Month: June 2018

7 Forex Trading Tips for Beginner Investors

Want to start getting into Forex trading? Forex is extremely hard for beginners but the payoff is great, Forex trading refers to the trading of liquid foreign exchange currencies on the open market, it is one of the most liquid, widely used trading markets in the world, forex covers almost every single tradable currency in the world and it is in the trillions of dollars in tradable and liquid money in every year it has been available. Which is why it is a great investment opportunity to get into, however there are a couple of tips that I’d recommend to a beginner noobie investor before jumping in, lest you get burned:

  • Learn the basic things first

Watch a lot of YouTube videos from Forex training sites, learn how the market works, understand all the lingo and start understanding the basics of the market and how it works. Jumping in with little to no experience is a terrible thing to do and many will get burned because of this.

  • Don’t freak out over small dips

Freaking out is a natural for beginners, small dips in the market happen frequently and will often throw beginners off of balance, which is why people should never freak out if a small dip in the market happens, make sure to stay calm and in control.

  • Be realistic with your goals

No, if you put in 3 grand and expect to be able to go to the beach in Thailand with all your money and live a life of luxury, you are completely, 100% wrong. Forex is not a solve all problems solution, it’s not easy and you certainly DO need to learn the market. If someone tells you you don’t have to, they are probably trying to scam you.

More tips:

  • Don’t trade at high volumes
  • Don’t place stop losses too close
  • Don’t go in without any understanding of the charts
  • Focus on the price

The Best Personal Finance Tips to Help You in 2018

Managing money is never an easy task. No matter how well versed one is in finance and in various financial instruments, when it comes to personal finance, there is always a second guessing and a bit of doubt. You are not too sure if this is what you should do right now. You have doubts about something else that might happen in the market and are not sure if you should wait or go ahead for now.

When you browse through coinchefs.com, you will see how all you can manage your finance. Money is one thing that needs to be managed and monitored closely, to ensure there are no regrets.

Here are some personal finance tips to help you in 2018

Budget

The first and foremost step is budgeting. Sit and come up with a budget for your income on a monthly basis. Include your regular expenses, loan payments, subscriptions, etc. also, include a 10% – 20% for other expenses like gifts, unexpected guests, etc. this will ensure you are always prepared for a surprise expenditure.

Once your budget is ready, you will know how much of your income is actually spent and how much is saved. If this is not what you put in the bank or invest elsewhere as savings, you need to dig deeper to know where the money is going.

Plan

Once you know how much money is left to spare as savings, plan for it. Though it can lay idle in the bank, and earn an interest; investing it outside will earn you good returns. Look for various venues to invest in and learn about them thoroughly. Analyze and decide on which will suit you the best.

You need not invest in all them right away. Invest in each of the chosen options month after month. You can even invest in just one or two of the best options and let your money grow. After a while you can start exploring other options.

How to Make Your Dream Home Come True on a Budget

Almost everybody has a dream home. However, only a few are able to make this dream home a reality. Have you ever wondered why that is so? Well for starters the first and most important reason why people do not get to live in their dream home is that many of us just do not have the will to convert dreams into a reality and for those who do have the will, they lack the second most important thing, and that is nothing but money.

Dream homes obviously tend to be a lot expensive. It is no wonder they remain a dream. However, the secret behind the successful few who have been able to find a dream home is one, they choose to settle for a house that closely resembles their home or two, they know the art of budgeting required to build their dream home.

Budgeting is very important, even the Royal family sticks to a budget although they have more than enough to splurge. So here a few tips on how to get your dream home by sticking to a budget.

  1. Put your dream on a paper. If a dream is still in your thoughts, then it is bound to remain a dream forever. Putting your dream on a paper allows you to plan what are the things that need to be done and you will be to allocate a fixed budget next to each. Hence, the first step is always to plan and budget side by side.
  2. Secondly, be very realistic. Although you are trying to bring every element of your dream to life, at times you will have to decide what is feasible and achievable as against what is unrealistic.
  3. Thirdly, stick to your budget and do not lose control of it or let others you convince you otherwise.
  4. Lastly and most importantly do not touch your savings or other funds set aside for other important things in your life. Rather, set aside a safety fund or an emergency budget just in case you are in need of some extra cash during unforeseen circumstances in the very beginning.

So, if you are one among that few who really aspire to live in your dream home visit www.batistaproperties.ca where dreams are converted into customized homes, all ready for you to start living.…