Why Is It So Important To Get A Mentor And Community When Trading Forex?

In this article I am going to tell you from my experience, why is it so crucial to have a FX mentor when starting to trade the currency market for real.

First though, why would you want to trade the FX market for the first place? Well, have you lost your job recently? Want to get out of debt? Do you hate your existing job? Or you dont want to work forever? I could have answered YES to all these situations, not so long ago.

Or maybe you want to make money when you retire and do not want to depend on social security? Want to make money to help with tuition fees or for extra money while you go to school?

If your goal is to grow your capital for longterm profitability then FX is a very good opportunity with much better and stable longterm rewards (though risky) when compared, for example, to stock trading.

So lets get back to the original question, which is why do we must have a FX mentor. Read more

The Good And Bad Sides Of Debt Consolidation

The Good And Bad Sides Of Debt Consolidation

Many debtors are considering debt consolidation as the silver lining in the low financial state they are currently experiencing. It does seem like a quick fix in solving multiple debts, but a deeper understanding will aid those who are contemplating on consolidating their loans.

Advantages

Convenience of Making a Single Monthly Payment.

With multiple debts, you are faced with several payment dates every month. Read more

Points To Consider Before Going For Foreign Exchange

Foreign exchange is a process wherein you convert one form of currency into another. There may be different reasons as to why you will have to convert your funds into a foreign one, some of which include travelling abroad, studies, or even remitting to family home. However, before you begin your forex process there are certain factors you must consider. Let us take a look at them to know more.

Understand the basics of the forex process.

First timers who are planning to exchange currency must first be very careful with what they do. Read more

What Contractors Should Look For in an Accountant

What Contractors Should Look For in an Accountant

All businesses need to make sure that they have someone looking after their financial affairs, small businesses especially tend to depend on the help and advice of their accountant quite heavily, often using him as a sort of unofficial Finance Director, but when it comes to the sole contractor, often trading as a Limited Company without the support of a team of colleagues to turn to, the role of their accountant becomes even more vital. Read more

What Your Top Line Can Tell You

What Your Top Line Can Tell You

In Corporate America we have learned that the bottom line is what matters. The first instinct of many business owners when they receive their financial statements is to look at their bottom line, their profit. But what information can your top line, your sales figures, give you?

Paul J. Lim states in Why Sales Matter More Than Profits, “Forget that profits can always be touched up to make things appear brighter than they really are. Read more

What Are Accountancy Services?

What Are Accountancy Services?

When you talk about accountancy you need to understand that it is the communication of financial important information. This financial information is very important and beneficial for people managing businesses, managers of big businesses and shareholders and without access to such information they would not be able to make any firm decisions about their business. Accountancy services include the financial information in the form of statements that show the amount of financial resources that are available. Read more