October 2, 2013
My name is Caroline Stevens and I am a computer programmer. Several years ago I decided that I needed to make some extra money and a relative suggested I trade currencies. Till then, I had dabbled in the stock market and I knew very little about currencies or the world of Forex.
So with some advice from a friend who I thought had plenty of experience in Forex trading, I opened an account with a Forex broker and plunked down some money. Of course, I lost the funds within days and was about to give up on the whole thing. But I am not a quitter by nature and I looked around me and saw that there were traders who were actually making money trading Forex. So I took it upon myself to stay with it but to approach it in an entirely different manner.
Before entering another trade, I started to delve deeper into what Forex was all about. I consulted with seasoned traders, read books on the subject and took several online tutorials. I also carefully observed how the market behaved, its price movement and reactions.
I learned how do use technical and fundamental analyses to pinpoint correct price movements and to better understand price fluctuations. Then I opened a demo account with another Forex broker and practiced my moves. See more on OptionFair.
It took close to a year till I felt confident to do my own analysis and to choose which strategies I would need to end up with some profits. I practiced my trades and slowly but surely, I ended each month in with some profits.
Time is Money
I came to the realization, however, that in order to really make money in Forex trading, I had to devote a lot more time to watching the markets and focusing in on the opportunities that present themselves. These opportunities are always there but I knew I had to watch for them with a keen eye.
The problem was I really didn’t have the time to sit at the computer all day and watch for signals. I had a full time career and family that took up most of my day. So I set my mind to developing a program which did most of the work for me. I ended up creating artificial intelligent software which gathered information about the Forex markets and implemented my strategy even while I was off doing other things.
It worked fantastically. It analyzed the available fundamental and technical data and generated its own Forex signals which were then sent automatically to my broker’s platform where they were immediately executed. What more could I want?
Forex trading is not easy. Those traders that succeed in this business must work hard and put in the time necessary to come out profitable. Traders should have the confidence to make the right moves. They should also be prepared to lose some money since not everyone can come out ahead with each trade.
My advice to a novice trader is always do the proper preparation before placing your first trade, move slowly and cautiously and take your time building up your own unique trading style and strategies. More important than anything: When trading, have fun and enjoy the ride.
Tags:
Currency,
economy,
Foreign Exchange,
Forex,
investments,
money,
Trading
August 1, 2013
You are often required to have a deep working knowledge of the Binary Options trading environment when you sign up to some trading sites, whilst some sites do tend to have overly complicated trading interfaces and platforms installed on their sites, it can often lead to some newer traders being confused or even making incorrect trades when using some of these sites.
Should you be relatively new to the world of Binary Options Trading then you will need to pick and choose just which Binary Brokers and Traders sites you sign up to as many of those you will come across allow you to make one click trades which is the only way you should be looking to make Binary Option trades online. Click here to view list of Binary options brokers if you are from UK.
With a one click does everything type of Binary Options Trading platform then you are not going to make mistakes with your trades, and will be able to quickly and very easily select the asset you wish to trade and then make those trades accordingly.
So one of your requisites for choosing any Binary Broker will be to ensure the one you are thinking of utilizing the services has a straight forward and simple to use trading platform. The more complicated the platform becomes then the more likely you are to making often expensive trading errors.
Another couple of features that ant Binary Broker or Binary Options Trading site should offer are both a fully functional Mobile Trading Platform which will of course enable you to make your trades when out and about, plus a reliable telephone support service, which in case of any live trading problems will always respond timely whilst at the same time enable you to phone in any trades you wish to make on the spot.
We are seeing more and more people now turning to trading in Forex Options, this is always popular during and in the run up to the holiday season as this is when traders are looking to lock in value from their spending money on their up and coming holidays and vacations.
This has led to many Binary Option Trading sites pairing up some of the lesser traded currencies of the world and as such you are the able to seamlessly trade your home currency with the value and market swings of the currency of which the country you are visiting has in place.
You will be wanting to lock in value and as such there are more and more Binary Option Trading sites and brokers who are quite prepared to offer you a sign up bonus when you start to use their trading options and trading interfaces for the very first time, and this is where you can not only lock in value but by combining your trades on both new accounts and existing accounts you hold at other sites, you can often guarantee a profitable winning trade by hedging one off against the other with the added trading cash given away by these bonus offers!
Tags:
Business,
Currency,
economy,
Foreign Exchange,
Forex,
money,
Trading
June 26, 2013
Admit it. You’ve daydreamed more than once about hitting the investment jackpot. Your goals are modest. You just want to earn enough money to buy yourself an island. Or at least a second home on an island. So, what’s the secret to discovering the next big thing? Read on for some tips that’ll help you chart a course through the murky waters of investment toward big returns and the island of your dreams.
Tasty Profits: Invest in Restaurants
Consider industries where there will always be demand for the product. For example, people will always need to eat. So, restaurants, especially trendy ones in heavily populated or touristy areas, offer a sweet deal to investors.
Get your slice of the pie early and eat up the profits when the restaurant takes off. Celebrities know the restaurant business is lucrative, too: Ashton Kutcher and his Dolce Group have launched several venues including Ketchup, Dolce, and Geisha House with great success.
Don’t Forget Diversions
Just as people will always need to eat, they’ll always need diversions. Even when the economy’s bad, they still see movies, go bowling, and attend sports events to help them forget that their finances are in the toilet. Take a cue from Jay Z who invested in the Lakers, and consider how you could capture some dollars by investing in a sports franchise.
Entertainment delivery companies such as Hulu, Netflix, and Vudu are leading the way into the new frontier of time-shifted television viewing and on-demand movie watching. Investing in the early stages of these and similar companies may have big pay-offs in the future.
Follow the Big Dogs
Celebrities are making big bucks by investing in industries where there’s a reasonable expectation of success. However, expectations and a company’s size aren’t always harbingers of profit. Just look at Circuit City and Kodak. So, to avoid putting your money in a company that may become a sinking ship, garner wisdom from investment gurus who make a living by spotting the next big thing. Read an article by Fisher Investments about how Ken Fisher navigated his way toward a ginormous portfolio.
Tech is Trending
People are investing in tech companies and partying like it’s 1999. Yep, it’s cool again, and potentially profitable, to put money into online and high-tech ventures. Getting an early piece of the action on a revamped or brand new social media platform could net you profits worth tweeting about.
Let Justin Timberlake be your guide: he and a group of other savvy investors just re-launched Myspace, making it available online and as an iPhone app.
Even if you don’t have thousands of dollars to pour into multiple ventures, leverage your dollars in the crowdsourcing movement. Considered to be the ground-iest of the ground floors of investment, crowdsourcing lets you give small amounts of money in exchange for recognition and in-kind gifts. While that may not sound lucrative, an early investment could open the door for additional opportunities in the future with a company that’s on its way to becoming the next big thing.
Tags:
Cash Flow,
Dollars,
economy,
Financial Plannings,
investment,
money,
Trading
May 20, 2013
Binary option trading is still a relatively new form of stock market investment. This type of trading has only been available to the masses since 2008 but since its inception, it has become very popular with both experienced and beginner traders alike.
What is Binary Option Trading?
Binary option trading allows you to profit from predicting price fluctuations on stock market instruments, such as commodities, stock options, indices and world currencies. The basic concept is simple, if you think that an asset will finish above a certain price you place a “Put Option”, if you think it will finish below a certain price then you place a “Call Option”. If your prediction is correct, you earn a fixed return, often in excess of 70% of your investment. However, if your prediction is incorrect you lose your investment!
Where can you trade options?
Option trading is conducted through online platforms or brokers. Such websites give you access to stock market assets and provide you with the tools and resources necessary to trade successfully. However, not all of these websites are the same and some are far from reputable, so it is important that you choose one that you can trust.
Binary options trading with anyoption.com or one of the other major online platforms or brokers is recommended as this gives you peace of mind that your investments are been handled by a well-known and trusted trading partner.
One of the main reasons why options trading is so popular is down to the trading platforms themselves, and a top platform will lay everything on for you; enabling anyone to trade regardless of experience or knowledge.
How to trade Binary Options successfully:
Not for the faint of heart, these high-risk/high-return stock market options offer quick cash gains to those who have the savvy and skills to anticipate stock market pricing patterns and trends. The best way to get great results while placing “puts” and “calls” is by educating yourself.
Those who take the time to analyze preferred assets over the short and long terms, while also educating themselves on the overall factors that affect the prices of assets – such as social and political events will have the most success. Luckily, getting educated requires no special skills.
You simply need to familiarize yourself with the hourly, daily and weekly price shifts of commodities or other stock market instruments. Many brokers and online stock market trading platforms provide their valued clientele with access to valuable learning tools, such as charts, articles, advice from experts, podcasts and webinars.
Is this just gambling?
There are those who say that binary option trading is nothing more than glorified gambling, and if done incorrectly then this is true. As I mentioned above to trade successful you have to educate yourself, and once you take the time to do this then you are no gambling but investing based on real knowledge and insight of markets and assets.
If you just trade blindly and take Call and Put options on a hunch then you only have a 50/50 chance of been correct – having knowledge gives you the inside lane, and greatly increases the odds of making successfully trades.
Binary option trading is not for everyone and there is risk associated with it, however, this is true for most forms of investment.
How to get started:
Getting started is easy, you simply sign-up to a trading platform or broker and make an initial deposit – this can vary from $20 to $200 depending on the company you choose to go with. Once you make a deposit, you can start trading! The more reputable companies will offer demo accounts or demo features that allow you to practice without investing real money – it is highly recommended that you spend time in a demo environment until you are confident that you know enough to trade for real.
Tags:
Business,
economy,
investments,
money,
Stock Market,
Trading
February 20, 2013
In highly competitive fields of work such as fund management and share trading, overhead tasks like registry services are becoming areas of specialty, with niche companies offering registry solutions and the like. Following the lessons of Ford’s infamous assembly line, this type of business works on the basic principle that specialisation in areas like corporate and share registry services is the key to efficiency, and therefore increased output, in any line of work.
Staying on the positive side of the bottom line, day in and day out, is not just about increasing the amount of work done but decreasing unnecessary overheads within your workplace.
Such as with registry services and registry solutions in the field of fund management, many business owners may think that their employees waste time doing menial tasks. But, taking a step back, many successful businesses come to realise that it’s the employees themselves, and the skills and training they have, that are wasted on menial tasks or tasks for which they have no training.
Leaving overheads such as share registry services to these providers of registry solutions may seem like even more of a hassle or unnecessary expense, but the reality of the situation is that cutting the menial tasks out of your business allows for workers to focus on the tasks that match their skill set; to challenge themselves with work and by putting aside registry services to the experts, and to become experts and specialists in their own fields.
What’s more, outsourcing registry services and the like to companies that focus on share registry services as their core business, means even faster output with less mistakes. Outsourcing a time-consuming and ultimately costly overhead of your business can only add positives to your bottom line.
When hiring out tasks like share registry services to registry solutions providers, you are not merely replacing one group of workers for another. You are also investing in the information and contacts you will acquire by hiring specialists. They will do more with registry services than what your distracted employees would have been doing otherwise had your registry solutions not been outsourced.
Tags:
cash,
economy,
financial planning,
investment,
money,
Services,
Trading
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