Money and Black Friday
A lot of money was spent on Black Friday.As shopping offers,shopping discounts and great shopping deals were almost all over people rushed to buy goods and products or services at a huge discount and save money.This is smart and wise.But as there is always a financial decision did you make any research before just buying anything?Did you really need the new tv,smartphone or whatever else?And did you add more debt to your financial budget,even at a discount if you paid via plastic money,a credit card?
Money,online money or internet money is nice,but we must think on overall financial decisions and results.
Otherwise money on the internet via online shopping just is a transfer from consumers to merchants.
Money can impress people most of the times
Money can impress people almost always.The more money someone has,the more options exist.But more money,wealth,capital does not mean automatically more appreciation.It could.Not always.People who never make a lot of money during their whole lives does not mean that they should be respected less than millionaires or even billionaires.Money is a great asset when properly used,but does not buy all things in real life or business.
Money in the stock market
Money can come and go very easily at the stock market.Take the following stock market chart for example with mentioned DryShips, Inc.(NASDAQ:DRYS) stock.Yes the shipping industry has financial problems for many years but this stock activity is very strange.A spike in volume and price could make a lot of money but recently the stock has lost almost 88% of this high price of about $100 per share.This is not investing,it is gambling.And money can come and go very quickly.To make money in the stock market you need a solid investing and risk management plan.This speculative move did not last long,but could have made a lot of money in a very short time if someone could jump early in the rally.
Money and finance
Why do forecasts fail and how to make money with it?
It is rather simple, you cannot predict any event with 100% accuracy.If we could we would all have tons of money from investing or trading the financial markets.Recent US election result proved it.
What is also interesting is the speed and urge of money.How much money is really enough?
The capital and financial markets reacted with a lot of volatility this first day of US election result.A lot of money was made and lost as volatility is bot good and bad for sound money management.
Money and finance
India made an important money decision today.To withdraw some banknotes to fight corruption.It is a bold money decision.Will it have positive financial effect?Time is needed to evaluate this business and financial decision.Money brings a lot of good stuff but also a lot of dangers.
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 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.
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.
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.
Money and finance
Recent crude oil rally above $50 per barrel means we must spend more money for transport.If high oil prices remain then consumers will see again probably higher inflation and gasoline prices and make another budget for personal finance reasons.