advice
Investing is simple, but not easy; stock advice, trading tips and investment strategies for building the perfect portfolio.
To Be A Daytrader!
So people ask me what's it like to be a day trader??? And I'll tell you, it's frustrating, it's hard and it takes time, dedication and a lot of research, oh and money! Then again it also depends on what Market you're talking about, if you're talking about stocks, bonds, options, and ETF’s it's actually quite easy , well aside from opening a brokerage account and doing a little research on a few stocks that is. However if you're talkin about forex that's frustrating finding direction is key but what they don't tell you is that it's very hard to do when the direction doesn't stay the same for very long , but that's only during announcement months that announcement occurs often. By announcement I mean the unemployment rate election of the United States Treasury making some kind of announcement about inflation and it goes for other countries as well because in Forex you are trading currencies from around the world after all, 22 of them to be exact. But I tell you my most favorite thing to trade is cryptocurrency. I mean it's an endless Market that's open 24/7 and has numerous platforms to trade on and thousands of altcoins to invest in good ones that actually increase in value substantially sometimes too if you pick the right one. which is exactly why I would recommend following a professional who is in the know, and basically does the research for you and for that type of service well as we all know no good service is free so of course it costs you. but it's well worth it. I've made more money in cryptocurrencies then I have in the stock market and forex combined. Yes of course I lost mine but I've made tons more than I've lost. For me being a day trader is amazing. I get to do it at my own pace on my own time, And it's something I love doing. It's almost an addiction. When you make a solid investment and then you check on it a couple days later and you see those gains The feeling is unexplainable. I definitely wouldn't recommend it to someone who didn't like doing it or didn't have the time if you have a full-time job kids, and household to take care ofThen you probably ought to look into some kind of automated system that trades for you. But all in all in my experience I've had fun I am still having fun and I don't think that I have found a hobby that can make me money the way that the markets do. Although Sometimes I do feel like an addict as soon as I wake up and my feet before I have to check my computer Or I have to look at my phone and see how my friends are doing see what my portfolio looks like today. In many ways it has created a little distance between me and my husband but I think that's only because I have found something to do with my time. Something that he doesn't quite understand He says it's just too complicated for him and uninteresting because it's boring which I guess to some it probably is but me I can talk about it all day long which stocks to invest in and why Or what's happening with the blockchain today or what new laws they're Trying to implement I don't really care for politics but politics go hand-in-hand when it comes to Trading because if you don't know what's going on in the news or in the world for that matter you're not really going to know what's going on in the markets. I went to school to get a better handle on chart analysis and technical analysis and fundamental analysis and it kind of paid off because it works in all Markets. I guess I just wanted to share my story, I haven't been too successful enough to say I'm successful but I'm well on my way and you know what they say it's always the journey that matters the most will that you remember the most.
By Nikki Mcwilliams5 years ago in Trader
Improve Your Next Investment Project With These Suggestions
Investing in real estate can be a fantastic way to get more from your financial future. Of course, there are a number of considerations to take before you break ground on any given project. There are all kinds of obstacles that can come along when you’re purchasing, improving, and selling property. To see the best results from all of your hard work, it can be a good idea to take time to think over the most crucial aspects of the process. Breaking down each operation is a surefire way to create a tangible and effective plan.
By Dennis McKonkie5 years ago in Trader
3 Tips to Improve Your Finances Today
The COVID-19 pandemic has hit many people hard financially. From furloughs to job loss and from strict budgets to depleted savings and much more, people are making adjustments as needed. It's important to stay focused on your financial well-being and take simple steps so you can recover and thrive in the future.
By David Wyld5 years ago in Trader
A market correction Coming ?
Disclaimer: I hold no US stocks. This is an opinion piece based on history and past experience of a airborne infantryman serving in Iraq 05-06 with the 101st band of brothers, and a federal police officer for Airforce, with 5 years of travel abroad, working in jobs as a beekeeper in New Zealand, and wheat and barley farmer, and installing solar in Australia. I am an American I love my country and have some advice to protect yourself in the event of economic crisis.
By Sustainable Scott5 years ago in Trader
Creating a Trading Plan
Always start with some form of strategy by defining your entry point, your exit points, and also strategizing your loss limit and target for the day. This is a good habit to practice due to the fact you don’t want to lose more money than expected. Be mindful of your margin as well.
By Nia on Air5 years ago in Trader
The Man and His Wealth
The Myth-Financial Riches We have all heard and listened to our elders about obtaining riches, and being in financial control, being able to pay your bills, buy a house, live the “American Dream”. Well the truth is that having riches will do all of these things for you. It even goes with the saying from rags to riches. Many of us work a 9 to 5 day in and day out to obtain riches. We build up a nice savings, have cash in our checking account, have a high credit score, a nice house and so on and so on. This is what is known as the “American Dream”.
By Chetwood Johnson5 years ago in Trader
Keeping Accurate Record of Tax Returns
When it involves calculating and paying your commercial enterprise taxes correctly, meticulously retaining a document of all of your commercial enterprise transactions is significantly essential. Accountants in London will appear after your retail enterprise facts. HMRC (Her Majesty's Revenue and Customs) is aware of this and makes it clean to organizations that every one business entity must maintain correct commercial enterprise facts always to make sure that their taxes are in order.
By Muhammad Awais5 years ago in Trader
Home Equity Loans: What You Need to Know
The Guide to Home Equity Loans If you have been paying your mortgage for a while and built up some equity, you could use this value to borrow against. A home equity loan is essentially a second mortgage on the property. It uses the money you have paid back on the mortgage and the down payment as a guarantee to the lender. Buying a home for the first time puts you in a position to capitalize on your investment.
By Bill Gassett5 years ago in Trader
How To Build A High-Yield Dividend Portfolio
Unlike traditional portfolios that focus on growth over long periods of time Income Portfolios or High-Yield Dividend Portfolios focus on generating regular income from your investments. The goal of an Income Portfolio is not to grow your assets but to generate a passive income stream to supplement your regular income. Depending on your situation, it might be a great addition to your asset allocation.
By John Smith6 years ago in Trader
