The relative strength index (RSI) is a technical analysis tool that can be categorized as a momentum oscillator. The index tells you how quickly things have changed over a specific period. There are several ways you can use the RSI to help you enter or exit a trade. The RSI will show you when momentum is accelerating as well as when it is overdone. It can also identify periods when prices and momentum are diverging.

What is the RSI

The relative strength index was developed by J. Welles Wilder as a way of defining the rate of change. The RSI is calculated and then turned into an oscillator that fluctuates between zero and 100. The default parameter for the RSI evaluates the last 14-days but this can be altered to either increase or decrease sensitivity.

How to Use the RSI

The RSI in the chart of gold describes momentum and oscillates in a range that fluctuates between 1-100. When the RSI is trending higher, positive momentum is accelerating. The reverse is true when the RSI is falling and trending lower. The beauty of the RSI is that you can evaluate the movement in the price of an asset in conjunction with momentum when you chart it on a trading platform.

When prices are rising and the RSI is also rising, you should expect the trend to continue and accelerate. When prices are declining and the RSI is also declining, you should expect the downtrend to continue. A divergence occurs when the RSI is moving at one direction and prices are moving in another. Divergence is a yellow warning sign and tells you that the trend could be weakening. Another way a divergence can be measured is through trend lines.

During this period the price of gold was rising but in September, the RSI failed to rise to fresh highs in conjunction with prices. This downward trend, measured by the dashed trend line, shows that the trend in momentum (the RSI) is sliding. This tells you that although prices are rising, and the momentum behind the rally is losing steam.

Overbought and Oversold Readings

Another way to use the RSI is to look for periods when the RSI has reached an extreme level. Reading on the RSI above 70 is considered overbought while levels below 30 are considered oversold. The RSI can remain overbought or oversold for an extended period. When a market is trending, the RSI can continue to trend. A reading above 70 is providing a warning signal alerting you to be cautious. The same can be said when you experience a reading below 30.

Takeaway

The relative strength index is a momentum oscillator that describes the rate of change of prices. To calculate the RSI, you measure the change over a lookback period which has a default of 14-days. This default can be changed, and you can use different periods including, daily, weekly, monthly and intra-day data.

There are several ways to use the RSI as a tool that can help you trade the capital markets. The RSI is often used as an indicator that measures overbought and oversold readings. The RSI can remain overbought or oversold for an extended period when a trend is in place. In addition, the RSI is used as a momentum indicator that tells you if momentum is rising or falling. The RSI is also excellent in helping you spot periods of divergence when prices are moving one way, but momentum is moving in a different direction. The RSI is an excellent technical analysis tool to place in your trading arsenal.

Money. There never seems to be enough of it for the things we need. What’s worse is that Americans are increasingly unable and fearful about what they would do if an emergency expense hit them. 

Are you prepared if your car needed a major repair? What would happen if your refrigerator died or you’re unable to work due to an extended illness? 

Ordinary expenses are rising while paychecks are stretched thinner by the month. How are we to save for a rainy day when it’s hard enough keeping our heads above water when things are going well? Fear not! We have taken information from experts and compiled them into a collection of the best money-saving suggestions we’ve found. 

Debt and Savings in America

It isn’t news that incomes are stagnant while the cost of everything continues to rise. One only needs to look at their account balances for proof. Since 1960, average personal savings has decreased from 10 percent to 8 percent. 

 While savings are down, consumer debt has risen.

According to reporting from the New York Federal Reserve, consumer debt has risen to an all-time high of $4 trillion and rising. The biggest sources of debt are mortgages, auto loans, and student loans. 

However, it isn’t just the necessities like food, shelter, transportation, and education that make saving money more challenging. Credit card debt is breaking previous records over $800 billion, the former record in 2008. On average, credit card users state that they roll over $2,500 in credit card debt each month. 

You don’t want to be caught off-guard when the unexpected happens. Here are some ways that you can avoid becoming a statistic and save money for emergencies. 

5 Painless Ways to Save for an Emergency

 According to statistics, 28 percent of Americans don’t have any money saved for an emergency. The first step to creating a rainy day fund is to have a plan and a goal in mind. 

Evaluate Your Finances

If you haven’t made a budget yet, now is a good time to start. This will help you see exactly where your money is going and identify areas where you can cut back. You’ll also want to determine how much money you need to put into an emergency account. A general rule of thumb is to save at least three full months of living expenses. 

Use Your Budget as a Savings Guide

Once you know what your fixed and variable expenses and have identified areas where you can save money, create a category on your budget to account for your emergency fund. Many mobile banking apps will allow you to allocate a certain percentage or dollar amount and arrange an automatic deposit into a savings or money market account. Make sure to choose a bank or credit union that offers competitive rates and a range of investment/savings products. 

Estimate the amount you can save by certain milestones such as “Within Six Months” or “Yearly Savings Goals”. You can also use a 52-week savings plan to start saving with just a few dollars a week. Reconcile your budget, savings plan, and goals to create an action plan to reach your goals. 

Look for Other Ways to Save

Are you carrying a credit account with a high-interest rate? You can save money by consolidating your credit onto one low-interest card and leaving the higher interest account dormant. Don’t close any accounts, though, as this will lower your credit score. 

Pay off any smaller loans as soon as possible, and avoid taking on any unnecessary debt.

Increase the Funds in Your Account Whenever Possible

You can sink the cash you save from getting rid of that car loan or using credit cards with lower interest rates right into your account. Expecting a tax return? Put that into your rainy-day fund as well. The same goes with other financial windfalls, big or small. 

Make Savings a Priority

Use the business advice to “pay yourself first” to your advantage. Too many people see saving money as an afterthought. “I’ll put away whatever is left from my paycheck each week,” is a common mindset.

Rather than saving “when you have a little money left over”, determine a set amount that will help you reach your goal within the time that you set to reach it, and put that amount aside first before you spend another penny. 

 Follow these tips and before you know it, your money pool will be overflowing. 

Final Thoughts

Few of us have unlimited resources and a supply of cash on hand. However, that doesn’t mean that you can’t find ways to create and increase your rainy-day fund. By incorporating the above suggestions into your personal budgeting/savings plan, you’ll be better able to meet whatever challenges life throws your way.

Transitioning from being a college student to working full time can be tough for many people. Full-time work brings a whole new set of concerns and expenses, ranging from buying and maintaining a professional wardrobe, to choosing among retirement plan options and more. Add to that the fact that you may have more disposable income than you ever have before in your life, and you may suddenly find yourself struggling to keep up with your bills. There are a few things you can do to make sure this doesn’t happen.

Make a Budget:

It may sound boring, but it is critical to know what you are spending your money on as well as what the base amount you need is for such necessities as rent, food, utilities and transportation. You may want to do this on a piece of paper, a spreadsheet or with an app.

Use Automatic Savings:

The earlier you start to build your savings the better off you will be. To start, you should be putting away money for two different necessary accounts, an emergency fund and retirement. It is usually suggested that you put away three to six months’ worth of expenses in your emergency fund. This will depend in part on your tolerance for risk and the security of your job, but it is important to remember that no job is entirely secure. If your work offers a retirement plan, that money will be automatically deducted from your paycheck. You can do the same with your emergency savings, having a certain amount of your deposit diverted each month into that account.

Use Credit Wisely:

Some people might say you should not own or use credit cards, but this is not the case. Responsible use of credit cards helps you build up a credit record. They can save you money as well if you get credit cards that offer rewards. The key is responsible use. You should get into the habit of paying off your credit card monthly. You also shouldn’t have too many credit cards since even if you are not using them, it could affect your credit score.

Refinance Student Loans to Save Money:

You may be surprised to learn that you do not have to pay off your student loans at the original interest rate you agreed to. You may be able to refinance them and get repayment terms that are more favorable. You could choose a shorter term for repayment. This would actually mean that you pay more each month but save in the long run since you will pay the loan off sooner. If you are feeling pinched at the end of each month, you may want to choose a longer term that will lower your monthly payments.

Talk to Professionals:

No one goes out into the world knowing how to do these things. You might benefit from an appointment with a financial planner or another financial professional to discuss budgeting, investments and how to reach your future goals. For example, do you want to buy a house within a few years? Do you dream of early retirement? A professional can help you achieve those goals.

A fixed-income fund is a type of investment that offers regular returns. Many people in Australia consider fixed income as less risky compared to stocks since investors will have an idea what the rate of return is, without having to worry if the values in the market fall or fluctuate.

In this type of investment, the funds get invested in different kinds of assets, depending on the existing fund policy. A fund manager will manage all the money, including what you’ve invested, to grow the fund. That said, the fixed income fund is ideal for those who are relatively new to investments and prefer a low-risk option.

Here are the things that you need to know if you’re planning to invest in fixed income funds in Australia.

What Are The Different Investment Policies?

Keep in mind that there are different investment policies associated with fixed-income funds, and you have to choose one based on your needs carefully.

Below are the common options you’ll encounter:

• Short-Term Fund – If you want to invest in debt instruments for a short period, typically with less than 1-year maturity, then check out this type of fund. Short-term funds are also ideal for those who want a low-risk investment.
• Long Term Fund – This type of fund is low-risk, as the short-term fund. However, as the name suggests, this fund gives investors the chance to invest their money in debt instruments that have a duration of more than a year.
• General Fund – This type of fund allows you to invest in both private debt instruments and government bonds. Like short-term funds and long-term funds, general fund suits investors who want a low-risk investment with consistent interest. The low-risk nature of this fund makes the return less volatile even if there’s a chance for the bond price to change based on the market conditions.
• Flexible Fund – As the name suggests, the investor in this type of fund should be flexible to whatever decisions that the fund manager makes. There’s no restriction in terms of investment proportions in this type of fund, unlike the other ones previously mentioned. The fund manager looks into the conditions of the market and decides for appropriate proportions. Since flexible fund gets invested in many assets, this is ideal for investors who would like to diversify and are willing to accept a moderate level of risk.
• Fund Of Funds – Like the flexible fund, this type of fund is ideal for individuals who want to diversify their investments and who can accept a moderate risk. This policy allows for the investment of the fund in other types of funds, including mixed funds and mutual funds. For this type of fund, around 65% goes to other funds while the rest goes to debt instruments and stocks.
• Balanced Fund – When you choose this policy option, your money gets invested in debt instruments, equity, or deposits. This type of fund is also ideal for investors who want to diversify their portfolio and are willing to accept moderate risk levels.
• Mutual Funds – Your money gets invested in different types of foreign debt instruments. Mutual funds have a high risk since foreign investments are subject to price and exchange rate fluctuations but offer greater returns.

What Are The Benefits Of Investing In Fixed Income Funds In Australia?

Investing in a fixed-income fund in Australia offers many benefits. Depending on what goals you have for your investment, you get to enjoy the following:

• Generate a Source of Income – Since fixed income funds offer regular return rates in a specific time frame, it can become a steady source of income for you. In many cases, the return from fixed-income investments gets exempted from taxes.
• Investment Portfolio Diversification – As already mentioned, fixed-income funds offer a less risky investment than the stock market. This type of investment is less sensitive to geopolitical events, economic downturns, and other macroeconomic risks.

With saving for retirement and achieving long-term goals in mind, you probably already have a significant investment portfolio. However, if you want to minimize losses that result from market swings, it’s an excellent idea to allocate a portion of your investment portfolio to fixed-income funds.

• Protect Your Investment’s Absolute Value – Investing in fixed-income funds is an effective way to protect and preserve your investment capital because of its stated rate of return. Fixed-income funds are perfect for individuals who are nearing their retirement and don’t have enough time to recoup investment losses. Since this type of investment carries minimal risk, investors have the assurance of safe investment returns.

Is There a Chance to Experience a Loss in Fixed-Income Funds?

As already mentioned, a fixed income fund is a low-risk investment, which means that it doesn’t get easily affected by fluctuations. A loss is unlikely since most fixed income funds offer regular returns. The return is consistent, like getting five percent annually and getting paid every six months. The only chance for investors to experience a loss in a fixed income fund is when the fund manager fails to invest in assets with the highest yields.

However, it’s essential to note that fixed-income funds may depreciate in value, which happens if they get sold before maturity at a lower price.

Who Should Invest in Fixed-Income Funds?

Fixed-income funds are ideal for investors who want to stay on the safe side of the road and don’t want much risk. Of course, since a fixed-income fund is low-risk, you also can’t expect a high return from it. Nevertheless, this type of investment offers regular returns, which can be a source of income for many people. It can also be a great way to diversify investment portfolios and achieve capital preservation.

Despite being low-risk and offering regular return rates, investors in Australia still must study the information of the fixed-income fund before shelling out money for it. Read and understand its prospectus, so you know what to expect exactly.

Final Thoughts

A fixed-income fund is an approach in investment which focuses on the preservation of capital. This type of investment can give you a steady stream of returns with lesser risks than other forms of investments available today. While it’s a safe investment choice in Australia, it’s essential to review the things discussed in this post first before investing in fixed income funds to make sure that it’s a good fit for you.

When you decide to work with a financial adviser and put your money and possibly your future security into someone else’s hands, it pays to do some research before you make a final hiring decision. The good news is there are useful documents that give you vital information about how an individual or firm does business. The internet opens up easy access to a number of records and serves as a vehicle for relevant professional information to help you make an informed choice. Here are helpful ways to learn more about investment advisers.

Read the Form ADV

Financial professionals are required to be registered, so make sure you always work with a registered money manager. If you do not and something goes wrong, you may not be able to recover your money even if you get a legal ruling in your favor. Most financial advisers do their work legally, but you still need to take care and look after your own interests.

The United States Securities and Exchange Commission requires financial professionals to register a Form ADV, which gives you valuable information about how the individual or firm operates, names of officers, the nature of investments, and its style of investing. These disclosure statements are available to you free on the SEC’s Investor Adviser Public Disclosure, or IAPD, catalogue.

Find out What Agency Oversees Them

Asset professionals will be overseen either by the SEC or FINRA, the Financial Industry Regulatory Authority.

• SEC—Use the SEC’s search feature to look up investment professionals.
• FINRA—Check licenses and professional backgrounds, including past complaints, using its BrokerCheck

Some finance managers may be registered with both, so perform all applicable searches.

Clarify Their Professional Credentials

There are different types of investment advisers, and there are various types of industry designations they can hold based upon their specialties.

• Certified Financial Planner, or CFP®
• CPA, or Certified Public Accountant
• CFA, or Chartered Financial Analyst
• CHFC, or Chartered Financial Consultant
• RMA, or Retirement Management Adviser
• RICP, or Retirement Income Certified Professional

You can check for CFP® designations on this industry database. FINRA has compiled a database of designations for investment professionals that makes understanding industry credentials easier.

Research Business Details

If you have specific names of money professionals, you can look them up on business-related databases such as Crunchbase. This platform allows you to search for financial managers to learn important company facts. For example, you can easily see data about Fisher Investments, an independent money manager, when you perform a search. This pre-compiled information can make your research easier when you narrow down your choices.

Conduct an Interview

Once you have researched histories, checked credentials, and understand something of how a money professional operates, conduct an interview, preferably in person. Meeting face to face helps you get an idea of personality and gives you a sense of how a person or even a firm would be to work with.

Do not hesitate to question them about their licenses and registrations and even if they have had complaints in the past. If they have, ask how they handled the situations. A reputable asset manager such as Fisher Investments will readily answer your questions. Even though technology makes many aspects of life quicker and more convenient, nothing is better than a personal meeting to get a feel for motivations, habits, and practices.

Deciding to hire a financial professional is a big decision. Once you make it, use convenient modern tools to check the details and history of anyone with whom you are considering working. A bit of research now can give you peace of mind later.

Investments are all about taking risks and hoping that things will turn out as you hoped they would. However, things do not always go as we wish, and anyone can face an investment loss. The losses could be as a result of negligence, or worse, investment fraud. In case of investment fraud, you can quickly recover through compensation, but only if you follow the legal requirements.

Most investors are not aware of the legal requirements and regulations. Remember that you cannot afford to make further mistakes as a minor error will result in further losses. This is where an investment fraud attorney comes in to make the case more manageable and help you recover your investments. Some individuals feel like hiring a lawyer is an extra expense they would do without. They opt to handle the fraud case by themselves, but that is because they fail to look at the bigger picture to realize the numerous benefits that come with hiring an attorney. If you are skeptical about the idea, here are some reasons why you should let an investment fraud attorney handle your case.

The Attorney Experienced

Unlike you, the lawyers have been offering these services for the longest time. This has helped them gain the necessary skills and knowledge to handle your case and ensure that it is a success. The little you know about investment fraud law is not enough to help you navigate through the situation. Let the attorney do what he does best, rest assured that things will turn out great.

Saves You Money

You are probably wondering how hiring a lawyer can help save money while you will pay for the services. However, if you look at things from the right perspective, you will realize that letting experts handle the issue can help you save a lot. The attorneys know what needs to be done to help you recover your investment. This means that they will be no chances of making mistakes. No mistakes mean that there will be no further losses, thus saving you money. The amount collected from this is more than what you will spend on paying for the services.

Saves You Time

You are busy with other things around the business, and this is not the right time for you to be running back and forth, attending court sessions, and presenting your evidence. With the right investment fraud lawyer by your side, you can entirely focus on running things around your business and maximizing productivity, with peace of mind knowing that someone is handling your fraud case.

Increased Chances of Compensation

As mentioned, the lawyers are experienced. They have handled similar cases before, and they understand what needs to be done to prove that your investment losses were as a result of fraud. They can easily collect evidence, and since they know the law better than you do, there is a higher chance that you will get the compensation you deserve.

These are a few of the benefits to expect by hiring an investment fraud attorney rather than handling the case. Take your time and look for a reputable and reliable attorney to enjoy these benefits and more.

Cryptocurrency has never been more popular and sought after. A lot of people are trying to mine cryptocurrency because it could make them inordinate amounts of money, but to do so you need to know what you are doing. Getting started can be difficult, but once you understand the process and what you need to do to maximize profit, you will have a clearer look at how you should approach crypto mining.

The Basics of Getting Started

Mining cryptocurrency is time-consuming and costly. Miners must either pay someone to build their rig or build it themselves. These rigs, which include a crypto wallet, a mining rig, access to a mining pool, and the software to actually do the mining, cost a lot of money to run. They require large amounts of processing power and electricity. It’s a delicate balance between how much it costs to mine the cryptos and how much they are worth.

When you buy or build the equipment that you need and purchase the necessary software for the cryptocurrency you are trying to mine, you will need to figure out how you are going to power your operation. This is perhaps the most risky and fragile part of mining cryptocurrency. If your energy bill is too high, you won’t end up making money.

The Cost of Mining Bitcoin & Others

Each cryptocurrency is different and requires different things. Bitcoin, on one hand, is limited and will go up in value. But since bitcoin will get more and more expensive, the cost to mine them will also go up. Ethereum alone takes up the same share of electricity as a small country. Mining cryptocurrency is not cheap, and as long as the economic incentive exists there will be plenty of miners ready to keep the network moving and mine cryptocurrency into their wallets.

By far the most sensitive aspect of mining cryptocurrency is energy. It takes a lot of power to run computers mining bitcoin. The rest of the equipment takes up huge amounts of energy. It is not uncommon for big cryptocurrency mining operations to use as much power as small countries.

In fact, the global use of cryptocurrency is on pace to match the energy needs of Hungary and New Zealand, representing around 0.2 percent of the world’s global energy consumption. Needless to say environmentalists are concerned about the effect this has on the environment, but compared to many of the other ways we use energy it doesn’t seem to stand up.

Still, it costs a lot of money to mine bitcoin. Estimating that, with a specific supplier, it would cost £5,292 a year in constant use. So this brings up an essential aspect of mining cryptocurrency. How do you do so while cutting down on energy?

Cutting Down on Energy Costs

Cutting down on the cost of energy is everything when it comes to mining cryptocurrency. There are plenty of ways people are trying to do this. First, using solar power to keep your operation running is a popular option, especially in the desert. Those with the tools and resources available to set up solar-powered rigs are finding that is quite a good investment. When you set up a solar panel system, the cost of mining goes way down. This opens many more possibilities for profit.

Another way to cut down on the cost of mining is to use one of the products released specifically for this reason. For example, Node is a product that makes mining simple and cost-effective, mining cryptocurrency slowly but using less power than a toaster.

Finally, the most basic way to cut down on energy use is to switch providers. According to the specialists at the site MoneyPug, which is used widely in the UK to help you switch energy supplier, when you are mining cryptocurrency you need energy that is cheap but reliable. Taking a look into who can offer you a better price while remaining reliable will change everything about your mining costs.

There is no getting around the price of mining cryptocurrency, but you can make it as cheap as possible. Getting started correctly is key, but taking every step to cut down on the costs of energy will, in the end, be what makes your operation successful. When you cut down on power, you increase your profit.

One of the truest forms of mental poison is thinking too much, which if left unaddressed, can dramatically change your behavior, thinking and also your personality. This negative habit can also have adverse consequences on your work life, school life, and personal relationships and particularly in trading. Trading isn’t a game of chess as most people think but there are no chances of improving your odds by over-thinking.

Success in trading comes when the trader has adequate tools to analyse the market and have a proper sense of the industry. Suppose you’re a Forex trader and you keep worrying about the success of your trade during your dinner, during your sleep-time, this can soon become a grave issue. Your Forex career will not just be affected but it can even hamper your personal life. Here are few tips to stop over-thinking during Forex trading.

You Can’t Go Back in Time

Before you place a trade, it is recommended that you take a close look at the current market condition. In addition, you should also make sure to review the brokers that best suit your needs and locations.  In case you find the market benefits you, you should immediately consider another influential factor that can contribute to the movement of price of the currency pair. If you place a trade, don’t ever look back because you can’t go back in time. Learn a lesson from the professional traders as they trade without letting their emotions rule them. You should know the tricks of controlling your emotions as this will let you execute high-quality trades in the market.

Thinking and Over-Thinking Won’t Make You Rich

If people could earn due to over-thinking, there wouldn’t be anyone poor or unhappy. Everyone has a time in life when they lost an opportunity but that shouldn’t enable you to regret the past. Embrace the present and know the current rates of exchange in the market. The most seasoned traders in the Forex market have several losing trades but they still ensure that they lose a portion of their account in case the trade moves against them. Try to have a proper risk management strategy for each trade that you make.

Concentrate on the present

You should always live in the present and your entire focus should be on the present. This way you can remain updated and start each day with new energy. Take into account the recent trends and make sure you follow them in order to make right decisions while trading in the Forex market.

Stay Aware of the Hindsight Trap

Whenever a trader gets obsessed with trades post play-out, this is called the hindsight ‘trap’. They keep torturing their mind about missing a trade or exiting some trade ahead of time. You have to realize the fact that there are times when you can miss some trades and there are times when you won’t be able to exit a trade at the right time. Instead of wasting your time thinking about things that drive you crazy, make sure you focus on the present.

Stay Updated With the news

If you think of creating a career in the world of Forex trading, make sure you have a clear idea of the news that dictates the industry. In case there are predictions of price fluctuations, you should base your decisions accordingly. Don’t over-trade.

Therefore, if you’re an over-thinker, you should stop this bad habit as this would only do harm to your trading career. Be realistic about your expectations of your trading, and avoid overthinking.

If you’re looking to become a Foreign exchange trader someday, it’s imperative to educate yourself with the ins and out of the industry. Forex trading for instance, refers to the process of converting one currency into another. It’s one of the biggest financial markets around the world, which allows every trader to earn significant profits, both short-term and long-term. Thus, it’s no question that education is the key to successful trading.

To reap the benefits of forex trading, here are a few reasons why you should start educating yourself to trade.

You Can Use The Trading Fundamentals to Your Advantage:

Before anything else, you, as a potential trader, should have an in-depth understanding of how the process of trading works. Most people who want to trade should know how to determine the currency values and the relevant factors that can affect the exchange rates.

Take note that the first step to becoming a successful trader is to learn the basics of trading. When you know the basics, you’ll be one step closer to attaining financial freedom and stability.

You Can Boost Your Exposure to Different Trading Strategies:

Getting started with forex trading takes a lot of time, effort, and practice. Without proper education, your trading strategies might not be as effective as they should be. That said, properly educating yourself can be a great idea. You can do this by joining online trading courses or reaching out to forex experts in exchange for valuable advice.

Besides, there are many available courses and master traders on the internet who can help increase your exposure to different strategies. These professionals possess the knowledge and expertise that are essential in your pursuit to become adept in the foreign exchange industry.

For instance, when you’re starting out, it’s best to follow experts like Jack Morgan and Warner Buffet. That way, you can enhance your network and have access to some tips and techniques from experienced forex traders and market players.

You Can Take Advantage of an Accessible Market:

One of the reasons why you should educate yourself to trade is your ability to make a trade at any time and generate more revenue. Generally, the Forex market is accessible 24 hours a day, which makes it easy for you to invest and become a skilled trader.

Because of this, there’s no reason why you shouldn’t start learning to trade. By educating yourself about the rules of the market, you can get the most out of it for your financial needs.

You Can Protect Your Investment:

Generating money in the Forex market is indeed essential. However, you can’t really do that if you don’t protect your investment. Just like other financial marketplaces, the Forex comes with volatility, which means that the price value of the currencies can either increase or decrease at any point in time. And if you don’t know how to mitigate these risks by not understanding the market forces that impact trading activity, then you might probably end up losing your investment.

Given this scenario, educating yourself to trade can play an integral part in risk management. It can be an excellent way of safeguarding your capital while earning more profits.

You Can Stay Updated:

Of course learning to trade in the Forex market is equivalent to staying updated with the latest news and trends. When you get yourself educated, you make sure that you always know what’s going on in the market. Your learning journey doesn’t stop at taking courses online and surrounding yourself with experienced traders and experts. Instead, you continue to train yourself by listening to the current updates and anticipate future trading trends and risks.

You Can Develop an Effective Trading Plan:

In addition to strategies, trading in the Forex markets requires you to create a trading plan for yourself. A trading plan for instance, is the summary of guidelines that will define and shape your trading behavior. This will outline your financial goals, trading behavior, risk management strategies, and the standards in making trade positions.

Because of this, it’s a good idea to educate yourself on how to trade so you can develop a trading plan that will allow you to make money with forex. This crucial document can go a long way in helping you become more disciplined and focused while trading.

Conclusion:

Hopefully, you find this article helpful in your efforts to keep moving forward in the foreign exchange market. Remember that by training yourself on how to trade, you’re able to attain long-term success in forex trading. The more you train yourself to become an expert, the more you can create wealth opportunities for you and your family.

Lastly, keep learning and look around until you discover the right trading techniques to succeed as a trader.

There’s not a person in the world who hasn’t heard about Wall Street. Every time you turn on the news, there is at least one mention about America’s financial industry. Wall Street has a significant impact on the economy due to the fact that it’s the trade hub of the most important financial markets. What is life really like for a Wall Street trader? It’s not all rainbows and sunshine. Traders aren’t all millionaires who walk around with their fancy suits, making guesses about the stock market direction as they and expecting large sums of money.

It’s difficult to become a stock trader on Wall Street. It’s even more difficult to run this kind of business. This doesn’t mean that you should hate Wall Street. Far from it. You get paid better compared to average people, not to mention that you’re involved in important transactions and you’re always learning new things. Undoubtedly, Wall Street traders do things differently. In this article, we’ll let you in on a few secrets. Read on meticulously. 

1.Not All Wall Street’s Movers Make Millions 

The biggest appeal of becoming part of Wall Street is the ability to make a great deal of money in a relatively short period of time. Anyone who spends enough time in the industry is able to retire in their late 30s owing to the wealthy pay. If you take a close look at companies such as JP Morgan, you’ll see that they make big bucks. But what about the rest? The truth is that not all traders make tens of millions of dollars. Some of them actually lose money. The point is that you shouldn’t be fooled by the news you hear about big bonuses.  

Traders who work on Wall Street don’t make a fortune. Average day traders make anywhere from $250,000 to $500,000 in salary and bonuses. They work a lot to make a profit through trades. Even the tiniest mistake can lead to financial ruin. Making it big on Wall Street is possible though. How much money a stock trader can make depends on the investment portfolio, risk management strategy, and trading experience. The reward doesn’t come easy. It’s necessary to prepare in advance for the moment of opportunity. 

2.Wall Street Traders Know How to Cut Loose From Bad Trades 

A bad trade can be defined as a trade that results in a loss. Back in 1998, John Meriwether almost disrupted the global economy. Numerous Wall Street banks were brought together to try to fix his mistake and save the economy. This is not the time or place to get into details.  What is important is that individuals engaged in the financial market have to take a look at what is going on in the markets and create a good strategy so that they have a better chance of making a profit.

Wall Street traders know how to cut loose from bad trades. More precisely, they know what to do to positively alter their trading performance. Here are just a few examples of good habits you can copy: 

• Concentrate on the bigger picture 
• Get away from the financial markets a little bit
• Study your winning trades

3.Wall Street Doesn’t Have a Drinking Problem 

When you think of Wall Street, the first image that comes to mind is one with a person sitting back and sipping on expensive champagne. There is no denying that traders on Wall Street drink. They do it to entertain clients or simply because it’s the tradition. Nevertheless, it would be a mistake to think that they have a drinking problem. Investment professionals don’t abuse alcohol and they also don’t indulge in binge drinking. 

California, a nation that is considered to drink more wine than others, doesn’t have offices sitting on top of cellars full of wine. As a matter of fact, if you were to talk to an Oakland DUI attorney, they would immediately tell you that they have never had a stock trader as a client. They know such behavior, i.e. drinking and driving, can put an end to their career. They would never risk being charged with a felony. Some aspects are greatly exaggerated when it comes to the financial industry.  

Wall Street players have some of the most stressful lives. However, that doesn’t mean that they indulge in excessive drinking. They have their ups and downs, just like everyone else. Most stock investors are willing to bet on the sober curious approach – in other words, they prefer to socialize without consuming alcoholic drinks.

4. Most of Wall Street is Honest

Contrary to popular opinion, Wall Street traders aren’t greedy, conceited, or arrogant. The truth is that these professionals are good people. They are honest. As a matter of fact, they are more honest than we give them credit for. There is no such thing as a culture of bad behavior. Many stock traders work their way up the career ladder and they know that without honesty they can’t achieve the pinnacle of professional life. The bottom line is that the New York stock exchange consists of humans. 

5.The Most Influential People on Wall Street Aren’t Based in New York 

Wall Street is based in Lower Manhattan, in New York City. New York has been for a long time home to important financial institutions. Surprisingly, not all investment professionals are in the most populous city of the United States. Stock trading can be done from anywhere in America. Location isn’t really important. Buying shares that trade can be done from outside your home country. The most influential people on Wall Street don’t even live in New York, just so you know. 

Case in Point 

John Stumpf, the former CEO of Wells Fargo, a multinational financial services company headquartered, lives in California. He is one of the most prominent businesspersons. John Stumpf made billions in the financial market. The only thing that affected his financial performance was the sales scandal where employees allegedly opened checking and credit card accounts for clients without their consent.

Introduction to Marketspilot Cryptocurrency Broker

Market Pilot is a company that offers cryptocurrency brokerage services for traders across the world. This broker has started its operations very recently, and its parent company is Click World Ltd. This broker is based out of Roseau, Commonwealth of Dominica. Providing quick, easy, and sharp brokerage services for all of its customers is the USP of Markets Pilot broker. Their trading platform is great, with quick accessibility and very easy to navigate as well. On top of that, it doesn’t take much time for users to start trading with this broker.

The account opening process is seamless, and the verification procedure is also surprisingly quick. Right after the verification is done, users can set up their own trading stations in less than a minute, and they can start trading. When it comes to asset classes, Marketspilot offers around a hundred cryptocurrencies. These cryptos include all the major crypto-crypto pairs like BTCETH and some crypto-fiat pairs like BTCEUR etc. Markets Pilot broker offers great liquidity because of which the client trades get executed very fast. Let’s explore some of the predominant features of this crypto broker in this detailed Marketspilot review. 

Salient Features of Markets Pilot Crypto Broker

Markets Pilot broker offers a wide variety of value adds for their traders apart from the mainstream brokerage service. These services are offered in the interest of their users. Using these features, traders get to gain their knowledge and make their trading journey simpler & profitable. Let’s understand some of these below. 

Financial Calendar – Users can stay updated with all the financial as well as economic news and corresponding events. Unless you are an absolute novice crypto trader, you must have known the importance of news & events in determining the volatility of markets. Hence, this service can be considered as a great plus for the crypto traders.

Learn From The Pros – While trading with Markets Pilot broker, users get to learn from the professionals in the industry. Users get to track the best performing traders with the help of social trading and get to learn their techniques on a daily basis. They also can copy their signals and become profitable.

Market Information – Market Pilot users can access valuable reports and market analysis from the cryptocurrency experts and financial professionals across the world. These reports will enable users to get the right idea of what is happening in the market and take their trading decisions accordingly.

Assets Index – Traders can access a wide range of cryptocurrencies with Marketspilot broker. This is important because users will get exposed to a wide range of options, and the opportunities to trade will only increase while trading with this huge database.

Exploring the Sirix Trading Platform

At Markets Pilot broker, traders get to use a world-class trading software known as the Sirix trading platform. This is THE most comprehensive trading tool and is widely used by traders across the globe. With great accessibility, this software can be used on any of the devices such as Desktops, Laptops, Smartphones, and Tablets. Also, with cross-device functionality, traders can pick-up their trading activities from where they left.

Sirix platform can be downloaded on to your desktops, and the software link can be found on the Marketspilot broker’s official website. It is known as Sirix Station, and it has all the industry-grade trading features. The trading terminal looks very simple yet powerful. It is very easy to navigate, and all the required options, such as different chart types, time frames, and trading tools, are right on the main page of the trading terminal. There is also an option for ‘One-Click Trading’ using which traders get to place their trades with a single click of a button.

Sirix platform can be downloaded on to your desktops, and the software link can be found on the Marketspilot broker’s official website. It is known as Sirix Station, and it has all the industry-grade trading features. The trading terminal looks very simple yet powerful. It is very easy to navigate, and all the required options, such as different chart types, time frames, and trading tools, are right on the main page of the trading terminal. There is also an option for ‘One-Click Trading’ using which traders get to place their trades with a single click of a button.

Sirix Station – Trading Terminal

There is also a Sirix web trader which can be used on any electronic device with a browser in it. Users don’t have to go through the hassle of downloading and installing any software. They can trade on the go with this web trader. It is surprising that this web trader is just a complete replica of the original Sirix Station software. This adds a huge value because, typically, many brokers have their web traders for the sake of it with limited options. But, Markets Pilot broker providing a web trader with such great quality is commendable.

Sirix Web Trader – Trading Terminal

Apart from these both, there is a Sirix mobile app that is available for both Android and IOS devices. We have tested both these apps, and they are brilliant to operate and trade. The landscape charts, charting tools, user interface, and navigation are just on point. We want to go a step ahead and say that this app can directly compete with the likes of MT4 & MT5 mobile trading apps. All the order types, advanced indicators, and social trading features can be accessed right from the app.

Markets Pilot Sirix Mobile Application – Trading Terminal

Deposit & Withdrawal Methods

It is a fairly simple process to deposit and withdraw money to your Marketspilot account. There are four major ways to fund your account. They are via credit cards, wire transfer, ePay, and Bitcoins.

Withdrawals can be made through the same medium, and there is no deposit or withdrawal fee charged at all. To make a withdrawal, users can contact their personal account manager, and the payments will be processed in less than a day.     

Customer Support

The customer support team of Marketspilot broker work 24/5 a week. There is no weekend support. However, traders can fill a customer form and send their queries to the support team. They will get a reply back within 24 hours.

Customer Contact Form

Clients can reach the Markets Pilot support team through phone, email, and live chat options. They can call +44 2080-898169 to talk to a representative. Email queries can be sent to support@marketspilot.com. Out of all the available ways, we found the Live Chat option to be pretty great. The chat executive was quick responsive and addressed the queries to the point showing great professionalism and relevancy.

Conclusion

Overall, Marketspilot is a great broker to trade with if you are looking for a wide variety of markets, low trading fees, and a world-class trading platform. Apart from these, the education and support they provide make them stand out from the rest of the brokers. Being a new entry to the market, this broker proved that promising services could be provided without any market experience. So we can only expect this broker to grow and provide better services with time. Hence it is a sure shot ‘Yes’ for Markets Pilot crypto broker from our side.         

Before you can go to graduate school, there’s one thing that you need to accomplish: GRE (Graduate Record Examination). This is a pre-requisite needed to get into graduate schools except medical school and law school.

GRE is a standardized examination similar to college entrance exams. GRE is used to measure whether a graduate school applicant is eligible based on their aptitude in terms of vocabulary, mathematics, as well as analytical writing.

Scoring for verbal and quantitative tests will range from 130 to 170, and are always in whole numbers. The average score can be somewhere from 150 to 152. On the other hand, the scores for writing can range from 0 to 6 and can have half-point increments, with the average falling around 3.5.

Main Advantages of Having a Master’s Degree

According to the U.S. Census Bureau, there are currently around 21 million Americans with a Master’s degree. That’s about 13.1% of adults in the USA. This only shows that citizens are not really aware of the advantages a Master’s degree can do for their career.

While a bachelor’s degree might be enough to get you a stable job, having a Master’s degree has a significant edge in terms of the positions you can handle in a company – something you might not be qualified for otherwise.

Also, it might take you several years to be able to rise from the ranks having a mere BS or BA degree. Having an MA or MBA makes it easier to switch or transition to higher echelon positions.

But, while there are several reasons for wanting to take a Master’s degree, what might persuade you more to aim for graduate studies is the earning potential.

To illustrate, according to the Bureau of Labor Statistics (BLS) of the United States Department of Labor, the median annual wage of a person with a Bachelor’s degree in the field of securities, commodities, and financial services is around $90,000. For someone with a Master’s degree in the same job field, the median salary is almost doubled, at $170,000.

Other Reasons for Wanting a Master’s Degree

Apart from the motivators mentioned above, other reasons to get a master’s degree include the following:

• You want to gain specialized knowledge and skills in a particular field, which can be a significant contribution to the industry where you belong.
• Continuing education expands your professional network. This is especially beneficial since you get to mingle with professionals and other notable personalities, unlike in the undergraduate school, which are usually students with no job experiences yet.
• If you’re a person who continually loves learning new things, taking a Master’s degree can help you hone your skills in research, writing, and analytics. This enables you to solve complex problems and projects that may arise when you finally handle essential positions in a company.

How to Prep for the GRE

If you’re now decided to take a master’s degree to boost your career, you must be prepared to take the GRE. Each individual has different strategies on how to go about the preparation, and these strategies can make or break your chances of making it to the graduate school.

To up your odds, several GRE prep companies can provide you in-depth GRE preparation services so you can concentrate on taking the test instead.

In preparing for the GRE, you should also take into account these things:

• Schedule – it’s recommended to take GRE around a year prior to your intended start of graduate school. This is because, in case of failed results, you still have plenty of time to retake it.
• Test location – there are around 1,000 test locations scattered around 160 countries. You should be able to choose from these college campuses and independent test facilities, depending on your convenience.
• Registration – you should be able to register at the website of Educational Testing Service (ETS.org). You can choose between a computer-delivered exam or paper-delivered exam as well as the date of examination and preferred testing location.

You’ll be given chances to retake the test every 21 days, but you can only register five times a year. The examination coverage will include quantitative reasoning, verbal reasoning, analytical reasoning.

These may sound intimidating. However, you don’t need to spend all your time with the preparation. The recommendation is typically around two to three months’ worth of intense GRE study, which can be spread out over three to four months.

Conclusion

A college diploma is already a big deal and can get you far in your career. Coupled with hard work and a little bit of luck, you can reach your dreams in no time. You could imagine how much more can you achieve when you have that three extra letters next to your name.

Having the option to better yourself is something not everyone can have, so consider yourself lucky.