Tuesday, April 27, 2010

Prizelive, one of the best and funny way to earn LOTS of money

Well, you may have heard of the "paid to" underworld, you click a link and you earn 0.001 cents. Yea that's right, $0.0001. So you can imagine how slow is it.
Yes I'm comparing the worst to the best, let's see more clear. An example of such a website is http://www.jillsclickcorner.com/ (i don't put a referral, simply because you want  http://www.prizelive.com/r/Rosenburg ).

So, you will find many offers (international available) which will be the necesarry money to grow and earn more. There are points (reedemeble for cash) and GC which are used to play games. And you will earn points if you're good enough. (that's just practice, you can select from 4 games the best suited for you).

You also could OWN offers. That is, you buy one, and people registering into it will make you money.

More? Buy an upgrade and get free referals for life.

Just go and take advantage: http://www.prizelive.com/r/Rosenburg

Will post more soon.

Friday, March 19, 2010

Poker Overview

Poker is a game which involves luck and skill. If you take a unique tournament, that's a bit of skill with some good luck for the first positions. But, over a more larger timeframe (say, 100 tournaments) the skill becames very important. I'm talking about the most played version: No-Limit Texas Hold'em.

I'm currently reading this book:
Harrington On Hold'em (Volume 1; Strategic Play) (Dan Harrington - 1880685337)

Harrington has a heavy background on poker, he has been seen in televised poker tournaments and once you enter the poker articles you'll see him being named.
Someone told me you can go to http://thepiratebay.org/ and download it, you are breaking the copy-rights but if you do because you want to start reading quickly, go ahed, just buy a printed copy later. It's one of those CLASSIC books, in these case about poker.

Learning to play poker well is difficult, but in no way impossible.

And as Harrington puts it "be thankfull it's tough to learn, that way you will be better rewarded". (paraphrased)

My posts as of now, are all for people who either: Don't have money, the money it has can't be easily funded, or just don't want to play with his own money.

Ok, then, play freerolls! They are tournaments, for which you don't pay to play but have money prizes.
Of course, those will be the hardest tournaments to win and it's a very good starting way. Play as often as you like, there are a lot of freerolls in different hours. But don't only play, read and apply what you've learnt.
That's why I suggested that book, read and play. If you don't read, you will keep not seeing things that are happening at the table, there's a lot of information there and that will change and improve your play.
Of course, don't just read, the best is to apply your aquired skill.

I'll post new stuff on poker this days.

Wish you gain skills. You'll never lose them.

Thursday, March 18, 2010

How about casinos?

If you have had the experience of playing at "real" (no online) casinos, you may have figured out that they can't be beaten in the long term. (well, blackjack is an exception, hope to post about it soon). Of course, the house has a edge. You go with $100 and get out with $400, in an euforia feeling. But that's not the likly result, you will lose all your money many times more.

Now, online casinos are even worse. For example there's a difference in playing demo vs real. Demo is for you to get attracted to deposit some. But the real problem is the software. It can manipulate the odds as much as they can, more than real casinos, as you will see clearly if the ball falls into black or red, or if the cards at a blackjack table are alright.

So as I said, virtual casinos are even more dangerous.

So what about all this no deposit offers? Usually works this way:
1) You create the account, accept the rules and you're granted from $10 to $500. Then as you start playing you must wagger, say, 10 times the value of the chips you got. AND there's a maximum withdraw (depends on casino but we can speculate with $400).
2) So you want to retire the money. Well, expect to be asked for a lot of id and address confirmation, and even you must take pictures of you with your id, or print the id, put a code and scan it again.
3) Most of them, will require you to make a deposit, for your limited earnings to be accredited with your minimum deposit (around $20). And the sad part, you must wager again.

Ok. One of the main providers of the software is offered by microgaming.com, which hundreds of casino use it's software. This is what they said in a part of their webiste:

"Microgaming is at the forefront of an initiative focused on setting the highest standards in the gaming industry, and leads in the areas of fair gaming, responsible operator conduct and player protection. Microgaming has been awarded eCOGRA’s Certified Software Seal following a rigorous onsite assessment to ensure that the development, implementation and maintenance of the software is representative of industry best practice standards"

The part "leads in the areas of fair gaming" sounds right.

Are there winners in casinos? Yes of course. But it's no likely, i would preffer a lottery ticket instead.

I really didn't have the subject ready this is what I can see now, and i have play in them, I always lose before I wager the necesary times the money.

This post is not definitive. I encourage people to post a comment on your expirences, and I will keep informing on this matter until I make a final "how does it work".

Wednesday, March 17, 2010

Forex Basics

Forex is the name that refers to exchange of currencies (euro, usd, yen, sterling, etc).

So you have some money in an account. This is the list of the most important things you have to know before hand.

1) Money management. If you want to stay alive I'll recommend you risk 15% of your capital AS A MAXIMUM. There's people who risk 1% of their account, so you can imagine that 15% is a BIG amount.

2) Before opening a trade, and having desided what to invest in, you need a cold approach. Think what you can tolerate losing and stick to it. For example, you have $10. If you risk $1, it's ok, but PUT A STOP LOSE when this $1 is gone. At the same time, if you have a winning trade, change the take profit more close to the actual price, this way you will earn even if it reaches stop loss.

3) You opened a trade. The currencie pair (i.e. eur/usd) goes against you, DON'T OPEN MORE TRADES, thinking it will go down, and this is the opportunity. Just let it stop lose, breath some air, relax, calm down, and enter another trade. This kind of "it's gonna go my way, i'll open more positions" is the worst thing you can do. You have around %20 winning and 80% losing. And this is related with 4),

4) Don't let the emotions get control the way you trade. Losing is part of the game, you should accept that you made a mistake, but not turn it into a battle in an efford to gain what's been lost.

5) Source of information. Take time to look at the charts, in the different timeframes, and start recognizing patterns. I think you should became very intuitive and this way, start getting a call.

6) Follow the trend. There are times that 1m, 5m, 30m, 1h timeframe give mixed signals, and this will alter the way to invest. If, for example you see a bullish signal on the 1h chart, you must have to make a lower leverage bet as it can go against you and then came back. The same is if you are looking at a 5m chart. You could leverage more, but put a tight stop lose.

7) Resources. Most of people who write about forex, and especially forex forecasts are wrong.

It's good to read, but question everything. A good starting point to be able to ask, talk, and read new outlooks, (socialize and have fun too) is the forum http://www.forexfactory.com/ . Don't follow a call, just read what they say, look at the chart, then make a decision. Be carefull as people tend to say "i guess is going up", but that should be said with the timeframe they are thinking. That forum is an excelent source of info. As an example, there's a pro named Wormboy, who has his own thread "Wormhole". He is very well educated in forex, and posts his trades. If you are an active reader you'll find who is more likly to win given it's past records. But again, question it, watch your charts and learn how to read them.

8) News. Every day there are news from countries and affect the trend. But this is for a while, then back to the trend. I don't recomend trading news, it's very tough. But just be carefull if you're going with a small timeframe, a news can kill you. (again, set stop lose).

9) Fundamentals. They are good for long term trades, but absolutly void in the short term. Anyway, reading some won't hurt you, just don't take, for example, a scalp based on fundamentals.

Here is one of the best sites on fundamentals. www.gold-eagle.com/editorials.html

Don't forget to check the no deposit forex free cash, you will have the motivation to do it right, learn, and invest money without depositing.

Tuesday, March 16, 2010

Forex Free Money

Ok, the main point of this blog post is to point you to 3 different companies that offer free NO DEPOSIT money. So you can start without investing you own money, but speculate in the markets for real money.
So here are them: (some things you may find usefull are below).

http://www.marketiva.com/?gid=32066 $5
http://www.10pips.com/?id=4515 $20
http://www.ifcmarkets.com/ $10

Now, the boring, useufull (i hope) stuff:

The markets are maybe one of the most difficult money making ways. It's also very rewarding if you do keep winning in the long term. Don't overleverage (big risk of capital lose). Most of the information is given directly from the charts. You will need some technical instruments, (everyone of that companies soft has them).
You usually are told to trade YOUR chart. And altough this is right, you can start both ways, looking at the charts, finding patterns, but ALSO read what others are saying, not to blindly jump in from anyone's call, but to see other perspectives. The best place to talk and ask maybe http://www.forexfactory.com/. Start with one pair (eur/usd, for example) and stick to it until you have mastered it. Be real carefull and have a good money management. This is *very* important, you could lose many times (pro's also) but the difference is that you can come back and keep making investments.

Please read my post "Forex Basics" for a complete MUST KNOW about Forex. Been there, if you can follow the 9 points I wrote, you will win in the markets on the long term. But, of course, keep reading, asking, learning.
Feel free to comment, critizise or ask anything you want. I wanna hear you.