News By Tag
News By Location
Stock market betting company unveils new gaming format
TradeChase.com has unveiled a new gaming format designed to make it easy for anyone to profit from short-term market movements. The new format is a simpler alternative to binary options trading, and uses proprietary on-demand pool-betting software.
Players start by choosing their preferred company, currency or commodity. Players then choose their stake, which can be as little as 10p. There is even the option to play for free to learn how the game works. The aim of the game is to choose whether the price will be up or down in 2 minutes.
Once the up or down choice has been made, the player can watch the prices update in real-time. At the end of the 2 minutes, if the pick was correct, the player receives an instant payout. Trade Chase does not set the return. Instead, it is determined by how well other players are doing in the game, ensuring similar reward for similar performances. Correct picks can earn up to double the stake.
Co-founder Colin Smith, an Olympic silver medallist says, “Binary options trading is quick and tax-free, but it is still far too complex for most people. There is no reason why this form of trading should only be enjoyed by a small number of city slickers. Our new Up or Down game is much more simple and requires no experience of the markets or stock trading.”