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About Forex Trading

1. Finding the right broker

The first and obvious step new traders must take to learning how to trade forex is choosing the right brokerage firm. Some brokers provide larger markets than the others, some have tighter spreads. And it would best to look at different brokerage firms because each have their own disadvantages and advantages and even offer different services. And the best way to ensure that your money is safe or if you can appeal if the firm becomes bankrupt, you should look for a regulated firm in one or two major countries at the least. Also make sure of the legitimacy of the firm so as not to waste your time.

2. Have a Trial run

After finding a suitable brokerage firm, the next step to take is trying out the system through a demo account. This perhaps is one of the best thing about currency trading because unlike other markets, demo accounts are available for traders to use.This can help new traders learn how to trade forex with the

Select The Right Accountant

The first factor is the most obvious and probably perceived as the most important – cost. What the total cost of the advice will be, the emphasis being on total. You need to make sure that the entirety of the instruction is considered, including any further costs down the line as well as any main or initial costs. You may be able to agree any initial consultation as being free of charge, but be careful as to what and when other costs will then come.

So maybe one firm only needs to charge for advice every year, but this cost can be higher than another firm charging every 3 months but being able to keep on top of things every three months with yourself doing day-do-day accounts in the meantime.

The second to fifth factors are what you might refer to as the ‘small print’ with any firm – the way in which they are regulated, making sure they have a valid track record and creditable references, the correct insurance cover in case anything goes wrong and you

Rules of Money

1. Acquiring Money is not a thing of luck, It’s Work
2. Save Part of all you earn… Start Investing now for your Old Age!
3. If you’ve got debts, Pay them off as soon as possible. You need to experience the joy of a debt free life.
4. Keep for Contingencies. You never can tell what’s gonna happen Next
5. A billion dollar today started with a Zero figure. Don’t look too high, You may never get there. See the next step before you and make that move. Success is built on little stones laid up each day.
6. Believe you can make it- There is no barrier as long as you see the possibility in making it come to pass.
7. Money is no respecter of persons. It visits anyone who invites it.
8. Money Cannot buy Love. It only will support the love that has existed.
9. Money is good… The lack of it is the ‘Seed of all Evil
10. Sow into Poeple’s Lives with what you’ve got.
11. Never lend to friends or

Modern Financial Advising

Admitting It Is The First Step

Like with any significant self-improvement, determining whether or not you need assistance is the key to financial success. Unless you are a natural at portfolio management, you probably could benefit from the help of an expert. Deciding to allow someone to help create your monetary triumph is crucial. There is no shame in needing their expertise, especially when it has become so easy to do so affordably. Many modern companies have significantly lower minimum account requirements than previously held by traditional firms. Financial advisors have never been more accessible to new investors.

Decide to Invest

According to a seasoned financial advisor, the heart of financial planning can be summed up pretty simply: “You either have a plan, or you don’t.” Those without a specific approach often fail. After recruiting assistance, dedication to investment is crucial. Realize that attention to the status of your current portfolio is an investment into the status of your future portfolio. Decide that you are going to take a guided, methodical path to a more comfortable financial end. Sporadic, overly passive investment approaches are common pitfalls of individual investors who fail when attempting to go

Investment Banking

Basic bank for invest

This kind of bank tends to issue bonds and stocks to customers for a predetermined sum. Then the bank invests this sum which has been used by the client for buying bonds and stocks. Such types of investments vary across different banks. In the nations where this type of investment is permitted, investment banks come with networks of lending and financial organizations that they can derive profit from. Other banks also make investments in construction and property development. Customers with bonds and stocks would tend get payments from the amount of profit that is made on the sum that they have invested for a particular time period.

Both the investment bank and the client derive profits from the sum initially invested by the client. As these types of banks are completely familiar with the trade methods, they are often consulted about corporate investment activities like acquisitions and mergers by both big and small corporations and business houses.

Merchant bank for investing

This is the other kind of investment bank. Such kinds of banks participate in trade financing and provide business ventures with capita in the form of shares and not

Qualify Leads And Prospects

You should invest your money and time only after qualifying someone. Only then you should start selling the service or product to the prospect.

If you are not quite experienced you will jump at the given opportunity without properly studying the prospect. What happens here is you are trying to selling something on an assumption without the proper background check. It may or may not culminate in sales. Only mindless salespeople will do this kind of marketing and they will end up losing their energy and time chasing wrong leads.

Instead of talking all the time, try to listen to your prospect. Then you will understand whether he/she is a qualified prospect. If you listen to them your chances of selling will be much higher.

Spend time on qualified prospects, and you’ll achieve significantly more costly deals.

Even if you get a qualified lead you must put in a lot of effort to make him/her your customer. You must know all about your valuable prospect or else you will miss an opportunity to sell your product or service to them.

If you end up selling a product to a wrong customer or to

When You Need Money

Make an assessment of your financial situation

You need to deliberate thoroughly, before you plan to borrow money. That is, you should debate whether you really require a loan or not. If there is some solution to your shortage in money, kindly address it soon.

You need to review your household budget as well. If you can save money by changing the broadband supplier or the amenities (gas or electricity) supplier, then do so. You would be surprised how much you have saved at the end of each month. This would help you to sort out your cash problems for sure.

But if there is no option left, you can opt for a credit card or a loan.

Credit Card

Before you decide to select the credit card, you need to address the following questions.

· What is the rate of interest?

· How much time will it take to pay off the balance?

· Do you need to use the card for paying other expenses that would increase the balance and eventually increase the interest rate that you need to pay?

· Are you already having some balance

Online Payment Systems

Through the years, residential property owners have been receiving rental payments in person, or through the mail. Since the Internet has transformed the entire way we communicate, many things have changed deeply. One of these changes is the fact that online transactions have become popular. Several property owners are now accepting the highly technological management tools. Some of these are, for example,property management software, as well as online rental payments. In doing so, they enjoy a succession of benefits offered by these tools.

As a proprietor, you will see a considerable impact in terms of operational efficiency, as well as bottom-line profits. When you accept rent payments online, monitoring is no longer necessary, and even if you live far from the state where your rental property is located, this payment method will be very advantageous for you. In addition, you will be able to keep record of your tenant’s payment history by means of your website, which provides you with an online rental payment management system. You don’t have to go through several mails, checks, as well as documents. This lets you save a lot of time. With a few clicks, you can retrieve the information you

Spend Your Windfall Income

1) Invest in real estate: As much as this sounds like really over flogged, it is a wise counsel. A businessman once said, “the only Estate that is Real is Real Estate”. Real estate is big business. There is a huge demand for rental apartments especially mini flats and 2 bedroom flats. There are several real estate companies offering instalments payment options for those interested in buying land. You can invest your windfall income in buying a half plot or full plot of land. I will advice you buy from a real estate company rather than directly from the community especially if you do not have funds for immediate development.

The simple reason is that the real estate company usually would have sorted out community settlement issues with the land owners and so you can be rest assured that you land is at least secure from land grabbers. Also, by buying from a real estate company, you will benefit from quick capital appreciation of your investment and rapid development of the locations since there will be several people also buying and developing their property in that location. Another advantage of investing in real estate is that after

Emergency Financial Situations

There are many circumstances which can cause a financial emergency such as a sudden illness, accident, medical emergencies, emergency house repairs, loss of a job, emergency car repairs and much more.

The major reason for having an emergency fund is very clear because when a person falls into an emergency financial situation, they will have to break their savings or make a compromise to get the needed money.

It’s not rare to find people who just take out their credit card and swipe it for hard cash. Opposing popular opinions, credit cards are the worst way to fund any financial emergency. The fastest way to get thousands of dollars its to get a car title loan it is not a long-term solution but a short-term solution.

In a circumstance where you’ve taken a cash advance with your credit card to get the needed money, the credit card company will charge you a cash advance fee with an interest rate. This is a very costly way to borrow and manage finances for emergency situations.

Therefore, what is the best amount that should be set aside as emergency money? There are diverse

Importance of Residual Income

The commonest way that people define residual income is “income earned while sleeping”. Is it really possible to earn income while, all the while, you are asleep? This may sound strange to some people but, yes, it is possible.

The importance of residual income in a man’s life finds expressions in the statement of the billionaire investor, Warren Buffet, in which he stated that “if you don’t find a way to make money while you sleep, you will work till you die”.

Residual income is a concept that many ignore without understanding that their future well-being is dependent on it. And with what result? With damaging consequences.

By going to work every workday and receiving a salary at the end of the month, you’re simply exchanging time with money. Your salary is not residual. If your work stops, your income stops automatically.

Let me explain residual income with the following example.

Imagine two men in a village. Both have to walk a mile every day to a river to get water for their families. After a month, one man starts working on building an underground pipeline to connect the river to his house.

Revenue Recognition Audits

For a successful Revenue Recognition Auditing process, Planning is a key element. This process thus initiates with analyses of revenue recognition policies and techniques of a company. Thus ensuring the company’s compliance with the desired audit procedures. After satisfying their doubts, the auditing comes to the second level that involves the analyses of contracts of that year. Material Contracts are then separated from the lot. Auditors invest their time to test whether those contracts are recognized aptly. Along with this, they ensure that the financial statement contains receivable and deferred accounts. Besides reviewing the Material Contracts, auditors also pay heed to the one which is not material to ensure that even they recognize the revenue aptly.

Important Aspects of Revenue Recognition Audit:

Reviewing General Ledger:

When an Auditor/Accountant analyzes a General Ledger it provides them with a lot of substantive evidence and thus initiates lesser procedural tests. General Ledger is reviewed to have knowledge as to how the sales are recorded in that particular firm. The information that concerns Revenue Recognition Audit includes the sold goods, the date when it was delivered and the mode of payment used to do so. It ensures that General

Financial Tips for Millennials

Most millennials are currently in their 20s and 30s – a time when many young people are ready to make major financial decisions in their lives, like home ownership, long-term investment activity, etc. If you’re currently a part of this generation here’s your crash course on what you should do to improve your financial wellness:

Take online financial courses
Since most young adults have the propensity for technology it is suggested you take a few basic online courses in economics, accounting, and any other financial topics that may be of interest to you.

Embrace Technology
When it comes down to managing your money there is probably an app. To help you do that. These apps. Can categorize your spending habits and help you manage your spending. These insights can help you save money each month and then transfer that money directly to your savings. Online financial apps can help you make a workable budget for your lifestyle and ultimately change your net worth.

When it comes down to managing your money there is probably an app to help you do that. Mobile apps like Clarity Money can help you track any wasteful spending habits. Digit

Personal and Business Banks

Location and Convenience

The way you manage your money will determine what type of institution you need for your money. If you need an organization with a convenient location to enable you to stop in while you’re running errands or on your way to or from work throughout the week, narrow your search to include only institutions with convenient locations. Don’t forget to consider the hours of the organization, also, to ensure that it will be open when you typically stop in.

Services

Ask about the services offered by any branch you consider using. Compare interest rates for all organizations you consider to enable you to receive the most return for your investment dollars. A full-service institution will likely offer both online banking and a walk-in branch to service customers. Online services should enable you to check your account balances, schedule payments, pay bills, transfer money, and make deposits. Find out if the branch has an ATM available for 24/7 transactions. Ask if the bank makes it possible for customers to use ATMs within the same network in other locations. Many banks provide foreign currency upon request for clients traveling internationally. Ask about the availability

Retail Banking

In the past, the banks act as a transaction medium where people save, reclaim and borrow money. European banks have made substantial investments mounting their branches into financial supermarkets. The shift to mobile banking is being publicized greatly by market analysts. According to a recent journal, global mobile payment transaction values are expected to exceed a market worth of $600 billion with more than 400 million users by 2016. These forecasts signify a modal shift in the retail banking and a prospective opportunity for novel players to meet the requirements of the mobile-friendly consumers.

The three key areas in retail banking i.e. payments, products and customer service will be transformed by mobile devices. Payments can be modernized and improved by mobile devices. Many banks in various parts of the world have moved quickly to roll out m-payments. Mobile payments are emerging as an acknowledged way of life, and many more mobile payment services are being constantly emphasized in the media. The acceptance of the m-payments has been recognized as a simple payment or money transfer utility. With the change, the Smartphone has successfully incorporated the payment utility into other applications. It has enabled banks to add true

Financial Freedoms Must Protect

1. Guaranteed Income

Have you taken the steps today to secure your financial future: for yourself, your spouse and your family?

Remember when you retire, you won’t receive a regular paycheck. Not having that steady income may come as a shock. You may start to panic as you begin to dip into savings for daily expenses. You may need to live on a strict budget. You may end up needing to find a job. And, if you decide you need to return to work, it most likely won’t be in a full-time position with a full-time salary.

As you think about retirement, you need to realize this: the day you stop working is the day you surrender your guaranteed income. However, by developing a strategic plan now with your financial advisor you ensure that your financial situation is set up so that you can enjoy your retirement years worry free.

2. Travel

The number one thing most people want to do when they retire is travel. In fact, retirees are in the top 3 groups of travelers in the United States and spend about 20% of their retirement income just on travel.

Make Money Online

InstaGC

InstaGC is also a very known site and probably pays the best after CashCrate. It has a bit more offers than CashCrate has, but it loses to CashCrate due to its referral system, which doesn’t pay as well.

InstaGC is a great site though, because it provides tons of contests for its users, its admins are very active on social medias, and also the site is very known for having an option of donating the money you make to different charities around the globe.

Get-Paid

Get-Paid is one of the newest additions to the world of GPT (Get Paid for Tasks) sites and has successfully been able to provide tons of tasks for people in Europe in addition.

Most of the GPT sites are quite infamous for not providing enough offers for Europeans, but Get-Paid is one of those sites that are different from the normal. The site has ton of offers for different European countries and they have put a ton of emphasis on giving enough work to do for Europians too.

Tips For The Sites

Now that I have told you some basic information about the sites, for

Asset Management Is Important

It is usually said that asset management is the art of taking the right decisions at the right time while optimizing the methods and strategies of the business. But how does this actually help your business? Asset management has been proven to assist and get better operational performance and profitability. It is an umbrella term that is used to describe the overall investment management of collective investments.

The main purpose of this process is to discipline the handling of your assets to meet your business objectives. It is the blend of strategy and the process for aligning information, which is held by the company, with the priorities of business. It is in fact good to state that asset management is a standard accountancy process, which is based on maintaining details of assets that are beyond a certain value. It is the supervision of investments according to risk and return considerations but now the question is what is actually considered as asset? It is anything that owned by an individual, organization or company that has a cash value for instance physical goods, property, investments or savings. In a business world assets include infrastructure, human resources, property, computers and

Throw Away the Credit Card

If you ask them whether they want to be free from this bondage, be able to live to a standard that doesn’t give them sleepless nights with repayment stress – they are likely to say YES PLEASE where do I sign. But if that journey began with them cutting up their prized possession – the card – you would literally hear them gag on their saliva.You see regardless of the x amount of pounds they owe, the FEAR of not having this piece of plastic and the access it gives to funds far outweighs the mountain of debt it represents.

I know this because I’ve been there. It’s that fear of ‘not having enough’ of ‘being ‘caught short’ of ‘ needing something’ that my card would buy and which puts fear in your heart. And that’s really what the system relies on. Money is handed out freely, the more you borrow, the more you spend. A vicious but highly lucrative venture (for the lender), but a surefire way of losing everything for the borrower.

The question is how do you beat this FEAR? I would love to say that there’s a support circle you could attend

Steps to Disciplined Trading

Step 1 – Methodology

The 1st step is to find a systematic rule-based approach to trading the markets that has been proven to work, either by computerised backtests or manual testing. This is extremely important because without a validated strategy you will not be able to build confidence in it and will likely just end up losing money and increasing stress.

Make sure you stay away from strategies that do not have clearly defined rules you can program into a computer, the rules should be simple and not require interpretation otherwise the results will be inconsistent. This step must be completed properly, if you do not then the string of losses you will likely experience will make it very difficult to continue following the strategy and you’ll either stop trading or jump to the next strategy and repeat the losing process.

Step 2 – Confidence

The 2nd step is to gain confidence with the strategy by understanding how it works, why does it make money? Really understand the backtest results, know the type of markets it works in best, then either paper-trade it or trade it with a small position size for a while