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3 Tips for Beginner Forex Traders

Posted by on 2-02-16 in Uncategorized | Comments Off on 3 Tips for Beginner Forex Traders

Are you thinking of getting involved with forex trading? Forex is a commonly used term to describe the foreign exchange market, which is an informal trading location to buy and sell currencies. Because currency values fluctuate all the time, it’s possible to make money through forex trading. However, it is also possible to lose money. If you’re going to venture into the forex markets, it’s important that you have a plan and strategy in place so you limit your losses and maximize gains. Here are three tips for beginners to help you get the most out of your forex experience: 1. Use a stop loss. When you’re starting in the forex marketplace, a stop-loss mechanism can be your best friend. That’s because without a stop loss, you could theoretically lose your entire trade. However, when you put a stop loss on your trade, you set an absolute worst-case scenario. A stop loss is a type of trade that triggers an automatic sell when your trade return drops below a certain level. For example, you can decide you can only afford to lose a certain amount on the trade. When you lose that amount, your positions are sold and the trade ends. Before you place a trade, take time to determine how much you are willing to lose. Then establish a stop loss at that level. That will prevent you from sticking with a losing trade longer than you should. 2. Find a community. There are many different approaches to forex, and you can certainly learn a lot from other traders who have more experience than you. You can compare trading strategies to see how you should adjust yours. Or you can run your losing trades by your community to see where you may have gone wrong. By communicating frequently with other traders, you can accelerate your learning and become a more proficient trader. There are a few places to look for a forex community. Your online trading platform may have a forum or message board component. There are also plenty of websites and blogs that are dedicated to forex trading. Finally, you may want to look for a forex trading club that meets in person in your area. That can be a great way to expand your network and enhance your learning. 3. Find indicators that work for you. As you develop your trading strategy, you’ll likely want to incorporate a variety of forex indicators that inform your decision making. For example, one indicator is to look at a currency’s trend line over the past several months or years. If you see the currency value deviating from the trend line, you might take that as a sign that a trade is in order. Another popular indicator is the daily tracking of a currency’s movement. This can tell you whether traders are buying or selling the currency, which may help you decide how to trade. Many trading platforms offer a number of forex indicators. Get familiar with your platform’s indicator area and learn how the different graphs can provide you with valuable trading information. Look into organizations like Winner’s Edge Trading. For more information, contact trading platforms that specialize in the forex markets. They can help you open your account and develop your trading...

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At What Point Should You Turn Your Investment Portfolio Over To A Professional?

Posted by on 9-09-15 in Uncategorized | Comments Off on At What Point Should You Turn Your Investment Portfolio Over To A Professional?

With the exception of those who inherit a sum of money or win the lottery at a young age, most investors start small, putting aside a portion of each paycheck and increasing this amount over time and with pay increases. When you’re just starting out, you may not feel the amount of your investment portfolio justifies the services of a professional wealth manager or investment adviser. However, at some point, your do-it-yourself approach to investing may begin to cost you — you could find yourself making tax blunders or investing your funds at precisely the wrong time, diminishing your investment returns over time. How do you know when you should relinquish control over your investments and engage the services of a professional? What is the difference between a wealth manager and an investment adviser? While these terms are sometimes used interchangeably, there are several key differences between these two professions. Depending upon your financial situation, you may need a wealth manager, an investment adviser, or both. An investment adviser focuses primarily on directing the funds currently in your retirement accounts, as well as investigating other potential investments and making recommendations that complement your appetite for risk. While your investment adviser may offer some tax information, his or her ability to do so is fairly limited, and you may find yourself seeking more detailed tax advice from an accountant. A wealth manager helps direct your entire net worth portfolio, rather than merely your retirement or taxable investments. This individual will evaluate all of your circumstances.  For example, your investment adviser may be able to help you choose a fund that will earn sufficient returns to help fund your retirement, but your wealth manager will be able to take into account your tax status, the age at which you plan to retire, and even any genetic or pre-existing health conditions that could impact the amount of time you’ll be able to work before retirement. Wealth managers can also help you structure your assets to better provide for your children or other family members in the case of your unexpected death.  When should you seek the services of a wealth manager?  Although there isn’t any specific threshold of assets that trigger the need for a wealth manager, if you have any potential financial complications or special considerations — like a blended family, a likely early retirement due to disability, or a complex tax situation — you may benefit from seeking the advice of someone who can take a holistic view of your financial and personal life. Your wealth manager may be able to structure your retirement contributions to save you money on taxes or help you determine which investments you should draw down first upon retirement.  Above all, you should trust your gut. If you no longer feel comfortable handling your own investments, or if you’re nearing retirement and are afraid of making a major blunder, it’s likely that the price you pay for private wealth managements services will be well worth the peace of mind of knowing your savings are...

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Two Things To Remember When Completing FAFSA

Posted by on 9-09-15 in Uncategorized | Comments Off on Two Things To Remember When Completing FAFSA

You spent years considering what college you wanted to attend, and you’ve even given careful consideration on what you will major in. You thought you had everything together until you started to research tuition, room and board and other education costs. Now you have to tackle the issue of how you’re going to pay for your education. If your family is unable to cover these costs for you, completing a Free Application for Federal Student Aid, or FAFSA, is likely your next step. Early Completion While the application is pretty self-explanatory, don’t make the mistake of assuming the application is only for federal college funding sources. The FAFSA puts you in line for both federal and institution-specific funding programs. An important thing to remember about institution-specific programs is that they often have caps or limits for funding dollars or students. For example, a college might only have a work study program available for 100 students per school year. For this reason, it’s imperative that you complete your application early. As the saying says, the early bird gets the worm. When you complete your FAFSA early, you can be considered for institution-specific programs long before they reach their caps. Ideally, you should be completing your FAFSA application at the same time you’re completing your college applications. Award Appeal Some people are unaware that you can actually appeal the award package you receive after completing the FAFSA. The application has a number of different questions, but it still only offers the school a glimpse of your life circumstances. Contact the financial aid department and tell them how grateful you are for the awards that were offered to you, but explain in detail why the package isn’t going to fully fund your education. Take a student who has a terminally ill parent who happens to have a large savings account, for example. Based on the application, the school is only able to see that the parent has a large sum of money in the bank, not that the savings account is being used to pay for medical treatments. In this case, speaking with someone from the school directly might offer a different outcome. FAFSA is one of the most important steps in the college funding process. Make sure you are taking your time when completing the application to avoid mistakes and get the most out of your application. Remember, your education could depend on...

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Learning about Private Equity in High School

Posted by on 7-07-15 in Uncategorized | Comments Off on Learning about Private Equity in High School

High school finance classes are a great way to learn about the world of investments. If you’re learning about the stock market and how to invest your money, you may also be learning about private equity. What exactly is private equity? Put simply, private equity is a group of alternative forms of investing. There are many alternative forms of investments. Here are three of the most common types. Leveraged Buyouts Leveraged buyout funds are used to obtain controlling interest in a company. Investors use a combination of funds to purchase companies that are in sound financial condition – meaning they’re presently making money. Investors that participate in leveraged buyouts use a combination of funds, including bank loans, equity in other companies, and personal funds. In most cases, the investors will use as little of their own money as possible. This limits the personal losses they may experience should the investment fail. Venture Capital When Mitt Romney ran for president, he put venture capital funds in the spotlight. In fact, one of the companies that Mitt Romney was a partner in, invested in start-up businesses – businesses that have little equity but have the potential to earn significant money. Venture capital funds are used to help new companies gain access to customers and partners that will maximize their earning potential. Most venture capital funds are divided into two groups – early stage funds and late stage funds. Early Stage Funds Companies that are starting up – or are in the early concept stage – often need funds to develop on their ideas. Early stage funds are used to develop talent and improve technology that will make the company more desirable to potential later stage investors. Later Stage Funds Once a start-up company has developed its talent and improved its consumer desirability, later stage funds will be used to make the company viable – or make it operational. Growth Equity Funds Companies that are looking to expand into other areas may look to growth equity investment funds for help with the expansion. In some cases, companies will scale back their normal operations to make room for expansion. When that happens, they may need additional funds for that new growth. Growth equity funds provide the financial stability a company will need while it ventures into other markets. Private equity is a crucial aspect of corporate investments. Now that you’re learning about investments in school, this guide will help you understand how private equity funds...

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Fixed Income Investments For Your Retirement Portfolio

Posted by on 4-04-15 in Uncategorized | 0 comments

When saving for your retirement, it is vital to have the right allocation of variable investments, such as stocks, and fixed income investments. Fixed income investments are those that have a specified return for a certain length of time. Financial advisers recommend increasing the percentage of fixed income investments in your portfolio as you near retirement. A general rule is to subtract your age from 110 or 120 to get an approximate percentage of how much of your portfolio should be in fixed income investments. Fixed Rate Annuities When investing in a fixed rate annuity, an investor can choose a deferred or immediate annuity. A deferred annuity permits the principle investment to grow tax-deferred during the accumulation phase. The investor then receives periodic payments when the payout phase begins. With an immediate fixed rate annuity, the investor receives periodically scheduled payments as soon as the money is invested. The size of the payments depends on the current interest rates, the amount of the investment, and the investor’s age. Bonds When you purchase a bond, you are loaning money to a company or government in exchange for regular payments at a predetermined interest rate and the return of the initial investment.  A bond is a fixed income investment because the amount of interest is guaranteed. Some bonds are backed by a third party who guarantees the principle portion of the bond, while others do not have such a guarantee. Guaranteed bonds are considered safer than non-guaranteed bonds and generally have a lower interest rate. Bonds also trade on a secondary market, permitting investors to purchase them at a discount or premium. This can affect the ultimate overall return of a bond, though the interest rate remains the same. Certificate of Deposit A certificate of deposit, better known as a CD, is a savings instrument that pays a stated interest rate for a specified term. Terms vary anywhere from a month to five years. Investors can elect to receive the interest payments during the CD’s term, or they can reinvest the interest so that their money grows even faster. The rate of a CD varies based on the amount of money invested, the term, and the interest rate climate. Some banks offer promotional rates for new customers or for those investing money from another financial institution. CDs are issued by banks and are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 with a standard account. Specialized accounts or unique owner situations may be insured for a larger amount. When it comes to preparing for your retirement, you want your money to work for you. The best way to do this is to invest in savings vehicles that meet your personal comfort level, age, and financial situation. Fixed income investments are a necessary component of most investors’ portfolios, enabling them to safely grow a portion of their savings. For further assistance, contact professionals, such as those from Fogel...

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Dog Gone! How To Relocate To Ecuador With A Beloved Family Dog

Posted by on 4-04-15 in Uncategorized | 0 comments

In the United States, over nine in ten people consider their dogs to be members of the family. When Americans choose to relocate to other countries, it is no secret that the transition’s impact on the family dog is an extremely important matter. If you are buying international property for yourself and your dog, or to market to Americans, you will be considerably more successful if you know the ins and outs of that country’s stance on dogs. The Republic of Ecuador, located in northwestern South America, is consistently praised as one of the best relocation destinations and best real estate investments for Americans. Thus, buying investment property in Ecuador, either for yourself or to lease to American citizens, is a wise decision. Here is a look at Ecuador’s laws on dog importation, and tips for relocating there with a pet. Importing Dogs Into Ecuador Ecuador is also very accommodating to pet owners. The country does not have a mandatory quarantine. Before relocating to Ecuador, American dog owners must provide proof of up-to-date vaccinations, and the dog must also pass a parasite test. Furthermore, a veterinarian must complete an official exam and find the dog in good health. The pet owner should call the Ecuadorian Agency of Quality Assurance in Agriculture three days prior to arrival. Things That American Dog Owners Should Consider Whether you are purchasing property for yourself or for other Americans, learn how relocation will impact family dogs. For example, the mean elevation in the United States is 2,500 feet. Ecuador, on the other hand, has a much higher elevation. The capital is 9,000 feet above sea level! Altitude sickness affects not only people, but also pets. An American dog relocating to Ecuador must overcome this altitude difference, and older dogs and dogs with respiratory illnesses will not adjust as well as younger, healthier animals. Also, the selection of pet foods available in Ecuador will differ from those available in the United States. Before relocating to Ecuador, an American should find out what kind of food the dog will eat in Ecuador, and slowly wean the dog off of the American food and to the new food. As an alternative, the dog can switch to a homemade diet that will be continued once in Ecuador. Consider, also, that Ecuador has its own wildlife and insect populations that differ from those here in the United States. As a result, all American dogs should visit an Ecuadorian veterinarian as soon as possible after arrival to ensure that the pet is protected against current diseases and parasites. Parting Thoughts More and more people are relocating to countries outside of the United States, including Ecuador. The more that you know about how this relocation will affect family dogs, the more smoothly your personal relocation will be. Or, if you are purchasing Ecuadorian property for the purpose of marketing it to Americans, this knowledge will better prepare your clients in their own...

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3 Reasons To Start Investing While You’re In Your 20S

Posted by on 3-03-15 in Uncategorized | 0 comments

If you are in your 20’s, you might think that you have many years to start investing in the stock market and other potential investments. Now might seem like a time to have fun and start acquiring things for yourself and your family, but you should know that it’s often smart to start investing while you are young. If you haven’t yet thought about talking to a financial advisor about investing now, consider these main reasons to do so. 1. Get in the Habit Saving money is never easy, no matter how much you make. If you wait until you are older to start putting money away to invest and save, you might find that it’s harder to get in the habit than you think. If you start now, however, you can go ahead and get accustomed to putting aside part of your paycheck for the future. Then, we you have a home of your own, kids and other responsibilities that you don’t have now, you’ll already be in the habit of it. 2. Have a Safety Net As someone who is young, you might feel relatively untouchable. Hopefully, you will have good health for a long time to come, and your income should just get higher and higher as you get older and get more experience in your field. Unfortunately, however, you never know what could happen. If you get sick, get laid off or deal with another personal tragedy, you won’t want to know that your money has all been spent. If you start investing now, you’ll have a bit of a safety net that you can tap into if you find that you really need it. 3. Acquire More Wealth You’ll be able to acquire more wealth if you start investing now for a couple of reasons. First off, you will obviously be putting in more years of investing before retirement age if you start early. Secondly, your money will have more time to accumulate interest. Therefore, if you want to be truly comfortable when you get older, investing in your 20’s is a great way to ensure more wealth. As you can see, there is no reason to wait until you are older to start investing. In fact, you can enjoy many benefits if you start investing now. Luckily, if you talk to a financial planner, you can get advice for the best investing for your age and...

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