the odds are really 50:50 and the great thing is that you can bet both ways.
Your odds at "winning at Forex" when you know what you are doing is statistically much better than a game of chance. If you have studied fundamental analysis and technical analysis, you can fairly accurately predict which direction the market is headed, and when to get out. Compared to roulette, you have almost no way to "increase your odds".
To get started in forex trading for beginner, you can attend the free online course at http://www.babypips.com/school/
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Philips is holding its second carnival sale on 7/11/2009 - 8/11/2009
