Binary options exchange game

Binary options exchange game Binary Options, also known as Digital Options, all-or-nothing options or Fixed Return Options (FROs) have been available throughout worldwide markets for many years. In 2008, the United States introduced binary options trading to the traders’ portfolio of financial tools. In 2012, they were officially deemed financial instruments by the Cyprus Securitues and Exchange Commission ( ) which would regulate and provide licenses for compliant brokerages. A Binary Option is in essence nothing more than a prediction of which way the price of a stock, commodity, index or currency will move by a designated expiry time. With Binary Options, a trader never purchases or owns the asset – he is only predicting the direction that the asset will go. There are only two possible outcomes, up or down, and the price of the asset does not matter. For example, if the price of gold is currently 1500, will it rise or fall by 5:00 PM today? As far as a trader is concerned, all that matters is if his prediction was correct or incorrect. Binary Options are the simplest way to trade on the market. 319 28th OKtomvriou St, 8th floor. NEW TRADING PLATFORM. NEW TRADING PLATFORM.

Enter your login email below and fill the security check. We will send you an email with a link to reset your password. Binary options exchange game As discussed in “Binary Options: An All or Nothing Gamble?” binary options are a way of trading options for securities, commodities, and foreign exchange based on correctly predicting their future value against the current price. A “call” (buy) option assumes the price will rise. A “put“(sell) option is based on predictions that the price will be lower. Traders have no claim to the underlying asset on which the option is based. Binary options have polarized the investment community and many of those against it base their opinions on the bad publicity generated by fly-by-night online brokers that promise too much and deliver too little. But what of legitimate binary option trading offered by top 10 binary options brokers or in government-approved exchanges such as the NADEX (North American Derivatives Exchange). Is there a way for the ordinary investor to play the game and win? The Odds Are Not 5050. Binary options only involve two outcomes. Either the price is higher or lower when the contract expires and based on that you either win or lose. But even when you enter a contract based on pure guesswork the odds are not the same as a coin flip.

This is because, right from the start, you stand to lose more than you gain. For example, finishing “in-the-money” (your higherlower guess is correct) might guarantee a return of 81% but finishing out-of-the money means you lose 100%. Some contracts do offer to return part of your investment, but it’s usually not more than 5% or greater than the difference between 100% and the percentage of the payout. This is how shady brokers make money, even when they don’t charge commissions for the trade. They’re essentially betting against you. The math for this is quite involved, but the average returns will always be negative for the investor. For the example cited above (81% vs. 5%), you will need to win 55.8% of the time to just break even. The Martingale method. The odds discussed above are done on the assumption that your trades are independent of each other. But what if you actually had a method and based your decisions on an overall assessment of the big picture? The Martingale method is premised on holding your position, no matter how bad, because the situation will turn sooner or later. The rise (or fall) in the prices of stocks, forex or commodities can’t go on indefinitely without a downturn (or rebound). There has to be a ceiling or floor somewhere and it’s always been proven that every new piece of information influencing the market helps the market it correct itself. The problem with the Martingale method is that you need to have deep pockets to stake out a position until you recoup your losses.

Here’s why. If you lose on a trade, you will need to assume the same position (either put or call) on the next trade but this time you will need to increase your investment so that when you do win, you’ll cover the loss and make a small profit in the process. The problem with this is that until you do win, the subsequent investment necessary tends to multiply exponentially. Starting with $5 that pays out %81, for example, will require you to invest $10 in the next, $20 in the third, $50 in the fourth, and so on. It’s no surprise that Martingale is a betting method that traces its origins to gambling, and is one of the reasons why roulettes now have double zeros instead of just one so the outcome isn’t just binary and the chances of a Martingale method being profitable for the gambler in the long run is eliminated. For single zero roulettes, the house has an insurance policy – table limits. Even if you had the money to go on betting until you won, table limits will cap the amount that you can bet. Some online brokers of binary options trading do this too, but they hide it in the fine print. Many online brokers don’t allow you to invest more than $1000 on a contract. Unwary investors do this and find out later, to their dismay, that they can’t withdraw the payout because they violated a stipulation of the contract. Indices, Indicators, and Ratios: The Hard Way is the Right Way. So, the Martingale method isn’t for you and you want something you have more control over?

You want to leverage knowledge to make more informed decisions about your trades? You want to actually understand the underlying assets that binary options contracts are based on? Welcome to the real world. If you want to play it right, you need to invest time in learning the ins and outs of the financial market for options. No free lunches here, unless you want to give online brokers their free meals by investing on the basis of pure luck. There are ways to tilt the odds in your favor. Here’s a list of the things you need to study. You’ll need to wrap your head around these concepts if you’re serious about binary options. Your task is easier than the trader of plain vanilla options because you only need to guess higher or lower to finish in-the-money, but still you need to be right more than you’re wrong to get your investment back. Each of these concepts involve tools (which we won’t discuss in detail here) that might give you brain freeze. Don’t say we didn’t warn you. Judging movement . You can use tools to assess market breadth, which is an assessment of the declines and advances of a market over time. Breadth indicators aggregate statistics on the number and volume of declining and advancing issues (stocks, commodities or currencies), new highs and lows for specific issues, and issues trading below or above the average. Common tools used include the New York Stock Exchange’s (NYSE) advance-decline breadth indicator, and the Arm’s Index or the Trader’s Short-Term Index (TRIN).

Analyzing sentiment . Sentiment is usually reflected in either bullish (buying calls, selling puts) and bearish (buying puts, selling calls) behavior. Crowds aren’t always the best place to look for wisdom, but you can plot your moves based on how the crowd behaves. Monitoring put and call activity is one way to measure the behavior of the crowd. The put to call (P:C) ratio is simply derived by dividing put volume with call volume. Low ratios indicate a bearish market. People are wary, fearful, or pessimistic. High ratios indicate the bullish opposite. Optimism rules the day and people ride the wave until it breaks. All exchanges publish their version of the P:C ratio. Some measure only equity, others only indices, some focus only on retail activity. You’ll need to identify which ratio applies to the underlying asset that you’re trading binary options on. Smelling fear . Markets generally fall faster than they rise because people tend to exit shaky situations faster than they’re willing to commit new money to potentially profitable positions. Volatility is a measure of fear and fear is one of the primal forces driving the market.

Exchanges also publish a volatility index (VIX), a very important tool because the sale of options and their prices are driven by volatility. The point being made here is straightforward. Trading in binary options takes skill and knowledge. It involves some amount of luck, but you can limit your exposure to risk if you know what you’re doing. Binary options trading is all about managing risks and rewards. You’ll need to embrace this as a guiding principle and accept the fact that you can’t avoid losses but you’ll end up “in-the-money” if you planned well and have the patience to see your plan through. You’ll need to exercise discipline when trading, and have a tight leash on your greed and fear. You’ll also have to be in it for the right reason – not just to make a quick buck but because you love the game. Sounds like it could apply to just about anything else in your life? You bet it does. Except that in trading binary options, these words to live by are not optional. You have to do them all and then some, if you don’t want to be parted with your money. Leave a comment! What Is Payroll Management Process?

5 Reasons to Use Payroll Software. Any business that has more than one employee must have a payroll system. Paying employees consistently and with no delays not only impacts their morale, but it also reflects the … What is Conversion Rate Optimization Software? Analysis of Features, Benefits and Pricing. What is conversion rate optimization software? More commonly known as CRO, it generally aims to increase the chance of web visitors turning into customers. Along the lead-to-conversion process, CRO increases … Top 20 Payroll Software for Payroll Service Providers and Accountants. Payroll software is a system that automates and streamlines the process of paying a company’s employees. It may sound straightforward, but the payroll process includes a lot of tasks such … What is Employee Scheduling Software? Analysis of Features, Benefits and Pricing. Creating a schedule that works well for all your employees and shift requirements is arduous and time-consuming. Small, medium and large-scale companies suffer from loss of time and resources in … Top 10 Alternatives to Adobe eSign Services: Analysis of Leading e-Signature Software Solutions. e-Signature software helps you to electronically sign and send business documents. Digital signatures are very secure and used commonly in e-commerce and regulatory filings.

Take a look at these stats … Binary Options Exchange. BinaryEX was started in December of 2012 to help traders and investors find a good binary options broker. Although brokers began offering binary options in 2011, binary options trading is still a new concept to many investors. A binary option gives the trader a potential profit of between 60% and 100% in just a few minutes. As you browse our website you will find information about binary option brokers, method, trading signals and auto trading robots. According to our research, there are almost 300 brokers offering binary options for trading. The first thing to do before opening a trading account, is to learn the difference between regulated brokers and binary option scams. Some binary option brokers offer demo accounts for new traders to to get a feel for their platform. Traders can really experience the effects that different option time frames have on profits or losses. Traders use a variety of trading signals and strategies to maximize profits in binary options trading. The typical method used by binary traders is technical analysis or momentum based strategies. Forex traders are usually the most successful binary option traders, as their trading style is very similar and easily adaptable for binary option trading. Visit our signal reviews to learn more. In the education section of our site, you will find many articles on the basics of binary option trading, trading strategies and information about taxes on binary option trading profits.

Spending a few minutes educating yourself now, will greatly increase your odds of becoming a success trader. Regulation of Binary Option Brokers. Less than 10% of brokers are actually licensed and regulated by . Most binary option brokers are based in offshore countries like Marshall Islands, Vanuatu, Seychelles, Bulgaria or Belize, however the recent MiFID regulations in the European Union, has allowed brokers to receive European Union approved licenses. Visit the Cyprus Securities and Exchange Commission () here. The CFTC in America has given licensed to two binary options exchanges Cantor Exchange & Nadex. Australia licenses binary option brokers via the ASIC. HighLow is a broker who is licensed by ASIC, see here. 2014 was a turning point year for the binary option industry. There are now more than 20 binary option brokers that have received a license from , ASIC, HCMC, BaFIN, , , & FSB. Continue reading about regulated option brokers.

Taxes on Binary Options Trading. As we approach the fourth quarter of 2013, organized traders start planning for their year end tax planning. The year 2013 saw a fundamental change in regards to the tax treatment of binary option profits. Read More… Regulated Binary Option Brokers. Regulated, licensed, authorized or accredited, call it what you want, but change is happening in the binary option brokers industry! Currently, more than twenty binary option brokers are regulated by&hellip Read More… Binary Options Demo Account. Demo Accounts are an Important Part of Choosing a Binary Options Broker. Many Brokers For Some Reason do not Offer Demo Accounts. Compare Binary Option Demo Accounts Read More… How Brokers Make Money. It is no secret, but it is often misunderstood, How a Binary Options Broker Makes Money. The simple answer is, when a trader loses money, the broker keeps it. And&hellip Read More… Is Binary Option Trading Gambling?

The question has been asked many times about binary option trading, is it gambling or investing? The answer is quite simple. It all depends on you! Comparing Trading to Gambling&hellip Read More… New Broker Complaints Procedure. The leading regulator of binary option brokers, has recently changed their complaints procedure. We noticed at the beginning of 2016, investors are no longer able to submit a complaint directly&hellip Read More… Withdrawal Problems From Binary Option Brokers. When a trader first starts researching the binary options broker they are interested in using, they do a Google search for “xyz broker review”. Depending on how long the broker&hellip Read More… How To Compare Binary Option Brokers. We will be discussing the key features that a binary options trader needs to analyze when they compare binary options brokers. Items to Compare are: Licensed or Unlicensed Trading Platform&hellip Read More… Binary Options Exchange - Copyright © 2013 - 2017 Providing Investors With The Latest Information About Online Brokers. About Us. We are not registered brokers or financial advisers and we are not licensed to give stock or financial advice.

We take no responsibility for any losses you may or do incur. Trading Binary Options are extremely risky. Never invest money that you can not afford to lose. Most traders of binary options lose money. Trading in stocks, options, Forex, commodities, binary options, and other financial instruments can result in financial losses. Before placing any trade, make sure you understand your risks. Content on this site is for informational purposes only and should not be construed as professional financial advice. Be sure to thoroughly research the broker you choose. Rates and offers shown here may change without notice. This site is compensated through affiliate and advertising relationships but not for personal opinions and views on featured brokers, products and services. Our site uses cookies. Cookies help create a better experience for our viewers. One of the things cookies do for us is tell us if this is your first time visiting, or if you are a returning visitor.

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The year 2013 saw a fundamental change in regards to the tax treatment of binary option profits. Read More… Regulated Binary Option Brokers. Regulated, licensed, authorized or accredited, call it what you want, but change is happening in the binary option brokers industry! Currently, more than twenty binary option brokers are regulated by&hellip Read More… Binary Options Demo Account. Demo Accounts are an Important Part of Choosing a Binary Options Broker. Many Brokers For Some Reason do not Offer Demo Accounts. Compare Binary Option Demo Accounts Read More… How Brokers Make Money. It is no secret, but it is often misunderstood, How a Binary Options Broker Makes Money. The simple answer is, when a trader loses money, the broker keeps it. And&hellip Read More… Is Binary Option Trading Gambling? The question has been asked many times about binary option trading, is it gambling or investing? The answer is quite simple. It all depends on you! Comparing Trading to Gambling&hellip Read More… New Broker Complaints Procedure. The leading regulator of binary option brokers, has recently changed their complaints procedure.

We noticed at the beginning of 2016, investors are no longer able to submit a complaint directly&hellip Read More… Withdrawal Problems From Binary Option Brokers. When a trader first starts researching the binary options broker they are interested in using, they do a Google search for “xyz broker review”. Depending on how long the broker&hellip Read More… How To Compare Binary Option Brokers. We will be discussing the key features that a binary options trader needs to analyze when they compare binary options brokers. Items to Compare are: Licensed or Unlicensed Trading Platform&hellip Read More… Binary Options Exchange - Copyright © 2013 - 2017 Providing Investors With The Latest Information About Online Brokers. The Benefits Of Exchange Traded Binary Options - Sponsored by Nadex. You may have heard the term binary option before. This term may have a negative connotation for you or perhaps it has a very favorable one. Or, maybe it elicits no feelings what-so-ever. The truth is, there is a great deal of confusion surrounding binary options. They can be a fantastic trading instrument as long as they are structured correctly and traded on a regulated exchange. This article is going to explore exchange traded binary options and how they differ from those typically offered off-exchange or OTC, often by firms outside of the U. S. While all binary option contracts share the same name, there are many different flavors available.

As a rule, all binary options share one characteristic. That is, at expiration there are only two potential outcomes, all or nothing. Hence the term binary option. For many of the instruments sharing this name though, that is where the similarities start and end. If on hearing the term binary option, you had a negative feeling, it is likely you had heard of, or perhaps even traded binary options as offered, by unregulated, or very lightly regulated, off-shore firms. Over the last several years, the number of said firms significantly increased offering “an easy way to get massive returns from a small investment”. This is truly a case of if it sounds too good to be true, it is. As a result of the activities and conduct of said offshore firms, in June of 2013, the CFTC and SEC issued a joint fraud advisory alerting investors to the number of complaints they had received. Thankfully in this advisory they also explained to investors what to look for in legitimate firms offering binary options. Unfortunately, much of the confusion continues to this day. The full release of the CFTC Advisory can be found here: CFTC Fraud Advisory on Binary Options.

In the CFTC Fraud Advisory note, Nadex (North American Derivatives Exchange) was listed alongside the CME as one of three exchanges to legally list binary options in the US and that any other entities outside of the three mentioned, who were offering binary options that are commodity transactions, are doing so illegally. Ultimately, binary options are a very serious trading vehicle which allow traders, or those interested in trading, a means to participate across a range of markets, while having absolute control over their risk exposure. It is important though for individuals interested in participating to understand what to look for in a firm, why to look for it and what the benefits of doing your homework are. Below is a short list of the benefits of trading binary options on a U. S. Regulated Exchange. U. S. Exchanges are regulated by government agencies dedicated to protecting traders and investors. As part of this protection, they hold the exchanges to extremely high standards in every area of their operation. Two of the agencies responsible for maintaining a fair marketplace are the SEC which has oversight of a securities exchange like the CBOE and the CFTC which has oversight of Nadex. As part of the regulatory structure, exchanges that hold member funds, have strict requirements as to how this money may be handled. This generally means that funds are held in segregated accounts with top-tier financial institutions. Additionally, when members wish to withdraw funds, the exchanges must provide an easy to understand and fast withdrawal process. One of the main benefits of trading binary options on exchange is that the markets are transparent.

Because the pricing of these contracts is derived from and settled against a 3 rd party market, traders have complete price discovery and transparency. Also, if a trader has a question regarding a settlement, the exchange will provide time and sales data for verification. An exchange’s most basic function is to match buyers and sellers in an unbiased manor. To maintain a bias free environment, the exchange itself, nor its employees may take positions in its markets. Also, unlike some OTC firms which may take the other side of your trade, exchanges do not make prices or take the other side of your trade. You are never “betting against the house”. If you ever played a game with an older sibling in which as soon as you started doing well, they changed the rules to put you back at a disadvantage, you probably understand the importance of having clear, well defined rules that cannot be changed mid-stream. And how much more important is that when your money is on the line? As part of the governance, exchanges must publish publicly well established, clearly defined rules. Any rules that do change need to be approved by the regulatory authority and members must be notified of the rule change prior to it taking effect. Not so with some of the offshore firms. There are many different uses for binary options and I would encourage anyone interested in exploring them to do so. As with trading any instrument though, you need to understand not just the contract and corresponding risks, but know the firm with which you are trading. To learn more about exchange traded binary options, visit Nadex.

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Some traders believe that exchange financial betting is safer than traditional trading. However, this isn’t necessarily true. The main difference between the two trading types is the way the binary options broker is making money. Bitcoin Binary Trading. Can you Make Money with Options? Can You Trade Binary Options For A Living? Depositing Money at a Binary Broker. Do’s and Don’ts in Binary Trading – Full Guide. Everything About Binary Options for Dummies. Exchange Trading & CBOE Options. First Steps in Options Trading. Future Changes and Developments. Future of The Industry.

How to Minimize Binary Options Trading Risks. How to Trade the EURGBP in Binary Options. How to Trade the EURUSD in Binary Options. How to Trade the USDJPY in Binary Options. How to Trade USDGBP in Binary Options. How to Withdraw Cash at Brokers. Registering at a Binary Options Broker. Truth About Options Trading. When Will Binary Options Go Mainstream? Why is it so Difficult to Withdraw Money? Why Most People Do Not Make Money in Binary. What is Binary Options Exchange Trading? Binary options exchange investing, or as it’s also called, CBOE financial betting (Chicago Board Options Exchange) is a form of financial investing where traders will be trading against each other rather than against a broker. Consider the following example to better understand this: – A trader believes that the value of Microsoft’s stocks will increase in 1 hour.

– Another trader believes that the opposite of this is true. Now, these traders will have the possibility to bet against each other. In order to do so, they will have to invest a certain amount of money on their bet. The trader that will make the accurate prediction will be rewarded with a prize that will be his bet amount plus his opponent’s bet amount minus a commission. In exchange financial spread betting the broker that’s offering exchange services will charge a certain amount of commission from the bets that were placed by the traders. This is the way the trader is making money using the exchange financial investing model. Difference between exchange trading and normal trading. In normal financial betting, traders will bet against the broker and not against each other. Every time a trader makes an accurate prediction, the money that will be paid out in the form of profits will come from the broker. Every time someone loses, the money will go to the broker. From a technical standpoint these is really no difference between the two trading types.

It’s completely irrelevant from traders’ perspective against whom they are trading at. In both situations, in case of an accurate prediction the trader will win, in case of an inaccurate prediction the trader will lose. However, many people believe that exchange investing is better because in these cases the broker does not have an active interest in traders losing. In exchange trading, it’s completely irrelevant for the broker which trader wins and which loses because the broker already cashed in the commission when traders have purchased a contract. In reality, it really makes no difference in case traders only register at legitimate binary options brokers. The fact that a broker is operating on a CBOE online investing model does not protect traders in case that broker is not a legitimate company. It’s really about only trading at legal binary options brokers. This is the only condition traders should consider. If a broker is legal and is operating on a traditional financial spread betting model, then the services that broker offers are as safe as the services offered by an exchange binary options broker. Advantages of Exchange Trading. Perhaps the only advantage of financial investing exchange trading is the fact that at such brokers traders will be able to see what the popular predictions are by other traders. This way, traders will have the possibility to choose what the majority chooses. However, this is also the greatest disadvantage of CBOE binary betting brokers. This is because, say, 80% of all traders decide to choose to predict that the value of an asset will go up then there will not be enough traders to bet against this prediction, meaning that the bets of a large number of traders that predicted that the value of the asset will go up will be cancelled.

Online investing exchange trading only works if precisely 50% of all traders make one prediction and the other 50% makes the opposite prediction. In order to maintain this balance, financial betting exchanges usually provide only very difficult contracts in order to determine traders to reply more on luck than on skill. This is because if traders reply more on luck, then overall the ratio of the choices made by all traders will be very close to 50%-50%. As such, in our opinion, CBOE binary betting brokers are actually inferior of normal binary options brokers. What type of broker to choose? We already established that the main criteria you should look at when choosing a financial service provider is to make sure that the broker is legitimate. As such, from a safety perspective it makes no difference what kind of broker you choose. However, as explained in the paragraphs above, financial betting exchanges might be encouraged to offer difficult online investing contracts in order to determine traders to rely more on guessing rather than on skill. For this reason, we believe that traditional brokers are more advantageous than exchanges because they are free to offer very simple and easy to predict contracts. If you are interested in registering at a legal binary options broker that offers great services then you should consider the ones that we have listed on this page. All these brokers are run by legal companies and offer top-of-the-line services. The listed brokers have a large variation of asserts, offer very advantageous payout rates and provide multiple contract types as well. The services offered by these brokers are also available on mobile devices such as smartphones and tablets.

The brokers on this page also provide financial betting bonuses that will award you with free money you can use for investing purposes. Check out these brokers now if you want to invest in financial assets at reputable service providers. Likewise, read our other online investing guides in order to learn how to win at binary options. Latest Binary Options Articles & Guides. Ever wondered what the truth behind binary options risk free trades is? In this article I will be shedding a light on this very interesting and potentially rewarding concept. In this ultimate guide to binary options trading you will learn everything you need to know about this form of online trading. It doesn't matter if you have no experience at all. Read this article and become a pro trader right now. In this latest article I will be explaining how you can trade USDJPY using binary options. You will learn about what influences the movement of this forex pair so that you can make accurate investments at your binary options broker. You will also find out what the recommended and safest binary brokers are for USDJPY.

Trading Binary Options on Nadex. Change Trading vs. Casino Trading. The term "binary" probably has a negative connotation for most people. And for good reason. Most of the places where binaries can be traded, the trader has very little chance of making any money because making the winning prediction results in a payoff that i s far too small . This article compares exchange-traded binary options trading with trading via websites that offer binary trading. These websites are not located in the US. By itself, that should not be a problem. However, there is one clue that tells us that we should not expect to make money: Many of the websites offering binary options give traders a "bonus" for opening an account. I was offered $500 bonus cash if I opened an account with $1,000. (I did not accept) This is the same tactic used by online casinos to attract players.

If your chances of coming out ahead of the game were anywhere near 50%, no one could afford to offer bonus cash to new players. In my opinion, these binary option exchanges would be more attractive if they did away with the bonus. In the Advisory, only three exchanges were mentioned as legally listing binary options for trading in the US ( CBOE , CME (options on snowfall or hurricane index, for example), and Nadex ). It is truthful, as far as it goes. However, there is no mention of the odds of profiting. Nonetheless, Nadex is far better than websites with offshore locations. U. S. Exchanges are regulated by government agencies dedicated to protecting traders and investors and are held to extremely high standards in every area of their operation. Exchanges that hold member funds ​have strict requirements as to how this money must be handled. Funds are held in segregated accounts and the exchanges must provide a quick and easy way to withdraw cash. Market makers provide published bid and ask quotes for every option.

Traders do not trade against the house (Nadex). Traders have complete price discovery and transparency. Time and sales data is available for verification. An exchange’s basic function is to match buyers and sellers and neither the exchange nor its employees may take positions in its markets. As part of the governance, exchanges must publish well-established, clearly-defined rules. Any changes must be approved by the regulatory authority and members must be notified before they can take effect. On the negative side, the bidask markets are fairly wide. On the positive side:The trade platform is easy to use and market data, along with bidask quotes for the options, are live and updated continuously. Binary options exchange game Woody Creek, Colorado, June 2016. “… a lithograph picture that’s turned to the wall …” The Paperback is Here. W. W. Norton’s paperback edition of Dry Bones in the Valley is available in the US as of April 6, 2015.

It will fit in a large pocket and is suitable for travel, reading, swatting insects, and other uses. Links to retailers can be found on the book page. This past weekend I attended the Los Angeles Times Book Prizes and Festival. By day, jacaranda trees were in bloom I’d never seen trees that purple before. Saturday night, will wonderments never cease under the stars of heaven, Dry Bones in the Valley took the prize in the MysteryThriller category. At the ceremony, the UCF string quartet played the winners on and off the stage. I don’t usually crow about the book on this particular page, but hey, it felt and still feels just as strange and dreamlike as anything else … Sky Before Painting of Sky. “For those of us who write poetry, Stanley Kunitz’s life and his work remind us that although we have been born into an unkind world that tells us to be hard and separate, it is our calling to dance for the joy of survival on the edge of the road. We must have faith that we will change, and yet we must remain modest. Poetry is a necessary and natural phenomenon, neither superior to the work of the tortoise beetle larva nor less wonderful. We must choose love before love story, sky before painting of sky, gentian blossoms before poem, even though those these choices might lead to heartbreak.

We must be kind. We must be present. Kunitz reminds us not to neglect the humble life that dies into our poems, and is no less blazingly luminous for being ordinary.” -from “I Dance for the Joy of Surviving: Stanley Kunitz’s Meditations on the Writing Life” by Dante Di Stefano. Writer’s Chronicle, September 2014. Check out the cover on Faber & Faber’s edition (UK). “One bright moonlit night, as one of the sons of the farmer who lived at LLwyn On in Nant y Bettws was going to pay his addresses to a girl at Clogwyn y Gwin, he beheld the Tylwyth Teg enjoying themselves in full swing on a meadow close to Cwellyn Lake. He approached them, and little by little he was led on by the enchanting sweetness of their music and the liveliness of their playing until he had got within their circle. Soon some kind of spell passed over him, so that he lost his knowledge of the place, and found himself in a country, the most beautiful he had ever seen, where everybody spent his time in mirth and rejoicing. He had been there seven years, and yet it seemed to him but a night’s dream but a faint recollection come to his mind of the business on which he had left home, and he felt a longing to see his beloved one. So he went and asked permission to return home, which was granted him, together with a host of attendants to lead him to his country and, suddenly, he found himself, as if waking from a dream, on the bank where he had seen the fair family amusing themselves. He turned towards home, but there he found everything changed: his parents were dead, his brothers could not recognize him, and his sweetheart was married to another man. In consequence of such changes he died broken-hearted in less than a week after coming back.” –As told to John Rhys, author of Celtic Folklore, Welsh & Manx, Volume One (1901)