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By: Adam Stone
February 26th 2014 7:30am GMT, London UK

Casinos have been making news in the world of stock trading. While the verdict is out as to whether stock, forex, and binary options trading is all one big casino what is perfectly clear is that the casino business is in the headlines on Wall Street. The reason for this is the possible legislation that will legalize casinos in Japan. The Asian giant which also happens to be the world’s 4th largest economy, is the 3rd largest gambling country on the planet. Meaning, stocks like Las Vegas Sands, a stock available for trading with binary options, is making serious waves for traders. Other gaming stocks are as well, but LSV is probably the closest watched due to comments from the company’s CEO who was quoted stating that he’s be willing to invest upwards of $10 billion for the prospect of getting in on the Japanese market.

For binary options traders, LSV isn’t a typical blue chip stock like Apple or IBM. The stock is a roller-coaster of sorts with very volatile trading behavior. On the one hand, it’s exactly what many binary options traders look for. On the other, we recommend simply keeping the stock on your watch list and learning its behavior. If things start heating up in Japan, then sure, take a stab at profit making on the stock. But it might take some time to learn more about this.

Binary options traders will likely keep focused today on the news today as the US stock markets lost some ground yesterday. With the S&P unable to break new record highs, binary traders may opt to look to the news and not the price action. After all, with no tests or real breaks for US indices, binary options traders will likely look back to forex.

For forex trading binary options traders, the EUR/USD is nearing some interesting territory. In the coming weeks, the ECB may decide to further push its quantitative easing tactics which will weaken the EUR vs the USD and other majors. So look to these news events for a possible move downward against the USD.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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