How to Get Cheap Health Insurance Plan?

Mai 1,2021

How to Get Cheap Health Insurance Plan?

The United States Government has been presenting several schemes and plans to help the American residents enjoy health insurance benefits to the fullest. “Obamacare” is one such scheme that provides health insurance facilities for both the high-income and low-income groups in America.

However, a report from a Washington D.C. firm, named Avalere Health, reveals that the price for one of the plans in Obamacare, called the silver plan, will rise to about 34% in 2018. The silver plan provides a decent coverage policy and is a bit high on the monthly premiums.

For those who cannot afford to pay such high premiums; they need not worry, as there are policies besides this and a subsidy scheme, which will provide health insurance at low cost.

While shopping for cheap health insurance plans, one should have sound knowledge about health insurance policies. Senior Vice President of Advisor Services at Manning & Napier, Shelby George advises the shoppers to always look for how much coverage is provided for the costs a company provides.

In other words, one should not get carried away by the cheap rates, but should rather focus on how much coverage the insurance companies are providing for those cheap rates they advertise.

In order to get best cheap health insurance, here is an explanation of the different policies available and a description of, whether one can get insurance for “free”.

Subsidies and other Health Insurance Plans:

With an aim to provide all Americans with Health Insurance coverage, one of the many useful plans proposed by the Government, is that of ‘subsidies’. A subsidy, in simple words, is the amount paid by the Government to the insurance companies to provide health insurance facilities to those with low incomes.

This means that people falling into the low-income group will be able to enjoy health insurance benefits through the use of subsidies, which would otherwise be rejected by insurance companies on any other short-term policy claim.

An individual who earns about $48,000 and a family of 4, which earns somewhere less than $98,000 are those who can enjoy the benefits of subsidies. Hence, people with low incomes can enjoy good cheap health insurance with the help of subsidies. However, these subsidy schemes proposed by the Obamacare plan are more likely to be altered or eliminated on the whole by the Trump administration.

Talking about other health insurance plans, a silver plan will cover up to 70% of a person’s health care charges while a bronze plan will cover up to 60% of the costs and the remaining percentage of charges will have to be paid out of the person’s pockets.

Now, comparing these two plans, if one wishes to spend absolutely NO money out of one’s pockets, then choosing a bronze plan along with a subsidy will be of great help. For those who cannot afford to pay out of one’s own pockets, the bronze plan coverage of 60% along with the remaining 40% covered by subsidies will help to enjoy cheap health insurance.

What Type of Policy One Can Choose?

The first step to get hold of the best cheap health insurance is to be aware of what policy suits one’s needs. Here is a list of two options explained briefly, so that one can choose the best fit.

1. Short-Term Policy: A short-term policy is for those people, who do not qualify to avail subsidies. In other words, people for whom it becomes ‘unaffordable’ to get health insurance are advised to choose this policy. Here the term ‘unaffordable’ is described as the cost that exceeds above 8% of an individual or a family’s annual income.

According to, Nate Purpura, the Vice President of Consumer Affairs (ehealth.com), individuals whose income ranges from $49,000 to $69,000 and families that earn somewhere between $99,000 and $129,000, are supposed to go for short-term policies.

Hence, if one finds it difficult to pay expensive premiums and avail health insurance, then going for the short-term policy is highly recommended. However, there are no penalties if one doesn’t wish to have any health insurance.

But, on a positive note, it is beneficial for the individuals themselves, if they have some financial protection that will be of benefit in unfriendly circumstances.

Here are a few noteworthy details about short-term policies:

These policies usually last up to 3 months and can be extended till 9 months (in 3-month period renewal).
According to the new rules proposed by President Trump, having a short-term policy will be mandatory for all individuals. However, this rule has not yet been passed, but will soon be in effect.
These policies do not provide coverage for pre-existing illnesses, i.e. diseases that one is suffering from, before applying for the policy.
If at all one wishes to include such pre-existing illnesses in the coverage plan, then the premiums will increase substantially.
Unlike Obamacare schemes, short-term policies will not cover charges for maternal care, injuries due to abuse, and mental health treatment.
On having a short-term policy, one can avail of decent health care facilities at about $100 premium a month.

On an overall basis, despite the low coverage options it provides, those who are looking for cheap health insurance for individual or cheap health insurance for families can avail great benefits from this policy.

2. Combined Policy or Combo of Policies:

Traditional policies or in other words plans with higher premiums will provide coverage for all the expensive hospital bills in case of risky illnesses or accidents. Whereas, choosing short-term plans will simply cover the normal doctor visits.

But if one wishes to avail the benefits of both the policies, i.e. get coverage for risky illnesses as well as for normal or routine sickness (like a cough, cold, fever), then insurance companies these days are offering combo packages.

In the recent past, people used to apply for both policies separately in order to avail coverage in both cases. This was getting difficult for the insurers to calculate different percentages and amounts; hence the plan for combo policies came up, allowing people to avail both benefits within a single policy. However, as evident as it seems, going for these policies will definitely cause one to pay premiums higher than usual.

So a gist of all the above-discussed points is that one should not always get attracted by offers that merely advertise of providing cheap health insurance for individuals, instead one should look for the quality of the coverage they provide for the cheap insurance rates.

Shopping for health insurance also requires thorough research and study, just like any other insurance policy. Since this is an issue concerning one’s health; it is nowhere worthy to just be worried about money. Quality service always comes at pay hence one should be wise enough to search for policies that provide affordable and quality health insurance plans.

por etnpool

Abr 27,2021

What is forex?

The foreign exchange market, also called Forex (short for Foreign Exchange) is the largest market in the world. Contrary to stock markets, which have a precise geographical location, there is just one single exchange market. Currency transactions are made over the counter in Paris as well as in London, New York or Tokyo. Because of the time differences between different financial centres, the currency exchange market operates continuously, 24-hours-a-day, from Sunday evening to Friday evening. This way, it is always possible for an operator to buy euros, dollars or any other currency at any time.

What are the advantages of trading in forex?

The foreign exchange market presents several unique advantages that make it a particularly attractive market for any investors seeking to boost the performance of their financial asset portfolios.

Smaller charges. The only charges applied are related to the “spread”, meaning the difference between the purchase price and the sales price.
Earning opportunities in case of increases as well as decreases.
A very liquid market, open 24-hours-a-day: with an average volume of almost 3,500 billion dollars per day, Forex is the most liquid market in the world.
A safe market: Because of the significance of the volume exchanged and the non-centralized nature of Forex, there is almost no risk of harmful effects stemming from the internal organization of this market. An isolated player cannot control prices by itself over the long term.
The use of accessible tools: Brokers provide trading platforms that are increasingly accessible and professional.
The existence of mini-accounts: a good solution to test your capacity to manage fluctuations in the currency exchange market, as well as to define your own management rules.
A significant leverage effect.
A market accessible to everyone: Because its way of trading and the use of new-generation online platforms, Forex trading is really fun and intuitive.

How to choose a Forex broker

To choose a good broker, you need to consider several factors, namely:

The spread

Brokers fight a ferocious battle to offer their clients the tightest possible spreads, since they understand that this often represents a decisive element in the final decision of an individual investor. Spreads vary greatly between brokers and from one currency pair to another. They take into account the volatility of the cross handled and the remuneration margin of the market maker.
The spread considered most often is the one of the EUR/USD cross, the main pair handled by investors in Forex. It is rare to find serious brokers offering spreads lower than two pips on this pair. Therefore, be wary of promises of spreads of 1 pip or less since they often reveal great gaps in the guarantees of execution for your trades (non-instantaneous execution, increases in the range of the spread when the market turns more volatile, etc.) and in the safety of your deposits (no bank guarantees in case of bankruptcy).

Market maker or just a broker?

There are many ways to access the currency exchange market. Your broker will either be a market maker or use the platform and real-time prices of a market maker or a “no dealing desk” system. In itself, being a market maker or not is not necessarily a determining factor but if your broker is not a market maker this could prevent certain conflicts of interest.

The importance of your broker on the market

Because of the above, it is necessary to verify the importance of the market maker on the market. This is what will allow you to check the flow of the platform, its popularity among investors and, thus, the overall efficiency of the tool for your everyday trading.

Bank guarantees

Make sure that your broker provides you with solid bank guarantees. In October 2005, REFCO, the world leader in Forex at the time, took many of its clients down with it, with no compensation. However, markets are now better organized and regulated and market players are more solid.

The guarantee of spreads

When important financial figures are made public, prices can significantly evolve under the influence of speculation movements. Good opportunities for capital gains should then be seized. However, they could be reduced or even eliminated by a widening of spreads at that moment (this is known as slippage). Therefore, make sure that spreads are guaranteed by your broker, at least on major crosses, except for moments of very strong volatility.

The number of clients

It is always delicate to find out about a broker’s number of clients. However, this information can eventually allow you to verify their soundness. The only way of obtaining this information is to ask your broker directly.

Popularity in forums

It could prove interesting to browse through forums about Forex or on financial markets. There, you will always find testimonials by people who are already clients of certain brokers and you can then evaluate their degree of satisfaction.

Required minimum lot sizes

Generally speaking, there is no minimum transaction amount in Forex or, if it exists, it is very low. However, with certain brokers, you can only buy or sell currencies in lots of 50,000 or 100,000, which is not very flexible.

Support from your broker during your training

During your trial period, your broker will generally contact you by phone. This is an opportunity for you to ask all your questions and for your broker to teach you about the possibilities and the use of the platform, as well as to talk to you about the services and guarantees available to you. Generally, regular follow-up from your broker, free training to use the platform or the availability of sellers are positive signs about the seriousness of the broker.

The geographical location of your broker

It is important to know what country your broker is located in. If he is abroad, it is a good idea to establish a first contact by phone so you can make sure that there is at least one person who speaks your language.

Graphs and information in real time

Forex trading platforms are increasingly thorough. They allow you to trade currencies, study graphs with the help of technical indicators, discuss things directly with your broker, monitor updates continuously… you should look for many of these features during your trial period.

por etnpool

Abr 26,2021

Forex Profit Signals

What is Forex Trading:

Forex Trading is trading currencies from different countries against each other. Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among Forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

Actually Forex is the financial game between BULLS and BEARS.

The Major currencies pairs are:

EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
AUD/USD

And these are the 6 best Forex Markets.

What are Forex Signals?

Forex signals are indicators that let you know when it’s a good time to buy or sell a currency pair. They provide you with insight as to what’s going on in the Forex market without the necessity to monitor Forex trends throughout the day. If you are self-employed or employed by another company, Forex trading is likely a part-time endeavor for you. You won’t have time to sit at the computer and monitor the Forex market all day. Forex signals can be delivered to you throughout the day by professional Forex traders to give you a heads-up on what’s going on in the market. You can receive the signals, and then place the signals for buy or sell.

Forex signals are basically “suggested” buy and sell points with price targets and stop-loss levels delivered by fx signal providers to traders. They may be delivered by email, instant messenger, cellphone, live currency trading systems or direct to your Forex signal metatrader on your desktop.

Forex trading is a risky business and it takes some time to master the art of Forex trading signals. There are a number of fx signal providers but before you choose, you need to make sure you have done your homework. Always ask for the Free signals to deliver for 3 to 5 days and test those signals in your Demo Account.

The main characteristics of Forex trading signals to be aware of are as follows;

Cost: monthly subscription
Complexity: Simple “one email a day” OR Full-Service
Control: You keep full control OR the signal provider trades your a/c for you

Most Forex trade signals charge a very modest subscription fee, usually in the region of USD $80 – $400 per month.

If you’re new to Forex trading, you probably realize how important it is to make the right trading decisions. One wrong trading move can drastically harm your portfolio while a good move can bring tremendous profits. That’s why trading signals are so important. Once you’ve tried a Forex demo account for practice and created a strategy that works for you, you can add trading signal services as a useful tool in your Forex trading.

With online Forex, finding a trading signal service is easier than ever.

In their simplest form a Forex trading signal will send you a Forex alert email once a day listing trade set ups for the next 24 hours.

Some Forex signal providers offer a free trial service, thus allowing currency traders to sample the signals to assess their worth. This is a helpful step, as it allows the trader to consider the quality and reliability of the signals before paying money. This is a crucial element in the research process, and weeds out the providers who want money upfront as they are not confident in their ability to call profitable trades. This is a good service that you can try for free for 3 to 5 days.

Various fx signal providers offer a few complimentary services along with the featured ones. Look for a fx signal company that provides email support, phone assistance and even mentoring to their clients. This is of great value, especially to new traders.

They assign their time assisting traders in taking buy/sell decisions. Forex traders depend upon and trust the recommendations of these professional signal providers, while making investing decision in the Forex market

Forex signals are not meant to be a magic solution to all your Forex problems. They are designed to inform you about the market.

Forex business timing is extremely crucial; a trader can earn millions or lose even more depending upon the his timely or untimely actions. Besides, being the biggest market on the face of earth – it generates business activity of almost 3 trillion USD, it operates around the clock, all over the globe, making it thus impossible for a trader to stay vigilant all the time about market fluctuation and probable changes therein.

Therefore a trader needs alarms and indicators to get knowledge about the possible opportunities and probable pitch points. Hence the need for Forex signal or alerts. Basically Forex alert or signal is a communication or intimation to the trader indicating the ripe time to buy/sell and the suitable price to pay/ask. Most of the time, such signals and alerts are provided by trained professionals, either individual or companies.

When choosing a Forex signal service, be sure the company offers the type of signal alerts you need. Every person is different. Some require computer or email alerts, while others are not accurate Forex signals are made for both professional traders and although new traders.

The best Forex signals trading system is going to cover multiple situations on the Forex market.

For instance the best Forex trade signals is going to cover all major currencies like GBP, USD, and EUR at all times the market is open, not only for specific situation. Simply to get the full value of your Forex trade you must know what is happening in regards to all the major currencies. The Forex system should also be able to give you at least 1-3 Forex trading signal alerts a day.

Some Forex trading signals are high volume scalpers, calling many trades in a day aiming to profit a handful of pips on each. Others only call a few trades a day, aiming to profit 20 – 80 pips on each single trade.
Forex trading signal providers help you in minimizing risks or losses in trading.

Forex signals are generally given on a daily updated basis and all are contingent on factual market analysis and behavioral flow and not on mere hearsay and other speculations.

The signals are calculated and generated by using different indicators such as trends, moving average, Elliott waves, Bollinger bands, Fibonacci series, etc.

In spite of that, some uses strategies like:

Pip Maximizer Method 1
Pip Maximizer Method 2
Pip Reversal Method
Pip Divergence Method
Instant Pip Method
Pip Retracement Method
Quantum Pip Strategy

… to give profitable and accurate signals.

The following question I wish to raise, is the abundant selection of Forex signals from which we can choose. Because of the variety of service providers, they offer different services, of which we must be aware. The first type of Forex signal provider will just send out trade alerts by email, often daily, sometimes at several intervals throughout the day. Thus you need to have a laptop of email receiving device ready at all times, to gain the most from trading Forex signals.

The next type to consider are through EA/Expert Advisors. These types of signals are not good at all because those are the computer oriented programs which can ruin your money within a few trades. But fortunately this is not such a big problem today, as more traders have email reading devices.

The most crucial aspect concerning the format you receive the signals, is to ensure that you receive them immediately, and have the capability to act on them straight away – so you have to have immediate access to your Forex brokerage account, and place the trade as soon as you humanly can.

A unique benefit of trading Forex signals is that it gives guidance and discipline in a Forex currency trader.

Forex profit signals service providers send you alerts when the conditions are right for the trade. They use cutting-edge technology which constantly monitor all major currency pairs for generating technical indicators.

Forex signal generators produce Forex signals which are indicators of ideal trading opportunities. These are certain algorithmic patterns which have been evident in successful Forex trades throughout the years. These Forex signals are then fed onto the program of Forex automated EA or Expert Advisors.

This program will then either make Forex trading decisions for the individual while s/he is away from the computer or advice the individual about what to do. Forex EAs act like wizards which monitor currency ratings through online Forex Trading Platforms. One can look at Forex signals as triggers of commands which allow the automated system to function.

Forex signals can immeasurably add to the profits of a Forex trader.

How to Receive Forex Signals:

Forex signal services are available to provide signals to you around the clock. These services usually have professional Forex traders who monitor the market 24/7 and provide you with up-to-date information. These services often charge a monthly or yearly subscription fee for their services.

The methods used to deliver the Forex signals to you can vary from one service to the next. Signals can be sent through email alerts, to your phone or cell phone, through your pager, or even through a pop-up software system that will show a screen on your computer each time a signal is sent. The services also vary in how they present information to you. Some will provide live charts to give you more insight as to what as happening in the market.

Time frame for which the Forex trading signals are generated is equally important. Few trading signals can be valid only for a few minutes or an hour; others may have recommendations that are valid for a day or more. If the Forex trading signal providers generate signals for shorter time frame, you need to monitor the market frequently.

Some Forex signal service providers offer add-on services like email or mobile alerts. The service provider should have end-to-end technical support for the customers.

Even with experienced traders calling your trades, it’s prudent risk management to never ever risk more than 3% of your initial capital on any one trade, preferably only 1%. So, if for example your initial capital, (or to put it another way, the maximum you can afford to lose) is let’s say 5,000, the position size you take on each trade should be such that if the trade hit your stop loss, your maximum loss would be no more than 1% x 5,000 = 50.

Forex signal providers render Forex business quite a bit easy for traders, especially those who are relatively new in the business. Forex signal generation and provision can be either manual or automated and it provides entry/exit points of the trade streak for major or already chosen currency pairs.

In manual signal generation system a simple trade signal is provided by the single provider. In automated signal generation system, the Forex system not only intimates and alerts the trade to either enter or exit the trade, but some times makes the deal by operating in synchronization with the trader’s bank or broker.

Initially Forex signals and alerts used to come in the form of telephone calls and facsimiles. Now as we have stepped into the era of information revolution which has brought forth amazingly advanced digital technology, Forex signals and alerts generation and provision system has also advanced and become much more sophisticated and quick.

Now these alerts come in the form of e-mails, SMS (Short Message Service, a way of sending text messages to mobile devices), or desktop software. However with trading Forex signals, there is no such chance to over trade your account. It is absolutely possible to learn the mental aspects of trading, by following a set of rules, and not to deviate from those rules.

Many trading Forex signals provide you with a complete set of instructions in order to take the trade. Frequently the signal will have multiple exits, which enable a trader to take money off the table in small steps. So this enables the currency trader to input all of these prices into his trading platform when he gets the signals, and then to switch off the computer.

As for any purchase, it is essential that the Forex trader first does his research into the more effective trading Forex signal service for him or her.

This involves a lot of careful research, and reading various reviews and testimonials of the service in question. Before I go, in conclusion, the trader is strongly advised to practice using the trading Forex signals on a demo account first, so that the Forex trader can totally test out the profitability of the signals. This has an supplementary benefit for a complete new, as it will enable the currency trader to become familiar with the trading platform, and reduce the possibility of making any mistakes.

Whenever possible, go for a free demo account and then try your forex signals for a few days before becoming a paid member. Forex trading does involve some planning and strategy building so be prepared for a steep learning curve before trading with real money!
I’m going to start by telling you some cool facts about the FOREX market.

As you may already know, FOREX is the acronym for “The Foreign Exchange Market.” This market concerns itself with the buying and selling of the currencies of just about every country on earth. This market is BIG! So big, in fact, it’s hard to wrap your mind around the size of it.

Listen. The daily average volume of FOREX is:

Almost 5 TRILLION Dollars Per Day!

I’m going to try to bring that fact home for you: The New York Stock Exchange has a daily volume of approximately 50 billion dollars. That means the FOREX is 100 times larger than the NYSE

Actually, the daily volume of the FOREX is triple the size of all other investment markets combined!

In spite of its size, the FOREX does not have a physical location or a central exchange. It operates through an electronic network of people, banks and companies that specialize in trading one currency for another.

Almost all FOREX trades are executed on the internet by someone sitting at a computer with a high-speed connection. So, if you don’t like working with a computer you may as well stop reading… because… you will be left out.

Still with me? Good.

The Only 24 Hour Financial
Market In The Whole World
Because the FOREX does not have a physical location or a central exchange, it is able to operate on a 24 hour basis leapfrogging from one time zone to another across the major financial centers of the world.

The FOREX market actually follows the sun around the globe… because… as one country is closing for the day, another is just opening up. This market is open 24 hours a day, six days a week from 5:00 PM Sunday (East Coast Time) to 4:00 PM Friday (East Coast Time). This 24 hour access combined with its huge trading volume makes this…

The Most Liquid
Market On Earth!
Except for Saturdays, you can enter or exit the FOREX market anytime night or day. This market has virtually no gaps whatsoever and your stop-loss orders are almost guaranteed.

Can you imagine that? The multi-trillion dollar liquidity, combined with 24-hour trading access virtually guarantees your stop-loss orders will be executed without slippage.

Just try to get that kind of guarantee from your stockbroker!

The stock, futures and options markets cannot offer you this guarantee because the limited trading hours create frequent gap opens. Nearly all Forex brokers make sure their hours of operation coincide with the hours of operation of the global FOREX market.

Let’s see, what else?
Oh, yeah, no one can corner the market. The FOREX market is so huge and has so many global participants that no single individual nor entity… not even a central bank… can control the market for any significant period of time.

Plus,
There Is No Insider Trading!
Because of the vast size of the global FOREX market and its non-centralized nature, there is no chance whatsoever for disruptions caused by insider trading. There is less chance for fraud in the FOREX than in any other investment market. Best of all forex can never become zero but stocks can become zero and majority of the options expire worthless.

There are no commissions.

Yep, you read it right. No exchange fees, no closing fees, no government fees, no brokerage fees. This all adds up to a very low retail transaction cost. If you select your broker properly, your round-trip transaction cost could be as low as .07 percent.

And know this, a very desirable by-product of extremely high liquidity is almost instantaneous transactions executed with blinding speed. You can leverage your trades by a factor of 50 to 1, 100 to 1 and even 400 to 1.

Not only that, you can trade with a very low margin with relative safety compared to the disastrous potential of margin trading found in other financial markets. Also it is tax free income if the country you reside has no capital gain tax.

And finally, if you get really great at currency trading, your potential financial reward is so big it can make your head swim!

As an experienced researcher, my idea is to learn and share everything I can with my readers. Stay tuned for more business, travel and career ideas as I love to write about this subjects and more…

por etnpool

Abr 24,2021

Making Money Online With a Forex Trading System

In this article I will discuss making money online, Forex trading, and software related to Forex trading.

Both good and bad. As well as cover some other things. Though there are a lot of systems out there, more importantly scams, there’s not quite as many as there are online get rich quick schemes and ponzi schemes in general. There are still hundreds if not thousands of scams that directly relate to Forex Currency Trading.

These scams come in various forms but often get the record set straight on them quickly, however a few others somehow escape the negative publicity and go for years and hit unsuspecting profit seekers where it hurts the most daily.

The problem with Forex is that so much seems too good to be true, and a lot of stuff is, but it’s also true that many people have made millions and some aren’t really all that smart at it. You can profit from the right robot.

The first thing I would like to discuss is the topic of sales pages, that common pitch page that a lot of products use and you often think it’s gone too far or it must be a scam just by looking at it. But when you think real hard about it, over half the time this is not actually the case…

These sales pages are so long and packed with information since they are commonly advertised on the web and it is more or less business strategy, as opposed to anything reflecting the product. Certain vendors force you to use pitch pages, they need a specific landing page and it makes things much easier for sales transactions.

So rather than guide you through a structured web site with more details through various sections; they often use this pitch page and they generally pack it with information and a ton of hard selling.

This has proven to be the trend and it’s gotten harder and harder for some EAs to market their software without these types of pitch pages. It is often the case with digital products and or/stuff you can order online.

When it comes to these make-money-online and Forex sites they often have a lot of flash to them and obviously many things to draw customers in. In reality it’s not much different from any other form of advertising, most certainly not the likes of gambling, and so forth.

They need to have some sort of appeal and be competitive.

My conclusion is that even if it looks like it could be a scam, do your homework anyway and it may not be. It just depends. Some things are signs, but in my opinion web design and hard selling are not direct signs of a scam. Though in the Forex Market something to hope for would be charts and proof.

With regards to the surveys and other things, it amounts to filling out spam for pennies pretty much, data entry is the same and much more annoying than even the most desperate realize. It also makes you look bad if you tell your friends. You still have to spend time to make any real money, not prizes, and some also require a credit card number on file, and they text you and stuff too. Let’s be honest, it sucks.

It’s bottom of the barrel work that just isn’t worth it. It’s for the ultra-lazy. The kind of human being who for example might get scammed by a Forex system. Not a serious adult who is looking to profit from investment and extend their savings, along with make more money in general.

I once tried a clicking service just to see if I actually could make money, on the popular moneytec forum it was this highly suggested thing by a bunch of lazy work at home users, but I bought into it at the time, and, no joke I signed up and they told me it would be easy and they would make it easy to visit 1000 sites or whatever they have you visit for 15 cents.

So I clicked a link and it just starting loading every 2 seconds, it was awfully slow, I waited 15 minutes and that was only like 25 sites, i got a virus after, and i closed it fast. I abandoned the 15 cents for it and thought instantly that these poor souls who do this are a whole helluva lot more desperate than I am. I do not belong in these sort of slums of the internet. This is the first time I have ever written about it. Besides that several years ago before I started trading Forex I also wrote a few surveys and never got paid once.

I have marketed online to some success but mainly my success has been through Forex Trading.

That’s why I don’t need to work a real job and can sit around doing stuff like this all day. Publishing is very important to me. Once something you write online get’s indexed by a major search engine like Google, chances are that it will be there for a very long time. I find that important anyway…

There are other ways you can make money online without Forex Trading, though sadly it is often bottom of the barrel work; boring data entry, filling out surveys for pennies, to name a couple of the more common ones. If you’re into making web sites you may also advertise on one of your sites or a network of sites, and for that you need fresh content and you need to get traffic, which is way harder than one might think. You can sell products virtually as an affiliate, though you need to find your niche and work very hard at it, it becomes a time consuming job for some people and no matter what you’re likely to going to need to invest in something no matter what you do.

Whether it’s Forex, Web Design, Advertising or whatever it is or a combination of things, most importantly it takes time and ability to adapt your passion.

Though you still have much more freedom, affiliate marketing online is very crowded and has been for years. You can also use a revenue-share article and/or video submission service in hopes of being one of the few who can actually earn a living at it. Though that is not for everybody.

If you’ve got four young children and only have an extra hour or two a day to pull in some extra income you most likely don’t have time to play a Martha Stewart like figure. Most people don’t.

Forex Trading on the other hand is more convenient in the sense that it is an extremely profitable investment opportunity given the right expert adviser, to advise your trade and supply your signals, generally to guide you. That is option one.

You need a broker.

It’s way easier than you think and in the Forex industry not as big of a word as you might think, easy to get and you don’t gotta meet them in person or anything. It’s an online thing.

There are many options to trade Forex, one of the most common would be the use of automated Forex platforms and Forex robots, all automated Forex trading in general.

There is nothing wrong with it. This is where expert advisers come in, EAs for short. These are the Forex experts as I mentioned above who supply your trades and information to you.

They pretty much tell you what to do. Some are much better than others. Some are not out to supply signals at all and simply selling their software to make profit from that end.

Proper automated Forex software oftens runs on the metatrader 4 Forex trading platform, or at least the more popular ones do. Your EA software is like plug-in software for it. I’d actually be wrong to say all EAs use it, but many of the ones I have experience with use the Metatrader 4 Platform and I prefer it.

The other way to trade Forex is to study the market, find all the relevant information you need, take a very long time of a few months to several years to learn something, only to have it blow up as you were still too inexperienced to do something with your strategy when the market changed.

Strategy is a very important element of online Forex trading but not just having a strategy, it’s about having enough strategies and being able to adapt properly with the market.

This is why a lot of people fail without popular EAs, because the EA is usually a well experienced trader and your common trader can’t provide himself with signals even half as good and a lot less consistently. The well known EAs are usually like 15 year traders and so forth who studied the market like a school subject and make extra money on the side by selling there signals too you, or software which grants them.

A lot of Forex EAs today simply don’t have that sort strategy or ability to adapt with the market…

Thus not making them scams, but just not prepared for the long haul in general. I have a lot of experience with failed systems and systems that worked for just a little while. I have others that work to this day but I am always seeking new ones. I can review several including one I use now however that has already been done a few times over.

If you’re looking for the cross between really learning Forex and just really having to learn complicated signals and software I’d suggest Forex Fap Turbo.

The downside of this is you often need to buy extra stuff to learn it and some of it is useless. All of this for pretty decent software but it takes way more time and skill and not something I was happy with.

I requested and received my refund for the software and some other software related to it, as it was just not for me and the only people i heard reviewing and bragging about it were a lot more educated before they tried it than I was. I wasn’t ready then, am not ready now.

Though it’s a well reviewed Forex system and not a scam, I’d provide a link to a review but there is too many of the same, several are mere Forex advertisements so that’s not a lot of help. It also brings up a lot of the Fap Turbo related software that isn’t even the direct software and you gotta buy it separately.

So it’s a lot of hassle even more than some typical investments that aren’t related to Forex.

I have also tried automoney and several other Forex robots and automated Forex platforms. I have found that many of these automated Forex systems are a dime a dozen and send you through far too many loops to get the desired results. If they don’t eat your entire investment…

Some systems don’t have stops and you have to do too much manually, others are slow, and sometimes the EA is simply just not your sort of teacher and you get lost sometimes…

Some EAs will simply sniff you out and then screw you over in the end. This is why it’s important to watch for signs of proof either by service trial or physical proof before making your purchase of expensive Forex software.

I have also used Forex Assassin, the eToro Forex trading platform and Forex Harvester but nothing really significant has come up from any of those systems for me.

Some Forex marketers, EAs and employees in general and so forth are so vicious that they monitor new “Forex” related domain registrations and somehow get your email address and solicit you…

So you have to be aware that in the Forex market as far as Forex expert advisers go, there is a lot of them competing to get your money. You are merely seeking the ones who are also looking to have a solid reputation and actually provide you with profitable trades, your EAs #1 objective should be successfully trading Forex and not selling their software.

This is another thing that makes the simple “pitch page” easy for EAs with very little maintenance, on that end of things. The software should be and often is a side venture for Forex experts who can actually profit from their knowledge of the market and have the means to market themselves…

Can anybody create automated software and sell it? Probably not, I think it’s a bit of a stretch but then again it depends if you even get software, or whatever, most systems that are fully developed and have good features but don’t work – were more than likely meant to work at some point.

I have read up on quite a few of the most popular Forex review sites like Forex Peace Army and many other well known ones, and to me they all pretty much point towards the same complicated software and their voters are already experts investing 10s of thousands already and they barely feel some of their losses.

They switch around a lot; nothing turns out to be solid in the end. The reviews on sites like that most likely got started through advertising.

Too many people get to review their own systems on Forex sites like that, etc.

You never know who the reviewer is. Searching for automated Forex software reviews is almost impossible nowadays since they all say pretty much the same thing and are mostly positive…

I have read up on many “free Forex signal” reports on the web and I also participate actively on various Forex forums and other Forex related sites.

I often find with these particular free Forex signals at least my impression is that you get somebody looking to be a mentor of some sort for you, they are usually shady and turn out to be lacking when you need them the most. These guys are usually empty handed.

They are trying to freelance or whatever so that they can supply systems and build a name for themselves, but the problem is that these are the guys who after so many followers do create a commercial system and then ultimately end up failing, their the failed EA newbies to some extent and you want an EA who is an accomplished Forex expert.

One should consider it much better and safer to use an established system that is known to work, and not the work of an aspiring EA, or even worse, somebody who doesn’t have those credentials at all and are just trying to stuff their ego.

I have not enjoyed the free Forex signals and find it more like looting through them then finding anything really that productive, not much is there or else all Forex signals would have to be free and would be for everybody, all the best Forex signals would be free.

At least that is my concept. I don’t want a rookie EA telling me what to do, since the trend in the Forex market nowadays is most definitely for more popular and well established EAs to sell systems, mostly automated software.

That is one thing I don’t understand, who these people are that clog up the forums with nonsense and think they can compete in the market with actual successful Forex EAs who really know how to trade.

How much you want to trade really depends on you. If you’re a Forex starter you need to have a good EA for starters, and while I can’t hand pick one for you, I can provide at least one review since I have spent time on the subject, in this article off-site to an excellent EA which i have tried and complies with several of my standards.

I feel it is an excellent resource for people like me at least who gets lost on the big stuff. There are many fish in the sea.

por etnpool

Abr 23,2021

Learning to Trade Forex in Seven Steps

If you are interested in learning to trade forex successfully, then the most common path for an aspiring trader these days is to search the Internet for information to apply immediately to their live forex trading account. The problem is that their search often leads them to destinations where there are plenty of false promises, bad ideas, negativity and an obsession with indicators. Many of the EBooks on sale today are filled with recycled concepts or incomplete strategies which the authors themselves do not use. Many authors do not earn money from forex trading but they earn their living by selling these EBooks to the novice forex trader.

This easy access to forex guru’s who fuel the idea that forex trading is the holy grail of easy money, then financially feed off those same people they have sold this idea to. At the end of the day what many of these forex guru’s sell is a gross misrepresentation of what it takes to trade forex for a living.

Forex Trading is not easy.

You can become a good forex trader though dedication and by treating forex trading as you would any other skill. The reality is that it is hard work and must be treated with the same amount of seriousness as you would any other career.

The effect of all these gurus is that many forex traders start off overly optimistic with unrealistic goals. Whilst there is nothing wrong with a positive mental attitude but this positivity must be built on strong foundations and realistic expectations.

New forex traders normally start their career by purchasing some secret set of indicators and they are quickly punished for their naivety. Many of these forex traders then purchase a different set of secret indicators until they become disillusioned and then quit trading.

In fact, many forex traders that are now successful went through this learning process, including myself. This is only a problem if you refuse to learn from your mistakes. You need to break from this cycle of reliance on secret indicators and guru methods to be successful.

You help yourself in the beginning; by learning to think for yourself and understanding that whilst anyone can trade forex, to be successful, you must learn to BE a forex trader.

To BE A Forex Trader

To trade forex is easy, all you need is a forex trading account with money in it and then you enter the foreign exchange market and start trading.

To be a forex trader is more work. You need to grow from the starting point of having very little knowledge to the stage where you have a trading plan, understand the concepts and behaviour of the forex market and be able to trade with a cool head and understand that wins and losses are all part of being a Forex Trader.

Learning How to Trade Forex by thinking like a Forex Trader in Seven Steps.

1. Understand your place in the Forex Market

This is very important you must understand that you are very small fish in a big ocean.

In the Foreign Exchange Market the majority of the liquidity is coming from big banks and experienced institutional traders. These are the big fish. The big fish will happily enjoy you as a little snack.

You are only fooling yourself if you think it will be easy to take money off these big forex traders.

You have to learn to swim alongside these big fish and catch the same currents they do. Swimming against them just marks you as prey and sooner or later you will be eaten.

2. Learn to read the Forex Charts and Understand the Foreign Exchange Market.

Many novice forex traders believe that these big forex traders have access to some secret forex trading strategy or use a secret set of indicators, but the truth is this is just not the case.

These major forex players are using simple, but proven technical analysis techniques – most commonly horizontal support/resistance, identification of trading ranges, Fibonacci these are then coupled with fundamental themes.

Begin by accepting that the other major participants are highly experienced in the market and they make money because of experience and by a complete understanding of the core skills and not because they hold a holy grail of secret indicators.

3. Money Management

It is crucial that you understand as a novice forex trader the emphasis is not on how much you can make from forex trading but on how you manage what you have.

This is the most common downfall of all novice traders. It is common place to see a starting trader risk the majority of their account on one or two positions.

This style of trading is not sustainable and professional traders do not trade in this manner. Everyone sometime in their career will have a string of bad trades. A typical number might be 10 losing trades in a row. The question is do you have a money management plan in place that enables you to survive this?

4. Focus on the Market

Many novice forex traders open their forex charting software and activate their latest hot indicator or tool and proceed to place their trades as per the tools recommendations. This style of forex trading is unlikely to have much long term success.

When these indicators fail to generate the required profits then these traders then move rapidly on to another set of indicators.

You must focus on the forex market and understand what the indicators are telling you so that you can pick the forex trades which have the best probability of being winners.

Successful forex traders use indicators and tools as Fibonacci, Pivot points, price channels, MACD, RSI etc. These tools by themselves do not make a successful trader. There are many successful traders and unsuccessful traders who use the exact same indicators.

The key is that successful traders understands how the market behaves around the indicators and understands what the signals actually mean.

The best way to achieve this is to stop swapping between tools and select those that compliment your trading plan, understand how they work, and then spend time in the market experiencing them.

5. Plan your trade and trade your plan.

This is a common saying that seems to get lost on novice traders. It should be every trader’s goal to make pips on each forex trade as per their trading plan. Forex Traders must treat each trade as a business decision by calculating their risk and defining their entries and exits points, those that do not open themselves to big losses when a trade goes bad.

Many novice traders seem to lack the discipline to follow a plan for each trade. So what happens is typically the following; a novice trader will see a potential set-up, they decide on some arbitrary sum to buy or sell with a quick guesstimate, then place the trade without analyzing any risk and having an exit strategy.

Of course this way of trading can be profitable over the short term, more down to luck than skill. But eventually the luck runs out and the trader is caught napping and a common result is a wiped out account.

The first question novice traders tend to ask themselves how much will I make on this forex trade?
The first question experience traders tend to ask themselves is how much is my potential loss / risk?

6. Your mind is your strongest asset and weakest link.

Entire books have been dedicated to the subject of psychology and its role in trading. That doesn’t mean they are all going to help you, but you should take this as a sign that the subject is not to be ignored.

First you must understand the role psychology plays in trading. You must learn to understand your personality traits and how they might affect your trading style.

A trader I know is a bad loser and when he has a bad trade, he had a habit of going straight back and trying to win those pips back with even worse results. But he understands this as a weakness and when he has a bad trade, he takes a break of 20 minutes before he goes back to trading so that his emotions do not affect his trading decisions.

Second you must make it your aim to never stop learning. You cannot get yourself to a certain level and then become complacent. Every day is a learning experience in some way or other and you must be prepared to learn lessons and invest time in improving your skills and experience. The day you stop learning is the day you should stop trading.

7. Understand The Forex Market is always right or Expect the Unexpected.

The forex market is an interesting place, but there is one thing every trader needs to learn. Always expect the unexpected and do not get wrapped up in past successes. No matter what your charts or indicators tell you; sometimes the forex market will just do the opposite.

Whatever happens in the market you must maintain an objective outlook on your strategy and the forex market and ensure that bubbles and crashes do not derail you in the long term.

By following these steps and learning to become a forex trader rather than just trading the forex market, you will put you on the path to ultimate success as a profitable forex trader. This is something that 90% of all novice traders fail to achieve.

por etnpool

Abr 22,2021

How To Get Started With Forex The Real Way

If you ever wanted to trade Forex, you may have read up and gained an understanding on how it works but not how to get started. Reading books can give you the knowledge of what Forex trading is but not necessarily what it takes to become a Forex trader.

Here you will find five helpful points to consider and become familiar with to get you started trading Forex.

1. Understanding Forex Trading

You obviously must understand what Forex trading is and how it works. In the least, you need a basic understanding of what is going on, when to buy and sell, what the terms mean, and the various trading strategies available to you. You can get started trading Forex in under a day, but without a plan or knowledge on how it works, you set yourself up to fail.

There are numerous methods to learning Forex trading; you can read books, take online courses, or join a membership community of experts to get real-time answers. But pay attention to the information you consume:

· Be wary of sources that make income claims or say you can quit your day job and never have to work again due to the miracles of Forex. You don’t want a gimmick education. Fads don’t last as long as real preparedness and strategy.

· Book sources should be recognized authors and experts in the field of Forex. There are plenty of reliable sources; do your research to vet which authors are worth reading.

Online courses offer another avenue for learning Forex trading, but nothing beats experience and the ability to speak with like-minded traders who started out just like you. You can’t ask questions or throw ideas at books and online courses hoping for answers or feedback like you can in a global community of Forex traders.

What if there was a place that can help accelerate your learning with its suite of community-backed questions and forum posts, daily live streams where you can get real-time answers, strategies, indicators and trade signals. We have a global community of Forex traders and other learners who have started trading that can give you insight and answers to many Forex questions you might have. Real life people giving hands-on advice can be helpful when you want to find answers right away. We also have a Trade Academy where you can access hundreds of educational Forex videos anytime you want.

2. Strategy Development

You should never start a new financial adventure without a plan. Once you understand the basics and terminologies of Forex, you should make a strategy. A Forex trading strategy outlines what your intents are with your trades: when you will buy or sell and trigger points, for example.

When you first enter Forex trading, you should use the K.I.S.S. (Keep It Simple Stupid) system; do not get overly complex right away. Experience is the best education; get some trading under your belt first. Your strategy should be basic to begin with and can develop into something more complex over time.

There is no perfect strategy; when you develop yours, you must consider this fact and expect some losses but be prepared for them. With experience you will be able to evaluate your strategy and know what has worked in the past in order to adjust it.

The best practice you can learn is backtesting your strategy. Backtesting will not only help you confirm your strategy is worth implementing, but it can also give you the confidence to start with live money sooner.

Demo accounts you can do backtests on, but to get the best use, you must not waiver from your strategy outlines. A demo account is a great place to start because you don’t have to risk your own money right away. The downside is people lose interest too quickly because the perceived return is not available; but part of learning is hands-on training. You need to pay attention to price movements and how they play against your strategy. Once you have proven to yourself that your strategy is viable, you can transition into real trading.

3. Get a Broker

When you start trading Forex for real, you need someone to execute the trades on your behalf, or what is known as a broker. There are countless brokers to choose from so you will want to do your research and confirm some information before starting with the first result that appears in your search engine results. Some things to consider:

· Extreme Leverage: Avoid brokers who will offer large percentages of profit returns for your investment; they know the higher margin prospects are more likely to draw you in, but they never tell you how unlikely it is you will ever see those margins. The broker gets his pay, but you end up losing money.

· Commissions: Always know what commission your potential broker expects; some will charge extreme amounts.

· Spread: A decent broker will offer a tight spread; this means the difference between the buying and selling price is low which makes the cost to trade low.

· Location: Depending on location, verify the broker you like is regulated by a certain jurisdiction.

· Customer Service: Your broker is going to be handling large amounts of your money and making trades on your behalf; it is important that they are relatable, available, and reliable. A good broker will provide a speedy deposit and withdrawal when you need it.

4. Low Leverage

Leverage is money you borrow from your broker to increase your trading position. As a beginner, you should start out with a low leverage so you get the experience of a live trade with wins and losses without having to consider what you made overall. It helps you get your feet wet and avoid unnecessarily high risks.

5. Write a Plan

Your work and experience are a waste of time if you don’t have a written plan to track, replicate, and alter based on your results. Your plan should include a list of all your trades. You can keep a physical plan or a digital one, but it should be handy.

One challenge I like to encourage beginners to try is the 25 trade challenge. You take your simple strategy and apply it to 25 trades without faltering from your plan. Your strategy should be one that you think is ready to go live; it should include when you are going to buy and sell, when to take profit, when you are stopped, and how to manage risk. Win or lose, you should execute your strategy the same way for 25 trades. Many fail because they deviate from their plan.

One important fact to remember is we all make a losing trade, but it isn’t a waste of time or money; the knowledge you gain is worth the loss if you keep your loss prospects low. You should have an understanding as to why it lost so you can adjust for it in later trades. If you quit prematurely or ignore your losses’ learning opportunities, you could lose more than you wanted or even should have.

If you struggle with getting started, take each point a step at a time; don’t move to the next point until you have built a foundation from the previous step. These are sound strategies that will help you get started with Forex trading.

por etnpool

Abr 16,2021

4 Tips To Get The Best Deal On A Car Loan

Nowadays, an increasing number of US residents have been struggling to pay their monthly installments on car loans. While the numbers are low, they are increasing at a fast pace. However, the loan applicants have been experiencing a lot of problems as far as making monthly payments is concerned. This is happening more since the Great Recession.

As a car buyer, you may want to make sure that you can afford the loan. The car should be something that you can easily afford, and it should also meet your budget. This will keep you out of trouble in most cases. If you want to get the best deal, we suggest that you follow the 5 tips given below.

1. Check your credit reports

First of all, you should get your credit report from the three agencies: TransUnion, Equifax and Experian. Actually, you should check the three of them since you have no idea which one your desired lender is going to use. Moreover, this will also give you enough time to correct your mistakes.

Aside from this, you should check your credit rating because your credit rating will be used to set the rate of interest. If you have good credit rating, you will be able to get a loan at a considerably lower rate of interest and vice versa.

2. Shop around

We suggest that you shop around when looking for the best deal. In the same way, you should look for the best deal as far as applying for a loan is concerned. The majority of people don’t do it. Most of them don’t do their homework before going to a dealer.

According to the Center for Responsible Lending, 80% car buyers make their financing decision at the dealership. Probably it is the convenience or the attraction of the ads offering low rates of interest. Keep in mind that you can get the lowest rate of interest only if you have very good credit scores.

If you want to get started, we suggest that you get in touch with community banks and credit unions. Usually, they offer the lowest rates of interest on car loans.

3. The shortest loan

Since the prices of cars have gone up, the car loans are being granted on higher interest rates so that the total amount of the car could be paid in lowest monthly installments. So, nowadays, you can finance your car for up to 9 years. The monthly payments will come down with an increase in the number of installments.

Here is the catch: if you choose a higher rate of interest and you decide to make payments for, say, 5 years, you will be paying more for the car in the long run than if you had chosen a shorter payment period. So, you should choose a shorter period for payments as this will help you get out of the loan faster.

4. The monthly payment

Some people assume that they are good to go as long as they afford to make the monthly payments, but this is not a good assumption. As a matter of fact, this is a terrible mistake.

So, before you apply for a car loan, make sure you keep these 4 factors in mind.

por etnpool

Abr 12,2021

Attention Bad Credit Car Buyers! Here’s How You Can Get an Auto Loan!

Buying a car is everyone’s sweetest dream. But for bad credit car buyers, the auto financing part is more of a nightmare. Bad credit might have occurred due to a variety of reasons. Late payments, missed payments and past financial behavior may lead to a poor credit score.

But fret not. Bad credit individuals can avail an auto loan, although a little hard work is required. Applying for a loan involves many factors which finally lead to a ‘yes’ from the lender. Understanding the different factors of a bad credit auto loan will help you to get a grip on your current situation and throw light on areas that need your attention.

Important Factors to consider for a Bad Credit Auto Loan

The following factors are of prime importance in the process of getting loan approval.

1. Credit Score

Checking your credit score before applying for car financing is a wise decision. If you suffer from bad credit, you should check your credit score a couple of months before you start car shopping. This will ensure that you have enough time to rebuild it. A few ways to improve your score include reducing your debt to income ratio, clearing old debts and checking for any fallacies in the report. While lenders judge your creditworthiness primarily through your credit score, do not worry about your bad credit. Your focus should be on improving it. You must also consider other factors that will help you get a loan.

2. Down Payment

Another factor in getting an auto loan with bad credit is the down payment. Car buyers with a bad credit history and limited time to rebuild credit scores should be prepared to put a hefty amount of money down. With a big down payment amount, you borrow less. This will eventually lead to more savings. Without a down payment, the dealer will narrow down the car options available to you and your financing options will also be limited. This is because the lender will consider you a risky buyer. Therefore, making a down payment can instill a sense of creditworthiness in the lender and you can avail such a loan easily.

3. Apply for a Pre-approved Auto Loan

A pre-approved auto loan is an easy way to have an upper limit of the car that you wish to purchase. Additionally, a pre-approved car loan helps you to be prepared for the automobile purchasing process. The process helps you to understand the amount that you can qualify for a car loan depending on your credit score, income and expenses. Thinking one step ahead and submitting your documentation in advance for a pre-approved auto loan will help you to identify any fallacies and save you a lot of time in case you have to apply for a loan again.

Do Not Limit Yourself to the Credit Score

Credit scores make an important component of the auto loan process. However, it is not the only way to obtain financing for a new car. While a bad credit history may be difficult to erase, you can start by following the above-mentioned steps and work on getting auto loan approval easily. Remember to focus on different aspects of the deal and you will get approved at the click of a mouse.

por etnpool

Abr 4,2021

Would You Benefit From Making Early Payments on Your Auto Loan?

Monthly payments make up an important element of the auto loan. The amount of money that you will pay each month depends on a number of things; such as the money you put down, the value of the car, loan term, your current income and credit score, etc.

Many times people wish to repay their auto loan earlier than their term or wish to get the loan refinanced. Understanding the effect of paying your loan early vis-à-vis making timely payments can help you in making a well-informed decision.

Pay Early or Pay on Time: The Auto Loan Question

· Are you interested in making Early Payments?

You know you are a financially adept individual when you think about paying your auto loan early rather than spending the money on frivolous things. The following pros and cons of prepayment will take you one step closer in making the right decision.

Pros: The reduction in the interest amount can help you save a great deal of money. Paying off your auto loan early gives you the financial freedom to use that money elsewhere. Secondly, if you are going to receive a large sum of money in the near future, it is wise to prepay your loan instead of spending it elsewhere. It will make your debt-free early and allow you to live a tension-free life.

Cons: Timely auto loan payments mean that you have planned your finances in an efficient way. If you repay your loan all at once, it may project that you are unable to manage your credit. Remember prepayment of your auto loan will not hurt your credit score, however, it will not improve the score either.

· Do you believe Timely Payments are a Good Choice in the Long Run?

Small payments made every month can surely have a positive impact on your credit rating. The following pros and cons will help you clarify the advantages and disadvantages of timely payments.

Pros: Timely payments made every month are certain to keep your credit score in check. Many times people may forget to make the payments on time. However, automatic bank payments can help you to keep your payments regular. A shorter loan term with timely payments will help you in obtaining lower interest rates and an overall cheaper auto loan deal in the future.

Cons: An automatic timely payment means that you will have to maintain a certain balance in your bank account, which may temporarily block your finances. A certain amount of your income gets allocated to the monthly payment. Compared to a prepayment strategy, timely monthly payments carry less financial freedom.

Your Auto Loan Payment Schedule: What is Best for you?

Income is an important element that decides which option you should choose between paying your auto loan early and making timely payments. If your monthly payment is manageable and your income supports the loan, you should opt for timely payments. However, if your income source is unstable and you require a car on an immediate basis, you should opt to make a prepayment of your entire loan. On the basis of your financial situation and circumstances, make the wiser choice.

por etnpool

Mar 25,2021

How to Win the Financial Battle Vs Your Automobile

Think in the Long Term (for Models)

Buy the car you want – but only after it is at least two years old, and three would be better. By doing this, you automatically save hundreds of thousands of dollars over your lifetime.

When I was 23, I wanted to buy a nice four-door sedan, and I was drawn to the Cadillac STS. The new model had a base price of more $50,000, and with any kind of little extras the sticker was almost $55,000. I was doing very well at a young age, but I wasn’t doing that well to blow 50 grand on a new car.

I was thumbing through my local paper (yes, this was before the Internet changed everything) and saw an ad for a 2½ year old Cadillac STS for $19,500. The car had less than 40,000 miles on it and came with an extended warranty to 90,000 miles. It was gorgeous, shiny and just serviced.

It was an attractive price since the first owner was eating the depreciation.

According to the average car will lose 11 percent of its value the second you roll it off the lot and an additional 15 percent to 20 percent the first year you own it. The second-year depreciation (loss) is another 15 percent, for a loss of at least 45 percent over the first two years.

Depreciation is usually calculated off of the base price, not the extras. This could be the sport package that raises the price $10,000 but only gives you $2,000 back after the first year or two. So it’s quite possible to find beautiful cars with manufacturer warranties still in place and pay 35 percent to 50 percent less than the first owner did when purchased new.

I drove that car for four years, had very few out-of-pocket repairs, and sold it for $3,500.

So what kind of deal could you get today? When I was young, one of the dream cars was a Ferrari Testarossa, and its price was around $200,000. You can buy one now for around $50,000, and most don’t have that many miles on them because they’re babied by the owners.

Think in the Short Term (for Loans)

If you finance your auto purchase, you can save a lot of money by keeping the term to no more than 36 months. This builds equity in the car faster and saves on interest.

This might be difficult because the monthly payment is higher than if you finance over six years, and it’s higher than a monthly lease. If you finance $25,000 at 5 percent interest for three years, your monthly payment will be $749.27, and your total payout will be $26,974. If you extend that loan out to six years, your monthly payment drops to $402.62, but your total payout rises to $28,989. That’s $2,015 more out of your pocket to own the car.

Assuming you buy the car with a small down payment, by financing it for six years, your loan pay-down is going at a much slower pace than the depreciation on the vehicle, creating an “underwater” situation on the car almost from the get-go. During the three-year program, you’re paying down the car faster than it’s depreciating, giving you options if you have to sell the vehicle.

If you truly can’t afford that three-year payment, take out a five-year option and send a little extra every month toward the principal to pay it off sooner.

Leasing a newer model looks attractive because the monthly payment is less, but you might not want to do that. I’ll explain why next post, when I offer several other ways to save loads of money when purchasing an automobile.

Believe it or not you might be better off buying your own car rather than funding your 401k or IRA!

por etnpool

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