Announcements

As members of the working class, we spend most of our time at work making money so we can pay the bills, put food on the table, and treat ourselves once in a while. To be able to live comfortably, one important saving tip is to somehow increase our source of income and to cut down on our spending. 

The good thing money is, it is never too late for anyone to start saving and investing—whether you just got out of college or someone in their late 50s, you will find each and every tip on this article very helpful if you wish to live a more comfortable life and secure a brighter future free from debts and other unnecessary financial obligations.

SAVING

Do not rush and start small

It is important that you start out on a financial goal that is easy for you to achieve. You can start by allotting $30 from your monthly paycheck to establish your emergency fund in cases that lead to inevitable expenses—such as if your car needs some repair, you unexpectedly got laid off, or you need money for medicine.

Set aside a small portion of your paycheck every month until you are more comfortable saving a bigger amount. This emergency fund must not be kept as a long-term asset but instead in savings account or money market account that is highly accessible for you in case of emergency.

Do not spend more than you can earn

Ask yourself these questions: (1) Do I spend more than I can actually earn? (2) Are my debts starting to accumulate out of hand? If you answered yes to either of the questions, then you are probably overspending. To be able to live comfortably, one must learn how to live within one’s means. List down your expenses and take a moment to think what needs to go and what needs to be prioritized.

Read more

Of all the tools a trader must have in his/her arsenal, an intuitive and easy-to-use platform is secondary to none. The right platform can easily aggregate information, analyze large data chunks, provide technical indicators and signals, and overall can make the life of a trader simpler. Comparing all the available Forex trading platforms today, MetaTrader 4 is unarguably the most popular among the slate. This guide is ideal for both the complete novice who just signed up for a trading account recently and to intermediate traders who have only scratched the platform’s surface and have yet to access its full potential. 

What is MT4? 

Short for MetaTrader 4, MT4 is a digital trading platform that is widely used to trade the trillion-dollar Forex market. Although free to use for different market participants, the platform is used predominantly by retail traders, those who trade for themselves and are usually stationed at a home office. MT4 was created by MetaQuotes Software and was launched in 2005. Instead of being sold as a financial product directly to clients, MetaQuotes Software licensed it to Forex brokers like Royal Capital Pro who then provided the platform to their clients. 

Why is MT4 Essential? 

MetaTrader 4 is distinguished from the rest of the available trading platforms in several ways, one of which is its functionality. User interface is integrated with an editor and compiler along with access to a large library of software. The software is open source and free to use so it’s a great tool for traders who are looking to build trading systems and scripts themselves. To be able to write these systems, MT4 comes with its proprietary language called MQL4/MQL5. This scripting language allows users to create Expert Advisors, which as the name implies advises the user when a predefined set of parameters are triggered.

Read more