Financial Helper

Your Personal Financial Guide

How to master the options market like a pro

By

It is crystal clear that stocks are simpler to trade. This is the main reason for a higher rate of attraction to the stock market. Also, there are higher chances to make larger profits through stocks. Thus, all the other instruments are easily neglected by the trader. Most traders consider trading other markets as a huge burden. They don’t prefer trading other markets because they assume it as a complicated market. But it is not as complicated as the naïve traders assume. If you look at the traders in the United Kingdom, they prefer trading options although most of the trader run away from it. Even in the past, options weren’t considered by the traders due to the risks involved. If you consider options, they are great. They offer a wider range of benefits to the traders and it is worth considering as well. Anyone who wants to make a decent amount of money should consider this. This is one of the good opportunities for the naive traders. They will be able to make good money by trading this and it can be studied easily. You will have a lot to learn yet it is worth it. However, you should understand that options are great in many ways, so better learn them.

Options trading is one of the most difficult tasks in the world. Being a new trader in the retail trading community you have to understand the risk factors of the market. The pro traders were just like the beginners. But due to their advance risk management technique, they have been able to deal with the risk factors of the market. Always make sure you have access to the best trading platform in the world. The experienced options traders always prefer SaxoTraderGo as their primary trading platform since it helps them to understand the complex nature of the market in a very organized way. At times you will have tough times with your trading result but never become frustrated. Always stay calm and try to protect your investment at any cost. Even though this market is all about probability but if you learn to manage your trade, you can make a consistent profit.Continue Reading

Buying a holiday home

By

When you are looking into buying a holiday home, what are the most important factors you will be considering? Is it the price and location? Some holiday home owners base their decision to purchase on where they will get the most amount of sun for their money.

Even with the summer season slowly approaching, unfortunately the UK the weather can be unpredictable and there is no guarantee of sunny spells. However, over in Spain you can enjoy almost 3000 hours of sunshine per year and warmer weather.  So you can understand why holiday home buyers have swapped viewing property in the UK for beautiful houses and apartments in Spain.Continue Reading

Amazing tips for novice Forex traders

By

Everyone wants to become a successful trader in the financial industry. Due to the extreme level of profit potential every single day, the number of retail traders in the online trading industry is increasing at an exponential rate. And many novice traders in the United Kingdom have mastered the art of trading within a very short period of time. However, the majority of the traders are losing money in this industry due to their lack of trading knowledge. This article is dedicated to the new retail currency traders. It’s true that there are many different ways of trading the live assets but if you follow the footstep of the successful traders in the UK then it will be extremely easy for you to make money. But dealing with all the trading parameters from the very beginning will be extremely hard for you.

Never over trade the market

Most retail traders lose money due to overtrading and they never think about the risk factors. They are so much biased with the profit factors that they think the more they will trade the more money they will make. But in real life trading, you are actually risking your investment by over trading the market. You need to do the technical analysis in the higher time frame and only execute the quality trades. But in order to do that, you must learn to control your emotion. If you face a losing trades then don’t try to recover your loss immediately. You need to show extreme level patience and wait on the sideline for the best trade setup. Always do the market analysis in the higher time frame since it will dramatically reduce the frequency of your trade execution. If possible learn about multiple time frame analysis since it’s one of the easiest way to avoid the losing trades.Continue Reading

What should be your mindset when trading

By

The Forex market is a beautiful market if you see it that way. If you see the Forex market as a market full of risks then it will look like that. So, the picture will be different from one person’s view to another person’s view. The traders in the United Kingdom have seen the Forex market as a beautiful market so they have created a path for them. Most of the naïve traders look at the Forex market as a market full of risks. So, even before they enter the market they are afraid of it. Basically, all their regarding the Forex market is negative and demotivating so it makes them lose simply. If you have positive and motivating thoughts even the hardest market can be handled smoothly. Not only positive thoughts but also hopes should be huge when you start trading. As for the famous saying ‘dream big and achieve high,’ you should dream big about trading if you want to succeed in the market. Most of the naive traders are down with euphoria so they struggle trade the market but the professional traders are not such they are with the balanced mindset. However, let us read the article.

Learn to trade with rational logic

Trading is something which you can never really learn from other people. You need to work hard to understand and learn all the techniques of trade execution. Some traders often place their trade based on their emotions and guts feelings. At times these type of traders often makes a big amount of money. But do you really think they are referred as the successful traders in forex industry? To be honest they are the one who loses a big amount of money due to their false confidence. So learn to trade with your rational logic and trade with managed risk.Continue Reading

What Are The Best Ways to Monetize Websites?

By

Making money online is as simple as monetizing your website. However, with so many models out there, knowing the best way to turn your online space into a money-maker is not simple. So, here’s a quick guide to website monetization — from the biggest mistakes to the very best ways to monetize websites.

4. Using a Donation Model

Donation models come in different forms and there’s no surefire way of saying that one type of donation model is best. What is certain is while donation models might sound like pie-in-the-sky thinking, they’ve worked for some of the biggest websites in the world.

The biggest success story to come from the donation model is Wikipedia. The fifth biggest website in the world runs on donations alone and makes more money with each campaign drive. Its donation model consists of annual fundraisers. Users donate to Wikipedia straight through Wikipedia.Continue Reading

Making sense of health insurance quotes

By

The motto underlying practically any kind of general insurance is that prevention is better than cure. The more you do to lower the risk of making a claim, the less the insurer needs to charge and the lower the price of the premiums you may typically pay.

This is just as true with private medical insurance (also known as PMI) and might go a long way to making sense of health insurance quotes.

Pre-existing medical conditions

Although any health insurance quote you receive takes into account your age, where you live and the level of services for which you want cover, one of the principal determinants is the extent to which you have any pre-existing medical conditions in your history.

The insurer’s reasoning is clear – if you suffer or have suffered from particular medical conditions in the past, there is a greater risk of a recurrence or the development of complications sometime in the future. The relationship between risks and premiums is explored in considerable detail in a paper contributed to Health Knowledge in 2017.

The insurer’s response is either to increase the cost of the premiums you need to pay or to exclude future treatment of pre-existing conditions, depending on the type of health insurance you arrange:Continue Reading

The Perils of Target Date Funds

By

Investing for the long terms means saving up for retirement. If you’re not sure where to go, you’ve probably heard people talk about target date funds. Although they work a little differently in the UK with the pension system, the basics are pretty identical to the American system. The concept seems so simple on the surface: all you have to do is just select a competing fund, put your money there and just leave it alone. They are also called life cycle funds or age based funds.

target date funds uk

Unfortunately, these funds aren’t as simple as they’re being billed out to be. They’re calculating when you go to retire, and then adjusting your risk allocation based on that. All this means is that they’re more likely to invest in riskier things when you’re younger and become more conservative as you get closer to retirement, when you don’t have time to make up for losses in the market.

Each fund will have different expense ratios to present, as well as different construction. Some funds will go more for index funds, while other funds like to go more for equity markets. The right fund depends a lot on your risk tolerance.

The problem with target date fund is that it encourages the investor (you) to not pay attention to your money. Anything that keeps you from paying attention to your money is something that would be best avoided as much as possible, because it’s only going to open the door to bigger problems. For example, let’s say that you choose a target date fund that is going to get conservative as you get older, but you fail to meet the target amount you’d need for retirement. You’re going to have to go riskier in order to make up the difference. If you’re watching your investments, then you would know how to do this. But on the other hand, if you are just letting the platform take care of it, you could find yourself missing out on a healthy return.

The truth is that we need active management in order to have control over our money. With the new pension freedom scheme in place, we’re now able to take our investing routine to the next level!