Retirement Tips to Light Up the Golden Years

Retirement Tips to Light Up the Golden Years

Last year, a poll conducted by Gallup revealed that a significant number of baby boomers (one in seven individuals) are being treated for depression. The study also showed that a possible reason why boomers feel this way was because of retirement, on how it is viewed and managed. Yet, retirement can be an amazing phase in one’s life if the proper steps and planning have been done. Imagine the numerous possibilities, opportunities, and experiences that can be treasured in this moment of one’s life! Baby boomer or not, having the right mindset can transform bleak emotions into bright expectations when facing…

The Big Short Review

The Big Short Review

The Big Short Overview The Big Short is a movie that every investor and trader should watch. The big short is about the housing bubble in 2008 which costed the American tax payers and estimated trillion dollars. This movie is about the financial crisis that followed the unethical subprime mortgage lending practices of the 2000’s. The big short is about a small group of traders that successfully predicted what was going to happen. Do you need to learn about a short selling? Follow that link and we break it down. The Big Short has many trading lessons that we can all learn. That is…

10 Simple Trading Lessons I Wish That I would Have Known 10 Years Ago

10 Simple Trading Lessons I Wish That I would Have Known 10 Years Ago

  This is a list of trading lessons I have learned from working as an accountant for a company that specializes in trading Forex. I should mention that I have personally tried to master trading and investing for 10 years. The inspiration for this post came from a young 18-year-old asking questions about FOREX thinking it is a get rich quick solution to all his problems. The Problem With This: There is a bad stigma around short-term trading. There have been individuals promoting short-term trading as a way to become a millionaire, quit your day job, and buy your momma…

The Richest Man In Babylon

The Richest Man In Babylon

Are all Finance Books Boring? The Richest Man In Babylon is a book that was published over 100 years ago. The content is about personal finance and investing with an easy to read story line which makes it more entertaining than other sources of learning.  I can recommend this to anyone who is non-finance related. It doesn’t use finance lingo which is boring to most people. It is for readers at any level. It would be a great tool to teach children about finance because the story line which is entertaining. What Is So Special About Babylon? The Richest Man In Babylon was written…

Investing vs Speculating

Investing vs Speculating

This is a common question that I get from people who are new to investing in the capital markets. They commonly wonder what is the difference between investing vs speculating? The best way for me to explain this is the amount of risk that an investor is willing to take on. An investment will be a low risk where speculation is a riskier investment style. I did a search for the definition and I feel like the majority of the things I read are incorrect on this subject. What Speculation Isn’t: Many of these definitions claim there is an arbitrary time frame that makes you an investor…

Simple Interest Doubling Calculation

Simple Interest Doubling Calculation

What is the rule of 72? The rule of 72 is something that I learned about in a formal finance class. The professor only talked about it because most of us aren’t finance majors. What the rule of 72 does is to give you a quick estimate an investment’s doubling time. This is can be used on interest-paying investments such as CD’s, Bonds, or T-Bills. It will give you an estimated time period for the investment doubling time. When You Shouldn’t Use The Rule of 72 There are functions in Microsoft excel and on financial calculators that will give you a more…

Forex Fundamentals

Forex Fundamentals

Many traders only base their trading technique on technical analysis and forget about the fundamentals. Many of the fundamental analysis techniques aren’t difficult to understand since they are related to economics. After reading this article, you will understand the basics of fundamental analysis in the Forex Market. Fundamentals are easy to learn but take more work to keep up on. You will need to keep up on the world’s current events and learn what effects they have on the markets. What fundamental analysis does is give you an idea of what the marketplace as a whole is doing. In real life trading your…

What is Trader Psychology?

What is Trader Psychology?

What is Trader Psychology? Why Should You Care? Your trader psychology is the way that you control your emotions during trading. It is one of the most difficult tasks that every trader needs to master. Unfortunately, most traders will slip up from time to time. That is ok. Simply step away from the market and get your phycology back on track. This subject is ignored by most people in the financial industry; however, This topic is the most crucial topic for a trader or investor to learn.  From the very first trade, I ever traded I felt the rush of…

How to Find a Forex Broker

How to Find a Forex Broker

About Forex If you are a complete beginner it is important to first understand what the Forex Market is and isn’t. Forex is the a money trading market where money trades faster back and forth faster than you will be able to fathom. Every day brand-new traders want to jump into this market when they discover of the advantages: The Currency market provides trader with a high return on investment Forex Moves Fast and can be traded anytime and anywhere Forex is the most liquid market in the world What To Look For in A Broker Let’s think about how…

Trading: What is the Difference Between Active and Passive?

Trading: What is the Difference Between Active and Passive?

This is a subject that most beginners need to understand. The goals of an active trader and a passive investor are two really different things. You should adjust your goals to the style you fit into. I tend to be more of the passive type of investor; however, I know booth of them are extremely profitable. What is your tolerance for risk? This is an important thing to keep in mind when you are trying to decide which style you fit into. Most people avoid active trading because it is risky, but I am not sure I would go as far…