Paradise News

Tag: World

  • Soccer Success: How Media And Money Help Grow The Global Game

    By Ben Nsemo

    Soccer is the most watched sport in the world. From grassroots to the Premier League and all levels in-between, people around the globe have a love affair with the so-called beautiful game. Youngsters can be seen playing on makeshift pitches everywhere from Rio to Rome, London to Lagos, Paris to Prague and in almost every nation in the world. One glance at the festival of football, that is, the World Cup of Soccer every four years is a testament to the popularity that endures.

    Even with this premier position in the world of sports, the global game still has work to do. As the MLS in North America continues to strive for more success in terms of money and supporters, the emerging league in Saudi Arabia is also making a splash and searching to join the elite leagues around the world. Add to these places including Japan with its J League and you will begin to understand how the existing success of soccer is something that continues to grow in new places.

    When it comes to money and the media they both play a major role in the soccer world. At present, there is a buzz around top-class players being enticed to the Saudi league by financial packages that are almost unbelievable. Take a look at the summer transfers in soccer and you will see both the Saudi league and the MLS, both admittedly inferior when compared to European elites such as Serie A or the Premier League, are attracting bigger names than ever, with Messi and Henderson just two to mention.

    Major League Soccer Attracting Major Players And Media Hype

    Back in the 1970s the North American Soccer League attracted players including Pele, George Best, and Johann Cruyff, true global stars at the time. They did not, however, make the league flourish in the long term. Perhaps this was, at least in part, down to the fact that the media hype and global media exposure were nowhere near what the franchises and players are blessed with today. With events such as the Asian Games for Soccer now jostling for attention too, the markets that soccer is involved in are both growing and almost
    immeasurable.

    At present, the MLS global audience is growing at a rate never previously experienced or even perhaps hoped for by league executives. As MLS franchise owners pump more and more money into player purchases, the media hype surrounding the league has reached a fever pitch. Even though the USA is a sporting haven for so many other games, soccer is now featured on mainstream sports channels more than ever, and television sports networks in Europe and South America, two of the heartlands of sports, are also investing in the league for their viewers.

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    Since the early days of David Beckham’s arrival in Los Angeles, the media has continued to showcase this league and in doing so, has helped attract a steady stream of world-class players, some of whom have many good years of their career left. When it comes to growing the global game even more, the USA can never be underestimated as a market, even with the other sports that are more entrenched in the culture and continue to dominate the overall sporting preferences. With media interest in both players and franchises growing exponentially, the soccer success story seems destined to become even greater.

    Online Media Making Major Difference To Soccer Supporters

    Far from the days when people huddled around a black-and-white screen to watch the big soccer match, we are now living in a time when soccer supporters can watch what they want, where they want, and whenever they want. From apps that stream live soccer network fixtures to club apps that show almost real-time highlights, globally available sports channels that show every single Premier League match around the world to subscription sites devoted to all things soccer, online media has transformed how people can and do consume the sport.

    As the internet revolution has emerged and as online opportunities continue to grow exponentially, once again money and media are combining to take this already globally loved sport to even greater heights. It is fair to say that without global media exposure and the profusion of sports sites and apps that are devoted to soccer from around the world, the money being made by players, teams, and franchises would be diminished.

    As we know, television rights, merchandise, and all associated media-driven financial benefits continue to ensure high salaries and soccer security in terms of popularity and status. Add this to the number of countries now starting increasingly popular leagues and you will soon see how money and the media are major players off the soccer field, and how they influence what goes on at every level.

  • Forex Trading Tools

    By Ben Nsemo

    Forex trading tools are software or applications that help traders analyze and execute trades in the foreign exchange market. Knowing the various trading tools helps you understand what you need and when you need it. As a result, you can increase your revenue by investing objectively. some common forex trading tools include:

    1. Trading platforms: Forex trading platforms are software applications that allow traders to access the forex market and execute trades. Popular trading platforms include MetaTrader 4 and MetaTrader 5, and TradingView.
    2. Charting software: Charting software allows traders to analyze price movements and identify trends and patterns in the forex market. Popular charting software includes TradingView, MetaTrader, and ProRealTime.
    3. Economic calendars: Economic calendars provide a schedule of upcoming economic events and news releases that could impact the forex market. Traders can use this information to plan their trades and manage risk.
    4. Trading robots and algorithms: Trading robots and algorithms are automated trading systems that use pre-programmed rules to execute trades in the forex market. These tools can help traders save time and make more informed trading decisions.
    5. Risk management tools: These tools, such as stop-loss orders and take-profit orders, can help traders manage risk and limit potential losses.
    6. News feeds: Forex news feeds provide real-time news and analysis of events that could impact the forex market. Traders can use this information to stay informed and make more informed trading decisions.

    Forex trading tools can help traders analyze the market, identify opportunities, and execute trades more efficiently. It’s important to note that while these tools can be helpful, they should be used in conjunction with a sound trading strategy and risk management plan.

    How can I use economic calendars to plan my trades?

    Economic calendars can be a useful tool for forex traders to plan their trades and manage risk. An economic calendar helps you remain updated about the events affecting the volatility of the market. Therefore, being able to effectively use the calendar is essential. Some steps you can take to use economic calendars effectively include:

    1. Identify key economic events: Calendars list upcoming events and news releases that could impact the forex market. Look for events likely to impact the market significantly, such as central bank policy announcements, employment data releases, and GDP reports.
    2. Analyze the potential impact: Once you have identified key economic events, analyze their potential impact on the forex market. Look for events that could cause significant market volatility or lead to changes in market sentiment.
    3. Plan your trades: Based on your analysis, plan your trades accordingly. For example, suppose you expect a central bank to announce a rate hike. In that case, you may want to buy that country’s currency in anticipation of a potential increase in demand.
    4. Monitor the market: Keep a close eye on the market during and after the economic event, and adjust your trades as necessary. Economic events can cause significant market volatility, so it’s important to be prepared to act quickly if necessary.
    5. Manage your risk: Use tools for instance take-profit orders and stop-loss orders to manage risk and limit potential losses. Remember that even with careful planning, there is always a risk of losses in forex trading, so having a sound risk management plan is important.

    Overall, economic calendars can be a useful tool for forex traders to stay informed and plan their trades. However, it’s important to remember that economic events are just one of many factors that can impact the forex market and that careful analysis and risk management are essential for successful trading.

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    How to choose the best charting software for Forex trading

    Choosing the best charting software for forex trading can depend on several factors. These factors range from its usage, components, cost, if you want to purchase, and customer support. Some of the things to consider when selecting charting software include but not limited to:

    • User interface and customization: Look for user-friendly charting software that allows for customization, such as the ability to change colors and chart types.
    • Charting tools and indicators: Consider the range of charting tools and indicators available, such as moving averages, Bollinger Bands, and Fibonacci retracements. Ensure the software has the tools to analyze the forex market effectively.
    • Real-time data and updates: Look for charting software that provides updates data and real-time, for you to remain top of market changes as well as identify potential trading opportunities.
    • Compatibility with trading platforms: Make sure the charting software is compatible with your trading platform, so you can easily execute trades based on your analysis.
    • Mobile compatibility: Consider whether the charting software is compatible with mobile devices to access your charts and analysis on the go.
    • Price: Consider the cost of the charting software and whether it fits within your budget. Some charting software may offer free or low-cost options, while others may be more expensive.
    • Customer support: Look for charting software that offers good customer support, so seek help whenever you have any questions or come across issues about the software. 

     

    The best charting software for forex trading will vary based on your custom needs and likings. It’s important to research, compare different options, and consider your trading style and goals when selecting charting software.

    How can I test the compatibility of charting software with my trading platform?

    To test the compatibility of charting software with your trading platform, you can follow these steps:

    1. Check the system requirements: Check the system requirements for both the charting software and your trading platform. Be sure that your computer meets all the minimum requirements for the software programs. 
    2. Download and install the charting software: Download and install the charting software on your computer. Follow the installation instructions carefully, and ensure the software is properly installed.
    3. Connect the charting software to your trading platform: Open both the charting software and your trading platform. Look for options to connect the charting software to your trading platforms, such as a plug-in or API. Follow the instructions to connect the software to your trading platform.
    4. Test the compatibility: Once the charting software is connected to your trading platform, test the compatibility by opening a chart in the charting software and comparing it to a chart in your trading platform. Make sure both charts display the same data and are in sync.
    5. Troubleshoot any issues: If you encounter any issues or discrepancies, troubleshoot the problem by following the instructions provided by the charting software or trading platform. You may need to adjust settings or configurations to ensure compatibility.

    Testing the compatibility of charting software with your trading platform can help ensure that you can effectively analyze the forex market and make informed trading decisions. If you encounter any issues or have questions, don’t hesitate to contact the customer support teams for the charting software and your trading platform.Forex Trading Tools

    Forex trading tools are software or applications that help traders analyze and execute trades in the foreign exchange market. Knowing the various trading tools helps you understand what you need and when you need it. As a result, you can increase your revenue by investing objectively. some common forex trading tools include:

    Trading platforms: Forex trading platforms are software applications that allow traders to access the forex market and execute trades. Popular trading platforms include MetaTrader 4 and MetaTrader 5, and TradingView.

    Charting software: Charting software allows traders to analyze price movements and identify trends and patterns in the forex market. Popular charting software includes TradingView, MetaTrader, and ProRealTime.

    Economic calendars: Economic calendars provide a schedule of upcoming economic events and news releases that could impact the forex market. Traders can use this information to plan their trades and manage risk.

    Trading robots and algorithms: Trading robots and algorithms are automated trading systems that use pre-programmed rules to execute trades in the forex market. These tools can help traders save time and make more informed trading decisions.

    Risk management tools: These tools, such as stop-loss orders and take-profit orders, can help traders manage risk and limit potential losses.

    News feeds: Forex news feeds provide real-time news and analysis of events that could impact the forex market. Traders can use this information to stay informed and make more informed trading decisions.

    Forex trading tools can help traders analyze the market, identify opportunities, and execute trades more efficiently. It’s important to note that while these tools can be helpful, they should be used in conjunction with a sound trading strategy and risk management plan.

    How can I use economic calendars to plan my trades?

    Economic calendars can be a useful tool for forex traders to plan their trades and manage risk. An economic calendar helps you remain updated about the events affecting the volatility of the market. Therefore, being able to effectively use the calendar is essential. Some steps you can take to use economic calendars effectively include:

    Identify key economic events: Calendars list upcoming events and news releases that could impact the forex market. Look for events likely to impact the market significantly, such as central bank policy announcements, employment data releases, and GDP reports.

    Analyze the potential impact: Once you have identified key economic events, analyze their potential impact on the forex market. Look for events that could cause significant market volatility or lead to changes in market sentiment.

    Plan your trades: Based on your analysis, plan your trades accordingly. For example, suppose you expect a central bank to announce a rate hike. In that case, you may want to buy that country’s currency in anticipation of a potential increase in demand.

    Monitor the market: Keep a close eye on the market during and after the economic event, and adjust your trades as necessary. Economic events can cause significant market volatility, so it’s important to be prepared to act quickly if necessary.

    Manage your risk: Use tools for instance take-profit orders and stop-loss orders to manage risk and limit potential losses. Remember that even with careful planning, there is always a risk of losses in forex trading, so having a sound risk management plan is important.

    Overall, economic calendars can be a useful tool for forex traders to stay informed and plan their trades. However, it’s important to remember that economic events are just one of many factors that can impact the forex market and that careful analysis and risk management are essential for successful trading.

    How to choose the best charting software for Forex trading

    Choosing the best charting software for forex trading can depend on several factors. These factors range from its usage, components, cost, if you want to purchase, and customer support. Some of the things to consider when selecting charting software include but not limited to:

    User interface and customization: Look for user-friendly charting software that allows for customization, such as the ability to change colors and chart types.

    Charting tools and indicators: Consider the range of charting tools and indicators available, such as moving averages, Bollinger Bands, and Fibonacci retracements. Ensure the software has the tools to analyze the forex market effectively.

    Real-time data and updates: Look for charting software that provides updates data and real-time, for you to remain top of market changes as well as identify potential trading opportunities.

    Compatibility with trading platforms: Make sure the charting software is compatible with your trading platform, so you can easily execute trades based on your analysis.

    Mobile compatibility: Consider whether the charting software is compatible with mobile devices to access your charts and analysis on the go.

    Price: Consider the cost of the charting software and whether it fits within your budget. Some charting software may offer free or low-cost options, while others may be more expensive.

    Customer support: Look for charting software that offers good customer support, so seek help whenever you have any questions or come across issues about the software. 

    The best charting software for forex trading will vary based on your custom needs and likings. It’s important to research, compare different options, and consider your trading style and goals when selecting charting software.

    How can I test the compatibility of charting software with my trading platform?

    To test the compatibility of charting software with your trading platform, you can follow these steps:

    Check the system requirements: Check the system requirements for both the charting software and your trading platform. Be sure that your computer meets all the minimum requirements for the software programs. 

    Download and install the charting software: Download and install the charting software on your computer. Follow the installation instructions carefully, and ensure the software is properly installed.

    Connect the charting software to your trading platform: Open both the charting software and your trading platform. Look for options to connect the charting software to your trading platforms, such as a plug-in or API. Follow the instructions to connect the software to your trading platform.

    Test the compatibility: Once the charting software is connected to your trading platform, test the compatibility by opening a chart in the charting software and comparing it to a chart in your trading platform. Make sure both charts display the same data and are in sync.

    Troubleshoot any issues: If you encounter any issues or discrepancies, troubleshoot the problem by following the instructions provided by the charting software or trading platform. You may need to adjust settings or configurations to ensure compatibility.

    Testing the compatibility of charting software with your trading platform can help ensure that you can effectively analyze the forex market and make informed trading decisions. If you encounter any issues or have questions, don’t hesitate to contact the customer support teams for the charting software and your trading platform.

  • What Percentage of Gamblers Win?

    Everyone at least once thought about winning a huge sum at the casino or while betting. Our Nigerian readers probably wondered how to win a bet on SportyBet (more info can be found here: https://betguide.ng/bet-with-sportybet/) or any other prominent Nigerian wagering platform. But what is the probability of such an occurrence?

    Today we will look at the maths behind the jack-pot and determine whether it is worth it or if it is all just a fluke. With all the actual statistics provided. 

    A Lucrative Business

    No one will deny that the gambling business is thriving. No matter the time and place, it always seems like a bastion of financial stability. There is a reason for it. Millions of people play, bet, or gamble in every way imaginable each year. For some, it is a nice way to blow off steam, but some still view it as a legitimate way to earn some money on the side. And we have some very important and quite unpleasant news for them.

    What Casinos Don’t Want You to See

    If we are to find out what the real percentage is, we will have to look directly at the casino statistics, but here we have a problem. Casinos do not like to talk. However, thanks to the independent researchers and the good people at Bwin.Party Digital Entertainment PLC, which is an online-casino and betting provider, we can have a look at what the casinos are hiding.

     

    Bwin, despite being a casino, wanted to bring the issue of gambling addiction to the public’s attention. And the information they provide is staggering. According to their data, the probability of winning varies greatly in relation to the time one spends gambling. It is around 33% for those who spend less time playing and goes down to only 6% for those who invest a great amount of time into the pastime. Basically, the less you play, the better your chances are.

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    This was also proven correct for the on-the-ground casinos by the team of scientists at the University of Michigan. They came to such a conclusion after analysing a private database, acquired by them after a breach in the casino’s servers’ security. The data shows practically the same correlations in numbers. But it is not the most disturbing thing in our story.

    Something’s Worth Hiding

    The biggest thing which casinos want to conceal is the fact that one third of their funding comes directly from only 2% of people who gamble a lot and for long periods of time. And to top it all off, the entire 80% of all the money that goes to a casino comes from only 10%! This is shocking, to say the least, because it means that casinos are profiting off of people’s gambling addictions, despite always telling the public otherwise. 

    And they knew about it for a long time. But the issue is too sensitive to bring it up like that. However, the situation is changing, and with all this data going public, casinos will have to address the issue in one form or another.

    Actual Chances of Winning

    Putting all of this information on the side. What are your chances to win at the casino in particular? Well, they are slim, but not non-existent. According to both Bwin and the research from the University of Michigan, they are around 13%. But they tend to go down with each game played or bet placed. This is the basic principle behind the casino system. The house always wins in the end, no matter how hard you may try. It is all quite simple really. If each game has a set probability of winning at 13%, then each next will have it lower and lower, until you hit an absolute zero.

     

    It is even worse when we talk about slots. Your chances of winning at them start at around 1 in 128 and end at 1 in 34 million. Does it sound as good as it appears in advertisements?

    Not as Bad as it May Look Like

    Many people view gambling as nothing more than some harmless fun. A way to entertain themselves, maybe win some here and there. And actually, there is nothing wrong with that. Casinos and betting may indeed bring lots of enjoyment when done in moderation. And there are a lot of gambling sites which will provide a great experience to you. But, be wary of the consequences and don’t go there if you want to win. Unless you 100% know what you are doing, you probably will not win anything.

    In Conclusion

    After reading all of this, you probably will never want to gamble again, but we have never intended to discourage you from it. Remember that gambling is not at all about money; it is all about fun, ardour, the highest of highs and the lowest of lows. There is really nothing bad about it. Just be sure that you know your limits, keep your head straight, and you will be good to go.