By Damian Johnson

2016-10-18_1737For instance, it may seem that the Gaming Commission of Kahnawake should be sad because it no longer takes bets from the United States residents on their online casino sites it at its information center.

However, the Montreal South community of First Nations says that they see this agreement. The compact was made with the State of New Jersey this past week to recognize its status as a universal online casino regulator and the opportunities that lie in the future of the commission.

“We are all brought to the vanguard,” Said Chief Joe Norton in a conference. “What it creates is a kind of understanding and recognition which brings a significant impact in the world of online casino.”

The Gaming Enforcement under the New Jersey Division has been in collaborative talks with Kahnawake since October 2015. These talks were revealed to the masses by the New York Times. This release states that the firm managed its information center, continent number eight, might have rendered services to gambling sites whose operations are based in the State of New Jersey.

However, online gaming in the state is regulated. This is one of the states with tough regulations in online gambling sites after Delaware and Nevada. Off-the-vendor sites offering gambling services in this states are considered illegal under their laws>.

It was not until this past week when Kahnawake had no restrictions on their online markets that were targeted by government licensees. This has allowed the United States facing casino websites to carry out their operations without licenses in the southern border. (more…)

By Chris Ebert

Should Technical Traders Watch The News?

For many years it has been no secret to readers here that it is possible to make a case that when viewing stock prices from a technical standpoint, the chart creates the news and not t’other way around.

Given the ease of access to financial data these days, not only through traditional sources such as print, radio and television; but also in real time on computers and mobile devices, a trader can be bombarded with news from all angles. That raises a new question for technical traders – those who base trades purely on the charts of stocks.technical-trader

“Should a purely technical trader make efforts to avoid seeing financial news?”

Certainly one of the most famous traders in history, Nicolas Darvas, made a point of stressing how he made millions in the stock market as a purely technical trader but almost lost it all when he exposed himself to the news. He revealed the details in his classic 1960 book How I Made 2,000,000 in the Stock Market.

In modern times, Steve Burns, another very successful trader proved that the Darvas technique is still valid today. His methods are detailed in his 2010 book How I Made Money in the Stock Market.

In each book it becomes apparent that it is possible to profit in the stock market using a purely technical approach, using only the chart to make decisions regarding trades. The news itself becomes almost irrelevant, because if the news affects the chart the trader ends up indirectly making a trade because of the change in the chart, not directly because the news itself.

The purely technical trader chooses buy and sell points ahead of time based on a time-tested system that has produced an expectancy of overall positive profits in the past. Another successful modern-day trader, Richard Weissman, clearly explained the importance that positive expectancy has to all traders, whether technical or fundamental, in his popular 2011 book Trade Like a Casino.

how-i-made-2-millionIf positive expectancy is the ultimate goal of a trader – and it should be – then it stands to reason that anything that stands in the way of positive expectancy should be avoided. Ironically, the same news that is designed to keep traders informed about market developments may act as one of those obstacles.

Unless a positive-expectancy model is specifically tailored to include news events (for example, many traders have found positive expectancy by not holding stock positions through corporate earnings reports) then the news should have no bearing on a technically based trade.

Try as they might, most traders will at some point find difficulty (more…)

By Chris Ebert

Covered Call trading is often one of the first types of trading that new options traders encounter, and for good reason. Covered Calls in most instances carry no more risk of loss than outright stock ownership; thus anyone who has traded stocks can usually handle these options contracts without taking on any more risk than they otherwise would in their stock trades.

But, Covered Call options, just as stock ownership, are not without risk. Covered Call sellers can and do lose considerable amounts of capital at times, particularly when stock prices decline. In addition, the seller of a Covered Call gives up all or part of the profits on the selected stock, and thus can lose out on tremendous gains when stocks rally.

The quandary for the Covered Call trader is that it involves considerable risk – nearly the same as buying shares of stock – but limits the possibility of any immense reward. Certainly the trader receives compensation for this in the form of an option premium; but that premium can either be too small to offset the risk of owning the stock (if the stock price falls sharply) or too small to offset the reward that otherwise would have been obtained (if the stock rallies).

That makes Covered Call trading ideal only in a market in which stock prices move sideways. The seller of the Covered Call in a sideways market neither suffers losses from steep declines in stock prices, nor gives up what might have been potential gains from price increases. Though there have been up days and down days, stock prices have been going mostly sideways for quite some time now. That means 2016 has been a banner year for Covered Call trading.

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While there are many varied methods for trading Covered Calls, given the myriad options available, the highest volume of trades tend to be executed near what is known as an at-the-money (ATM) strike price. Of those trades many tend to be executed at what is known as (more…)

By Jonathan Berkley

If you are running a business today, it is most likely that you have eyes on China. This is the fastest growing economy today and most big brands from Nike, Starbucks, Ikea, Apple and Coach to Adidas are moving to the country. Whether you are a startup or you are expanding your business, the opportunities in China are tremendous. According to the top brands in China surveyed by Business Insider, the trick in making it in China simply lies in learning the local language, Mandarin.

With over 1 billion speakers around the world, Mandarin boasts the title of the most spoken language in the world. If your business is expanding to the Chinese market either as an importer, exporter or a consultancy, you must invest in learning the local language. There are myriad reasons to learn the language if your business is to succeed in China. Take a look:

1. Respect to Business Partners

Forget the numbers for a moment and look at the opportunities that you will earn through local connections. Your business partners in China will love the fact that your staff has some knowledge of Mandarin. Like in all oriental cultures, respect plays a big part in business and most deals are closed not just on the profitability but the respect shown during negotiations.

2. More Local Appeal

Chinese is spoken by millions of people and most of these are in China. If your employees can use the language, it becomes easier to interact with the target audience. Most Chinese have not yet adopted English and it is up to you to invest in Chinese tuition which will help your staff interact with the local community. The more people you reach the better and this will give your business a local touch leading to more foot traffic and conversion.

3. Understand the Culture

Language is the most important aspect of culture and if you want to trade in China, you better learn the culture fast. Through language training, you will understand the nuances of culture. (more…)