Announcements Archives

4 Binary Options Myths That Are Holding You Back

Trading binaries can be a challenge, even when you understand how much potential they represent. One reason people often struggle with these trades is because of how many binary options myths are out there. Here’s a look at four of the most common ones you’ll want to be aware of.

Bonuses Go Hand-in-Hand with Trading

Just about every broker out there offers some type of bonus for signing up with them. To some degree, this is to be expected. It’s a cutthroat market at the moment, so every broker out there is doing their best to outsell their competitors. Maybe someday this will slow down a bit, but it’s not going to be any time soon.

Accepting a bonus isn’t a big deal, but it cannot be allowed to cloud your vision. Never pick a broker solely because of the bonuses they offer. In fact, you should ignore the bonuses altogether. Look for brokers with experience, solid reputations, good software and who are the right fit for where you are right now in your binary options trading journey.

Above all, never keep your money tied up with a broker because they’re giving you bonuses to do so. There is a long list of traders who have lost their shirts because they didn’t withdraw any money—to ensure they received attractive bonuses—and eventually it was too late.

Experience in the Stock Market Carries Over

Of all the binary options myths, this one may be one of the hardest for people to accept. Being a successful trader on the stock market can definitely help you succeed when you try your hand at binaries.

How To Make Money By Trading Online

by Guest Contributor

Trading online is one of the most interesting ways make some money. Folks are drawn to trading because a lot of the bank products where your money is tied doesn’t give you the high profits that the trading business can.

Although, when it comes to online trading of underlying assets, there will always be a level of risk involved. This simply means that if it is a good way of making your money gain profit, you can also lose some from it. But with the right information to guide you through, this can be a highly profitable endeavor.

The Basic Strategies of Trading Online

Here are some of the strategies that will certainly help you achieve your goals in trading online.

The first is to go long while prices are low. This simply means that the best time to buy an asset is when these have reached low prices.

However, the tricky part here is anticipating when prices are going to go up or down. There is actually no way of knowing hence you will have to learn how to read the market. Part of going long or buying an asset means that you need to do a little research on the company offering it.

This will let you know if the assets’ value is not at par with industry standards. Proof of this can be seen in the earning’s that the company has gained per share sold and the interest of its employees in investing in the asset. Companies that are listed in volatile markets is where you gain more profits.

Weekly Roundup: Everyone Should Have Their Own Theme Song

by Hank Coleman

I almost for about this commercial from Starbucks that came out a couple of years ago. Needless to say, I love it! I always have. Everyone deserves to have their own theme song. I even tried to make this my ringtone at one point too! Do you have your own theme song?

Here are some of the best articles I have seen on Google+, retweeted on @MoneyQandA, shared on Facebook, and read in my RSS Reader this week. These are some of my favorite money investing, retirement, and other finance related articles this week from some great personal finance writers around the web. Be sure to check them out!

Would You Stop Speeding To Pay Lower Premiums? @ Money Beagle
Mortgage Insurance; Annoyance or Helper? @ Beating Broke
Socially Responsible Investing: Where’s Your Limit? @ The College Investor
Donating Money to Your College: Do You? @ Tie The Money Knot
Financial Moves To Make Before And After The Fiscal Cliff @ Financial Samurai
Are My IRA Contributions Tax Deductible? @ Financial Ramblings

My Favorite Financial Tools That I Use

by Hank Coleman

For the past few months or so, I have been trying to compile a list of all the resources that I use and would recommend to others. I have written here on Money Q&A that I’m a huge fan of Lending Club. These are my favorite financial tools that I used. I’ve been investing in peer-to-peer lending notes for years now. Sometimes I have picked poorly, but lately, I am on a tear earning over 10% annually thanks to a safer more conservative portfolio of A and B rated loans. I’ve also been investing with Betterment.com now for over six months, and I have been really impressed with there services. I joined right as the market was rebounding last October, and … Read more

Savings In The Age Of Austerity

by Guest Contributor

Ever since the world economy went belly up in 2008, life has been harder for all of us in the age of austerity. One particular group who have felt the pressure more than most are savers. Central banks across the Western world have set interest rates ever lower – so low in fact they can barely go any lower at all. This, of course, means that savers who keep money in bank accounts are feeling the pinch more than others as their money isn’t benefiting from very good interest either.

There are some routes that can be explored to see if we can make the most of our savings. Many people have been looking at websites like Bullionvault for investing in gold which is generally thought to be a more stable investment. Gold is a particular type of investment however and there may be a variety of reasons why you prefer another investment.