Tag: Make money

All make-money related articles are found here. Educative, informative and written clearly.

  • How to trade stocks during the recession?

    How to trade stocks during the recession?

    How to trade stocks during the recession?
    Generally, trading is unquestionably one of the most difficult things but it is maybe the best opportunity to make money.

    By Gorica Gligorijevic

    I’ve been examining for some time now how to trade stocks during recession. Don’t doubt we are in a recession now because we are. Well, this recession isn’t like we know from our previous experiences. The one we are talking about is caused by a pandemic. 

    I know that many experts will argue that the recession would come anyway. That might be true but this one came due to the coronavirus pandemic and thus, it’s somehow different but speaking about how to trade stocks, the principle could be the same. That’s my opinion.

    First of all, let’s make clear one important thing. We all know that the most important market gains occur during short periods of time. What does it mean? It means the market profits aren’t equally spread throughout time.

    How should traders trade stocks during recession? 

    Stock trading in a recession could be very different since there are several opposing schools of thought. Some experts would suggest traders should go short. That is true due to the fact that some companies’ profits could be hurt and lower share prices.

    Yet, there is another group that deems the recession is a “lagging indicator” thus their opinion is contrarian.

    The first school advises traders to be cautious in these circumstances. This means traders should take little or no trading activities. In general, they suggest traders stay away until the end of the recession.

    Is a recession time to buy? 

    Yes, I know that many people have lost a lot but, on the other hand, many profited. So, I concluded that loss and profits during the recession depend on the strategy you use and the assets you trade.

    Take the risk and go short 

    This could be a possible best way to earn a lot of money during the recession when the market downturns. Well, if a downturn never comes you’ll not make money. 

    In a recession, traders usually go short. They short their stocks, some will sell their call options or buy puts.

    These trading activities show that traders expect the price will go down. If that happens traders will increase their gains. The most important for every trader is to set a stop-loss level and take profit level. That will trigger your risk management rules if the price changes direction and goes against your position. These settings will provide you to close the position in small losses. 

    In fact, gains from short positions happen faster.

    Short your stocks if you feel you have an advantage and if you want more direct exposure. Stocks with high beta could be the worst players during recession. These companies have weak balance sheets and the lowest earnings. Such companies could easily be from the tech or biotech sector, but always they are small-caps. 

    They are dropping faster due to traders’ expectations they will no longer exist.

    What else can you do?

    You can go long volatility if you buy a volatility ETF such as VXX. It showed great results in 2018 and in 2019 with sell-offs. If you chose this strategy to trade stocks during recession, keep in mind that you shouldn’t go long volatility for a long time. That could lead you to “decay”.

    Go long volatility for a short time, for example, it could be a month or two but no longer.

    Also, go long gold because it has tendencies to perform very well during recession. Well, gold cannot give you dividends or generate earning but it is a tradable commodity. In the dire economic circumstances, this asset always becomes more valuable. With some gold ETF, you could earn a lot.

    How to make money during recession?

    You couldn’t be more wrong if you think it’s impossible. Pay attention to how long you’re shorting the market. Bear in mind, when you’re buying volatility in the market it can last just one week. On the other hand, if you’re shorting index funds such as the S&P 500, you can do that for up to two years. 

    The point is to have discipline and short for a short time. Otherwise, you’re more likely to lose your money due to your faulty timing. To be honest, the simplest way to make money during a recession is to go long cash or cash equivalents. For example, some low-risk investments could be the right choice.

    Interest rates are currently ultra-low right. You can invest in treasury notes, treasury bills, bonds, money market mutual funds, fixed annuities, preferred stocks, common stocks that pay dividends, or index funds.

    Always have cash reserves. Remember, the latest mentioned are investing opportunities. If you want your money to earn a higher return on, you do have different options. Don’t be afraid to day trade, it can generate a lot of money right now.

    What’s the best strategy to trade stocks during a recession?

    Learning to trade is unquestionably one of the most difficult things. It can be terrifying and frustrating in the beginning. I want to say to new traders that attempt to enter this field, never try to figure out everything at once. You’ll be overwhelmed by the information and that can only confuse you. Make small progress every day, trade a little each day, and learn.

    Remember, it is 100 percent sure that it is possible to make a  lot of money during recession. The thing needed for trading is here – the price fluctuation. So, it is almost the same when there are no recessions or downturns. For stock trading price fluctuation is essential. 

    You must have a strong risk management strategy, and not more than two trading strategies. Never be impatient, just wait for A+ setups. You must have a trading plan, it’s impossible to just jump in a trade.

    Trade smart!

  • How To Make Living Trading Forex?

    How To Make Living Trading Forex?

    How To Make Living Trading Forex
    Trading forex is like a battle – if you want to win, you have to be ready for it.

    By Guy Avtalyon

    If you’re new to trading, you might wonder – how to make living trading forex? Is it possible at all? Well, everyone knows the small traders don’t. But, I have to tell you it’s possible. Even for the small traders. 

    It’s really possible to make a living from forex trading.

    I was just like you several years ago. You wouldn’t believe how desperate I was to earn money. Yes, I had a steady job at that time but it was barely enough to spur my dreams. And one day I met a man who told me he was making thousands per day.  I couldn’t believe it. I thought he was joking. That man told me he is a forex trader. 

    So what, man? The shocking surprise came several days later.  I heed his advice and have made thousands of dollars. 

    I’ll show you exactly how I did and how you too can do the same. So, here is! How to make living trading forex? 

    You might start making money from Forex trading even if you start with a $1 account. Honestly, if you start under $1000 you’ll not have a chance to leave your current jobs but slowly, your capital will grow and you could eventually make a living by trading forex.

    So, how to become a successful Forex trader? How much can you really make? How to make living trading forex?

    Let’s hop right in. 

    How to become a professional trader?

    The problem with new traders is that they minimize the engagement needed to succeed. If you’re not ready to do what it takes to become a professional trader you should put your dreams about making serious money aside. You have to be committed. You’ll need to invest a lot of your time to learn, build a winning stance by getting the trading skills. You’ll need a suitable mindset, one that will allow you to make money constantly.

    First of all, never give up due to the slight mistake. Second, never challenge or make wild trades. That will lead you to lose more than you should do. 

    Start your day trading as a part-time job. Think about your profits as an additional income. Later, when you come up to the point of fully understanding the forex market you might decide to invest large sums. But firstly, test yourselves, your skills, check your risk tolerance, your trading personality. Only in that way, you’ll build confidence. Never just jump in trading. 

    How much capital to invest to make a living trading forex?

    This is a very important decision. Don’t underestimate it. You have to precisely calculate how much money you can put at risk. That said, it isn’t the same when you are trading to earn some extra cash to pay for luxury travel or you’re risking your hard-earned money to live better. Sometimes, the financial survival of your family is in the game. Trading forex could be extreme psychological pressure. So, you’ll have to decide how much money you can put at risk until you develop and improve your trading strategy.

    What is the secret to Forex trading success?

    A consistent Forex trading plan. If you don’t have a trading plan, you will lose your money. Eventually, you’ll not succeed as a forex trader. Bear to your mind, you’ll not make billions on a single trade. The success in forex trading means you have a series of consistent trades supported by your trading plan. It is never a matter of luck. Forget it! Only if you have a consistent trading plan you can be successful. Forex trading isn’t gambling, so luck has almost zero influence. 

    It’s like in your life. Your life is shaped by things you’re doing consistently. Not from time to time. 

    If you want to be a successful Forex trader you’ll need the dedication to trade according to your trading plan. You’ll need your own rules, your strategy. 

    How to trade Forex? 

    You’ll have to learn how to predict the movement of the forex market. That’s not all! There is more! 

    For each transaction, you’ll need to predict how the value of one currency will go against the other in the currency pair. Some pairs are moving 100 pips every day. That depends on the market conditions for the day you’re trading. And it is changeable. Sometimes during one day, the changes can be enormous.

    Guys, I really hope you know what the pip is! Nevermind, it is the smallest movement of a currency pair. For example, if you trade EUR/USD currency pair and it moves from 1.1900 up to 1.2000 you’ll make a 100 pip move.

    In forex trading, you can buy different lots of the base currency you want to trade. I hope you know what is a “lot size” in the forex?

    The important part of forex trading is to look at indicators to choose the pair and the time to trade. Indicators could be literally everything, from price patterns to macroeconomy. 

    You might think it’s hard to follow but here is your trading plan to help you. Also, you can find some accurate apps and use them. Or, you can use some trading signal provider. Whatever you choose you’ll have to understand the forex is full of mysteries, especially for new traders. So walk carefully throughout this field. Never rush! It’s better to miss the trade than to have the wrong trading and lose money. 

    When you fully understand forex trading you’ll see unlimited opportunities there. And you’ll see how to make living trading forex.

    How much money can I earn trading Forex?

    Yes, I’ve heard a lot of stories of Forex traders that made millions in the short term. I’m sure you’ve heard them too. Forget them! Forex trading isn’t some get-rich-quick scheme. It’s a business. You don’t believe it? Okay! 

    That’s not your pair of shoes. These traders are another category, you’re not the same. You are unique! All your characteristics are different. Your risk tolerance is unlike the trading strategy, you have different rules of risk management. Almost everything is different. Don’t compare yourselves to them. 

    How much money can you make trading forex? I don’t know. Nor anyone can know. 

    Think about the size of your account, also, how many trades you want to do per month, expected returns, will you withdraw your profits, or you’ll reinvest, how much you’re ready to risk per trade. When you get the answer to all these questions you’ll be able to calculate how much money you can earn in forex trading. 

    In any case, you must have realistic goals set in place. You must have a trading strategy with a positive outlook. Also, you must trust your trading plan.

    How to make living trading forex?

    It is like any other job. That means you’ll need skills and strategy. Motivation plays a great role. Find a mentor, that is the easiest way. Let successful traders inspire you. Learn from them. But remember, you’re in charge, you have to create your unique path, you have to shape your trading career. 

    Bear in your mind, every profitable trader made mistakes and still makes mistakes. You will make them too. But try to do that without sacrificing a big portion of your trading capital.

  • How Options Trading Make Money?

    How Options Trading Make Money?

    How To Trade Options And Make The Best Returns?
    Options trading strategies include the whole range from simple trades to extremely complex. No matter simple or complex, they’re based on two fundamental option types: calls and puts.

    By Guy Avtalyon

    There are unlimited ways to learn how to trade options and make money. How to find the best options trading strategy is also very important. You have to choose and find the right time to use your options trading strategy. That will result in huge profit potential for the traders. If you never learn you’ll be stuck in the question of how to trade options and miss a chance to make the best returns.

    You may ask why trade options instead of direct assets?

    Trading options have some advantages that could benefit you more than direct assets. Before we explain to you how to trade options, we want to tell you where you can do that. 

    In the US CBOE or the Chicago Board of Options Exchange is the largest exchange for trading options, actually, it is the largest in the world. Its offer is in the range from single stocks, ETFs to indexes. 

    In Europe, the situation is a bit more complex since we have a specific type of option. More about this READ HERE
    Recently, the market maker demanded from regulators to bring the new rules about derivatives trades. But if you want to trade options CME Group or Intercontinental Exchange can be the right places.

    Anyway, whichever you choose you’ll have to create the proper options strategy, one or more. You can choose from a very simple buy or sell strategy to extremely complex that require many simultaneous option positions.

    How to trade options for income?

    Traders frequently enter the trading options with limited or lack of understanding of options trading strategies. It is quite hard to explain why because they can learn how to trade options and find plenty of strategies that could limit the risk of trading and, at the same time, give the best returns. 

    That requires a little effort but gives an opportunity to take advantage. Traders who know how to trade options can enjoy the power of options trading. And they are very powerful. Having that in mind, we are giving you the shortened version of how to trade options along with the most powerful strategies you can use to generate the best returns. These strategies will teach you how to trade options and direct you on the right path.

    Basic strategies to learn how to trade options

    Options trading strategies appear in the range from simple, for example, one-legged strategies to fascinating multi-legged that seem like they are coming from the other planet but from one more advanced than ours. Simple or complex doesn’t matter. All of them are based on primary option types: calls and puts. 

    When we say “simple” that doesn’t mean there are no risks involved but that simple strategies are a good starting point to understand how to trade options. Also, they are able to give good returns. 

    So let’s start with what traders call one-legged strategies.

    The long call

    This is a strategy when you buy a call option. In other words, you go long. This strategy means that you are betting that the underlying stock price will go up, higher than the strike price by expiry date. 

    For example, the stock you want to trade is at $40 per share and the call is accessible for $2. The expiration date will come in 6 months. As you know, you have to buy 100 shares at least which is a standard option contract, so your contract is for that amount of shares. That will cost you $200.

    $2 premium x 100 = $200

    Here are three possible scenarios with your long call option.

    The key variables in our imaginary case are:

    The strike price is $45
    Initial price in the example is $2
    Current underlying price is $40

    If the underlying price is lower than the strike price at expiration, your option will expire worthlessly. The result of your long call trade will be the loss. That loss is equal to the amount of money you paid for 100 shares, in our case study it is $200 which is the initial cost. The option’s total profit or loss depends on the underlying price. For example, if the underlying price is, let’s say, $42 why should you exercise the option? That would allow you to buy the underlying asset at, for example, at $45 which is more expensive than you buy it on the market.

    But here is the good news. In the long call trade, the loss will be always limited, you cannot lose more than your initial cost was. Even in case the underlying price drop to zero. You’ll lose the $200, the amount you paid for the call option.

    The second possible scenario is when the underlying price is equal to the strike price. That is a very rare case but still. In such a case there is no reason to exercise your option. You could simply buy it on the market since the price is the same. You’ll end up the same as in the first case scenario. Your loss will be equal to the initial cost.

    But what if the underlying price is higher than the strike price?

    Actually, you are buying the long call option for this scenario. That is the best possible case. When the underlying price is higher than the strike price that meant the option is in the money and you have to exercise it.

    For example, the underlying price rose to $50. As you already know, the options give you the right to buy the underlying asset at the strike price, in our example, it is $45. What can you do? Immediately sell it at the underlying price, meaning you have to exercise the option. That will bring you a cash flow of $5 per share, and as you have 100 shares which means $500 for that option contract.

    To calculate the profit from the trade you have to subtract the amount you initially paid.

    ($5 – $2) x 100 = $300

    That is your profit from one long call trade.

    The long put

    It is similar to the long call, but in this options trade, you’re betting on a stock’s decline because you don’t want it to rise. You are buying a put option, wagering the stock will fall under the strike price by expiration.
    For example, the stock trades at $40 per share, a long put option at $40 strike is available at a $4. The date expires in 6 months, for example.

    This long put will cost you $400 for 100 shares and you bought 10 contracts.

    $4 x 100 = $400

    The long put value is the biggest when the stock is worth $0 per share. That leads us to conclude, and we’ll be right, the stock’s maximal price is the strike price multiplied by 100 shares and multiplied by the number of contracts. 

    In our example, it is $4.000.

    $4 x 100 x 10 = $4.000

    When the stock increases, you can sell the put and save part of the premium, if there’s some time to expiration. The greatest downside is a total loss of the premium or $400 in this example.

    A long put is a way to bet on a stock’s drop if you can allow the possible loss of the whole premium. If the stock drops notably, you’ll earn significantly more if you own puts than you would by short-selling the stock. The other advantage is that you can use a long put to limit potential losses. In the case of short selling, you could take an incredible risk because the stock price could continue to rise. The stock has no expiration.

    How to trade options – The short put

    The short put is the inverse of the long put. The trader is selling a put, or in other words, going short. This strategy is best to use when you assume the stock will stay the same, meaning it will be flat or increase till the expiration. That will mean the put expires worthless and the put seller will take the whole premium. A short put is similar to a long call, but there are some differences. It is, so-to-say, a modest bet that the stock will rise so the payoff is modest too.

    If you use this strategy in the best case you can expect the maximum return same as the premium but you’ll as the seller will receive that upfront. The premium will be paid as a whole if the stock price increases above the strike price or stays the same. If the stock goes below the strike price at expiration, the seller will have great losses because such will be forced to buy the stock at the strike price.

    This strategy is useful for…

    But this strategy is suitable for traders who want to generate income by selling the premium to other traders. Particularly to traders who are betting the stock will drop. Put sellers want to sell the premium, that’s all that matters.

    Traders very often use short puts to reach a better buy price on a very expensive stock. They simply sell puts at a strike price, where they would like to buy the stock. For example, with the stock at $40, a trader will sell a put with a $30 strike price for $3.

    If the stock drops below the strike price at expiration, the trader is assigned the stock and the premium will offset the buying price. The trader pays a $27 per share, or the $50 strike price lessen for the $3 premium that he/she already got. 

    But if the stock continues above the strike at expiration, the put seller will hold the cash. So such can decide to try the strategy again.

    Is trading options a good idea?

    Yes, of course, and cheaper than trading stocks. Well, it’s obvious why trading stocks is interesting. It’s somehow simple to understand and definitely there is money that traders can make. But some other financial instruments can produce the benefits that stocks do not.
    Options trading, especially, has many advantages. Trading options is a very good idea and I’ll explain why even if it is more complex than stock trading and traders have to learn so much about it.
    First of all, in trading options, traders can make meaningful profits without having a large sum of money. So, it is perfect for beginners that want to start trading with a little money. Also, it is very profitable for those with large budgets. This potential to make a big profit with a little money comes from the leverage. The leverage is what provides your capital with much more trading power.

    A real-life example

    For example, you have $500 to invest and you want to invest it in Company ABC stock. Its stock is currently trading at $10, but you expect it to rise. If you buy this stock using your $500, then you could buy 50 shares of that stock. If you were right and the stock really rose to, for example, $15 you will make a profit of $5 per share which is $250 for the total. That’s a 25% return on your initial investment.
    Let’s see what will happen if you chose to buy call options on that stock.

    Alternatively, you could choose to buy call options on the same stock, giving you the right to purchase the stock. If call options with a strike price of $10 were trading at $1.00 each, you could buy 500 options with your budget of $500. That will give you a chance to buy 500 shares if the stock rise. So, let’s say the stock rises to $15, and you might exercise your option and buy 500 shares. If you sell them quickly your profit will be $2,500.
    Deduct your initial investment of $500 used to buy options. So, you’ll pocket $2.000. So the return of your capital invested is 200%.
    This is a simple example but tells more about trading options than everything.

    There are numerous profitable strategies for options trading. Traders-Paradise introduces you just four of the many strategies and ways how to trade options.  Of course, we will continue writing about all strategies we know or find from other traders.
    As we already said, there are countless ways to learn how to trade options and we are willing to present them. 

    Stay tuned, we are here for you. 

  • Good Returns On investment – How To Know Where To Invest?

    Good Returns On investment – How To Know Where To Invest?

    Good Returns On investment - How To Know Where To Invest?
    The long-term returns seem attractive, and it is easy to start investing. But you must have realistic expectations.

    By Guy Avtalyon

    Good returns on investment is what every single investor wants. But some have unreasonable expectations. Especially beginners. They are hunting stupid high returns on investments and lose money. No matter what asset class is, they are looking for high rates of return. Nothing is wrong with that, but a dose of reality is necessary for investing. Dreaming is okay, of course since it can motivate us to reach our goals but if our dreams are unrealistic it can deliver us the stress when we unveil that reality isn’t like our dreams. 

    So, everyone including beginners in the stock market must understand what are good returns on investment. We would all like to become rich overnight, that is a legit dream but the real-life is something different. One of the main problems is that beginners don’t understand the effect of compounding nor how it works. Most of them don’t know what good returns on investment means, how much it is.

    First of all, temper your expectations. 

    Over almost the last 100 years, the stock market’s average return is about 10% per year. But returns are infrequently average. So, if you are one of the new investors you have to know several things about what good returns on investment is. 

    What are good returns on investment?

    You have to know that historical data shows that the average stock market return is 10%. Are you surprised? What did you expect? Oh, we know! You heard the stocks are among the riskiest investments and the high risk may provide you a high potential reward, right? That’s true but it will not happen overnight. Let’s go back to average stock returns. 

    The S&P 500 Index is the benchmark measure for annual returns. When we said the average annual return is 10% it wasn’t quite true. The truth is that you have to reduce this 10% by inflation. For example, if you start to invest now you can expect to lose buying power of 2-3% per year which is caused by inflation.

    The stock market is directed on long-term investments. That means you can invest your extra or saved money you will not need for the next five years or longer. If you don’t like this you may prefer a shorter investing period, for example, a year or two. Well, then the stock market isn’t for you. Choose one of the lower-risk alternatives. For instance, a savings account. Yes, you will have the lower returns, but you’ll be protected from stock’s volatility.

    As we mentioned above, the average return per year is 10%, but it is actually far away from average. There were periods when it was dramatically lower but also the periods when the returns were much, much higher. That’s due to the stock’s volatility. We have to say and this may sound illogical for beginners, but even during the volatile market’s years, returns can be good.

    Your expectations must be fair

    Honestly, you have to learn this. Especially if you’re a new investor. You may think you can earn 25% on your stock investments over several decades. We have to tell you, your expectations are extremely big. It’s not going to happen. Maybe this is rude to say, but that’s insane. Yes, we know you found someone out there who promised you that high returns, but you have to understand cush lied to you. Such is counting on your lack of experience, and on your greed. Are you greedy? Go to the casino! Start gambling! Stock investing is a serious job, hard work, also connected with a lot of pleasure and passion with one single most important goal – to have good returns on investment and over time, to provide financial security for yourself. Well, and maybe, just maybe you’ll become rich. 

    So, your financial foundation should never be based on dangerous opinions and actions. Don’t be irresponsible. What you really need is your investment to provide you a nice retirement, you wouldn’t like to end up with less money than you expected.

    The meaning of good returns on investment can be confusing for someone, particularly young investors because when you enter the stock market you might know only about a 10% annual return rate. But keep in mind, you don’t have guarantees that they are going to repeat themselves. The returns on investments never were a smooth or upward path. remember, markets are volatile and you may suffer great losses over time. But what is important and everyone should know that that’s the nature of the free-market. Over a long-time period, you’ll beat the market if you follow some rules.

    How to calculate the rate of return

    Let’s say you already have determined your investing goals. You clearly know what your target is. Also, you have to identify the amount of capital and time you have to invest. All information you need is in front of you. So, let’s see the magic of compounding.

    For example, you have $2.000 to invest. Assume that the annual rate of return is 10%. After one year you’ll have $2.200, right? But what if you want to sell your whole investment after 2 years, for example, for $3.000. Super done! Your profit is $1.000 which is a 50% return. Amazing! Oh, wait! You have to pay capital gains taxes. Take away 15% from your gain. Well, your profit isn’t $1.000, it is $850. You’re left with $2.850. Well, you still have good returns on your investment after two years. It is 42,50% now. Did we have inflation? Of course, we did. So, you have to count inflation of 4% for 2 years. 

    Let’s do it.

    $2,850×0.96×0.96=$2,626.56 

    That is 31.32% real return of your investment. This $2.626 amount still isn’t bad but it’s far away from your $3.000 and 50% where we started this calculation.

    Look, the annual rate represents the profit you earn on your investment per year, or how much will you get in return for each dollar invested every year.

    There is a simpler calculation. Just find a simple percentage. For example, you invested $1.000 and your gain is $300. What will your return be? 

    (300/1000)x100 = 0,3×100 = 30%

    This approximative value. But if you want to know the exact you’ll need the first calculation we showed you. That is a well-known ROI, return on investment.

    Can the stock market give you good returns on investment?

    The stock market is unstable and unpredictable, so you’ll never have any guarantees there. But if you consider this 10% average return you’ll understand that investing in stocks may provide you financial security in the long run.

    What are the good returns on investment today?

    Well, the answer is pretty complex but to make it simpler, use this rule of thumb: If the recent returns were higher than average, the future returns will be lower. 

    That’s why it is much better to calculate, for example, 6% or 7% of the average annual of return when estimating your returns over time. Because, as you can see, this average return is rare. It is higher or lower. Also, there is some psychological effect, if you expect too high returns you’ll be disappointed if your investment never gives you that. Also, you’ll be glad if your investments beat your expectations.

    The best approach in the stock market, if you want to make real money, is to buy stocks at good prices and sell them at a profit.  What is a good price? To figure it out you’ll have to know how much money you want to get when you sell it.

    Good returns on investment for an active investor is 15% per year. For this to reach you’ll need to be aggressive in looking for bargains. It isn’t hard to achieve. For example, your buying power can be doubled every 6 years if you have average annual returns of 12% after you pay all taxes, also, count the inflation for each year. This is one way to beat the stock market. The other is to become a trader but a smart one. The coronavirus is causing people from almost all parts of the globe to halt their activities. People are urged to stay home, schools are moving to online learning. Take this as an advantage and learn something useful, why not?

  • Forex trading for a living – How and Why

    Forex trading for a living – How and Why

    3 min read

    Forex market - The differences with other markets 1
    Forex trading for a living is valid for retail investors. Well, that means that trading Forex for a living is possible. The trouble for most people is that they commonly lack the needed trading skill, steadiness, training, or pragmatic mindset to make it trading Forex full time.

    The Forex market is the most liquid market in the world. There are various shareholders from across the world trading in it.
    Thanks to the Internet Forex trading is accessible for almost anyone. This means the market is no longer for the sharks of investment banks and multinational companies.

    From some reasons, forex trading has a bad reputation. The reasons are well-known. Scam artists and brokers that trade against their customers are the main reason for that.

    But for some people, forex trading for a living is a way of life and profession as well.

    Can you trading Forex market for a living

    Ambitious traders often ask is it really possible to make a living trading the Forex market.

    The answer is yes.

    But we owe you a true answer.

    Yes, you can be trading Forex market but you have to do a lot of things in a proper way.

    The key is simple. You have to learn to become a profitable trader and then act.

    Easier said than done. But, you can be trading Forex market for a living, and we personally know people who make steady money in the markets.

    So, there are no barriers.

    So, what it takes to be able to trading Forex for a living?

    To do so, however, you have to put a large number of banknotes on the market, and trading them regularly.

    How much money do you need for Forex trading for a living?

    Forex market - The differences with other markets 3
    If you want to make a living trading the Forex market is sufficient starting capital. If you don’t have enough you have to accept that you will not be making a living from trading Forex quickly.

    The exact amount of money to trade full-time is different for everyone. Generally speaking, you will need a nice amount of money at your disposal. Of course, in order to trade a large position size and make enough money.

    And, at the same time, not risking too much of your account on any one trade.

    Maybe you should start as a part-time trader for extra income. It is easier to achieve in the early stages of your trading work. Instead of putting pressure on yourself to make a lot of money fast, you should focus on creating a consistently profitable track record and self-confidence.

    And the money will come.

    It is interesting, even when you have a large amount of money to trade with, if you do not focus on the principles of successful Forex trading, you will lose anyway.

    How should you start Forex trading for a living?

    Gradually! Perhaps it will take about six months to get the basic knowledge and understand how everything works.

    You have to read a lot of trading literature at the time, for instance. Maybe you will talk to traders on different forums, exchange notes and ideas for the strategies and ask a lot of questions. That will be a good way to learn

    This community will answer your questions and help you understand a lot of the most difficult theories.

    Then, you should start with a demo account.

    There you will trade without real money involved.

    It’s a good plan to feel the stress of actual trading but you will not risk your real money.

    You should practice trading a couple of weeks, getting how to use it, and then start an account with real money. Honestly, some traders think that trading with real money is the only way to learn.

    It is a good idea to start with a small account. For example, with $20 or $25. If you gain a profit quickly, don’t worry, you will lose it faster. But it will be a good lesson.

    You will realize what ‘risk management’ really is and why traders think that it’s important. So, go back to the books, and try to develop your own trading strategy.

    Real trading will start later, on a standard account with a $500 deposit, for example.

    Basic paths on Forex trading for a living

    Each path has its advantages and disadvantages. It’s up to you to consider each of them before you decide for forex trading for a living.

    You have to prove to yourself that you are able to make money trading forex.

    This means, you can make money consistently and you’ve increased your skills to be a successful forex trader.

    After you recognize this rule, you can start to trade full time.

    If you have a day job, it can be quite a challenge to trade forex full time.

    In that case, you have a good cash defense to keep you going for some time.

    Actually, you need to have some cash saved. The ideal situation is to have at least 2 years worth of cash to live on.

    This may give you a stress-free trading environment from the start.

    The determination to succeed is another path.

    This is when you’ve started making some good amount of money and you think you can do it as a full-time thing.

    Or maybe you already have enough money in the bank and forex trading forms an only little part of that.

    For example, you have $200,000 cash in the bank and you put in $70,000 to start trading forex full time.

    The $200,000 is for you to live, as a reserve, whilst that $70,000 trading account is what you try to make your living on. That’s why you might want to put that amount on Forex trading for a living.

    The truth is, you need to very carefully consider all your options before you jump into the Forex market.

    Frankly, you have only two options: you can succeed or you can fail.

    Why do people decide for Forex trading for a Living?

    For the money, of course!  

    We are not going to lie. People get into trading because they want to make large amounts of money and travel the world doing it. Some people trade because they obsessively love it and it is a part of their identity.  

    So, the reasons can be very different.

    Lots of people have heard stories about people coming to the Forex market and making a killing overnight.  Maybe some of those stories are what set you out on your journey to trading Forex for a living. Those stories can be true, but what they have forgotten to mention is that behind such success are the years of hard work and fight. It isn’t easy to make it to the top.

    What tools do you need for Forex trading for a living?

    Education. This is a big topic to consider. You can read our tutorials. If you know nothing about Forex trading then this is probably the best place to start your learning journey.

    Broker and trading account. Also, you can find all about the best platforms and brokerages on our Wall of Fame.

    Good platform. Once you sign up with some broker of your choice (check out our broker review page HERE.) you then need to download and install the platform. And if you are into algorithms their platform will suit you. Try using a demo account first so that you can learn how to use the platform properly.

    Forex Trading Program - How To Choose The Most Useful 5

    The bottom line

    Here are all the basics that you need to get started Forex trading for a living. It’s up to you to do the work and put in the time. Trading for a living requires a lot of hard work, enthusiasm, and commitment to make it work.  

    You have to be firm to make it work even in the times when something is going wrong.

    But, if you give it your all, the rewards at the other end are unquestionably worth it. When you approach trading with the respect and commitment it deserves then you can live the dream of Forex trading for a living.

    Don’t waste your money!

     risk disclosure

  • Make Money Online Quickly

    Make Money Online Quickly

    Make money online fast
    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.

     

  • Making Money From Home – How Is It Possible?

    Making Money From Home – How Is It Possible?


    An ideal job for most of the young people is remote work and here are some possible jobs for making money from your home.

    By Guy Avtalyon

    Making money from home is possible and maybe the most popular these days.

    But, what do your fellows or cousins say when you express your desire to make a lot of money from home?

    Most of them say: “Okay, then go to school. Be a good student. Find a good job and work hard. ” You already know that, and it’s great to have an education. But this is not a guarantee that you will make big money.  On the other hand, you know that there are many people who make a lot of money in a relatively easy and effortless way.

    And whenever you mention to your crowd that you know some guy or girl who are making money from home, what answers you have as feedback?

    “He’s/she’s a thief.” “He/she has connections everywhere.” “It’s not an honest business.” “He/she was lucky.” “He’s/she’s one in a million.” And a bunch of similar stories.

    Yeah! Tell me something about that!

    However, these are just excuses.

    OK, the truth is that you have to work for money. But it is not enough just to do something. It’s important to do it SMART.

    There is a saying: Do it smart, not hard.

    And that’s true. If hard work is the only important thing to gain wealth, all the people in the world would be at least millionaires.

    What does SMART work mean and how can you make money without HARD work?

    It’s very simple.

    Smart work means doing the work once, then for months (sometimes for years) to enjoy the fruits of your work.

    Passive income is making money from home

    When you heard someone say, “I started looking for ways to get a passive income.”
    Probably never.

    But you’ve heard a thousand times: “I started looking for a job.” (Or worse: “I’m waiting for a job.”)

    And when you try to explain passive income to someone, they immediately say that you are lazy.

    I’ve heard of innumerable ways of passive earning. You can write a song, record a home video, patent an idea, write a book. You can sell handmade on Etsy, you can be freelancer, virtual assistant, or you can sell cookies. Or even simpler, you may begin to earn money from home, by trading.

    With the rapid development of computers, mobile devices, and faster Internet, there are more and more opportunities for automating some jobs and generating passive income.

    I’ll give you the ultimate beginner’s guide to trading online. First of all, you have to recognize different kinds of trading.

    What to trade while making money from home

    STOCK TRADING: That is the art of buying, holding, and selling stocks (also called shares) of securities listed on public stock exchanges.

    FOREX TRADING: That is the art of buying and selling currencies in the hopes of making profits on the difference in the value of such currencies in global economics.

    OPTIONS TRADING: That is the form of derivative trading in which people trade contracts that give them the rights (but not obligation) to buy or sell an underlying asset at a predetermined price.

    BINARY OPTIONS TRADING: Form of trading in which traders expect to earn a predetermined payout or nothing at all (they are also called all-or-nothing options) based on the success of their ‘prophecy’ of the outcome of a specific market event. Little complicated and not secure.

    YOUR FIRST TRADE

    You’ll need to decide on the kind of assets or securities you want to trade. After that, you’ll need to make is choosing the right broker or brokerage firm through which you’ll access the markets. That’s very important because the broker you choose will have a direct influence on securities you’ll be able to trade, on tools you’ll have at your disposal, how much you’ll pay in fees, and what final returns you can expect on your trades.

    You have to find a broker that would charge relatively low fees and provide you with a full package of resources to make your trading experience easier.

    TRADING STRATEGIES

    The main difference between trading and investments is that a trader seeks out market movements for profit, on the other hand, an investor waits to profit from long-term price movements in the assets in their portfolio. A trader will make tens or hundreds of trades within a week while an investor will buy and hold an asset for months or years. The first action in creating your trading strategy is to create a trading plan.

    A trading plan is like writing a business plan for some entrepreneurs. It will help you to make a realistic decision in periods of rapid market movement when your emotions might lead you to make impulsive decisions.

    A trading strategy should include specific goals such as: getting out of debt, retiring early, making your first million. Also, your trading strategy should include your asset allocation and diversification moves.  As a beginner, you shouldn’t put more than 5% of your trading capital per trade. Make sure your trading strategy contains a mix of fundamental analysis of global events, like wars that impact oil prices, but also technical analysis like trading rules based on price and volume transformations.

    It is important because you can use this information to determine your entry into trades, your exit when the trade goes your way, and your escape when the trade goes against your plans. In you, your best interest is to develop the disciple to incorporate stop/limit loss orders into every trade you place.

    New traders can use technology to lower the entry barriers to trading by automating many of the activities.

    THERE ARE SOME OF THEM:

    * Trading bots – This is simply computer programs with instructions based on a predetermined set of market indicators and parameters. You can use automated trading systems to trade stocks, options, futures, and foreign exchange products. It is based on a predefined set of rules, which determine when to enter an order, when to exit a position and how much money to invest in each trading product. Trading bots are especially helpful to beginner traders and sometimes, a bot can be an important market ally for reducing your losses.

    * Stock screeners – That can help you filter the stocks in the market to narrow down potential winners before their big breaks. Screeners are helpful to identify top winners and losers, stocks on momentum, and stocks that are possible to break out above resistance levels or break down below support levels.

    * Social trading – This is a type of trading in which traders rely on users’ financial content, gathered from different networks. This type of trading provides you the platform, so you can be part of a society of successful traders. That may help you to make your own trading decisions.

    WHAT YOU HAVE TO REMEMBER

    Always use a trading plan, don’t underestimating the importance of a trading journal, change trading strategy after every trade.

    Test your trading skills on some FREE DEMO ACCOUNT in a virtual environment before you start risking your own money. Practice trading strategies so that when you’re ready to enter the real market, you’ve had the practice you need.

    Do you have any experience in trading? Share with others.

     

  • Just 5 F***ing Minutes In Trading To Find What BS Is

    Just 5 F***ing Minutes In Trading To Find What BS Is

    Start with a small amount if you do not have a lot of money.
    Stop on what you consider to be the last stop.

    2 min read

    Just 5 F***ing Minutes In Trading To Find What BS Is

    These are the best trading tips you’ll ever get. Remember this:

    * When the market is sinking rapidly – buy.
    * But when it rises, place a stop order at the price of the purchase.
    * Each time the value rises to $100, move the stop for $100. Follow the trend.  Every time you move your stop, it protects your profit. Follow the trend until the momentum is lost or until everything is reversed.
    * Do not try to predict the climax. Continue moving the stop order point.
    * Stop on what you consider to be the last stop.

    So, you want to enter the crypto-trading? You do not want some small 10% ROI after a year on a regular old stock market because it’s for grandparents and old people. Or you want to quit your business with a middle finger and immediately start trading cryptos. Okay!

    Maybe it’s your dream to become Gordon “greed is good” Gekko, or Jordan Belfort, a Wolf from Wall Street? Or you may want to blow up and do not want anything less than a yacht, a villa and a girl in a bikini scrambling around one of your pools. All this and even more FULLY can be yours! Find how HERE

    Are you ready to turn your dreams into reality?

    Cryptocurrencies have some of the best ROI in history (ROI = return on investment) and you have a great opportunity to earn good money.

    How to make money with cryptos?

    Stories like “… I invested all my money in Ethereum (and so are all my friends) …” they are fun at some level (students can afford some risks because if they lose everything they will have a lot of remaining life to recover later).

    On the Internet, you could read the announcement of a person who pawned his car because he wanted to enter the “shit coin pump”  where traders gather and buy like crazy to inflate a collapse of crypto. Before it falls on idiots. Of course, he lost all the cryptos and his wife kicked him out. This is not good and you do not want to be that guy.

    FIRST QUESTION

    “Do you have enough money to invest?”, is the first thing you need to ask yourself because if you have extra money, you would be surprised what you can do with it.

    Start with a small amount if you do not have a lot of money. Careful. You should only invest money that you can afford to lose.

    Of course, nothing stops you to take a loan, sell a cottage, another apartment, a wife’s car, something that you do not need anyway. It will be hard not to make money. The crypto will not disappear as the Internet has not disappeared.

    SECOND QUESTION

    “Are you a buy-and-keep, or a trader?” This is the second question that you need to ask yourself when trading with crypto. Because these are two completely different things.

    Simply, just buy and keep is the right strategy for most people. You should get some of the famous cryptos like Bitcoin, Litecoin, or Ethereum, put them in cold storage and forget about them. Do not read the news and do not worry about wild swings or predictions of a collapse from the ”yellow” press.

    But if you want to trade cryptos, this is something else, because that means looking for information on how to enter and exit the market. We recommend you to do some research before you accidentally select some cryptos and look at their charts because otherwise you will trade blindly and you don’t want that. The rules of the game are basic, but it’s important to remember:

    Buy cheap, sell more expensive! 

    There are two parts: earning money and keeping! Most people fall and burn in the second part because everyone earns money and then immediately invests it further. Trading with crypto is like a golden fever! You are like the conqueror of new territories.

    You enjoy the excitement that is better than sex.

    However, it is brutal in the days when you are losing. You will lose money, friends, hair, you will be unsatisfied, angry, depressed and distracted.  Remember, you play against the maniac and sadistic “mind” of the market, and against yourself. Your system of belief, emotion, and mental power works against you. Markets and people are not rational. First of all, we all have partial information like in the fog, because the information isn’t near evenly distributed. We all have different degrees of ability to process this information, which means that we are all at some point stupid. We all own distorted mental heuristics and a stupid system of belief.

    Being “right” when you are actually wrong is a great way to lose your money.

    The reasons why new traders are losing are:

    a) They trade without edge, in other words – they are gambling
    b) Also, they are trading on a lot
    c) And they’re trading low-value things

    Trading with crypto is like juggling with a cobra! So if you’re not a professional trader, do not do these things. Crypto markets are moving at the speed of video games and you can easily lose money.

    Does this mean you should not trade cryptos? It’s not about it. We enjoy trading!

    You should too!

    Risk Disclosure (read carefully!)