Investing in 2020: Forex or Bitcoin?

Just as any investment plan goes, there is no exact answer as to where your cash should be injected. In fact, it’s a gamble. Either you are lucky or you’re not. But there are means of improving the investment choice you make. One of the most obvious ways to improve investment returns is to know more about what you are investing in and what the market looks like.

Come 2020 there are bound to be many more investment opportunities. We take a look at where your money would best be invested, Bitcoin or Forex. Anything far and in-between is up to you, naturally.

While a number of online businesses are adopting Bitcoin as a payment option and other sites like novibet.co.uk evolving to make Bitcoin more mainstream, it's natural to wonder which would be a better investment.

But with two of the biggest markets in competition, if you had to choose, where would you invest your hard-earned cash? According to financial evaluators, either or bears their own risks but here is what we know so far.

Forex Trading Advantages

The advantages to Forex Trading, according to professional analysts, is that the market is an open one. It is easy to access and opposed to Bitcoin, investors, and trade through their brokers on a ledger where transactions are recorded and tracked. Being recognized globally far longer than Bitcoin also works in favour of Forex trading. 



For those unfamiliar with Bitcoin, Forex seems like a safer investment, which in some ways puts Forex in an advantageous position. Forex, unlike Bitcoin, is liquid and can be accessed immediately without any need of wallets or middle ground. Investors can freely move cash from one account to the other.

Bitcoin Trading Advantages

If we reflect on the history of Bitcoin, in its short its existence, the cryptocurrency has had a quick claim to fame, fallen just as fast as it rises, and has made a steady recovery. 

Nevertheless, people have been wondering how 2020 looks in terms of investing in the coin and despite negative feedback from less than 30 percent of users, it would appear Bitcoin has restored its reputation and investors are siding with Bitcoin investment.

If you needed proof, you could say the proof is in the pudding. Most of the new online companies dealing with merchant vendors and peer to peer sales are adopting Bitcoin as a payment option. 

In fact, there have been a number of online companies based solely on Bitcoin transactions to have been developed in 2019. With this being said, we can see and feel the strong presence of the crypto, leading us to believe that come 2020, Bitcoin will be as strong as ever.

While both trades have their pros and cons, the future of trading and investing may just be in favour of Bitcoin. But for now, it remains a gamble, Forex being as popular as ever and Bitcoin drawing in admirers from around the globe. All that remains to be seen is which of the two will be a better investment in 2020.

Emotion in Trading Results in Big Loss

If you want to ensure a reputed trading career in Forex, emotions must be avoided. The trading plans will be the most important to execute trades efficiently. If you fail to find an effective trade setup for decent profit potential, you will lose money. Instead of gaining pips, you will experience a potential loss. 

If your emotions are dominating the trading strategies, they will increase more from a loser. So, you will lose control over your trades gradually. The most important factor of emotion-based trading is losing your account. It will not take long to blow up your account balance and ruin your trading career. 

Being new to the Australian trading community, try to avoid getting emotional in the trading business. Instead of the emotional dilemmas, concentrate on the executions of the trades. Thus, you can easily make sure a decent profit potential from the trades.

It will be even better when you are curious to develop an efficient trading plan before joining the industry. So, stop wasting your capital doing live trading and spend more time on improving your trading skills. Practice your plans and strategies to improve your trading quality.

You need to make concrete decisions

In the case of currency trading, a solid plan is needed to execute the trades. At the same time, a secured money management plan is important for the safety of your capital. And due to the high volatility of the marketplace, you need to take a concrete decision for the trades. 


But emotional conflicts will not let you make solid decisions for the trades. It will always bother your trading mind with immature ideas. Many traders lure into overtrading and micromanagement due to emotional dilemmas. None of those strategies as safe for the trading business. They increase the potential losses of your trades.

So, you need to improve defense against the emotions related to Forex trading. If there is a loss, strictly use it as a learning instrument. Correct the errors of your trading edge then improve your strategies. It will be efficient to improve your trading quality. Thus, you can also avoid losing money and quality trades in the Forex trading account offered by Saxo.

Trade with a calm and calculative plan

Before deciding on a trade, you need to find the right position for the trades. It is not so tough when you have a calm and calculative trading mindset. You just need to do an effective market analysis to time the trades precisely. With fundamental elements and technical calculations, you can understand the market volatility. 

Moreover, you can also ensure a decent profit potential from the trades. Because the idea is to find a suitable trade setup that can be used to execute your trades. The stop-loss and take-profit will be utilized for the trades as well.

It is appropriate to find a suitable market condition to place your trades. But without concentration, you cannot study the markets. Therefore, you will lose the chance of executing a trade securely. As it is not appropriate to worry about losses, you should stop doing that. The frustration and regret of losing money should be avoided as well.

Concentrate on improving skills

Accepting the losses, you need to move on and try to improve your trading edge. As mentioned earlier, you must avoid the trading losses and look for mistakes in the trading plan. That way, you can improvise your trading edge efficiently. You can ensure a decent profit potential within a very short amount of time after joining Forex. 

It will be even better when you can use the demo account to improve your trading strategies. Because you will not lose your money but will improve your trading skills to ensure positive trading performance.

So, instead of the frustration, focus on the market analysis. Try to improve your skills to study the markets properly. Utilize fundamental and technical analysis to find perfect spots for opening and closing a trade. It will reduce tension because the potential losses will decrease with time.

4 Financial Steps to Take after Being Diagnosed with Permanent Disability

When you get diagnosed with a permanent disability, it severely changed your life. You may have pain, difficulty doing the things you used to do, inability to work, and increased financial obligations. It’s rather difficult to handle financial difficulties when you aren’t able to work. 

Here are 4 financial steps to take after being diagnosed with a permanent disability.

Save, Save, Save

Permanent disabilities can come with some hefty costs to see doctors, treatment and medication, and any accommodations that need to be made. You also need to be prepared for any unexpected time off of work. This means you need to save when things are going well to be ready. Put a little bit of money away every check to ensure you have a safety net when necessary.

Find Work You Can Do

You may be forced to resign from your position due to your disability. However, that doesn’t mean you can’t find other ways to make money. Identify your limitations and look for work that you can still do despite your limitations. 



The available work varies greatly depending on your disability. You may be able to talk to your employer to see if you can get transferred to another position that might suit your needs better.

Get Benefits

There are government programs designed to make life easier for people with disabilities. Do your research and see what programs you might qualify for. Look into both social security and medical programs. 

There may even be charitable organizations who step in when the government does not. Do not feel bad about getting help due to your condition. You have to deal with something most other people do not have to go through. Since you have this handicap, you deserve the help.

Call a Lawyer

There are a lot of aspects of learning you have a disability that can be confusing. Luckily, you can find the help you need by reaching out to a disability lawyer. They can answer any questions you have regarding employment law regarding disabilities, filing for benefits, and anything else on the topic of disabilities. This will protect you at work and help ensure you get the benefits you deserve.

There is more to consider when it comes to disability than the physical aspects. The disability can affect the other aspects of your life, including your finances. Follow these tips to keep yourself comfortable.

4 Things You Need to Include When Writing Your Will

No one really wants to contemplate his or her own mortality. At some point, though, any responsible person will decide to create a will so that his or her family will be taken care of after he or she is gone. If you are looking into creating a will, you’ll want to make sure that you take care of the issues below.

Immediate Concerns

Always start with the most immediate concerns. If you have children, make sure that you appoint someone to take care of them. If you have pets, include where you want them to go. 

If you have a business, make sure that someone is appointed to run it in your stead. While these may all sound like very basic decisions, they’re the issues with which your family will first have to grapple when you are gone.

Your Funeral

Don’t forget to pay attention to your funeral in your will. If possible, go ahead and specify the funeral home and crematorium that you wish to use. If you have any special wishes, go ahead and include them—while they may not all be honored due to specific laws and regulations, it’s always good for your family to know what you would have wanted.

Special Provisions

You’ll also want to make sure that you get anything special filed away as soon as possible. If you want to leave the bulk of your estate to a charity, you’re going to want to get it in writing early so that no one will challenge your decision. 



If there’s a special item that you want to go to a specific family member, you also need to include that. Remember, there comes a point at which it really is too late to get these special items included.

Special Circumstances

Finally, make sure that you take care of any special circumstances regarding your estate when you make a will. If you have an unusual family situation, make sure that you specify whether an individual is included or if he or she is being purposefully left out.

If you know that your death might lead to specific issues in your business, make sure that you have some method of dealing with those issues included in your will. Do what you can to ensure that confusion isn’t left in your wake.

Always make sure that your will takes care of immediate issues, list your wishes for your funeral planning, and handles any special situations and provisions that might impact your loved ones. The more information you put in the document, the fewer issues with which your family will have to deal.