Category: Personal Finance

Personal finance covers managing your money. That can be saving and investing. Personal finance includes budgeting, investments, insurance, mortgages, retirement planning, banking, etc. In other words, it is an entire industry that provides financial services to people and advises them about financial and investment possibilities.

Traders-Paradise gives you comprehensive articles on all these matters. We’re covering all mentioned above but our team stepped forward. Here you can find very useful articles about loans, personal loans, pay-day loans, and why some are better than others.

Traders-Paradise provides you, our reader, full and detailed guides on how to apply for loans, how to improve your bad credit score, how to get out a loan even with a bad credit score.

Here you’ll find all about the process of applying, what documents are required, both for online lenders and traditional banks. So, you can be prepared in advance.

Tredares-Paradise team that has experts in different fields, will guide you, with their articles, trough the personal finance issues and help you to solve them.

We are giving you a key to keep your personal finances on the right track. You’ll learn how to obtain skills that can help you in your personal success or your business success. These articles are all about that but with a concrete explanation of personal money management. How to do that, why to do that, how beneficial it is.

Forex Broker – What is it?

When you decide to trade the forex market, so you’ll need a Forex broker.

By Guy Avtalyon

But what is a Forex broker?

Let us explain this. That is a company that monitors and advises investors on current conditions in the forex market including conversion rates. Forex brokers may also provide a trading platform and other brokerage services for traders.

A forex broker is a company that buys and sells currencies on behalf of retail traders. It usually does through a forex trading platform. Like stockbrokers, they charge a fee in order to execute orders placed by their clients. It is regularly in the form of a spread instead of commission.

But, unlike stockbrokers, forex brokers place trades in the OTC market instead of on an exchange.

What is the forex broker’s role

A forex broker is a mediator that executes the transaction orders on behalf of his client as we said.

They are called intermediaries. Their job is to intercede between the market, on one side, and investors and traders on the other.

What is the forex broker’s tasks?

– to provide customers the market prices of the various financial instruments, through trading platforms or in some cases, by phone.
– The broker has to find a counterparty in order to satisfy the transaction request received from the client.
– Also, the forex broker has to send to the market the trading orders executed by his clients.
– Such a forex broker has to return information about the order outcome if it has been executed or rejected.
– Some forex brokers also act as governing agents. They calculate and pay taxes for the trader on the realized capital gains.

The forex broker operates as a middleman between the trader and the market.

In simple words, in order to find a buyer or a seller of currencies, the trader can go to a broker and find either a respective seller or a respective buyer.

Here you can find respective broker>>>>

Forex broker is not just the middleman between traders and another buyer or seller. Forex broker is also the middleman between traders. That is called a “liquidity provider”.

How to interact with a forex broker?

In its original sense, a forex broker is someone that you phoned in order to buy or sell currencies. But, the development of the Internet allows you to communicate with a broker through a trading platform or trading software.

If you are looking for a trustworthy, regulated broker, please check out this>>>

Retail Forex

A key concept for modern individual traders is retail forex. Traditionally, foreign exchange has been traded on the interbank market by larger clients such as banks and multinational corporations. They need to trade currencies for business purposes and hedging against international currency risks.

But, retail forex is the forex that is traded through dealers, often by smaller or individual investors. These firms are also known by the term “retail aggregators.” This became popular in the late 1990s with the development of internet-based financial trading. That allows smaller traders to get into markets that were before confined to businesses and financial institutions.

A retail forex broker allows traders to set up an account with a limited amount of assets and let them trade online through trading platforms.

If you are looking for a trustworthy platform, check out this >>>

Most trading is done through the spot currency market.

Forex trading is popular among individual traders because brokers have offered them the chance to trade with margin accounts.

These allow traders to borrow capital to make a trade and multiply the principal. They use it to trade by large amounts, up to 50 times their initial funds.

The brokerage industry means extreme competitiveness.

Even among those companies, the competition is extremely high. Picking the right type of brokerage house is a difficult choice.

How about the things retail traders need to know before deciding the broker to use? What are the conditions that make a good broker and what would be a perfect Forex broker?

Find HERE>>>

Honestly, choosing a Forex broker should be a simple process. Traders should not end up spending a lot of time looking for the right broker. Forex brokers offer an essential service for markets, especially for retail forex traders.

With an internet connection and a computer or mobile phone, traders can now open an account and trade in a market. Brokers also offer services that can be valuable in assisting traders to understand price movements and potentially make profits.

Don’t waste your money!

20th March 2019
Economic Downturn – How to Prepare

2 min read

Foretelling an economic downturn can seem as mystical and convoluted as reading the horoscope charts. However, financial experts are warning that the economic winds are changing.

There are some economic indicators causing financial analysts to prognosticate slim financial time. First, economic growth is postponed. The rate of salary increase has stagnated. As the economy continues to slow down, consumer interest rates will rise and investment earnings will lose momentum, possibly even losing money.

We have to be honest, there’s no magical way to predict just how bad things will get. Anyway, burying the head in the sand is a terrible idea. Here are a few things you can do to protect your finances against the coming economic downturn.

Dow Jones Industrial Average Market index

When the storm is approaching, the first thing you do is preparing your home for that attack. You cover windows and surround your home with sandbags. An emergency fund does the same thing financially. It’s the added layer of protection that can assist you when the economy drops. Also, it provides you a fighting chance to protect what you’ve increased.

Grow your emergency fund

The emergency fund is anywhere from three to six months’ worth of daily living expenses. During the meager economic time, you want to have more than the standard recommended amount.

Under normal circumstances, the average period of unemployment lasts roughly three to six months. But experts assume that number is sneaking and could double in an indolent economy.

To be more clear, when it comes, you have to plan

To be unemployed at least one month per every $10,000 you earn. So if you earn $80,000 a year, you should plan for unemployment that lasts at least 8 months. This formula is a great measure in helping you discover how much you need in your emergency fund.

Balance your budget and allocate debt

In anticipation of a natural disaster, people buy supplies and lasting food items. Balancing your budget by reducing expenses in preparation for a financial collapse follows the same principal.

Your holiday and home renovation may have to pause. The key is to prioritize your expenses. You have to recognize what you can skip. Also, you have to stop living on overtime, bonuses, and side-gig money. It is better to put that money into your emergency fund.

You must be focused on quickly paying down debt. Get rid of some of your smaller debts fast. If you reduce debt, you owe less and have more money at your control. It can be your care package during a downturn.

Increase professional skills

This is a nonfinancial thing. Let’s say you have a primary job, but you also have a bunch of hobbies. These things can be turned into job opportunities.

Take time to renew your resume and hone or add to your skill set. There are a lot of companies out there offering training.

Take those opportunities now, don’t hesitate.

Evaluate your investment portfolio

The stock market usually becomes extremely volatile during an economic downturn. Financial experts recommend not to remove your money off an investment while you panicking. Fear should never encourage your decisions.

Look at your investment portfolio now. Try to find if there are any additions you’d like to change. Generally speaking, risky funds will probably lose money during a downturn. But truth is, they also rebound instantly during an economic restoration. Safer investments may not lose a lot, but you will not earn much too.

One method or investment technique isn’t superior over another. They all have pros and cons. The key is to evaluate yourself. Do you have a weak stomach? If so, go with something less risky. But if you’re convinced you can manage the turbulence of a risky investment, stay seated. Don’t forget to take financial advice before you decide, anyway. And remember, the knee-jerk attitude is the fastest way to lose big when it comes to investing.
Stay in control!

The bottom line

These are just a few of the small steps you can take to prepare yourself and your family for potentially difficult times, for the economic downturn.

The economy has been expanding since hitting bottom in mid-2009. That makes this recovery three years longer than the average growth cycle since 1945. If it reaches 10 years, it will match the record for the longest expansion. We have a few months to see that.

Maybe the slow pace of the recovery will allow it to run longer than usual. The odds of it ending get stronger as time goes on.

risk disclosure

22nd February 2019
Managing Money Online – How Difficult It Can Be?

Managing money online can be troublesome. It is smart to use some app to work for you

By Guy Avtalyon

Managing money online can be a tricky game. Cryptocurrencies, often associated with “geeks” or with those who want to get money quickly, have become a popular form of payment.

According to a recent report by Kaspersky Lab, every tenth user (13%) has used crypto for purchases so far. However, cybercriminals also accept this trend and increasingly target crypto-markets. By transforming the old threats, these new scammers attack investors.

Kaspersky Lab examined the habits of 12,448 consumers in 22 countries.

The crypto users are at constant risk of losing their savings stored through this technology. The hackers develop sophisticated techniques for accessing others’ finances. There is an increasing number of companies offering cryptocurrencies as a payment method, where they are now accepted by both retailers and, for example, food stores.

Interest for crypto is raising, and even major sports teams are joining on crypto-exchanges. However, people show more interest in using cryptos for investment as well as for spending money. Hence, their digital assets are increasingly subject to theft. Incidents, where stolen digital tokens worth nearly $ 530 million, are known.

Managing money online

Visiting the favorite online retailers is fast growing the most comfortable way to make must-have shopping. Their advantages are fast-tracked delivery, exclusive discounts, and free returns. This made online shopping an interesting and vital part of the present life.

It’s determined that three-quarters of us have shopped online. Even browsing for goods has become a popular pastime.

Frankly, all of us are doing it when we are on our breaks, traveling to work, or sitting in front of the television.
The e-commerce boom has made it easy to spend money online. You can buy almost everything online, from groceries and gifts, clothes, through to paying service providers, or buying a yacht. The opportunities are infinite and the variety of payment options is expanding.

The image source: kaspersky.com

The majority of retailers are encouraged us to use whatever payment method we prefer. Of course, in order to stop us from moving elsewhere. From credit card transactions and bank transfers to cryptocurrency, subscriptions, and loyalty points, we can pay for assets and services in more ways than ever before.

A large-scale spectrum of payment options offers us both choice and flexibility. But it also gives us the difficulty of protecting our financial details in various areas.

Kaspersky Lab figures suggest that 60% of consumers are worried about online banking fraud. The majority of people having various online shopping accounts, digital wallets, and login credentials. So, it can be a big challenge to hold everything in order and remember every PIN, password, and code.

Nowadays it isn’t so easy to stay in control.

Some of us have the problem to remember the email address we used to register with a particular service.

Kaspersky Lab has uncovered how people manage their finances online. They examined their attitudes toward financial cyber threats. In detail, how safe their money is, and how they value it against the security or other sensitive information.

And they revealed the risks people are prepared to take when making transactions online. What do the people do to protect their credentials to avoid their hard-earned money to fall into the wrong hands?

Is our money safe?

Online shopping now is standard. So, cybercriminals are ready to take advantage of those who fail to protect themselves online. You can’t even imagine how vulnerable our financial information is online.

For example, in October 2018, American HSBC customers’ account details were accessed by hackers through an advanced breach. That was affecting hundreds of thousands of people. This is a great example of how important is to take control of our own security and not relying on others. No one will keep our information safe as we can do it by ourselves. What can we do ourselves to minimize the chances of becoming a target?

Trying to write down your financial credentials puts you at risk. Writing a credit card PIN in a notepad, or saving a bank account passcode on a laptop, could expose you more to attack. Hence, result in monetary losses.

Kaspersky’s survey revealed that a fifth of people (20%) still rely on their smartphone or other devices as a way of noting down private banking information. This is the potential to fall into the wrong hands.

The image source: kaspersky.com

How to remember all our passwords

Kaspersky Lab found a third of people (31%) still struggle to remember their online banking credentials, admitting that they have either forgotten them or do not even try to remember them.

Signing up for subscription services is also incredibly tempting. Because it gives us the opportunity to quickly access our favorite television shows, movies, and products. The registration is easy, but it can become very tricky to track spending. 32% of people who answered the survey do not always remember every service or automated payment (direct debit) they have subscribed to. Signing up for two streaming services, a few magazines, and a gym plan can quickly lead to costly fees from multiple brands.

Password panic when managing money online

Kaspersky Lab statistics show that more than half of people (52%) are worried about being vulnerable when buying products or making financial transactions online. This result means that a small number of them would prefer if this could be done more securely. The survey also revealed that nearly half of the people (46%) would like to pay for goods online more often. All they need is a reliable protection for these financial transactions.

A third of shoppers (32%) revealed that they had a financial incident in the past year. This left many of them (26%) out of pocket. As we all know from personal experiences, they were not compensated by any payment provider or retailer involved.
The good news is that the strong majority of people (83%) believe the most important thing is to set a strong password for online banking, speaking about managing money online.

Bottom line

Managing money online, keeping expenses in order, and planning a budget can be tough. You can use personal finance sites that do everything from tracking your spending to helping you get out of debt to managing your bills for you.
Best of all, if they’re all free.

13th February 2019
Bad credit loan – How to improve the financial health

If you have no other option you’ll take a bad credit loan. But it isn’t the end of the world.

By Guy Avtalyon

Bad credit loan isn’t the end of the world. Here are several ways how to overcome them. I’m gonna introduce some of them.

What is a bad credit loan?

In the first place, let me be clear about what is a bad credit loan.

A bad credit loan is a relief option for consumers whose low credit scores limit their borrowing options. In other words, a bad credit loan, or just another name for a personal loan, can secure you out of a financial emergency. Even if your credit score is lower than you would like it.

The good thing is that you can get a loan with bad credit, but it’s harder to get a good deal.

Yes, I know! Nobody likes to be judged. But when it comes to loans, creditors are going to look deep into your credit history and make a decision about whether or not to lend to you.

They need to define how risky it would be to lend money to a borrower. And if you’ve got bad credit, you could expect to show you the exit space. But, even if you have bad credit, there may be ways to get a loan. Here’s how.

You can get a loan from a bank, but if you’re looking for a reasonable interest rate and adjustable qualifying requirements, you better don’t even think to open that door. Even than, you have several options available. But you have to know that loans are typically more expensive.

With low credit scores is easy to slip into expensive traps. But a bit of homework can help you avoid the problems. After you prove you’re able to repay on time, it shouldn’t be hard to rebuild credit so that it’s easier to borrow next time.

How credit scores and credit reports can fix bad credit loan

Keep in mind that bad credit has different meanings to different lenders. Lenders know your credit score, and you should too. So, check out your credit reports. Especially if your credit card issuer reports to the consumer credit bureaus. This is important because some of the information contained in them is necessary to calculate your credit scores.

You’ll want to make sure there are no incorrect derogatory marks on your reports before applying for a loan. The major consumer credit bureaus aren’t perfect, so it’s important to read your credit reports carefully. If there are false negative marks, you should contact the specific credit reporting company.

Along with correct information, the provider will remove the error.

Your credit scores are important, too. Your credit scores, along with other factors, can affect your approval odds for a loan and the terms you qualify for. Don’t be discouraged if your scores are not what you’d like. A little bit of work could help put your scores in better shape.

How to improve your credit status

So, it’s time to start improving your credit status. Your scores are calculated using different credit factors and scoring models. Just be focused on the factors with the greatest influence. For example, payment history is one of them, but check out everything to improve your credit overall score.

You can’t change the past, but make all of your current payments for at least the minimum amount. And on time. This is key for payment history.

Speaking about usage, keep the amount of debt you owe low compared to your total credit limit, ideally less than 30%. Maxed-out or over-the-limit lines of credit can be particularly harmful. Also, keeping old accounts open instead of closing accounts after they are paid off can help increase your credit history length.
Mix. Frankly, you shouldn’t apply for a new type of credit to influence your scores. But it can naturally grow over time as you experience major financial events, such as buying a home, for example.

But be careful. Applying for several new credit accounts in a short period of time can make you seem risky to lenders.
The best bet is opening new accounts only when necessary and when you know you can handle them responsibly.

Shop around to compare options

Shop around for loans, and include credit unions in your search. Those institutions may work with you even if you have bad credit. Credit unions are often smaller than large banks. Also, they are focused on the community. Usually, they will review your application personally and discuss it with you. If you sit across the desk from a human being, they can understand what you need.

So, it’s time to start shopping around for the best loan for you. Some people simply choose the first loan they’re approved for.

But, that could be a major mistake.

Different lenders may offer different interest rates and loan terms. Lenders have their own methods for evaluating these factors.

There is a selection of lenders and loan facilitators who can help low-credit applicants obtain affordable financing. But not all loan features are created equally.

For example, one lender may offer you a loan with a 19.99% annual percentage rate while another can offer you a loan with a 15.99% APR (annual percentage rate). If you don’t shop around and accept the first offer of 19.99% APR, you would be overpaying by 4 percentage points.

Shopping around for loans is easier than ever. We have the internet. Yes, you should check into your local options, such as banks and credit unions. But you can easily view the estimated loan terms of various online lenders in one place using the internet.

How to compare loan terms

If you have bad credit, the loan could be approved but also will cost you more. The lenders may recognize you as risky. Since personal loans for people with bad credit can be so much more expensive, it’s especially important to compare loan terms to find the best deal. To compare loan offers, there are a few basic terms to pay attention to.

Loan repayment period: Loan repayment period is the time frame in which you’ll have to repay the loan. Personal loans require fixed monthly payments for an established period. The longer the repayment period, the more interest you’ll pay, and the more the loan are likely to cost you.

Monthly payments: Monthly payments are determined by the amount you borrow, your interest rate, and your loan term. Make sure the payments are achievable.

Loan maximum and minimum: Lenders usually establish a minimum amount and maximum amount they’re willing to lend. A lender may not be well suitable for you if it won’t loan you enough money or if it requires you to borrow more than you want.

Annual Percentage Rate (APR): APR is the total cost you pay each year to borrow the money, including interest and fees. A lower APR means the loan will cost you less. If you want to take out a personal loan with bad credit, you’ll probably have a higher APR.

Try online lenders to fix bad credit loan

Peer-to-peer lending services are one option for getting a loan with bad credit. Instead of borrowing from banks, you can do it from individuals. They may be more willing to take the risk, but they’re not looking to lose their money.

These non-bank lenders have different risk tolerance and use different ways to evaluate your creditworthiness. Online loans evolve. They may approve you with lower credit scores.

Just be sure to avoid payday loans. They are costly short-term loans and they have heavy promotions online.

Use collateral

It isn’t the best choice, but if you have trouble getting approved, you may need to put up collateral. If you pledge something valuable, your lender will know you’re serious. In such a case, lenders will have a better chance of collecting on the loan because they can take your collateral and sell it.

But be extremely careful when pledging collateral. If you have a property, you can probably borrow against it. But the risks are worthy of your attention. If you can’t make all of your payments, you might be forced out of your home. Think twice to avoid making a bad situation even worse.

Some con artists take advantage of you when you’re down. They particularly target people who are urgent to borrow. These lenders charge enormous fees, so make it almost impossible to dig yourself out of debt.

Sometimes, you won’t even deal with a real lender: Scammers advertise loans, but you need to pay steep application fees upfront. In the end, you don’t get approval, and you don’t get your money back. This is well-known as an advance fee scam. Don’t pay upfront fees to get a personal loan. Any processing fees should come out of your loan proceeds.

Think more than twice about a payday loan

If you need money right away, need an amount less than what a traditional lender might be willing to give, or have been denied a personal loan because of poor credit, you may be tempted to try a payday loan.

A payday loan is a short-term loan for a small amount — usually $100 to $500 — that you secure by giving the lender a post-dated check or electronic access to automatically withdraw your bank account. The loan is usually due on your next pay date, along with fees. Depending on the state, payday lenders can charge from $10 to $30 per $100 you borrow.

According to research by The Pew Charitable Trusts, for example, if a payday lender charges you $15 for every $100 you borrow per two weeks, it amounts to an APR of 391%. The Pew research found that fees from online lenders can be even higher, averaging an APR of 652% as of April 2012.

Never mind where do you live, a payday lender may not check your credit in order to approve you for a loan. Many only require you to be an adult with an active bank or prepaid card account. Also, they will ask for proof of income and valid identification. It may be easy to get a payday loan when you have bad credit, but the high cost could make it difficult to repay.

Don’t take out a payday loans

Some studies found that many payday loan borrowers can’t repay their loans without taking out another payday loan.
High-cost payday lending is prohibited in some countries. Others set limits on how much payday lenders can loan.
The regulation varies from country to country.

If your credit scores are low and you need a loan right away, finding an online lender or some other source offering personal loans for borrowers with bad credit could be your best option.

Just proceed with caution and be sure to compare the terms of each loan to find the most affordable lender. But, if you can’t find such an option that you can easily repay, it may be better to wait and work on your credit.

Applying for loans, especially if done the wrong way, can further damage your credit.

1st February 2019
Best-Paid Job In 2019!
3 min read

The best-paid job is so close to you, close to the new year, so think about them.

Ways to make money online are numerous. Our goal is to present you as many profitable deals as possible.

We want to help you find the best-paid job for you. And it is your goal too. To find the best-paid job that suits you more than any other.

You may not become rich, but certainly, this way of working will provide you additional and not small income.

But this is one of the best-paid jobs from home.

And know what, those of us who have worked from home for years wouldn’t dream of going back to a corporate office. Ever. At any point!

It won’t always be easy, and you have to work very hard, you will make mistakes and failures along all that path.

But be honest, the internet has opened up so many possibilities to people regardless of age, location, or background to build a sustainable, online business or side project that can make extra money online every single month.

So, let’s start. What can you do from your home and earn decent money?

1. Trade or invest from home is one of best-paid job

Trade from home is a totally online job.

And it can provide you a quite nice income. Or to be one of the best-paid jobs.

Once upon a time, people relied on the services of a stockbroker, who would make buy and sell orders on the customer’s behalf.

Today, individuals are able to execute buy and sell orders themselves in a fraction of a second using computerized trading services.

But, reading online articles doesn’t make you qualified to trade from home.

Reading the classics of investment literature could be helpful. But the best way is to set aside six months to practice trading with real-world data before investing your money.

You can use some demo account and practice.

Before deciding to buy or sell any stock, you should carefully research the company, its leadership, and its competition.

Make intelligent decisions about what you can afford to invest. Consider investing a portion of your money in an electronically traded index fund, which holds many stocks.

To that end, we present our top three stocks to buy for the long-term:

Buying marijuana stocks can be a best-paid job

The trade becomes more fundamental than gambling. There lies the opportunity and it can become one of the best-paid jobs in 2019. The concept is viable. Moreover, the use of pot will increase because of the legalization trend propagates. The millions of more potential users will access it.

It would be wise to take small positions. Don’t just lay the bet on one perfect entry point. Also, there are no guarantees when investing in stocks.

It’s important to consider the size and never bet more than you can afford to lose.

When looking at potential marijuana stocks to buy, it’s important for investors to remember that there are many ways of trading a concept. Also, not one method is perfect.

Here are three marijuana stocks to buy in 2019:
- Canopy Growth (CGC)
The first reason, the Constellation Brands invested $4 billion in it. So, you can be comfortable joining them in their bet on CGC stock.

If you are going to risk money on this market, you would like to do it in the one that has a strong balance sheet.

It sounds like CGC has good plans to open up more markets to follow the legal path expansion. Constellation made a multibillion-dollar bet on Canopy Growth because it thinks cannabis is a “once-a-century disruptive market transition” and that Canopy Growth is the best marijuana supplier in the world.

Constellation believes the total addressable global market could top $230 billion within the next 15 years. So, projects that Canopy could realistically claim up to 40% of the Canadian market and between 5% and 15% of the market in the rest of the world, including the United States.
- KushCo (OTC: KSHB)
KushCo is a dynamic sales platform. It provides unique products and services for both businesses and consumers in the cannabis industry.

It regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe.

An ancillary play, they have the opportunity of supplying both the legal and black market with their packaging products.

We believe KushCo to be the best additional play in the current market. They have a strong management team. Also, solid execution track record, and servicing the market. We really think their stocks are good investments.
- Innovative Industrial Properties
Stocks of REITs can be attractive for marijuana investors in comparison with pure-play marijuana stocks because REITs spread their risk across multiple leaseholders.

Even if one or two fail, it’s not catastrophic to the whole investment. Innovative Industrial Properties currently owns nine properties, all of which are either greenhouses or indoor facilities used for cultivating marijuana.

2. Launch and grow a startup

Launching a startup can be a very exciting experience and best-paid job.

The first mistake is that founders tend to over zeal their efforts to monetize their products and services. Instead to build a strong base from which the startup can turn into a realistic company.

To avoid mistakes make your list of knowledge areas/special skills on the one side and passions on the other. Then try to connect each of them.

Your knowledge and skills should hybridize with your genuine passion. It means that you have a passion for some job to work and, at the same time, you have knowledge or skills which job requires.

The truth is that you need to love what you do and be damn good at it as well.

Startup founders face a lot of factors and barriers that can stay in the way of success.

Testing your business expectations should be done without investing too much time and money. When you found a winning product, double the original bid on it and focus on the winner.

That’s the whole truth and wisdom!

This world is content obsessed. And we are obsessed by trying to find the best-paid job. This one can be that one in the coming year.

3. A virtual assistant is a defenetely best-paid job

A virtual assistant is a contact made over the internet that assists in day-to-day tasks. Yes, like an assistant, only virtual! And this is one of the best-paid jobs.

These assistants don’t just help someone business run smoothly, they help their life run smoothly.

Whether it’s sending a thank you card to a friend or researching potential investors, a virtual assistant can do just about anything.

They take charge of not only the day-to-day business tasks but can even take hold of day-to-day personal tasks so you can keep focused on what’s at hand.

They can send flowers, thank you cards, or even just schedule an Uber or Lyft so you can go from one venture to the next without a single hiccup.

However, it is just about anything.

Setting up your own Virtual Assistant business may seem like hard work, but we have to tell you that it’s actually the easy part. Moreover, we think it can be the best-paid job.

Being a successful VA isn’t simply helping someone with their admin or supporting their business, it’s knowing how to manage and communicate with them.

If you want to be a VA because you think it’ll be an easy life and easy money then you’re in for a shock because the reality is very different. It’s a brilliant life once you’ve nailed it but there can be a steep learning curve at first.

Virtual assistants charge anywhere from $1 to $100 per hour. Sometimes even more.

But the sweet spot is generally between $15 and $30 per hour for executive assistant services and $40-$75 per hour for higher-level marketing or financial tasks. This definitely may be the best-paid job in 2019

Bottom line: We, here in Traders Paradise, found a lot of very interesting and profitable jobs for 2019. More about them you will read soon, in our new ebook. It’s up to you just to pick one of the best-paid.

Risk Disclosure (read carefully!)
27th December 2018
Cryptocurrency mining – how to start
2 min read

Cryptocurrency mining involves two particular functions: adding transactions to the blockchain and also releasing new currency. Mining needs a powerful computer and a usually complex program. That helps miners compete with their peers in solving complicated mathematical problems. Cryptocurrency mining requires a lot of computer resources and power.

Cryptocurrency mining will celebrate its 10th year of existence in 2019. The very concept of mining with high-end computer hardware is starting to become mainstream. Mining is the way a certain kind of blockchain pays for participants to maintain it, its integrity and records, by paying ‘miners’ in the blockchains own coins.

How cryptocurrency mining works

The main point of mining is to fulfill three things:
- Provide bookkeeping services to the coin network. Mining is just about 24/7 computer * accounting called “verifying transactions.”
- Get paid a small reward for your accounting services by receiving fractions of coins every couple of days.
- Keep your personal costs down, including electricity and hardware.
Since Bitcoin is the first cryptocurrency that dictates the destiny of all others, we will use it as an example

Cryptocurrency mining is simply just converting a sha2 hash into an integer and seeing if it is less than some value. Finding that number is difficult.

How do miners find this number? By guessing at random. The hash function makes it impossible to predict what the output will be. Miners guess the mystery number and apply the hash function to the combination of that guessed number and the data in the block. The resulting hash has to start with a pre-established number of zeroes. There’s no way of knowing which number will work because two consecutive integers will give wildly varying results. What’s more, there may be several nonces that produce the desired result. But there may be none and the miners keep trying, but with a different block configuration.

The first miner to get a resulting hash within the desired range announces its victory to the rest of the network. All the other miners immediately stop work on that block and start trying to figure out the mystery number for the next one. As a reward for its work, the victorious miner gets some new bitcoin.

What you will need to mine cryptocurrency

You will need several, well more than several things to mine.

You will need a wallet. This is a password-protected container that stores your earnings and keeps a network-wide ledger of transactions. Also, a free mining software package typically made up of cgminer and stratum. You’ll have to be a member of an online mining pool. It is a community of miners who combine their computers to increase profitability and income stability. You’ll have to be a member of an online mining pool. It is a community of miners who combine their computers to increase profitability and income stability.

Your hardware has to be set up in a cool and air-conditioned space.

And your desktop or custom-built computer has to be designed for mining, separate dedicated computer is ideal. You may use your current computer to start, but you won’t be able to use the computer while the miner is running. It isn’t recommended to use a laptop, gaming console or handheld device to mine because these devices are not effective enough to generate income.

An ATI graphics processing unit (GPU) or a specialized processing device called a mining ASIC chip is the must. The cost will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The GPU or ASIC will be the workhorse of providing the accounting services and mining work.

And you have to provide cooling the hardware.

Mining generates substantial heat and cooling the hardware could be critical for your success. You can use a house fan to blow air across your computer. But many currencies require specialized, high powered machines that use large amounts of electricity, and create excess heat.

There are ongoing technology changes for optimizing crypto mining results. Why we are pointing this? Because if you want to be cryptocurrency miner, you have to constantly learn. You have to follow new techniques and perhaps, spend hours studying the best ways to adjust and improve your cryptocurrency mining performance every week. We hope you’ll stick around for each new guide and explained.

Is it worth it to mine?

If you want a hobby venture, the answer is yes. Cryptocurrency mining can generate a small income of a dollar or two per day. You can recoup $1000 in hardware costs in about 18-24 months.

On the other hand, cryptocurrency mining is not a reliable way to make basic money. The profit from mining cryptos only becomes significant when someone invests $3000-$5000 in hardware costs. On that way time, you could potentially earn $50 per day or more. Miners have to keep electricity costs to under $0.11 per kWh. Mining with 4 GPU graphic cards can bring you around $8.00 to $10.00 per day or around $250-$300 per month.

Have reasonable expectation

There are two things you have to be informed about:

The investment in 4 ASIC processors or 4 AMD Vega graphic processing units

The market value of cryptocurrencies

There is a small chance your chosen digital currency could jump in value alongside Bitcoin at some moment. And you could find yourself sitting on thousands of dollars in cryptos. The accent here is on “small chance”. This means slightly better than winning the lottery.

If you want to try cryptocurrency mining, you should. But start with a very small income return. You will not collect gold nuggets but you will not lose your money. And do your research to avoid a scam currency.

Risk Disclosure (read carefully!)
27th November 2018
Bitcoin Mining, Is It Profitable At All?

Bitcoin mining is a legit job, but initial investments and cost of mining are very big.

By Guy Avtalyon

Is Bitcoin mining profitable these days? When the price of gold drops, miners are losing. It is the same story in the world of cryptocurrencies.

According to CoinMarketCap data, the prices of Bitcoin have tumbled nearly 30% in the past week and hit a 14-month low of about $3,800. The total market value of cryptocurrencies has slumped to $148bil, which is less than one-fifth of its worth during the market’s peak in January. Hong Kong-based cryptocurrency exchange OKEx forced an early settlement of Bitcoin cash futures contracts on its platform the day before. Widely thought is that it has triggered the sell-off.

Miners position

The price drop has left miners in a weak position. They claim it has become unprofitable for them to run at least four models of bitcoin mining machines. According to the latest estimates of Beijing-based F2Pool, if they spend power at a rate of $0,06 per kWh it is clear that mining becomes unprofitable. F2Pool is one of the world’s biggest bitcoin mining pools.

Cryptocurrency mining has developed from a bedroom activity to mass-scale production. Later, it was undertaken by enterprises that use specialized equipment with application-specific integrated laps. The crypto miners combine their computing power in mining pools to increase their odds of winning new digital currency. They are counting various factors, the total amount of computing power in the network, and costs. Coasts are electricity and rental fees. That determines which coins to mine and where to house their devices. The cryptocurrency dropdowns have forced miners to remove at least four models of bitcoin mining machines. Some of them have become too expensive to operate under present market conditions, estimates F2Pool. These models are Antminer S7 and Antminer S9 from Bitmain Technologies as well as Canaan Creative’s AvalonMiner 741.

Is Bitcoin mining profitable now?

A group of Chinese cryptocurrency miners said they have already shut down 20,000 rigs, or about 10% of the total number of machines they operate. They declined to be named for fear of government reprisal.

But their struggles are an opportunity for others.

One miner bought about 50,000 used mining rigs that were put up for sale in the market over the past few days. He intends to send these used rigs to countries with lower electricity prices. He is thinking about Russia and Venezuela. In this way, he can turn a profit selling them there.

Correlation between mining and Bitcoin price

Mining Bitcoins takes time and resources. Let’s say, it’s not an easy thing to do in the first place. It requires high-powered machinery to make Bitcoin mining profitable. If you lack the resources, you will lose the potential earning and have to pay a huge sum of money for your electric bills.

According to CNBC, in March, the miner’s profits have roughly halved compared to their earnings in December due to the surge of interest. So, we can say Bitcoin mining is no longer profitable today. Over the past days, Bitcoin’s range had tightened up and seemed like another wild move will take place. We are not quite sure in which direction. From one side, the market is eager and deserves a correction back to the $5K+ area. But on the other hand, there is still a lot of panic selling, and Bitcoin looks like has to go lower.

There are several profitability calculators that miners can use to analyze the cost/profit equation of Bitcoin mining. Calculators vary as they have different levels of complexity and variables that can be inputted.

Trading Bitcoin

Bitcoin currently trades essentially at the break-even cost of mining it.

To answer if Bitcoin mining is still profitable you have to figure out if you are willing to invest the necessary initial capital for the hardware. And you have to predict Bitcoin’s value in the future as well as its mining difficulties. When both prices and mining difficulties fall, it usually means less miners, but more Bitcoin to mine. When the opposite happens, more miners are competing for fewer Bitcoins. Bitcoin is a real business, so you may accept mining bitcoin as a legit business. There are people working in this business, also have revenues, profits, earnings, plant, and equipment. It’s almost the same, there is no difference between mining bitcoin or coal. Except, mining bitcoin is all math. And there’s no scam.

25th November 2018
Make Money Online Quickly

Nowadays is very easy to find a job and make money online. Here are some of Traders-Paradise’s suggestions.

By Gorica Gligorijevic

How many articles you can find on the internet about making money online? Thousands? Millions? Enough? But Houston, we have a problem. Too many of them are just sales steps to convince you to sign up for some seminar, webinar, or some other way to become an online millionaire.

They all give online money making a bad name. But it is possible to make money online. There are legitimate ways to make money online. Most of them require a lot of work and sometimes a lot of dedication before seeing a return on your time. But if you really want to make money online, you can do it. You can even earn money with apps if you don’t want to venture all the way to the computer.

At this moment we are talking about how to make money online fast. We want to share current methods that work in 2018 and have potential in 2019.

Without further ado, here’s the list!

Online market trading

The hard-to-break world of investing in stock markets and currencies has been wide open. Today there is no need to fund the yachts of Wolf of Wall Street-style stockbrokers and sharks. You can do it all yourself with the help of online market trading platforms.

We are having spent many hours researching this new opportunity. Actually, we have been experimenting with one of the biggest trading platforms out there. You can read more about our research here.

Searching the web

Are you interested in making money for doing what you already do online? This is one of the easiest ways of making money online without really any effort or change in your behavior. That’s really good!

This method rewards you for searching on Google, Bing, or Yahoo. The only thing you have to do is to install a simple add-on to your browser. When you conduct a search there may be a few sponsored results alongside your normal search. Each result has a cash reward attached. If you are interested in it simply click on it and collect your reward. The best thing is there is no minimum to cash-out. You also have the option to donate it to charity.

Sign up and start earning from your own searches.

No-risk matched betting

This is the quickest way to make a lot of money and without breaking the law. This technique is completely legal, risk-free, tax-free, and anyone can do it.

It works by taking advantage of free bets regularly offered by betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk (you are betting both for and against a certain outcome).

This leaves you being able to squeeze out the free bet, which can be as much as $300! Multiply this by how many betting sites there are and you can quite easily come away with a profit of a few hundred pounds. If you know of any better way to make $50 per hour sitting at home, let us know, please!

Online surveys and make money online

There are all kinds of websites that will pay you for various things, such as shopping, taking surveys, or testing products. These websites won’t make you a millionaire, but they are great for making money online.

This is the most popular way for students to make money is to fill out online surveys. And you can do it in your spare time. Research companies are always recruiting new members to answer surveys and test new products.

For a few minutes of form filling, you can make an amount that is paid as cash or rewards. You can bag up to $5 for some surveys!

Start an affiliate website

Are you interested in generating passive income? If yes, you need a website. It’s the way to make money while you sleep.
Starting a website with Bluehost takes less than 20 minutes, costs hardly anything, and can be done by an 82-year-old. You must be included on social media to get your first visitors. There are plenty of ways to monetize your site.

There are 4 parts to creating a website: domain name, hosting, content management, and design.

WordPress Bluehost WordPress is a free Content Management System (CMS) that allows anyone to make, design, write, and manage their own website.

Aside from publishing high-quality content, the most important thing is to get traffic to your website. How do you get visitors to your website?

Post on Twitter using hashtags, share links on Facebook groups, join Pinterest groups.

Review websites & apps for cash to make money online

If you’re pretty skillful with a web browser, so maybe it’s time to turn pro and browse websites as a paid and fun job!

Find a platform that pays everyday people to review all kinds of websites. Each review takes around 20 minutes and bags you $10 usually.

Simply sign up, complete a test review, and look forward to receiving websites in your inbox. This is a pretty good way to make money online and an easy one.

‘Get Paid To’ sites

Similar to making money from online surveys, GPT sites reward you in cash and vouchers for completing various offers or activities online.

Fortunately in the “gig economy,” there are plenty of ways you can earn a little extra cash for your time. Whether it’s market research surveys or focus groups or donating your plasma, there are a lot of places that will pay.

It’s possible to get paid hard cash just for searching the web. It just involves downloading an add-on that sits on your internet browser. You then search online as you normally would on Google, Amazon, eBay, Yahoo, Bing, and Tesco.

It is good for folks with the patience to click ads for a few bucks.

The most popular sites today are Toluna, Swagbucks, and InboxPounds.

Affiliate Marketing to make money online

Becoming a part of an affiliate network is an excellent strategy for bloggers looking to up their current income or even just to begin actually making money from their blog. This is one of the most popular ways people make money online. It is a strategy where partners with a business in order to make a commission by referring readers or visitors to a business’s particular product or service. But that is a simple context. To be really successful at making money with affiliate marketing there is a little more to it. If you’ve got a good presence on social media or perhaps you even have a blog or website, you can start making money online immediately by promoting all sorts of companies, products, services, and offers online. Sign up as a publisher, browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link, and share it. If someone buys using your link you’ll make a nice commission.

To take it a step further, set up a website or a topical Facebook page, and invite all your friends to join it and post your affiliate offers on there.

Publish a Kindle eBook

If you are good at anything, it’s researching and writing. Right? With the Amazon Kindle store, anyone can publish an eBook and make money.

And the Kindle app is now available on almost any device: laptops, iPads, smartphones, and yes, Kindles! Well, your global market looks pretty huge!

List your book for $2 – $5 and you earn 70% of the sale, that is a fantastic deal. Amazon is the ultimate selling machine. Remember people are looking to spend and you are looking to make money online.

Freelance work

Maybe you enjoy writing, managing Facebook pages, or doing a little bit of graphic design in your spare time. There are so many freelance jobs out there that require simple skills or just time that someone else might not have.

The best thing about freelancing is that you can work for clients around the world with just an internet connection from home. Or from some other place.

A great place to start is with the leading freelance site Upwork.com.

Wondering how to make money online in 2018 and 2019? Perhaps you’ve already tried, but haven’t had any success. We’ve tried to include every legitimate online earning method. And what we found is that some methods can make you a millionaire.

But others are only good for a pocket change. In many cases, the income potential is virtually impossible to give. So don’t take these potentials too seriously. They only serve as a general guideline.

Remember, your online income takes time to grow. You need to be willing to devote the time and energy required to get your idea off the ground. And you need something very solid to stick with it even if your journey is slow when you first start out. But it is worth it.

5th November 2018
Bitcoin is Digital – How To Use It?

2 min read

Bitcoin is both: currency and commodity

What bitcoin is maybe the best describes this. Bitcoin cannot be held or kept in a pocket or wallet like currency.

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. You can trade Bitcoin for goods or services with vendors who accept it as payment.

What is bitcoin else? Bitcoin is a worldwide payment system and decentralized virtual currency. It offers quick, cheap, and highly private payments for everyone.

Do you see? Bitcoin is both of this. How?

As Bitcoin is separated into two components, it might cause some confusion.

Bitcoin – with a capital letter is a decentralized P2P network which helps to facilitate transactions between people without a middleman. The Bitcoin protocol is openly published. Developers can review the code as well as easily adapt an open source software and modify it to their own needs.

bitcoin – with a lowercase ‘b’ is the coin which exists on the Bitcoin network. It can be perceived as a currency for the internet. In the same way as dollar or euro are currencies for the United States and Europe. Bitcoin-the-coin is the first cryptocurrency.

Also known as virtual or digital currency and BTC is an abbreviation of it.

What is Bitcoin?

In 2009, Bitcoin was developed and launched as an open-source protocol. It was based on a whitepaper written by Satoshi Nakamoto. He described the bitcoin as a digital currency. That is to say, backed up by the idea of an electronic payment system. But such that should be secure, verifiable and independent of any central authority. The first Bitcoin transaction was for two pizzas costing 10,000 BTC (a cool $190,000,000 at the high point of 2017).

Since the Bitcoin release, it has experienced highs and lows. However, it stayed as the preeminent cryptocurrency in the world.

Unlike regular fiat currency, there is no central Bitcoin bank to print and regulate the flow of currency. Bitcoin is held by users linked together by a central ledger. The ledger is a core Bitcoin feature known as the blockchain. The blockchain records every single transaction made using Bitcoin. It validates transactions and ensures the integrity of the network.

What is bitcoin in comparison with fiat currencies?

It’s like an online version of cash. You can use it to buy products and services. But not many shops accept Bitcoin yet. And some countries have banned it altogether.

The physical Bitcoins you see in photos are a ornaments. They would be worthless without the private codes printed inside them.

Fiat currencies are a physical medium of exchange with an unlimited supply. It is issued and controlled by a government. Bitcoin, on the other hand, has a set maximum supply of 21M coins. And as on first place, it is not controlled by any government or entity. Both crypto and fiat currencies coexist alongside each other. And have their advantages and disadvantages.

Bitcoin is digital

Bitcoin has some resemblances to fiat money: value changes according to market variables. As Bitcoin is digital people can use them to buy things or pay for services. Also, people already use it in their daily lives as any other fiat currency, but this is where similarities end.

Bitcoin has several attributes that set it aside from traditional currencies as a pan-global means of exchange. Central banks or monetary authorities do not control the number of Bitcoins.

It is decentralized making it global. Anyone with a computer can set up a Bitcoin address to receive or transfer Bitcoins in seconds.

Bitcoin is anonymous.

The cryptocurrency allows users to maintain multiple addresses and setting up an address requires no personal information.

DLT technology makes Bitcoin completely transparent. It stores complete details by an address of every transaction that ever occurs. Transfers of Bitcoin are immediate and when you make it once, they are final. At the same time, there are some fees. And international and domestic transfers are not subject to foreign currency exchange rates and fees for the transfer. There are no borders when it comes to Bitcoin.

Bitcoin is a fixed asset.

However, Bitcoin is divisible so the growth potential for the exchange medium is unlimited. Certainly, one of the most interesting inventions that came alongside Bitcoin is blockchain or distributed ledger technology (DLT). DLT has amazing potential when it comes to traditional operations. And also as settlement results for businesses in the financial as well as other industries.

What bitcoin is maybe the best describes this. Bitcoin cannot be held or kept in a pocket or wallet like currency.

So, what is bitcoin if you can’t touch it?

It is purely a computer-based means of exchange. Bitcoin has morphed from a fledgling digital currency into an asset or commodity. In fact, Bitcoin somewhat straddles the median. Its use of a currency is limited, it is too volatile to be considered a solid asset. But it is traded similarly to regular stocks and shares.

Can we, on the question what is bitcoin, say it is currency?

There is a great deal of debate about whether Bitcoin is a currency. We called The Merriam-Webster Dictionary for help and found that this dictionary defines currency as:

Circulation as a medium of exchange
General use, acceptance, or prevalence
The quality or state of being present
Something (like coins, treasury notes, and banknotes) that is in circulation as a medium of exchange
Paper money in circulation
A comment article used for barter
A medium of verbal or intellectual expression

The official definition of currency may leave you more confused about whether what is bitcoin. Is it a currency or something else? It certainly meets some of the characteristics in the definition, but not all.

In September 2015, the Commodity Futures Trading Commission (CFTC) in the United States officially designated Bitcoin as a commodity.

Can we, on the question what is bitcoin, say it is a commodity?

Bitcoin is one of those assets that does not quite fit well into any definition. In addition, and a historical understanding of what is a currency and what is a commodity.

While throughout history, many commodities and even some manufactured products have served as currency. The best examples are gold and silver. Central banks and monetary authorities around the world continue to hold vast gold reserves. Moreover, they are categorizing their holdings as “foreign exchange reserves.” Hence, both gold and silver are off in the same class as Bitcoin.

As you can see, the classification what bitcoin is as a commodity is both dubious and understandable, at the same time. It is not easy to categorize Bitcoin. Because it is so new and different from other assets available to the market participants.

What is bitcoin in the future?

Bitcoin is a child of the technological revolution.

As the first global currency that people can use all over the world as a method of exchange without involving governments. This cryptocurrency will continue to attract interest and resistance.

For people in countries where currency flows are subject to stringent government control, bitcoin offers a method to transfer fortune to parts of the world where restrictions are less difficult.

Bitcoin appears here to stay, at least for the time being.

Risk Disclosure (read carefully!)

26th October 2018
BITCOIN MINING EXPLAINED: HOW IT WORKS, HOW MUCH ENERGY IT USES AND WHAT NEEDS TO BE FIXED

The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there any way to fix it? Here are all your questions answered.

WHAT IS BITCOIN MINING?

Just as gold miners produce the world’s supply of gold, so do bitcoin miners produce all the digital currency available to the market – but, naturally, it is a bit more complicated than that. Mining is the process of adding transaction records to Bitcoin’s public ledger, or the blockchain.

HOW DOES MINING PHYSICALLY WORK?

First of all, the blockchain is, simply, a chain of blocks. Miners use special software to solve mathematical problems that both confirm legitimate transactions or blocks and create new bitcoins, adding new transactions to the blockchain about every 10 minutes. The hash rate is the number of calculations a piece of hardware can make every second as it works to solve that math problem, and the higher the hash rate, the more likely a miner is to solve a transaction and thus be rewarded with a set amount of bitcoin.

WHY IS IT SO DIFFICULT?

The difficulty of mining bitcoin is part of its design. The ideal average mining time is 10 minutes per block, and if that falls, the process becomes more difficult with the aim of keeping the block creation rate stable. There are a total of 21m bitcoins that can be mined, at which point the miners will close shop unless bitcoin’s protocol – the rules that secure the system – is changed to allow for a larger supply.

IS IT PROFITABLE?

Mining can be profitable, as miners are rewarded with a fixed amount of coins and transaction fees for their hard work, but the computers and hardware necessary for powering through blocks can eat up a lot of electricity and end up running huge costs.

HOW MUCH ENERGY IS USED AND WHAT IS THE COST?

The massive computer network behind bitcoin uses quite a bit of energy – as much as Serbia, to be exact.

A recent report by Accounts & Legal said the aggregate computing power of the bitcoin network is nearly 100,000 times larger than the world’s 500 fastest supercomputers combined, and miners are constantly installing upgrades to make their computers faster.

Digiconomist has created a bitcoin energy consumption index in order to understand how much electricity is consumed by the cryptocurrency. As of 5 December, bitcoin’s estimated annual electricity consumption was 31.96 terawatt-hours (TWh), or 0.14 percent of the world’s total electricity consumption. That’s about the same as Serbia and more than Morocco, Oman, and the Slovak Republic. Annualized estimated global mining costs were $1.6bn (£1.2bn), while annualized global mining revenues were $10.2bn. The index says 250-kilowatt hours (KWh) of electricity are consumed per transaction.

WHAT’S THE NEXT BIG CHALLENGE FOR BITCOIN?

Greenspan said working out how to scale the network is next on the agenda. “Energy consumption is only a small part of that. If bitcoin is to replace cash, in the long run, it will need to be fitted to process more than 100,000 transactions per second. At the moment it can do about 10. Many proposals are on the table but as the currency is decentralized it’s difficult to get everybody to agree on one,” he said.

Read more HERE

This article was originally posted on markemlickprivateequity.com/

22nd October 2018