15 Reasons Why You Shouldn’t Ignore Forex

During the 90’s, the Wall Street was the best place to make tons of money. Brokers used to say that in order to make money in the stock market, one had only needed to wake up in the morning. Soon enough, thanks to the development of the internet, people started to make money out of trading right from the comfort of their homes.

They no longer needed to become brokers on Wall Street. They could now make money from the comfort of their homes by simple waking up in the morning.

Forex is the biggest online trading market of the moment. Being open to everyone on the planet, this is a 5-trillion a day trading volume market where people can literally get rich overnight. The other side of the coin is also true – they can also lose all of their fortune overnight.

Whether you are a professional trader or a regular person who wants to try a new money making opportunity, you should not ignore Forex. With enough skills, practice and experience, you could be on your way off to a great start with this platform, and you could multiply your earnings.

Here are 15 big reasons why you shouldn’t ignore the Forex trading market:

  1. High Liquidity: you can cash the funds your earn anytime you want.
  1. Always open: you can trade 24/7. You definitely don’t need to wait for the market to open on Monday morning. However, you need to remember that most Forex brokers are still closed on weekends, and the spreads go up Friday night until Monday morning. NEvetheless, this is slowly changing, with more and more traders and brokers being willing to trade in the weekend.
  1. Diversification: according to a study conducted by the Bankrate back in July 2013, investing in the Forex market is the best alternative to stashing the money under the mattress.
  1. Regulation: thanks to the new regulations and oversight by the Financial Institutions of the state, the Forex market has been registered under the Commodity Futures Trading Commission. This means that the state is not against this industry anymore, as it was in the past.
  1. Start small: one of the main reasons to not ignore the Forex trading market is that you can start very small. With just $100, you can make more than $10,000 in a few months. You can also start earning money from the first day.
  2. Transparency: you will never find a more transparent market that what Forex has to offer. As a Forex trader, you have complete visibility on your account at all times.
  1. Easy access: Forex is not a traditional market where access is limited or difficult. Instead, it enables easy access from all areas of the globe.
  1. Open for everyone: in order to trade you only need an internet connection and a trading software/client
  1. Demo accounts: demo accounts are the real deal, especially for new traders with no experience whatsoever. A demo account at CMC Markets allows you to have a real Forex trading experience, but with virtual money. Always use a demo trading account for a few days before investing real money in this platform.
  1. Constant support: there are many experienced traders out there willing to help and guide you. Moreover, you have a lot of online resources to look into.
  1. Extremely stable: the Forex market is very stable, especially due to the fact that it is international. Even though the price of currencies can vary, the fluctuations are not so dramatic to affect this huge market.
  1. You can make profits out of each trade: all you have to do is to use the right tools and to predict the correct trend in order to make good profits.
  1. Keep your job: Forex trading can be done in your free time. You don’t need to become a full-time trader. You can trade at your own pace and keep it like a hobby.
  1. No commission fees: we all want this benefit, and the Forex platforms offers it in full.
  1. Perfect for everyone: ultimately, you should not ignore Forex because it is perfect for you. Whatever your skills, social status, experience or age, this is a great money making opportunity, hobby or job

Stop Buying Cheap Paint and Spend a Few Extra Dollars on Quality

Although I probably should have years ago, I recently have come to the realization that I will never buy Behr paint from Home Depot ever again.  I took on the job of repainting basically the entire house myself and I started in the first room, the ceiling in our living room/dining room great room.  I bought the white ceiling paint from Behr, thinking it was just the ceiling, so a cheaper fresh coat of bright white paint and it will freshen up the room.  The first coat did not go on well, so I was thinking I should use a thicker roller.  After two coats on the ceiling and still not having full coverage, I was frustrated.  First of all, painting the ceiling is not fun anyways, and after two coats, I was expecting to move on to the walls.

I told myself enough is enough, and went to Lowe’s and purchased their Sherwin-Williams HGTV paint, a cheaper version of the premium brand, and I figured it was a good gimmick partnering with HGTV, a station that my wife and I watch quite often, so I bought it.  Not to mention, it was only a few dollars more than the Behr ceiling paint that I bought, so I was not expecting a world of difference, I just wanted a change, without spending the full premium price at a Sherwin-Williams store.

I put on one coat of ceiling paint (on top of the two Behr coats) of the Sherwin-Williams HGTV and it covered perfectly.  Trying not to get too excited since I knew there were already two coats on, I moved on to the next room ceiling and coverage was just as great.  I used two coats in the next room and the bright white looked great with the fresh coat of paint.  I ended getting all of my paint in this brand, doing the walls in a grey and white trim around the molding and could not be happier.  I am not a paint connoisseur by any means, so a modest step up for a few dollars per gallon for me made the world of difference, so I cannot imagine the difference on those that are double and triple the cost per gallon.  Maybe the next time I need to repaint my house I will step up even further in quality, or maybe it will just be time to move.

5 Things to Keep in Mind When You’re Renting from Family

House prices are soaring and high interest rates on mortgages aren’t making the prospect of owning a home any better. The Harvard’s Joint Center for Housing Studies’ State of the Nation’s Housing report shows that homeownership is currently at an all-time low, falling from 69 percent to 63.7 percent.

There are more renters today than ever in the history of the country. The report shows that there has been a 42 percent growth in renters in the past decade. It is therefore not surprising that homeowners are rushing to take advantage of the growing demand for rental property.

So if amidst this mess, you find yourself renting from family, here are five things to keep in mind.

Renting from a family member

Finding the right property to rent can be a hassle. You not only need to consider location, price and size, but also need to find a landlord with whom you can get along with for the period of your lease. Renting from a relative at this point may seem like a good idea. However, special precautions must be taken to ensure that your relationship is not tainted as a result of your tenancy.

  1. Agree on a fair rate for rent

Money is always an issue and can be the cause of disagreements between you and your landlord. When that landlord is family, things can become especially tricky. It is therefore important to discuss their rent expectations and determine whether you can afford it. It is important to be fair and agree on a rate that corresponds to market value. You’ll otherwise be causing your relative to go at a loss that they won’t be able to declare on their returns. The IRS will consider the property a second home and not a rental property if they rent it to you at below market rates.

  1. Discuss your expectations

It is a good idea to discuss your expectations with your landlord. This is a good time to lay down the rules for the period of the lease. Have them let you know what they expect from you as a tenant and, conversely, let them know what you expect from them as landlords. Iron out issues including responsibilities of both parties and entitlement to common areas.

  1. Sign a lease agreement

Even though you’re family, it’s important to have a binding and written agreement. This should provide details of the rent, the length of the lease and other rules and regulations. Ensure that you read the lease. Are there any clauses you don’t understand or aren’t clear? Clarify these with your landlord before singing the lease.

A signed agreement means that all parties are bound to the rules and regulations that you’ve set. This way none of the parties will feel entitled or taken advantage of.

  1. Invest in renters insurance

Just because your landlord has insurance doesn’t mean that you’re covered. Their insurance covers only damage to the building. It doesn’t cover loss or damage to your personal belongings. It is therefore important to seek renters insurance.

Renters insurance provides you with cover for your personal belongings. You will be compensated in case of damage or theft. You can find the best policy for you by running a quick renters insurance comparison.

  1. Respect the rental agreement

The best way to ensure that you avoid problems with your landlord is by respecting the rental agreement. Don’t take anything for granted. Ensure that you pay your rent on time and take good care of the property you’re renting. This will ensure that you have a stress free lease.

Renting from family doesn’t always have to turn out to be a negative experience. It can be a great source of peace and security knowing that your landlord is someone you know and trust.

Your Credit Score: How to Hack the Number That Dictates Your Financial Life

Credit scores might seem like just another number in your life, like your Social Security Number or date of birth. Although these two latter sets of numbers are undoubtedly important, your credit score has perhaps the most impact in your life. Dictating what, when, and where you can lease or buy from, a poor credit score will apparently make it more difficult to acquire the things you want in life. Here are four things on how to fix a bad credit rating that could be ruining your life.

Request Your Credit Report

Just as a business owner has to make that first move to begin the treacherous yet fruitful path to success, fixing your credit score starts with identifying what it is in the first place. Request a copy of your credit report from credit bureaus, such as Equifax, Experian, and Trans Union. The report is free of charge and can be requested once per year.

Report Anomalies

It’s unavoidable for some reports to come with errors. To make sure you are getting the right score calculated by the bureaus, scrutinize your credit report. Essentially, look for wrongfully listed late payment fees and if all remaining balances in your account are correct. If any errors are found, be sure to make an immediate dispute to the credit bureau. Corrections made on a credit report can take time to change.

Set Payment Notifications

Making regular payments toward your credit cards is a simple but powerful impetus to your credit score. Many banks today offer payment notifications via their website that automatically sends you an email or text message reminding you about the next due date on your credit payment. This could be especially useful when you need to keep track of multiple cards. Another option is to set automated payments through your bank account, but a problem is that the feature only makes the minimum allowed payment on your card rather than the whole amount.

Practice Sound Money Management

This tip might be too general, so let’s break it down. A habit you can start practicing is to only apply for and open new credit accounts when absolutely necessary. By absolute necessity, this pertains to the need for college enrolment or unforeseen and uncovered medical bills.

Hacking your credit score isn’t actually about changing the numbers by fixing it. Instead, it aims to gradually improve your credit rating by fixing the financial issues that created it in the first place. By helping you become more financially savvy, your long-term finances are protected and can only go up from where you started.