Because Ideas Change Lives
*Article contributed by Sarah Morris.
As a twenty-something, nothing beats the feeling of finally getting to earn money that you can call your own through your first job. Your newfound independence could send you into a frenzy that compels you to make bad decisions. However, if you don’t practice money management, you might end up broke and full of insurmountable debt by the time you reach 30.
When you’re in your 20s, you should avoid these four common financial mistakes:
[Read more…]*Article contributed by Sarah Morris.
Delving into foreign exchange – more commonly known as forex trading – is exciting. Many people have claimed to earn a substantial amount of income via forex trading nowadays. There is a learning curve, however, to becoming an expert in trading currencies. Helping beginning traders like you negotiate through the learning process is precisely what forex demos are for.
A forex demo account is a practice account. Similar to how beginning pilots get better at flying by going through flight simulation programs, trading with a forex demo account is a good way for you to experience real trading without losing real money.
Sounds perfect, right? Experienced traders give a caveat. Forex demos can sometimes mislead newbie investors into thinking prematurely that they are already good at trading. How do you avoid this? By knowing exactly what to expect out of forex demos, you can educate yourself on forex trading before you actually begin trading with your hard-earned cash. It will also help you manage your expectations of yourself as a live trader who’s transitioning from being a forex demo trader.
Here are some important things you need to know about forex demos:
In a previous article about how to start an online investment account, I mentioned that lots of people in the Philippines have become more interested in saving and investing. Unfortunately, the world of investing has many complicated words and terms that people don’t normally use and they tend to scare off a lot of newbies. A lot of people likely give up once they come across sentences and phrases that they don’t understand, and because of that they lose an excellent opportunity to learn how to improve their financial life.
That is the reason why I created this short guide. Here are a few stock and forex trading terms that newbies should learn!
*By the way, “forex” means foreign exchange and it refers to trading currencies.
Sa nakaraang article tungkol sa kung paano gumawa ng online investment account, sinabi ko na dumarami ang mga Pilipino na nagiging mas interesado sa pag-iipon ng pera at investing. Sa kasamaang palad, ang mundo ng investing ay naglalaman ng napakaraming komplikadong salita at kasabihan na hindi palaging ginagamit ng ordinaryong tao at may mga baguhang natatakot dahil komplikado ang ibang salita dito. Marami malamang ang sumusuko sa pag-aaral ng investing kapag nabasa nila ang ilang mga pangungusap o salitang hindi nila maintindihan, at dahil doon nawawala ang oportunidad nilang umasenso at yumaman gamit ang investing.
Iyon ang dahilan kung bakit ginawa ko itong maikling guide na ito. Narito ang ilang stock at forex trading terms na dapat matutunan ng mga baguhan.
*Oo nga pala, ang salitang “forex” ay tumutukoy sa foreign exchange at pagpapalit ng currencies o pera ng iba’t-ibang bansa.
Sa nakaraang ilang taon, maraming Pinoy ang nagiging mas-interesado sa pag-iipon at pag-invest ng pera at napansin ko din na paparami ang mga Filipino personal finance at investing books sa mga bookstores tulad ng National Bookstore. Noong nakaraang linggo, dumalaw ang tiyuhin kong OFW na nakatira sa America at sinabi niya sa akin na magsisimula siya ng investment account sa isang popular na Philippine online stock broker. Marami siyang tanong, at ikinagalak kong sagutin siya at ituro ang mga basics.
Basahin mo lang ang ibang articles dito:
Noong kinakausap ko ang aking tiyuhin, naalala ko na kahit siya ay komportable sa online registration, marami namang mas nakatatandang Pinoy ang hindi masyadong “tech-savvy” at pwedeng maloko ng mga online scams. Narito ang ilang tips o payo ko para sa iyo kung iniisip mong magrehistro sa isang online investment o brokerage account.
