Changes in Life that Affect Retirement Planning

retirement planning

Retirement planning is a challenging endeavour. With so much uncertainty in life, it pays to give enough thought to retirement plans. Many events take place which we do not expect. Such events can unfold new opportunities and challenges. The right plan and execution can allow one to leverage on the resources one has to improve their future.  Continue reading

Is Trading More Profitable Than Investment?

Both trading and investing can be considered as two different methods of attaining profit in financial markets. Both traders and investors look for profit by taking part in the market. The only obvious difference between the two groups is that investors tend to seek larger returns over an extended period of time, while traders seek smaller, more frequent profits over a much shorter period of time.

Comparing Trading With Investing

Both trading and investing require a degree of emotional discipline as well as patience to execute correctly. However, the time required by a trader and an investor differs in many aspects. In the case of traders, they remain active, potentially executing several trades throughout the day if they find positive trading opportunities.  Investors, on the other hand, work on a long –term basis, as it does not require constantly watching the positions of his/her portfolio.

Comparing the potential returns of trading and investing is like comparing oranges to apples, as there are no definitive ways to answer it. One of the biggest advantages that trading has over normal investing is the phenomenon of rapid compounding of gains. For instance, if a trader starts out with $50000 with a 10% profit every month, the trader starts with $55000 in the next month, followed by $60500 the following month if the profit level remains the same.

Thus, through trading, a trader tends to make gains on prior gains, as well as on any additional deposited capital.   This serves as a striking advantage that trading has over long-term investing.  This is not the case with investing where traders have to wait years for profits to be realised and cannot use the said profit to generate even more gains.

Using IQ Option for Trading

Many potential traders avoid trading, citing a lack of reliable brokers as the prime reason behind their decisions. However, IQ Option, a Cyprus based brokerage service has become a popular option for traders looking to diversify their portfolio. Along with binary options trading, IQ Option offers a mix of forex contract for Differences, Stock CFDs, cryptocurrency CFDs, commodity CFDs as well as digital options, in a single, seamless platform.

As mentioned before, IQ Option offers a mix of forex, cryptocurrency, stock and commodity markets for traders to trade in. It offers Binary Options on some stocks, forex pairs and on some commodities. Because of recent changes in regulatory directives, it offers digital options for EU-based traders who are prohibited from trading Binary Options by law.

As traders require some skill and experience before attaining success, IQ Option offer a fully functional demo account for traders to get the hang of it. This demo account has all the features of a real account, with virtual money for traders to hone their skills. Novice traders can thus use this feature to get a feel of the trading market in real time, with options to restore the original virtual balance at any time.

IQ Option is thus a secure online broker which caters to both small and large participants in the market. The minimum deposits are as small as $ 1 USD with trades starting from $1 as well. Founded in 2008, the platform has more than 25,580,000 as of 2020.

Conclusion

Both trading and investments have their own sets of advantages and it cannot be definitively said which one is better. Ultimately, it depends on the skill level of the trader or investors involved, in order to be successful. With the emergence of online brokerage services such as IQ Option, the online trading industry has provided access to more traders worldwide than ever before, making trading one of the most accessible and profitable aspects of dealing in the financial market.

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How I Save Costs as a Sports Fan

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A study has found that being a fan of a professional sports team can cost you almost $ 86,453 over a lifetime. Fans of sports like football, motor racing or soccer can expect to pay over $1,294 a year for entry and entrance prices, transport and retail expenses. For some, the expense is even greater with more than a fifth reporting that they spend an average of about $267 a year. Continue reading

David Beckham’s Net Worth

david beckham's net worth

Few names in soccer are as popular as that of David Beckham. Despite being retired for so many years, the former Manchester United player has managed to remain relevant in the sporting world, building a brand that transcends the soccer stadium. Around the world, the mention of David Beckham raises ears. Thus, it is no surprise that his net worth of $450 million continues to grow.  Continue reading

Learn How to Make Money in the Forex Market

When it comes to investments and ways to make money, a lot of people love the idea of the currency trading markets. Forex trading can help a lot of traders worldwide in turning a profit if they play their cards right. Strategizing plays a major role in the process of becoming a trader in this market. But you need to learn some things along the way so you can start making money and grow your investments.

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Before Investing At Anything: Here’s What You Need To Know

While you may have a “million-and-one” opportunities to invest in, you don’t want to go it blindly. Before going any further, you need to ditch the idea that investing is for the rich! The idea of making your money work for you has been there for ages, essentially the centuries before Warren Buffett’s great, great, great grandfather was born.

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