Showing posts with label Finance and Law. Show all posts
Showing posts with label Finance and Law. Show all posts

Wednesday, September 19, 2018

Joe Roosevans “Choosing the Right Forex Service provider”

Joe Roosevans “Choosing the Right Forex Service provider”

Whenever someone enters a new domain of business, be it a service based venture or professional services, it is best that you are guided by a proven system to provide start up folks a good background of what he or she is getting into. As for money trading, also known as Forex, there are a lot of providers who offer consultancy and investment management services to aspiring money traders. And since there are a lot of these entities that can easily be searched via the internet, choosing which partner you would work with is as critical as a championship seeking basketball team finding its coach.


So how do we really make a wise choice as to who should be guiding us when it comes to the field of Forex Trading? Here are some of the pointers rookie to the money business must consider.

Dynamic services on the offer list
The broker or the entity you would tap in your Forex business’ infancy must be well immersed to the different types of money trading. This is where CMC Markets is very known for, as they offer stock broking and CFD’s (contract for differences) and other treasury trades.

Adaptability to new and future trends and technologies
Not only CMC Markets is award winning when it comes to its services. It also is always keeping up with the ever changing and updating technology and platform. Proof to that is its mobile readiness. CMC Markets has effectively adapted to both Android and IOS realms in terms of its connectivity and mobility for its clients.

Sound manifestation of expertise
As you “coach” in this money business, the insights, analysis and strategies someone should get from its Forex service provider must be super relevant, updated and globally accepted. These are the features to look out for in a good forex service provider. A good one should have vast network of financial resources, news and immersion to different projects. A reputable forex trading provider is capable of providing the right strategy based on updated data and emerging trends in the money business.

Credible standing and quality of reputation
Avoiding fly by night firms must be one of the most basic things a neophyte to financial trading must do. Flashy websites, fancy social media campaigns and ridiculous income promises are sometimes the baits used by these fake, so called partners. It is very imperative to check your would be partner’s business history. Check also their affiliations and what other traders have to say about them. This is another area where a reputable forex trading provider stands out.25 years or so of existence in the business is a solid proof of their unblemished reputation.

When getting serious about any field like Forex, a lot more of how-not-to-fail strategies should be considered. More than what is written here in fact might be needed. But at least considering the above mentioned ideas will give someone a good background about this complex world of money business. So go on and explore this diverse and dynamic world of Forex.

“FRA Financial Group Founder Joe RoosEvans is an industry veteran who has built one of the nations’ most successful Independent Marketing Organizations – Financial Resources of America and its affiliated companies, including FRA Financial Group.”

Tuesday, September 11, 2018

Why Indians should invest in peer-to-peer lending?

Why Indians should invest in peer-to-peer lending?

peer to peer investment

In the recent years, there has been a steep rise in the prices of goods and services. While most young Indian households are opting for dual-income avenues to make ends meet, investment is the sole vehicle that helps them create a financially secure future too. With inflation devaluing our currency with every passing year, we usually find ourselves lacking funds to manage our current and future costs. Investing helps us create additional income and/or generate wealth in the long term.

Where do Indians invest?
India has been a land of rich culture and tradition. We have always been a family-centric society and try to keep ourselves prepared for the financial costs associated with our lives and the lives of our family members.

financial cost

Around 100 years ago, if someone wanted to invest, then he/she would either purchase land or gold. However, these investments needed to be safeguarded which in turn increased costs. Eventually, as the banking services evolved, deposits and government-run saving plans soon replaced gold/land investments. The equity and mutual fund investments were the next to offer investors targeted returns based on their financial goals.

In the last decade, many investors parked their hard earned money in certain stocks or mutual funds. But, there was always an element of market risk associated with their investment which could not be ignored.

Peer to Peer Lending
The last decade also saw the evolution of digitization in India. An internet access in every household, platform models replacing the traditional pipeline models of business, and democratization of services soon gave birth to the sharing economy. The investment market also received its fair share of democratic innovations. Fintechs, or financial services offered as an end-to-end process over the internet, came up with various avenues to replace the original ownership model of traditional financial services.

peer to peer landing

Soon, entrepreneurs started analyzing various financial services and working out cost and time efficient ways of offering those services. The lending-borrowing process was largely owned by banks and a few financial institutions. Fintechs realized that if investors could lend funds to borrowers directly, without the intervention of any bank, then it could benefit both, the investors and the borrowers. This led to the birth of peer-to-peer (P2P) lending platforms.

Most Indians are known to be conservative in their investment methods. Peer to Peer lending, as a concept, has been prevalent in our society for ages. For example, what do you do when you need some urgent funds? Most of us don’t talk about a loan upfront, do we? We turn to our family, friends, well-wishers, etc. P2P lending platforms allow people to borrow funds from a peer network at rates proportional to their credit profile. Investors get a chance to earn up to 30% returns without exposing their capital to market risks.

Here are some benefits offered by peer to peer loans to investors:
1. Returns: You can earn up to 30% returns on your investments.
2. No Lock-ins
3. Market volatility: P2P lending investing is not dependent on the movement of the market (except events that have a macro-level impact on our nation). Therefore, these investments are less volatile as compared to their market-linked counterparts.

4. Easy tracking: By diversifying your investments across different risk classes and multiple borrowers within every risk class, you get the benefit of an investment portfolio which has a balance between high and low-risk investments along with single point tracking.

5. Fees/ charges: Most P2P platforms allow you to become an investor and lend funds to borrowers at minimal charges. The charges usually include a one-time registration charge, disbursal, and cancellation fee. There are no hidden charges.

Why Indians should invest in peer-to-peer lending?
India is growing. However, the growth of an economy also brings with it some ups and downs. These ups-n-downs can cause the markets to be more volatile. With peer-to-peer lending, you are in control of the risks associated with your investment (the risk of default). Market volatility does not affect the performance of your investment portfolio and a well-diversified P2P lending portfolio can bring down the risk of default to a great extent too. You can choose borrowers based on their risk classification and your financial goals and risk preference.

People Lend, a leading name in Peer to peer lending, understands that as Indians, we have a knack for saving money. However, many of us do not have the time or expertise to research and analyze the markets well before investing. People Lend ensures that both investors and borrowers are thoroughly scanned before allowing access to the portal. All you have to do is register as an investor, fill up an online application form, submit scanned copies of the documents and start offering loans to pre-verified borrowers.

Friday, August 24, 2018

3 Steps You Should Take to Improve Your Finances and Life

3 Steps You Should Take to Improve Your Finances and Life

Not everybody has the same orientation when it comes to money. While some people happen to be masters of their money, others don’t place too much emphasis on how they spent their money. However, the reality is that money has a major impact on your quality of life. It sometimes determines the options you have, what you have access to, and also how flexible you can be in some cases. For this reason, if you want to improve your life, working on your finances should definitely be a part of your overall plan. This article is going to help you by suggesting three steps you should take if you want to improve your finances and life.

Set Financial Goals
If you want to improve your finances and life, it’s key that you first understand why you want to do so in the first place. For this reason, it may be a good idea to set financial goals which outline what you want to achieve and how you can achieve it. You may decide that you want to pay off all of your debt and improve your credit score within the next five years. On the other hand, you may want to work towards saving for your child’s university fees, so they never have to take out student loans. Likewise, if you wanted to set financial goals for a retirement plan, then you’d need to work out a retirement income plan, get advice and consider a financial planner. Once you’re able to set these goals, you have a direction which should help you moving forward.

Be Open to Investing
Many people are scared of the stock market, and this is because they either don’t understand it or are afraid of losing their money. However, you should know that investing is one of the smartest ways to improve your finances, especially if you’re open to gradual financial growth. Although there is risk involved, there are investments that you can take that have lower returns but less risk if that’s what you’re after. You should take time out to learn about the stock market and how it works. You can look for online resources, read stock market books for beginners, or watch videos to help increase your knowledge.

Stop Impulse Spending
Impulse spending is usually the enemy of progress when it comes to finances. You should, therefore, think about reviewing your expenses for the past few months and then creating a realistic budget for yourself. Some ways to stop spending include clearing your debt, not spending more than you earn, prioritising your expenses, determining whether you truly need something before buying it and planning your meals, so you don’t overspend on food.

Improving your finances doesn’t mean that you have to aspire to become a millionaire, but it just means being more in control of your life and money. It means having the resources and flexibility you need to make a better life for yourself and your family. In the same respect, it could also mean having the ability to buy the things you like, visit different countries or eat at your favourite restaurant. Ultimately, by improving your finances, you increase your chances of living life on your own terms.
Ten things every grown-up should know

Ten things every grown-up should know

things every grown up
Source :  Inc.com
Being an adult is, quite simply, so much harder than you could ever have imagined when you were a child wishing you could just grow up already! Now you are no longer under the protective wings of your parents, you are expected to be competent in all manner of different areas. From handling your own finances to juggling parenthood and a career and everything in between, read our list of ten things every grown-up should know and see just how much you have left to learn about being a successful adult!

1. How to be healthy
Careful not to spit out your fries as you laugh at this suggestion. Right now you are probably still in that stage of believing yourself immortal and laughing heartily at the thought that the latest Big Mac and fries will make any difference to your physique, but in a few years’ time, you could be in for quite a shock. If you don’t invest in your health right now, you could face a myriad of difficulties in the years to come. You may think it’s absolutely fantastic that now you have moved out of the family home and away from the constant scrutiny of the parental gaze, you can choose to eat pizza for breakfast lunch and dinner, but your body won’t thank you for it. As an adult, you should accept that you need to take steps to maintain your health and this includes eating fruit and vegetables and exercising every single day. Staying healthy also includes monitoring your mental health. If you think you may be feeling emotions that are impacting on your life, see a doctor.

2. Do your taxes
Being an adult is hard; being an adult in prison is even harder. Know how to calculate and file your taxes, and if you can’t get to grips with it, hire a professional who can.

3. DIY
Who are you going call if your faucets start to leak, a bookshelf falls down, or the toilet becomes blocked? By all means, call a plumber or a handyman, but do you have the finances to do this every time something goes wrong? Basic DIY skills are a must for any adult so get watching those YouTube tutorials before something has the chance to go wrong.

4. How to change a tire
If you own a car and have no clue how to change a tire, you need to get on top of this ASAP! A flat on a deserted road is no laughing matter, so get practicing in preparation for the real thing.

5. What constitutes a legitimate loan
Ideally, you will go through your life never needing to take out or a loan or use a credit card. The reality is that you will probably have both a credit card and a loan at some point in your adult life. The trick is to ask yourself, is this lender legit before signing any contracts binding you to interest rates you can’t afford. If you intend to take out a loan, research lenders very carefully and always read the small print.

6. Buy your own clothes
Becoming an adult means it’s time to get your own sense of fashion rather than relying on the convenience of mom picking up some outfits for you. Take the time to experiment with the variety of styles available to develop a unique look which truly makes you feel confident and comfortable in your own skin.

7. Read a map
GPS is amazing; there is no doubting that, but you need to be able to cope in the rare, but possible, situation that you may not have any modern technology to help you find your way around when you are lost. Maps aren’t actually all that complicated and sure, you’ll have to do the work yourself rather than relying on a helpful voice, but you can be proud of yourself afterward.

8. Cook
Cooking well is not only impressive, but it is also great for your health. Knowing exactly what is going into your meals rather than not giving a care as you dial for a Chinese for the third time this week is an important part of growing up. If you are lucky you will have been taught to cook by your parents, but, if you are clueless how to make a cake, a pie, or a few healthy side dishes, you may want to consider getting a recipe book or watching a few online cooking tutorials.

9. Being drunk is not cool
You are not in college anymore and partying until dawn and waking up with the mother of all hangovers should be a thing of the past once you enter your 20s. Not only is excess drinking perilous for your health, but it can also make you do and say things that you wouldn’t when sober. Put the days of waking up worrying about what happened last night behind you and appreciate drinking in moderation.

10. Be nice
Simple, but ever so important, being nice should be something you truly aim to be. Leave childish pranks and gossiping behind you and reveal what a mature, respectable adult you can be by treating everyone with respect. If people are willing to gossip with you, chances are they are going to gossip about you so if you find yourself being dragged into a negative conversation about people you know, be honest and say gossip is not for you. Open doors, help people with their bags and let that customer with just a few items go before you at the grocery store. It’s a cliché but being nice costs nothing and it can make you and the person you are nice to feel all warm and fuzzy inside.

Make adulthood so much easier by knowing what you need to do to “grow up.” These ten essential things every grown-up should know could help you ease into adulthood with minimum fuss. Give out tips ago, and who knows, you may even enjoy it!

Wednesday, July 11, 2018

Everything You Need To Know About Forex Trading Demo Accounts

Everything You Need To Know About Forex Trading Demo Accounts


First and foremost, not everyone is going to fully fathom the ins and outs of forex trading. While you may understand the basics of currency pairing and how they operate, nothing beats testing your knowledge by trading in a risk free environment. With this in mind, you should know that most Forex Brokers give you access to something known as a forex trading demo account.

Rakuten traders allows you to open one of these in a matter of minutes. Once you have you’ve registered as a new Rakuten trader you can now start placing trades in a real money environment but with a supply of forex demo trading credits. Profits made when using a demo account are not yours to keep since they are paid out through additional demo credits. However, the one advantage of having this type of account is that you’ll never risk losing your own money while you try to master the online trading environment.

The basics of forex trading demo accounts
Even though demo accounts are very normal, they cannot be used as real accounts. For instance, you can use your Rakuten demo account to play an online game which you can lose or win multiple games. Regardless of the outcome, nothing will impact the card or the cash account associated online with the particular game. This is because, a demo account is just provided for users just for practice and to understand how to use it when real money is involved.

Forex trading demo account
Ratuken traders provide users with a demo accounts for forex trading. Since they provide you with access to the live site which has real data it allows you to practice and get better at forex trading. Get to enjoy multiple benefits by using a forex trading demo account. Some of them include:

• Since demo accounts are for practice you never gain or lose anything

• You get a more clear understanding of the strategies used in forex trading

• You experience the transition of real data as well as the live speed and pace at which changes in forex trading occur

• You get to understand the mechanism behind forex trading

Features of demo trading accounts

Forex trading demo accounts have a few remarkable features which come appreciated as real forex trading accounts. Some of the features include:

• Trading online throughout 24 hours and 5 days of the week

• Buying and selling prices at real live values

• Bulk virtual money is credited in forex trading demo accounts

Although this type of accounts tend to inherit the features and abilities of replicating in the real markets, sometimes they operate in an environment that is 100% simulated. This is why there will always be major differences that differentiate them from real forex trading accounts.

How to pick the right forex broker
Shopping around will allow you to actually compare what is being offered by each forex broker. This will enable you to pick the one that will provide you with a fully tailored service. You should know that different traders have their own demands and wants. This is where you are advised to take a step back and go through each of the benefits and unique features being offered to you by different brokers. Here are some of the things you should look for in a forex trading broker:

• High level security – this is the first and foremost character that a good broker must have
• Ability to deposit and withdraw
• Affordable rates of transaction
• A stable and user friendly trading platform
• Good customer service – a broker that can be easily contacted when problems arise

It is important that you open a forex trading demo account before diving headfirst into the world of currency trading because it will help you familiarize with the concepts involved in foreign exchange. With that in mind, ensure that once you have thoroughly gone through this guide, you make use of Rakuten forex traders by opening a demo account with them.