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Beginning your career in Forex: Tips to remember

It is no wonder that Forex is the biggest and the most attractive business market in the world. Millions of people are starting their career in Forex every day. If you want to trade in Forex, you do not need your office but you only need your computer connection and your strategy. When millions of people are trading in Forex, it might seem that all these people are having a good day. They are trading in the markets and although they can lose their money, they can be on track in Forex with a little hard work.

It is actually not that simple in Forex if you do not know the right way of trading. Most beginners in Forex lose their career after only a few months of trading because either they have no experience of the trading market or they have not quite get it right. They make many mistakes which are quite simple for them but deadly when you are a beginner. If you want to trade in Forex and thinking that you have a basic knowledge on the market, this article might come to your help if you want to avoid the mistakes that beginners make in their trading. It will not only give your career head starts but it will also improve your career smoothly in the market.

Sky is the limit

When you start your trading career you must wonder about the profit factor in this industry. To be honest there is no need to do the extensive calculation as you can easily understand the true benefit of professional trading just by observing the life of the successful Singaporean trader. Being an active trader you will be your boss and you set the limit for the potential loss or profit. However, trading is not all easy. In fact, this is not suitable for everyone. You need to trade this market in a relaxed environment so that you can take the perfect decision. Before you consider trading as your full-time profession it’s highly imperative that you consider demo trading account as your practice field. Never start your trading career with the real money since you might lose your entire trading capital. First of all, learn all the fundamentals of this market so that you can easily place your trade with an extreme level of confidence. Never take any risk which you can withstand. Find the perfect balance between your risk tolerance level and profit factor to survive in this industry.

Don’t start with live account

Many traders start trading in the market with all of the strategies they have got on the internet. It is a big mistake for you if you have just started your darer in Forex. You will see that there are lots of strategies for you but you cannot trade them in the live account when you are new. You should remember that it is an investment market where many traders lost their investment. You have to practice in your demo accounts to give you some foundation on the market trading. It will help you in your career and you can understand why demo accounts are here.

Choose a simple strategy for your beginning

There are many strategies that are used by professionals in Forex. Do not try to impress yourself and choose a simple strategy. If your strategy is simple and it works then it is not simple. Any strategy with a simple touch of your hard work and trading techniques can make your career bloom.

Never overtrade, never rush

This is the mistakes that beginners love to make. Do not overtrade in Forex as you are not going to make money if you have placed many trades in the market. Also, do not hurry. You need to be patient to give time to the markets to work out. Be disciplined in your trading and patient for your strategy to work.

Sensible Strategies To Split Expenses with Your Partner

There is truth to the idiomatic expression – “it takes two to tango”. With a relationship that spans for nearly a decade, I came to realize that giving and taking is an essential element to success. Arriving at an agreeable place avoids potential conflicts from rising. Compromise is vital when it comes to financial matters.

Who would be primarily responsible to pay the bills or to account for outstanding debts? Use the following strategies to help you split the expenses.

STRATEGY #1: DOWN IN THE MIDDLE

Living together entails the discussion of bills, loans, and other expenses. The most concrete way to divide an expense is to split it in half. From groceries to rent, you may share the household responsibilities by contributing an equal amount of money.

Keep track of your purchases and bills by creating a document or a spreadsheet file. You may want to consider setting a monthly price threshold to avoid conflicts.

STRATEGY #2: SET A PERCENTAGE

If you and your partner belong to similar salary divisions, the first strategy is beneficial. However, it can be difficult to split everything by 50-50 if you belong to both ends of the salary spectrum. Contributing S$1,000 per month to the household expenses may mean nothing to you. While, it can mean everything to others!

One of the most sustainable ways to conquer this situation is to contribute a certain percentage of your income. For instance, you can agree to allocate 30% of your income towards household expenses and other miscellanous. Both parters will be paying the same percentage to other expense categories such as utilities and transportation.

STRATEGY #3: TOGETHER AS ONE

Some couples prefer to establish a joint account with a foundation of trust and mutual understanding. With this account, you may allocate a percentage for entertainment. Entertainment includes funds for hobbies as well as vacations. Maintaining an account to fund an expensive vacation allows you to team up to achieve a common financial goal.

Motivation is elevated as you work together. Furthermore, your dual streams of income widens the resources for your funds.

STRATEGY #4: TOGETHER YET APART

Another strategy that can be just as effective is separating the expense categories based on one’s financial capacity. You will be responsible to pay for specific bills from your own account or savings.

Under this strategy, each person remains their individual bank accounts and identifies which expense they are responsible for. According to Andrea Rizk, the founder and CEO of of Risk Public Relations, this arrangement maintains maximum financial independence.

Image Credits: pixabay.com

At the end of the day, you must choose a strategy that works well with your personalities and relationship dynamics.

Sources: 1 & 2

5 Dollar-Worthy Personal Transformations

The year 2017’s closure is upon us! There is always something about the turn of the calendar that makes people itch for a dramatic change. Dramatic life change begins in personal transformations. Reinventing yourself can be the most profitable investment that you will make.

The unwavering effort that you put into investing in yourself plays a significant role in determining your quality of life at present and in the future.

TO THE FIERCELY BOLD

One of the quickest transformations that you can employ is wearing a red lipstick. Its classic and feminine shade is universally wearable for all skin tones. It makes your teeth look whiter too! Furthermore, it can leaves a lasting impact on job interviews or first dates.

Choosing the perfect red lipstick is similar to choosing the perfect jewelry. You must go for the piece that attracts you the most. I, for one, recommend MAC’s Ruby Woo or Smashbox Bawse by Lilly Singh.

LEAN TOWARDS SELF-CARE

Even at a young age, my father imparted the importance of fitness. Fitness is more than just a hobby for him – it is his way of life. He makes an effort to choose healthier options as much as possible. Awareness of your physical health is a crucial part of self-care. Improve your holistic health by getting sufficient sleep, having a balanced diet, and taking a break.

Image Credits: pixabay.com

You do not have to spend too much to recharge yourself. You can either eat out with your workmates, briskwalk at the nearby park, or binge watch on Netflix. Unloading your stress every once in a while reduces the damage in your “overloading system”.

POLISH YOUR BRAND

Recruitment officers typically receive a volume of video and PowerPoint resumes. These methods shape one’s professional brand. You know that you live in the 21st century when you have to think of your online and offline branding.

Our dependence to the Internet paved way for the emergence of social media. Use social media to your advantage by keeping your online profiles relevant or current. Ensure that your pages carry the same profile picture, contact details, and writing style. Headhunters or recruiters can easily reach you when you reguarly update the essentials.

IMPROVE YOUR SKILLS

One of the core values that my alma mater embedded on us was the importance of lifelong learning. Investing in the expansion of your knowledge and skills can take various forms. The common route is to take a graduate degree. You can also advance by taking extra classes, relevant certifications, or online courses.

Other forms of skill investment avenues include creative workshops such as painting and pottery workshops. It is no secret that the scope of your education and the variety of your skills increase your employability.

TO THE GLOBETROTTER

Who says that personal transformation and endless entertainment do not go hand in hand? Roaming the globe entails immersing into someone else’s culture while having a relaxing getaway.

Traveling enables you to taste different cuisines, to smell different aromas, to listen to different types of music, and to observe other people’s opinions. Engaging in conversations with people from various ethnic backgrounds opens your mind to new perspectives. That mental transformation contributes to your maturity.

Image Credits: pixabay.com

Personal transformation begins with cultivating a newfound thought. Whether or not you are open to change, it is inevitable that it will happen. You can either experience minute changes such as cutting your hair or widescale adjustments such as starting a family.

Once you have committed yourself to a decision, take confident action. Remember what the Latin proverb once highlighted: “Fortune favors the bold!”

Sources: 1 & 2

Ideal Places To Visit For Year-End Travels

Over the weekend, I had the pleasure to spend quality time with my childhood friends. Our lengthy conversations led to a topic surrounding our itch to wander overseas. They were highlighting that they want to travel as a group, before the year ends. The brief cycle of months dawned on me!

In the blink of an eye, 2017 is coming to an end. Bid the fruitful year in the best way possible by arranging a memorable vacation or staycation. You do not have to break the bank to experience great adventures.

Consider these 3 ideal destinations:

THE IRRESISTIBLY WELL-ROUNDED BALI

Empty your mind and close your eyes. What is the first thought that pops into your mind when you visualize a relaxing getaway? Personally, I envision strolling at pristine beaches that overlooks the majestic mountains. Bali lets you experience this and more!

From historic temples to luxurious villas, Bali provides opportunities for interactive family sessions. You can climb the famous Mount Batur or take part in a rejuvenating yoga retreat.

Read Also: Tips For Hiking Alone

Saving Tip: Browse through the travel packages that your trusted financial institutions offer. For instance, UOB has the “3D2N Explore Bali Your Way” and “3D2N Ossotel Legian” packages. The former includes a round-trip airfare, airport transfer, accommodation, daily breakfast, and a 10-hour car disposal service. While the latter includes a tailored stay at a aesthetically-pleasing contemporary hotel. Prices for these said packages start at S$448.

THE BRIGHT CITY LIGHTS OF HONG KONG

One of the most accessible countries in the Southeast Asia is Hong Kong. If your fantasy vacation includes the vibrant nightlife and mouthwatering street food, Hong Kong is the place to be!

How can you think twice about going anywhere else when the tempting aroma of Cantonese food breezes past you? Well, delicious meals are hard to resist especially for food-loving Singaporeans. You can also shop until you drop as you discover its bargain shops and markets.

Image Credits: pixabay.com

Saving Tip: Absorb the technique of travel agencies by using comparison sites such as skyscanner.com.sg and cheapflights.com.sg. Thanks to modern technology, you do not have to spend countless hours on the tedious search through every airline out there.

THE ECCENTRICALLY ARTISTIC MELBOURNE

Looking forward to showcase your collection of sweaters and coats? Experience the chilling winds brought by the South Pole as you explore the wonders of Melbourne. Navigate bravely through this city to be greeted by friendly inhabitants and culturally-rich establishments.

As an art junkie, I can recommend visiting their museums. You can drop by the Heide Museum of Modern Art or the Melbourne Museum. You do not want to miss the “Melbourne Cup” every November. This is a massive horse-race event that is celebrated throughout their nation.

Image Credits: pixabay.com

Saving Tip: If you are a spontaneous traveler, consider spotting the last-minute bargains. Last-minute deals come in handy with an occupation of ever-changing schedules. Try visiting Expedia to book for a last-minute flight to Melbourne.

Make Instant Travel Insurance Claims at Changi Airport with HyfeAssure

Consumers typically grapple with various issues when trying to file travel claims with travel insurance providers. For instance, consumers might lack the knowledge with regards to the administrative process of filing claims. This could be due to a lack of provision of clear instructions from the travel insurance provider. It is just as likely that the consumer is not bothered to find out more about the claim process until the actual need arises. Even if the consumer successfully files a claim, the process can potentially be cumbersome due to the multiple verifications required and the lengthy time involved before a claim is successfully processed. As a result, the traveller might remember less about his or her wonderful holiday, but more about the unpleasant experience with the travel insurance provider. The good news is that travellers in Singapore can now cast such worries aside as instant travel insurance claims can now be made at Changi Airport with HyfeAssure.

For the first time in Singapore, HyfeAssure allows travellers instantly process their travel claims at the Changi Recommends counters located across all 4 terminals in Changi Airport. HyfeAssure is an innovative travel insurance product underwritten by HL Assurance for Changi Travel Services. With HyfeAssure, customers can now furnish the necessary supporting documents and submit travel claims for medical expenses, travel delays or misconnections, baggage delays and baggage damages and receive immediate payouts up to $200.

This is how HyfeAssure works:

Upon returning and touching down at Singapore Changi Airport, a HyfeAssure customer can proceed to any of the Changi Recommends counter located at any of the 4 terminals.
Travel claims for cases such as medical expenses, travel delays, baggage delays, baggage damage and travel misconnections can be processed immediately at the Changi Recommends counter.
Customer must furnish the relevant supporting documents such as original medical reports, invoices from medical clinics and baggage loss and travel delay reports from airlines.
Customer service officer at the Changi Recommends counter will make an immediate assessment of these claims. Once approved, the customer can get up to $200 in cash on the spot!

As the process has shown, HyfeAssure instantly brings travel convenience up another notch since its customers can now file and receive travel claims once they touch down.

Besides the convenience factor, HyfeAssure is also competitively priced. Travellers can enjoy 50% off travel insurance when they use the promotional code 50OFF. The low and competitive premium represents excellent value for holiday-goers who would like to have a greater peace of mind when travelling. Therefore, with HyfeAssure, travellers can now kiss goodbyes to bad travel claim experiences ruining their holidays ever again!

Sky is the limit

Don’t start with live account

Choose a simple strategy for your beginning

Never overtrade, never rush

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