How to Capitalize on Growing Silver Prices

Posted by Deb | Day Trading Journey,Guest Post,Investments | Tuesday 23 August 2016 11:59 pm

SilverInvesting in silver is like any other investment. There are always risks, but there is also that potential to earn money. There is no real secret to succeeding in this kind of business venture. However, it pays to be informed and learn the correct investing practices that can help the investment succeed.
Silver or Gold?

Silver is known as the poor man’s gold. Like gold it is a high risk investment, but the investor stands to gain a lot if the silver is invested wisely. Much like gold, silver prices are steadily on the rise. But unlike gold, silver is easier to attain since it is not as expensive. So an investor with limited resources can make use of this commodity to make his investment balanced and safer at a lesser cost.

Higher Potential Rewards

In a market where share prices are rising or are expected to rise, there is a higher increase of value in silver compared to gold. This may be because of factors like supply and demand and volume of the commodity being traded. So a good thing to note is when the market is bullish or rising, then it would be a good idea to put money on silver rather than gold.

The Demand for Silver

Silver is a metal that has many medical and industrial applications and people are finding new uses for this precious metal every day. It is used in computers, laptops, cell phones and other devices. Not only that, it is used in the medical field because of its anti-microbial properties. This is silver that is not returned to the stockpiles. This will eventually increase the demand for this metal and will lead to higher prices as the demand gradually increases.
Silver as a Commodity

Like its more expensive counterpart, silver is a fixed value commodity. The price generally remains the same except in certain circumstances where there is a possibility for the value to increase. This makes it a lesser risk when trading, especially in places where there is political unrest. Silver, like gold can be used as a currency without fear of losing its value in such a delicate situation. The value of silver will remain the same.

Silver CoinsKnow when to buy and sell

Like all items in the stock market, silver prices can and will fluctuate. The secret is buying when the price is low and sell when the price is high. One has to consider that there are certain fees to pay when dealing with silver so it would be a good idea to find out when the price is at its lowest and when it is at a high enough prices for the investor to earn a profit after the fees.

Trading silver is not an easy task. The market is also unpredictable, so it will be hard to guess when to jump in and when to get out. Silver may be a better investment than gold, but investing

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What is Your Main Drive – Pleasure or Fear?

Posted by Deb | Day Trading Journey | Monday 24 February 2014 10:03 pm

A friend told me this story: He was driving back home very late, or actually very early in morning – around 2AM. In the middle of the way, he saw a deer running up to the side of the highway and just stopping there – staring in his direction. The deer was about 1/2 mile ahead of him, as he was going about 65 mph, so he had only seconds to react. Thinking quickly, my friend flashed his high beams at the deer. Luckily, he turned and ran back into the woods almost immediately.

As my friend was telling me this story, we were wondering what he could have done if that deer had darted out in front of the car instead of turning back. Luckily, we didn’t have to find out.

We tried to figure out: Why did he turn back instead of darting across the highway in front of the car? Did the flashing high beams make him sense danger and move or was it the sound of approaching car that made him turn back? I suppose we don’t have any way to know.

Anyway, this brings me to the point of this rant: In a lot of ways we are like that deer.

Sometimes we run away from things that we fear instead of moving towards things we want and it’s often difficult to figure out what motivates us to do the things we do.

I heard once a lecturer who argued that the successful people are those who are mostly motivated by the pursuit of pleasure rather than pain. In trading, I know that being constantly afraid of losing is the worst thing. You will end up closing all your successful trades to early, and won’t be able to make any profit. You have to be somewhat afraid of pain so that you will be careful, but letting that be your main dirve will lead to failure.

Many people are motivated by pain or fear: Fear of not having any money, fear of losing the money they have, fear of not having enough money to pay their bills or send their kids off to college, fear of losing their place in society.

What’s your motivation?

Many people are driven by some bad memory of failure. This failure takes possession of their thoughts and hopes, and doesn’t let them motivate themselves for success. The fear of failure is so big, that they repeat it again and again.

How much of what we do is being influenced by of some kind event in our lives that sucked or other people?

Someone once told me: “If you don’t take charge of your life there are lots of other people who will be happy to do it for you.”

Don’t be that person. Take charge of your life. Move yourself toward self-directed behavior.

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Do you play the guitar, or any other instrument?

Posted by Deb | Day Trading Journey,Uncategorized | Sunday 5 January 2014 12:37 am

This post here is completely off-topic. I wanted to tell you about my new business: I decided to start selling on Amazon. I have opened a new brand for music accessories, and have just launched my first product: A Metronome Tuner. It is a cute little device, very easy to use, with great capabilities: It has automatic-mode tuning for guitars and bass, and chromatic mode / tone generator for tuning other instruments. When tuning, you can see on its large LCD screen very clearly how far you are from the right tone.

In the metronome mode you can change between 8 rhythm variations, and also select your tempo and beat. The device an adjustable voulume control, so you can choose if you prefer a quiet nudging sound or a loud sound, which can be heard well even when you are playing.

The metronome has a support clip with which you can place comfortably on a chair, table or piano so you can see the screen clearly while playing or tuning.

As you can see, I am excited about this device, and about this new business venture in general. I really recommend it for any musicians out there, or for music students – adults and children alike. (My 11-year-old daughter just started playing the guitar a few months ago, and loves using it for tuning).

As I am celebrating the launch of my Amazon selling career, I would like to give readers of my blog a nice discount. So please follow this link here, and put in the promo code FUTPROMO to get a $15 discount. This code is valid only till next Sat., January 11.

If you use this code, I would like to ask you a favor: please leave me a review on the product’s page. Don’t write only complimitents: Give me you honest thoughts about it. Thanks!

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This Blog is Listed in “The Top 100 Future Trading Blogs”

Posted by Deb | Day Trading Journey | Monday 11 November 2013 5:53 pm

I got a notice that this blog is listed as one of the Top 100 Future Trading Blogs. I am honored!

It was listed in the category “Personal”, if you look there. I guess that would be the right category.

I know I haven’t been posting much lately; I am so busy lately with other venues. I intend to write soon about my adventures with eToro. I have been very pleased with the results. Of course, as with any trading, there are the bad days, but all-in-all I have already made 30% on my investment there, in about 6 months.

I am also invested in stocks now, still learning how to do it, but enjoying it. It seems this kind of investment is better for me; it leaves me less stressed.

I hope to write about all this some time soon. I’m off to get the kids now.

 

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How To Become A Leader At eToro

Posted by Deb | Day Trading Journey | Tuesday 3 September 2013 12:37 am

World businesses are going towards recession, and it is natural for people to look for jobs which are also at the minimum level. The only option left for them is to look out for other ways of earning money. But, it is difficult for a person to be master in everything. He has to have proper knowledge of the field where he wants to invest money. Forex through Copy trading is one of the easiest ways that may be employed to earn money without having any experience.

eToro is the website that is an embodiment of help for its clients. With more than one and half million users, it has grown to be one of the best Forex trading and stock indices related business activities. The company is licensed from the regulatory authorities and has links and associations with many Forex and Stock exchange companies of the whole world. Becoming expert, here, is as easy as 1, 2, and 3.

Common man who enters this site for the first time is naturally afraid of investing here. He has to have credentials and these things are provided to him by different people who are successfully running their business transactions at this platform. They will do their all out efforts to ensure that they always win. This is the key point. You have to choose a Guru. You follow his leads and invest just like him. The chances are that you will also win just like him.
Some people have spread rumors in the market against eToro, and they would call it a scam. They would bring fictitious stories in the market to let people believe in what actually never happened. Some competitors of this company are also doing this kind of things.

But, as you can see, the company offers virtual money of $10,000 for every newbie. It means you do not have to invest at all in the beginning. Just use this virtual money without bothering about winning or losing. This will bring perfection in your investment strategy. $10,000 is an enough amount to lose. So, without any obligation, use it and get trained in the field. If, after some time, you feel confident, you may go for actual investment.
Etoro forums and eToro Forex trading options are clearly for those who are not satisfied with their current earning. It is a source of secondary income for these who can invest money and time. This way, they can get everything according to their expectations.

Etoro platform is especially beneficial for people who have been associated with business and commerce. They already have got numerous techniques and know about the terminology that is used in Forex trading. It is, therefore, easier for them to use this platform to earn more and more income through this way. Leader is the one who leads others. By winning for yourself, after gaining experience, you will also become a leader or guru of many other people. This status will bring further benefits, monetarily and respect-wise, for you.

About Author:
There is a complete guidance about etoro copytrader at intellitraders.com. Anyone can access the instruction by visiting the site.

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Don’t Stretch Your Stop Loss

Posted by Deb | Day Trading Journey | Saturday 10 August 2013 11:33 pm

I would like to speak today about a habbit I once had, and recently heard about other new traders who are getting into it: I spoke with a new trader, who realized that when his trades go bad, with the market going stronly against him, he can often avoid loosing by stretching his stop-loss. He takes a bigger risk, and when the market seems to find a new critical point he adds new orders from the new critical line, thus “averaging” his losses. In this method he can make even double profits, since if the market goes back to its original possition, he will have more money or contracts invested and make more profit!

I know I have been doing this mistake a lot, and usually it works. When I used to do it, I made very nice profits over a long period of time. So what’s so bad about this, you ask?

Stop-losses are exactly what their name means: A point in which you think the trade has gone bad, and in which you should get out of the position in order to stop your loss. When entering a position, you should calculate exactly where you would like to put your stop-loss, so as not to loose too much. You don’t want to have your stop-losses too tight, otherwise they will catch before the market has a chance to retreat to your desired direction. Place the stop-losses in a position which is sensible by the graphs. If you see the stop-loss is too big for your account, simply do not enter this position. Wait for a better chance.

Putting a tight stop-loss and then stretching it will make you risk too much money. In most cases, by averaging out – entering again in the next critical point – you will be able to exit the position with a nice profit. But then, one day, the market will surely continue to go against you: It will continue breaking the subsequent critical lines, and if you go on “averaging”, you will find out you have wiped out your account.

Stretching your stop-losses is a bad practice. Lazy traders who do not want to calculate the right place for the stop-loss will find it appealing, but the big boom is sure too come. Don’t trade without good stop-losses.

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How to Get Over Your Fear of Entering the Stock Market

Posted by Deb | Day Trading Journey | Tuesday 14 May 2013 12:45 am


Trading in the stock market is a great way to grow your fortune — or to lose it all. It’s the first part that gets people really excited, and it’s the second part that makes them terrified to ever try at all. Learning how to trade, understanding how to read the symbols, researching the companies to make your choices, and navigating all the technical jargon can make the whole process very confusing and very intimidating.

It is important to find ways to get through it so that you can take full advantage of the potential that the stock market offers. Here are a few tips for how you can get over your fear of entering the stock market so that you can start pursuing your financial freedom:

Learn Everything You Can

Knowing is half the battle. Most people feel overwhelmed or intimidated by investing in the stock market because there is so much that they don’t yet know. You can feel more confident by simply doing your research. Learn the ins and outs of the stock market: how it works, how to read charts, and how to buy and sell. Then research companies that you may be interested in for investing.

Read as much as you can. Talk to friends, family and colleagues who invest to get some pointers (though you should avoid any advice about stock picks). Frequent blogs and authoritative websites. The more you learn, the better choices you will be able to make and the more comfortable you will feel.

Practice

There are many websites and software packages that will allow you to practice trades without spending any real money. You can simulate actual trading without having to take any risks. The more you practice, the more you will learn and the more comfortable you will feel. Look for programs that will allow you to use real-time market information for the most impact.

Start Small

You don’t have to plunk down your whole nest egg to start trading on the stock market. You can start small to get your feet wet and start to feel more comfortable. Invest as little as $100 or as much as you feel comfortable. If you lose the money, it won’t be a big loss, so you can feel more relaxed about trading.

Even if you lose your money, you’ll learn from your mistakes. The more you do, the more you will learn and the more comfortable you will feel.

Try Out Dividend Stocks

The stock market is notoriously volatile. However, there are some investments that are more “safe” than others. Dividend stocks are one such safer investment. These are usually investments with older companies and they offer regular payouts. They offer you some protection in your investing choices, so they can help you to feel more comfortable when you are just starting out.

There’s no need to feel intimidated by investing in the stock market. You can use these strategies to help you feel more comfortable so that you can start to invest and tap into your potential to increase your income or maybe even find financial freedom.

How did you get over your initial fears of investing in the stock market? Tell us about it in the comments!

The Author:

Kelly Opferman is a seasoned writer with an educational background including finance, teaching, and economics. She is launching a new app at Auto Loan Calculator.org.


 

 

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