Is Bitcoin An Investing Option?

Several years ago, we wrote about whether or not forex was an option as a means of investment. For those who may be unfamiliar with the idea, forex is essentially the trading of one national currency against another, meant to capitalize on the shifts in value between them. On a very basic level, it involves buying currency itself and hoping that that currency’s worth inflates. Forex remains as much of an option as it ever was for investors, but recent years have also brought a different sort of currency investment to light. Specifically, Bitcoin—the pioneering digital currency that some predicted would ultimately supplant ordinary money—has become a popular consideration for a lot of traders. There’s ongoing debate about Bitcoin’s status in that some view it as a currency, some as a commodity, and others even as a type of property. Nevertheless, the fact is that it’s an entirely digital concept that can be used to purchase goods and services, to exchange money with friends, or to be stashed away as an investment. How Does It Work? There is a way to obtain Bitcoins without actually spending money, but it’s not one that’s considered accessible to most people. There’s a complex … Read more…

Positive Aspects of Using Credit Cards

When credit cards were first introduced they were not seen in anything other than a positive light. They were convenient of course and did away with the need to carry too much cash. These days all the advantages of convenience remain and those who ”trade” online could not really operate without one. However they are also a cause for concern because of the level of debt that many Americans have built up for themselves. It is not a card’s fault as such because companies have not forced users to spend to their limits but it has been so tempting and remains so. The average American debt on credit cards is over $6,000 but if the group who pay off their balances routinely at the end of the month are taken out, the debt leaps to over $,000. That is the real downside of cards and if users were to accept one word of advice it would be to get rid of this expensive debt by taking out a cheaper personal loan and pay balances off. Credit cards do have a particularly positive side if used properly. You will need to do your research to get the best deals but if … Read more…

How to Manage Money: The 5 Vital Keys!

Knowing how to manage money is an essential thing in a society gifted in consumption. I share in this article five practical ways to manage your money. If you’ve already had difficult ends of the month, then you know how important it is to know how to manage your money. I gathered for you the best keys to financial management. Learn to say no! It’s amazing how we all have many needs that we are unable to meet. We must therefore learn to say “no” to things that we are sure will hit our finances hard and prevent us from achieving our main goals. Have a budget! The budget is important and essential for anyone trying to learn ‘how to manage money.” Indeed, it is the foundation for the efficient management of finances. Your budget allows you to have a clear idea of what you earn and what you spend or have to spend. It allows you to have your feet on the ground and prevents you from embarking on costly adventures. One important thing: it is one thing to set a budget. But the most important part is to respect it. Educate your family Effective money management cannot be … Read more…

Learning the Right Lesson From Debt

Debt Sucks

Debt is a terrible thing to weigh down your life financial plan, but it’s possible to learn from debt a great lesson. Living beneath your means is an essential part of good personal finance living, but it’s something that’s not often taught or practiced in the United States. If you’ve failed to live beneath your means in the past, it’s important to start doing so now. That’s a great goal, but I’m sorry to say, if you’ve got a lot of debt, you’ve got to live even farther below your means than you would otherwise. We’re talking about real frugality here. If you’ve been living off of borrowing for some time now, this might not be a mode that is natural to you. But it’s necessary if you want to turn the tide on your debt. Let’s start by understanding what you’re up against. Lots of people think about their loans only as monthly payments. If you can afford the $300 a month for that car payment, then it means the car is affordable, right? Not really. This is a trick that low level lenders tend to play on their customers. It’s not a trick, really, but it is often … Read more…

11 Ways to Completely Revamp Your Spread Betting

1.Don’t complicate things Use a simple trading plan. Stick to markets you are familiar with and are comfortable trading in. Make sure you know almost everything there is to know about those markets from their trading hours, to the margin requirements and factors that influence their price. 2.Be up to speed with the latest news If it is a stock, you should be aware of things like when the company is about to announce a trading update or even when it is about to go ex-dividend. For forex pairs and indices, you should always be up to speed with important macroeconomic data news. 3.Study the markets If you watch and study a market for several days (or even months) you will gradually understand how it tends to move and how it trades. So whether you use fundamental or technical analysis, the longer you study a particular segment of the market, the more you can spot its idiosyncratic pattern. If you are looking at commodity markets, then make sure you’re literally an expert and can easily write a whole thesis paper on it. 4.Choose your trading hours wisely Unless you are fully confident in your strategy, avoid trading during the first … Read more…

What Married Couples Should Know About Life Insurance

A lot of married couples (especially millennials) don’t know the importance of life insurance—yet life insurance is even more important for married couples than it is for people who are single. That’s why we asked our friends at Big Lou Life Insurance to provide a guide for our readers about on the basics of life insurance. Every Pound Matters One Inch and one pound can make a difference.  You may not know it, but if you tell your broker you weigh 150 pounds and you come in at 155lbs., your rate can change. With just a few pounds difference you may have been better off with another insurance company. Your Health is Important Blood Pressure, cholesterol, and other levels can have a big impact.  A few points on your blood pressure, cholesterol, or other blood profile levels can make the difference between rate classes. Each insurance company has different targets for each rate class. Your Family History Can Impact Your Life Insurance Premium Family history of cancer, heart disease, and other diseases can make or break your premium.   Some insurance companies don’t consider cancer history in your parents or siblings, while others do.  Most life insurance insurance companies look at … Read more…

Wanna Be a Forex Trader?

Looking for ways to earn money and want to be your own boss? Forex trading might be a good choice for you! This hobby (or even full-time job if you wish) might bring you some serious cash if you play your cards right. In case you‘re not familiar with what forex is, it includes trading foreign exchange on the market. Why is forex trading so popular? It can be a great source of income, without putting much effort into it. Of course, you’ll need to learn some essentials of trading first and adopt basic forex strategies if you want to make a real progress. Later, as you earn more experience, trading will become a piece of cake. Here are several things to have in mind if you want to become a successful forex trader. The first step – learn forex terminology Words such as ask price, bid price, leverage, spread, quote currency, base currency and others are a must-have in your vocabulary if you’re serious about forex trading. There are numerous online resources that can help you get started and learn the basic terminology of forex and adopt the language of the trade. It’s needless to say that without this … Read more…