Forex Trading Mistakes to Watch for

Forex trading has proven to be a very accessible money making formula for many people, since you don’t need a lot of money to start trading, but success is not that easy to attain. While there are many Forex investors who are earning a very good living, a lot of traders still cannot seem to be making money. Here are the biggest Forex trading mistakes you need to avoid, in order to start making a solid profit You jump into the real Forex trading too soon There are countless websites and apps that allow you to ‘play’ trading. They offer a starting bonus and you can start testing various strategies, see how it all works etc. Although given this chance to not trade their own money, a lot of beginner Forex investors just get bored and give up their test accounts way too soon. As you can guess, their lack of experience soon starts to show and they lose money fast. Their own money. This is why we advise you to keep your test account for as much as possible. Are you still not convinced you are having good results? No worries, move into another similar site/app and create another test account. Test trade for as much as you feel comfortable, until you see some good returns. Only when you are starting to earn money or at least not lose too fast, you are ready to start trading for real. You don’t read enough The moment you embark on a new journey, it’s imperative that you get as educated as possible. Read books, follow some great forex investing blogs, watch trading videos, become a member in a good Forex forum. The more information you can amass, the bigger are your chances to become successful with Forex trading. It might seem […]

Real Estate Investing for Retirement: The pros and cons

As people think about ways to generate income (others than just having a job), real estate investing has started to prove a very lucrative options for many. Hence the renewed interest in commercial or residential properties that can be used to generate more money. Investing in real estate is clearly not cheap and far from simple, but it can bring in some amazing results, if done right. Let’s try and see which are the main pros and cons of investing in real estate: The pros of investing in real estate You have full control over your investment When you are investing in stocks or Forex for instance, you have little control over the ‘object’ of your investment. But, when you own a property .. well, you own it. Investing in stock for instance means you own a bit from the company and have nothing to say about how it should be managed. It’s different with real estate, since you’ll call the shots from the day you own it. This allows you to make repairs, better promote and get the best deals possible. You get insurance for your investment Another perk of real estate investing is that the property comes with a homeowner’s insurance or landlord insurance, whatever option you choose for your property. Should anything go wrong, at least you are being covered and your property won’t suffer devaluation after an accident. Even if the market value shifts, your equity is still there. More difficult to be defrauded When it comes to stocks, the chances to be defrauded are bigger than when you invest in real estate. It’s very simple to keep scammers at bay, by physically showing up to inspect the property, run background checks, assess the property before you invest in it. With stock – you have to […]

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