Android Trading – XTrade Informational

Be thankful for the digital age. We no longer need to be confined to our laptop’s or PC’s to become online traders. XTrade, like many other cutting edge online trading platforms, now make full use of the Android app market. By offering mobile apps to their clients, platforms open up a whole new world, that allows traders quick and easily access the Forex and commodities market. Trades can be placed and managed on the go through a simple, intuitive interface, which are designed from the ground up to function beautifully on android devices.

From its conception, the Android phone was designed for multiple functions and is widely known for being user friendly. It didn’t take long before online trading platforms such as XTrade saw the potential and took full advantage of this sophisticated device.

Why should you download Trading apps?

Primarily I would say for the ease of access. Whether you are constantly on the go, or have multiple financial interests to manage throughout the day; a trading app is the perfect financial instrument for you. Downloading is simple and logging in just as easy as you are used to online. Once you have your app, I doubt you will be able to work without it. Pretty soon you will find yourself casually looking over the live charts, researching trends and even keeping track of your own trading history. Within minutes you will be choosing your investments, as you sip your Americano.

All apps can be quickly and easily downloaded directly from the app store, and offer professional trading functionality with a simple user-friendly interface.

Using a trading app is just like using a traditional online trading platform. You get the same features, tools and information. You will find that security and speedy access to international markets is guaranteed.

Take XTrade’s app for example. It offers all of the conventional tools, with an easy to use interface:

  • Trade CFDs on the world’s most popular financial instruments.
  • Fast and efficient CFD trading.
  • Get access to real-time market quotes including: popular stocks, indexes, forex pairs, and commodities such as gold and oil.
  • Buy and Sell CFDs online: stocks, NASDAQ shares, NYSE and many more stock exchanges.
  • Open and close positions, set limits to protect your investment.
  • View your balance, equity and margin.
  • First class multi language support.
  • Live charts & signals
  • Fund your account by credit card or wire transfer.
  • Fully licensed and regulated broker.
  • Award-winning trading platform.

There are hundreds of such examples out there, all offering similar features. It is advised that you do your research before committing to any trading platform.

Points that you should always look for in trading platform are

  • A wide variety of trading options
  • Live charts
  • Fast trading
  • User-friendly Interface
  • Automatic trading
  • Security of data
The bottom line is that Android trading apps are suitable for all traders. From absolute novices that want to start learning to trade CFD’s through XTrade to experts who need to keep on top of all the financial news and make quick trades. My advice is that trading apps are essential for efficient trading anytime, anywhere.  Whether you are new and looking into the world of trading, or you are an experienced trader – download that app now, and you will see the difference for yourselves.

How To Plan For Your Financial Life And The Stages That Follow

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Once you recognise the ever changing reality of your financial circumstances you will begin to see the need for effective planning and strategy. We are directly affected by fluctuations in the economy as well as financial markets. In a similar manner, your own personal financial needs never remain constant. They are also prone to change many times throughout the stages of adulthood. The good news is that it is probably simpler to determine how your financial needs will change than it is to predict the future of financial markets.

”Having a financial game plan makes you focus on the way you use your money and helps lay the groundwork for a bright future. This might seem daunting at first, but if you manage to work your plan, the rewards far out way the effort.

Your financial life as an adult typically comprises three distinct stages. And with these come changes in the levels of personal income you are able to enjoy, and the added responsibilities that life will throw at you. You will no doubt have increased financial concerns as you age from taking care of a family to eventually worrying about retirement. Fortunately, the patterns are fairly consistent and these are stages we all have to go through.

The first stage is when you are a young adult entering the working world for the first time. Depending on your earnings you need to establish good habits with regards to spending and saving. Decide early on to be a wise spender. Start a monthly budget so you can learn to control your money. If you have to borrow money always give preference to purchases which have long term value instead of just short term enjoyment.

Saving should begin as soon as you earn your first pay cheque and then continue for the rest of your life. Usually, the tendency is to celebrate your earnings by spending on entertainment and luxuries. Sadly in South Africa, even employees at advanced stages of their lives struggle to keep aside money on a monthly basis. If you’re just starting out now is the best time to commit to healthy financial habits.

The second phase of your financial life is known as your prime earning years. This is when you find that your career starts to grow and your earnings increase correspondingly. But at the same time, you have increased expenses. You are also probably looking at owning a decent house and car, or settling down to marry. All of these things have direct financial implications. During this stage, your need to save money goes even higher because you have to consider your family in addition to yourself.

You will probably have to save money for your child’s education while your personal retirement planning should be well underway. This is also the stage where you should seriously consider investing portions of your savings so you can build assets for the future. The need for protection for you and your family also increases so be sure to have insurance products that meet your requirements.

The third stage actually begins shortly before you are near retirement. Your needs for healthcare are likely to go up and this is easily taken care of if you had implemented a medical aid or insurance plan in earlier years. The cost of healthcare is always on the rise so make sure you are covered during the time you will need it most.

Though you are free from the working world you will still have investments to look after. This is the time when you get to reap the benefits of passive and residual income especially if you started investing as early as possible. Your retirement should be a time when you can finally kick back, relax, and enjoy well deserve special times with your growing family.

Making quick bucks with binary options trading

Binary options are becoming lucrative trading options for a lot of traders these days. If you too are looking for some quick, yet effective ways to make profits from your trading opportunities, then here is a guide which will come across as effective for you.

  • Early Close Feature: Ideally, many traders contemplate whether to stick on till the end of the day to close the deal, or to withdraw early and close at a profit. Since there is always a risk of holding on to the investment for too long, chances are that it might end up in a loss. If you feel that the stakes are in your favor, you should fold and close the deal on a profit, by putting in the papers earlier than usual. Consult your broker and take a decision accordingly.
  • Choosing your trading strategy: If you are following in the footsteps of your mentor or simply using your own strategies, make sure that your strategies have a 70% winning ratio. If you are constantly changing your strategies, and investing big amounts, chances are, you are playing with fire. If you are using someone else’s existing strategies, analyze the ROI before jumping in with guns blazing. It is very important to follow efficient trading strategies in order to become a successful binary options trader.
  • Understand the trading signals: If you’re still relatively new on the trading scene, it’s imperative to understand how to read the signals. Don’t jump on the trading wagon, while basing your trading shots on sheer instincts. Wait for the prices to stabilize, before you start trading and putting your numbers in. Once the price has stabilized over a period of time, take it as your cue to start investing.
  • Trade investment limiting: A good trader never sets in all his money in his investments. It’s ideal to only invest 10% of your bank account balance in your investments, and take it on slowly from there. Reinvest the profits you make during your trading periods. The more you make, the more you invest. If you go beyond the 10% rule, you stand a higher risk of losing your money over a period of time.
  • Invest in companies which are constantly in the news: This is called trading on the news. Many big companies stocks and shares are often impacted by the trending news. Good examples are Apple, Samsung, Google, etc. Since these are some of the biggest product launchers these days, they are also the trend setters in the market. As soon as they launch a product in the market, say a new phone or a tablet, you should be on an alert to trade in their stocks and shares using binary options within the next 1-2 days post the product launch. With such positive upward trending, the stock prices usually escalate, landing you with a comfortable profit on your initial investment.

You have to play your cards right to be able to ensure you are making profits for yourself. Follow the steps mentioned above and see how you rise above the rest, when it comes to making money in binary options. The more experience you gather, the more you will become a pro at investing and understanding the signs of successful trading.

Putting Your Feet Up: How to Create the Ultimate Retirement Plan

It is an understandably typical life goal to be able to enjoy a comfortable retirement where you have the security of enough money behind you to put your feet up and relax, but there are plenty of us who fall short of our ambitions.

 

Don’t stop, keep going

One of the simplest but effective bits of advice you can take heed of, is to start saving as early as possible and keep going for as long as possible.

Even if you start saving small amounts of money when finances are tight and maybe you are trying to balance the books while raising a family, it can accumulate into a tidy sum of money faster than you might think.

An ideal scenario would be to try and put 10% of your monthly income away and once you are in the savings habit, don’t stop putting as much money away towards your retirement, even when you can see the finishing line in sight.

Keep on saving for as long as you can and as much as you can. It will make a big difference to your retirement plans.

Make the most of tax benefits

Everyone likes the concept of getting a bit of free money, and from your point of view, if you sign up to your employer’s retirement savings plan, it can boost your retirement pot with the tax savings available.

Ask about details of what retirement savings plans are available through your employer, such as a 401 (k) for example, as the compound interest and tax deferrals available through a scheme like this, can definitely make a worthwhile difference to the amount you have to retire with when the time comes.

You can’t rely on the state

A worrying amount of people are under the illusion that Social Security will as good as pick up the check for their retirement plans and give them the money that they need to survive in retirement.

The reality is very different to the perception and it needs to be firmly understood that the government does provide a financial safety net of sorts, but it is a very basic one, and if you don’t make any worthwhile provisions of your own and start saving for retirement, the stark reality for many, is that they are going to lead a pretty meager existence when they stop working.

It is never nice to hear bad news or to discover the truth is more unpalatable that you would like, but it is worth heeding the warning and ensuring that you have your own Plan A to work to, rather than the more unfavorable Plan B of relying on Social Security.

Crunching the numbers

Continuing on the theme of realism, you do need to crunch the numbers and work out exactly how much retirement income you will actually need in order to be able to do all the things that you have got planned.

Although your monthly expenses should be lower in retirement, once you have paid off the mortgage for example, but if you want to maintain the lifestyle you currently have, expect to need somewhere in the region of 80% of your pre-retirement income.

A simple calculation would therefore be to take the amount you earn each year at the moment and work out what 80% of that figure is. That number you get is your target annual income figure, which is a good starting point for working out how much you need to save in the time that you have left, to be able to have enough to draw that amount of annual income.

Life expectancy

We don’t ever know exactly how long we have left on this planet, which can make retirement planning a bit tricky.

You obviously hope to live a long and happy life, so the best guess to work with if you take the national average, is that you will probably have about 20 years of retirement to enjoy, give or take.

While you might not want to contemplate your eventual demise, it does make planning for your retirement much clearer, if you work on the basis that you will need to accumulate about twenty years of annual income.

Once you have a set of goals and plans in your mind, you can then set about creating a financial plan that allows you to meet these targets and enjoy a comfortable retirement.

Christopher Bryant is a personal finance consultant who works with a wide range of people, from millennials and newlyweds to those approaching retirement.

Six Ways Student Debt can Swallow up Your Budget

Chances are you won’t find a single postgraduate in the nation who doesn’t audibly groan and wince like they stepped on a Lego at the mention of “student debt”. The truth of the matter is that student debt actually has even more dire implications than people are aware of. Aside from simply needing to struggle with paying back their personal debt balance, student loan debt impacts your budget in ways that are far more expansive than you may know.

Less opportunity for independent proprietorship

Historically, people have been able to survive periods of economic destitution by starting small businesses to supplement their income. However, due to the costs for college skyrocketing in such a short period of time, the windows of opportunity for you to overcome a saturated job market by opening a small business are shrinking. Student debt isn’t just something that you need to pay back, but also an anchor on the amount of money that you can safely invest into improving your overall standard of living in general. The higher your debt grows, the less freedom you have to use innovative and independent methods for fighting it.

Inability to set aside money for a buying home

In the face of soaring student debt, you won’t have nearly as much of an ability to think about becoming a homeowner. Without being able to set aside as much money as you would if you were debt free, the costs of home ownership will likely be far higher than what’s reasonable. Without being able to escape loan debt, chances are that most postgraduates will have to resign to renting for the rest of their lives.

A much lower chance of getting any other kind of loan

Even if you sweep your student loan debt under the rug and refuse to think about it, student loan delinquency is never invisible. Your inability to pay back a loan will be recorded and have a direct effect on your credit score, which will essentially blacklist you from all credit unions that bring it up. Due to the difficulty of getting any loans, student debt can end up forcing you to pay for just about everything in cash.

Your retirement will be hindered

Obviously, when you’re so focused on keeping your head above water with your student loans, there are other responsibilities and needs that just go untouched. It’s not news that it’s becoming more and more difficult every year for Americans to make retirement their priority, but what is new is the amount of debt that young adults are having to take on to help pay for a degree

If there’s one piece of advice that young adults need to take is that if your employer has a 401K plan, and they have a matching program, you should probably take advantage of it. Retirement advisors agree that the optimal time for Americans to start saving is 24 or 25. Even if it’s only $50 a month. Save.

Budgeting for student debt

Despite the reality of how daunting student debt can be, it isn’t impossible to successfully fight against it with the right budgeting techniques. The first step of the process to to simply come up with a budget in the first place, which is many people may initially find too intimidating to even consider.

Mark off a weekend that you can sit down and identify all of the specific ways that student debt could potentially interfere with your personal ambitions; there is generally a six-month grace period allowed after graduation. Even if six months have already passed, you can still benefit from working the budget out as soon as possible.

Determine a monthly payment amount, and make a commitment that you can reasonably maintain. Even if you can only pay back a small amount at a time, anything is better than nothing at all. Calculate any payments on private student loans that you may have as well, and be sure to consider talking to any private lenders who may be able to guide you in the right direction.

After you know how much you’re going to be spending on loan repayment on a daily basis, take a moment to see how you budget can be reconfigured to accommodate it.

What is More Sustainable than Living Off your Dividends

When I question whether something is sustainable I think of whether “it” can be responsibly maintained.  The goal of creating a dividend income stream should be to eventually use just the dividends letting the principal continue to grow.  It is analogous to living off the fruits of a tree rather than cutting down the tree itself, dividend payments can eventually provide an income stream that is sustainable since you don’t have to erode the principal.

This post was inspired by an interesting post the other day from a great dividend sites Sure Dividend that explored the idea of dividends paying stocks like a tree,

You start with something small – an actual seed, or a bit of hard-earned money.

Before you plant your seed or invest your money, you have to find the right place to put your tree seed or your money. Throwing a seed onto a rock will not do, nor will investing in a business on its last legs.

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Over time, your sapling becomes a tree. It now is producing seeds of its own. Your dividend stock’s payments have grown over time. In both cases, the cycle begins anew.

The tree’s seeds beget more trees. The dividend stock’s dividend payments are reinvested into other high quality dividend growth stocks.

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Once your first tree produces other trees, eventually you will have a forest of trees – let’s say they are fruit bearing trees.

You can now happily live off the sustenance your fruit trees provide.

Dividend stocks are the same way. Over time, your dividend income will grow. You will be able to live on the dividend payments of your dividend stocks.

Your Goal Should be to Live off the Dividends and Leave the Principal

Every time you eat into principal you are affecting your future income.  If you have a $500,000 portfolio yielding 4% ($20,000), but you sell another $20,000 of principal you are looking at $480,000 if that were to yield that same 4% (ignoring the growth of the underlying assets) you are looking $19,200 the following year.  Again, this is compounded when you still need that same $40,000 (now it is $19,200 of dividends and $20,800 of principal0.  In addition to the natural erosion of principal the problem compounds itself if it is a down year.

I am not sure if I’ll ever be able to a large enough portfolio where I can solely live off the dividends, but it’ll be a nice part of the income investments I’d like to create over the next few decades.

The Thai Townhouse: An Attractive Compromise

When it comes to choosing a home for the future, one oft-overlooked example of a viable option is the little townhouse. Between the countless offers for beautiful three-bedroom bungalows and luxurious condominiums within an hour’s commute of the city center online on sites like DDProperty and in newspapers, there lurk the posts for the little townhouse – also known as the terrace house.

Originally a European idea, terraced housing basically had one real requirement – it had to be compact. Really, really compact. In a time when condominiums simply weren’t architecturally or economically viable for anyone, let alone the working class, people began to build townhouses instead.

And the concept worked really well. It became common throughout Europe and its colonies – and today, most developed and developing nations in the world use the townhouse model. But it’s not just a model for reducing the effort and cost associated with a house and lot, or bypassing the costs associated with funding and building a condominium – townhouses can be luxurious and comfortable places to live in, especially for young couples and retirees.

As Thailand’s housing market continues to do well, townhouses in the outskirts of metropolis and special economic zones such as the ones reported on One Asia news will continue to drop in price. And as per World Bank, Thailand has many other projects slated for the next few years.

If you’re looking for a home to invest in, or a house to buy, then chances are that you’ll find exactly what you need in a cozy little townhouse – and here’s a couple basic ideas why.

They’re Easier To Maintain

The basic gist of a townhouse is that’s it’s a small house without much of a lawn and shared walls. That means that within your two walls (since the other two are shared), you have the freedom to maintain your home as you please – much like in a single-dwelling home, also known as a house and lot.

If you’re living in a condo, on the other hand, your monthly fees would include maintenance for your unit and others – and you’d have to pay them month after month. This means that your association fees within a townhouse community are generally lower than those within condos, and you can deal with the upkeep of your house’s exterior as you please.

You Change A Lot – But Not Too Much

Owning a townhouse basically means controlling much of it – but not everything. You can replace your furniture, tear out a dividing wall in the kitchen, and replace the front door – but you can’t do anything that would compromise the integrity of the entire row’s structure.

Furthermore, how much you can really do depends entirely on your Homeowners Association. Some HOAs are fine with a little modification – others are strict in making sure you maintain the uniformity of the homes, even as the principle owner.

Since townhouses are stringed together, each one plays a role in keeping the other structurally sound – that includes a continuous fence, shared walls, and often a shared roof. Modifications to any of these are typically not allowed.

Access to Shared Amenities

Like a condominium, living in a townhouse means being a member of that townhouse’s Homeowners Association, and the Homeowners Association typically uses association fees to install and maintain some basic amenities found in high-quality communities, such as a well-maintained shared pool, a tennis court and basketball court, and other such amenities.

The HOA may also cover maintenance for parts of a townhouse, such as the paint on the walls and your fencing. However, being the owner of a townhouse doesn’t mean you don’t have to worry about insurance payments. In Thailand especially, getting some flood protection isn’t a terrible idea – and depending on the tectonics of your area, earthquake protection can be a necessity as well.

You’ll Have Your Neighbors Close

This can be a pro, or it can be a con – or it can be both at once, varying now and again. On one hand, having your neighbors closer can help you foster a more pleasant relationship, and a greater sense of community. Neighbors don’t have to be a nuisance – they can be good friends, great company, and an essential and integral part in your social life.

On the other hand, obnoxious neighbors can be the antithesis of a peaceful life. It’s best to always check your prospective next home – and its neighbors – before you make any purchasing decisions. Always get someone to inspect the state of the home, and speak with your possibly fellow homeowners to get a feel for the community.

A townhouse doesn’t have to be a permanent thing – you can own one until the time comes to upgrade to a condo or house, or like a condo, you can rent it out once you feel like upgrading to a single-dwelling home.

Owners Live By the CC&R

Once again, this is a boon and a bane – although it is mostly a boon. Townhouses, like condominiums, have what is called a CC&R for the most part. The covenants, conditions and restrictions are a community-specific document that all owners have to co-sign and agree upon, outlining the strict rules of the community for homeowner conduct.

While the restrictions may be annoying, they also ensure that you get the most out of your townhouse – that is, a happy co-existence with other owners on a cost-effective budget.