There is a new investment vehicle in town that is turning out to be very fast to learn and promised to give very high returns. But as usual, it has its own risks since you might end up losing your money when trading just like in any other financial market. I am talking about binary options trading; which is catching up with many millennials as a very easy way to earn an extra income without much ado. However, before you burn your fingers in this new lucrative source of passive income, you first need to learn how to trade binary options from the experts.
Investing made simple. Where should you invest? Information on stocks, mutual funds, index funds, retirement accounts and more. Also be sure to check out our complete guide to investing.
The stock market has had a tough start to the year 2016. In January the S&P500 closed down almost 6% at month end, while the MSCI World Stock Index closed around 9% lower in the first month of the year. This horrendous start to the year for stocks was caused by a fear of an economic slow down in China, sluggish global economic growth, a steep drop in oil prices and uncertainty of the timing of future interest rate hikes by the Federal Reserve.
Traders search for different ways to earn in the Forex binary options market. One of the easiest, most popular and profitable short-termed strategy is 60 second strategy.
Retirement is always an interesting topic.
It may be so far in the future that you haven’t really thought about it, it could be closer than you care to admit, or you could technically be retired right now.
It doesn’t matter how old or young you are. The fact is, you need to start thinking about retirement now. Today.
You need to know your options. So I’m going to explain what they are and what to do.
Here’s what you need to know about retirement and planning for it…
In 2014, it was estimated that the daily volume of foreign exchange trading stood at an impressive $5.3 trillion. This has increased further since, especially as the global economy has continued its recovery and driven greater interest in the financial marketplace.
Currency trading is an extremely difficult exercise, however, and one that is fraught with numerous challenges. Without a clear understanding or comprehension of the marketplace and the underlying laws that govern change, it is almost impossible to profit and easy to incur losses.
Perspective is a curious thing. Did you know that today’s average smartphone has more computing power than the entire NASA program which successfully landed men on the moon, back in 1969? Of course, it wasn’t much of the computing but instead all the brilliant minds at work, but still. Perspective allows us to appreciate things we wouldn’t otherwise.
We make this analogy because it’s that much impressive how technology has evolved over the past few decades, and today it is a tool at the service of the global community, rather than just for selected governments and multi-million dollar companies, as it was in the wake of the 20th century. The market is constantly evolving and technology can help us to not only keep track of it but also to benefit from all these changes.
The foreign currency markets are incredibly volatile, and this means that there is a lot of opportunity for savvy traders to make a profit. However, there are also plenty of opportunities to make a significant loss too. If you want to learn forex trading, then you must understand that even the best traders can and do lose money, so you must only trade with money that you can afford to lose, and you should keep some money in reserve to allow you to trade for a few days even if you are on a losing streak.
At the moment, CFD trading is gaining popularity in some countries as it is less risky endeavor. But if you keep in mind that there are two approaches to forex trading and stay disciplined, you can make a profit. These two approaches are technical analysis and fundamental analysis. The best way to learn forex trading is to look at both of these separately, and then integrate them into a sound, logical and reasonable approach to trading.
Foreign exchange trading or Forex can be a tricky business, those who are successful use numerous resources to help them decide what to trade and when. So what lesser-known resources can you call upon in order to improve your chances of making money trading on the biggest and most fluid market in the world?