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#how to make money online as a broke beginner
proteeti11-blog · 2 months
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Forex Trading in India: A Comprehensive Guide
Introduction to Forex Trading
Forex trading, also known as foreign exchange trading, involves the buying and selling of currencies in the global market. In India, forex trading has gained significant popularity due to its potential for high returns and the ease of accessibility provided by online trading platforms.
Regulations and Legal Framework
Forex trading in India is regulated by the Securities and Exchange Board of India (SEBI) and the Foreign Exchange Management Act (FEMA). These regulations ensure that forex trading activities comply with legal requirements and protect investors from fraudulent practices.
Popular Forex Trading Platforms in India
Several online platforms cater to forex traders in India, offering user-friendly interfaces and advanced trading tools. Some of the popular platforms include Zerodha Kite, Angel Broking, and Upstox Pro, among others.
Major Currency Pairs for Indian Traders
Indian traders commonly trade major currency pairs such as USD/INR, EUR/INR, GBP/INR, and JPY/INR. These pairs offer ample liquidity and trading opportunities for investors in the Indian forex market.
How to Start Forex Trading in India
To start forex trading in India, one must open a trading account with a registered broker and undergo a verification process. Additionally, beginners should focus on learning market analysis techniques and risk management strategies.
Risk Management in Forex Trading
Risk management is crucial in forex trading to protect capital and minimize losses. Traders can implement stop loss and take profit orders, as well as proper position sizing techniques to manage risk effectively.
Common Strategies for Forex Trading
Forex traders employ various strategies to profit from currency fluctuations, including trend following, range trading, and breakout trading. Each strategy requires a thorough understanding of market dynamics and risk tolerance.
Psychology of Forex Trading
The psychological aspect of forex trading plays a significant role in success. Traders must learn to control emotions such as greed and fear, while maintaining patience and discipline in executing trades.
Tax Implications of Forex Trading in India
Forex trading profits in India are subject to taxation under the Income Tax Act. Traders must report their gains and losses accurately and adhere to tax regulations to avoid legal complications.
Forex Trading Tips for Beginners
Beginners should start with a demo account to practice trading without risking real money. Additionally, continuous education and learning from experienced traders can help improve trading skills and profitability.
Forex Trading Myths in India
There are several myths surrounding forex trading in India, such as the belief that it is a get-rich-quick scheme or akin to gambling. In reality, successful forex trading requires education, discipline, and risk management.
Understanding Forex Trading Charts
Forex traders analyze price movements using various chart types, including candlestick charts, line charts, and bar charts. Each chart type provides unique insights into market trends and price action.
Forex Trading Signals and Indicators
Traders use technical indicators and signals to identify potential trading opportunities. Common indicators include moving averages, Relative Strength Index (RSI), and Bollinger Bands, among others.
Forex Trading and Economic Events in India
Economic events and announcements in India, such as Reserve Bank of India (RBI) decisions and inflation rates, can impact currency prices and market volatility. Traders must stay informed about such events to make informed trading decisions.
Conclusion
In conclusion, forex trading in India offers lucrative opportunities for investors to profit from currency movements. By understanding market dynamics, implementing risk management strategies, and staying disciplined, traders can navigate the forex market successfully.
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tomreview · 9 months
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no double-spacing, no padding, just unique premium-quality content
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hmatrading · 10 months
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Are you looking to get started with online trading in India? One of the key factors to consider before diving into the world of stock market investments is finding a brokerage firm that offers low charges. After all, minimizing your costs can have a significant impact on your overall returns. In this blog post, we will take a closer look at the lowest brokerage charges in India and help you choose the right broker for your investment needs. Whether you’re interested in Angel One Share Price, Fyers Web, Groww Brokerage Calculator or Fyers Brokerage Calculator, we’ve got you covered! So let’s dive in and discover how to maximize your profits while keeping those brokerage fees at bay!
What Is the Brokerage charges In India for top 5 brokers?
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1. Angel Broking: With Angel Broking, you can enjoy competitive brokerage charges starting as low as 0.03% on delivery trades and intraday trading. They also offer various plans like flat-rate plans or monthly subscription-based plans to suit different trading preferences.
2. Zerodha: Known for its user-friendly platform, Zerodha offers one of the lowest brokerage charges in India with a maximum fee of Rs. 20 per trade across segments including equity, derivatives, commodities, and currency.
3. Upstox: Upstox is another popular broker that provides cost-effective trading solutions with a charge of Rs. 20 per order irrespective of the trade value or size. This makes it an attractive option for both beginners and experienced traders alike.
4. HDFC Securities: HDFC Securities offers flexible pricing options depending on your trading frequency and volume. Their brokerage fees start at 0.05% for intra-day trades while delivery-based trades are charged at 0–25%, depending on the transaction value.
5. Groww: Groww is gaining popularity rapidly due to its easy-to-use interface and zero commission model where no brokerage charges apply for stock investments.
With these top brokers offering competitive rates, you have ample choices when it comes to finding a broker that fits your budget and investment requirements.
How Are Brokerage Fees Calculated?
Brokerage fees are an essential aspect of online trading, and understanding how they are calculated is crucial for investors. The calculation of brokerage fees varies depending on the broker and the type of trade being executed.
In most cases, brokerage fees are charged as a percentage of the transaction value. This means that the higher the value of your trade, the higher your brokerage fee will be. For example, if a broker charges a 0.1% brokerage fee and you execute a trade worth Rs. 1 lakh, your brokerage fee would be Rs. 100.
Some brokers also charge a fixed minimum brokerage fee regardless of the transaction value. This ensures that they earn a minimum commission even on smaller trades. However, it’s important to note that not all brokers have this requirement.
Additionally, there may be other components included in calculating brokerage fees such as taxes and regulatory charges imposed by stock exchanges or government authorities.
It’s worth mentioning that different brokers may have different methods for calculating their charges. Some brokers offer tiered pricing structures where the percentage charged decreases as the trading volume increases.
To minimize your overall costs when selecting an online broker based on lowest brokerage charges in India, it’s crucial to consider factors like trading frequency and investment size carefully.
Understanding how brokerage fees are calculated allows investors to make informed decisions while choosing an online broker for their trading needs
What Is The Minimum Brokerage Charge in India?
When it comes to online trading, one of the key factors that traders consider is the brokerage charges. After all, nobody wants their hard-earned money to be eaten up by high fees. So, what exactly is the minimum brokerage charge in India?
The minimum brokerage charge refers to the lowest amount that a broker will charge per trade or transaction. Different brokers have different fee structures and may set their own minimum charges. However, it’s important to note that these charges can vary depending on various factors such as the type of trade (equity, derivatives, and commodities), order size (quantity/value), and exchange segment.
In general, most brokers in India have a minimum brokerage charge ranging from Rs 10 to Rs 20 per executed order. This means that even if your trade has a very low value or quantity, you will still be charged this minimum amount.
It’s worth mentioning that some brokers also offer zero or discounted brokerage plans for certain segments or types of trades. These plans are designed to attract new customers and provide cost-effective options for regular traders.
To find out about the specific minimum brokerage charges offered by different brokers in India, it’s advisable to visit their websites or contact their customer support teams directly. Additionally, you can utilize online comparison tools and calculators available on various financial platforms.
Remember: while minimizing costs is important when choosing a broker based on lowest brokerage charges alone may not always be ideal. It’s essential to consider other factors like reliability of trading platform technology support research facilities customer service quality etc., before making your final decision.
How to Choose the Right Broker In Terms Of Lowest Brokerage Charges?
Choosing the right broker in terms of lowest brokerage charges is a crucial decision for any investor or trader. With so many options available, it can be overwhelming to make the right choice. However, by considering a few key factors, you can find the broker that suits your needs.
Compare the brokerage charges offered by different brokers. Look for brokers who offer low flat fees or discounted rates for high-volume traders. Keep in mind that some brokers may have additional hidden charges, so read the fine print carefully.
Next, consider the trading platform and tools provided by each broker. A user-friendly platform with advanced features can enhance your trading experience and efficiency.
Another important factor is customer support. Choose a broker who offers prompt and reliable customer service through various channels like phone, email or live chat.
Additionally, look into the overall reputation of the broker. Read reviews from other customers to gauge their experiences and satisfaction levels.
Evaluate if the broker provides access to research reports and educational resources to help you make informed investment decisions.
By considering these factors along with lowest brokerage charges, you can choose a reliable and cost-effective broker that meets your trading requirements.
FAQs about Lowest Brokerage Charges
Q: What are brokerage charges in India?
A: Brokerage charges refer to the fees that brokers charge for executing trades on behalf of investors. It is a percentage of the total trade value or a fixed fee per trade.
Q: How do brokerage fees vary among brokers?
A: Different brokers have different structures for calculating brokerage fees. Some may charge a flat fee per trade, while others may have a tiered structure based on trading volumes. It is important to compare and choose a broker that offers competitive rates.
Q: Can I negotiate brokerage charges with my broker?
A: In some cases, it is possible to negotiate brokerage charges with your broker, especially if you are an active trader or have significant trading volumes. However, not all brokers may be open to negotiation.
Q: Are there any hidden costs associated with lowest brokerage charges?
A: While most brokers disclose their brokerage charges upfront, it’s important to be aware of any additional costs such as account maintenance fees, transaction charges imposed by exchanges, or taxes applicable on trades.
Q: Should I only consider lowest brokerage charges when choosing a broker?
A: While low brokerage charges are certainly an important factor when choosing a broker, it should not be the sole criterion. Other factors such as customer service quality, platform features, and research and analysis tools should also be considered.
Remember that researching and comparing different brokers will help you find the one that suits your needs best!
Source - https://medium.com/@hmatrading.in/lowest-brokerage-charges-in-india-for-online-trading-9c9a7686e893
Read more - https://hmatrading.in/lowest-brokerage-charges/
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tamtamaratam-blog · 11 months
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FINANCIAL EDUCATION:
Certainly! Here's a list of suggested books, videos, and materials for each point of the financial education program:
Personal Finance Basics:
Book: "The Total Money Makeover" by Dave Ramsey
Video: "Budgeting 101" by Khan Academy
Material: Budgeting templates and worksheets
Financial Goal Setting:
Book: "Your Money or Your Life" by Vicki Robin and Joe Dominguez
Video: "Setting Financial Goals" by The Financial Diet
Material: Goal-setting worksheet and visualization exercises
Banking and Financial Institutions:
Book: "The Money Book for the Young, Fabulous & Broke" by Suze Orman
Video: "How Banks Work" by Learn Liberty
Material: Online banking simulation or case studies
Credit and Debt Management:
Book: "Debt-Free Forever: Take Control of Your Money and Your Life" by Gail Vaz-Oxlade
Video: "Understanding Credit and Credit Scores" by Khan Academy
Material: Sample credit reports and interactive debt repayment calculators
Investing and Wealth Building:
Book: "The Intelligent Investor" by Benjamin Graham
Video: "Investing for Beginners" by Investopedia
Material: Simulated stock market portfolios and investment research tools
Taxes and Tax Planning:
Book: "J.K. Lasser's Your Income Tax 2023: For Preparing Your 2022 Tax Return" by J.K. Lasser
Video: "Tax Basics: Introduction to Taxation" by TurboTax
Material: Sample tax forms and interactive tax calculators
Introduction to Entrepreneurship:
Book: "The Lean Startup" by Eric Ries
Video: "How to Start a Startup" by Stanford University
Material: Business plan templates and case studies of successful startups
Consumer Rights and Financial Protection:
Book: "Consumer Reports Buying Guide 2023" by Consumer Reports
Video: "Understanding Your Rights as a Consumer" by Federal Trade Commission
Material: Sample consumer complaints and guides on avoiding scams
Retirement Planning:
Book: "The Bogleheads' Guide to Retirement Planning" by Taylor Larimore, Mel Lindauer, and Richard A. Ferri
Video: "Retirement Planning Basics" by NerdWallet
Material: Retirement savings calculators and retirement income projections
Financial Decision-Making:
Book: "Thinking, Fast and Slow" by Daniel Kahneman
Video: "The Art of Decision Making" by TED-Ed
Material: Case studies with decision-making frameworks and exercises
Financial Ethics and Social Responsibility:
Book: "Doing Well and Good: The Human Face of the New Capitalism" by Willie Pieterson
Video: "The Moral Roots of Liberals and Conservatives" by TED Talk with Jonathan Haidt
Material: Discussions on ethical dilemmas and real-life examples of socially responsible investing
Financial Technology and Innovation:
Book: "The Fintech Book: The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries" by Susanne Chishti and Janos Barberis
Video: "How Fintech Is Changing Finance" by CNBC
Material: Case studies on fintech startups and demonstrations of digital payment platforms
These resources provide a range of educational materials to supplement the financial education program, including books for in-depth knowledge, videos for visual learning, and interactive materials to engage students actively. Remember to
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Ordinary people…Extraordinary results
Hey,
Thank you for opting in to learn more on starting an online business in just 72 hours. I'm excited to share with you how you can quit your 9 to 5 job and live a life of full financial, time, and location freedom.
During the presentation, my business coach and mentor, Jonathan Montoya, spoke about how ordinary people like you are earning 2K to 6K + a month through freelance digital marketing. I’m sure we all know the words of John Legend’s song: “We're just ordinary people
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Tricia,
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and Sergio….
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….are just a few examples of people who have used Jonathan’s course to quit their 9 to 5 jobs and start their own passive online businesses. They now have the time to do what they love and spend quality time with their family.
The best part is, you don't need to have any special skills or a product to sell. Jonathan will teach you the powerful blueprint that he used to make seven figures in commissions as a complete beginner. In just three phases, you will learn how to build a passive income business step by step, copy the exact system, and get unlimited customers to your offers without even paying for ads.
If you join the 72 Hour Challenge, Jonathan will even show you how to build out this whole system for free. I know it may sound impossible, but it's not. Last month, Jonathan made over 30K implementing exactly what he shows you in the challenge.
Jonathan Montoya started out just like you. He was frustrated with his engineering job, in debt, and not fulfilled in his life. He was broke and had no skills starting out. But he figured out the golden ticket to freedom: freelance digital marketing.
All you need to do is sell other people's proven products online for a commission. You don't have to deal with inventory, support or create your own products. It's the easiest and simplest way to start making money online.
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noseecontacto · 1 year
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How to Bet on Sports for Beginners: 12 Tips to Know
NBA overall betting method is yet an additional technique which you need to not gloss over, particularly if you intend to gain some serious cash. It is essential to remember that while live roulette techniques can be a great starting factor, they can just take you up until now. Roulette is a gambling game and there's constantly a house side to consider.
What is the smartest method to bet?
Make wagers based on the probabilities. Betting with your head as opposed to your heart is everything about making https://medium.com/@casinohowtowin/a-comprehensive-comparison-of-major-gambling-and-betting-strategies-74099f8fd8bc smart bets based upon odds instead of feelings. Occasionally it''s an excellent idea to bet on the numbers rather than that you believe will win, since this can stand for a much better value if the odds remain in your support.
The money is the amount of money you will deposit for your betting ventures. This quantity, no matter your situation, need to be a sum that you can manage to shed. Where legal on the internet sports betting is not currently offered. If you have actually experienced a touch of losses, don't attempt to offset it by making quick wagers with a lot of cash. Be patient and also make sure to bet sensibly so things do not leave hand. Produce accounts on as several sports betting websites as feasible.
The Pareto Concept In Sports Betting
This proves out, specifically when it comes to basketball groups which have actually seen certain adjustments of current. It goes without saying that one of the most evident distinction in between the fundamental and the sophisticated NBA wagering methods originates from the fact that the last need much more competence. To put it simply, so regarding ensure that you will have the ability to apply these strategies correctly, you need to include in your expertise about NBA.
The reality is that to win cash at a gambling establishment, you require to be lucky.
Often you'll see something like "Ohio State is 7-3 against the spread as a favorite in the house this year" in sports betting coverage.
No matter just how much you can manage to play, wagering is a fun method to complement watching sporting activities each week.
You are totally free to produce any kind of system you want in order to place the top quality of groups or private athletes, yet Elo Rankings can be a great base.
Proceed till all numbers in the series have actually been gone across out.
This system functions finest in games with even money bets such as Roulette or Blackjack. D'Alembert Betting System which calls for gamers to increase their wager by one device each time they shed and also reduce it by one system every single time they win. This system is best made use of in games like Roulette or Baccarat, where your house edge is relatively low. The Labouchere Betting System is one more preferred wagering method utilized in online casino betting. It entails listing a listing of numbers that amount to the overall wager that the gambler is willing to make. The casino player then wagers according to this listing, as well as when they win, they go across off two numbers from the list and proceed wagering up until all numbers are crossed off.
Fading The General Public (Low Effectiveness) & Locating Reverse Line Movement (Medium Effectiveness)
It placed a percentage chance of an upset based upon variables that prevailed in previous upsets. By transforming moneyline probabilities to a percent, we can detect which moneyline bets Slingshot recognized as an excellent value. What the Labouchere strategy does is permit gamers to go broke, slowly. It would not matter if they were wagering random amounts randomly times, your house edge does not change. All that changes arebetting patterns and also our great old friend, difference. As gamers get nearer the objective, losses come to be a lot more crippling.
If the wager loses they require to add the total quantity bet to the right of the line after that go back to tip 4. This indicates that assuming they take the exact same amount of cash in wagers on both heads and also tails, for each 1 unit they take, they pay out 0.9 devices, and maintain 0.1 systems as profit. If you were to do this after that you would certainly need500 winning runs without a shedding streakof as much as 7 just to break even. That's practically impossible as well as the primary factor whyThe Martingale technique does not work. Actually, most individuals are going to lack money much faster than they make it. The rewards are really small and also threat, for most people at the very least, can be extremely high.
Did This Article Help You?
With many showing off occasions and also a lot more betting markets to pick from, punters are dealt with to a substantial variety of choices online. Nonetheless, even if there's great deals to select from, it does not indicate you ought to overdo. If you see an occasion essentially likely that the bookmakers do, you have maybe found a worth wager. If you can continually discover value wagers, you will at some point win even more money than you lose. Obviously, in sports betting, it is going to be hard to know the precise likelihood of success or failing of an event.
Home Run Prop Picks, Best Predictions and Odds 5/1/23 - Best MLB ... - WagerTalk Sports News
Home Run Prop Picks, Best Predictions and Odds 5/1/23 - Best MLB ....
There are likewise plenty of services that present odds as well as prices for a details match throughout multiple sportsbooks. It may be just a few bucks occasionally, however over the course of a sports wagering season, clients can win an additive amount of cash from going shopping the lines. This is why a lot of wagerers search for the sportsbook with the most effective points spread which basically degrees out the having fun field.
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emmrberks · 1 year
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nowadays i've had to constantly lie about the fact that i'm in college just to avoid further questions and it's always irked me the wrong way. maybe it's bc i'm autistic and as you know lying makes me uncomfortable. it's not as if i can't lie,i've definitely lied before but with this certain lie it just hits my sore spot which is namely the shame i've built around not going to school bc of my mental health issues. i was supposed to just take a break from school for a couple of years but somehow even pursuing college with a much better mental state still wasn't enough since the school environment was such a huge sensory hell for me to the point i would have a huge mental breakdown. i keep telling myself i did what was best for me but somehow there's still this part of me that says maybe you just didn't try hard enough but idk... once when i was with my mom an acquaintance of hers asked my age and then she said "oh they're about to graduate then" and it hit me hard if i was able to push through with school then maybe what this lady would've said would be true. once i broke the news to my friend that i dropped out of college they asked me what my purpose was in going in the first place and then i told them that i just wanted to be through with it and then they replied maybe that's why i couldn't go through with it bc i didn't have a strong enough reason to go to college and that convo has always stuck with me ever since. i've always thought that's how people went about it while going to school,i'm just doing it bc it's what's expected of me,of everyone. i'll just have to go to school just so that i can say i've had a proper education and just to be through with it but i'm starting to realize that's actually not normal. idk i don't even have a natural talent that i can profit off of and i'm just so lost. it's so isolating bc most people my age are in college and i'm not. i've even thought of possibly doing paid tarot readings online just so that i can earn some money while i'm mostly at home and just so that i can have some sense of purpose but i'm still a beginner and i don't think my readings are worth paying for at this point although i've already tried reading cards for some people idk i've literally leapt from one topic to the next but hopefully this makes sense
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SH66: Investing 102 - Asset Allocation, Diversification, and When to Sell
How to make your money go faster than Max Verstappen (Formula 1 driver). Not actually, there’s no get rich quick schemes here, just the basics of choosing how to invest your hard-earned money for the long-term.
In this episode, the humans talk about asset allocation, diversification, how bonds work, what a dividend is, fantasy formula 1 leagues, minimizing fees, tax-advantaged accounts, and when to sell.
Standard Humans is hosted by Aidan Dennehy and Evan.
Shownotes:
What Are Index Funds?
What is an ETF?
Eat the Rich: The GameStop Saga Netflix Show
The Beer Pipeline in Bruges
Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money by Erin Lowry
Beginners' Guide to Investing in Bonds
How Bond Funds Work
Why Do Bond Prices Go Down When Interest Rates Rise?
Formula 1: Drive to Survive Netflix Show
Formula 1 Fantasy League
Tickets For Montreal Grand Prix 2023
What Is a Target-Date Fund?
Vanguard Asset Allocation Investor Questionnaire
What Did Enron Do?
TFSA (Tax Free Savings Account)
RRSP (Registered Retirement Savings Plan)
Tax-Free First Home Savings Account (FHSA)
Robo Advisors vs. Index Funds
Canadian Couch Potato Model Portfolios
Where to Learn More
Wealthsimple Personal Finance 101 - Collection of great articles for understanding the basics of investing for Canadians
“Best Investing Strategies” article by Wealthsimple
Broke Millennial: Stop Scraping By and Get Your Financial Life Together by Erin Lowry - A great book for getting through the pre-investing checklist
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness by Dave Ramsey - Also good for the pre-investing checklist
Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money by Erin Lowry - Amazing beginner’s guide to investing
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G Malkiel
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle - Investing advice from the guy who created the first index-fund
How The Economic Machine Works by Ray Dalio - Great video to understand how the economy works
The Financial Diet - Great YouTube channel for general money advice
Graham Stephan - Another great YouTube channel, he gets into riskier investments and more aggressive saving than we cover in the episode, but his stuff on the stock market is pretty good. Especially if you’re looking for context on things that are currently in the news.
What Is Financial Independence, Retire Early? A Beginner’s Guide - article by Time on the FIRE movement
Apps to track your finances
Mint - Great free budgeting app
Wealthica - Great free investment tracking app
Quicken
Asset Allocation Quizzes
Vanguard Investor questionnaire
Example Asset Allocations
Canadian Couch Potato Model Portfolios - Most simple asset allocation strategy I can find
Couch Potato Portfolio Returns for 2021
Three Fund Portfolio
iShares Asset Allocations by Investment Style
Questrade ETF Portfolios - Scroll down to the asset allocation section to see what they invest in based on different risk profiles
Best SINGLE ETF Portfolio Canada (2022) YouTube Video
The EASY ETF Portfolio! - Index Fund Stock Market Investing YouTube Video
Robo-Advisors
Wealthsimple
Questrade
List of Robo-Advisors in Canada
Brokerages (Companies that you can buy stonks through)
Wealthsimple Trade
Questrade
Best online brokers in Canada for 2022
ESG Investing Resources
How to invest your money (and not wreck the climate) - Great video by Simon Clark on how to use your investments to make the world a better place and get a great return on investment
Carbon Collective - American climate change Robo-advisor, their overarching strategy is a good template
10 Best Clean Energy ETFs In Canada (Oct 2022): Go Green - Good article on clean tech ETF options for Canadians
Bank.green - Great resource for finding an eco-friendly bank
Tax Advantaged Accounts
TFSA
RRSP
Tax-Free First Home Savings Account (FHSA) - New account coming 2023
RESP
High-Interest Savings Accounts
Best high-interest savings accounts in Canada 2022 - Moneysense article
Best High-Interest Savings Accounts in Canada - Wealthsimple article
EQ Bank: Savings Plus Account
Helpful Tools
Wealthsimple Income Tax Calculator - Quickly calculates how much you will have to pay in tax based on your income level
Portfolio Visualizer Great for comparing the performance of different asset allocations and portfolios
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Janis Urste How To Work The Forex Trading Market
Janis Urste Qualified tips provider. Currency trading is a lot more that just making a simple trade to someone else whenever you want. It is truly a strategic endeavor. It has so many techniques that require a keen eye, precision, and strict attention to time and trends. Do you have what it takes? Regardless of your answer, here are some tips to help you.
Study the long term trends in the Forex market. While there is always a chance of a big shakeup in currency values, for the most part the long term trends are steady. If you are wondering whether to get out of a market or not, learn what the trend is for that currency and use that as a guide.
Some currency pairs have what is called an inverse relationship with another currency pair. What this means is that when one pair is trending upwards, the other trends downward (and vice-versa). The classic example is that of the EUR/USD vs. the USD/CHF. This comes about because the The Swiss economy is closely tied with the rest of the European economy. Additionally, there is the common factor of the US dollar in both pairs.
When you are first starting out in forex trading, start with small investments out of a bank account that can be managed solely online. This prevents you from overextending yourself right away, as well as giving you the option to quickly add and remove money as needed to keep your trading afloat.
Choose an experienced broker to help you start out. Ask around, and plan to do research before you choose someone to help you. An inexperienced, or worse, unethical, broker will tear down all the gains you may have already made. Choose someone who knows how to work with your level of expertise.
Avoid Forex brokers who promise very large returns on your investment. Currency trading is extremely volatile. It can, in fact, produce large returns, but this requires very high risk trading strategies. A broker that promises very large gains is not a reputable broker, and it is better to choose a broker with a solid reputation, based on conservative strategies.
In order to be successful in the foreign exchange market, you must begin with yourself. You should begin by thinking about your own goals for foreign exchange trading. Once you know your goals, you can have a better understand of where you want to go in the market and better your chances of being successful and profitable in the market.
When using a stop loss on your Forex program, remember to always set it before you validate your order. Neglecting this major detail could result in a very, very bad day of trading in the marketplace. It's the little things that will help you achieve long-term success as a Forex trader.
The worst possible thing you can do in Forex, is to rush into investing. You may have just read about the Foreign Exchange Market in a magazine or on an Internet ad and think that you just have to deposit your money now. Well, this is what a lot of people think and this is why almost 90% of all Forex investors go broke.
Janis Urste Professional tips provider. Most beginners feel the need to invest in several currencies. Begin by selecting one currency pair and focus on that pair to start. Try not to venture in too deeply until you develop a better understanding of how things work. This will minimize your losses.
Before trading, formulate a plan and vow to follow it religiously. If you trade without a clear plan, emotions such as hope, fear and greed can influence your trades. Remember, you do not want anything other than market trends and global events to dictate your entry into and exit from the forex market.
If you're new at forex, make sure you start with a mini-account and don't play with too much money. Allow for a learning curve so you can learn the market and minimize your losses when you're just starting out. It can be tempting to jump in completely, but give yourself time to learn the ropes.
Only trade what you can see, not what you would like to see. It is the golden rule of trading. Be sure that a signaling bar on the chart if formed completely and closed prior to entering a trade. If you do not wait and it should go the opposite direction of what you want you could be out your money.
It has been proven that you should avoid trading on Mondays and Fridays. The best days to get in on the market are Tuesday, Wednesday, and Thursday. The market is more stable than in the beginning and the end of the week and easier to determine the positive and negative trends.
If the market is proving to be profitable at a given time, stay with it. Be sure to have an excellent exit strategy in place so you do not risk losing all of the profits that you have made during the winning streak. Run two or more open trades so you have the option to keep some running and close others.
Withdraw some of your winnings regularly. If you do not take the time to enjoy what you have won, you will be more likely to take unnecessary risks. Do not reinvest it all back into trades hoping to double your winnings, or you may find yourself broke and out of the game.
Beginner Forex traders should try and keep their focus on a single currency pair. You don't want to dive into this world recklessly so its generally a good idea to start slow. It is only natural to be unsure of what you are doing in the beginning and this method will allow to to gain confidence.
Janis Urste Expert tips provider. Now you see that currency trading is not just making a trade when you choose. It takes skill and a knack for timing. Since you don't want to make a poor trade and lose a lot of money, the tips in this article should have given you some advice on how to avoid that.
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funchtran · 2 years
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Best Commodity Trading Platforms
Most of the top rated commodity trading programs offer a number of solutions, such as industry execution. For ease, they usually charge a small fee to be able to carry out your own trades. These platforms only differ in a way: the asset they trade. Goods are different by stocks, so that you will want to get one that provides some sort of variety of providers. Yet , there are usually certain things to be able to try to find when picking a platform. Throughout this article, most of us discuss some regarding the features associated with each. Angel Broking Should you be looking regarding the best program to trade commodities, then look not any further than Angel Broking. This full-service retail broking company, which was founded in 1987, provides digital trading systems and apps to be able to its clients. Best Trading options on fundamental and technical analysis, publishing their findings. A person can access their services online or perhaps via a desktop computer or mobile device. To be able to trade commodities, you are going to need a separate commodity trading accounts. If you already have some sort of demat account, you will have to wide open an unique one regarding this purpose. eToro The eToro asset trading platform is a great alternative for traders of all experience ranges, including beginners. Its mobile application permits you to monitor your investments about the go. You can even use the app to price changes and market media. As being the price associated with oil is unpredictable and afflicted with personal decisions, you should keep an eye on the price of oil regularly. Excess production can travel down prices, although too little could cause them to rise. Libertex If you aren't a beginner inside the world involving commodity trading, you'll appreciate Libertex. This particular platform lets you view live quotes intended for all instruments, make your own favorite checklist, and check the wallet balance. The platform is wide open around the time, 365 days a year. You can in addition utilize the app to be able to access it coming from anywhere. Body fat end up being left expecting market hours. Want to know the best part concerning Libertex is it offers no commission service fees. GKFX If an individual are interested in studying how to trade in Forex, an individual should consider GKFX. It is a good excellent solution to make money off regarding global economic fluctuations. It offers electronic platforms so an individual can trade free of risk. You can start off by signing up for a no cost demo account. These types of demo accounts can easily hold a balance regarding up to EUR 5 000. The demo accounts likewise feature real-time costs and trading situations. You can available a demo bank account by clicking about the web link on the company's home-page. The process is very simple, however you will will need to follow a few steps to do so. Interactive Brokerages For new traders, it is ideal to start together with a brokerage that will offers an array of investing platforms, including eToro. This is mainly because eToro offers accessibility to dozens associated with commodity markets and even has very aggressive overnight financing fees. However, system is certainly not suited for extensive investments, because products are cyclical and even volatile. If most likely unsure what kind of trading system to choose, check out these tips:
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slowlyhardbasement · 2 years
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Silvergate Capital
It is highly secure, with several layers of security to protect your funds. In addition, the app is backed by an experienced team of security experts who are always working to improve the app's security. A seamless interface is designed to meet the needs of all users, regardless of their level of experience. No matter if you are a beginner or an expert, you will find the app easy to use. Crypto investors who would like to make money from the market can rely on https://www.coininsider.com/bitcoin-code-review/ because it is compatible with smartphones, convenient for trading.
The reviews claim that this trading bot average daily profitability is 15%.
Bitcoin Champion is a trusted platform that allows you trade completely automatically thanks to an algorithm that has been developed by experts.
Therefore it is the customers' duty to validate the quality of the content including but not limited to grammar errors, misspelled words or overall presence of the product before making the purchase.
Bitcoin Champion offers a fully intuitive demo account to give you the chance to familiarize yourself with the live trading platform.
Its online reputation is outstanding, showing that those who already use the platform are pretty satisfied, especially when it gets to profits and comfort of handling.
Therefore, you should only invest what you can afford to lose. You can do what you normally do while the robot does all the math for you. It is during these hours that Bitcoin shows the most volatility, which are the most interesting times to trade. Always follow the time of the US East Coast, as this allows you to trade in line with the opening hours of Wall Street in The Big Apple. Here are some tips to help you get the most out of this robot.
Are there different kinds of Bitcoin wallets?
We are a safe platform powered by top encryption to safeguard our clients’ data from hackers. Moreover, we are compliant with data privacy laws in all our jurisdictions of operation. Our trading algorithms have been tested by experts and proven to be legit.
Does Apple own Bitcoin?
CEO Tim Cook told the DealBook Conference in November that he owns crypto as “part of a diversified portfolio.” While he said Apple had “no immediate plans” to integrate crypto payments, “there are things [the company is] definitely looking at.” The White House is also looking at how to foster crypto innovation.
But Bitcoin Champion app provides involves zero risks even for beginners. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
Low Fees for Using Our Services
Potential investors must be aware that past performance is not always indicative of future results. Therefore, you should not invest with capital you can't afford to lose. To provide more accurate predictions, the crypto robot is focused on this market. To trade with Bitcoin Champion, you must make a minimum deposit of EUR250.
What was the cheapest Bitcoin ever?
According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010, but did manage to hit that level in early 2011. Then in February it crossed $1.
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We recommend that you take full advantage of the market with https://cryptowatcher.info/. Bitcoin Champion This allows traders to try out the demo mode to get to know the system. You are welcome to use this feature if you wish to trade in real-time. After you have started, you’ll gradually be introduced to the important features of Bitcoin Champion. These features will help you to grow and diversify your financial portfolio.
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There are a lot of rules and regulations that one has to follow while trading. If you are a beginner in this kind of trading, you may find it difficult to follow the rules and regulations. cryptowatcher.info In addition, there are a lot of fake sites available on the internet. In order to avoid getting cheated by these sites, you should choose a trusted platform for trading.
CoinSpot vs Crypto com Exchange Comparison
It takes less than five min to register a free account together with Bitcoin Champion. But, live trading may delay up to one hour as your identity is verified by the agent.Bitcoin Champion is license-free but a registration fee may be introduced as the amount of users keeps growing. This investment comes at a time when cryptocurrency prices are trying to rebound after some very difficult weeks. MicroStrategy has already realized a juicy capital gain on this investment, with a bitcoin portfolio worth $5.67 billion at last check, according to Bitcoin Treasuries.
To get started with Bitcoin Champion, you'll need to put away an initial deposit of 250 EUR. It's a simple framework that only takes a small initial investment because it uses money to back the first transaction you make. With Bitcoin, you can transfer money from person to person on the peer-to-peer bitcoin network without the use of a middleman or a central bank.
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tomreview · 11 months
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wootenhoover1 · 2 years
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Texas Hold'em Poker - Can You Beat The Bot?
The main reason people don?t fold is that they want to keep playing. Each poker session is a "session". They see it as a series of hands that has a starting and ending. If they play for only an hour, they will want to play more hands that hour. YOU, on the other side, will realize that your poker career is One Big Never-Ending Poker Session. If you sit down to play for an hour and you don't have any situations, cards and scenarios where you should play, then you won't play. After an hour of playing, you will stop folding and turn off the computer. If you want to play a game for fun, play Monopoly. If you're looking to play winning poker, then it's high time to get a pencil. You should be alert for newcomers very early on. It is easy to be reckless in the game, but it can also be very dangerous for newbies. People who play all-in on every hand will not make it to the final table, but they could poach your stack if they don't. You won't win too many poker tournaments if you think going all out early on is a good approach. Texas Hold'em remains the party favorite. It also has the highest traffic online. It is featured in most major poker tournaments and televised money games. There are a selection of credible poker books that you should study and you can always go to the local casino and persuade the best player to give you individual lessons, but this article focuses on top 5 places to go online to get better and improve your poker play right from where you are right now; in front of your computer screen. As the Series evolved, it became evident that Benny Binion?s brainchild would eventually outgrow its home. winning poker game After 35 year of holding the event in its hometown, July 2005 saw the Series move to Rio just down the Strip. Learn how bluffing works. This is a strategy that professional players use to confuse their opponents. It is deadly against beginners who will often fall for it. We don't know what caused him to take so long, but Howard Lederer finally broke the WSOP bracelet voodoo in 2000 when he won $5,000 Limit Omaha. How many final tables he'd made in the past without winning the cheese? Twelve. To win this game, you need to have more chips that your challenger. If your challenger leaves with fewer chips, it's a good time to choose this option. There is a possibility that he will lose all his chips. However, situs slot online gacor will only lose a few chips.
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pipcupid · 2 years
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Pip cupid What You Ought To Know About Forex
Pip cupid Top service provider. A platform like Forex is able to provide a lot of opportunity for a lot of people, but it can also be the bane of your existence if you do not treat the market with the utmost respect. A failure to focus and act correctly will leave you flat broke and reeling. Examine the tips below before investing your money.
Gamblers belong in casinos, not on forex. Before you begin trading, make sure to study market trends and have done some stock analysis. Read books on the subject and study online as well. A basic course in forex would be worth the investment if you want to get the most out of your buying and selling experience.
In forex trading you need to identify successful patterns and stick to them. This is not about using automated scripts or bots to make your sales and purchases. The key to forex success is to define situations in which you have a winning strategy and to always deploys that strategy when the proper situation arises.
Don't ever trade money in the forex markets that you need to meet your basic financial needs every month. If you are working on a deadline to pay your mortgage or your utilities bills, you will trade emotionally, not rationally. Forex trading shouldn't be done as your only source of income, and should only be done with money you can afford to lose.
Do not place protective stops on round numbers. When placing protective stops on long positions, place your protective stop below round numbers and for short positions set the protective stop above round numbers. This strategy decreases risk and increases the possibility of high profits in all your forex trades.
New forex traders just starting out should remember that you cannot learn everything in a day. This is why you need years and years of schooling to learn a particular subject. The same holds true with forex. Do not over-trade and overextend yourself trying to learn how to trade. Take in a little bit as you go.
Pip cupid Most excellent service provider Automated forex programs and ebooks detailing fool-proof systems are not worth your money. These products usually are not proven. Unfortunately, the people making the most profits from these are the people selling them. If you want to spend money on cultivating your Forex skills, hire a pro to give you one-on-one tutoring, as this provides the most bang for your buck.
Forex traders should avoid adding money to a losing position in hopes of making any money they lost back. This is an absolute recipe for disaster and a strategy mistakenly used by many beginner traders. You must realize when you have to cut your losses and live to trade another day.
Trading in the foreign exchange market does not have to be a solo thought process. You should try to discuss your experiences with other traders to see what opinions they may have on your situations. While doing so, keep in mind that ultimately, it is up to you to make the final decision in your trading choices.
For better results, you should stick to one or a few currency pairs that you are going to trade in. Each currency pair has its own best signal service and its own patterns. Focusing on a small part of the market allows you to develop an acute understanding of the mechanisms behind forex.
You don't have to trade or hold open positions all the time. If there is no reasonable trading option in the forex pair you are trading watch the market, but don't gamble with your money. No action is the best action when you are not sure which way the market will go.
Look up videos that teach you how to use forex. Reading about forex can help but seeing a visual demonstration should allow you to understand the mechanisms of forex much faster. Watching videos will help you become familiar with a broker's interface and with forex charts, as well as show you how to perform certain actions more efficiently than written material would.
A common mistake is to start trading right away, even if a beginner's account. Before you even sign up for an account, you should learn everything there is to know about forex and do some research on brokers to open the right kind of account. Forex might sound exciting but you should really take your time at first.
If you are just starting with Forex, limit yourself to one market. You can then expand your trading to perhaps two or three markets, but you should not trade on more markets as a beginner. It is very hard to have a clear picture of what the situation on one market is like, and trading on too many markets can lead to confusion and mistakes.
Find out as much as you can about your forex broker. This point cannot be emphasized enough. Make sure they are regulated, and have been established in the trading business for several years. Their regulating agency should be named on their site, and can provide records showing if the broker is meeting their financial reserve requirements.
Let your gains run, but cut your losses early. This adage about stock market investing applies equally to the Forex market. If a position is winning for you, a premature exit can clip your profits. If a position is losing, holding on too long can cause your losses to snowball, making it hard to recover.
To begin the investing and trading you should always allow time for learning. Find a reputable company that allows demo trading. The knowledge, practice and discipline you gain will help you become a successful trader. 90% of beginners fail to succeed because they do not prepare for their venture.
Pip cupid Proficient tips provider. As you read at the start of this article, Forex must be treated with the utmost respect if you hope to succeed. By using what you have just read in the text above, you can treat the market with the respect it deserves by always making the smart, informed decision when the time comes. Apply what you've learned and always be respectful of the market.
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