Never underestimate yourself as a trader

People have the habit to always compare themselves with the other trades. It is wrong and you do not know what your future has in stock. Sometimes you may feel that you are not worthy of your investment and you should do what other people are doing. This is the one thing you should never do in Forex. You may lose all your money, you may lose all your profit that you have made but never ever underestimate yourself. You do not know the talents that are hidden in your character. You only need to let it out in the open and nature will do the rest. People always think the other people are right, they can take the right decisions.

They are afraid of themselves and do not do anything because they are scared of the market trends. Just believe in yourself and step your feet on the industry, you will find this trading is not as hard as you thought. You can also make money consistently if you want. Every trade has fair chances if they start trading with their quality and talents. This underestimating is very harmful and this article will tell you why you are the best that you have got. Professionals will only help you to a certain level but you have to make your decisions when they go away. It is your talents that are going to help you but if you do not believe it first, we cannot help you.[Continue Reading…]

Types of workplace and company pension schemes

An occupational scheme (often called a company pension scheme or superannuation scheme) is usually the best way to save for retirement, because your employer adds to your savings.

Pension schemes through your work

If the firm you work for has five or more employees, it must offer some kind of pension scheme that you can join. This could be:

  • An occupational scheme (company pension scheme or superannuation scheme). This is run by your employer who must pay into the scheme on your behalf. You usually have to pay in too. When you leave the employer, all the contributions stop, but you keep the pension you have built up so far. This will generally be a final salary scheme, career average scheme or money purchase scheme.
  • A group personal pension (GPP). This is run by an insurance company or other provider. Usually your employer pays in 3 per cent of your pay on your behalf. You choose how much extra you want to contribute. When you leave your job, your employer’s contributions stop, but the scheme stays with you and you can carry on paying into it. All GPPs are money purchase schemes.
  • A stakeholder pension scheme. This is usually run by an insurance company. Your employer does not have to pay in anything on your behalf. You choose how much you want to contribute. When you leave your job, the scheme stays with you and you can carry on paying into it. A stakeholder pension scheme is always a money purchase scheme.

In future, even small employers will have to enrol most of their employees into a workplace pension scheme under new automatic-enrolment rules. These rules took effect between 2012 and 2016, depending on the size of your employer’s workforce, with larger employers coming on board first.[Continue Reading…]

Why is US dollar traded most in Forex?

Many people think why our dollar is traded most in the Forex market. There are lots of other currency in the world and you will be surprised to see that one currency is dominating the world. When there are major and minor currencies in Forex, there are many other currencies that are not traded on the market as like the US dollar. If you have not known, this one currency dominates more than 80% in the global Forex transaction and this Us dollar is also one of the strongest currency in the world.  This article will tell you why this one currency is traded most in the world and if you can get any advantage if you are trading with the US dollar.

Before you dig into more details we are going to give you some amazing piece of information. Peoples in the United Kingdom are getting involved in spread betting very fast. Most of the professional brokerage firms are offering high leverage trading accounts to their clients. So if you can trade the market with the extreme level of precision then you can make a huge amount of money. But mastering the art of trading is not all easy. You have to learn all the basic details of this market from the scratch.[Continue Reading…]

Why the expert consider trading as their business

Why do we have to think like the businessman? Why can’t we think of someone else? Well, the main reason why the traders in the United Kingdom are succeeding because they trade like a businessman. They consider trading as running a business. Most of the naïve traders assume trading as a simple thing and they try to trade it as they want without having any proper idea. They don’t even consider it as a business because they just want to make money nothing else. They consider the financial market like a casino so they end up being like gamblers who are addicted to trading in spite of earning losses.

They trade without analyzing the risks involved because they don’t because they are lazy to do it. If their intention was to become successful they would not have treated trading as a simple thing but their intention was to earn money as much as possible. If you want to become a successful trader you should think like a businessman. You should also understand that there will cost of running a business likewise; there are costs for trading as well. There are many ways to earn from trading so you should learn it thoroughly to become successful. More than anything you should have the intention to become successful in trading.[Continue Reading…]

The lowdown on robo-investment

There is a lot of hype about robo-investing; that is to say, handing control of your savings over to a robo-advisor, who will then invest it on your behalf. On the surface, it does sound a little crazy. Why would you relinquish control of your cash in the first place, and why to a robo-machine? We intend to get behind the hype and give you the low-down, the pros and cons of robo-investing.

Robo-investing doesn’t have anything to do with robots of course. It’s just a fancy name to grab your imagination. What it really is, is a set of specially created algorithms that financial advisors use to suggest what stocks and shares etc. would make for a good investment portfolio.

It’s all in the algorithms

If you’re an internal-savvy person, you will have no doubt heard about algorithms in conjunction with Google. They use them to police online activity and grade websites. Robo investors use similar algorithms, but created for the express purpose of spotting good investment opportunities.

Robo-advisors first appeared on the scene back in 2008. Yes, that’s right – the year of the global financial meltdown. They were originally algorithms that were conceived in order to realign invested assets in target-date funds, to allow investors to have a new, online platform.

Before 2008, this type of software, or set of algorithms, was only available to financial advisors who used it to manage their investments. During 2008 however, these robo-algorithms became available for use directly by the individual investor through robo-advisors.

Today, it is businesses the likes of Black Diamond, Envestnet, and Orion, who make this software specifically for IFAs. Each IFA has its own specific concoction of algorithms.

The cons of using a traditional robo-advisor

A traditional robo-advisor is one which only offers a robo interface to its clients. Everything is fully automated, and there are plenty of reasons why many people are nervous about trusting in this sort of investment.

  • Your investment portfolio, once created cannot be changed
  • There is absolutely no human interface
  • After your application is complete, you have no influence on anything
  • You are no more than another name on a traditional robo-advisors client list

The whole concept of working with a traditional robo-advisor comes from the angle that you do not want any contact with your advisor and that you don’t want to get involved in any way with the performance of your investment. If this is you, then a traditional robo-advisor works fine.[Continue Reading…]

Some common misconceptions among the new traders

People are amazing in nature. Once they decide that they will do something it’s really hard to change their decision. Similarly, when it comes to trading this very human nature causes huge loss to the traders. Some even consider trading as one of the most dangerous profession since the success rate is too low. According to the researchers, only 5 percent of the traders are making money. So by seeing the data, you should understand that how competitive the trading world is for the new trader. However, once you develop a solid trading strategy and gain enough experience you can easily make a huge amount of money. But most of the retail traders fail to train themselves in the perfect way due to some common misconceptions. Today we will focus on the most popular misconception prevailing among the rookie traders.

forex trading

Trading more is the only way to earn more

The new traders in the financial industry often think that the more they will trade the better chance they have to make money. In the United Kingdom, the professional traders completely disagree with such a conception prevailing among the novice traders. In their point of view, the only way to make a huge amount of money is by trading less. According to them, the full-time currency traders should only focus on high-quality trade execution and they should do their technical analysis in the higher time frame. When you trade in the larger time frame then you can easily get a clear overview of the market. Most importantly if you use the smaller time frame then you will have to deal with lots of false spike and trading signals. If you are not experienced enough then this false spike even blow your entire trading account. So focus on quality trade setup and trade with discipline. Overtrading is not a bad thing only rather it is one of the most deadly mistakes in the investment world.[Continue Reading…]

Don’t Dismiss Personal Financial Planning

With so many daily demands pulling at your personal finances, it is sometimes hard to step back, taking-in the big picture.  Yet despite the importance of addressing immediate needs, it is nonetheless vital to account for your long-range financial vision, in addition to day-to-day concerns.

Financial planning serves several essential functions, helping you manage income and cash flow, without losing sight of your monetary goals.  Valuable for reaching milestones visible on the immediate horizon, as well as financial matters impacting your distant future, effective planning is an essential feature of comprehensive financial management.

Financial Forecasting Keeps you Focused

Preparing for your financial future keeps you moving toward your goals.  That’s not to say you’ll always steer clear of unexpected events you didn’t plan for, but taking a proactive approach gives you a better chance of achieving your personal financial priorities.  Some milestones to consider as your financial plans come-together include the following:

Home Ownership – Home ownership isn’t for everyone.  Not only does owning a house call for substantial financial investment, but maintaining and improving residential property can feel like a full-time job.  There are financial benefits to buying, as opposed to renting, including tax breaks and equity you build as property values increase and payments reduce outstanding principal. But if you are not committed to the idea of owning a house, you’re financial plans should reflect it.  On the other hand, if it is a family priority, you should start planning for a house purchase as soon as you are able.

Personal Financial Planning

Once committed to buying a house, saving for a down payment is your first order of business.  A dedicated savings account, cut-off from your general financial flow, is a good spot to accumulate funds for a house down payment.  Before looking at homes, consult with a banker and learn about loans online.  Not only does the process reinforce your understanding about lending and economics, but exploring finance options ahead of time also defines spending limits, illustrating exactly what you can afford.

Family Holidays – Although financial planning is often associated with long-range goals and big-ticket buys, preparing in advance also helps firm-up funding for less lofty goals.  Family travel and holidays, for instance, can sneak up on your budget, leaving you short of money when you need it most.  A savings plan ensures you have resources available for travel or holiday entertaining, enabling you to pay as you go, rather than amassing deep holiday debt.[Continue Reading…]

Which area of the UK is best at saving?

Check out the infographic below to find out which regions are saving most when it comes to pensions. The infographic is provided by True Potential.

Understanding Forex Trading Signals and how they work

One thing that you need to be conscious of when you are engaged in trading on the foreign exchange market is that there are two vital components necessary from the very beginning — a combination of a well-formulated winning equity management strategy and a well-planned trading system. The absence of any of these two factors will ultimately spell disaster for the trader or investor. Another vital feature is that you need to have access to what are called “signals.”

Basically, signals are electronically transferred bits of information that you can opt to receive via text or e-mail on your laptop or PC, as well as your cellular phone. The major benefit here is that no matter where you are, you can receive this critically needed information. Another huge benefit of becoming a member of this trading system is that you also have daily access to video updates about the market and the direction of various currencies.

Forex Signals

Being a very complex market that spans across so many countries, it is very difficult to get a handle on it as trends change very fast. It is, therefore, very important to understand the strategies that can help you succeed in this market and one of those strategies involves having a reliable forex signal service.

As mentioned above, forex signals is an automated notification system that informs the trader to sell or buy a given currency pair based on various strategies, trends, and calculations. Forex trading signals are more like taking a continuous guidance from a group of highly experienced and successful forex traders, in an ongoing way. Generally, the trading signals usually indicate good exit and entry point. The receiver can set up their account based on those points in the signal and get on with their work. [Continue Reading…]