Posts tagged: trading

Boost your financial market trading knowledge with these money-making tips

finance tradingWhen trading the financial market, and especially when indulging in CFD trading, you need to stay up-to-date with what is going on in the world of currency trading. With that said, you need to be careful as to where you extract your knowledge from. According to Miguel Wellington, one of the top financial advisors at Jones Mutual, some news websites may distribute false information about what is happening in the finance world. In turn, you use that information to decide what direction you want your trading venture to go. That can cause you to lose your hard-earned money, all because you didn’t do your homework properly. Now, how does one gather financial market trading knowledge in order to make more money?

Find your own trading method and stick to it

Every person is different and will see the financial market differently, although everyone wants to achieve the same thing from it – to make money. Many people think that trading the financial market is something one can learn how to do overnight. That is where the confusion comes in. Rookie traders feel that they should trade by gut and often; this is where huge losses occur. The secret to success lies in choosing a trading method that suits your individual needs – and then you need to stick to it. Many expert traders believe that the price action method of trading is the best way of making more profit. This entails keeping an eye on raw prices while focusing on high-probability price patterns that repeat themselves. However, it is up to each trader to choose the way they feel most comfortable trading.

Trade on higher time frames

For a beginner trader, this may seem like something that should not be done. After all, the lower times frame your chart is divided into, the more chances you have to make different trades. While this is true in one sense, it can cost you a lot of capital in the long run. Choosing to trade on higher time frames will give you more valuable information as the candlestick on your chart has had a full 24 hours to build up to where it stands now. With that in mind, you have a more solid notion as to where the market is heading and whether it will be profitable for you to make a trade or not.

Don’t watch your charts all day long

Yes, it’s something all traders struggle with. If you sit in front of your computer all day long while keeping a close eye on the market charts, you will jump at every spot where it looks like you might be making profit. You might also want to close a trade if you see the market is dipping a little. However, if you trade the daily chart, you only have to look at your charts once a day, decide whether to enter a trade and set your stop loss and take profit levels. Once that is done, you can either bite your nails while watching the charts all day long or close your computer with the confidence that your trading decision is made with a clear mind – thus ensuring you more profit.

Scared money is lost money

If you open a trading account and deposit a huge amount of funds into it, you might have a mini heart attack if you think of what is going to happen to your financial status if you were to lose it all on trading. Thus, if you feel comfortable with beginning your trading venture with only $100, you are making the right choice. You should never invest more money than you are comfortable losing, should things turn sour. Yes, you will make unprofitable trades at times but if you are in it for the long haul, don’t pour your entire saving account into your trading venture in one go.

With these money making-tips, you can give your financial market trading knowledge a huge boost, not to mention your trading profits! There is no harm in trying new things but when it comes to trading the financial market, you should rather trade with what you know rather than what you think you might know.

The ultimate beginners guide to Successful Financial Market Trading

financial tradingAre you looking for an excellent investment opportunity? Do you want to have a stable income from your investment? According to one of the top financial advisors at Wilkins Finance, financial market trading is the best place to invest your savings. Financial market trading involves trading financial securities which are usually derived from real goods and services across the world. The financial markets include Forex markets, stocks markets, CFDs, futures, CFDs cryptocurrencies and options.

Although financial market trading has outstanding returns, the business is also very risky. But there is no business without its risks. In any ideal business, you will have losses and losses. You will only have to find a way of keeping your profits above your loses so that the overall position can be profits.

When starting financial market trading, you will have a lot of questions on how to go about the whole process and also whether the investment will turn out to be as profitable as you here. But you should not be worried; here is a simple step by step guide into successful financial trading;

Select the financial market you want to invest in

There are many financial markets; some which include the stock market, futures markets, cryptocurrency markets, options markets, derives markets like the CFDs markets and the Forex markets. You will have to research these markets to know which would suit you best. Each market has its advantages and disadvantages and it is upon you to decide which is best for you. If you want to be an active intraday trader, you could consider investing in Forex, Options and CFDs trading. However, if you are a long term-trader, you should consider investing in the futures and stock markets.

Learn as much as possible about your chosen market

After choosing the market that you wish to invest in, you should ensure that you gather as much information as possible about the market. You should make sure you understand all the terms used and also how the market operates to know how to trade. The information is readily available online. You will not have to enrol in any formal class for you to learn this. If you want video tutorials, they are also readily available.

Choose the right broker

Nowadays much of the financial market trading is done over the counter contrary to in the past where you had to avail yourself into the trading halls. The only items you will require is a good internet connection and a computer or phone. Once you are set to start, you will need a broker to link you to the market. Choosing the right broker is usually a balancing act since you want a broker who offers the best services yet at the same time a strict broker concerning security.

The broker provides an online trading platform where you can execute trades. Your trading experience is majorly hooked on the type of broker that you choose. You will have to create a trading account with the broker and deposit funds into the account so that you can use the funds to trade the financial instruments that the broker offers. A good broker should have a user-friendly trading platform and allow as many trading features as possible. You should also check to ensure that the broker is regulated with a trusted regulating body. Avoid brokers who are controlled by foreign regulating bodies. The security of the funds that you deposit with the broker for trading depends on how well the broker can be trusted not to walk away with them. Remember to choose a broker who has a demo trading account so that you can have a place to practice trading and test your trading strategies, indicators and trading EAs.

Develop a profitable trading strategy

You will have to have some rules to guide you through trading process. You will have to program yourself to learn when to place a buy or a sell order and also when not to place any trades. In most cases, you will have to use a combination of trading indicators to give you signals of when to enter the market and also when to exit the market. If the broker allows, you can use expert advisors to automate your trading process. You should ensure that you test your trading strategy in a demo account before using it in your real trading account.

Ensure you are disciplined enough to follow your trading strategy

Coming up with a good trading strategy is not all. You will have to discipline yourself to obey that strategy. When it says no trading you should not place a trade no matter how the markets behave. That way, you will end up being successful in trading.

What You Need to Know About Cryptocurrencies in 2018

money coins mattersIf you’re at all interested in investing and using your money to its maximum potential, then right now, you really do need to know about cryptocurrencies. It might turn out that they aren’t the right thing for you, and it might turn out they are the perfect way for you to use your money, but you won’t know that unless you know a few things about them first…

Cryptocurrencies are Pretty Volatile

Before you even think about investing in Bitcoin or other cryptocurrencies, take a look at this Bitcoin Blog, and you will see that cryptocurrencies are very volatile which means you can see a huge rise or fall in price every day or even hour, depending on the market. This means you can make huge profits, but you can also make huge losses too. So, if you’re risk averse, they probably aren’t the best investment option for you. However, if you’re willing to play the long game, adding some digital currency to your portfolio probably isn’t the worst idea.

Cryptocurrencies have No Backing

The money you have in your bank account, wallet has backing from either the government or central bank, who regulate it. This is not true of cryptocurrencies, which not only means they are more easily lost, but they are also more difficult to quantify in terms of value. That being said, the fact that they are so deregulated and about as anonymous as you can get does have it’s advantages when you’re looking to manage your money as effectively as possible.

Bitcoin isn’t the Only One

Bitcoin was the first cryptocurrency, and as a result, it is the one that most people have heard of, but it isn’t the only one. There are more than 1,300 cryptocurrencies currently available, although Bitcoin does account for more than 54 percent of the market’s worth. What does that mean for you? If you want to make big profits, it may well be better to look at up and coming cryptocurrencies over Bitcoin. The Cryptocurrency Facts website is a good source of currencies. Check it out and see which currencies seem most likely to make a profit for you.

Blockchain is Where the Profit Is

There has been somewhat of a frantic rush to invest in various cryptocurrencies, most notably Bitcoin, and although lots of people have made pretty good profits investing in it, where the real profit is in the Blockchain technology itself. If you invest in the creation of better Blockchain technology you’re more likely to make money with less risk than if you just invest in the currencies themselves.

You Can Mine Them

Something that novices to cryptocurrencies don’t know is that you don’t necessarily have to buy them – you can mine them too. However, in order to do this, you need to invest in a lot of expensive computer equipment and use a lot of energy, which means that unless you have a huge stake and you plan to treat mining like a business, it’s probably not for you.

Now that you know a bit more about cryptocurrencies, are you tempted to invest in them, or would you rather stick to more traditional means of growing your money?

3 Strategies To Increase Your Stock Returns In 2018

money stocksImproving your investment results is no easy task. The stock market is not for the faint-hearted and emotions can get the better of us as investors. As 2017 comes to an end, you may have noticed that your investment portfolio doesn’t look as healthy as it originally did. However, there are tools in which you can use to your advantage and boost your stock returns to the numbers you want to achieve. These are three strategies to receive more financial gain.

Value vs growth method

With the use of index tracking, value companies have outperformed growth companies in the U.S. and international stock markets. Focusing your investments on value instead of growth companies will increase your chances of receiving higher returns.

By doing this and using financial tools such as a covered call screener, you are more guaranteed to get an increase of returns in 2018. Even though value companies have lower stock prices than growth companies, several value firms will offer stock brokers an annual dividend payout. Dividends are particularly useful if the price of a stock has slow appreciation during a time period.

Rebalancing strategy

Inevitably, your investment portfolio will decrease from its original asset class percentages and won’t appear as healthy as it first did. The method of adjusting the portfolio back to its original allocation is known as ‘rebalancing’.

There are a couple of ways in which this can be accomplished. These are: adding money to the under-weighted section of the portfolio, selling a portion of the over-weighted section and adding this to the under-weighted piece, or, taking withdrawals from the over-weighted assets.

By rebalancing, you are enhancing your portfolio performance and making it look more financially appealing to potential sellers. Not only does it do this, but it puts your investments back to the original level of risk tolerance. Keeping an eye on your portfolio and ensuring that each investment is being efficient with beneficial results is key to selling high and buying low. This means that you’re more likely to make profits than losses.

Prioritising equities and bonds

Before we go into detail over this strategy, let’s first establish the difference between an equity and a bond. Equity is essentially another name for a stock, where investors buy them to generate growth. The ideal equity is one which increases in price over time which allows the investor to sell their share for a large profit. However, a bond doesn’t give much opportunity to grow in value and instead, provide regular portfolio income.

Even though investing in equities can be more volatile and risky, the stock market has consistently outperformed the bond markets over the past decade. But, by carrying out a manageable combination between the two within your portfolio, this can offer better stock returns.

Let’s round it up

As an investor, you can see just by reading these simple strategies how boosting your stock returns and improving your portfolio can be easily done. The key rule is to prioritise your portfolio by keeping it balanced and consistent. Don’t get carried away with the influx of money and lose your main financial vision.

Advice For A First-Time Business Owner

time for businessIf you have entrepreneurial determination then that’s a good starting place for a business. Of course, it’s only one component of many. You need to think about your own experience or expertise regarding the management of a business, how you’re going to fund such a venture, how many other people you might need to hire to help you with this company, and, most importantly, what type of business you’re going to start. Money is probably the biggest worry on your mind but if you focus on making sure all other components of your business are running smoothly then the profits will look after themselves. Here’s some more detailed advice for any first-time business owners out there.

Become a real boss.

You might have an innovative idea and qualifications in a certain line of business but that isn’t going to be enough to transform you into a successful business owner. When you’re the boss of a company, you need to be an all-rounder. For example, if you’re running a legal business then it isn’t enough to simply have a qualification in law. You need to know how to manage finances, marketing, and, most importantly of all, people. If you want your business to get off the ground then you need to learn how to manage your team and fill them with the same passion for the company that you feel. Making that step will transform you from somebody with a great idea into somebody with a great business.

Research the market.

It’s your job to drive the direction of the company. You might have a good business plan at the moment but the market is always changing. You need to update your approach in order to adapt to a changing industry. You need an enticing and widespread online presence in this digitally-driven era of business, as we’ll discuss in the next point, so you might want to look into online companies such as Youi Pty Limited, who deal specifically with buying and selling goods online, for a little insight into their credit ratings and financial situation.

It’s important that you take note from other companies, whether they’re in your industry or not, so as to not only get an idea of what they’ve been doing well but what they haven’t been doing well. The great thing about being the second or third business to dive into a certain industry is that you don’t have to make the same mistakes as the companies that took the plunge first. You can save yourself a lot of money and time by figuring out how to cut straight to “Successville”.

Get your online marketing campaign right.

As touched upon in the point above, you need a strong online marketing approach in order for your business to succeed. You might not be a marketing expert but you should certainly get marketing professionals to help you if that’s the case. The “build it and they will come” mentality doesn’t always work because there’s a lot of competition offering the same products and services as your business. You need to stand out from the crowd if you want consumers to come to you. Figure out how to optimize the content on your website and social media pages so as to climb the rankings on Google and other search engines. That’ll get you in front of your target market.