How trading on the Forex market can improve your financial situation

Let’s face it – getting your personal finance to a standard where you need not worry when the end of each month approaches is not easy. However, if you are serious about getting your personal finance in order, there is a lucrative way of improving your capital. According to one of the top financial analysts at Jones Mutual, many individuals search for ways to improve their financial situation but fail to take an active approach. With that said, let’s have a look at how trading on the Forex market can improve your financial situation.

It provides you with a steady income

The main reason for individuals wanting to improve their financial situation is the ability to have a steady income. Without this, there is no way financial competence can be guaranteed. However, if you trade on the Forex market, especially when day trading, you can provide a steady income for yourself. That will leave you with a better understanding of your income and expenses while learning how to manage your finances more effectively. That is the only way you’d be able to reach the point of financial freedom.

forex trading

It lets you learn before you burn

The beauty of Forex trading is you can learn how to trade before you make it a source of income. One way to do this is making use of a demo account. That way, you can get a feel for the trading platform of your choice, you can learn which markets will give you the best profit as well as which ones interest you more when wanting to trade. When you are confident that you can make a success of your venture, you can open a live account and start trading with real capital.

You are able to make it your full-time job

If you are serious about trading, you can even make it your full-time job. Many individuals choose to trade part-time while keeping their day job but some choose to trade 24/7. You can either choose to trade on a daily base or leave your trades open for a longer period in order to build bigger profit over time. Should you wish to do this, you need to treat your Forex trading venture like a business; you need discipline, enough capital to trade with as well as expert trading knowledge. These aspects will help you make a success of your trading business.

Profit is yours and only yours

When working for an employer, you only get a fraction of the capital the company makes. Thus, you aren’t really compensated for the amount of work you do. This often leads to individuals struggling to make ends meet and that, in turn, leads to a poor financial situation. On the other side, if you trade on the Forex market, you get to keep every penny of the profit you make. Although brokerage fees may call for a small portion, you get to build your capital to a high standard within a short period of time.

The Forex market provides constant capital

The Forex market, consisting of all major currencies across the globe, provides a constant flow of capital. With that said, you can be sure that there will always be capital pairs in play to trade with. When choosing to trade with a currency pair such as EUR and USD, you need not worry about the economy of that currency collapsing. These market currencies may rise and fall, depending on several factors, but that is the essence of how you will be making profit. That alone is a huge benefit as you can rest assured that no matter how long you trade on the financial market, the opportunity for profit will always be there. The only thing left to do is finding a point in the market where you predict a substantial amount of capital can be made.

Many individuals tend to stray away from Forex trading as it seems like a highly complicated way of making money and only something for “expert traders.” However, with the help of podcasts, expert trader help, brokerage firms, Forex trading ebooks and an airy of other recourses, anyone who wants to improve their financial situation can become a Forex trader.

Can You Do What You Love While Still Earning A Living?

Let's face it, there are few things in the world that most people enjoy less than working. After all, it's right there in the name. However, it's a shocking truth that there are so many people who are simply willing to put up with the feeling of being stuck in a job that they hate, that brings them no personal fulfillment whatsoever, with no real sense of ever getting anything more out of life. The truth is that if you want more out of your life, then it's there for the taking. However, the biggest hurdle for a lot of people is a financial one. With that in mind, here are some things that you can do in order to do what you love while still earning a living.

Career advice

Know what you really want

This might seem like the simplest thing in the world but the truth is that really thinking about what you want to do with your life is one of the hardest things there is. After all, the question of what you want to do is made up of so many other smaller questions. Things like, how much time do you have? Is there a career that ticks all of your boxes? If not, what other options are there out there? You need to consider all of these questions and more before you can even think about pursuing a new career path.

Know how to get there

Sadly, the hard work isn't over once you've decided what it is that you really want to do. Once you know the path you want to walk, it's time to start walking it. Of course, there are always going to roadblocks along the way. One of the most significant is that, for many of the best and most highly paid jobs out there, higher qualifications are required. Luckily there are plenty of postgraduate education opportunities out there from MBA programs online to night school. Being able to increase your qualifications really is one of the very best ways that you can get that bit closer to your ideal job.

Have patience

One of the hardest things to come to terms with is the fact that, no matter what kind of career you've chosen, there's a good chance that you're going to end up starting at the bottom. Even if you're not, it's pretty likely that you have some serious work ahead of you. The key is to be patient and to keep your goals in mind. As long as you have something to aim for, putting one foot in front of the other isn't too hard.

Of course, as with just about everything in life, there's a good chance that this is going to involve at least a degree of compromise. You need to decide whether the money you're earning is worth the work you're doing or if you would be happier taking a pay cut in order to pursue something that you really want. After all, money isn't everything, but it's an important enough part of all of our lives that it's a complicated decision that requires a lot of thought.

Money Management Can Make You a Profitable Trader

Every sane and experienced entrepreneur and trader knows the importance of money management for growth of a business. Either you are a small trader or owner of a PRO service company in Dubai, you can’t afford to waste your money. It is only possible by making a perfect plan that is logical and easy to execute.

Through money management, traders get an idea about investing on the type of business expected to gain profit in long term, spending only on unavoidable activities and save money for future requirements by avoiding spending on risky services and products. There are certain risk management rules that have been proven to bring success in business and most of successful traders know these rules well. 

Money Management

Money management primarily deals with risks that a trader may face in business and the steps to keep sufficient funds for future requirements in the market. If risk management is done correctly from beginning, then it can surely prove to be a profitable strategy for big and small traders. 

In fact, it is almost impossible for any trader to expect getting consistent profit without managing his wealth appropriately. Money management has to be adopted in start of a business venture as losing money due to improper planning and mismanagement can result in complete failure of any trade or business. On most of the occasions, it becomes impossible for traders to recover from initial setback that they suffer in the start. It is especially true for small traders. But even large investment can also be ruined without adopting money management strategy in start of a business.

On most of occasions, new traders tend to spend as much capital as possible in order to gain maximum profit in short time. This policy is especially evident if they achieve profit in the very start. But it is not the policy that will sustain for longer. One has to accept the reality and keep in mind that market situation can change without prior notice. 

In order to cope with this situation, one needs additional money that will assist to pass difficult time. One can expect to get out of difficult situation in the presence of some extra capital. This additional capital can only be saved as a result of proper and well defined money management. 

The application of money management requires complete understanding of situation and finding ways to manage all types of risks that are expected in near or far future. In initial stage, a trader has to identify risks that he is likely to face in future. Only after that, a comprehensive and appropriate money management strategy is possible to develop.

Experts have developed several kinds of money management methods for traders with the passage of time. The most basic one is the flat risk method. In this type of money management strategy, one tries to achieve appropriate profit by risking a specific portion of his wealth. This flat risk method protects trader from any catastrophic loss and allows him to remain in the market for longer duration. 

Another famous method is Kelly Criterion that was developed in the 1950s. It is different from flat risk as it increases capital risk if the chances of success are more. It works according to a proper mathematical formula. Applying any of these money management methods will allow traders gain profit by avoiding unnecessary risks. 

About the writer: Mona is working as a content writer in a Dubai-based consultancy firm, Riz& Mona Consultancy since past 6 years. During her career, she has acquired lot of experience in writing for various business and investment niches including trade, finance, taxation, offshore business and others.

Bitcoin Trading Made Easy

Bitcoin is known to be the computerized cash that is utilized commonly to purchase an assortment of merchandise and enterprises everywhere throughout the world. It works in the very same path as paper cash; however, there are some key contrasts that you can easily recognize between both of them. Bitcoin likewise exists in physical shape however it's accessible in computerized form, the essential frame implied for web-based trading by utilizing wallet programming or some other online administration. Bitcoins can be acquired through mining or by trading different types of cash or even a few products and ventures.

Open an online bitcoin wallet 

You will require a place to store your bitcoin once you are prepared to begin inside the digital currency advertise. There are numerous online bitcoin wallets accessible to the general population for nothing out of pocket. Search for an organization that offers a wallet to store bitcoin and an offline vault to ensure it. There are numerous programmers endeavoring to break into the wallets of online clients and take all their bitcoin. When you store your bitcoin offline, you will never be a casualty of online programmers. 

Begin mining bitcoin Both Offline and Online

There are two fundamental approaches to get bitcoin. Mine Bitcoin offline or on the web. To mine bitcoin online is simple and significantly more straightforward as compared with the offline strategies. By joining an online bitcoin mining ranch would be an awesome method to begin. 


You should be exceptionally mindful of this alternative also, on the grounds that there are a large number of tricksters guaranteeing to have bitcoin cultivate, however in certainty does not. These folks make Ponzi conspires and will just take from you as much as they can. There are likewise trusted and genuine organizations that have bitcoin ranches working each and every day. 

You can likewise mine bitcoin while staying offline by obtaining a bitcoin miner, which is PC equipment that you set up at your home. This equipment at that point gets associated with the Web and will begin mining bitcoin. This bitcoin will then consequently be sent to your online bitcoin wallet.

The Bitcoin Market 

The Bitcoin market is where Bitcoins are exchanged. When you have Bitcoins, you can utilize them for acquiring nearly anything for which this money is acknowledged. There are sure sorts of exchanges for which Bitcoins are the main type of installment that is broadly acknowledged. In the occasion that you need to get that particularly great, at that point Bitcoins will be required to complete the exchange. 

When you venture into the market of the Bitcoin, the principal thing you have to learn is the manner by which to gain Bitcoins. It will require little push to do it along these lines. The second choice is to mine them. Mining happens on programming that plays out certain numerical conditions for which the trader has compensated some Bitcoins. 

Procedure for Acquiring Bitcoin 
  • For the basic target of acquiring a Bitcoin piece, you will require the services of the finest wallet programming. You can likewise get an online administration for this purpose. There are online wallet administrations accessible everywhere in the globeat the present time so you won't confront any inconvenience in setting up your wallet account. 

  • You should interface your wallet to your financial balance to give the buyer a chance to start. This can take a couple of days relying on your wallet benefit. 

  • Once your financial balance is connected, you will see a purchase Bitcoins interface in the product window. This will be basic and once the exchange is finished, the Bitcoins will be exchanged for your wallet. 

The market of the Bitcoin is composed of the similar principals that are utilized commonly all over the globe in the forex. The rules for generating profits are very simple as if the prices of this digital currency turn out to be little, it's a flag to get them. If the cost turns out to be high, you can pitch them to win benefit.

Mining can be hard, yet all traders should even now attempt it now and again. It is somewhat moderate thus you should be understanding. You will require Bitcoin mining programming. There are not with standing mining pools. You need to just decode a square with the joint exertion of a mining gathering. You will then get Bitcoins as per your commitment.

Manual vs Automated Forex Trading

Manual forex trading is a way of committing the forex market where the investor in physical form analyzes the marketplace and desired money to be bought and sold using important analyses, complex analyses or simply both. Whenever a setup is set after and the forex trader is preparing to enter the positioning, he will literally place the order in his forex bank account to get into as well as leave the position as it pertains compared to that time.

Manual vs Automated

The forex trader could also find his or her deals easily and effectively by using such services with the help of the online rooms, notifications or forex signals providers who deliver their forex signals via text message or email. This is the process in which your choice is to make the investment that is based on the hands of the forex trader which is up compared to that person to physically choose and place the investments in his forex consideration.

Forex Trading

On the other hand, you can find automated forex trading which on the contrary will involve the forex investment to be totally done automatically by using a pre-programmed software system. These programs can be predicated on your methods and created by way of a program where you retain or you will get robot traders on the market predicated on a diverse design of trading techniques and methods.

In automated forex trading, a software automatic robot, which is known as an expert consultant for those on the MetaTrader program, performs the evaluation using technical graph patterns and complex signals. Using the pre-determined guidelines that were designed, the expert consultant forex automatic robot will scan the marketplace in real-time over a tick by tick basis buying a valid admittance. When an entrance is available, the automatic robot will swing action into action by coming into that position, controlling the positioning and exiting the positioning relating to its trading guidelines. The complete process is totally automated from commence to finish thus getting rid of the emotional facet of committing that hinders many folks from success as well as not require the trader to be awake 24 hours and 5 days a week to operate all market opportunities.

What Method Suits You

Deciding after which method is best for you is determined by your personality and investment aims. Even though many say there is absolutely no substitute for by hand choosing your deals if you have a particular method that will constantly well and can be designed, computerized trading is an extremely nice choice. If you are the sort of trader that will not want to work with all the analyses and the 24-hour dynamics of the forex plan, in this situation an automated forex trading system may better fit your preferences. Though, in the situation that you are the sort of person who needs control and must be engaged both emotionally and emotionally trade or your unique style just can't be designed to be achieved automatically for reasons unknown, then manual forex trading would be the best fit for you.

Manual Trading Needs Responsibility

To be always a manual trader you should be in a position to control your thoughts and have enormous self-discipline if you don't have these attributes or think you will battle to learn them, then you should move right to automated trading. You'll need time to review the marketplace every day; specialized and fundamental evaluation can be part of your day to day routine. Unless you have time because of this study, on the other hand, you are going with automated trading. It's likely you'll get a higher come back through manual trading if you obtain it right but you'll also get a more even gain with good automated software.


Choosing between manual and automated forex trading as a newbie is an option you will have to make and whatever you select it is vital to get some principles down before you make that decision. If you select automated trading then be sure to buy software that has ongoing support and training as these trading systems can be intricate and need to create correctly.

Who Should Apply for Tribal Installment Loans?

What’s a Tribal Installment Loan All About?

For those of you who don’t know what tribal lending is or what a tribal lender offers, it’s quite simple; a lending institution affiliated with Native American Financial Services Association (NAFSA) and a fully regulated sovereign territory that offers parallel loan products to traditional lending. What sets tribal lenders apart is that they are based out of reservations and are not bound to follow the restrictions that are imposed to traditional lenders.

Native American Financial Services Association (NAFSA) acting as the regulatory body to tribal lending institutions governs the lending procedures and let those tribal institutions offer online loans to prospective borrowers.

Tribal lending institutions are allowed to lend out loans to tribal & non-tribal borrowers. Moreover, the citizens living in a state where payday lending is restricted can consult tribal lending institutions also.

Should You Apply for A Tribal Installment Loan?

Due to the fact that tribal lenders aren’t bound to adhere to any state regulations, you (being a prospective borrower) must be thinking that is it safe or not???!!! In simple words, they are safe to borrow but you eventually tie up into high interest rates.

Apply for Tribal Installment Loans

With keeping in view the introduction of stricter rules & policies, borrowers are now consulting tribal lenders to apply for online tribal loans. Tribal lenders, at their own end, come under the umbrella of NAFSA and that is why they are able to lend out loans without any state restrictions. 

The entire process revolves around three parties, namely; NAFSA, a non-state online lender (the mediating lending company that deals with the financial disbursements and recoveries) and YOU yourself (the borrower).

Installment Loans

For those living in a state where payday borrowing is restricted, can consult Northcash tribal installment loans for getting out of their worst financial situations when no other option is left. 

Some Tips…

Since tribal lending institutions are able to operate within their own domain without any state regulations on top, they charge a greater interest rate (calculated through APR method), which is of course higher than usual but a life-saver indeed when you’re left with no other option at hand. Therefore, you must have a clear roadmap in mind before applying for tribal installment loans and a well-done homework before signing a contract with any tribal lending institution you find online. Failing to pay the lent amount back would put you in more trouble to a degree greater than your initial financial condition (the bad times) when you were applying for the loan in the first place.

We recommend that you read all the terms & conditions carefully before applying for an online tribal installment loan. Make sure that you verify the legitimacy of your prospective tribal lending company that it is being originally regulated & governed by NAFSA or not. A licensed tribal lender may be charging you a bit high in terms of interest and service charges, but a wise selection today would save you from thousands of regrets tomorrow!

Supercharge Your Career Today!

Most of us could do with a little more money and respect at work, but getting it isn't always as simple as we think it will be. In fact, what with all the pressures of life it can be incredibly easy to get stuck in term of our careers and end up treading water. Luckily, this doesn't have to be the case for you, because it is possible to supercharge your career by doing some straightforward things. A topic you can read more eat out in my post below. 


Publish your ideas and work.

First of all, if you want to stand out from your colleagues and peers, it can be beneficial to get your work and ideas published. Now, this used only to be the prerogative of those in academic subjects such as medicine, where they would be required to write and paper and then subject it to peer review. 

However, with the rise of independent blogging and social media site such as Linked in, anyone with something useful to say on a particular field can get their ideas out there and even become a top influencer. Something that will get you noticed within your area and can have a significant positive effect on your career progression. 

Pursue a specialist qualification.

Next, if you are looking to supercharge your career, there is no better option that to pursue a qualification. After all, if you are appropriately qualified, you demonstrate that not only do you have the necessary knowledge you need to operate in your field, but also you have the motivation and dedication to apply yourself to working hard as well. 

Of course, the qualifications we are talking about here are not general ones. In fact, for the maximum chance of success in your field, you need to get a specific qualification like this online nurse midwifery program that you can do mostly from the comfort of your own home. Something that makes it much easier to complete while you continue to work as well. Therefore getting around the difficulty most students have concerning tuition fees.  

Get out of your comfort zone. 

Do you know what happened in your comfort zone when it comes to your career? Not much! In fact, if you stay in a role where you are entirely comfortable for a long time, boredom and complacency can set in, and these are truly the enemy of boosting your career to great heights. 

With that in mind, it is an excellent idea to ensure that at each stage of your career you have a certain level of challenge to engage with. This may be in the form of more responsibility, different sorts of tasks, or even putting in place your own initiatives. 

Just remember not to let things become too easy, and even ask for added challenge and responsibility if you feel things are this way. After all, without such positive stress, your job can often work against your continued success in the long run, draining you of motivation and drive you will need to succeed!

3 Poor Leadership Traits to Stop Exhibiting

If you run a small business and employ a small team in order to help manage your operation, your ability to be a good, effective, and benevolent leader to your team, is going to have a major impact on how fruitful your company is overall, not to mention how well those people who are under you operate, and the degree to which your office is a healthy and functional, rather than pathological environment.


Unfortunately, many entrepreneurs are so invested in their businesses that they become tyrannical in their dealings with the people they employ. This, in turn, causes a wide range of serious problems, and can sink a whole company — not to mention ruin the professional reputation of the tyrant boss.

If you suspect that you might not be performing to your full potential when it comes to being a good boss, you might want to investigate masters in leadership online. For now, however, here are some poor leadership traits to avoid.

Remaining detached from the troubles of your workers, and rejecting responsibility

A good leader is down in the trenches with their team, they are engaged with the running of the business on all levels (though aren’t obsessively micromanaging), and they take ultimate responsibility for what happens in the business.

The buck stops with them, in other words.

Bad leaders tend to do just the opposite. They expect their staff to do all the work, and they detach themselves emotionally, or literally, from the happening in the business.

Instead of taking responsibility they make scapegoats of team members, and instead of working harder than anyone else in the office, they use their position to justify slacking off.

Facilitating or encouraging an overly hostile and competitive office culture

One of the hallmarks of a bad leader is that they set their workers against each other, and directly contribute to, or at least encourage, a hostile and negative work culture.

While competition, if managed properly and responsibly, can contribute to a flourishing office environment in some cases — such as in the matter of sales teams keeping score and trying to out-sell each other — an office environment that is overly centred on competition is going to destroy team cohesion and encourage hostility, more than anything else.

Don’t push your team members to be at each other’s throats all the time, but rather to work together for greater shared victories.

Making unreasonable demands of your workers

If your workers have a contract which states that they will work for 9 hours a day, and you try to bully and badger them into routinely putting in 11 hour days, with the extra time unpaid, you are not only violating the terms of their employment, and their trust, but you are also undermining the loyalty of your staff and the degree to which they feel invested in the long-term success of the business.

Making unreasonable demands of your workers is one of the best ways of guaranteeing that people start slacking off on the job, and start looking for new employment at the earliest possible opportunity.

Simple Tricks To Secure Your Dream Job Title

Throughout your life, you will have heard about loads of different jobs which sound far too cool for a normal person to be doing. From roles which involve working with dangerous animals, to those which can paint you as a hero, most people have a least a handful of professions which they will love the sound of, but won’t have any clue as to how they can get into them. To help you out with this part of life, this post will be exploring some of the best methods which can be used to give yourself the job title you've been dreaming of. With this in mind, achieving this goal should be a simple matter of getting to it.

Dream Job

Work From The Bottom

For a lot of people, the go-to route towards securing a good job will be to work up to it from something else. There are loads of entry-level jobs out there, in fields which a lot of people would like to work in, and this is something which you can get started on right away. It’s unlikely that you’ll love your job from the very start. In fact, you may find it a challenge to keep yourself engaged, with the work you’re doing being much easier than your end goal. Enabling you to achieve positions like CEO or creative director, though, this sort of route can be great, especially for those without much on their resume.


There are some jobs out there which can only be done by those who have proven their dedication to the field they are working in. For example, if you want to be a zoo keeper, you’ll benefit greatly from having spent a couple of years giving up your free time to work in a zoo or animal shelter. A lot of positions will give you training when you’re first starting out. Before they can afford to do this, though, they will expect you to have shown a passion for the job, ensuring that they don’t waste their money. Of course, like the option above, this could be a challenge to keep yourself engaged with.

Do Some Side Study

You can find loads of blogs around the web which suggest the idea of studying online. Very few of these articles will cover jobs like FBI or secret service agents, though. An online criminal justice degree could be harder to achieve than a regular course, but will provide you with the background you need to get into jobs like these. There are loads of fields which require specific knowledge to be able to work in. By giving yourself these skills, you will have an upperhand in the world of employment, practically securing your dream job title.

Work On Your Network

The people you know in this world can make a huge difference to your prospects, with those in high places often being able to circumvent normal hiring processes, helping their preferred candidates to slip into a job. In the modern world, it’s never been easier to build a network of powerful people who could help you with this. Social media is a great place to start with this. By tweeting at, tagging, and sharing things with your favourite professionals, you will quickly start to get your name recognised. After a short time working on this, you should be ready to be a little more direct, and will be able to start offering your skills to help them out. After doing a couple of things for free, it shouldn’t take long for your name to be passed around amongst those recruiting in the field you love the most.

An Expert In Your Own Time

Being an expert in a single subject is a rare thing, nowadays. Instead, professionals often dip their fingers into multiple fields, limiting their chances of securing something really cool. Starting a blog, YouTube channel, or any other media outlet for your passion, you will be able to push yourself towards being recognised as an expert. If you wanted to get into high-level politics, for example, creating a publication which covers this topic could help you to get noticed by loads of different people, and this is a route which a lot of people in jobs like this take. Of course, this will always take a good amount of work.

While job titles are important, you should always choose the job you pursue based on what you like. For example, if you don’t like telling people what to do, but love the idea of protecting people, becoming a soldier could be a good option, but being a CEO would be a struggle. Of course, though, a big part of this will be viewing your job as something desirable.

How to Deal with Unexpected Expenses

Unexpected expenses often crop up at the most inconvenient of times. Just when you think you have your finances under control and finally seem to be getting back on track, you are suddenly hit with one of life’s obstacles. Your car won’t start, you lose your job, your boiler system breaks down, or the washing machine gives up the ghost. However, there are a few ways that can help you to cope when something like that crops up.

Unexpected Expenses

Have an Emergency Fund

The first thing you need to do is expect the unexpected. We don’t all have the luxury of sailing through life without any mishaps, so it pays to be prepared. Anticipate the fact that you will encounter a couple of times a year when your monthly income will not cover all your outgoings.  Many people know that they should have an emergency fund but never get around to setting one up. Set up a standing order from your main account to a savings account and aim to put away around £50-£100 a month. If you set the date for the money to leave your account on the same day as payday, you probably won't even notice that it is missing. And if you save the maximum £100, that’s £1200 saved in a year, which is more than enough to cover the cost of car repairs or a new kitchen appliance.

Ask Friends and Family

Before you go out spending money that you don’t have, consider whether any of your friends or family may be able to help out. Apart from the fact that you will need to release some of the feelings of stress and panic that you are experiencing, remember that a problem shared really is a problem halved sometimes. For example, if your oven has decided it no longer wants to go on, telling a friend may reveal that they know someone who is selling a replacement on the cheap. Or they could offer to help with meals until you are able to replace the oven yourself.

The same applies to a broken-down washing machine – ask if you can do your laundry at a friend or family member’s house – chances are that they will find themselves in a similar situation at some point in the future and you can then repay the favor. It wouldn't be wise to ask to borrow money from friends or family unless you are 100% certain that it won’t put a strain on your relationship.

Shop Around

When you use your car to commute to work every day, it can be easy to get caught up in the panic when it breaks down and to go with the first repair service you find. However, it is important to keep a level head when things go wrong. It only takes a few minutes to do a few checks online to see which repair services are local to you and then to get a few quotes together. The same applies if your washing machine breaks down and you have the washing of a family of five to get through. If you come across a particular model that suits your needs, do a quick Google search on the ‘shopping’ tab to see if you can find it cheaper elsewhere.

Also, check for any voucher codes that you may be able to apply at the checkout. Taking the time to shop around can be the difference between blowing your whole budget and only using a fraction of your savings to cover the cost.

Consider a Loan

If you have not had the funds or the time to grow an emergency fund, it may be time to consider taking out a loan. There are many lenders out there advertising great rates which will enable you to borrow anything from as little as £1,000 with the ability to pay it back over 24 months. Even if you know you have a bad credit history, there are still lenders such as Everyday Loans who are willing to look at other criteria in the hope that they can help you out. Getting a quote also won’t affect your credit score further as they use different search technology than the high street banks. The added bonus of taking out a loan is that if you are able to make the repayments on time, you will slowly be repairing your bad credit score anyway!

Unfortunately, unexpected expenses are a fact of life. We all have to go through them at some point in our lives and some years will be better than others. But by taking a few steps to prepare for them, you can avoid a potential financial disaster. It is better to be safe than sorry, as they say, so be prepared and you’ll sail through.

Rideshare Accidents: Should You Hire an Attorney?

Boom! It happens in an instant. You're riding in a car when suddenly you're involved in an accident. Your car slams into the back of another, you're t-boned as you enter a busy intersection. Whatever happened, there's a good chance that your life is about to change. 

Most people already know how to deal with the aftermath of a car accident. Gather the other driver's information, take lots of pictures, and call the police. The situation becomes slightly muddled, however, when Uber or Lyft are involved.

Car accident

Many people mistakenly rely solely on their rideshare company to handle the fallout. If you're injured, there's a good chance that you would benefit from hiring a personal injury attorney.

"Often times, Uber and Lyft accident victims are unaware that Uber accident attorneys who specialize in these type of accidents are highly skilled in negotiating a much higher settlement," notes Los Angeles firm West Coast Trial Lawyers.

In addition to gargantuan medical costs, a serious injury can drain your finances in other ways. You may be unable to work for an extended period of time or you might have to cover part of the repair cost for your vehicle. The Lyft insurance plan for drivers has $2,500 deductible. Uber's is $1,000

You're probably wondering if calling an attorney is worth it. Here's how you can tell. 

1. Question Yourself

Do you need a lawyer? Well that depends. Do you believe that you can negotiate a proper settlement for yourself? Your attorney is going to expect a large portion of any money that you receive. If you think that you can get more money by facing the insurance company on your own, that's what you should do.

However, you should be aware that typically claimants who were represented by a professional attorney receive much larger settlements than those who aren't. 

2. Figure Out Who's at Fault 

Sometimes the guilty party will refuse to admit fault in the accident. This could swell into a big problem if you're an Uber or Lyft driver. Rideshare insurance only kicks in if you're responsible for the collision. If you're innocent, yet the other driver refuses to acknowledge his error, you could be placed in a tough situation. An attorney can help you get out of the mess without going broke. 

If you caused the accident you probably don't need to hire a lawyer but you do need to speak your rideshare's insurance company. 

If you’re the passenger and you're injured, you need to know who to go after. Having a professional by your side is a huge advantage. An experienced Uber or Lyft accident attorney can save you a lot of hassle. 

3. Determine the Damages

It doesn't matter if you're the driver, rider, or an unlucky pedestrian. You can seek damages to help you pay for:
  • Medical expenses
  • Lost wages 
  • Emotional disturbances 
  • Permanent injuries 
  • Property damage 
If you don't have any damages, don't call a lawyer. If you do decide to seek compensation, however, a lawyer can help you get the amount you deserve. 

4. Determine Long-Term Effects

Are you a caregiver who can no longer look after your patient because of the car accident? Were you previously ill or disabled and the accident exacerbated your problems?

If your injury isn't clear-cut, you definitely need to hire an attorney. Certain injuries can affect your life in ways that aren't immediately obvious. What if the person you were caring for was your mom and she passed away because you couldn't be there for her?

It's very difficult for a claimant to argue emotional trauma without the help of a very skilled attorney. 

The Right Attorney is a Huge Benefit

Being involved in a car accident is an awful experience. It's extremely stressful and often painful. There are things that you can do, however, to mitigate the damage. 

Hiring an attorney isn't necessary in all situations. If the accident was minor and there's not a lot of damage, there's no point in trying to get representation. You're not going to be awarded a settlement if there weren't any damages. 

However, if the accident was serious enough to cause real injuries, you have reason to call an attorney. In fact, it would be irresponsible not to. Unless you have a strong background in the law and a deep understanding of how insurance companies operate, you're probably not going to be able to negotiate a proper sized settlement. 

Your lawyer will work hard to ensure that you get every penny that you deserve. You can trust their work because they have a strong incentive- they'll get at least a third of your settlement money. 

Rideshares are still so new that a lot of people don't know that there are law firms and lawyers specializing in these accidents.

An Introduction to Mining for Cryptocurrency

Mining for cryptocurrency involves verifying and adding transactions to a public ledger referred to as blockchain. If you have access to the internet along with the right kind of hardware, you can start mining cryptocurrency. The process basically involves trying to solve a puzzle that is computationally difficult while also compiling recent transactions into blocks. If you succeed, you’re rewarded with newly released cryptocurrency as well as possible transaction fees.

The Evolution of Cryptocurrency Mining

When cryptocurrencies first came into being, mining them was possible using conventional central processing units (CPUs) of regular desktop computers. Graphic processing units (GPUs), or graphic cards, were more effective at mining, which is why their use gained more popularity. Next in line was the introduction of hardware referred to as Application-Specific Integrated Circuit (ASIC), created especially for mining cryptocurrency. ASICs have been around since 2013, and their efficiency has improved considerably since then.


Cryptocurrency Mining Work in Today’s World

If you end up using a conventional CPU or GPU or even an old older ASIC, the cost of energy consumption will be more than the revenue you generate. The upfront investment, ongoing maintenance costs, and the mathematical prowess that is required to mine cryptocurrency do not make the process profitable if you stick you using consumer-level hardware. If you look at bitcoin in particular, its mining is mainly limited to large scale operations now.

Gav Smythe, founder of iCompareFX, opines that, “A beginner who is looking at mining cryptocurrency stands a better chance with Scrypt-based cryptocurrencies such as litecoins, feathercoins, and dogecoins.” While mining for litecoins is more profitable than mining for the other two as of now, they are gaining in popularity. However, when more people join the rush for mining these cryptocurrencies, you might need more expensive hardware to carry on as before.

Mining for cryptocurrency essentially involves working as a bookkeeper for a cryptocurrency network, where your computing device is verifying transactions round-the-clock. You get a reward by receiving fractions of cryptocurrency regularly and your aim should be to keep electricity and hardware related costs to a minimum.

Mining Independently

If you plan to mine for cryptocurrency independently, you need to account for the following:
  • Internet connectivity. To mine cryptocurrency, you need a dependable and high-speed internet connection. You should be looking at a speed of at least 2 Mbps and minimum downtime.
  • Private database. Your private database can come in the form of a free password-protected cryptocurrency coin wallet. You will use this not only to store your earnings, but also to serve as a ledger for all network-based transactions.
  • Electricity and hardware. If you live in a region where electricity is expensive, you may want to reconsider your plan of mining from home. This is because the process involves a considerable consumption of electricity.  When purchasing mining hardware, keep in mind that you may have to keep upgrading, which can turn out to be an expensive affair.
  • Mining software. If you plan to mine bitcoins, ASIC miners are your only viable options. Some of the ones you may turn to include CGminer, BFGminer, BitMinter, and BTCMiner.
  • Energy production and cooling. If you plan start mining on a large scale, consider having your own energy producing unit in the form of a photovoltaic power plant. Given the non-stop computation, hardware temperature needs to be regulated, and a cooling system should ensure that there are no instances of overheating.
Using a Mining Pool

If you want to increase the efficiency of your system to mine cryptocurrency, you may consider becoming part of a mining pool. A mining pool is essentially a community of cryptocurrency miners who come together to increase their computing power and generate more income. Among the top bitcoin mining pools include AntPool,, BTC.TOP, ViaBTC, and Slush.

The fees you need to pay to be part of a mining pool may vary depending on factors such as its payment distribution system and who assumes greater risk (the pool operator or the miners). While the standard fees for being part of a mining pool is 1%, it may vary from 0% to 4%.

You need to determine which cryptocurrency you wish to mine before you look for a mining pool, and you can use online tools to determine which ones are the most profitable to mine at any given point in time. Some pools give you the ability to mine two cryptocurrencies at the same time. You may also consider being part of a multi-pool that lets you choose from multiple cryptocurrencies and converts your earnings into bitcoins automatically.

Your location plays a role in how well your endeavor goes, because servers located close to where you live tend to make mining for cryptocurrency more efficient. Mining pools also come with Variable Difficulty, or Vardiff, and this feature that regulates the difficulty levels of problem solving.

Using a Data Center

Mining of cryptocurrency is migrating to data centers or colocation hosting environments, mainly because of high power and continuous cooling requirements. Now, you can find data centers that make use of liquid cooling techniques for their high density hardware. ASICMiner serves as a classic example in case – it uses Novec, a new immersion cooling liquid created by 3M especially for data center cooling. Hardware racks are immersed in tanks of Novec, and the liquid cools the heating hardware while turning from liquid to gas.

If you’re looking at mining cryptocurrency using a data center, the following aspects require your attention:
  • Cost effectiveness
  • Adequate cooling
  • Reliable internet connectivity
  • Secure location
  • Remote assistance
  • Acceptance of cryptocurrency payments
  • Space for expansion
Before turning to a data center to meet your cryptocurrency mining requirements, you should determine your collocation, power, cooling, and security requirements. Take time to compare the cost of electrical power in different states and through different service providers. Since this field is opening up to competition, try to negotiate favorable contracts by approaching more than one service provider.


Mining for cryptocurrency is no longer as simple as it was until a decade or so ago. If you plan to go at it on your own, you will need a considerable investment to get high computing power along with suitable cooling. The impact of cryptocurrency mining on data centers is now plain to see, with several coming up solely for this purpose.

About the writer: Jon works as a researcher for iCompareFX, a website that gives its visitors easy means to compare the top overseas money transfer companies from different parts of the world. When any information is hard to come by, he goes the mystery shopper way.

Outrageous Forex Scams Ever

Apparently, because there is a lot of money and growing involvement of people in forex trading, the internet has been overwhelmed by fraudulent forex brokers who set up websites deliberately to defraud careless and inexperienced investors. This proliferation of forex sites is the major cause of scams in the forex market.

 Forex Scams

How to identify forex scams:

1. Some brokers manipulate spreads

There is no central regulating body in the forex industry. The spot market which is without any regulation at all is unfortunately where the majority of the trades occur. Some forex brokers therefore often manipulate and cheat their clients.

types of brokers

To avoid falling into this trap, make sure you check the brokerage on a website that blacklists fraudulent forex brokers. You should do this before ever choosing a forex broker. Or, you should simply trade only with a broker that also deals in other trades in the stock market since he will be subject to SEC and FINRA regulation. 

2. Signal Sellers

Another common fraud in the forex market is the signal seller. These are firms that claim they can identify seasons when it is most profitable to buy or sell a currency pair and make plenty of money. They charge their unsuspecting clients a regular fee. They often brandish claims such as expert trading skills, experience and supposed testimonials from people attesting to how well the scammers do trade and how much they have earned by employing their firms’ services.

signal sellers

The inexperienced will usually simply pay some amount of money to the scammers hoping that they will give him recommendations on when it is favorable for him to buy or sell currency. Since several traders are giving their money to the fraudsters at the same time, some scammers simply gather these funds and vanish into thin air. Others will play along for a while, even recommending a good trade at some point.

3. Manipulation of Point-Spread

This is an old forex scam that was carried out by manipulating bid/ask spreads on a computer. Currency pairs, each has a different spread from the other. You are to suspect a scam when those point spreads differ widely among brokers. Instead of offering the normal two- to three-point spread in a currency pair, forex brokers offer spreads of seven pips or more. (A pip is the smallest price change that a given exchange rate makes based on market convention.) By the time you factor four or more pips on every $1 million trade made, you will realize that commissions will eat up any potential gains resulting from a good investment, thereby leaving the investor defrauded.

4. Ponzi or pyramid schemes

This form of scam is quite common. The fraudsters promise mouth-watering profits for small advance investments. Those who invest at the beginning usually get the promised return on their money and are inspired by their success to invest even larger sums of money as well as invite their friends and family to join the scheme. What really happens in this kind of scam is that the investors are simply paid the supposed interest from monies taken from other members of the scheme. At a point in the scheme when the fraudsters have gathered quite some money, they simply close shop and disappear.

5. Fake Forex Investment Management Funds

There has been an increase in the number of forex management funds in the past few years. The majority, if not all of these funds are frauds. They lure the investor to let his forex trades be managed by supposed highly skilled forex traders who will deliver remarkable profits in return for a percentage of the profits.

forex broker

The challenge with this system is that it makes the investor hand over control of his money to a total stranger whom he believes is well experienced and will produce a high return on investment. Usually, the scammer disappears with the money leaving the investor to bite his fingers.

Here Are The 6 Frugal Strategies For A Saving Summer

For many Americans, summer vacation often comes with a price tag that wrecks their savings plans. Maybe you can relate? 

Perhaps you have recently filed for bankruptcy to free yourself from a tough financial situation (for practical info, see Or you’re paying off student loans, a mortgage, or last year's summer vacation extravaganza.

Summer vacation

You may feel torn between your desire to have fun, yet also keep summer spending in check. Good news for you: Your summer doesn’t need expensive experiences for you to have a ball. It simply takes replacing certain activities that aren’t worth the price tag with others that are. 

Here are the activities to skip, plus the ones that will give you the most enjoyment for your money. 

1. Skip dining out. Recreate a gourmet experience at home.

You consider yourself a foodie and you love to eat out at every opportunity. You are not alone. According to government stats, the average household in the US spent $2787 on eating out in a year. This figure wouldn’t be so bad if it weren’t for other stats that tell us most Americans have less than $1000 in savings. 

Your savings should never be at the mercy of your dining-out bill. But just because you skip dining out doesn't mean you have to forgo your love of food. Use this summer to finally learn how to prepare lobster, or the perfect steak, or homemade ice-cream! 

2. Forget the water park. Hit the beach waves. 

Paying for an amusement park might be something your younger self did in order to have fun. But now that you are older (and wiser), you know that you bring the fun with you. 

Avoid the overcrowded water park that has all sorts of germs lurking in its waters. And choose a glorious day at the beach instead. Beaches come with the calming and soothing sound of waves and the fresh sea air, which is the heart and soul of summer days. 

3. Skip the trip. Explore the stay-cation concept.

According to a survey hosted by Magnify Money, 1 in 5 vacationers will go into credit card debt to pay for their summer trips. Interestingly, 31 percent of those surveyed said they felt pressured to go on vacation, even though they would rather not. 

Don't let the fear of missing out or the desire to look good on Instagram lead to spending on a trip you can't afford. Instead, tell those who ask that you indulged in a stay-cation

4. Avoid the mall. Embrace the outdoors and get fit.

Do you only go to the mall for the air conditioning, but then wind up spending due to summer sales that you can't avoid and enticing ice-cream flavors yet to be tasted? Going to the mall is bad for both your wallet and your waistline. 

Serious about ending this summer with money in your bank account and fewer pounds around your middle than when it began? Skip the mall entirely this summer. Instead, focus on your personal fitness goals

Go biking, jogging, or walking. Learn a martial art. Hike a trail. Focus on burning calories and your lack of weight gain over the summer will be the envy of all your friends when you return to work. 

5. Skip the summer blockbusters. Catch up on your reading.

A movie ticket is never just a movie ticket. It's also popcorn and a hot dog and then a game or two at the game center. Plus whatever deals you see while you are out and about. 

An alternative activity that could be way more satisfying? Tackling that tall stack of books you have been promising yourself you would get to at some point. That "some point" is today. 

6. Ban summer sales shopping. Declutter your house.

Retailers know that people in vacation mode tend to spend more than at other times of the year. This spells trouble for individuals serious about keeping purchases to a minimum

Tips for combating summer sale temptations? Do an intense declutter of your house or apartment. Getting rid of all the stuff that you don't need will curb your desire for buying more stuff that you will likely end up throwing away. 

See something on sale that you have been needing for a long time? Commit to first getting rid of a certain number of unused items before making that purchase. Simply creating space between when you see the item and when you buy it can help the initial urge to buy to fade.