Is it worthwhile to use Robinhood for your stock and crypto investments instead of one of the many other investing apps out there? Given that Robinhood has over 23,000,000 users, it must be doing something right.

At HowTheMarketWorks, we provide our members with unbiased reviews of investing apps and tools. We do that by using the tools in question to make sure you’re getting the full picture before you try them for yourself.

Robinhood isn’t a stock recommendation service. It also isn’t a research tool although it does provide some useful educational resources to users.

What Robinhood is, is an excellent brokerage app for beginning investors to start buying stocks (and cryptos). Unlike other brokerage apps, you can open an account and deposit as little as $10 to get started. In this article, we’ll explain what it is, how it works, and give you our honest take on whether using Robinhood to invest is worth your while. 

And most importantly…

…We’ll also tell you about the Robinhood free stock promotion and how to get up to $1,700 in free stock when you open a Robinhood account!

What Is Robinhood?

Robinhood is a mobile and online trading platform. Their mission is to “democratize finance for all.”

The company was founded by Baiju and Vlad, who met while they were undergraduates at Stanford. They moved to New York City and founded two finance companies, but before long, they realized something important:

Wall Street firms were trading stocks for almost nothing, while most Americans were paying commission for everything.

Their realization led them to move back to California to build the product that would become Robinhood: a financial tool that would give everyone affordable access to financial markets.

Robinhood is a commission-free platform, which means that users can make trades for free. There’s a premium service called Gold, and we’ll get into the details of what that provides later in this article.

How do I access my free stock?

Robinhood will award you a free stock (value of $5-$200) when you sign up for an account and deposit at least $10 into your account. Then, for every friend you refer, you get another FREE SHARE of a random stock worth between $5 and $200. You can earn up to $1,500 a year in free stock. CLICK HERE TO GET YOUR FIRST SHARE OF FREE STOCK!

How Robinhood Works

Robinhood is a free app that you can use to buy and sell stocks and other investments and build your portfolio. It’s simple to use even if you know nothing about investing and we’ll walk you through the steps.

#1: Set Up Your Account

The first step is to set up your account. You can do that by entering your first and last name and a valid email address. 

You’ll need to choose a secure password with at least 10 characters, and we suggest using a random string of upper and lower case letters, numbers, and special characters for maximum protection. After all, you don’t want anybody stealing your free stock!

#2: Link Your Bank Account

The next step is to link your bank account to your Robinhood account. You’ll need to do this to buy and sell stocks and to claim your Robinhood free stock.

To add your account, you’ll need both your account number and your bank’s routing number, which you should be able to find on their website.

#3: Find Investments to Buy

Watchlist

Robinhood will provide you with a default stock watchlist when you create your account. You can create your own lists by adding stock symbols.

There aren’t a lot of research options on Robinhood, but you can view stock prices and market caps. Clicking on any one stock will give you a chart of historical prices.

Robinhood Chart

You may want to use Robinhood in conjunction with a separate stock research service or do your own research using Google. You’ll want to do at least a little bit of investigating before you commit to buying a stock.

#4: Buy Investments

When you look at the chart for an individual investment, whether it’s a stock, a cryptocurrency, or something else, you’ll see a box at the right-hand side of the screen where you can place your order.

Robinhood Buy

You can choose from a Buy Order, a Limit Order, a Stop Loss Order, a Stop Limit Order, a Trailing Stop Order, or a Recurring Investment.

At the bottom, you’ll see your total estimated cost and click the green button to review your order and finalize your purchase.

#5: Manage Your Portfolio

Every time you purchase an investment, you should add it to a watchlist that you create for your portfolio. You can have as many watchlists as you want.

When you click on Investing at the top of the page, you’ll be able to see cards that summarize your investments. These include:

  • Your pending deposits and deposit history
  • Your dividend earnings and payments
  • Completed and pending orders and transfers
Cash

These cards are updated automatically and you can see them whenever you log in.

#6: Claim Rewards

After you link your bank account and buy your first investment, you’ll receive your Robinhood free stock. You’ll get a notification when your reward is ready or you can click the Rewards tab at the top of your Robinhood screen to claim your reward.

You’ll have the option to earn additional rewards as you do more with Robinhood. There’s even an option to get rewards if you refer your friends to Robinhood.

Free Stock Rewards

Keep in mind that Robinhood allows for the purchase of fractional shares, so you’re not limited to stocks under a certain amount when you claim your rewards.

How do I access my free stock?

Robinhood will award you free stock when you sign up for an account and refer your friends. For every friend you refer, you get a FREE SHARE of a random stock worth between $5 and $200. You can earn up to $1,500 a year in free stock. CLICK HERE TO GET YOUR FIRST SHARE OF FREE STOCK!

Robinhood Mobile App

As we mentioned already, Robinhood may be used on the web or with their free mobile app. The function of the website and mobile app are the same, with most of the differences related to how information is displayed.

Here’s a look at how the app displays the list of stocks that achieved a 52-week high.

Robinhood App

This is a watchlist for the performance of crypto commodity ETFs.

Robinhood Crypto

You can also open Roth or Traditional IRAs through Robinhood and, if you have Robinhood Gold, you may be able to qualify for matching funds from Robinhood.

Robinhood IRA

What we like most about the Robinhood app is that you can buy and sell stocks from wherever you are.

Is Robinhood Gold Worth the Money?

Robinhood Gold is Robinhood’s premium account option. Let’s run through what you’ll get and then we’ll give you our take on whether you should spend your money on it.

Robinhood Gold comes with a free 30-day trial. That means you can try it out without paying anything, and explore these features.

  • Earn 5.25% APY on your cash deposits
  • Get FDIC protection to insure your deposits with Robinhood’s partner banks
  • Earn up to 3% IRA matching funds. (You’ll need to stay with Gold for a year and hold your IRA assets for five years or more to qualify.)
  • Get between $5,000 and $50,000 of your brokerage deposits instantly
  • Access to professional research from financial analysts at Morningstar
  • Access to real-time market data
  • See bids and asks on securities with Level 2 market data from NASDAQ

Robinhood Gold costs just $5 per month and you can cancel at any time.

Our take is that if you want access to additional features and don’t want to pay separately for stock research, Robinhood Gold is worth $5 per month.

How to Claim Your Free Stock with Robinhood

One of the best things about choosing Robinhood as your stock trading platform is the rewards you can earn. 

How Does Robinhood’s Free Stock Promotion Work?

There are two ways to earn free stock after you sign up for your free Robinhood account.

Your first stock will be awarded after you sign up, get approved, and link your bank account. You’ll need to choose your stock or you can have Robinhood pick for you.

You’ll also get additional rewards of free stock worth between $5 and $200 if you refer your friends to Robinhood. Robinhood says that 99% of rewards are worth $5 but some customers get stock worth $100 to $200.

Keep in mind that Robinhood allows for the purchase of fractional shares, so you’re not limited to stocks under a certain amount when you claim your rewards.

How to Claim Your First Free Stock

After you open your Robinhood account and link to your bank account, you’ll be able to claim your free stock. You’ll be given a choice of 20 companies and you’ll have 7 days to choose your stock. If you don’t choose within that window, Robinhood will assign a stock for you.

You’ll get a notification when your reward is ready or you can click the Rewards tab at the top of your Robinhood screen to claim your reward.

According to Robinhood, “The selection of stock is random and is not individually tailored to the customer’s circumstances.” If you want a choice, you’ll need to act within the first week of your approval.

If you want to sell your free stock, you’ll need to wait three trading days after the reward is granted and after that, you’ll wait 30 days to withdraw the cash value after you’ve claimed the reward.

How to Maximize Your Free Stock from Robinhood

The amount of each Robinhood stock reward is randomly assigned. Most people will earn a reward of $5, which they can use to purchase stock, including fractional shares.

The trick to maximizing your free stock rewards from Robinhood is to give yourself as many chances as possible to earn rewards.

After you receive your first share of stock for free, you’ll be given a unique referral link. You can share the link via email, text, or on social media.

For every friend who clicks your referral link and signs up for a Robinhood account, you’ll receive another reward. The range of values is the same as it is for your first free stock, so for each referral, you can earn between $5 and $200 of free stock.

The maximum amount of rewards you can earn in a year is $1,500. You’ll have the best chance of reaching that maximum if you share your link with as many friends and family members as possible.

Pros and Cons of Robinhood

As a trading platform, Robinhood has its upsides and downsides.

Pros:

  • Buying and trading stocks and cryptocurrency is easy, even for beginners
  • Robinhood is free and there are no fees for trades
  • You can trade 24 hours a day
  • You can choose from the mobile app or a web-based version
  • If you open an IRA with Robinhood, you may qualify for matching contributions
  • You’ll get a free stock when you link your bank account and can earn additional rewards going forward
  • Robinhood sells fractional shares, making it easy to invest in companies you like even if you can’t afford a full share
  • You can earn up to 5.85% APY on your deposits with Robinhood

Cons:

  • Investment options are limited in some cases; e.g. not every cryptocurrency is available on Robinhood
  • Stock research features are not available with the free version, although you can get them with the Gold version
  • The free version doesn’t come with up-to-the-minute market results
  • The watchlist features are limited when compared to some other trading platforms
  • You can’t buy mutual funds or individual bonds with Robinhood
  • Customer support is limited

If you’re looking for a good trading platform and aren’t in need of in-depth research features, then Robinhood could be the right choice for you.

How do I access my free stock?

Robinhood Free Stock Promotion ad
Robinhood will award you free stock (up to $200 in value) when you sign up for an account and refer your friends. Then, for every friend you refer, you get a FREE SHARE of a random stock worth between $5 and $200. You can earn up to an additional $1,500 a year in free stock. CLICK HERE TO GET YOUR FIRST SHARE OF FREE STOCK!

Our Take

Robinhood was one of the first digital trading apps and it offers a solid option for beginner traders and people who prefer a simple and straightforward interface

Robinhood isn’t ideal for people who want access to a full array of investment options. Its research features are lacking and its screeners are limited, so it’s probably not the best choice if you’re someone who wants to get in depth with stock research.

We love that there are rewards to earn. The option to buy fractional shares is also nice and something that’s not standard among trading apps.

If you’re looking for a bit more information, Robinhood Gold is an affordable option when compared to other premium stock research and trading platforms.

We have a big update to our assignments system for schools!

Our HTMW stock game has always paired well with investing courses – we even partnered in the past with Investing101, one of the best investing courses by CNBC, to give free access to schools in years past.

But for Fall 2023, we are excited to announce that teachers can assign all 10 chapters of Investing101 to their students, directly in HTMW!

How It Works

When teachers create a class contest on HTMW, they have the option to include an Assignment – articles, videos, and tutorials to help students build their first porfolio.

Now when creating an Assignment, teachers can also assign any chapter of the Investing101 course too! Students stay on HTMW – no separate login is required. Student progress is logged as “complete” when they work through the entire chapter.

What is included with Investing101?

Investing101 is a 10-chapter investing course. Each chapter has (on average) 10 mini-lessons on a particular topic of investing to help get students familiar with investing in the real world. The chapters include:

  1. Introduction to Investing – introduces students to the concept of investing, and introduces different security types (like stocks, bonds, mutual funds, and gold)
  2. How The Stock Market Works – discusses different stock exchanges and how buyers and sellers make exchanges
  3. Making Your First Trade – introduces the basic tools needed to choose your first stock, including different approaches by famous investors (like Warren Buffet).
  4. Building Your $100,000 Portfolio – once a student has their first stock, this chapter discusses how to continue to build a diversified portfolio
  5. Now That I Own It, What Do I Do? – this chapter discusses goal setting, and how to know when it is time to sell
  6. Fundamental Analysis – An introduction to financial statements (income statement, balance sheet, and cash flow statements), and what to do with the data once you can find it
  7. Technical Analysis – Looking at chart patterns, and understanding what it means for predicting price movements
  8. Current Hot Topics in Trading – Covers recent investing trends, like “short squeeze”, crypto trading, and more
  9. Introduction to Options – What are options, and some basic option strategies
  10. Investor’s Guide to Success – A final review, including proven sage investing advice

Getting More Out Of Investing101

All of the course content of Investing101 is now available free on HTMW, but you can get more out of it with our premium, ad-free site at PersonalFinanceLab.com. PersonalFinanceLab includes the course itself, plus end-of-chapter graded vocabulary quizzes and chapter summary exams, in addition to hundreds of other standards-aligned lessons on Personal Finance and Economics topics. You can learn more at PersonalFinanceLab.com.

Cryptocurrency trading has been part of HTMW for several years, but we’ve made some important updates for Fall 2023!

Cryptocurrency Trading Pit

Until now, cryptocurrency trading has been combined with our Stocks and ETFs trading page. This was less than ideal, since there are different data points that are relevant for quotes and research for cryptocurrencies vs other types of investments.

With this enhancement, cryptocurrency has its own dedicated trading page, which we will continue to refine for a more realistic crypto trading experience.

HTMW Cryptocurrency trading pit

New Crypto Rules

Now that crypto has its own trading pit, we now also allow teachers to set separate trading rules for crypto. This includes crypto-specific commissions, position limits (how much students can invest in any one single crypto), and diversification rules (how much students can invest in cryptocurrencies as a whole).

This means you can, for example, enable cryptocurrency for your class, but limit students to only 10% of their portfolio in any 1 crypto coin, and only 25% of their portfolio in crypto as a whole.

We hope this enhancement gives teachers even more control over their class! Happy Trading!

In an ever-changing world of for sale financial courses and gurus, it has become increasingly difficult for student investors to find and utilize the best free tools on the market. 

At How the Market Works, we focus on giving high school students the tools and resources to start investing in the stock market. But where do you go if you want to start learning about cryptocurrency?

In this article we will list our top resources for learning and experiencing cryptocurrency trading that come both risk and cost free. 

1. Wall Street Survivor – Best Crypto Demo Account

Started in 2012, Wall Street Survivor is a free virtual stock simulator, just like How the Market Works, but focused on adult investors.

By allowing would-be and seasoned investors alike to practice and hone their skills in a real time free trading environment, WSS is the perfect place to learn how to trade with no strings attached.

Nevertheless, markets continue to change and in 2018, Survivors were granted full access to cryptocurrency trading.

Investors on the site can now practice this new aspect of trading solo or in monthly competitions that grant real cash prizes. 

In our view, a free and simplistic trading experience rules and Wall Street Survivor has and continues to provide the best of both worlds.

Check out Wall Street Survivor, a free platform that allows you to practice trading stock AND cryptocurrency!

2. Crypto Parrot

With the ability to exchange play money for real Bitcoin, Crypto Parrot is one of the most popular sites for simulated crypto trading. 

The site takes a new approach to financial education in the space and promotes a number of social features.

Badges, achievements, and other publishable trophies are awarded based on investors real time trades and track records. 

These features permit investors to interact and learn from one another in a fun, learning-conducive environment. 

For the more socially inclined investor, Crypto Parrot offers a new twist to paper trading with the potential for real world rewards.

3. eToro

One of the fastest growing platforms on the market, eToro has revolutionized the investing world  with its emphasis on socially based investing. 

By allowing users to follow and copy other traders’ portfolios, the site takes community investing to the next level. 

Additionally, eToro offers a paper trading platform that allows users to access the social features of the site. 

For those looking to learn from the mistakes and successes of others, eToro provides a simplistic, community oriented platform for users of all skill levels. 

4. TradingView

Largely known for its superb charting applications, TradingView has launched its own for play trading simulator. 

Although investors are required to pay for most of the more desirable features on the site, the free trial version does allow a decent amount of chart and trading functionality, as well as a chance to experience the platform risk free. 

For investors seeking to increase their familiarity with charting and other common tools, TradingView is a great place to learn and explore before financially committing to a premium platform or service. 

The features and applications on the site, could make a fantastic addition to any trader’s toolkit. 

Dear HTMW Teachers,

Did you know that we have 11,167 active contests HowTheMarketWorks? It’s thanks to teachers like you that students around the world are getting a safe space to practice investing in the stock market.

We want to offer you a special teacher discount for the ad-free premium version of HTMW called PersonalFinanceLab. It’s available only to teachers on HTMW! Order now the Stock Game and WIN the Budget Game for FREE.

You’ll get to use a similar product to the one you know and love, plus provide the full picture of financial literacy with the personal budgeting game on an ad-free platform. The discount code is TWOINONE-HTMW, and the offer is available until Friday, May 14th. Enjoy it!

You can also request a demo or a quote for your school here. Check out more details about PersonalFinanceLab below!

Stock Game

Teachers can customize the types of securities students can trade, the diversification, and amount of trades per day. The stock game provides integrated research and reports so students can make smarter investment choices. Great for distance learning, and engaging students through healthy competition and portfolio rankings.

Completely Customizable

Our stock game can be perfectly tailored for your class. Choose your own class contest length and dates, what students can trade (stocks, ETFs, mutual funds, bonds, commodities – even cryptocurrencies!), how students need to diversify, and over 50 different settings!

You can even require students to take notes with every trade to connect the stock game back to your current course topics, use the built-in forum to drive class discussion, and post announcements for your class.

This makes our stock game the perfect centerpiece for any personal finance, economics, business, entrepreneurship, or accounting class – you pick whatever rules work best for your set of students!

Integrated Research and Reports

Income statements, balance sheets, cash flow statements, historical prices, accounting ratios, SEC filings, option chains, and over 40 other data points are available in our Research Center. We even integrated company info, analyst ratings, symbol lookup, and charting tools directly into the trading page, so students can do all their investing research all in one place.

Teachers also get access to an unprecedented level of reporting and tracking, with real-time activity reports, diversification reports, trading activity, class summary data, and much more. Best of all, it is completely exportable to Excel or any other spreadsheet program!

Great for Group Work and Homework!

Our Teams feature lets you group students into collaborative portfolios, so you can see each student’s individual actions while keeping class rankings as a group project!

Since PersonalFinanceLab.com is entirely web-based with no software to install, students can also track their portfolios from home or even between classes on any mobile device for the ultimate gamified investing activity.

How to Use the Stock Game?

If you are not sure how to use our stock game, click the button below! 

Ready to Order?

Are you ready to use PersonalFinanceLab? Click the button below and complete your order. Don’t forget to use your special discount code!
If you have any questions, book a demo and our team can help you out!

Budget Game

Students learn how to build an emergency savings fund while balancing their monthly expenses. The game is set-up like a calendar and each “month” of gameplay takes 20 minutes to complete.

Students make impactful decisions that change the opportunities they face in the game. These choices also affect their Net Worth, Credit Score, and Quality of Life Score. As they play the Budget Game they complete integrated lessons, pop quizzes, and mini-games that make personal budgeting fun and interactive!

Real Life Scenarios & Events

Your students take on the role of either a college student with a part-time job or a graduate just starting their first full-time job. Either way, they are now living on their own, paying all their bills, and managing their variable income, expenses, and lots of unexpected life events!

Teacher Controls Game & Lessons

You set the initial fixed expenses, wages/salaries, income tax rates, and more to make the game unique to your class! You also choose the lessons that pop up and influence what types of “Life Events” occur so your game evolves with the topics you cover in class.

Impactful Decisions

Students need to constantly make financial decisions, like work extra hours or spend time studying in school? Buy renter’s insurance this month, or take the risk? Their game score increases as students reach their savings goals, improve their credit score, and build their Quality of Life.

Easy to Use: Full Reporting

Teachers can easily track student progress throughout the game. All transactions they make are exportable to excel or Google sheets; which includes their bank statements, credit card statements, and pay stubs!

With this information students can run activities in the class based on their actions in the game. For instance; cashflow statements, monthly budgets or compare the different choices they made.

How to Use the Budget Game?

If you are not sure how to use our budget game, click the button below! 

Ready to Order?

Are you ready to use PersonalFinanceLab? Click the button below and complete your order. Don’t forget to use your discount code!
If you have any questions, book a demo, and our team can help you out!

Curriculum

Registering your class to the PersonalFinanceLab comes with an extensive collection of experiential learning exercises to maximize your students’ understanding of personal finance, investing, economics, and business. Assignments include articles, videos, interactive calculators, and exams that are self-graded and included in the students’ progress reports.

6 Subjects, One Tool

In addition to Personal Finance lessons, PersonalFinanceLab.com also includes dozens of integrated activities for economics, accounting, investments, marketing, and management classes!

If you’re an investor, then you may already know that your family will most likely be interested in what you do and how you earn money. Moreover, if your investment strategies have often made you place personal funds or assets as collateral, then you have no other way but to explain to them how the market works.

You could also rely on some family law attorneys if your family believes that you shouldn’t be allowed to toy with money like that. Because let’s be honest, beginner’s introductions to market investments often look shady and far from inspire trust.

But, if you want your family to understand how the market works and what happens to their money, it is undoubtedly worth explaining this matter to them!

The Importance of Personal Finance

First and foremost, it is essential to mention that most people don’t know how to manage their personal finances, even after graduating. As such, some people don’t know how to pay their taxes, how mortgages work, and so on.

While you may be the only investor in the family, your children or spouse could use a bit of information about investments. Why? Well, because such information will make them notice financial opportunities that others may have overlooked. 

Keep in mind that one can invest in more than just the market!

Risks and Rewards

One of the first things you have to explain to your family is how the concept of risk and reward works. The higher the risk, the better the reward. This concept also helps build better decision-making, especially for teens.

It would be best if you didn’t talk about market research, volatility, etc. until you explain to them other concepts such as the ROI (return on investment), for instance. In this case, set clear definitions for what risk and reward mean in market investments.

Investing in Stocks

The market often revolves around stocks. They are one of the first things people will invest in. When explaining to your family how stocks work, you must keep in mind to mention how they come with variable risks and rewards.

While other markets may be less volatile with their risks, stocks are high risk and high reward. Moreover, the risks of the stock market cannot be predicted. The latter is something your family must understand if, for example, you’re asking for advice before making a risky investment. 

Investing is More than Just Buying Stocks

Finally, one has to make their family understand that they don’t just buy stocks or currency aimlessly. But to do so, you must show them the entire process behind an investment.

Namely, the part where you dig up information, look into the market, analyze past events, and predict the market’s future. Let them see that there is more to investing than just clicking buy on a specific stock. 

The Bottom Line

It may be challenging to explain how the market investments work to someone interested in this topic, let alone explaining it to your family.

However, spend extra time explaining the basics of investment, risk, reward, and so on. Then, you’ll have no issue getting into volatility, strategies, bonds, and debt securities, to name a few.

While running your business towards success, you will need to be focused on enhancing and maintaining product or service quality while also focusing on strengthening customer relationships. However, your product or service and your customers are not the only elements you will need to safeguard as a business owner as you will also need to consider effective methods of keeping the future of your businesses finances secure. Your businesses relationship with lenders such as banks, creditors, suppliers, and others will need to be safeguarded to drive your business towards success. The following effective ways to protect your businesses finances are vital.

Cover Your Employees To Protect Your Business

Your employees are crucial elements in your business as they are right at the core of essential functions. While many business owners make the fundamental mistake of assuming that key employees can be replaced, not only will it be time-consuming and frustrating to find top talent, the process could also cost your business substantially. Therefore, you should consider Keyman Insurance or other similar coverage best to protect your employees as well as your business. Such cover will payout a lump sum to the company and beneficiary of the employee, protecting all key members of your team.

Liability Protection

It is impossible to entirely rule out the possibility that an employee may be injured while at work. What’s more, you cannot be confident that any client, customer, employee, or even delivery person will not experience an injury on site. Rather than hope injuries won’t occur, and your business won’t receive a legal summons, you should protect your business with liability cover policies that are relevant to your business.

The Importance Of Data Security

Data security efforts are vital for all businesses in the 21st century. Regardless of the size of your business and the industry you are operating in, data security can ultimately protect your business from cyber hacks that will compromise your finances as well as put customer and client information at risk. As a business, physical assets are not the only assets that are of vital importance as data is equally as important when it comes to running a successful business. Therefore, you will need to implement data security measures that protect your businesses information from an online perspective. Securing your wifi and consulting a professional to protect your data best is extremely important.

Minimize Debt Effectively

Businesses who are continually feeling chased by heavy debt burdens often crumble under the financial pressure and end up shutting their doors inevitably. Therefore, another effective method of protecting the finances of your business is to focus on ways of eliminating debts. You could consider the snowball method or other methods to pay off debts, and when it comes to avoiding the need for credit usage, you could consider creative ways of raising funds for your business rather than applying for loans. When considering just how excessive interest rates on business loans can be, it makes perfect financial sense to avoid lenders where possible.

Deciding on what type of career you should focus on can be stressful. While some people seem to be born with an idea of what they want to do, most people struggle. Different people have different priorities. While some want to focus on having the potential for high earnings, others would prefer to have job stability. The things you want in a career often change as your life changes as well. When you are fresh out of college, a job that is high stress and requires a lot of hours may be exciting and allow you to learn. As you get older, this type of work may lose its appeal.

One thing to keep in mind when you are weighing your career options is that nothing has to last forever. In past decades it was common for someone to take a job and work their way up in that company throughout their career. Today, it is much more common to not only jump from employer to employer but even to transition into a different career. Knowing that your decision today is not something you are stuck with forever can make it easier to commit to one path. Selecting a major that allows you flexibility in careers ensures that you will have a way to transition into a new career down the line.

Choosing a Career in Finance

If you are interested in a financial services career, whether it is working directly with clients on managing investments, or on the business side, you can expect a wide range of career options. Investment banking, brokerages, and many other banks and financial services companies have a great need for smart, eager to learn applicants. The field can be competitive, but there is a reason for this. Financial services work is well compensated. Even at the entry-level, the jobs pay more than traditional entry-level positions.

Landing a Job

This is not a field that employs people without a college degree. Applicants who major in math, economics, or a similar choice will stand out in the sea of resumes. You can take out private student loans to pay for this degree. Lenders are generous with borrowing limits, which allows you to focus on your education. Help boost your resume after graduation by taking at least one internship while you are in school.

Working in Finance

While it can be a challenge to land that first job in the financial field, you will find it much easier to move up the career ladder. There are many different types of jobs available for anyone hoping to work in the field. If you find that your first job isn’t the best fit, transitioning into a new position at your existing company allows you to explore other options. Some common positions available for new graduates include working as an investment banking analyst, financial analyst, and financial auditor. In any entry-level finance position, you will be responsible for performing research, producing reports, and often, developing forecast models. The first few years in your career will give you a good overview of the many positions available in the world of finance. That allows you to make a decision on what you find most interesting and how you want to direct your career.

If you want to make sure that you are the best you can be when it comes to investing, then you have to make sure that you follow these key tips. If you do, then you will soon find that you are able to make way more money and that you can be way more comfortable too.

Know why you are Investing

If you don’t know why you are actively investing your money or even what your goals are, then you may find that you end up making mistakes or that you end up losing sight of the bigger, financial picture. Getting rich should not be your ultimate goal. If you think this way, then you may find that you end up going down some sketchy paths and this can cause you to make some very bad choices in the long run.

Read Books

You should sign up to your company 401K and you should also open up an IRA as well. That being said, you have to make sure that you do not rush to invest your money. While investing in stocks is not too complicated, there is certainly a lot of information that you need to digest. It’s highly recommended that you dive into some personal financial books if possible, so you can then begin to explore the relevant options. If you visit www.bestinvoicingsoftware.com and you need some help with managing your business finances for investment purposes then this websites is a great source.

Never Invest in Something you Don’t Understand

Although this may sound very much like common sense, you would be surprised at how easy it is for you to fall into a trap when you are seeing nothing but dollar signs. You may find that you end up struggling to know what you are doing and that you end up throwing money down the drain as well. This can really go against you, so you have to make sure that you do everything you can to understand the topic of your choice before you go ahead and throw money at it.

Don’t Jump into Fads

Avoid jumping into fads, or things that everyone is talking about. At the very hype of Bitcoin, everyone was talking about it and everyone thought that it was the next digital currency as well. Most people don’t understand a lot about investing, so they jump onto fads and anything else of the sort. You have to avoid this if you want to become the best investor that you can be, or you may end up paying for it in the future.

Get Protective

You also have to make sure that you get protective when people are greedy. Be more cautious of your investment when people are trying to tell you to invest more or if they want something from you. Remember that there is nothing wrong with you talking to your friends and your family about your investment, but you do have to make sure that you are doing what you can to make sure that you are aware of the influencing factors around you. If you get greedy and see an opportunity you may find that you invest too much, and this can ultimately work against you far more than you realise.

If you want to make sure that you are doing what you can to try and capitalise on the economy then this is great but remember that other people are probably doing the same thing that you are. This may tip the scales a bit and it may make it harder for you to come out on top so keep that in mind if you can so you can make the best investment possible.

In stock marketing, day trading continues to skyrocket in popularity, making more people continue attaining financial freedom. It also allows them to have the ability to live life, depending on their terms.

Some years back, it was a popular method to earn with the “Dot Com” bubble, and later, the bubble busted before the interest waned. After a decade, there was the “Great Recession” after there was interest in day trading. Today, there is a huge group of active traders who are looking for information on how they can start day trading. Much information available is overwhelming. That’s why it’s essential to learn day trading proven techniques at https://day-traders.net/.

It is easy to make a huge amount of money day trading, as many people have done before. However, if you’re a beginner, it requires you time and dedication to learn the intricacies. With careful planning and the right information, you’ll be able to put yourself that you can earn a living.

Overview of Day Trading

Day trading refers to a speculative trading style involving the opening and closing any position within a day. 

For example, assume that you’ve opened a new position at 11 AM and close it at 3 PM on the same day. It means you’ve completed a day trade. However, if you completed the next day, it is no longer day trading.

Active traders, which also means day traders will use trading strategy and technical analysis to make a profit within a short period and can also use margin in increasing buying power.

If you want to be a successful day trader, you don’t have to pick any stock and trade it. You have to use a strategy involved in money management and rules parameters.

How Day Traders Work

A day trade deals with capitalizing on short term price movements through active buying and selling stocks.

The traders look for volatile shares in the market. If there is no volatility -short term price movement – you will not get an opportunity. However, the more the stock will move while trading, the higher profit you will make or lose in that single trade.

If you want to succeed in day trading, you should exercise risk management skills. That’s why day traders are thought of as managers of risk because they have to put their money risking to make more money, and if they mismanage the risks, they get a hard time to make money consistently.

Successful traders often always have their predetermined entry and exit points prior to entering the trade. It helps take their emotion from trade, and that keeps the trader in over managing their position.

Requirements For Day Trading

Day trading is essential to investors. However, as a beginner, before you trade with real money, consider these things:

  • Knowledge Of Trading Technical Analysis And Terminologies

Day trading is an exceedingly difficult skill to master and become competent. Therefore, when you want to trade, consider it like a professional. The way you aim at making money will depend on your ability to perform day in and out. If you decide to day trade but without any education or training, that’s a recipe for disaster – you will lose money.

  • Develop A Strategy Or Adopt Proven Trading Strategy

It might take you long before you can develop a strategy you’ll be using to trade. It’s, therefore, best you adopt the approach other traders are using. When creating your own, you will have to backtest and refine it before trading with real money.

  • Practicing

You might have read some articles, books, or enrolled in trading courses and feel like you’re ready to start trading. The reality is, you’re even not close to being ready. And that’s why practice will come into play.

With there being many forex brokers to choose from, you’re often left with questions of which is the best option? Even if you have a checklist of what makes a good forex broker, there are still qualities and characteristics to watch for that not every broker has.

There are quite a few forex brokers on the market that sport multiple red flags and do not have their client’s best interest at heart, or do not meet the proper regulations for forex trading, Hugosway being an example. However, that doesn’t mean the perfect forex broker isn’t out there.

We created a list of five qualities and characteristics to look for that make a good forex broker.

Follow All Licensing and Regulations

Likely the top quality of a good forex broker is that the company follows all licensing and forex trading regulations. Unregulated brokers can get themselves, you and your money into shady situations, all of which you do not need.

Ask yourself this – are you comfortable with your money being handled with an unregulated broker?

Offers a Demo Account

Another excellent quality of a good forex broker is that the company offers a demo or trial period. It’s a standard business practice to provide clients with a trial period of a few weeks or one month or give them access to a demo account with fake money. This allows the client to become familiar with the platform and make sure it’s a good match for them.

A good, regulated forex broker should have no problem offering you a trial period or demo account at no risk to you.

Choice of Account

Since you’re the client and the broker makes a bit of money off you, a good trait of a forex broker is allowing you to choose the type of account best suited for your needs. With forex trading being popular, there are different types of accounts available. Your broker should offer access to them.

One type of account is an ECN forex broker that acts as a bridge between forex traders and executing trader requests and orders. You can take a look at the top ECN brokers of 2020 to see what they all offer.

Adequate Customer Service

Having good customer service is a huge asset for a forex broker for a few reasons. To start, since someone can forex trade 24-hours a day, it’s important to have access to customer service 24-hours a day. Especially for a new trader or someone testing out a new broker, anytime customer service access is a huge perk.

Adequate customer service also comes in the form of real-life customer service technicians. When you’re calling with a question, you want to speak to a live person right away, not having to push numbers in hopes of getting the right answer.

Ease of Deposits and Withdrawals

Another essential quality, and for some forex traders, the most important quality, is the ease of deposits and withdrawals. That is your money in an account through the broker, which means you should be able to access it at any time without any issues.

Before choosing a forex broker, take time researching what it offers and the reviews about it. Past experiences from other traders will help give an image of what the broker is like.

With the world coming to terms with a global pandemic, focusing on your studies, preparing for SATs, LSATs, GRE, GMAT, etc. is becoming even harder. However, with universities and colleges shifting to online mechanisms for education, the students need to keep preparing despite the myriad of challenges they are facing in these times of crisis.

When it comes to all these exams, the test preparation market has a huge role. However, the choices that the students make right now will have quite an impact on the future of the test prep market, especially the online test prep market. The test prep market is predicted to reach over $30 billion by 2021.

Transition From Physical Classrooms to Online Classrooms

The current and forced transition of schools to distance learning is revealing several benefits of remote education. Test preparation is now shifting from physical classrooms to online classrooms. There is a lot of benefit for companies to learning how to invest in test preparation courses. Let’s see why is that and how is it good for the online test prep market.

When it comes to education, classroom courses have several benefits that are irreplaceable. For example, for students of engineering or physical sciences, there are a lot of things that can’t be taught remotely. However, when it comes to online test preparation courses, it depends on only two things.

  1. Instructor Quality
  2. Curriculum Quality

·       Instructor Quality

Previously, to increase their market and to enroll a higher number of students, test preparation centers used to employ a lot of instructors. In doing so, they compromised on the quality of education being imparted by those subpar instructors.

However, when it comes to online test prep, there is no need to hire a below-average instructor because there are no physical classrooms. In this way, not only will the test prep companies will have resources to invest in a quality instructor, but the students will also get quality education, and thus, will be able to perform better.

·       Curriculum Quality

When it comes to standardized tests, the curriculum and type of questions that come in those tests are certain. The challenge for the test prep companies is to create an effective curriculum. What they need to do, at first, is to create a simple model that will help all the learners, no matter what their capabilities are.

hen, the second step will be to provide such content that will help the students work on their problem areas. Research says that online learning is as effective as classroom learning. Therefore, the test prep companies have to design a curriculum that will help the students in a better way while they are studying online.

With the help of various online tools such as lesson planners, creating assignments and quizzes, etc., you can ensure that the students get tools for interactive learning.  Students need to ensure that they read PrepScholar reviews online of the test prep companies so that they would know that they are getting quality education.

However, not all students belong to the same social and economic class. In the wake of COVID-19 and the transition from physical learning to e-learning, we have seen that the students who are of lower socioeconomic status are facing loads of difficulties. This is since they lack access to the internet and have less reliable devices.

Steps That Online Test Prep Companies Need to Take

With so many test prep companies available online quite a few steps the test prep industry is shifting away from the classroom, they have to address the social and economic disparities that exist in society. Otherwise, it will become just another way for rich and wealthy students to get a leg up.

·       Offer Need-based Scholarships

Several students can’t afford the rates of online test prep. Is it fair and just that they will not get the guidance they deserve just because they can’t afford it? This is where scholarships come in. Test prep companies have to implement a mechanism through which bright students of lower economic standing will get scholarships.

·       Improve Their Device Availability

Not all of the students have access to high quality, expensive devices. We need to ensure that the online test prep material is compatible with all devices, so that people all over the world, even those with very affordable and cheap phones can have access to quality education.

Moreover, the online test prep industry needs to make their courses available offline as well. Making the course content downloadable would be beneficial for many people who don’t have access to the internet 24/7.

Final Word

In these unprecedented times, even though there are several challenges, the world, especially the world of online preparation has changed for the better. Both the online test prep companies and students need to adapt.

Here’s to a better and effective online test prep world!

Investing has become much easier in the digital age. People can simply log into online accounts and transact large sums of money in an instant.

The popularity of brokerage apps like Robinhood make stock, options, and even crypto trading easy for enthusiastic investors.

Digital investments do not need to be stored, are highly secure (assuming an investor is using a legitimate platform), and often feature cost-competitive fees on transactions and trades.

With the ease of investing virtually, some wonder why people go through the hassle to Buy Gold Online and store physical bullion.

Gold bars can be heavy and pose a significant security risk if stored at home. People who choose to have their bullion investments secured in a bank must trust the institution and their security measures, especially if the entity is far away.

Even in the modern era, purchasing physical gold has several advantages. Gold has long been seen as valuable by countless civilizations and the yellow metal still remains desirable in the modern age.

Gold prices have surged across 2020 due to low interest rates and activities by central banks to stimulate the economy.

Many are adding bullion to their portfolios as upward momentum keeps gold prices strong during this time of economic uncertainty.

The Many Benefits Of Buying Physical Gold

One of the strongest advantages of buying physical gold is its tangibility. Gold bars, coins, and rounds held in a person’s hand are a unique investment. They are not able to be destroyed by the natural elements and can not be hacked or digitally altered (like some investments in the virtual world).

In times of crisis, gold bullion can be a literal lifesaver as it is extremely liquid and seen as a stable store of value.

Gold is one of the only assets that is not a liability at the same time for another entity. No contract is needed to make a gold coin, bar, or round valuable.

Privacy is another advantage of purchasing physical gold. Most investments, especially those made digitally, are tracked and traced. Other people who have access to a digital portfolio could then see a person’s estimated wealth.

On the other hand, physical gold can be purchased anonymously. It remains one of the few assets that can be bought and stored in a completely private manner. This is a huge advantage for those interested in keeping their investment practices hidden.

The portability and simplicity of gold storage (if willing to do so) is a third reason why people often purchase physical gold. One can hold thousands of dollars worth of gold in the palm of their hand and store it in a small safety deposit box.

Stacks of bills can quickly become overwhelming and hard to manage. Other physical bullion options, like silver, do not pack as much value in a small space like gold does.

The value-density of physical gold gives significant advantages to purchasing bullion.

Finally, an advantage of purchasing physical gold is the lack of specialized knowledge required. Stock trading often takes research and practice to become at ease with. Even the most experienced traders still spend time honing their craft.

More research and knowledge are often required for investments like cryptocurrencies and stock options due to their specialized nature.

Buying gold bullion does not require any special knowledge other than understanding the day’s spot price. No speculation or price predictions are needed. Gold bullion is easily recognized and can be bought in just a few minutes by even a first-time investor.

In a complicated financial world, the simplicity of physical bullion can not be understated. Buying ‘digital gold’ like gold ETFs or gold-backed cryptocurrencies are more complex.

Buying Gold Bars, Coins, And Rounds

The best types of physical gold investments are bars, coins, and rounds. All three are easily accessible and recognized across the world. In general, buying gold coins is the best option for investors. Coins are easy to sell or trade when needed and often are sold at a higher premium than bars or rounds.

Larger investors should opt for gold bars. The premiums on bars lessen as the value grows higher. One bar is also much easier to store than a multitude of coins.

Physical gold rounds are another option for investors. While rounds do not have the desirability of gold coins, some mints create beautiful rounds with unique designs, making them popular collector items and investments.

Buying Physical Gold Is Still Popular In 2020

Investors should not shy away from purchasing physical gold. Bullion is a smart choice to hedge against economic uncertainty and diversify a portfolio.

To most people, the stock market seems like a relatively elite world where those with money get countless opportunities to make even more money. However, even those with smaller budgets can seize the chance to profit as the result of an investment. In this article, we share a few hints and tips on how you can make a modest amount work in your favor in the world of stocks, shares and other investments.

Open a Mutual Fund Account

Simply put, this type of fund is an opportunity for a group of individuals to club together, pooling money that is then distributed across a variety of assets by professional financial experts. The return that is generated by those investments is then shared between the individuals who have paid into the fund. Because multiple people pay into the same account, the amount of capital required per individual can stay low, while the payoff may still be considerable.

Opt for a Stocks and Shares ISA

In a number of countries, potential investors can open a savings account that sees the deposited funds put into the likes of shares, government and corporate bonds and trusts. The UK’s version is known as a Stocks and Shares ISA. This type of account can be opened with almost any bank. The costs involved are usually similar to those of any other investment account. As with any interaction with the stock market, there is no guarantee that your money will generate significant returns – and, indeed, you may even lose money – but you won’t usually have to pay tax on your profits. There is usually only a very small initial lump sum deposit required to open an account of this kind. In the UK, it can be as low as £100 and up to £20,000 for the calendar year. It’s also possible to pay in monthly, investing as little as £25 each time. Be sure to carefully compare available accounts before you make your choice, as the related costs can vary significantly.

Seek Out Commission-Free Trading

On many platforms, commission is charged whenever you buy or sell stocks. This is often either known as a commission fee or brokerage fee. However, commission-free trading is now an option, allowing you to save more on your interactions and therefore have more available to invest in your next trade. Simply see the WeBull review for the stock trading mobile app that offers a commission-free trading platform in order to learn more about how this approach can work.

Better to Go Big Than to Invest by Degrees

Interestingly, as is the case in many other fields, it’s best to make one big investment when purchasing shares than to purchase a variety of individual units. This is because, where commission is charged, it is calculated per transaction. For this reason, it’s most common for a block of shares – usually numbering 100 – to be sold as a single transaction. In a relative sense, this keeps the charges lower than they would be if you paid per individual share, as each of these purchases constitutes its own transaction. As a result, it’s usually smarter to save up and buy a big block of the same type of share than spreading your funds around thinly.

Increasing numbers of entrepreneurs like Tai Lopez and Alex Mehr are drawn to taking over existing businesses. The strategic plan envisions a rethinking of the business model.

There is a widespread misconception that founders who sell their businesses are concealing material facts from potential buyers. Traditional thinking states, ‘If the business is so great, why are you selling it?’ This naturally lends to increased scrutiny. Yet, the global economy is predicated on demand and supply, buy and sell. It is an intractable reality of the market, and it exists at every level of retail and wholesale activity.

Founders sell businesses for any number of reasons, including lifestyle changes, new ventures on the horizon, or simply to cash out at the top of their game. On the flipside, buyers are always on the hunt for bargain deals. Arguably the most important precursor for success vis-a-vis business ventures is brand-name awareness. This goes to the heart of trust, credibility, and market share.

Indeed, companies like Pier 1 Imports, Macy’s, Dressbarn, American Eagle Outfitters, Signet Jewelers, Bath & Body Works, Stein Mart, Microsoft Store, Brooks Brothers, CVS, GameStop, GNC, H&M, Lord & Taylor, Neiman Marcus, and Victoria’s Secret have announced large-scale closures of their retail operations.  Businesses divest from poorly performing stores in order to shore up their cash flow, rein in expenditure, and improve profitability over the long-term.

The shuttering of tens of thousands of retail operations across the United States is fuelled by the ‘steroid induced’ Retail Apocalypse, driven by the coronavirus pandemic. Fortune.com author, Phil Wahba inked an op-ed in April 2020, ‘Coronavirus Will Harm Already Weak Retailers Long After It’s Been Contained’. In his expose, he goes to great pains to elaborate the damage faced by the retail sector vis-a-vis the coronavirus. The switch to e-commerce has accelerated in 2020, owing to the social distancing requirements, and virulence of the pathogen causing the coronavirus disease.

How Entrepreneurs Are Capitalizing Under Current Market Conditions?

At first glance, one would be remiss to postulate that profitability is possible during an exceedingly difficult period in the global economy. Like trading and investing, profits stand to be made whether markets are rising or falling. The analogy to trading is an important one, given that put options in futures markets can be profitable to traders during downswings. Under current market conditions, the reality is markedly different. Entrepreneurs who buy ailing businesses are not looking to short the future income potential of their acquisitions; they are looking to turn things around to become profitable under current market conditions.

Two serial entrepreneurs are worthy of mention: Tai Lopez and Alex Mehr. The former is a social media influencer with millions of followers across Twitter, Instagram, and Facebook et al. He’s also a property mogul, and a business tycoon. Together with former NASA scientist, Alex Mehr – who just so happens to be the co-founder of Zoosk which sold for $280 million – the pair kicked off a Florida-based investment company known as REV (Retail E-Commerce Ventures).

This disruptive retail company is making hay while the proverbial sun shines in 2020. With the Retail Apocalypse wreaking havoc on bricks and mortar operations across the US, Lopez and Mehr are turning things around for many established brand name companies. To quote Lopez, ‘… The number-1 corporate objective, when crossing the chairs, is to secure a distribution channel into the mainstream market, one with which the pragmatist customer will be comfortable.’ For Lopez and Mehr that is e-commerce.

According to Digital Commerce 360, Amazon.com’s Q2 North America revenues skyrocketed 43%. Such phenomenal growth is a testament to our times, thanks largely to the pandemic which has funneled retail activity, from land-based operations to e-commerce. According to Amazon’s financial reports, worldwide revenue growth in Q2 increased 33.5%, and virtual sales of groceries increased 300%. This is not unique to Amazon; similar trends are evident with eBay, AliBaba, and virtually all other e-commerce retail operations of existing land-based businesses. For REV, the strategy is clear: Harness the brand power of existing SMEs by transformative change [from land-based footfall traffic to e-commerce]. Identifying lucrative opportunities is the biggest challenge, but several important acquisitions have already been made.

Modell’s Sporting Goods

Modell’s Sporting Goods is an established provider of sports & activities, accessories, and footwear. With 130 years of retail experience in the sporting industry, Modell’s Sporting Goods has consistently delivered on expectations. Land-based stores are available in DC, Virginia, Delaware, Maryland, New Hampshire, Massachusetts, New York, Connecticut, Pennsylvania, and New Jersey. But the Retail Apocalypse dramatically affected the brand, leading to an important decision – a buyout by Tai Lopez and Alex Mehr.

The decision was inked on 14 August 2020, when REV paid $3.64 million to purchase Modell’s assets after the sporting goods retailer announced bankruptcy and liquidation of the chain. The reason why Tai Lopez and Alex Mehr purchased the company was clear as day: people love the brand name. A turnaround strategy from land-based operations to e-commerce has already proven to be successful.

Pier 1 Imports

Pier 1 Imports is another example of a well-known retail brand that was struggling to make ends meet in 2020. Once again, the Retail Apocalypse with a steroid-induced bolus from the coronavirus accelerated losses at land-based retailers across the country. on July 31, 2020, a $31 million purchase was finalized of Pier 1 Imports by Retail E-Commerce Ventures (REV) under the stewardship of Tai Lopez and Alex Mehr. As anticipated, Pier 1 Imports remains a well-known brand with massive e-commerce sales potential.

Dressbarn

Dressbarn is another example of an ailing land-based retail chain that shuttered all of its land-based stores in 2019. REV made the bold move to acquire the company and launch online sales through a clever combination of social media ingenuity and e-commerce. By determining where customers are, and contacting them on their terms, REV managed to turn Dressbarn around with year-on-year increases in revenue. Thanks to smart marketing, analytics, and big data, REV is able to fully assess each brand that it acquires, or intends to acquire based on a set of factors. Criteria include the quality/value of the company’s assets, customer affinity for the brand, and brand awareness.

Many other serial entrepreneurs have ventured into this territory, hoping to transform once-ailing Len-based operations into thriving e-commerce ventures. It is definitely a challenging environment in 2020, but all signs point to the runaway success of REV under its innovative leadership duo.

If you take a broad perspective on investing, it could be said that it’s the same thing regardless of which country you’re doing it in. In a sense, you’d be correct. After all, what more is investing aside from designating money for certain funds in hopes of growth? 

Investing is similar no matter where you go – in principle, anyway. The goal is generally much of the same in each country but, just like legislation and culture, every nation has their own investing structure and regulations surrounding it. 

Looking at building an investment account in the country of Canada. It’s not too dissimilar from the United States, which houses the largest stock exchange in the world in the New York Stock Exchange (NYSE). Although Canada may not have the biggest stock exchange or population of investors in the market, they do have their own respectable investing infrastructure set up, and here’s how you can take advantage of that. 

Take Stock & Audit Your Unique Financial Situation

There truly is not a single one size fits all investment strategy to follow, regardless of where you live. Even the best investment accounts in Canada won’t bring financial success if the funds aren’t allocated in alignment with your personal goals. 

The first and foremost thing to consider is your age. An 18-year old’s investment strategy will be a bit different from someone who just turned 60 and is glancing toward retirement on the horizon. Some can afford more risk than others, some can’t. The tables can easily be turned, and some 18-year old’s may have no room for risk because of lack of funds, whereas the more seasoned investor has managed his finances well and can afford to lose a bit on venture. This just goes to show how circumstantial investing can be.

Combine your age with your financials. Do you have a job? Are you in school? What’s your annual average income? Do you have a decent savings for emergencies or loss of income? Is your salary expected to taper up or down over the course of the next 5-10 years? Ask yourself these questions, as well as taking an honest assessment of your expenses, both necessary and liberal costs, as well as your insurance situation.

Compile everything about you, your money, and your goals into an investment strategy that suits where you want to go and steers your money toward the desired outcome you see in the future. No single person can do this for you. 

Looking at Investing Options for Canadians Like You.

The most significant stock exchange in Canada is the Toronto Stock Exchange (TSX). Much like the United States’ NYSE in terms of stature, this is where most trading is done. Whether you’re a day-trader or someone who buys individual stocks, the equities in your fund will likely be held and traded on this exchange.

In terms of investment accounts for Canadians, they’re similar to what the US and other major countries have introduced, with some slight differences. 

  1. TFSA Accounts

You have the tax-free savings account (TFSA), which is a form of investment account that can hold differing forms of assets, including cash, but is not taxed at all upon withdrawal for capital gains. This is very similar to what America has in the form of a Roth IRA, where your investments are not able to be written off on your tax deductions, but you do not have to pay on them later when reaping the benefits. 

This is ideal for those who expect their income to increase, or be higher at the time they plan on withdrawing their investments from the account in comparison to what they’re paying on the income at the time of deposit. The Canadian TFSA also has an annual contribution limit – for 2020, the limit is $6,000 CAD. 

It comes with some caveats though. If you failed to meet that contribution amount for the year prior, whatever amount under $6,000 you were you would be allowed to contribute in the following year. So, if you only contributed $4,000 for the past three years, in 2021, you’d have $6,000 of “rollover” contribution room. 

  1. RRSP Accounts

A registered retirement savings account is much like a standard IRA account in the sense that your contributions are tax deductible and you will pay taxes on them upon withdrawal. You’ll also pay a withholding tax for any reason other than retirement, post-secondary expenses, or the purchase of a new home. Your contribution limit will also be reduced by the amount you withdrew. The dollar amount contribution limit for 2020 is about $27,000 CAD, and to qualify for opening one you’ll need to be under the age of 69. 

At age 71, your RRSP will automatically be converted into an RRIF, which is a registered retirement income fund, with payments needing to begin dispersing by age 72 at the latest. There is a minimum annual withdrawal, and the withdrawals will be taxed at your marginal tax bracket. 

  1. Cryptocurrencies 

Investing isn’t just for retirement, and, although cryptocurrency very well could help you do that, it’s far more than just a retirement account. Cryptocurrency is something that Canadians can add to their investment portfolio to promote breadth and depth within their asset classes.

Much like gold, except likely with more upside, cryptocurrencies currently serve as somewhat of an alternative asset to more traditional governmental currency-backed investments. You know inflation is always a risk, and at the moment interest rates are regressing after having previously given savings account owners a glimmer of hope. These uncertainties make cryptocurrencies a quality alternative, contrarian asset to hold.

  1. Brokerage Accounts

It should go without being said that you have the classic brokerage account used for trading equities, options, and other assets on the market in the day to day. Taxed at your traditional capital gains rates, these aren’t generally used for retirement purposes alone, but for more active and exploratory investors. Nevertheless, they’re a useful tool to have in your belt of investment account types.

In Summary, Have Some Depth 

It’s great to have a spread-out portfolio over multiple account types, and you needn’t worry about committing to just one. Implementing this alongside a customized investment strategy is enough to produce some precipitous gains in any country, including Canada.

Marion Underwood
Marion Underwood has been working as a blogger ever since he was young. His blog is filled with informative articles on business, investment, and finances. Marion also writes guest posts about these topics to other online platforms.

At ClickTrades, the online European trading brand owned by KW Investments Limited, traders have the opportunity to trade some of the leading financial assets, including CFDs on popular stock market indices. At times, when stocks are very volatile, the broker aims to provide access to instruments that are more liquid and at the same time, carry tight trading costs.

Known for its sharp considerably towards ensuring optimal trading conditions, ClickTrades had managed to assemble a very comprehensive offer that includes CFDs based on multiple asset classes, such as forex, shares, commodities, cryptocurrencies, ETFs, but in this article, we would like to focus on mainly on indices CFDs.

Three of the strongest indices CFDs are part of the offer

By studying the ClickTrades indices CFDs offer, we can easily notice that due to a very diversified list, some of the major global indices are available for trading with competitive costs. The German DAX30 had been one of the best-performing European indices since the March selloff took place, managing to recover more than 90% of the losses. Spreads are variable (starting at 2.6 Euros) and the maximum leverage goes to 1:200, while the overnight swaps represent the last trading cost associated.

Moving ahead, the US stock market had been the leading-performer this year and because of that, US-based stock indices had been very popular among retail traders. With ClickTrades, you are able to get involved in the tech industry with CFDs on Nasdaq 100 or get exposure to some of the leading US companies with contracts on the CFD for S&P500. The same trading conditions apply (variable spreads, overnight swaps, and up to 1:200 leverage) to ensure that customers can get involved in the market without large trading costs.

ClickTrades trading conditions

When trading with ClickTrades, conditions will depend largely on the account type chosen with the broker. At present, there are three different accounts available (Essential, Original, and Signature), each providing access to a pre-defined number of trading features.

In case you want to test the trading conditions and the ClickTrades platform, you can easily open a demo account, without having to put money at risk. In terms of live trading features, the broker offers access to daily market reviews & financial research, daily analyst recommendations, full access to a video library, and assistance from a dedicated account representative.

Other advanced features include special trading conditions, the ability to use the Trading Central, open access to research, or one-to-one meetings with an account representative, but you will need to make an upgrade from the basic Essential account to get access to them.

Trading Platforms

The main trading platform available at ClickTrades is the proprietary ClickTrades WebTrader, a solution designed to create the optimal trading environment. With it, traders can stay connected to the market on the go or from the comfort of their workspace, while access 2,100+ world-class assets. It integrated risk management tools, news, 3rd party resources, and advanced charting to improve the overall trading experience.

Alongside the WebTrader, the popular MetaTrader 5 is also part of the offer, to ensure that diversification in terms of trading platforms is provided. MT5 is very intuitive, comes with different execution modes, a wide range of analytical tools, and automated trading facilities.

Summary

CFDs on Indices continue to be some of the most traded instruments among retail traders and ClickTrades enables access to competitive trading conditions for its customers. By providing support for leading indices CFDs around the world, tight trading costs, and optimized trading platforms, ClickTrades confirms its status as one of the highly trusted global trading brands.

Risk Warning: The materials contained on this document are not made by ClickTrades but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. Trading CDF’s involves significant risk of loss

The days of just investing into a few stocks or a mutual fund for your future or some speculative financial gain are now gone. For the first time in a while, the world is beginning to start to see new types of currency available for use in transactions. Cryptocurrency has come to life over the last decade, especially the last 3-5 years as the news and talking points surrounding it continue to grow. If you’re not a crypto head though, you may be wondering what exactly it is and whether or not you can earn money through investing in different cryptocurrency.

What It Is

For now, cryptocurrency essentially serves as a value-holder that is usually backed by a blockchain service created to serve a specific purpose. What is a blockchain service? That’s another lesson entirely, but in short it is a decentralized transaction logging protocol that creates a chronology or provenance of its transactions. It’s decentralized because it is unregulated, which is one of the many reasons citizens and governments are skeptical about the asset.

However, we are starting to see to see online retailers accept crypto (primarily Bitcoin or other prevalent currencies) for transactions, essentially replacing money in these circumstances. This, however, is a slow and arduous process, so it’s unknown whether or not it will ever be widely accepted everywhere or even by most businesses. Some of the world’s largest corporations still don’t accept it, and, although it does seem to be progressing in that direction, the day when it finally becomes the widespread accept norm is a big question mark.

How To Invest 

This doesn’t stop cryptocurrency from being a viable asset to invest in though. Investors can trade upon these blockchains and purchase their own cryptocurrency shares while those with the computer wherewithal go about mining for new coins. Even if this alternative currency, much like gold, never reaches the level of prominence seen by the likes of the US Dollar (USD) or any other global standard value-holder, it still fulfills the role of an asset to hold with upside. 

Near the end of 2017, the price of Bitcoin skyrocketed near the value of $20,000 USD per coin, and it was probably this little PR boost around that time that really brought cryptocurrency to light for the public who had yet to hear of such a thing. Since then, things have regressed back to a less inflated state with the price of Bitcoin generally fluctuating between $8,000 and $11,000 over the course of the last year. For a new asset class, it’s actually been rather steady.

Types Of Crypto

The bigger name blockchains serve as a generally safe investment for the time being and those looking to hold long-term investments. You can easily put a few thousand dollars or more into a big-name, steadier cryptocurrency and treat it just like any other alternative asset – except, of course, for the fact that this one has the upside as being accepted as currency in some places with some great prospective for expansion and future growth. 

If the long-game isn’t your strong suit and you’re more of a day-trader seeking some quick gains or even just the thrill of watching the market, there’s cryptocurrencies available for you as well. If you watch the crypto market, or keep track of the financial market as a whole, you likely come across updates about new cryptocurrencies becoming available to be traded on your platform of choice. 

Crypto ICOs and the Upside Involved

While the blockchain may have existed before now, a new crypto making its way onto an official trading platform is basically like a stock getting its IPO on the market, except with more volatility depending on what company you’re comparing it to. (Crypto coin IPOs are actually referred to as ICOs, by the way.) These cryptocurrencies can be likened to penny stocks more so than a growing business getting a much-anticipated IPO, but you understand the comparison. With this novelty and unknown aura that accompany this new block comes volatility, and that is where you can earn money making a play on it.

Some of these new currencies that come onto the market may start out with a very low value in USD, with plenty of them entering the market under $1 per coin and some far less than that. This obviously presents an opportunity for tenacious growth if the technology backing it and people introducing it are right. Holding even just a few whole coins is a big deal if your currency of choice rises to prominence in the future. 

For an even quicker turnaround however, you’ll want to note that these sometimes fluctuate wildly over the course of the day. Also not to be forgotten is the fact that crypto trades at all hours and all days, unlike traditional institutions like the New York Stock Exchange where the markets traditionally open at 9:30AM EST and close at 4:30PM so everyone can go home. This is part of decentralization, and the trades can happen at all times. This means you have a keep a closer eye on the market than you would if you were trading in more traditional stock options.

Because of this factor, prices are always changing and somewhat erratic with these newer, smaller blockchains. This presents your chance as an opportunistic profit-chaser to get in on the action and capitalize. That is, if you play your cards right and have access to the right information rather than just trading random currencies, that would be preferential. 

Multiple Strategies Can Benefit

Cryptocurrency investing is not just for speculative investors or enterprising college students. Earning money through investing in cryptocurrency is something that’s a very real, very promising opportunity for every form of investor out there. Whether you’re a retiree, in your prime working years, or even just a teenager looking for investing experience, there are numerous ways to invest in cryptocurrencies can benefit your investing knowledge and, potentially, your wallet. 

Bruce Hebert

Bruce Hebert is a successful blogger who publishes content about business, investment, and cryptocurrency. Bruce wants to help his readers make the most out of their earnings by understanding these topics and guiding them in making investments

News is what most traders expect when trading. Regardless of what kind of analysis they practice (fundamental or technical), the news release is an important event that no trader can ignore.

Why is news release so important and what is news?

Conventionally, the news is an important economic event, on which the financial policy of a particular country depends, which in turn significantly affects the value of the currency of a particular country. Such news includes reports from leading economists, meetings of important economic institutions, the results of board meetings of world banks, elections, as well as reports from industry leaders in leading manufacturing countries.

All of the above news includes macroeconomic indicators that every trader should consider when trading. According to the results of certain events, a report is issued, which can greatly influence (and sometimes may not affect) the market movement.

News can be both planned and unexpected. Experienced traders are strongly advised to ignore sudden news, as spontaneous trading is rarely effective.

What news is better to trade on Forex?

The best option is scheduled news, the schedule of which can be found on any economic calendar. These calendars indicate the dates and exact times of the release of very important macroeconomic events. The most important news is:

  • Inflation data;
  • Information on unemployment;
  • Interest rate data;
  • Information about GDP;
  • Industrial growth reports.

Other news may carry weight, but not as much as the publication of the above data. However, if you only trade news, then other news may also be useful.

Unfortunately, one cannot predict exactly what the news will be. But for certain issues, there may be certain prerequisites. And, if you have enough information to predict the final report, you can place pending orders and just follow how your deposit is increasing.

Most of the time in Forex trading brokers simplify things for traders and they have a section that is allocated to the news. Thus traders are able to check them, which helps them greatly. However, some broker websites lack them and as soon as you learn how to compare forex brokers with each other it becomes easier to choose a proper one for trading.

The main task of a trader is to follow a new emerging trend, which may (or may not) appear in connection with the release of this or that news.

How do traders trade on the news correctly?

When you have decided what news to trade on Forex, look for the relevant news releases in special economic calendars. It is advisable to put informers with a sound signal so that you do not forget that there will be a news release soon and you will need to start trading. Traders also indicate the time zone, so that the calendar correctly displays the date of the news release. Most of the Forex news is published in Pacific Time.

Not every broker can guarantee a high-quality signal when trading news. There are strong delays, distortions, or simply no signal from the terminal. In these cases, it is best to choose a broker that traders speak well of and who provides, if not ideal, then a stable quote signal.

Some brokers offer a deposit insurance service for news trading. If a broker provides such a service – spare some money and use it. It can save your deposit from unforeseen situations, or incorrect trading.

Choose the right currency pair to trade. It is worth remembering that every news release from each country is directly tied to its national currency. Accordingly, if there is news about Canada, then the currency pair for trading should be USD/CAD (dollar against the Canadian dollar). Other currencies for trading are selected in the same way.

Despite the fact that the market reaction to news can be unpredictable, there are a number of factors that determine the dynamics that are interesting for traders after the news is released.

For example, there is news that the US unemployment rate is 5%, but the previous news was 7%. This means that the state of the US economy is improving, therefore, the dollar is getting stronger against the background of this news. From this, we conclude that it is necessary to make transactions of purchase/sale of currency in favor of the US dollar.

What traders do not do when trading the news?

  • Place buy/sell orders in advance;
  • Leave the platform unattended;
  • Do not use Stop Loss and Take Profit limits;
  • Use trading robots that are not intended for news trading.
  • Do not use the services of deposit insurance.

These are the main points, which should not be done if you often trade on the news.

As mentioned earlier, for this it is important to choose the right broker who, first of all, is interested in the client’s earnings. Unreliable brokers often dislike traders who trade on the news. If these are dealing centers that pay traders not actually earned money, but their own, they can in every way impede full-fledged trading on the news.

  • Actual disconnection of the platform from the feed. That is, during news, the terminal simply does not work – traders cannot perform operations and the dealing center does not have to pay anything.
  • Slippage. This is the opening of a deal at a less favorable price, as stated by the trader in the trade order.
  • Increasing the spread. The broker makes news trading more expensive for traders, while the signal quality does not decrease. A relatively honest method, practiced by both dealing centers and some brokers.

Trading systems that allow traders to trade on the news

There are a lot of both home-made trading programs and other versions that are specifically targeted so that a trader can safely and profitably trade on the news. Most of them are incomplete, they are characterized by a large number of structural miscalculations. Using such programs should be very careful. This applies more to those robots that are freely available and distributed directly by the traders themselves.

If we are talking about corporate boxed versions, then their work is more streamlined and often brings good profits to traders. But even such systems have a number of disadvantages that should not be overlooked.

  • The price is too high. Sometimes such an investment does not fight back even after several months of trading.
  • The quality of the support team varies from company to company.
  • The algorithm can break at any time. Due to the dynamics and volatility of the market, even the most efficient and theoretically perfect mechanism can fail. And this is not a miscalculation by developers or a trader who uses robots. This is the specificity of the market and nothing can be done about it.