Holding on to Our Money

Why is it so hard to manage money and hold on to it? How can we save more and spend less? It has become an issue to make and save money. The world is geared in such a way that it’s difficult to hold on to our money… Everyone is after money – our money, … Continue reading “Holding on to Our Money”

Why is it so hard to manage money and hold on to it? How can we save more and spend less? It has become an issue to make and save money.

The world is geared in such a way that it’s difficult to hold on to our money…

Everyone is after money – our money, their money, everybody’s money – because of greed and because they never have enough. They spend years in higher education, in colleges and universities, to master the art of finding ways to get our money with such ease. They have become experts in their field and their field is to find more ways for our money to escape from our wallets faster and faster.

The funny thing is, there is a collaboration between the financial institutions and the commercial world to create more wants than needs. People, in general, are innocent and ordinary. The majority work hard to try to have a life without paying too much attention to the details… and that is when it happens…

I remember when banks were not so greedy. They made it easy and a pleasure to bank with them. Now it’s all about them making more and more billions in profits every year. They charge for every little detail, and we are not done yet, because they have their geniuses looking for ways to get every hard-earned dollar from our bank accounts into theirs-the latest being that, with every transaction at the teller, if you want a receipt, there is a charge of one dollar.

The government raises taxes, and if you don’t have a good accountant, you are doomed. There is a well-organized plan to find ways for our money to fly into someone else’s nest. Therefore, people will never get out of debt unless they get smart, spend less, and save more. As the saying goes, “A penny saved is a penny earned.”

How about our young ones? Do you think there is more we can do to educate them about money matters, to help them manage their resources, money, time, and so on? I don’t think we do enough to prepare our young people for life and its money challenges!

We teach them history, the arts, geography, economics, and so on. Please, don’t get me wrong, these subjects are important, but I feel it’s more important to teach them practical and smart ways to deal with their personal finances, starting from when they’re young and into their teen years.

It would make such a huge difference in their lives. It would determine how successful they are going to be… or not.

But here is the question: Who is responsible for this task-the school system or the parents? Why do we as parents depend on others, such as schools, to ready our children for life? Isn’t it our duty to make this happen?

Here is my opinion: Parents care more for their children than anyone else does; therefore, they are responsible for teaching their children about personal finances if the school doesn’t do it. Remember, economics is not the same as personal finance. We have to teach young people to spend less than what they make, a lesson that can prove to be as valuable as gold if it’s put into action! It’s a very simple lesson but a very important one.

I wish I knew more about money management. I wish someone had told me early in life about money and how very important it is to save more and spend less… to pay myself first and then spend the rest with no guilt. Life will never be without its bills and expenses. It is what it is, and nothing is free… well, I’m trying to think what things are free-not too many! The air we breathe is still free, but I don’t know for how much longer!

Money matters. Let us be wise about it so we can have it in times of need!

Finding the Best Advice For Binary Options Trading

If you are like most binary options traders, you look for advice that will help you make as much of a profit as possible, but the source of that advice may or may not be beneficial to you. This is because in many cases, the advice you’re being given is benefiting somebody else even more. The biggest mistake made by most traders is believing that all of the advice given by the broker they are working with is meant to benefit the trader.

How Brokers Make Their Money

At the end of the day, the broker you are working with has to make money. That’s why they exist. The problem is that brokers make most of their money when traders lose. This can lead to a lot of advice that may appear sound, but also might not get you the promised results.

You see, the money that you put into trades doesn’t actually become part of the larger money market, ie it is not ‘pumped’ into the markets. Instead, it is managed by the broker. Winnings come not from the market, but from the losses of other traders. The market only serves as a type of measuring tool.

Of course brokers need you to win often enough to keep going, so not all their advice is bad or designed to cause you to lose money. If all anyone in the binary options trading market did was lose, it wouldn’t still be around, would it? The truth is that you can make money with binary options trading, but you have to be careful about where you are getting your advice.

Binary Options Experts

There are people out there who have been trading binary options successfully for years who not only continue to turn a profit on the market, but who have also begun to teach others on how to do the same.

By finding binary options experts who know the market and have themselves made a profit, you can confidently accept advice from them while knowing that they will not directly benefit from your gains or losses.

When looking for binary options experts, take time to research their history and check into any credentials they may have. But be ware, because of the popularity of the binary options trading market, there are people out there who are claiming to be experts even though they really aren’t. Following their advise could cause you to get into financial trouble.

Another important note is that even experts who have been trading binary options successfully for years are human and can still make mistakes. Plus, they may have a good understanding of the market, but the market is always changing which means there’s no way for anybody to predict with 100% accuracy which direction the market will turn.

Develop Your Own Strategy

By staying informed on current market trends and learning everything you can from binary options experts and third-party websites, you can begin to develop your own strategy for trading binary options. Although at the beginning it may be more beneficial to you to closely follow the direction of various industry experts, as you learn and grow in your abilities, it’s important that you become more confident in your trading skills and begin to trust your instincts more.

When developing your own strategy, remember that you want to develop a strategy that is simple, easy-to-understand, and adaptable to any situation. While many broker websites may lay out complex strategies for you to follow, the best strategies are simple and easy to use. Overly complicating strategies can actually lead to bad decisions since trading binary options is fairly straightforward.

It is also important to be sure that your strategy is flexible, so that you can change it as the market changes and make adjustments as needed to perfect it for you. Remember that the market can be volatile, so even the best strategy is going to lose now and then. What is more important is that you find one that allows you to win consistently.

Conclusion

When learning binary options and trying to figure out the best way for you to make money, make sure that you don’t spread yourself too thin. When it comes to binary options, there are a number of different trades that you can make depending on expiry times and what you are trading whether it’s commodities, currency pairs, assets, or stocks. Find something that works for you and stick with it. Different expiry times and options require different strategies, so it’s best to pick just a few things and work with those.

One of the reasons to stick with a lower number of trading options is that you can more easily do research on that option and watch it more closely. Effective binary options traders usually focus only on one or two assets and they get to know them really well.

In addition, by focusing on a single asset it is much easier to follow news stories and information relevant to the asset, Eventually you’ll learn to use current events and changes in the global economy to predict where your particular asset is headed.

Choosing a solid source for your binary options trading advice is the first and, arguably, the most important step in being successful when it comes to binary options trading.