Monday, November 12, 2018

Reasons Why You Should Perform Forex Trading Through ECN Brokers

Store Forex currency trading is normally executed by means of either market makers or electronic communications networks, furthermore referred to as ECNs. A lot of Forex trading traders favor ECN brokers as a result of its several natural pros.

What is an ECN?

ECN brokers could be thought of as the bridge connecting participants within the forex market directly to one another, eliminating the particular need for a dealing desk. 

ECNs acquire prices from multiple market individuals, such as banks and market makers, and other traders who are people of the network, plus stream the best bid/ask prices on their investing platforms.

What are the features of using ECN agents?

Trade in invisibility

Oftentimes, trading with the application of ECN brokerage companies can be done in an anonymous manner. It enables traders to deal on neutral prices. Being able to execute a number of trades anonymously is attractive for some traders, specifically those who desire to complete large trades. 

It is because it allows them in order to trade without drawing interest to their strategies or recent market positions that will could influence market costs.

Better prices

Considering the fact that a good ECN broker gets cost quotations from numerous market participants, it will offer you with tighter bid/ask costs than what you can acquire from other varieties associated with Forex brokerage firms. 

Furthermore, ECNs do not perform any role in establishing prices, and therefore, there is usually a much-reduced risk of price manipulation.

Propagates aren't fixed

In comparison to market makers, ECN brokers have no control over the bid/ask prices plus so cannot give the fixed spread at almost all times. Throughout very active trading periods, you can get little or no spread from all, especially for extremely water currency pairs including the majors. 

A tighter spread is usually sought after by some market participants, day investors specifically, as it allows them to fill their particular orders at the prices they desire.

Better marketplace access

Apart from retail Forex traders, ECNs also relay bid/ask prices through numerous institutional market manufacturers like banks, financial establishments, and other prominent organizations.

Instantaneous trading

Utilizing an ECN broker permits you to definitely business immediately. As an ECN client, you get to enjoy reliable live loading of best executable prices, and you receive instant confirmation of trades since they are dealt. Because said before, there is no middleman, so re-quotes are unlikely.

They are not necessarily going to trade towards you

Since an ECN broker directly matches market participants, there is just no possibility of them trading against you - a criticism that is normally directed towards some market makers. A good ECN broker will merely pass your orders to a loan company or one more client on the opposing ending of the transaction.

There are lots of Forex traders are putting their orders via ECN brokers. This preference can be explained by numerous advantages inherent to this sort of broker, which include tighter spreads and much better market access.

Saturday, November 10, 2018

6 Steps to Successfully Managing Your Personal Finances

If you regularly feel frustrated by your financial situation, you are in good company. Across many income levels, people commonly feel as though they do not have enough money to accomplish their goals. At times, they may not even have enough cash on hand to cover their bills. Paying down debts can seem challenging, and it may feel as though you can never get ahead financially.

Regardless of your income level, it is reasonable to live within your means and to achieve financial goals. However, you must approach financial management strategically in order to do so. These are essential steps for successful financial management.

1. Create a Budget

Managing your money properly without a budget is an impossible feat for most people. A budget tells you how your income is allocated each month. It enables you to find areas to cut back on, and it may help you to determine if you can afford to buy an extra pair of shoes or head to the movie theater tonight.

Budgeting may sound simple enough, but many people struggle in this area. Ensure that your budget is based on accurate numbers rather than hopeful numbers. Use your spending history to ensure accuracy. In addition, reconcile actual income and expenses regularly so that you always know where you stand financially.

2. Trim Down Spending

One of the many benefits of living on a strict budget is the ability to identify areas to reduce spending in. Financial stress often occurs when your spending is very close to your income level or if it exceeds your income level. Most expenses can be trimmed with proper effort, so there may be plenty of wiggle room to work with. 

For example, you may be able to refinance your home mortgage or move to a more affordable rental home. You can make energy efficiency improvements around the house, shop for better rates on Internet and smartphone service, prepare more affordable meals at home and more. With effort, you may be able to reduce regular monthly spending by hundreds of dollars or more.

3. Plan for Short-Term and Long-Term Goals

Your budget gives you the ability to allocate regular contributions for savings and investments. By doing so, you may meet your short-term and long-term goals. For example, you can plan a short-term goal of taking a vacation or getting orthodontic braces for your child. A common long-term goal is to save for a comfortable retirement.

You will never reach these goals without saving money regularly. Therefore, you need to adjust your budget to include regular allocations of funds for each of your short-term and long-term goals.

4. Take Advantage of Modern Technology

Many years ago, personal financial management involved manually logging income and expenses through a handwritten ledger. You may have had to wait for a monthly bank statement or call a customer service phone number regularly to reconcile numbers and to ensure that you did not make a mistake.

Technology has thankfully improved. Banking apps can tell you immediately what your balances are, if transactions have posted and more. You can also use Excel to prepare a fixed budget as well as to keep a running budget for income and expenses. Excel is a part of the Office 365 suite and is available to everyone.

5. Save Regularly

Part of your budget should include a small allocation of funds to a savings account on a regular basis. Healthy personal finances include a well-funded emergency fund. This account may be used to pay for unexpected expenses, and it can help you to avoid relying on credit cards in a time of need.

Many people wonder how much money they need in their savings account. There is not a fixed answer that is right for everyone. Depending on your financial situation and life circumstances, you may feel more comfortable if this figure covered three months of your regular income, six months of regular expenses or another amount. 

For example, if you live in a large house and would need to pay an expensive deductible if you file an insurance claim, you may need more money in savings than a renter may need. You may also feel more comfortable having more money on hand if you are concerned about getting laid off soon, if you live very close to your means and would struggle if even a small unexpected event occurs and more.

6. Focus on Debt Reduction

High debt balances can erode financial security. They can also inflate monthly expenses and prevent you from saving and investing more. Reducing and ultimately eliminating debt is essential for smart financial management. The first step to take for effective debt reduction involves living within your means and avoiding taking on any new debts.

After you have accumulated a healthy sum of money in an emergency savings account, you may then contribute additional funds toward debt reduction. Concentrate any additional funds available to a single account, and focus on this account until the balance is paid in full. You can then move on to your next account. Debt elimination may take years in many cases, so avoid feeling discouraged by slow results.

Wrapping Up

Effective financial management can improve your life in countless ways. Each of these tips can have a profound effective on your personal financial health and security in different ways, and their cumulative results may be life-changing in some cases. Begin applying these steps to your financial management efforts today to benefit from their transformative effects.

Jasmine Williams covers the good and the bad of today's business and marketing. When she’s not being all serious and busy, she’s usually hunched over a book or dancing in the kitchen, trying hard to maintain rhythm, and delivering some fine cooking (her family says so). Contact Jasmine @JazzyWilliams88

Tuesday, November 6, 2018

Credit Score in the Dumps? How to Uncover it’s True Potential

A less than ideal credit score can limit your ability to make larger purchases. There are things that you can do now that will help to improve your credit rating. Here are some of the steps that you’ll want to take in order to uncover the true potential of your credit score.

Schedule Your Payments

Late payments work against your credit score. One solution that will help you to avoid having late payments is to schedule your payments. There are online tools that will help you to achieve this goal. 

The caution with automatic payments is that you’ll need to ensure that you have enough money in your account to cover your expenses. Missed or delinquent payments are just as detrimental to your credit score as late payments.

Stop Revolving Debt

You may have heard the term revolving debt used and wondered what it meant in relation to your situation. This is more commonly seen with the type of debt that you collect by using credit cards. The balance that you carry on these cards adds to your debt load.

If you have too much debt, you’re considered higher risk and this can lower your credit score. Paying off your high interest loans and limiting your use of credit will help to get your credit score back on track.

Learn the Tricks

As with anything, there are tricks that you can learn that will help to improve your credit score. Work with a fast credit repair company so that you can learn these tricks a little faster. 

For example, overextending yourself can lead to you having trouble paying your debt down. You may find yourself making minimum payments and accumulating more debt in order to eliminate your other debts. Over time, this can cause your credit score to drop.

Apply Judiciously

Every time that you apply for credit, it counts against your credit score. This may not seem like such a big deal until you want to apply for something that really matters. Applying for credit judiciously will help you to get the things that you really want. 

It will also serve to improve your credit score if you can show that you can handle your financial situation without having to take out more credit to get it done.

A good credit rating can quickly be lost and take a lot of time to rebuild. Consider these tips if you want to get your credit score back in shape.

Friday, November 2, 2018

Can Your Money Make Money? How to Save for Retirement through Investing

If you have started planning for retirement, you may have already estimated your financial need for the future. This estimate may be based on a projected budget in retirement as well as the use of online retirement calculators. 

If you are floored by the huge amount of cash that you need to save between now and your desired retirement date, you are in good company. The good news is that your money can actually make money for you when you invest it wisely. These are some of ways that your cash can multiply over the years.


Today’s savings accounts have fairly low interest rates. In some cases, they barely keep pace with the rate of inflation. However, when you stash at least some of your money in a savings account, your bank will make regular interest deposits in your account. 

You will notice that your account balance grows slowly over time as a result even if you do not contribute any additional money to it. Because the rate of return on a savings account is low, however, you should also consider putting some of your money in these other investment vehicles.


The rate of return on CDs varies by financial institution, the term length and the amount of money that you invest. You will generally enjoy a higher return when you buy a CD with a longer term and a larger investment. 

However, if you cash out the CD prematurely, you may lose money. Therefore, only buy CDs with money that you know that you will not need until the end of the term.

Dividend Stocks

While stock prices fluctuate dramatically, the stock market in general has trended upward over the decades. With all stocks, you profit when you sell them at a higher price than what you purchased them for. This is only one way to profit from stocks. Some companies may a regular dividend on their stock. 

A quarterly dividend is most common, but this varies. You can request dividend reinvestment, which means that you will buy additional shares of the same stock with the dividend that you receive. You can also receive the dividend as cash in your investment account.

Real Estate Investments

Real estate investments can also be lucrative, and rental property is among the most common way to profit from real estate. Real estate investors make money through property value appreciation, and this can be realized when the property is sold or when the investor takes out a cash-out refinance loan. 

If the property is income producing, the investor generally will receive monthly cash flow. Another way to benefit financially from real estate investments is through tax deductions.

As you can see, there are numerous ways for your money to make money for you. A smart idea is to fund your savings account with a reasonable amount of money, and this can serve as an emergency savings account. You can then purchase other investments to create a diversified, balanced portfolio.

Wednesday, October 31, 2018

How Older Adults Can Access Their Social Security Benefits

If you work until the age of 66, you will be able to claim your full Social Security benefit for retirement. This age is subject to change, however. Individuals who were born in 1956 will need to wait until they are 66 and four months to claim their full benefit. The retirement age will continue to increase until it reaches 67 for everyone born in 1960 or later.

What Are Your Options if You Need to Claim Early?

If you start collecting social security benefits before the age to receive full benefits, you get a smaller payment. Currently, you receive 25 percent less than if you wait until full retirement age to begin collecting benefits. For most people, it makes sense to wait until you reach the full retirement age to begin collecting social security.

What if You Need to Retire Early?

It is estimated that one in every four workers will become disabled before reaching retirement age. In cases where this happens, you may qualify for disability payments. To qualify for social security disability, you must have a medical condition that will prevent you from working for at least a year, or that will result in your death. 

If you have a partial disability or a short-term health condition, you do not qualify for this benefit. You must meet the definition of disability as it is spelled out by the social security administration and be younger than the full retirement age. Certain family members of the disabled may also be able to collect disability payments.

What is the Process for Applying for Social Security Disability?

If you believe that you or a family member qualifies for social security disability, you can fill out an application online. The process to collect disability from the social security administration can be lengthy and complicated. 

It often makes sense to contact one of many social security lawyers to speed the process along. It is not uncommon to initially be rejected for disability, but for the payments to be granted on appeal.

What Happens When You Reach Full Retirement Age?

If you are still receiving disability payments when you reach full retirement age, your payments will convert to retirement benefits. When most workers retire, their social security is based on their previous 35 years earnings. 

To prevent years spent collecting disability from lowering your retirement benefit amounts, the Social Security Administration ignores the years spent collecting disability when determining your benefits.

The process of applying for social security benefits can be overwhelming and intimidating, particularly if it is happening at a time when you are already facing a health crisis. 

Having someone to help walk you through the process can provide emotional support at this critical time. Someone familiar with the process can also make sure you have the paperwork necessary to get your claim submitted properly.

Budgeting for a Family: Ways to Work Toward Financial Freedom

When you have a family to provide for, it's essential to make sure you do everything you can to plan for the future. Not only is it important to have the necessities like food, clothing and shelter, but it's also best to create a life that you all can enjoy. 

Whether you'd like to go on a family vacation, out to the movies or make an investment, it's good to have the financial freedom to do so. In order to make it happen, you'll want to have a budget in place. 

In addition to a budget, there are ways you can create wiggle room so that your family can achieve the financial freedom you desire.

Use coupons

Get creative about the ways you create more room in your budget. Grocery shopping for a family is completely different from grocery shopping for yourself. You'll spend a lot more money. In order to keep costs low, it's good to shop in bulk. 

However, it's also great to use coupons. Now, there are tons of coupon apps you can download in order to get the discounts you desire. When you're shopping online, it's a good idea to download various widgets and apps that'll feature different discounts before you purchase the items in your online shopping cart.

Create passive streams of income

Passive streams of income are essential in order to build wealth. If you don't have various vehicles set in place, it's time to start building them. If you're an excellent writer, consider writing a series of eBooks. 

Upload them to the sites of major book retailers, and promote them consistently in order to earn money. Invest in the stock market or in the foreign exchange market.

Readjust your bills

Reconsider your cable bill. Get rid of a few of the luxurious amenities for a little while. If you're in a bind and you're a homeowner, you might want to consider shifting the interest rate on your mortgage loan by switching to a home equity loan. In some cases, this can be a really helpful move to allow you some breathing room.


Do your own manicures and pedicures. Style the children's hair yourself. Cut your own grass. There are certain tasks you can do on your own as they will help you refocus that money into more lucrative investments.

As you work hard to turn this goal into reality for your family, you might get discouraged along the way. There will probably times when you'll lose motivation, and feel compelled to give up. 

However, think about the fact that you're working for more than just yourself. You're working in order to help your family experience a better future. When you're able to keep things in perspective, it'll be easier to continue on the journey to financial freedom.

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