Money in your wallet

Money and finance

We all need money in our wallet,the more money the better.Money is very important for personal finance.But what are some items to not have in your wallet?
Yes most of them are bad ideas to keep in your wallet like checks,passwords and especially multiple credit cards.Have one credit card,in most cases it is enough to pay any bills or purchases.Although plastic money is too expensive and dangerous for personal finance if it goes out of control.

Online trading and money making expectations

Online trading and money making expectations are too important

If you trade online to make money online then do you have expectations?A plan when to take your profits and make money or when to cut losses and just lose money?Watching the capital markets and financial markets online to set up trades daily is both challenging and difficult.You get tired watching the screen,unless you know what to look for.The trade that will bring you closer to your financial and investing goals.For the day.Tomorrow is another whole different day for the capital markets and your new money making goals and desires.

5 steps plan to trade online the forex market and stock market daily

Money and financial markets online trading

There are no stupid trades, trading is risky with no guarantees of success and profits.Simplicity in online trading is one of the most effective financial advice that a trader, financial analyst can apply.A daily trading plan need not be too complicated to confront financial markets opportunities

There are many steps to a daily trading plan. But simplicity is one of the best advice to apply in online trading. Here are 5 steps that I personally apply to my trading and financial analysis for stock market and forex market.
1.Read latest fundamental and economic news, and daily calendar with news releases that may cause volatility and significant price action.
2.Form your own objective view based on your analysis and arguments about what side of the market will you open any positions, long and bullish or short and bearish. Be an independent thinker.
3.Set up your trades with well-established levels of profit, loss and open or close positions if they meet any of your risk/reward criteria. If not any good trade setups appear it is ok to pass on and do not trade at all.
4.Have a positive mood and state of mind, affirmations can help a lot on that, think of success only.
5. Apply your risk management plan and review at the end of day your performance appraisal and attribution. Even if you made a loss as long as it was within your defined risks limits and not an excessive one, it is not a failure.

Finally remember that stock market and forex market are both risky and to make money consistency is very important as great risk management is also. One month of great profitability is not enough to make you a great trader, financial analyst or portfolio manager. Same rule applies to a month of losses. It is the long run performance that matters in online trading, and statistics are not always indicative of whole truth.

Avoiding large drawdowns in returns is both challenging and tough to achieve. But at the end numbers only matter, and effort or time spent plus stress that was felt to achieve those numbers are ignored.

Have a daily positive attitude for facing the financial markets, each day is almost unique, this makes them exciting and do not set boundaries, then just apply your trading plan and be satisfied and happy you approached trading as an investment professional.

Best ira accounts to consider

Money and personal finance

Best ira accounts can help you make smarter financial decisions.When managing your money and personal finance take time to make a research,choose wisely what are best financial solutions.Best ira accounts can be a guide to help choose the account with best benefits and features that will help you reach or achieve your financial goals.

Funny money lessons from a cat

Money and personal finance

Funny money lessons from a cat.Ok can a cat teach money lessons or money skills?A very interesting article combined with a pet project idea.At any time personal finance is important.From investing to spending and daily financial decisions.And fresh ideas,funny or not can really add a new perspective on how we spend and invest our money and wealth.

Money and a new housing venture

Money and real estate

Real estate can be a making money business or a very risky venture.There are no guarantees that investing in real estate will make money.Risk and capital invested are very big.But there are always new financial or investing ideas.What if you could make money with your home and invest it in another financial market?

For now this financial idea needs a lot of due diligence.Ideas are mainly free,results in terms of profits are not.Diversification is always a good thing in investing.But what if this idea is just another investment that is not suitable for everyone?Do not get carried away,make your own investment policy statement.Or with the help of a financial professional.

How to get out of debt

Money and debt

Debt and money are common features for a lot of people.Debt can be productive if used for knowledge,education or business lending and expansion.In either way someday it is necessary to get rid of debt.Compounding of interest is working against paying off debt.So the only choice is simple.Spend less and pay more than minimum monthly payment,if possible every month.Even if you must reduce consuming other goods,personal finance is a very important aspect.So get out of debt as quick as possible.This will save both money and capital,income to be used effectively such as investing.