Featured

Various Indicators in Binary Options Trading

Nowadays, binary options platforms have become internet based and they do not rely on conventional indicators contained in foreign exchange platforms. However, it is quite possible to use the same set of indicators used in foreign exchange platforms in order to analyze trades and use them in binary options markets as well. In addition to these indicators, traders can also use custom-made indicators specifically for evaluating MT4 charts and receiving signals to use the same for the binary options market. In binary options there are several default indicators including RSI, Stoch Oscillator and MACD indicator commonly found on the MT4 platform. These indicators have received many uses and function in different ways. If you are adapting these indicators for asset valuation, then it is very important to consider the type of trade in which the trader is satisfying. Below are some of the most common indicators along with the different types of trade for which they can be used. .
bitcoin prices
a) Bollinger Bands: These are commonly used indicators that work on a wide range of binary options when combined with an oversold or sell indicator.

b) Stochastics Oscillation: These indicators can be used when a surplus indicator bought or sold is combined with the Bollinger band for a wide range of options. Ideally used when assets included in limited limits.
cryptocurrency prices
c) RSI: RSI or Force Relationship Index reveals the strength of a particular trend and is thus ideal for trading in Touch or Untouchables.

d) Parabolic SAR – If you want to detect inversions in the market, then this is an ideal indicator for you. This indicator helps receive signals quite late and so you should combine it with other indicators, including reversible candlesticks or ADX.

e) Pivot calculator Although it is simply a personalized indicator, it is widely used with various other default indicators to detect signals for the range of options, including Touch / No Touch & Call or Put options.

f) MACD: This is an excellent indicator to detect price divergence. To make this indicator more effective, you should use it together with the Call or Put options along with the long expiration time.

These are some of the most common binary options indicators used. It is up to the investor to evaluate the use of these indicators and test them in order to ensure the best mix.

Featured

Seven Cures for a Lean Purse

1. Make your purse – or wallet – thicker.

This does not mean filling it with invoices for all the items you have purchased with your credit card. That is, fill your purse with money. And the best way to do that is to spend less than you earn. This cure stems from the first gold law we saw last week: aim to save 10% of your income.
trivago flights
Minimum Save more than that if you can. Save for the long term, for your mortgage deposit or pension, depending on where you live. If you need to save for short- and medium-term things, such as vacations or cars, they should be separate and separate from the 10% + you save for your long-term needs.
spirit airlines
Your 10% may include your pension contributions, ISA, premium bonds or any type of high interest / limited access savings account. With compound interest, your bag will become very thick over the coming months and years, even if interest rates remain low.
southwest airline
2. Control your spending.

If you are going to save at least 10% of your income in the long run, you need to make sure that your current expenses are not more than 90% of your income. This means that wherever you are in the income scale, you will need to apply self-discipline when it comes to treating yourself and your loved ones.
delta air
To begin with, keep your credit cards for emergency use only and if you use them, pay them off before you start collecting interest. Similarly, avoid taking out loans unless you can justify the interest you will end up paying for that privilege. A car purchased on one of the popular rental schemes can be justified if it is essential to your work or business. But a loan for a vacation? Staying would be a better choice.
continental airlines flights
Learn to distinguish between wants and needs. A roof over your head and food on the table are necessities; a month in the Maldives is a wish. Treat yourself to this when you have saved 10% of your income for a year or two and have the opportunity to fly to paradise without immersing yourself in those savings.
frontier air
The secret to controlling your spending is to create a budget and then stick to it. If you have Microsoft Excel you can download a template to help you track your expenses over the course of a week or month. You can also find ready-made models online or applications for your phone. Work as much as you spend on mortgages, rent, business trips, etc. And set boundaries for items such as dining out, entertainment, travel, etc. This will help you keep below 90% of your income.
trivago flight
3. Make your money multiply.

You are looking for consistent returns for a lottery win, not long-term. What you need is a steady increase in your capital, your core assets, such as interest from an ISA or savings account, or – more risky – dividends on shares you hold in well-managed companies, including your employer. , if they have an employee stock ownership scheme. If you are not an expert in financial products and investment vehicles, find someone who is. Do not make any commitments until you talk to a professional financial advisor. Explain what your investment goals are and ask them to help you create a plan to achieve them.
allegiant air
4. Save yourself from losing.

The ill nightmare of seeing your wealth dreams turn to dust as Bitcoin falls or the blocks you met in the pub the next night disappear with your life savings. One way to protect yourself from loss is to make an unbreakable rule not to touch that essential wealth that you are saving and investing for a long time. Keep a steel ring around this! If you are tempted to try your luck with Bitcoin or currency trading, use only money that you can afford to lose. That means any money you have left after saving your 10%, paying your bills and filling your stomach.
trivago
Money you might otherwise spend overnight outside can be delivered to books online, if you can afford it – see the second recovery above. Never use a credit card or loan for spread betting, gambling or any high risk investment. Before engaging in any high-risk investment or bet, make sure you have thoroughly researched the field and understand what you are getting into. If online poker is your dream, first practice with your friends on match sticks.

Make your home a profitable investment.

Owning your own home (and ideally buying some to leave property) has become an obsession over the last thirty or forty years. Given how property prices have risen during that time, it makes perfect sense to climb property rates as fast as you can, especially when house prices are rising at a much faster rate than income.

However, beware that at some point the bubbles may burst. Yes, people have said it for years and it has not happened yet. But it is becoming increasingly possible for authorities to take steps to let some air out of the property market. Possible measures include revaluation of property tax gangs and punitive taxes on purchase to leave properties and properties left vacant. A large increase in housing construction is unlikely to have much of an impact on house prices per se, but when combined with possible tax changes, we can see that prices reach a plateau and stay there for some time.

With all of this in mind, the best way is to find an affordable home or apartment in an area where you would like to live for the foreseeable future, given things like local amenities, schools and the trip to work. Also think about the benefits of paying off a mortgage and gradually taking over the total ownership (rent and vacant property issues aside) of your home over 25 or 30 years, compared to being a landlord who can increase your rent or evict you. at the announcement of a month and who will still have the roof over your head despite all the 000 you put in his or her pocket.

If you do not have the opportunity to fully purchase in the area where you want to live or work, consider opportunities such as joint ownership and self-construction. See what schemes are available in the area where you want to live.

If you already have your own home, you can use it to generate extra income by getting a flat. If you live in a big city, a good source of housing are contractors – professional people working on a local project for you who need a place to stay for a few months and do not want to use hotels.

Often they will go home for the weekend, so you have the place for yourself. Another option is to get students in exchange. They will usually come in within a week or two. You provide them with a bed, breakfast, a packed lunch and an evening meal and get paid for it. Another option is to use your vacation home while you are on vacation yourself. This works especially well if you live in a big city or a historic city.

Even if you rent, rent an apartment (if your landlord will allow it) or run a home-based business (see below). You can still make your home an extra source of income, even if you do not own it.

Two other things to consider. First, home and content security. Make sure you have adequate coverage for the worst that can happen: fire, flood, theft. Second, if you have a mortgage, look into securing it from unemployment and illness. Get advice and make sure the policies you take are appropriate for the purpose and will pay off if the worst happens.

6. Develop income in the future.

Who would not want to wake up in the morning knowing that no matter what happens, they are guaranteed a steady income for eternity? Well, you can achieve this through your long-term savings, that 10% + you set from month to month, year after year.

When talking to your financial advisor (properly!) About your savings and investment goals, the first two issues you should focus on are a pension for you (and your partner, if you have one) and your family insurance when you I am no longer there, i.e. life insurance. Your financial advisor should also tell you about other investments that may provide additional income for you and your family, such as ISAs, unit trusts, and government bonds.

Your goal is to provide a decent income for a long old age. Remember, people are living longer, but not always healthier. It’s not fun, I know, but think about the worst that can happen to you (a bit of an early death). You or your partner become chronically ill or disabled and need long-term care. How will you finance it? If you sell your home, what will you leave to your children? This is the type of issue you should discuss with a financial advisor. You need a pension, plus other income streams, that will pay for all your needs for maybe thirty or forty years after you quit your job. Develop a plan, implement it, then continue to enjoy life.

7. Increase your ability to win.

There is no such thing as work for life anymore. These days, even professions such as lawyer, accountant and insurance insurer are threatened with automation and dismissal. So it makes sense to develop additional skills that you can use if you find yourself out of work.

If you think you are in danger of being replaced by a robot, you need to look very carefully at the “protection from the future” of your career. Think of jobs that are unlikely to be automated or laid off in the future. They tend to be those that involve face-to-face contacts e.g. supplemental therapy, nail technician hair stylist, personal trainer, life trainer, counselor. Also, jobs where a local presence is essential: electrician, plumber, locksmith, builder.

Of course, many of these jobs are relatively well paid and are in highly competitive sectors. That means you have to find a unique selling point: something you do that no one else does, or no one else does as well as you. Focus on something that you are really interested in – or better yet, passionate about – and that you know you can be great at. Be realistic about the potential revenue, competition, and time and energy needed to make it work. If you do not already have experience in your chosen field, you will need to spend a lot of time, and possibly money, to get the necessary skills and certifications. You will also need to decide how you will operate: sole trader, limited company, franchise? Get tips before you commit to anything.

A popular option for generating extra revenue is selling online. Even if you are in full-time job and satisfied with your income, you can try it in your spare time and get an opinion on what is involved. A regular channel will reveal all sorts of things you can sell: clothes, DVDs, cell phones, unwanted gifts. If you like selling online, you can develop a successful business without compromising your core capital.

Guide To Successfully Trade In The Major Cryptocurrencies

The cryptocurrency trade has taken the world by storm and this is what has become the norm for most traders and investors. If you are eager enough to do your research before you go into trading, you have a chance to enjoy real growth and profits after all. The worst thing you can do when it comes to this type of trading is to go blindly into it simply because it is what everyone else is doing. A little research on major currencies and getting into the basics of buying and trading can make a big difference. Below are some tips that will shake you towards success with your trade.

Take the time to understand how the blockchain works

Blockchain technology has redefined transactions and is changing everything. Blockchain can be defined as a list of data that is constantly growing in secured and linked blocks using cryptography. Blockchains are resistant to data modification and serve as a book of public transactions between the parties. The transparent and decentralized nature of the blockchain makes it very secure and in the world of piracy it is really functional and reliable. Solve the manipulation problems that have become so apparent in the world today. While no single person can claim to understand everything that is blockchain, learning some basics will give you a much easier time with your trading.

Know and learn the major currencies

The virtual currency space is becoming crowded thanks to the popularity of currencies. The fact is that today there are more than 100 cryptocurrencies, which means that you need to know which are the best and most popular, so you can choose your buying and selling properly, given the benefit. Bitcoin accounts for half of the entire market with the highest volume, but Litecoin and Ethereum are also high and give Bitcoin a leap. Find out as much as possible about the currency you are interested in. The more you know the better off you will be in making decisions; you can actually trade more than one cryptocurrency without any challenge.

Consider the inherent risks

Bitcoin and other currencies are quite volatile even when comparing stock exchanges and gold. Remember that this is still a technology in its early days and faces many challenges. The chances of winning are quite high, but so are the risks. Public feelings about a currency can actually affect its prices. What goes will definitely go down so be careful with the trading moves you make. The higher the risks, the higher the rewards can be, but also be prepared for losses. The best you can do with any cryptocurrency you choose is to keep an eye on events that may affect pricing and act quickly.

Once you know everything that matters in cryptocurrency trading, then you can go ahead and open a brokerage account and finance it, then you can start buying and selling currencies. Rewards are plentiful for eager traders.

Crypto TREND – Second Edition

In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered some questions about this new market space. There is a lot of NEWS in this market every day. Here are some of the highlights that give us a glimpse of how new and exciting this space is in the market:

The largest futures exchange in the world to create a futures contract for Bitcoin

Terry Duffy, president of the Chicago Mercantile Exchange (CME) said “I think sometime in the second week of December you will see [bitcoin futures] listing contracts. Today you can not cut bitcoin, so there is only one way that can go. You either buy it or sell it to someone else. “So you create a two-way market, I think it’s always much more efficient.”

CME aims to launch the future of Bitcoin by the end of the year pending regulatory review. If successful, it will give investors a practical way to go “long” or “short” in Bitcoin. Some Exchange Trader Fund sellers have also filed applications for Bitcoin ETFs that pursue the future of bitcoin.

These developments have the potential to allow people to invest in cryptocurrency space without fully owning CC, or using the services of a CC exchange. The future of Bitcoin could make digital wealth more profitable by allowing users and brokers to hedge their foreign exchange risks. This may increase the adoption of cryptocurrency by traders who want to accept bitcoin payments but are wary of its volatile value. Institutional investors are also accustomed to trading regulated futures, which are not plagued by money laundering concerns.

The CME move also suggests that bitcoin has become too large to be ignored, as the exchange seemed to rule out the future of crypto in the recent past. Bitcoin is just for anyone talking to brokers and trading firms, which have suffered amid growing but extremely quiet markets. If futures on an exchange were to rise, it would be nearly impossible for any other exchange, such as the CME, to capture, as scale and liquidity are important in fuel markets.

“You can not ignore the fact that this is becoming more and more a story that will not go away,” Duffy said in an interview with CNBC. There are “ordinary companies” that want access to bitcoin and there is “huge closed demand” from customers, he said. Duffy also thinks that bringing institutional traders to market can make Bitcoin less volatile.

Japanese village to use cryptocurrency to raise capital for municipal revitalization

The Japanese village of Nishiawakura is exploring the idea of ​​holding an Initial Coin Offer (ICO) to raise capital for municipal revitalization. This is a very new approach, and they may require national government support or private investment. Some ICOs have had serious problems and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or hoax. Bitcoin was certainly not a joke.

FINANCIAL OFFER Currency – (ICO)

We did not mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an Initial Public Offering (IPO), where a company has a current product or service for sale and wants you to buy shares in their company, an ICO can be held by anyone who wants to start a new Blockchain project with the purpose of creating a new token in their chain. ICOs are unregulated and some have been total scams. A legitimate ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high symbol price near the start and then dive back into reality immediately after. Because an ICO is relatively easy to maintain if you know the technology and have some money, there have been many, and today we have about 800 arguments in play. All of these tokens have a name, they are all cryptocurrencies and except for the very popular tokens, like Bitcoin, Ethereum and Litecoin, they are called alt coins. At this time Crypto Trend does not recommend participating in an ICO, as the risks are extremely high.

As we said in number 1, this market is the “wild west” right now, and we are recommending caution. Some early investors and adopters have made huge profits in this market space; however, there are many who have lost a lot, or all. Governments are considering regulations, as they want to know about every transaction in order to tax them all. They all owe a lot and are busy for money.

So far, the cryptocurrency market has avoided many financial problems and financial pitfalls of government and conventional banks, and Blockchain technology has the potential to solve many other problems.

A great feature of Bitcoin is that the creators chose a limited number of coins that can ever be generated – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they want and inflate their currency to death.

Future articles will be included in specific recommendations, however, make no mistake, early investment in this sector will only be for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay tuned!

Retirement Serenity Prayer

“Please give me the peace to accept the things I can not change; the courage to change the things I can; and the wisdom to recognize the changeReinhold Niebuhr

Reduce your pain and confusion

When you think about all the moving parts involved in planning your retirement income, it is easy to get overwhelmed by the complexity of everything. Complexity and confusion cause emotional pain, and we are pain avoidance creatures. It is therefore tempting to just mentally keep the whole question of “how much should I retire?” and turning to those activities that bring pleasure. Unfortunately, like it or not, retirement income planning is a “must do” task. Securing a few decades of retirement income is not something that “just happens”. You either have to do it yourself or hire a financial trainer to help you.

Calmness to accept things you can not change

A good place to start planning your retirement income is to know those things over which you have some control and can change, and knowing those things that you can neither control nor change. You cannot control or change the global stock market, inflation, bank interest rates, rising health care costs, or the cost of gasoline. So accept their existence and how they affect your plans, overcome it and tackle the ones you can control.

The courage to change the things you can

Two very significant things you can check are the tax efficiency of your investment holdings and your investment costs.

You Can Check Tax Efficiency

Bonds, bond funds, Real Estate Investment Trusts (REITS), high dividend stocks, and mutual fund dividend stocks all generate ordinary taxable income. If you do not need income, it makes no sense to pay income taxes on income you do not need. Wherever possible, place your regular investments that generate income without tax or tax arrears such as Roth IRA tax-free or annual deferred tax, 401k’s, 403b or fixed or variable pensions. That way, you do not have to pay taxes on ordinary income that you do not need. Not only will this reduce your current tax burden, but you will also save money on the money you are now sending to federal and state tax authorities. Tax deferral is a very powerful incentive for long-term savings and also removes tax pressure from your Social Security income.

You can control your investment costs

Mutually administered equity funds charge you fees that can consume up to 6% or more of your total fund balance each year! Not so, you say, the annual expense payment is much less than that. Well, all the purchases and sales made from these funds (turnover) bring trading costs which are deducted from your account. There are clear and implicit trade costs. Clear trading costs are simply what you pay people who do the trade (spread), implicit costs are what trades do to the stock price of what is bought and sold in large blocks (supply and demand). These trading costs can double or even triple your annual expense report, especially in small cap and international funds, and the amount of money you are charged is not given anywhere in your monthly or annual statements!

Investigate how much you are actually paying for your mutual stock funds. Either do the research yourself or ask your broker for a complete check of all the investment costs you are paying. Saving 4% or more of your total mutual fund account expenses is a big boost to your retirement income plans … and something you can control.

Emotional Financial Trading

Many traders lose their funds in the markets every day because they are unable to control their emotions. Many experts have done a lot of research on the psychology of trading and everyone agrees on one thing, Traders should have a trading method and a systematic strategy that enables them to use only logic and rationality when trading and not let the emotions of its to logically change those based trading activities.

-Fear of losing funds: I had three Forex traders a beginner, a broker and a trading expert for 2 months with the same capital and leverage in a demo account again for 2 months with a direct account (same capital, platform and trade conditions) and the results were shocking. The expert had an additional 2% return on demo account while the other 2 traders had over 88% more return on demo accounts and it was all explained by a fear factor. Fear when trading in financial markets often leads to panic and panic leads to closing positions at the wrong time and at the wrong price resulting in huge unexpected losses. The moment a person decides to enter the financial markets and become a trader, he willingly accepts the risks in exchange for big profits. To live with that risk requires the trader to remain rational and fearless at all times.

– Emotional connection: financial markets are a wild battlefield and what grows today goes down tomorrow. This is why traders need to use logic to decide when to leave a particular instrument. Many traders have suffered huge losses due to emotional feelings associated with certain stocks, currencies or futures because it made them big returns and prosperous profits. A successful trader knows exactly when it is time to move forward, then it is time to move forward, true loyalty in the markets is for profits and not the instruments that made them.

-Hope: we always hear stories of successful traders who opened a losing position but still their hope of raising instruments has obscured their judgment resulting in losses and some may even go so far as to buy more of this instrument to make more returns from it. Greed is good when it works as a motivator for self-improvement, however greed is bad when the logical judgment of the trader is disturbed. A successful financial trader must always be reasonable.

Financial trading is a goldmine filled with all sorts of stressful and emotional consuming traps, so being a trader requires great emotional control to enjoy the returns of trade success.

Why to Trade in Binary Options? Top 6 Reasons

Making money online is hard. No one can show even a single business that operates without risks. Quality of life is improving, but at the expense of higher costs. On the contrary, income opportunities remain narrow. People are looking for quick methods to make money. While some experts say there is no such thing as fast money, some people still manage to make money faster than others. What is their secret? Some people have tremendous talents that they use to reach the tops of the money chain. For others, the journey seems to never end. However, there is a way out. There is a method that will allow you to make money fast but that involves risk.

Binary options trading is an area that anyone with a minimal risk appetite can explore to earn that extra cash flow that will allow them to fulfill their dreams. Compared to Forex Trading, Commodity Trading, Stock Trading, etc., Binary Options is new. This form of online trading was introduced to the general public in 2008 but today, it is a multi-trillion dollar industry where thousands of traders make more money in a single day compared to what people with a day job would do. in a month!

Yes, there are risks and the biggest threat is that of losing money. Improper trades can lead to catastrophic losses, but such losses can be minimized with proper training and knowledge. Understanding the market is extremely challenging and no one in this world can say with confidence that he or she knows the market from the inside! But those equipped with analytical knowledge and skills can minimize the risks. This article here will not cover any form of training but will show you the top 6 reasons why you should trade in binary options.

6 reasons to trade binary options

  1. Calculated risks: Unlike Forex, commodity or stock trading, Binary Options trading allows traders to work with the default risk-reward ratio. Even before a trader opens a trade, he or she will know how much money he will make in the event of a winning trade or how much he will lose in the event of a losing trade. Specific trading tools are available where traders can determine the amount of risk they want to take. In other words, they can share the loss percentage in case they lose their trade. If they actually lose, the options broker will only deduct the default loss from the actual trade amounts and return the remaining amounts to the traders. This is not available with any other form of trading.
  2. Faster trading: Only in Binary Options can a trader trade in a time frame of up to 30 seconds. There are only a handful of brokers such as Banc de Swiss that allow 30 seconds of trading. Other brokers will offer a minimum trading time of 60 seconds. 60 seconds still remains the fastest trading when compared to Forex trading, commodities or stocks.
  3. 24/7 Trading Opportunity: Traders can trade in the Binary Options market for 24 hours a day, 7 days a week. So people with day jobs can actually trade at night or on weekends. This flexibility is not available with other forms of trading.
  4. There are no Buys or Sales Included: Unlike other forms of trading, traders do not need to buy or sell anything. Traders simply need to think about the direction in which the price of an underlying asset will move. If the predictions turn out to be correct, traders win or lose.
  5. Initial deposit very small: Unlike other forms of trading, Binary Options trading requires very little initial deposit. Some brokers will allow traders to start trading for only $ 100. The standard however is $ 250, which is still very low compared to Forex, commodity or stock trading.
  6. Trade from Anywhere in the World: All options brokers in the market offer the latest online trading platforms that can be accessed from anywhere in the world. Merchants will only need a desktop or laptop with an active internet connection to access their online account and they can trade from wherever they want. Better yet, many brokers have introduced mobile trading platforms so that traders can trade using their smartphones and tablets even when they are traveling.

But remember, trading in Binary Options can be a risky issue and you can lose your money. So it is always essential that you learn how to trade.

Beginners’ Guide to Own Bitcoin Cryptocurrency

Bitcoin cryptocurrency is buzzing all over the world, whether you are online or any media. It’s one of the most exciting and insane things that has ever happened in recent years. Most importantly, you can earn a great return from trading bitcoins or you can keep it for a long time.

You may be hearing about Stocks, Commodities, Forex and now a new currency called Bitcoin trading that greatly affects our lives. In this introductory guide to Bitcoin cryptocurrency, you will be introduced to the Bitcoin ABC.

About Bitcoin cryptocurrency

The emergence of Bitcoin is not yet known, but an article was published in October 2008 under the pseudonym Satoshi Nakamoto held by Japan. His identity is still unknown and he is believed to have approximately one million bitcoins valued at more than $ 6 billion by September 2017.

Bitcoin is a digital currency popularly known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a beginner, Bitcoin technology can confuse you and make it a little difficult to know about it. However, I will help you dig it deeper and how you can even make your first Bitcoin trading easily.

Bitcoin Cryptocurrency works on blockchain technology which is a public digital book and is shared by anyone in the world. You will find your transactions here whenever you do any trading with Bitcoin and anyone can use the general ledger to verify it. The transaction made will be completely transparent and verified by blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are a great technology that only works online.

Key terms related to Bitcoin cryptocurrency

Before you are ready to own your first Bitcoin, it is best to know the key terms related to bitcoin. It is also referred to as BTC which is a portion of bitcoin and 1 bitcoin equals 1 million bits. With the advent of bitcoins, several other alternative cryptocurrencies also evolved. They are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.

XBT and BTC are the same thing and are usually abbreviated to bitcoin. Mining is another widely used term and is actually a process made by computer hardware for Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, accept and store bitcoin. You can send it to your friends, ask for it from a friend and save it in your digital wallet. You can even top up your mobile / DTH directly by paying via bitcoin.

The transaction cost is low compared to PayPal, credit cards and other online brokers. Moreover, it also protects your privacy which may come out online while using credit cards. Extremely it is extremely safe and no one can seize or steal coins. Due to its transparency in the system, it is also not possible to manipulate due to the common public book. You can verify the transaction from anywhere and anytime.

Demand is likely to increase as total bitcoin production will be limited to just 21 million. Japan has already legalized it and other countries may follow it soon and the price may rise further.

I will treat Bitcoins in more detail in the coming days where you will learn great bitcoin trading stuff. You can comment on your views and ask for anything related to bitcoin.

If you found this beginner’s guide to Bitcoin Cryptocurrency useful, then share and like it on social media.

The Effects Of The Financial Crisis

The financial crisis is an ugly situation that no reasonable person would want to experience because it comes with very drastic results that can lower wealth and standard of living. Unfortunately, recession is sometimes inevitable. The inevitable cases come as a result of bad government policies, unemployment and unfavorable economic conditions. The good news is that human beings can find solutions to every problem they face, so when there is hyperinflation, it is still very possible to survive.

In the past, major countries in the world have witnessed several economic recessions. Their decline also affects other countries, especially those that depend on them for the supply of goods and services. Most recently in 2008, America faced a similar situation, although the country is already making efforts to recover from it. If they do not use the correct procedures, it is possible that they may witness recession again. European countries are not exempt from this as countries such as Spain and Portugal are experiencing unfavorable economic situations. Greece is almost unable to pay its debts and Italy’s history is also disappointing. If the right steps are not taken quickly, these problems can get worse. Therefore, the EU and the US government are considering different rescue plans and strategies for reforming their economies.

One of the indicators of recession is hyperinflation. Hyperinflation is a situation where prices of goods and services rise to unreasonable levels. The situation is usually caused by currency devaluation. This happens because the value of the currency depreciates and payers find it more difficult to buy products as they have risen higher in price. In most cases, people doing business are usually better off than payers because they can raise the prices of their goods and services. In fact, they in the middle class face more problems because most of their earnings come from wages and since their wages are not high, they are not able to get what they want during hyperinflation. Another problem the middle class may face is that their savings will depreciate in value by the time they make a withdrawal. Interest rates on deposits are low at this time, so people who have saved in the bank for years will lose a lot of money.

Unfortunately, the economic recession lasts for several years and government strategies to carry out the reform may take years before the results are seen. The government may also face a challenge from the population who may not believe in their policies even when it sounds very good. Some governments still make things worse by pursuing the wrong policies. For example, printing fiat currency in high amounts will worsen the economy because it can cause inflation.

When inflation is caused by a lot of money in the hands of people, printing more notes is just a bad idea. Instead, a better strategy would be to reduce the money in people’s hands by implementing reasonable programs. Moreover, the government can raise interest rates so that people are encouraged to do business which in turn can cause recovery and economic growth.

If the right things are not done in time, people will lose trust in the government. Already, many people are considering gold and silver as an intelligent way to invest because their values ​​are rarely devalued. Instead, their prices rise especially when there is a devaluation of the currency. Silver is also a good choice and is most people’s alternative to gold. People without so much money to invest in gold can invest in silver without any fear of losing their money. Silver is also known for its industrial and technological applications.

When the economic recession is very severe, banks and stock markets do not perform well. At times like this, people can react aggressively and cause anarchy. Survival measures like water collection and staple foods are on the rise and some people even require protective equipment such as weapons to protect themselves in the event of an alarm. In some other cases, people may transfer their reserves to other countries where they think their investment will be safe.

The recession is ugly and is something you would not want to experience. It is necessary to pray that these problems never happen. In addition to prayers, government assistance in implementing appropriate policies is also important.

Stay Broke Not Poor

Stay spoiled! You heard me, I’m broken but not poor. What is the difference? Fracture is a temporary situation. Broken people have money they just misuse it. The poor are getting poorer or do not have enough resources. I got this from Grant Cardone, Millionaire Brochure. It also fits Dave Ramsey’s concept of naming every dollar.

This is about increasing cash flow and building wealth. A broken attitude is a financial strategy to help you achieve financial freedom. What does it really mean to be weak? First, it means having a monthly cash flow plan (budget). Second, you are practicing delayed pleasure. Third, reinvest your money in yourself and your business.

This is for wealth builders. Those entrepreneurs who are not playing average. The average business owner in the United States makes less than $ 25,000 a year. 91% of all small businesses earn less than $ 250,000 a year and 80% of entrepreneurs are failing within 18 months of starting. Playing average suck. So do not play mediocre.

Perfect examples

You see examples of highly paid entertainers and athletes and a few years later are filing for bankruptcy. There is no shortage of stories of athletes or entertainers who have gone bankrupt or become spoiled after a big day payday. Drafting choices start with buying toys, living in abundance or making bad business decisions. Entertainers make big parties, “buy” the bar and get into debt by buying things they can not afford.

You look at Wikipedia for statistics on famous people who are breaking or raising bankruptcies. These are prime examples of people who received large payments but did not stay spoiled. Athletes have a short career. There is a short window for them to provide a large amount of income. Entertainers need to stay relevant in their industry before the well dries up. You, as an entrepreneur, have the ability to continue to produce.

Stay broken

Understand that I am not telling you to narrow down your lifestyle. Broken attitude requires discipline. You are making sure to focus 95% of your time building your greatest assets. What are you and your business. Grow faster by staying on a budget and investing back in your business.

People underestimate how long it takes to be successful in generating positive cash flow. They do not prepare for the peaks and valleys that will occur. Moreover, they are not ready for the weak time or when a part of their business fails. But staying broken can help you withstand the oncoming storm.

5.5 Aspects of Broken Attitude

1. Cash flow plan – In order to stay spoiled you need to know where your money is going. Everyone needs a cash flow plan. Know where every dollar is going. Give each cent a task. Money that does not have a task tends to be lost. Keeping track of your dollars keeps you out of financial trouble. Money that goes around without any purpose is wasted, wasted or blown away.

2. Delayed satisfaction – I often made this mistake. I would spend my rewards and any big increases. I was naive to think it would always come. I did not save or reinvest in my business. So I became broken and homeless. “Ballin” is stupid. Especially when you do not have the assets to support it. Leave the glow behind. Forget the impression of people and being “mad”.

That big customer you just reached does not signal that it is time to spend and fool with the new growth. Delay that pulse. Put that money back into your business to generate more revenue. Go to earth some great clients too. Delay the pleasure now so that you can enjoy it later when you are free from finances.

3. Income growth – Income is king and that is the only thing that matters. Remember, we are not playing average. Businesses succeed when revenue increases. Growing growth is essential. Switching from $ 4,000 a month to $ 4 million overnight is nearly impossible. Look to double your income over the next few months. Always look to increase revenue. More sales = success.

4. Sacred Accounts – Put all those extra incomes in the Sacred Accounts. When something is sacred do not touch it. You have not violated it. This money is for future use to help create more wealth. I have a real estate account that I have not touched in years. Put a portion of my income into it each month. All my extra money goes into that account and I do not touch it.

You are saving to invest. It does not save to save. This money is earmarked for a future purpose to generate more revenue. It could be a second business, real estate or something else that will increase your revenue streams. The key is … you are not just saving. You are studying while saving and learning about your future investment.

Understand that it can take years before you pull the trigger. I have saved in my real estate account for 2 years. I am studying and active in the areas where I want to invest. Study while saving.

5. Reinvest your profits – A portion goes to your sacred accounts. Reinvest the rest after all your needs have been taken care of. Decide that the money goes back to your business and yourself. Need to invest in exercise to get better? Atehere beje.

5.5 These things take time – Idea + hard work x Time + Discipline = Success. Are you committed to getting rich? How serious are you in creating wealth? I do not know how long it will take you to generate six figure revenue. I know it takes work, time, discipline and access to capital. My teacher went from welfare to earning $ 10 million in less than 3 years.

Time to play

Success takes time. Stay spoiled and keep grinding. The choice to stay spoiled is yours. You are voluntarily choosing to build your business in order to be financially cheaper later. “Pay the price now so you can pay any price later.” – Grant Cardone