Get the BIGGER (and BIGGEST) BANG for your Buck
I often wonder why more gamblers don’t trade the markets because if you’re looking for “action” and a potentially high return on your money… there isn’t a much better place than trading the Futures and/or Forex markets.
Like gambling, there is a risk in trading but unlike gambling… you don’t have something “built-in” that lowers your profits (yeah, there’s a commission with trading but it’s rarely as high as the “juice” is in gambling). With trading, there is no “vig” or juice.
With trading, there are no “odds” that can often make the “math” inherently against your position. In gambling, you can be “right” more often than not and still lose money over the long haul… if you go “chalk” a lot… the odds / payout are generally setup where you need to be right 75%+ of the time because one loser could take out 2 winners with how the payouts work… and to make the big money, you need long shots… which lets be honest… rarely work out for a gambler in the long run. Very few people on the planet hit that many long-odds plays to make it a winning strategy. There is a reason why most gamblers fail and “Vegas” has huge luxurious casinos, hotels and properties… they pay for all of that (in part) on your dime… from your losses.
With trading you can use leverage (where “X” amount of money can control a lot of money in a trade). You don’t need a lot of money to make a nice profit… you don’t need to hit a “longshot” in trading to grow your account exponentially. Now, leverage can work both ways… so use it wisely.
With trading, you aren’t playing against the “house” who often has a vested interest in you losing. The “market” in trading and your broker don’t care if you win or lose (if anything, your broker wants you to win so you keep trading). The trades that you make are matched up anonymously through the online “marketplace”… either you make money or you don’t… the “market” doesn’t care one way or the other, therefore it’s not rooting for you to fail. There is no “house” advantage with trading.
And with trading, you have a ton of data to go with easy to access charts that tends to trend more consistently than sports data so you don’t have to worry on a nightly basis if player “A” will get hurt, sick or just have a bad game. Yes, there are a ton of sports stats out there but at the end of the day… you’re still relying on an individual person or small “team” of humans when it comes to gambling. With the futures and forex marketplaces… you’re dealing with millions of people, huge and small entities and billions if not trillions of dollars flowing through it daily… small “blips” aren’t going to move the needle all that much. It’s more predictable and consistent than sports are.
The financial markets are a much bigger “game” than any sporting event which makes for a situation where the “playing field” is much more transparent, has more volume and “true.”
Some other advantages that trading has over gambling is that you don’t have to worry about the “broker” or “sports book” suddenly taking away your “betting” privileges, disappearing into the night or limiting how much you can “bet”, what you can bet on or any of that nonsense… and with trading, you would be placing your trades with a licensed, registered and regulated company as opposed to some offshore company that does what it wants… when it wants… and with very little accountability or recourse if things go sideways or become “shady.”
The stories of people suddenly having their gambling account closed… or told that they can only bet at half (or worse) of what they were betting at previously… are told all over the internet. The “gambling cemeteries” are littered with companies suddenly vanishing with your money or simply going out of business.
Now… don’t get it twisted we like sports betting and do our fair share of sports betting ourselves… we aren’t anti-gambling by any means… but when it comes to action, fairness, leverage, consistency, odds of winning, not having to worry about the “house” or the place where you put in your trades/bets… sports betting (or gambling of any kind) isn’t even in the same universe if you’re looking for fairness, profitability and being able to scale without issues… swing trading the futures and forex markets can’t be beat.
We aren’t suggesting that you stop your sports betting… we’re simply saying that perhaps you should also look at trading the futures and forex market as well… and get a better bang for your buck and where the odds and the “math” aren’t inherently stacked against you.
There are plenty of traders who make a living off of trading… there are a ton of traders who do well with trading… there are companies who successfully operate just off of trading. Can you truly say that about gamblers? I would venture to guess that less than 5% of the active gamblers out who rely off their “winnings” to live… actually make a consistent living off gambling… and those that do probably have huge up and down swings and it’s a high-stress existence for them.
And not to be rude or arrogant… but if you have gotten this far with this article… I would bet you that you’re looking for a change or at least looking to add a more consistent money-making strategy because gambling isn’t working out for you as well as you would have hoped. Why not try something new?
One big question that you may have is how do you start?
It’s not as hard as you may think… at the end of the day, trading Forex pairs and the Futures contracts is not that much different than trading stocks. If you think it will go up, you buy… if you think it will go down… you sell it short. To some people, this all may sound exotic… but it isn’t. If you know how to buy or sell a stock (or willing to learn)… you should be able to trade the futures and forex markets.
These days, most established stock brokerages have a futures and forex department and you often can trade on the same platform that you trade stocks on.
Both the Futures and Forex markets are now “mainstream” and getting more popular by the day. These markets have been around for many decades and the Forex market is actually the largest financial market in the world… and it’s not even close. Banks and financial institutions trade in it every single day… as do people like you and I… all over the world. The Futures market is also a huge market and used by everyone from large companies trying to manage their risk to speculators trying to daytrade it… and everyone in between.
Now, there are some nuances… such as Futures contracts expire throughout the year and you need to make sure that you’re out of the contract before it does but that information is easy to find and our trades that we post with our InsideTheMarket.com service make it easy to handle that. Also, in the Futures and Forex markets… they use margin in a different way then how you would if buying stocks but it’s an easy to learn concept… and actually helps you get more leverage than you would get if trading stocks. With that being said, we would be remiss in not saying that the Futures & Forex markets have potentially a higher risk than stocks but the ROI is potentially much higher as well in the Futures & Forex markets. Trading the Futures and Forex market isn’t for everyone… and you gotta sort out if it’s suitable for you and your financial situation.
If you are looking at getting into trading the Forex and/or Futures markets… hit us up and we can give you some insight and point you in the right direction. We aren’t brokers nor are we associated with any financial institutions but we have been trading since the mid 1990’s and running this service since 1998 so we kind of know how it all works.