Guest Contributor on Money Questions and Answers Blog

The Best College Financial Planning Tips for Parents You Need to Know

The Best College Financial Planning Tips Parents Need To Know Now!

As a parent, you want only the best for your kids, which includes a college education. While they are likely stressing about SAT scores and college essays, you have to worry about finding the money to send them off to college. Today’s cost of higher education can be a financial drain on even the best-off families. The key is to start your financial planning for college early so when the time comes with these college financial planning tips, you will be prepared. The following college financial aid tips will help you plan for your kid’s college costs, without having to spend the rest of your life making payments. Getting college financial planning tips from a reputable professional like Robbert Yancovitch … Read more

How to Choose the Right Trading Platform For You

by Guest Contributor

The currency markets are fast-paced, volatile, and tempestuous, and they can pick you up and spit you back out in the blink of an eye. For those who are risk averse, lack commitment, or are unwilling to put the time into learning about them, they’re not the right investment. But, how do you choose the right trading platform for you?

However, they have much to redeem them. They offer dazzling opportunities for those that take the time to grasp how to play the game, and are not only accessible and flexible, but also fantastically thrilling. And, with the right strategy and set up, they can offer glorious triumphs.

A large part of learning how to trade them successfully comes down to the trading platform that you use, and if you don’t spend time and effort researching your options and finding the right fit, then it could end in disaster.

So, to stop that from happening, here’s a short guide to help you…

How to Choose the Right Trading Platform For You

Step One: Work Out a Budget

Although forex is monetarily accessible compared to many of its counterparts, it still costs to trade the currency markets, and you need to have a clear budget before you can begin to consider your options. Different brokers will charge various amounts for their skill and the degree of service you receive, and you’ll find that some trading platforms will also cost significantly more than others.

This means that it’s imperative to know how much you can afford before you begin considering the possibilities. So, take the time to realistically assess this before you start your search.

Step Two: Look at MetaTrader 4 and MetaTrader 5

One of the main differences between various trading platforms is whether they use MetaTrader 4 or MetaTrader 5, and there are some significant variances between the two. Although the latter was originally envisaged as a successor to the original, so many traders clung to the older version that they now exist side by side. Glenmore Investment is a top brokerage firm that uses MetaTrader 4, and the firm is an innovator in the financial field, offering clients the most advanced interfaces available.

Why You Should Regularly Check Your Credit Report

by Guest Contributor

You need to check your credit report often. If you think you only need to think about your credit report when seeking a loan, think again.

Your credit report is a valuable tool in identifying reporting errors and is even an early warning for identity theft. Being proactive in monitoring your credit score can help you resolve previous credit problems faster and help you avoid future credit problems altogether.

When and How to Check Your Credit Report

It’s recommended that you check your credit score at least once a year. There are three major consumer reporting companies that can provide your credit score: Equifax, Experian or TransUnion.

You can contact any of them to sign up for a detailed credit score subscription. However, you’ll have to pay for such services, whereas the U.S. government provides free access to your credit report through each of the three consumer reporting companies once each year via AnnualCreditReport.com.

To make the most of this free service, you can check your Equifax credit report early in the year, your Experian credit report in the middle of the year and your TransUnion report later in the year, for example.90% of top lenders use FICO® Scores. What’s your FICO® Score? Find out now for $1 with enrollment in Experian Credit TrackerSM!

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Why You Should Regularly Check Your Credit Report

You need to look for errors in your reports.

Your credit report affects how much money your bank is willing to loan you (if any at all) and on what terms. If there is a reporting error from any of the three reporting companies, it’s important to take care of it immediately, before you try to apply for a loan. Aside from banks, potential employers also could request a copy of your credit report.

By regularly checking your report, you can spot discrepancies as soon as they arise and avoid a major headache when applying for a loan or a job. Check to make sure your name and basic information is up to date and spelled correctly and that all of the credit cards or loans that are listed are actually yours.

Your credit report can alert you to identity theft.

When looking for errors in your report, you might see that someone else’s social security number is listed, or that it includes loans that you never applied for. These mistakes could have been made by the consumer reporting company or by your creditors, or they could point to a much larger problem: identity theft.

AlfaTrade: Conducting Effective Fundamental Analysis in the Forex Market

by Guest Contributor

Deciding to trade the Forex market often brings people to the subject of – how do you trade it? Do you just blindly rush into a position if you see a currency pair’s price spike?

Perhaps diversify your portfolio and open positions in different major and exotic currency pairs to manage risk? Having a clearly outlined strategy is the minimal requirement for trading any financial market, let alone a market as volatile as Forex.

Why Fundamental Analysis?

While strategies implemented by hedge funds, professional retail investors, and majority of the average Joe traders stretch out by the hundreds, trading strategies are divided into two major categories – Technical and Fundamental. Although over the years, price action trading, which some would say combines both technical and fundamental indicators, have also become a well-accepted approach within the community.

Technical analysis brings a trader into the numbers side of the coin. The concept is that a trader can predict future price movement based on historical data, such as moving averages, daily highs and lows, and Fibonacci levels. In fact, majority of technical indicators you’ll find preconfigured in your broker’s trading platform, such as AlfaTrade, and those being sold by third-party websites use this data to calculate future price movement.

TorOption: Binary Options Simplify Trading Financial Markets

by Guest Contributor

When it comes to trading, there are many asset classes to trade. These include stocks, bonds, options, futures, commodities, foreign exchange (forex), and others. There are also many ways to enter trades. You can buy or sell stocks, or call and put options on them. With foreign exchange trading, you can buy it at spot, get a futures contract, or an option on futures. Doing it all from a single account is not that common. For example, a typical online broker will offer its clients an opportunity to trade stocks and options. But not foreign exchange and commodities. On the other hand, a forex broker will not offer stock trading. In addition, applying various ways to enter trades (such as … Read more

How to Save to Buy a Home While Barely Make Ends Meet

by Guest Contributor

Buying a home is a smart investment in your own future, and it’s an aim everyone should start with as early as possible. Nevertheless, in some cases, it does make sense to put off such an investment — such as when you are unsure of the future of your job, or your marriage, or when home values appear volatile. Saving to buy a home even when you live paycheck to paycheck is possible. Most people who put off the decision to buy a home, though, have none of these reasons in mind. They simply choose to delay the day they buy, because they cannot figure out how they might ever put together enough each month for mortgage payments, leave alone a … Read more