February 2018
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What Do You Know About Forex Trading?

Forex trading also known as forex exchange market or currency market is a world market for the trading of currencies. It is the largest market in the globe with the main participants being the most the leading international banks, governments, central banks, Commercial Corporation and other institutional investors. Individuals also participate in the trading even though their stake is small compared to other participants.

The most liquid financial market has been the Forex exchange market. One buys a quantity of one currency by paying with some amount of another quantity. Nowadays the most developed countries have allowed the trading of derived products which include futures and options on futures in their exchanges but such countries ought to be having convertible capital accounts. The risk of involving the derivative products is that they have capital control. Over-the-counter market is the platform from where both brokers and dealers negotiate directly.Investors divide the market into levels of access. As one goes down the levels of access, spread increases as a result of volume.

From the top;

•    Interbank market-Made of securities dealers and large commercial banks. Notable about this level is the spreads (different between ask and bid price) are razor sharp and not known to players who are outside the circle.

•    Smaller banks.

•    Large multi-national corporations.

•    Large hedge funds.

This market has unique characteristics which includes;

•    It has geographical dispersion.

•    It uses leverage in enhancing profit and loss margins.

•    It operates 24 hours a day except for weekends.

•    It has large trading volumes.

Forex trading involves very high risks to one’s capital invested and can lead to loss hence it is always advisable for one only to spend what you can afford to lose. This calls for one to have a vast knowledge of the risks involved. Such companies as CMC market that provides a trading platform for such trading have striven to educate prospective investors through local seminars and free webinars on how trade, managing the risks and trading strategies. Most of them have even provided a practice account where one simulates trading before venturing in real-time trading. This will help one to gain handy experience in the trading as one will master even all the terms used in the trading. However this trading faces several challenges which one have to be aware of including; commodity fraud, forex scams and of late, delayed the processing of withdrawal requests from forex brokers. To help one be successful in forex trading, below are some of the basic things one opt to know:

•    You should study the market, fundamentals, forces influencing market trends and all the technical factors leading to the price actions.

•    Follow your judgment in making decisions. One should not be affected by other people’s opinions though it is advisable at the same time to discuss your views concerning the market with others.

•    It is hard to know of all the financial activities running in the world so focus on one single currency pair and expand it as your skills become well with time.

•    Recognise all your failures and reduce if not eliminating them. Do not fight the markets as one should be humble and patient.

•    Forex trading is a business involving all business risks hence unless one has enough patience and finance resilience to adhere to a long-term plan, it is advisable not to go against the markets.

•    The trading is all about probability hence position yourself in a manner to reduce the losses and have money management skills.

•    Do not invest in inferior goods.

•    Restrain your greed, panic, fear, euphoria and excitement.

•    Only do what you understand and not trade by hearsay, rumours and without a full understanding of both negative and positive repercussions of what you choose to do.

With online trading, it is now easy and efficient in trading. It makes the trading market to accommodate everyone adequately. However, some trading companies do not allow involvement of the trading’s to some regions in the world.

Switching Bank Accounts

Written by Jon Emge.

Up until recently switching bank accounts was a headache and a hassle.  In fact it was something not many of us even thought of doing, we just stayed with the same bank for years and years, dealing with poor customer service, high lending interest rates, and the closing of our local bank branches.  Many bank’s fees are so high for an unauthorized overdraft, you are better off looking at a loan from someone like eCashWindow.

The thought of having to notify our employer with new banking details, change all our direct debits and standing orders, and the time it took to switch banks, was enough to put us off and we would just stay with the bank we presently have.

However, there have been recent changes in how one can switch bank accounts, and these changes are there to make the process easier and seamless.  The new process is to take just seven (7) days, and you can choose a date for the accounts to be switched over,

Last September the “New Current Account Switch Service” began and since then over 600,000 people have used the service and switched bank accounts.  That is quite a few people switching bank accounts in the past 12 months, but why are they switching?

TNS, a research group, did a study as to why people are switching banks, and basically broke it down into two (2) categories.  Those categories were “Reason for leaving your bank?”, and “Reason for choosing a new bank?”

The research group found that people were leaving their current bank due to customer service, branch hours, and the bank’s reputation, in that order.  Many banks have had their reputations tarnished over the years due to poor performance and the “banker’s bonuses”.

In looking at why people were choosing a new bank, the study found that the reason was reputation, interest rates offered and customer service, in that order.  So while customer service may be a number one (1) reason for leaving a bank, it doesn’t need to be the number one reason to choose another bank.

The research study found that Santander seem to have found a way attract new account holders, as they had 22% of people joining, and only 10% of people leaving.  Their new 123 Account may be in part one reason as it offers 1% cash back when you use the account to pay bills.

On the opposite side of the research study were Royal Bank of Scotland and First Direct, who were at the bottom of the list.

The bottom line here is that we no longer have to deal with the issues and headaches of a bank with poor customer service, and the stress of switching bank accounts.  It can now all be done very easily and effortlessly, allowing us more freedom of choice.

Editions with Terry Bradshaw Presents 5 Ways to Keep Your Family Healthy This Winter

If you have a family with children, you know that if one gets sick, it can mean the whole family is sick within a week.  As such, it is so important that you keep your family healthy this winter.  Editions TV has some great tips on how to keep your family healthy this winter.

Here are five easy ways that you can keep yourself and your family healthy this winter no matter what.

Stay Warm

The first trick is to make sure that you keep everyone warm.  This means making sure that everyone has at least one warm coat whenever you go outside, even if you keep it in the car.  A cold child is just asking to become a sick child.  Look for a versatile coat that can be worn with everything and it waterproof so you can wear it in the snow and the rain.

Staying warm keeps you comfortable when the weather gets bad, and being comfortable is half the battle to staying healthy.  Remember, if you’re cold, your children are probably colder, so make sure they are bundled up appropriately.

Stay Mentally Healthy with Editions TV

Keeping your mind mentally healthy during the cold winter days is a huge part of staying physically healthy.  This means continuing to get lots of exercise and as much daylight as possible.  The Editions Television series has looked at Seasonal Anxiety Disorder (SAD), and how the changes in light outside can negatively impact your mental health.

To combat this disorder, try and soak up as much sunlight as possible outside, especially since it becomes dark out so early in the evenings now.

Stay Moisturized

One of the biggest causes of getting sick is the dryness that can come from the cold weather during the winter.  When the weather is dry, everyone can get dry skin, and that cracked skin is more prone to infection.  Make sure that everyone in the household is moisturizing every day to keep the skin and hands hydrates so that you don’t get a rash.

The same is true with lips and throat.  Dry lips and a dry throat can breed more disease.  Make sure that you are keeping your lips moisturized, and also drinking lots of fluids to keep your throat moist.  This will help keep you from getting sick.

Make Sure The House is Ready

Another important factor to look into is to make sure the house is ready for winter.  If the house isn’t ready for winter, you could be exposing yourself to conditions that could make you sick – cold air, mold and mildew from moisture getting in, and more.  During the fall time, you should take care of anything around the house that needs it.  This is the time to make repairs to siding and the roof, before the cold and snow comes.  Also, you should look at the windows and doors to make sure there are no air leaks.

You should also look into making sure the gutters are in good repair, and remove any tree branches that are near the house that could fall and damage the roof.

Editions TV with Terry Bradshaw has looked at the different repairs that you should make to make sure that your house is ready for the winter.  The winter can make things dangerous, and you want to make sure that you can stay inside and be comfortable so you don’t get sick.

Get a Flu Shot

One of the best ways to protect you before the winter begins is to get a flu shot.  Getting sick during the winter months is incredibly hard on a person, especially if you are supposed to be taking care of the children in the house (and even your husband).

There are a wide variety of flu shots available for everyone – children, adults, and even older people who may have special needs.  That way there is no excuse for not getting immunized.

Plus, there are a lot of ways that you can get a free flu shot if you can’t afford it, so there is really no reason to avoid getting the flu shot and stay healthy during the holiday season.

Why remote working makes sense for employers and employees

If you’ve ever been allowed to work from home – or you work remotely regularly – then you’ll already know all about the benefits of not a needing to go into the office every day.

All the usual office distractions are removed instantly, which improves productivity, while companies can save money by downsizing the office space they require.

Just how popular, though, is remote working? This Powwownow infographic illustrates that nearly six out of 10 people believe it’s the way forward. Interesting stuff! Check out more stats below…
Remote working
Source: Powwownow Remote Working The Way Forward

Love Your Bank Account this Valentine`s Day

The following is a guest post.

Whether you are planning an extravagant Valentine’s Day, or giving that special someone something simple and from the heart, don’t forget to consider something else this February – your bank account.

Although your bank balance isn’t always at the forefront of your mind when it comes to Valentine’s Day treats, paying extra attention to what goes in and what goes out of it could make you and your bank account happier.

But don’t think you have to make any extreme changes. Just getting to know your spending habits more clearly could actually end up saving you a bit of extra money each month.

Following simple tips, such as keeping a money diary or using helpful online tools such as the moneysupermarket mortgage calculator, can all add up to making your bank balance healthier.

Make Better Money Decisions

Start by getting to know your account and your income and outgoings. Do you need everything you pay out for or is that old magazine subscription not even one you read anymore?

Keeping a daily or weekly spending diary might flag up items that you could definitely do without. Could you try bringing sandwiches in from home for lunch instead of using the pricey sandwich shop, or even foregoing your fourth daily latte?

Consider taking out a set amount of cash weekly and not using your debit card. Seeing the money physically leave your wallet will make you reconsider frivolous purchases. And of course, if you have anything left at the end of the week, why not pop it into a moneybox!

If you are juggling debts, look at ways of getting your interest payments down, such as moving balances to a 0% interest credit card or finding a lower interest loan. Online comparison sites can give you a clear idea of the latest deals and which cards offer low interest or useful features.

You can find a range of tools online that can help you work out your finances, especially if you are considering a loan or applying for a mortgage and want to have a clearer idea of your potential monthly repayments.

Save Money at Home

For many people, the bulk of their outgoings go on rent, utilities and food shopping, but even the smallest of changes can offer you ways to save money. When it comes to the electricity bills, little things such as shutting doors, turning off the lights when you leave a room and not leaving equipment on standby can all help you save you money.

Consider changing utility providers to a company offering more competitive rates. You could change the way you make your payments, as paying by direct debit each month can very often get you further discounts.

Find out if it would be cheaper to make use of the free minutes on your mobile-phone contract rather than having a home phone line. All of these simple tasks add up to extra money in your account each month and a happier you!

Thinking of a New Credit Card?

The following is a guest post.

If you’re like me, you become pretty disappointed in what your current credit card is offering.  Banks have a secret they don’t tell you, but you could probably guess – they offer their new customers much better deals than their existing customers.  And slowly, over time, as you become an existing customer, the benefits and perks that you first got have been slowly pulled away…leaving you with a poor rewarding, higher interest rate credit card that when you originally signed up. 

Now is the time to look for the best credit cards and see if you can get something better than you current card. 

Where To Start

If you’re thinking about getting a new credit card, you should think about what you need and want.  Ask yourself:

  • Do I Need To Transfer A Balance?
  • What Type Of Rewards Do I Want?

Once you have an idea of what you want, you can begin to look at your options. 

Your Options

There are a lot of credit cards out there, but the best ones all have one thing in common – great rewards, great rates, low costs.  Keep that in mind as you look at your options.

If you need to transfer a balance, there are a lot of credit cards that offer 0% balance transfer APRs for a limited time, usually one year.  This can be a great option if you have a balance you want to move.  Furthermore, unlike some card, the best credit cards don’t charge a fee for balance transfers. 

If you are looking for a rewards card, think about what type of rewards you will value.  Do you like to travel?  Then maybe a travel rewards card that offer mileage or hotel stays would be best.  Do you like to get free stuff?  You may want a points card.  If you can’t decide, maybe cash back is best for you.  Either way, make sure that you are getting the best rewards possible. 

Finally, with any card, make sure that you are not paying an annual fee.  None of the best cards charge one, so don’t pay one.

Advantages Of Overseas Property Investing

The following is a guest post.

There are a lot of investors trying to broaden their investment portfolios by buying real estate in overseas countries.

Lower Costs For Building

The property investments overseas can be a whole lot more affordable than buying real estate in the United States. The housing bubble here drove price up to incredibly high levels. Commercial and residential property in the United States has gotten cheaper in recent years but it is still a lot more costly than developing properties in many countries. You could buy up lots of properties in many foreign countries for less than half of the costs of building here. There are more regulations to comply with domestically that make real estate investing a more laborious process.

Better Growth Opportunities

The United States market for real estate is heavily saturated. There are too many homes in this country and not enough homebuyers. The real estate market remains in the dumps in the United States. The growth rates in many foreign countries are greater than they are here. Some countries are still developing their infrastructure making them attractive areas to invest. The unemployment rate is a lot lower and workers are looking for lodging as the nations become more industrialized. Investors in foreign properties can get in early and make a nice amount of income for themselves.

More Potential Lenders

Lenders in the United States are not looking to make loans for real estate properties. They know that there are too many homes as it is in this economy. Lenders are still willing to loan money out to help build the best overseas investment properties. You are not limited to the lenders in the United States either. You can seek financing from banks in North America, Europe, and other continents. This gives you the best opportunity to get a loan at a really discounted rate. You can negotiate with one lender against another. Lenders are still attracted to the growth rates that overseas investments offer and are willing to make these loans.

All of the reasons above are why overseas property investing is still a hit with those looking to maximize their return on investment.

Are you on Santa’s nice or naughty financial list?

The following is a guest post.

He knows when you’ve been sleeping, he knows when you’re awake and he even knows when you make poor financial choices. With Christmas coming, it is time to take stock of your financial situation.

Santa Claus might have hundreds of elves working round-the-clock to make toys and gifts, but you are not awarded that same luxury. Instead, you find yourself piling up gifts on your credit card.  By the time the holidays pass, everything from your savings accounts to your credit cards is a black hole. Though you might think you cannot escape, you can make sure that it never happens again.

A Christmas account is a savings account also known as a Christmas club account. Every time you deposit a paycheck into your bank account, a small percentage goes into a separate account.  This type of account is especially helpful for procrastinators that typically wait until the last minute. The money continues growing and earns interest, giving you a nice sum for spending during the holidays.

Even if Christmas is right around the corner, you can still remove yourself from Santa’s naughty list. The trick is to keep an eye on your finances and only spend what you can afford.

Make a list of those that you typically give gifts to, including yearly tips to the mailman, newspaper boy and other delivery workers. Add any charitable donations you typically make.  Charitable donations come with the advantage of reducing any taxes owed. If you cannot afford a donation this year, avoid making a donation.

When it comes to gifts, look for people that you can remove from the list. You can also give out smaller gifts or create your own gifts.  Making brownies and other baked goods or creating your own jellies keeps your savings accounts in good standing. You still have a gift for everyone on your list, but spend less money in the process.

You might also make Santa’s naughty list by poor choices throughout the year. Christmas is the perfect time to go through your finances and get the next year off to a good start.  Take stock of what you have, including the amount in your savings accounts and checking account. Gather all of your bills and add up how much you owe to all creditors.  Write out the maximum amount you can afford to send to each creditor and how long it will take to pay back the loans. Go over your finances, looking for ways to reduce spending and increase the amount you send.

It is important that you take stock at least once a year. You might find it helpful to go over your finances every few months, as your spending habits change.  The more money you save early in the year, the more money you have for Christmas. You also find yourself in good financial standing and Santa takes you off his naughty list.

Not everyone has the same financial situation, even those that make the same income. Only you can preserve your financial future by making the right decisions today.

Finding The Best Mortgage Rates

The following is a guest post.

There are some critical factors that every home buyer needs to know when trying to find the best interest rate on a property.

Take The Time To Go Loan Shopping

It always pays to do your due diligence when in the market for a mortgage. You need to be willing to take the time to check and see what mortgage options are available to you based on your credit score. You should take a few weeks to shop your loan interest rate with different lenders. It is a good idea to start with a credit union or local bank since they often have the best deals. You can also check with mortgage brokers and secondary lenders to make sure that you are receiving the best rate you can get. You do not want to find out that you could have gotten a lower rate after you have already closed the deal.

Use A Mortgage Calculator

One of the best free resources that is available to you is an E-Mortgage Calculator. Mortgage calculators will let you crunch all of the numbers so you can find a loan payment that you can afford. You can put in different loan amounts, interest rates, and repayment amounts to find out just how long it will take you to get rid of your mortgage loan. This will also help you settle on the best loan for you. Websites have loan calculators that will even provide you with a free mortgage quote once you find the best terms. They will even put you in touch with a lender who can make the loan for you.

Get Your Credit Score As High As Possible

Before you go loan shopping, take the time to do everything possible to increase your credit score. Your loan’s interest rate will be heavily affected by your credit score. If you have a really high credit score then you should expect an incredibly low interest rate. You will have lenders begging for your business and offering you deals that will save you money over time. It pays to get your credit score in the best possible shape that it can be in.

This post was provided by Emortgage Calculator.

How and where to find a good debt management plan

The following is a guest post.

More and more people in the UK are taking out a debt management plan. Contrary to popular belief, this is not necessarily a sign of an impending crisis, but an entirely sensible approach to reducing debt. After all, re-organising your finances as part of a debt management plan means that you are serious about meeting your obligations and interested in a solution that will benefit both sides – you and your creditors. With the increased demand in these services, debt management companies have accordingly proliferated across the UK. But how to find a debt management plan that suits your particular needs?

The first step towards a workable debt management plan should always consist in drafting one yourself. After all, debt management, in its most basic premise, simply means looking for practical ways of improving your financial situation and discovering possibilities to save costs, reduce your outgoings and increase your incomings. Finding new sources of income may prove difficult, even though, for example as a freelancer, you may sometimes be able to shed badly paying jobs in favour of more profitable ones. Slashing costs, however, is almost always possible: Do you really need a car to get to work or isn’t public transport or the bike feasible as well? Are there some magazine subscriptions you can cancel? Couldn’t you do some home cooking rather than eating out two to three times a week? There are usually plenty of similar alternatives available.

After you’ve established your personal debt management plan, take some time to browse the web for suggestions. Over the past few years, a wealth of information has become freely available online. Not all of it is equally commendable, but there are plenty of sources offering you insight on a variety of topics directly or indirectly related to establishing a debt management plan. In general, we strongly recommend you stay up to date on financial topics and watch current developments relating to debt in the UK at least from time to time – in some cases; this may prevent you from missing out on a great chance to drive down your debt.

Generally speaking, however, a debt management plan is best set up especially for you by a professional company. The main reason is that for a debt management plan to truly be effective, it will have to tackle the relationship with your creditors and involve debt consolidation. If, for example, you are struggling to meet your monthly obligations, a debt management plan can consolidate your different loans into a single new one, usually with a notably lower monthly rate. You will also no longer need to waste your time with talking to your creditors or their representatives any more, as this will be handled by the debt management company.

Obviously, everything in this scenario hinges on the quality of the debt management company involved. With literally thousands to choose from, the process of arriving at a satisfying decision may seem prohibitively hard. And yet, in the UK, there is a fairly easy way of telling a good debt management company from a potentially risky one: Those who are members of DEMSA have pledged to uphold ethical standards in the business and are safe choices for anyone looking for a professional debt management plan. These companies will provide you with a monthly statement showing you who has been paid; distribute money on a pro-rata basis between your creditors, ensuring that each creditor is being paid fairly. And there’ll be a personal account manager providing one to one contact and ongoing support.