Forex trading and gambling on the currency market has similar trends to sports betting. Forex trading is just a gamble and requires the same amount of skill as an NFL bettor who knows how to do his research on the teams. The key difference is the trader is not researching on the teams but global events and information readily available through news broadcasted over the television, by internet and in the papers. Just studying the going-on’s helps determine where the US dollar, Euro etc is going.
For example the recent collapse of the Greek banking system foresore the Euro sliding down against the dollar and the dollar gaining strength. Most important things to look for should you ever consider forex trading is the country and its stability both economically and government wise. Some safe currencies to bet on include the EURO, Swiss Franc, US Dollar and Canadian Dollar.
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