Category: General Articles

This is for the people who are interested in delving into online gold trading. While there are many experts who have shared diverse information about how to approach the business, the information outlined in this article could be the final life saver. At the same time, it could apply to any market in general. For instance, as a beginner, you could be looking forward to joining online trading but with a major focus on gold. Here is what you need to know;

Facts about Gold Trading

When it comes to online trading, there are plenty of financial instruments to look at. Some of them include currency pairs and gold. Because gold always maintains its original value even in instances of turbulent economic situations, traders prefer it over other financial instruments. To them, gold is a safe haven and must be given priority. Besides, online gold trading is one of the easiest and cheapest forms of trading. It is also very easy to make hefty profits through this method of trading. Perhaps to be successful in this choice of trading, you should always remember the following points and practice them. Invest MIB

Buy Small Portions

Naturally, gold is considered one of the safest havens in online trading. Even though this is true, its price can be somewhat volatile. Therefore, while making the decision to delve in, you should consider investing about 5% of your total portfolio in this financial investment. Perhaps you should think of it like a way towards diversifying your portfolio in that if an investment fails to register excellent performance, you will always have a backup plan.

Conduct Technical Analysis

Technical analysis is one major trading tool utilized to evaluate securities alongside identifying trading opportunities. It is also used to analyze statistics collected from various trading activities including price movement and volume. If you want to trade in gold, consider using this tool to forecast the viability of the business including the safety precautions you need to impose for you to succeed.

Practice, Practice, Practice

You have heard of the adage that practice makes perfect. Well, trading gold online may sound easy and sure for most traders. However, like any other business, it calls for consistency and resilience in order for someone to succeed. Therefore, you must practice through demo trading accounts. In fact, this should be the first step you take immediately you join the online gold trading platform. If you need to dive into the trading waters for the first time, understand that it is valuable to practice through the demo because it will enable you to acquire gold trading experience alongside increasing your confidence.

Be Updated

In combination with practicing often, watch the recent forex news. This will enable you to be updated on a number of factors including Gross Domestic Product and various interest rates related to online gold trading. What’s more, understanding these aspects allow you to gain clear understanding on price movements. As such, you will be in a position to refine your dockets and invest in strategic trading decisions.

The General Advice and Observation

The popularity of online gold trading has never declined at least for the two past decades. However, with the evolving currency market, it is critically important to familiarize yourself with major trading platforms and the possible volatility of the market. As such, …

Beginning any kind of new business is a massive step to take. It’s a step that often involves blood, sweat and tears. It’s a step that requires a substantial time commitment, too. There’s one factor that can often make things even more challenging as well. That’s beginning a family business. If you’re thinking about going into business with members of your family, you should assess the advantages and the drawbacks in advance.

Running a business with relatives often requires the participation of the whole family. This can get messy at times, too. The last thing you want is to make anyone feel left out. If you want to avoid fights and tension, it can help to try to give all members their own specific roles and responsibilities. This doesn’t always work out well, though. Some people might not be cut out to take part in any kind of serious business undertaking.

Working alongside your family members comes with a degree of comfort. That’s one of the best things about it. People often aren’t as afraid to be straightforward and truthful with their family members. They in many cases don’t think twice about saying the things they truly feel. This can eliminate a lot of guesswork and frustration.

Combining business and family affairs can sometimes be problematic. It in many ways is similar to blending work and pleasure. If you have any concerns that relate to work-life balance, you should think cautiously before going into business with people who are part of your family. Ask yourself honestly if you want to have to think about work during holiday events with your family members. Ask yourself if you’re okay with the idea of your family members knowing about all of your daily work activities. If you are, then you may be a good candidate for going into business with your family. There are many people who are fine sharing everything with their family members. There are others who are a bit more private, too.

Business success entails many different things. Things are no different for businesses that are run by families. Businesses that want to do well need to take marketing campaigns into consideration. They often benefit from recruiting the assistance of professional digital marketing firms. These companies can assist them with website design, website development, SEO (search engine optimization) techniques, online reputation management, social media, PPC (pay per click) advertising and so much more. Taking care of marketing and promotional efforts can be a big responsibility. If you run a monetized family blog for example, you can use WordPress plugins for Ecommerce to sell products seamlessly. It can be fun to handle these things with trusted members of your family, however. If you’re the kind of person who likes bonding and connecting with your family members, then going into business with them may actually be something that energizes and motivates you day in and day out.

Budgeting is yet another factor people have to consider prior to going into business. It may be smart to give a specific family member the accountant role. You may have a sibling or a cousin who has always been good with math and with numbers in general. He or she may be the best fit to serve as the accountant. Since family members know each other extremely well, they often …

Entrepreneurship is great. You can work from anywhere, have a flexible schedule, and travel the world. But what if you don’t have a business idea?

I have good news for you. You don’t need an original idea to make a living. There are plenty of proven business models out there. Why not just pick one and go with it?

I suggest you to start with print-on-demand t-shirts. Yes, you’ll face a lot of competition, but there will always be a need for cool clothes. So why not start your own print-on-demand t-shirt business?

Here’s how you can do that in 5 easy steps…
 Photo by Parker Burchfield on Unsplash

 #1 Identify your target audience

Are you an artistic person? Chances are you got into print-on-demand t-shirts because you are good at drawing. It would be pretty cool to get paid to create beautiful designs, right?

However, it’s important to understand that you are running a business now, which means that you have to stop thinking like an artist and start thinking like an entrepreneur. What is the difference between the two?

An artist thinks about what he wants to create, meanwhile, an entrepreneur thinks what his customers want. But do you even know who your customers are?

Creating t-shirts for everyone is a mistake. The more you narrow down your target audience, the easier time you will have selling to them. So make sure that you know who your target audience is before you start working on those designs!

 #2 Create great t-shirt designs

 You might be tempted to approach creating your t-shirt designs the same way you approach recreational drawing. Come up with an idea, do a quick sketch, and be done with it. However, this approach doesn’t work if you want to actually sell your designs… So start taking the creative work that you do seriously.

First, brainstorm as many design concepts as you can, and write them all down. While you are doing this, keep your customers in mind at all times, because they are the ones who will be buying your t-shirts. Once you have enough design concepts written down go through all of them and pick the best ones.

Then, work on the designs themselves.. Don’t be afraid to go through several iterations of the same concept. Does the idea, the composition, and the colours all work together? Look for the ways you can improve each design. Really push yourself to produce the best work that you possibly can.

Finally, reach out to your potential customers and show them your designs. What do they like? What do they not like? Why? Gather that feedback and, if you need to, go back to the drawing board, until you get a positive response from your potential customers.

Photo by ian dooley on Unsplash

#3 Find a fullfillment company.

 Back in the day selling t-shirts meant that you had to order a bunch of them in advance, and hope that enough people will buy. Luckily, times have changed!

You can easily get into shopify t shirt printing with a company like Printify which will print the t-shirts and send them your customers for you (more information at https://printify.com/sell-on-shopify-print-on-demand/).

#4 Create your Shopify store.

 Once you have decided on your audience, created t-shirt designs, and chosen a print-on-demand fulfillment company, it’s time to …

If you’re living paycheck to paycheck, then you aren’t alone. Over two thirds of US citizens are in the same boat. Being in this position can leave you vulnerable if some unexpected expense were to crop up. This may keep you up at night wondering how you would be able to deal with a large expense or even the loss of your job. Here are some tips to help you break the cycle of barely making ends meet each month.

The first place to start is to create a budget. This may sound simpler than it is in reality. You may have heard this piece of advice before, and didn’t think that it was worth the effort. The key to creating a budget is to be realistic about your monthly expenses. Pull out your most expensive bills from each month and factor them into the equation. For example, your heating bill is likely higher in the winter. You need to budget this amount each month in order to be able to pay all of your bills.

What to do in the event of a financial emergency is another thing to address if living paycheck to paycheck. While tapping into savings is the first-step go-to, it’s not an option for everyone. If this is the case, avoid payday loan lenders and instead see what is a payday loan alternative available for your individual situation. It could be an installment loan with more reasonable repayment terms. Or, it could be borrowing from a friend or family member. Whatever the way, it’s important to take the repayment process seriously to avoid making an existing financial obstacle even bigger.

Identify any shortfalls. Ask yourself if there are ways that you can work to fill these gaps. You might be able to call your service provider and request a lower rate. Consider downgrading to a lower tier of cell phone plan or TV package. This can save you a little bit of money on your monthly expenses. There are also programs that can provide assistance if you’re struggling to pay your heating or electric bills. This would be a temporary solution until you were able to develop a more long-term fix.

Stop making unnecessary purchases. You may have to cancel or freeze your credit cards until you get a better handle on your financial situation. Make your own coffee in the mornings and pack your own lunch for work. You can save a significant amount of money each month just by looking at your spending habits. Decide if what you want to buy is really worth the extra expense. If it isn’t something that you’re going to be able to use more than once, it might not be worth the hit to your budget.

If you’re still struggling to make ends meet even after all of your changes, it may be time to consider earning more income on a monthly basis. Ask about the possibility of taking on extra responsibilities at work in order to get a pay raise. If you’re capped out at work, there may be other jobs that would be willing to pay you more money. You may even want to consider going back to school so that you can get a better job. Some people decide that taking on a second job is one way to …

Before taking on any debt, you should ask yourself whether you really understand the topic of debt, loans and credit. You should consider:

• Whether you are borrowing for the right reasons
• Whether you can afford to repay the loan
• Whether you have chosen the most appropriate form of borrowing

Reasons for borrowing

A recent ‘financial literacy’ survey of more than 18,000 customers of short-term lender Wonga South Africa showed that 83.7% of people would borrow to fund a house purchase, and that 58.6% would borrow to pay for the costs associated with going to university. 5% said they might borrow to pay for a holiday and 4.5% would consider loans to purchase gadgets, technology or fashion.

The first two are examples of what might be said to be ‘good’ debt, as the loan is taken out to fund some form of investment, on which you might expect a financial return. You might expect the value of your home to increase, and that you could earn more throughout your career as a result of having a university degree.

The last two are most certainly examples of ‘bad’ debt.

Repaying your debt

You should never take out a loan or other form of credit unless you are confident that you will be able to meet your repayment obligations. As a general rule, financial experts recommend that you don’t spend more than 35% of your net salary on debt repayments. However, everyone’s circumstances are different, and the cost of living can vary dramatically between different areas, so don’t use the 35% figure as a hard and fast rule. Instead, you should consider using a budget planner to work out exactly how much you are spending in various areas, and consequently how much you might have left to make debt repayments.

Additionally, don’t just focus on the amount you will need to repay each month. Consider also the total amount you would need to repay to clear the debt. If you repay your debt over a longer term, then you may be shocked as to exactly how much you would need to pay back in total.

Different forms of borrowing

There are many different ways you can borrow money – credit cards, overdrafts, personal loans, micro loans, secured loans etc. Before entering into a new debt commitment, consider which of these methods is most appropriate.

Some lenders use the ‘3Cs’ when deciding whether to lend money – capacity, character and collateral.

Capacity refers to whether you have the means repay the debt. A lender might want to know your occupation, how long you’ve worked there, and how much you earn. They will also ask about your expenses: how much do you spend each month on food, clothing, travel, utilities, communications and other areas.

Character is concerned with whether you are likely to repay the debt. Here lenders examine your credit history: how much you have borrowed in the past, and how often, and whether you have been able to maintain repayments on your previous credit commitments.

Collateral refers to the fact that lenders will ask for some form of security for some types of loan.

Image – https://www.dreamstime.com/stock-photo-understanding-interest-rates-words-surrounded-question-marks-image58936350…

Some steps you can learn and follow a short-term CFD strategy:

1. You should use simple tools but can be multifunctional

The point is you simply use the default tool only from the trading platform to be able to help perform technical analysis on CFD strategy. You do not need to look for a very complicated tool with the use of external plugins. In general, if the indicator is more complex are then the level of flexibility will also be lower.

The use of simple tools is better judged by comparison with complex ones. Because of the use can be tailored to a variety of market conditions. The CFD tool, for example, is the trend line for CFD trading. Almost all modern trading has the tools to draw trend line or line that is easy to be applied by the trader.

2. Use other indicators so you can clarify trading

In order for the trading signal to work more clearly, traders generally will utilize additional indicators can confirm at the opening level in an accurate position. The additional indicators should also be as simple as possible because if more and more buildup of the indicator is fed it will complicate the process of decision making.

An additional indicator is such as a Moving Average. You can use this indicator to get a trading signal by waiting until there is an intersection or crossover with the signal line.

3. Determine the limits on price movements using support and resistance

The trading signal will only give confirmation of entry point in order to open position. As for closing it, you should take advantage of other clues, such as support and resistance. These two lines will confirm where the restrictions on price movements, where the price is when it has touched the limit, so it is likely there will be a reversal price or reversal.

That is the discussion of short-term CFDs. A forex trader does not hurt to know more about the short-term CFD trading strategy in order to get a greater profit opportunity.…

Have you ever heard of Bitcoin? In Indonesia itself there are some circles or people who do not understand about bitcoin. Perhaps many of you have heard the word bitcoin but do not understand the bitcoin itself. This time we will give a little review about the phenomenal bitcoin among surfers of cyberspace. You should also read the DavorCoin Review.

Bitcoin is a virtual currency developed since 2009 ago. This virtual currency was developed by someone with the samara name Satoshi Nakamoto. From the name, you may think that he is a Japanese but until now not yet known who actually Satoshi Nakamoto this. This virtual currency, in general, has the same function with currencies such as dollars, dollars or yen. But bitcoin has limitations that can only be available in the digital world only. At first glance, you may think that bitcoin is similar to e-Gold, but both are not the same.

Some features of bitcoin are peer to peer instant transfers, transfers anywhere, transfer fees are very cheap, transactions are irreversible and anonymous, bitcoins are not controlled by government or agency and the amount of bitcoin in circulation is also limited. Another similar is DavorCoin.

One thing is for sure, you must have an internet connection if you want to transact using bitcoin. The mechanism, you must first install bitcoin applications on the PC, Laptop or gadget. Afterwards, you have to create a wallet inside the application and then you will get bitcoin address. To make a transfer you can do it very easily. Simply open the wallet app and enter the bitcoin address of the person you want to go to and also the number of bitcoins you want to transfer and send. Easy is not it?

To be honest this mechanism is similar to Paypal or Payoneer. The difference between bitcoins does not have companies or institutions that manage such as Paypal or Payoneer. Then what about transactions, financial data customers, and others? So, all the data contained in these bitcoin mechanisms will be stored into computers or gadgets owned by wallet owners as well as throughout the peer to peer bitcoin networks around the world. Bitcoin you also stored neatly in your PC or gadget. So, when there are wallet owners who make transactions then all computers or gadgets in the bitcoin network will verify the existing data so that no cheating happens.

Factors that make a lot of people start droves to buy and use bitcoin is a factor of privacy and high exchange rate. For the privacy factor, you as a wallet owner do not need to share your personal identity with third parties. As discussed earlier that the transaction using bitcoin is anonymous so you do not have to worry about privacy.

For the high exchange rate problem, the bitcoin actually has a fluctuating exchange rate. Where when demand is high then prices can soar and vice versa. In 2016 this bitcoin exchange rate ever touched the number Rp. 7.500.000,- while last year the exchange rate bitcoin only until the number Rp. 3.500.000, -. Bitcoin’s money circulation in Indonesia is still at the rate of 3-5 billion per day. In Indonesia itself currently per month September 2016, there are about 200,000 people who become bitcoin users. It’s still not as many users in other countries. …