Sunday, January 19, 2014

Penny Pick Finders

The best penny stock membership site out there!

Click here to go to one of the best penny stock membership websites I've ever used! It's like freaking crazy! Like my portfolio has shot up like 168% in just 2 weeks! Last year my portfolio started with $1,000 from money I got from my father as a birthday gift and turned it into $114.7K! I bought myself a Nissan GTR using that money! Here's a picture of the car I bought:

I'm pretty sure you would want that car too! I mean come on guys, I made freaking $114.7K from this site. It really works! Now are you going to sit there and let this opportunity go? You have the power to transform your life! Yes, TRANSFORM!

Now look, I wasn't the best trader either. I'm going to be frank with you. Before this site, I had lost about $3,500 of my hard-earned money from working at Taco Bell. I was frustrated and felt stuck. Out of all hope, I gave it one last shot and signed up for this website, and let me say it guys, this website should be renamed to transformyourlifehere.com. So that being said, you guys will be balling in money if you sign up for this website. So go now! Click here to start transforming your life right NOW!

Friday, January 17, 2014

How to Choose Binary Options Platform

from wikiHow - The How to Manual That You Can Edit
Taking the markets by a boom, has become a worldwide trading option that succeeds in offering a wider spectrum of people the opportunity to invest in the world’s markets. Simple to grasp and easily accessible online, this investing route is appealing to its customers with its “all or nothing” outcome, giving investors the security of knowing exactly what they are in to lose from the off start. Popular as it has become, there are now many binary options online trading platforms for investors to choose from which we understand can seem quite overwhelming. Take note of our tips below which offer guidance on how to choose the right binary options trading platform best suited to you.

Steps

Choose a binary options trading platform that offers at least 65-70% returns - One of the many advantages of binary options trading is that the pay-out is determined in advance so the investor is completely aware of what they would earn, or even lose before the expiration of the option. To reap the benefits of a earning with binary options you only need to be in-the-money by 0.001, whether the underlying asset’s movement was great or small. Given this, you should ensure that the binary options trading platform you choose will give you the biggest pay-out possible so you can maximize your earnings. After all, if you could get more for your money, why wouldn’t you? We recommend using this software.
Trade on a platform that offers a return, even when the outcome is an out-of-the-money result - As frustrating as it is when you are presented with an out-of-the-money result, all may not be lost if you trade with a site that offers investors a payback, even for a disappointing outcome like this. There are binary options trading platforms, few that they are, that do offer as much as a 15% return on all out-of-the-money results which is a great advantage to consider when narrowing down different trading platforms choices to suit you.
Choose a trading platform that offers a wide range of assets - With the media being a great tool for investors trading in binary options one can keep up-to-date with news of movements and fluctuations in the main markets. Financial news reports and online figure charts provide a good scope to make backed decisions when making a bet. This said, the wider the options of assets a site has to choose from and the more known that the assets are provide the investor with better ground when all fingers from outside sources are pointing to particular movements. You wouldn’t want to limit yourself to a site that has slim pickings when there are those who can open the doors to a wider and richer choice.
Be aware of platforms with excess charges - With money coming in and hopefully not too much going out, the last thing an investor needs from an online binary options platform is additional charges that may be applied for things like depositing money. Look out for sites that charge extra for these things and luckily there are sites that charge no such fees.
Select a trading platform that has a promising customer service obligation - Whether you’re just a beginner or old-hat at trading binary options, there may be times when you will need advice or support when trading online. Whether it’s technical queries or some simple guidelines, a good customer services team is an important factor when choosing a binary options trading platform and can be an essential piece of the puzzle in smoothing over some lines, making way for some successful returns. Many sites have local help-line numbers for every country they service.
Use a trading platform that resources good security measures - Now this is important stuff. For your binary options trading platform to be completely safe for you to use, the most necessary element to look out for is encryption, being sure that it is equipped with 128 bit SSL encryption from a market leading security provider. This acts as your only protection against online theft.
It may pay to look at some of the sites that warn against particular platforms which may be running fraudulent businesses. One such is Optimarkets who do not pay out withdrawals. In essence, if you deposit no matter whether your have a win or loss whilst trading, they will not pay you. They are fraudulent so beware.

Tips

Minimal experience necessary. The binary options trading strategies that you can employ during your binary options trading experience are countless. The basic binary options trading tip for employing different binary options trading strategies is that you’re the boss. This means that you should do what’s right for you, as you should choose the binary option trading strategy that best suits both you and your trading style. You should also take into account that most successful binary options traders simultaneously adopt different binary options trading strategies. Therefore, the more binary options trading experience that you have – the better.
Purchasing both a Call and a Put option. Increasingly popular binary options trading strategy nowadays is that when traders are often in the middle of a trade, and they see that their option will finish trading out-of-the-money, they buy an options in the reverse direction. For example, if you invest $100 buy an end-of day Call option of Nasdaq at a strike price of $1,1800, and if after a few hours you feel, the option is going against you, you may think about several binary options trading strategies. One of the most straightforward of these binary options trading strategies is buying a Put option of the same value ($100). By choosing this binary option trading strategy, at least you can minimize your potential losses.
Purchase a Call or Put option. The most straightforward binary options trading strategy is purchasing either a Call or put option. The advantage of this strategy is that it is very simple. For example, if you invest $500 in a Put option of the EUR/USD, end-of-hour, then for example, with anyoption™, if the pair finishes trading lower by the end of the hour, you get $850. Even if the option you purchased finishes trading out-of-the-money, you still receive 15% return of your initial investment.
Market pull strategy. One of the most straightforward, but tricky of all the binary options trading strategies is the market pull strategy. The idea of this binary options trading strategy is to invest in either a Call or Put Option on dramatic changes in the financial markets. For example, news was leaked that the dollar will plummet, and then a skilled binary options trader may purchase a Put option of USD/JPY. The basis of this binary option trading strategy is that the pair will decline. Therefore, the trader will receive high profits. Many binary options traders have made huge profits from this binary options trading strategy.
Doubling your trades. One of the most popular binary options trading strategies for advanced traders is doubling your trades. Let’s say that you purchased a $100 Put option of Dow Jones at 10,033. If the trade is going in your favor and trading below this level, then purchasing another Put option may be an attractive binary option trading strategy to adopt. The benefit of this is that you can make very high profit on your initial investments. Binary options trading strategies such as this are usually only adopted by binary options traders that have advanced knowledge of the financial markets.

Related wikiHows

How to Get Started With Binary Options and Binary Options Trading

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Choose Binary Options Platform. All content on wikiHow can be shared under a Creative Commons license.

Get stock picks from Jason Bond!

Who is Jason Bond

Jason Bond made his mark (and his fortune) on Wall Street by spotting opportunities, pouncing and locking in those profits fast. Now, for the first time ever, he's decided to share these proven strategies and techniques. It’s simple. You’re in the market to make money. But even if high-priced stocks like Google move up a few points, you may still only realize a small gain. In his experience, and he's seen it happen over and over again, the big profit opportunities are in lower-cost stocks with future growth. Here are some recent picks that have paid off… and could have paid off for you! +94% or +$40,976 Corporate Resources (AMEX:CRRS) in just 3-days +13% or +$8,774 Zynga (NASDAQ:ZNGA) in just 3-days +100% or +$20,205 Liquidmetal Technologies (OTCBB:LQMT) in just 5-days But he wants to be honest with you — these kinds of plays can be risky. You have to do extensive research to make sure you’re not putting your money on losers. Easy to say but hard for an individual investor to do with limited time and limited resources. He will do all the research, identify potential winners, and alert you not only when to get in but, just as important, when to get out. If you are an active investor who’s interested in bigger gains faster, are willing to trade several times a week, and ready to take a bit more risk in the hunt for bigger payoffs, then I urge you to give his swing trade alerts a try. Click here to get started!

How to trade microcap and penny stocks

How to Pick and Trade Penny Stocks

from wikiHow - The How to Manual That You Can Edit
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million.[1] They are sometimes referred to as "the slot machines of the equity market"[2] because of the risks involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow these steps. There is also software out there that can help you to trade microcap and penny stocks. We use this software and we are making mega returns!

Steps

Invest within your Means. Penny stocks are as risky as larger stocks if not traded wisely. Set aside sufficient savings to last three months in case the investment goes wrong.
Understand why penny stocks are considered a dangerous investment. Penny stocks are among the most volatile and most manipulated form of investment in the stock market. The companies usually have no track record of solid financial performance.[3] In addition, the stocks are often manipulated by scam artists.[3][4]
Get at least one year's experience with mid- and large-cap stocks first. You should become adept at reading a balance sheet, income statement, and cash flow statement during this time.[1]
Learn more about the specific aspects of penny stocks that make them both potentially lucrative and dangerous to your portfolio. Understand the mechanics behind money flow, market capitalization, and share structure. Also understand the purpose of a public company and the commonality of scams, dilution, and loss of investment value associated with penny stocks.
Know which stocks to reject off the bat:[1]
- stocks that aren't traded on one of the major U.S. exchanges (aka bulletin board or over-the-counter [OTC] stocks)
- companies that have less than $10 million in revenue annually
- any company recommended in e-mails about penny stock trading (promoters are often paid to create hype so that the shares will sell)
- companies in industries that you don't like or understand well (based on your experience)
Look for "Red Flags" - Common attributes of companies running a scam or operating for the sole purpose of raising money via stock dilution.[5]
Look for companies that have consistently generated cash and are growing their free cash flow over time.[1] Avoid companies with a heavy debt load.[2]
Instead of share prices, compare price per share against book value per share (assets minus liabilities).[2]
Buy companies at a very low multiple on their cash flow (ideally under six times).[1]
Limit any tiny stock to no more than 5% of your portfolio.[1]
Trading is not a hobby, its a business. That means understanding and managing your profit and loss. Once this thought pattern is established, it makes the whole process so much easier. Simply ask, "Will this investment / trade / software / subscription make or lose me money?" Once an answer has been established, a clear course of action will present itself.
Get some great investment management software. These days, a speedy internet connection and good money management and investment software costs virtually nothing. Why spend the time and effort trying to figure out the best ways to do things when solutions already exist. Ideally, look to purchase two types of software. One will be for personal money management. This can be used for profit and loss and keeping track of the costs of subscriptions, stockbrokers and the like. The other will be used for tracking stock and fund prices, storing company news, technical and fundamental analysis and more.
Get an education. Warren Buffett has suggested in the past that every investor should be able to understand basic accountancy principles, an annual report and stock market history. You probably do not need to become an accountant, but being able to understand the scoring system of the game can only help.
Learn about money management. Every investor will have the occasional (at best) loser and it is vital that no individual trade can wipe out a portfolio. Understanding asset allocation is vital.
Read widely. Getting a wide-ranging education in personal finance, corporate finance, taxation, economics and investment theories will help. However, finding areas of the world or business in which you can become relatively expert can help in the process of finding good trades.
Find a good penny stock service to subscribe to. Many of the suggestions above can now be covered by joining a trade advisory service. These services now aim to pick stocks, offer trading and portfolio management software and educational services too. If things go well, then by investing in the stock market picks, the service can be paid for with profits. Though these services are often not 'cheap' they are generally very valuable and can help to make an investor or trader profitable whilst learning the ropes. This is a great way to learn or experience the stock market for beginners.
Know when to Quit. Setting a time to sell your stocks is important because it can change the course of your investments. Capping at 50% profits is already a good margin. Getting greedy and expecting further profits can make stocks wipe out the investments.

Video

The classic chart of a pump and dump in the penny stock world. Watch and learn to identify this chart.

Tips

Depending on the person running the website, penny stock newsletters can be very helpful for finding good information, and getting great gains. Many people have mixed views about using them because people who do not know how to trade consider them "pump and dumps" in reality, they send out information about a particular stock to many different investors, many of these investors then end up investing into the company creating a big "pump" naturally, after you have made your profit as a day trader you look to get out of the stock. Some people just hold too long and don't pay attention to what's happening and then lose their profits when other people are selling to make theirs.

Warnings

Be very careful in starting out with stocks trading near $1 or lower as these are the most often abused and over-hyped investments in the stock market today.
Be aware that a very low-priced stock may be more susceptible to overvaluation--being really worth not pennies per share that it is trading for, but virtually nothing--because, like a lottery ticket, some people are willing to pay (or irrationally convince themselves that they are not paying) considerably more than the mathematical expected value[6] for a remote chance of making a great deal of money.

Related wikiHows

Sources and Citations

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Pick and Trade Penny Stocks. All content on wikiHow can be shared under a Creative Commons license.

Choosing a Binary Options Platform

How to Choose Binary Options Platform

Steps

Choose a binary options trading platform that offers at least 65-70% returns - One of the many advantages of binary options trading is that the pay-out is determined in advance so the investor is completely aware of what they would earn, or even lose before the expiration of the option. To reap the benefits of a earning with binary options you only need to be in-the-money by 0.001, whether the underlying asset’s movement was great or small. Given this, you should ensure that the binary options trading platform you choose will give you the biggest pay-out possible so you can maximize your earnings. After all, if you could get more for your money, why wouldn’t you? We recommend using this software.
Trade on a platform that offers a return, even when the outcome is an out-of-the-money result - As frustrating as it is when you are presented with an out-of-the-money result, all may not be lost if you trade with a site that offers investors a payback, even for a disappointing outcome like this. There are binary options trading platforms, few that they are, that do offer as much as a 15% return on all out-of-the-money results which is a great advantage to consider when narrowing down different trading platforms choices to suit you.
Choose a trading platform that offers a wide range of assets - With the media being a great tool for investors trading in binary options one can keep up-to-date with news of movements and fluctuations in the main markets. Financial news reports and online figure charts provide a good scope to make backed decisions when making a bet. This said, the wider the options of assets a site has to choose from and the more known that the assets are provide the investor with better ground when all fingers from outside sources are pointing to particular movements. You wouldn’t want to limit yourself to a site that has slim pickings when there are those who can open the doors to a wider and richer choice.
Be aware of platforms with excess charges - With money coming in and hopefully not too much going out, the last thing an investor needs from an online binary options platform is additional charges that may be applied for things like depositing money. Look out for sites that charge extra for these things and luckily there are sites that charge no such fees.
Select a trading platform that has a promising customer service obligation - Whether you’re just a beginner or old-hat at trading binary options, there may be times when you will need advice or support when trading online. Whether it’s technical queries or some simple guidelines, a good customer services team is an important factor when choosing a binary options trading platform and can be an essential piece of the puzzle in smoothing over some lines, making way for some successful returns. Many sites have local help-line numbers for every country they service.
Use a trading platform that resources good security measures - Now this is important stuff. For your binary options trading platform to be completely safe for you to use, the most necessary element to look out for is encryption, being sure that it is equipped with 128 bit SSL encryption from a market leading security provider. This acts as your only protection against online theft.
It may pay to look at some of the sites that warn against particular platforms which may be running fraudulent businesses. One such is Optimarkets who do not pay out withdrawals. In essence, if you deposit no matter whether your have a win or loss whilst trading, they will not pay you. They are fraudulent so beware.

Tips

Minimal experience necessary. The binary options trading strategies that you can employ during your binary options trading experience are countless. The basic binary options trading tip for employing different binary options trading strategies is that you’re the boss. This means that you should do what’s right for you, as you should choose the binary option trading strategy that best suits both you and your trading style. You should also take into account that most successful binary options traders simultaneously adopt different binary options trading strategies. Therefore, the more binary options trading experience that you have – the better.
Purchasing both a Call and a Put option. Increasingly popular binary options trading strategy nowadays is that when traders are often in the middle of a trade, and they see that their option will finish trading out-of-the-money, they buy an options in the reverse direction. For example, if you invest $100 buy an end-of day Call option of Nasdaq at a strike price of $1,1800, and if after a few hours you feel, the option is going against you, you may think about several binary options trading strategies. One of the most straightforward of these binary options trading strategies is buying a Put option of the same value ($100). By choosing this binary option trading strategy, at least you can minimize your potential losses.
Purchase a Call or Put option. The most straightforward binary options trading strategy is purchasing either a Call or put option. The advantage of this strategy is that it is very simple. For example, if you invest $500 in a Put option of the EUR/USD, end-of-hour, then for example, with anyoption™, if the pair finishes trading lower by the end of the hour, you get $850. Even if the option you purchased finishes trading out-of-the-money, you still receive 15% return of your initial investment.
Market pull strategy. One of the most straightforward, but tricky of all the binary options trading strategies is the market pull strategy. The idea of this binary options trading strategy is to invest in either a Call or Put Option on dramatic changes in the financial markets. For example, news was leaked that the dollar will plummet, and then a skilled binary options trader may purchase a Put option of USD/JPY. The basis of this binary option trading strategy is that the pair will decline. Therefore, the trader will receive high profits. Many binary options traders have made huge profits from this binary options trading strategy.
Doubling your trades. One of the most popular binary options trading strategies for advanced traders is doubling your trades. Let’s say that you purchased a $100 Put option of Dow Jones at 10,033. If the trade is going in your favor and trading below this level, then purchasing another Put option may be an attractive binary option trading strategy to adopt. The benefit of this is that you can make very high profit on your initial investments. Binary options trading strategies such as this are usually only adopted by binary options traders that have advanced knowledge of the financial markets.

Related wikiHows

How to Get Started With Binary Options and Binary Options Trading

How to understand Binary Options

How to Understand Binary Options

from wikiHow - The How to Manual That You Can Edit
Before I tell you how to understand binary options, there is software out there that can help you save time and make you money without you to understand any of this. Click Here! if you are interested in this software. It really helps! A Binary Option is a type of option where the payoff is all or nothing. Because of this characteristic, Binary Options can be easier to understand and trade than traditional options. Binary Options are cash-settled as European-style options, meaning they can only be exercised on the expiration date. If, at expiration, the options settle in-the-money, the buyer or seller of the options receives a pre-specified dollar amount. Similarly, if the options settle out-of-the-money, the buyer or seller of the options receives nothing. This provides a known upside (gain) or downside (loss) risk assessment. Unlike traditional options, Binary Options provide full payout due to a single pip movement. Despite the term "all or nothing", depending on the actual trading platform, "nothing" can actually mean "something". This means that at expiration time the owner of the option may actually get a certain payout amount, even if the option expired "out of the money". Very often you may encounter binary options under another name. In forex exchange market Binary Options are known under the name of digital options.

Steps

Learn the two outcome options. A trader of Binary Options needs to anticipate the expected direction of the price movement of the underlying asset. Unlike traditional options, knowing the direction of the price movement, as well as magnitude of the movement, is not required. If the investor has an opinion about an underlying asset and wants to places a trade, s/he can trade Binary Options.
Decide your position. Buy if you believe the market price will rise or the economic event will occur. Sell if you think the opposite. If your insight is correct, on the expiration date, your payoff is the settlement value of your contract.
Learn how the price is determined. The price of a Binary Option contract is equal to the probability of the event happening. For example, if the contract value has a value of $100 and the last trade of the contract was at $96.00, it is an indicator that 96% of the market believes that the event is going to happen and the contract will end up in-the-money.
Learn the advantages of trading Binary Options over Traditional Options.
- Binary Options are generally simpler to trade because they require only a sense of direction of the price movement of the underlying asset, whereas traditional options require a sense of direction as well as the magnitude of the price movement.
- Binary Options have controlled risk to reward ratio, meaning the risk and reward are pre-determined at the time the contract is acquired. Traditional options have no defined boundaries of risk and reward and therefore the gains and losses can be limitless.
- Binary Options provide nearly all the trading and hedging strategies that are possible while trading traditional options. Binary Options maintain a level of trading sophistication and functionality.
- Unlike a traditional option, the payout amount is not proportional to the amount by which the option ends up in-the-money. As long as a Binary Option settles in-the-money by even one tick (regardless of how much in-the-money it is), the winner receives the entire fixed payoff amount.
- Binary Options offer contracts with short-term durations. In some markets, Binary Options contracts close multiple times throughout the trading day, while others may last as long as a quarter. This provides the trader with several investment opportunities and flexibility as markets change over time.
Learn where binary options are traded. Binary Options have been enormously popular in Europe and are extensively traded in major European exchanges, like EUREX. In the United States, there are a few places where Binary Options can be traded. The Chicago Board of Trade (CBOT) offers Binary Options trading on the Target Fed Funds Rate. To trade these contracts, traders must be members of the exchange or investors are required to trade through such members to execute a trade - the value of each contract is $1000.
Check the implicit transaction costs of a binary option. By way of comparison, a commission of only a few dollars to buy thousands of dollars' worth of a stock and another few dollars to sell it costs only a fraction of a percentage point in returns that you would have to make up for in skill to break even. What percentage of the time would you have to be correct to profit from the binary option you are contemplating? How different are the terms (for instance, "strike price") for one side of the trade you are contemplating and the other side (or, more precisely, its reverse)? If they are far apart, one would have to successfully predict that the underlying assets would move far from what the option-sellers predict--generally something between the terms offered for different sides of a transaction--which would be unusual to occur. It is extremely rare and difficult to out-guess the market consistently, so high transaction costs can easily hurt or eliminate returns.

Tips

Know how to interpret a Binary Option price - The price at which a Binary Option is trading is an indicator of the chances of the contract ending in-the-money or out-of-the-money.
Understand the relationship between risk and reward - Risk and reward go hand-in-hand in binary option trading. The more the risk or unlikelihood of a particular outcome occurring, the greater the reward associated with it. An intelligent investor understands and weighs each contract on these two matrices before taking a position in a contract. As an example, an investor who follows foreign currency movements senses that the USD is gaining ground against the YEN and wants to hedge his risk and try to protect his Japanese investment from dropping in value. He may do this by buying 10,000 binary contracts on HedgeStreet, which are “USD/YEN rate will be above 119.50” by 4:00 PM ET tomorrow. If his analysis is correct and the USD gains ground over the Yen, rising above 119.50, the 10,000 binary contracts will expire in-the-money, yielding a total payout of $1,000,000. If he paid $75 per contract, he will make $25 per contract, which is a $250,000 total profit - a 33% rate of return on his investment. However, if the Yen did not end above 119.50, the 10,000 binary contracts will expire out-of-the-money. In this case, the trader would lose his initial investment on the binaries, but would be compensated by the gain in value in his Japanese investments.
Know when to get out of a position - An intuitive trader acts promptly when he feels that his binary contract is going to end out-of-the-money at expiration. Example: You have a $75.00 Silver contract that you feel is not going to expire in-of-the-money. Instead of holding it until expiry, selling it at $30.00 and neutralizing your open interest will help you manage the loss (i.e. $45.00 instead of $75.00).
Know the underlying asset - Binary Options derive their financial value from underlying assets.Before investing in a Binary Options, make sure you understand the underlying asset, are familiar with the relevant financial markets and where the asset is traded. Example: Silver Futures are listed on NYMEX/COMEX.

Related wikiHows

Sources and Citations

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Understand Binary Options. All content on wikiHow can be shared under a Creative Commons license.

How to buy Penny Stocks

How to Buy Penny Stocks from the USA

from wikiHow - The How to Manual That You Can Edit
There is no limitations to where you live globally in order to purchase penny stocks. You can live in China or Peru and still purchase penny stocks. Sometimes you can use software to help you find penny stocks. We recommend using this software!

Steps

There is no limitations as to where you live in order to purchase penny stocks. There are many different penny stock brokers listed online. Do a quick google search for "penny stock broker" and numerous brokerages will fill the search page.
Scan through the many different brokerages until you find one that best fits yours needs. Different brokerages have different fee's per trade.
Search for "open an account" and enter all of the required information. Be honest. If you need help filling out any of the required forms contact the brokerage and they will assists you.

Tips

There are many penny stock newsletters online that offer assistance on learning to trade penny stocks and alerts hot stocks to their subscribers

Warnings

The penny stock market is very risky and if you are not careful you can lose your entire investment.

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Buy Penny Stocks from the USA. All content on wikiHow can be shared under a Creative Commons license.

Thursday, January 16, 2014

The best Forex software ever

How to Choose the Best Forex Software

from wikiHow - The How to Manual That You Can Edit
The most successful forex (foreign exchange market) brokers, investors, and traders waste no breath in telling the fledgling player in the forex market that the success is in the system. Unfortunately, finding the system that works the best for you is sometimes as difficult as choosing the best forex software to use when you are actively involved in the foreign currency exchange arena. Here are three steps to follow when it comes time for choosing the best forex software.Click Here for our recommended software!

Steps

Pick the right software to begin with. Nearly all of the forex software products available on the market offer live online forex trading features, but how will you know which one is the best application for you? The easiest answer to that comes from knowing your needs and level of skill with currency exchange. You need to choose the software that will be the easiest for you to navigate and utilize to the best of your ability. If you have difficulty in understanding how the software operates, you are doomed from the beginning and have spent good money for nothing. You want to find a software application that helps you understand three things: • how interest rates are applied when they are included in the equation • the economies involved --- local, national, and international • the concept of foreign exchange and international trading.
Find a software application that employs good security measures. This should probably be the first step, but all three of these can be construed of equal importance based on your attitude about what they each entail. Before deciding on the software you purchase, consider this feature before even thinking about making a serious mistake. In order for any software to be safe from hackers, the most necessary element is encryption. That forex trading application should come equipped with 128 bit SSL encryption. It’s your only protection against hackers, and you can believe that they are out there en masse when it comes to how much havoc they can wreak on your finances and personal information with online trading involvement. Just remember that your personal data and other personal information (e.g. your account balance, transaction history, etc.) are just as available to the hackers and other “internet freeloaders” as it is to the forex market.
The best software comes with quality customer support features. It does you absolutely no good to invest in any forex trading software if you can’t get support for answering questions as well as tech support. You’re going to be somewhat lost at the start to begin with, and will need all the help you can get until you have become familiar enough with things to be comfortable. The best software comes with round-the-clock protection and security features.

Tips

Additionally, make sure the software comes with the following features as well: A security system that prohibits unauthorized access to your account Daily backups of all your information and transactions 24 hour maintenance should anything malfunction 24 hour technical support when you are having related difficulties

Related wikiHows

Sources and Citations

http://compare-beforex.com/tradingPlatform.htm

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Choose the Best Forex Software. All content on wikiHow can be shared under a Creative Commons license.

Sunday, January 12, 2014

Diversifying your portfolio - The Investing Folio

Diversifying your portfolio

Why is diversifying your portfolio important?

Imagine you had one stock in your portfolio. You've put all your life savings into it, so basically you're whole life on it. What if it goes up? Hooray, you've just made a lot of money, good for you! But what if it goes down? What if it tanks? What will you do now with half of your life savings wiped out in front of your eyes? That is why diversifying your portfolio is very important. You won't lose all your life savings in a blink of an eye. Say instead you invested in 5 different stocks, and 3 of them go up, and 2 go down. You've made money from 3 and lost from 2. You're safe in this case. Basically all diversifying means is that you don't put all your eggs in one basket! Happy investing!

What if you want unlimited abundance? How great would it be to buy your wife the necklace she's always wanted? Or how great would it be if you could get that car you've always wanted? Well you've absolutely came to the right spot. Click the link below and unlock the secrets to unlimited abundance! Yes, there are secrets to becoming rich beyond your dreams! Why wait? Go check it out!

Click Here for Unlimited Abundance!