Any Ideas On How We Can Serve You Better? Please Let Us Know. 

Chinese (Simplified) ZH-CN Dutch NL English EN French FR Italian IT Spanish ES


Author Archives

Archive of the posts written by author: Lawrence Christensen.
Nov
15

A simple guide for currency trading for beginners

Currency trading is explained as the selling and buying of currencies. It is among the most active and largest trade happening today, with investors making trillions of dollars every day. Unlike other markets, like the stock exchange, there is no specific time to do currency trade. It happens 24/7.

A guide to currency trading

Currencies

Currency trading involves currency pairs. A pair includes two currencies. One which is being bought and the other one used to buy the other currency. Let us take, for instance, the British Pound and the USD. Here, the British pound is known as the base currency. It is the currency being bought. While the US dollar is known as the quote currency. It has the value of the other currencies worth.

The spread

In Forex trade, a currency pair has an ‘ask’ and a ‘bid.’ The bid price is how much the base currency is being sold by the brokers. The asking price is the price the trader will buy the currency. Normally, the ‘bid’ price is lower than the ‘ask’ price. This how brokers make sales. I know you are wondering what the spread is, well it is the difference between the ‘ask’ and ‘bid’ price.

Changes in currency values

The knowledge of how currencies change is important in currency trade. The secret is here; you should buy a currency when its value is low and sell it when their value goes high. Currency values are affected by economic and political factors. There are people known as speculators in the market. They speculate the chances of increase or decrease in the value of currencies. With such information, they make decisions in advance. To keep up with the pace of currency trade, you must be updated with information about these influences.

Risks in trading

Just like in other businesses, forex trade involves risks. As a trader, you should understand that the market is very risky and making wrong decisions could mean huge losses. It is okay to play safe, but the higher the risks, the more the profits. Decisions play a big role in currency trade; you better seek help from experts than doing it all alone and lose huge amounts. If you follow the tips above, the new journey to forex trading will be easy, challenges must come, but you will always find yourself up again. By challenges I mean, you might lose today but make double of what you lost the other day.

 

 

 …

Aug
24

Reasons why you need to consolidate your student loans

There are numerous benefits of consolidating your student loans. This can help you in improving your credit rating and saving money. The following are the main reasons why it is important to consolidate or streamline these debts.

Enjoy low interest rates

You should avoid procrastinating and and make an effort of organizing with the federal or state student consolidation at the end of every year.  This will help you in taking advantage of the low interest rates offered on consolidated loans. This interest rate is sometimes as low as 4.7 %. You can save a significant amount of money by securing a low interest rate.

Peace of mind

Most of the people who have taken many loans have been having sleepless nights wondering how they will manage to pay their monthly loan payments. To make the matter worse, these individuals have other bills that need to be paid at the end of every month. Consolidating your education loans can help you in saving up to 50% or 60 % on your monthly payments.

Streamlining your payments

Many people have racked up many loans, some of which have varying amounts and interest rates over their school time. Such people are usually confused in keeping track of their bills. Consolidating your loans will make your life simple since you will be dealing with only one lender and be paying one loan.

Auto pay

Signing up for auto-pay when you are consolidating your loan is another great way of simplifying your bill paying. Again this will save you the stamp fees and the time taken in writing the different cheques.

Enjoy discounts for paying your loan on time

Just like with the auto pay, lenders will reward their clients with discounts for paying their loans on time. For you to enjoy these benefits, it is important to make sure that you are paying your loans in good time and consistently.

Improving your credit rating /score

The new lender will help you in paying off your loan once you have consolidated your student loans. Paying your loan and reducing the number of loans is one of the effective ways of improving your credit score. Banks Lenders will always check your credit score before lending you any money.

 

 

Help your parents

Probably your parent might have borrowed some money to pay your college fees. These loans can also be consolidated and then locked in the current rates.

Forbear or defer

Have you completed paying or consolidating your loans? Individuals who have paid their loans are given an opportunity of retaining their borrowing privileges by the state or federal government.

 …

Aug
17

Secrets for wealth building

Life can be very difficult if you do not have money to cater for your needs. Ideally, money is power and a great source of happiness to many people. There are many secrets of tips of becoming wealthy. However, being hungry for money can end up ruining your life. This can further destroy or harm you. Although money is an essential asset in life, it is important to understand how its game operates. Adopting the following wealth secrets can greatly help you in enhancing your income.

Acceptance

Understanding this game is very important. By so doing, you will be in a better position of acknowledging the universal truth of acquiring heaps of money. Changing your mindset is one of the essential steps towards wealth building. Setting small goals that are achievable will help you in getting focused.

Avoid being negative about it

You should avoid uttering phrases such as “I am poor.” Instead, you should always picture yourself as one of the richest people. This can help you in attracting resources thereby amassing wealth. Having an empowering mind is very important when it comes to wealth building. You can achieve any task through by working hard and utilizing mental capacity. You should always convenience your mindset that everything is possible.

Finding your mentor

This will involve sticking to your like-minded family members and friends who are passionate about wealth. Searching for a mentor is one of the best things that you can do. Mentors are known for offering good life lessons. Interacting with excellent friends is one way of being successful since you can learn a lot from them.

Being responsible for your wealth

Creating jobs and wealth for other people is another way for creating wealth for you. In addition to that, you should be responsible for your employers, family, and stakeholders. Having many streams of income will help you in building wealth within a short period.

Develop a saving habit

The money you earn cannot last for long. It is therefore important to look for other investment opportunities such as the stock exchange. A financial advisor can help you in finding the best opportunities.

Utilizing all the resources at your disposal

Time is one of the most valuable resources the way you spend your time matters a lot. You should avoid wasting time. Smart time management is one of the essential principles when it comes to wealth building.

 …

Jan
10

Amanda Online

ACCOUNTING

Keep your books up-to-date, see whether you are profitable, who owes you money or if you have enough cash to pay your bills.

BILLING

Send customers offers and invoices in just a few clics. Record the time you spend on projects and make sure nothing is forgotten.

CONTACTS MANAGEMENT

Keep a 360° view on your customers and suppliers information.

WHY AMANDA?

EASY-TO-USE
Because Amanda uses current web navigation patterns you will find using it as simple as booking a hotel room online!

ONE SYSTEM!
No need to work with different systems and exchange files with your accountant. Amanda allows you to manage accounting, billing, CRM, timesheets and payroll (early 2013) in just one system!

MOBILE
All you need to use Amanda is an internet connection. You, your employees or your accountant can access the software from home, from a tablet on a train or from a smartphone at a customer’s place.

SMALL TIPPS

Get tipps for your small business, join us on our blog, social medias and become the big boss of the SMB world!

but first, you have to join us…

Amanda Twitter Facebook Pinterest Google+ YouTube

 

YOU ARE AN ACCOUNTANT?

You are an Accountant or work at an Accounting Firm?

THIS WAY PLEASE!

WELCOME TO AMANDA’S BLOG!

At Amanda’s blog, we will talk about Tools, Gadgets and Technology which helps you to become a capable entrepreneur. Amanda, by the way, is a Cloud Business Software developed by SolvAxis.…