Financial News - Our view on the financial news

Understating the complex nature of market volatility

The expert traders know how to use the market volatility in their favor. They always make sure they are executing trades with managed risk and trading the market with high-risk reward ratio. But sadly the novice traders always do the opposite. They fail to interpret the price movement of the currency pairs and execute low probability trades. In fact, they never asses the risk factors of the market. Due to this fact, they are always losing money in the Forex market. In today’s article, we will give you some useful tips which will help you to trade the market even during the high impact news.

Lower down your leverage

Leverage is often known as double edge sword. The new traders never really understand how it affects their trading career. They are busy placing random trades without knowing the possible consequences. Controlling your emotions will become really hard if you focus your profit factors. A few losing trades will drive you crazy and force you to trade with huge risk. But if you simply trade with a low leverage trading account, you can’t take the huge risk even though you will be dying for it. But after a few days, you will understand how lucky you were by not placing the high-risk trade. [Read more…]

Trading is boring for the expert traders

By Kurt

Most people talk about how exciting their trading experience was in the career. These people will only talk about how the adrenaline was rushed, how the trends have changed and have escaped with the investment. It is not true because not all trading is exciting. While trading successfully in the industry, it has been found boring. There is no excitement but only waiting. We know many people are getting confused because trading is exciting, there is an adventure and every time the trade is placed, it gives a rush in the nerve. This article will tell why trading is not exciting for the traders. Know from the professionals. A successful and perfect trade does not bring any excitement or adventure. As the patterns become familiar to people, tricks are known about making the profit.

A successful trader can predict the outcome correctly

The reason trading is unexciting is the professional and the successful traders can guess the volatility correctly. With the years of experience and the time spent on the practice and the strategy, it is easier to tell by looking at the chart which trend is profitable. Novice traders find it exciting because of the uncertainty. If a person is lost in the jungle and he has no previous experience, even the smallest animal can scare him to death. The person does not know what to expect from the animals and will always be scared. Even a day can feel like a year for him. [Read more…]

There is no one right or wrong in the trading business

By Kurt

Nobody is perfect in this world. The things we look at and use daily are not perfect either. Our minds cannot be satisfied with every aspect of a certain thing. If you are going to be pleased with one side, the other one will bother, you. This kind of problem mainly appears when we look for a phone or a car/bike. One way or another the thing in front of us will never be successful to please us fully. This is also right for a business, especially the trading one. The traders in this business will never be able to be sure of some position sizes. The markets are consistently changing its state. With some good tools and strategies, you may not win too. But, the traders will have to keep on trying. In the following, we are going to talk about the main things in the trading business. The concept of growing a good ideology of the trading business will also be mentioned in the following segments.

Only the trading edges will talk success

The trading edge is a hundred percent right tool for the trading business. Just like the overall strategies for any other businesses, the trading one will be bound to the trading edge of individual traders. This is because all the trick and tips of the trading process and strategies for positions sizing will be in your own trading edge. Each trader has a unique one for their own businesses. Some traders do not get this idea at the beginning of their career. They still make one for themselves with some basic level trading knowledge like using the price trends and the key swings. If you just think about making one for yourself in the first place, just imagine how good your business will be from the start. [Read more…]

How to Use the UK Pension Tracing Service to Find Old Pensions

By Kurt

Over your years at work you could potentially contribute to a few different pensions. You may be part of various company schemes and you might also open up personal pensions along the way. It is, however, easy to lose track of your benefits, to lose contact details if schemes change or to allow providers to lose track of you.

This could see you miss out on possible income boosts when you retire. If you think you need to find an old plan, it may be worth using the Pension Tracing Service. This can help you track down previous schemes and get back in touch with plan administrators. If you’re lucky, you could improve your financial prospects in retirement.

What is the Pension Tracing Service?

This is a free system operated by the UK’s Pension Service which is part of the Department for Work and Pensions. It cannot hook you up with old schemes or tell you if you are entitled to payments but it may be able to give you the up to date contact information you need (if it is available) to get back in touch with previous providers yourself. At the moment its database contains contact details for over 200,000 plans and covers both company and personal options. You can apply on your own behalf or on behalf of someone else. [Read more…]

Inside the Scam Costing Consumers Millions…From a Bad Text Message

By Kurt

Fraud is rampant, and with the holiday season slowly coming into full swing, it’s only a matter of time before the problem gets worse. The latest scam that you should be aware of are thieves using fraud text messages to get sensitive information. The fraudsters have it set up to make savers believe the messages are coming from the bank, as the matter involves suspicious activity on their current account.

So when they call, they think that they’re speaking directly to an authentic employee of the bank. Unfortunately, this isn’t the case at all. They’re talking to the thief that will have their information, and be able to take all of their money.

It’s a crime that’s been dubbed “vishing”, and it works because the thieves use tech that makes each text appear in messages that are already from the bank. So there’s a high level of trust here, and that’s a bad thing.

But it’s not enough to tell you about the scam — we want to keep you from becoming a victim of it. You need to understand that if you have any problem with the bank, they’re not going to send you a text message about it. If you do happen to get some kind of correspondence from your bank, it’s never a bad idea to go in person to tend to your account. If you’re traveling and don’t have a bank branch in the area, you can look up the corporate number of the bank and call them directly. Make sure that you verify that it is actually the bank, rather than a number that sounds like it. The bank will not ask you to give them sensitive information without reason, and you can simply ask them upfront if they’re sending text messages on the issue. [Read more…]

Applying for a loan with bad credit rating

By Kurt

Even though you may well have a bad credit rating this doesn’t mean that it’s impossible to get yourself a loan. There are dissimilarities in lending money when your credit rating isn’t good, the main alteration is that it will cost you more. This is due to the fact you are looked upon as a higher risk to the lenders than someone with a good credit rating. You end up paying more as the APR upon the loan is likely to be higher than it would be if you had a good credit rating.

Despite these rates being higher they are still vastly lower than pay day loan options, also they give you the opportunity if you wish to repay the loan over a few years rather than the high APR rates and short term payment dates that the pay day loan companies offer. There is both the option of a secured and unsecured loan for someone who has a bad credit rating of CCJ’s.

A secured loan is a loan that requires you to be a homeowner and the loan is then secured against your property. This provides the lender with the safety of the value of your property, this is a backup in case you are unsuccessful in maintaining the repayments, they are then in the position to repossess your property.

The unsecured option means that you aren’t required to be a homeowner but that you may need a guarantor to ensure payment is met, they must be able to step in and pay if you fail to keep up with the repayments that are required. It will then become their responsibility as well as yours to repay the loan amount.

In the majority of cases you will need to be in full time employment and be earning a certain amount before the poor credit lenders will consider you for a loan. Make sure you only borrow what you require. The lower the amount and the shorter the term the less you end up paying back. Shop around for the most competitive rates and ensure that you will be in a financial position that allows you to meet the repayments throughout the loan period. Take your time to go through all of the terms and conditions make sure that these suit you. Furthermore ensure that you are aware of what will happen if you are unable to keep up with the loan repayments.

Ceri Harris is an underwriter at Willows Finance LTD a secured loans company based in Wales.

Are exclusive personal loans from banks the real deal?

By Kurt

These days we all have a bit of a trust issue when it comes to banks. As bank managers and investors take millions of pounds in bonuses while the economy falls to its knees, the public perception of banks is less than flattering. And unfortunately, the recent news that banks have been conning current account customers into taking out expensive bad credit loans will not do anything to help the banks’ public image.

It has recently been revealed that when customers take out current accounts with a specific bank, they’re often assured that they have exclusive access to bargain deals on personal loans. As a result, many customers snap up the opportunity to kill two birds with one stone, and get their hands on a “bargain” personal loan at the same time as opening a current account.

However, the majority of these so-called bargain loans actually have much higher interest rates than the other personal loans that are available on the market. And, as the contracts are often full of jargon and small print, many people fail to spot that they’ve been duped until it’s too late.

The main reason for these personal loans being taken out, as stated above, is convenience. For many people, sorting out finances is a stressful and unpleasant experience, so if their bank offers an opportunity to set up a loan quickly and effectively, they’ll make the most of it.

What’s more, many people assume that taking out a loan with their current bank will mean they get some kind of special deal available exclusively to existing customers, and as a result they don’t bother to check the interest and other specifications of the loan.

Recently, personal loans have been the major focus of lots of banks and lenders, and the interest rate for personal loans of between £7,500 and £15,000, or even up to £25,000, is at its lowest point in almost seven years. This means that even a little bit of research and shopping around can leave you quids in as opposed to taking out a personal loan with your current account. [Read more…]

Discover Government Debt Help Options

By Kurt

When you find yourself knee-deep in debt, perhaps the first solution that you would come up with is filing for bankruptcy. Although this is a perfectly viable way out of your financial woes, you need to exhaust all the options that you have first before even considering filing for bankruptcy. This will stay on your credit record for up to ten years and will greatly affect your purchasing power as a consumer.

The good news is that there are other options that you can look at prior to filing for bankruptcy. One of these is applying for the Individual Voluntary Agreement which is a form of government debt help provided for residents of the United Kingdom.

Government Debt Help: What Is An IVA?

No matter which country it is that you live in, its economic status does not just depend on the prosperity of the business owners, but on the wealth of the private industry as well. If you have a bunch of citizens who are average earners and are struggling to pay off their debts, this can negatively impact the economy. Although there is no specific assistance that the government provides for individuals who have debts, the IVA is the closest thing to government debt help as you can get in the UK.

It was introduced in the UK in 1986 as a program which was only supposed to help those who are considering filing for bankruptcy. It was also meant to assist small business owners who incurred a certain amount of debt so that they can look at another alternative before even considering filing for bankruptcy. With the IVA, up to 75% of a borrower’s debt can be written off. The condition is that you need to have at least three creditors and fulfil other stated conditions as well. Depending on how much you owe, your debts can be paid off within a period of five years.

The nearest thing to an IVA in the US is debt settlement, where it is also possible to write off a portion of your debts.

How the IVA can Help You Out

If you are still wondering whether you should take advantage of IVA as a form of government debt help, take a look at the following list of its benefits:

IVAs can greatly reduce the amount of monthly payments that you need to make. Since the IVA is designed to help those who are considering filing for bankruptcy in the first place, you are given the privilege or option of paying back only what you can afford.

Once your IVA government debt help application is approved, you can become debt free within a period of 60 months. The agreement will also stop creditors from harassing you with collections calls, so you can get back on track with your finances. [Read more…]

Payday Loans Online Hold The Key to Stepping Out of a Sticky Situation

By Kurt

A bad situation shouldn’t take over your life. While there are some that say that you should never look for assistant, loans, or other helpful resources, we don’t believe that around here. We believe that sometimes life just slips away from us, and we have to work hard to get things back under control. That’s just the way it is sometimes. Instead of getting mad, why not get things taken care of the right way? Why not make sure that you have all of the resources in the world to get things done?

You’re going to be able to break out of your situation and move on with your life. That’s really the top reason to look into short term loans direct lenders for help. These loans are small enough not to bankrupt you. Even though there’s quite a bit of interest, they’re much faster than a bank loan. You have to calculate in the loan of inaction if you’re going to compare the high interest of payday loans online against the bank loan being delayed. The loan takes a long time, and bankers aren’t known for really being in your corner, now are they? You would actually do a lot better looking at loans that are going to be small enough to let you get everything you need to take care of handled appropriately. Trying to hope that everything will work out without taking action is like going outside without an umbrella during a downpour and magically not getting wet. It just doesn’t happen.

You can apply online quickly, and with full confidence. This is one of the most regulated industries in the world, and that means that you’re not going to get ripped off, or have your financial details stolen from you. Industry standard encryption is everywhere, and there’s no reason to think that your security would be compromised.

Make sure that you check out bad credit payday loans lenders as soon as possible. They’re fast, convenient, and they give you the real power you need to get out of a sticky situation. When it really comes time to take action, can you hit the ground running? With payday loans, you’ll be able to answer that easily enough: yes, you can!

Car Loan vs. Outright Cash – Which Choice is Really Right for You

By Kurt

Buying a new car is an exciting experience, because you have plenty of different choices on the car lot. But before you get too excited by the shiny paint jobs, you need to think about how you’re going to pay for the car itself. Do you want to finance the car, or do you want to pay for all of it in cash.

There are some reasons to pursue each one, and it’s really important that you start looking at your choices very carefully. One of the first things that you will want to do is make sure that you check your credit report. You can’t decide which way to go if you don’t know what tools you have on your side of things. You want to look, for example, at how high your credit score really is. Lenders will finance at all sorts of different ranges, but you will get the best interest rate by having a good credit score.

From here, you also want to look at how much money you could bring to the table in a deal. Some people feel that if they’re going to finance the car, they shouldn’t have to pay anything up front. But this is a great way to negotiate down to a better rate. When the financing company sees that you’re bringing money into the deal yourself, they’re a lot more likely to make room for you at the table. On the other hand, if you don’t come with much of a down payment, they might see this as a sign that you could default in the future.

Having the upfront money to go to the car dealership and pay for the vehicle in cash is good. But if you could get a 0% car interest loan with good credit, then that’s even better. It’s going to be an introductory rate and then switch over to a modest interest rate later in the loan, but you could still save thousands of pounds with an offer like this.

If you’re in a bad place and you absolutely need a vehicle, then financing can be your only option. If you can, bring a trade in vehicle with you, along with a decent down payment. It can make the difference when you’re really trying to get back on your feet. The financing company reports your payments to the credit bureaus, so this is also a way to improve your credit. But take caution, because late payments get reported as well. And if you fall behind to the point where you have to get the car repossessed, this will be a big negative mark on your credit report that’s hard to take off in the long run.

Keep in mind that if you finance a vehicle, you will be required to carry full car insurance at all times. With a car that you buy outright, it’s up to you to figure out what insurance product is best. If you only wish to get liability coverage, that’s your decision. But with a car that’s being financed, you basically have to protect the lender’s investment, as well as covering the other driver in the event of an accident that you’re at fault for. Make sure you also set aside enough cash to handle your license plate fees and taxes.

It’s way better to make sure that you prepare yourself before you just walk onto the car lot. This is why the choice between a car loan and a cash deal is so difficult. Believe us; they will come out with some hot offers to get your attention. The dealership will make a lot more money upfront from your purchase than they will on the cash deal. But at the end of the day, you have to do what’s going to be in your best interest first and go from there.