Short story : Online Gambling 0 comments

Since the online gaming industry spread to many countries, laws and regulations were needed, an organization that would unify all online gambling sites under a series of rules and standards. Today, eGOGRA regulates custody and certifies more than a hundred online gambling sites, and is a benchmark for the industry.

The year 2003 also marked the growing popularity of poker, especially in the United States. When Chris Moneymaker won the World Championship of Poker with $ 2.5 billion, after having played almost exclusively in online poker rooms, poker became a home game, a fire that everyone plays. The poker, particularly online poker, finally acquired a good reputation. The broadcast of the World Poker Championship on television helped improve the image of the game in the eyes of the public, and became a sport instead of an obscure card game and gambling.

Things were going well for the game world, and especially for the online gambling world. But the good times would not last long. They were working in an attempt to make it impossible to play online for U.S. residents

On September 30, 2006, the United States Congress approved a bill that made it illegal for banks and credit card companies, the companies process payments to online gambling from U.S. residents The bill was, at the last moment, connected to a totally different bill on port security. This bill became law when President Bush signed on October 13.

What happened next was a big drop in stocks of companies in online gaming. Party Gaming, operator of Pacific Poker, fell 56 percent, 888 holdings fell 27 percent and shares of Sportingbets fell 56 percent, recently sold its American division to Jazette Enterprises for $ 1 to get rid of a debt of $ 13.3 million of dollars.

While the online gaming industry will likely survive this latest setback, it is undeniable that the industry has encountered great difficulty, as the U.S. provided half of the incomes of some of the companies, and more in others. This is a critical time and an exciting time for the online gaming industry. It remains to be seen whether it will replace, perhaps more than ever, or will be gradually reduced to only a few large companies, strong enough to stand up to this hit.

Forex and Islam 0 comments

If you've spent some time trading the forex market, you probably already know that there are many different aspects on the market that you learn on the fly. One of the unique features such Islamic Forex is a forex account and the industry as a result of  islamic forex broker.

Now you're thinking: "Wait, Islam is a religion, a religion which could be related to the Forex market? The answer is simple. Islamic law or Shar ah "does not allow Muslims to trade Forex or any other financial market in the way that a non-Muslim is not.

The main difference between a standard online forex broker / account and an Islamic currency account and the service offered by Islamic forex brokers is the interest involved in the trade. According to Islamic law, not allowed to give or receive interest payments on any of your transactions.

In Forex, there is interest in many steps along the path. For example, when leaving their positions open overnight, there is what is called "rollover", which are essentially interest payments not to close operations at the end of the day. In Islamic forex account, there is no "rollover".

However, it is not so simple, because if it were, everyone opens an account with an Islamic Forex broker. Of course, there are drawbacks to Islamic Forex trading. These disadvantages often show their faces in the form of higher commissions, or stricter rules in a variety of other ways.

Forex Islamic community enforces strict adherence to Islamic law, making sure each Islamic financial institution an independent advisory board appointed religious practices that guide the organization and business transactions.

Board members are authorized to issue Fataawa, or religious decrees, on the practices of the institution. Therefore, in general, the experts of Islam and the economy, with experience in banking and finance.

In the industry of forex broker, there are countless Islamic forex brokers and currency traders regularly offering its customers the possibility of opening a forex account Islami, such as in Tadawul FX.

The Forex Market And The Forex crosses 1 comments

The Forex market operates on the same principles as any other market in the world are bought and sold items at a specified price, usually estimated future value.

But the Forex market has some characteristics that differentiate it from other markets. For example, when trading in the Forex market, some banks allow you to control and profit from significant amounts of money without having to pay in advance, an advantage very attractive for investment.

The main activity of the Forex market is the foreign exchange and predicting the strength of the currencies of the world from the others, to negotiate accordingly.

The Forex market operates worldwide, 24 hours a day, seven days a week (except for a short break during the weekends) Unlike the stock market, the Forex market is controlled by a central operator but is based on the interbank market, so it is considered an OTC (Over The Counter, exchange between two parties outside the scope of organized markets)

With a daily turnover of several trillion dollars, the Forex market is the world's largest in terms of traded securities. They are conducted directly between two traders, either by telephone or by electronic networks. The negotiation begins in Sydney and moves around the globe as the business day begins, first to Tokyo, then London and later in New York.

Buying and selling currency pairs at the right time is key to the Forex market. You can gain different opportunities with Forex currency crosses when moving up, down and sideways.

Currency Crosses simply refer to specific currencies are traded in pairs like Euro U.S. Dollar (EUR / USD) or U.S. Dollar-Japanese Yen (USD / JPY).

Most Forex traders are mainly focused on the currency crosses largest and most liquid, known as The Majors (major). Among them is the U.S. Dollar, Japanese Yen, Euro, Pounds Sterling, Swiss Francs, Canadian Dollars and Australian Dollars. Most day trading the Forex market is between the major currency pairs.

There are crosses of exotic options trading currencies like the U.S. dollar against the Thai Baht, the Danish Krone and the Singapore Dollar, among others.

There are also crosses of currencies in the Forex market, as the British Pound to Canadian dollar or the euro to Canadian dollar .

To succeed in the Forex market, you trade your coins in pairs to take advantage of the strength of one against the other. If you think the Euro is gaining strength against the U.S. dollar, then it is advisable to buy Euros and sell U.S. dollars at the same time. Success in the Forex market is the ability to detect the strongest currency to buy it while you sell the weakest.

If you are interested in the Forex market, one of the key is knowing how to negotiate different currencies, as well as the concepts of margin and leverage.

The Forex market usually develops with a relatively small margin deposits, which benefits investors because they can take advantage of currency exchange fluctuations, which also tend to be small.