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Why do so many new Forex traders fail? Here’s how you can succeed!

In the internet age, all you need in order to start trading forex is a smartphone and your bank card. Download an app, set up your account and you are good to go. But take a look in the popular press, and you will see that the question is not whether you can trade on the money markets but whether you should. According so some reports, as many as 96 percent of new traders take on the money markets and fail dismally.

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Seven Reasons to Consider Investing in Gold and Other Precious Metals

There are dozens of ways to invest your money. One of which is to buy precious metals such as gold, silver, and platinum. Read on if you want to learn why this form of investment could be right for you. Gold is easy to buy Anyone can go out and buy gold. It is really easy to do. Potentially, you can go online and buy a few Morgan Silver Dollars from Golden Eagle Coins right now. Within a few days, they will be delivered. It is a fast way to start saving It is far quicker than opening a savings account. There is no need to fill out complicated forms, wait for approval and for your bank card or book to arrive. Practically anyone can invest in gold The other good thing about gold is that anyone can buy it. Provided you have the cash and are buying a relatively small amount, you can invest in precious metals. With other saving products there is always a risk that you can be turned down. For example, some banks or building societies will only allow people who have a good credit rating or a permanent address to open an account. Over the ...

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The Difference between Savings and Investments

A number of times you hear financial advisors, planners and mutual funds selling words like ‘investments’ and ‘savings’ door to door. However, did you know that investment and savings are two different concepts? Each month, many of you earn an income. This can either be in form of your income from business or your salary. Then, you also come across several expenditures such as telephone bills, clothing, food, rent, internet, electricity etc. Once you are done with making payments for all the expenses from your income, what if left with you is usually called savings. Apparently, the more you save, the better your future is. In addition, you should always intend to curtail your expenditure, but there are several expenditures that just cannot be avoided by you, such as paying off the instalment of loan or the rent.  If you intend of creating a wealth, then of course, saving only is not sufficient. You have to step ahead of savings and do something more with them. That is where the investments step in. The investments are financial tools that assist you increase your money over a course of time. You are required invest in order to fight the inflation every ...

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Paving Your Road to Retirement – 5 Easy Effective Tips to Retire Comfortably

Planning for retirement isn’t a task reserved for tomorrow. It’s a subject that should occupy your mind today. No matter what stage you are at in your career, it’s never too soon to begin preparing and saving for that age when you trade in the workplace for time spent checking items off your bucket list. Preparing for the future concerns every generation from Baby Boomers to Millennials. They all have similar goals in mind before retirement appears on the horizon. Still, it’s a personal finance journey. Strategies for building retirement savings can vary based on what stage you’re at in your life and career. The problem is that retirement planning can get lost in the shuffle. Other daily responsibilities can crowd it out. Life can throw a financial curve ball with accidents or illnesses. Major purchases like a new home or car can draw away money earmarked for retirement. Planning for that part of life doesn’t need to be a source of stress. You can take a few simple steps to pave a better road to retirement. Build savings in small steps It isn’t practical, or even possible in most cases, to try to accumulate all the funds you need for ...

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These Initial Home Investments Will Save You Money in the Future

Today we have a guest post for you from fellow blogger, Anum Yoon. Enjoy! There is a nationwide call to “go green,” and soaring energy costs are strongly encouraging us to do so. We already have ongoing bills to pay, but it might be wise to look around your home to see what changes you can make to help you go green. Sometimes you have to spend money to save money. Here are a few home improvements which require an initial investment, but which will pay off immediately or over time. Install a Smart Thermostat A typical thermostat lets you control your furnace or air conditioner with a dial or digital display. Some offer the ability to program them to increase or decrease the temperature at certain times of the day. Smart thermostats use technology to control the temperature of your home remotely, via computer, tablet or smart phone. You can program it to meet the needs of your typical schedule or access it for unexpected changes, such as coming home earlier or later than expected. Smart thermostats won’t necessarily save you money, especially if you tend to like your home hotter or cooler than others. However, it does give ...

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