7 Tips to Keep Your Books in Order

by Sean Bryant on June 30, 2015

Tips to Keep your books in Order

When you own a small business, it can be tempting to leave the back office operations for another time. You may get down to bookkeeping basics when it is time to reconcile your accounts at the end of the month, but if you are waiting to keep your finances straight don’t be surprised if they zig instead of zag.

Rather than risk issues with your investors and financiers — or worse, the taxman — protect your small business by keeping your books in order. Here are some easy ways to take care of business.

Personal and Business Should Always be Separate

The worst mistake you can make as a small business owner is to mix your personal expenses with your business ones. Don’t do it. While you can always record the mix as a financial transaction for which you pay the company back, most people skip this step, especially for small items like buying a candy bar at Staples. It sounds small but it robs your business, which is a separate entity from you, from revenue and it puts you at risk for failing an audit.

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Experience the Big Apple on a Budget

by Sean Bryant on June 29, 2015

Big Apple on a Budget

According to the official website of New York City, the city saw 54.3 million visitors in 2013, with an expected overall economic impact of $58.7 billion. Lonely Planet shows midrange New York City hotels running upward of $300 a night and dinner for two ranging around $130, depending on the restaurant.

Despite New York’s reputation for expensive amenities and attractions, there are ways to see the city on the cheap without compromising on fun. Here are a few attractions to consider:

Take a Free Tour

New York offers hundreds of tours ranging from blockbuster movie themes to the photography-inspired. Free tours are also available in multiple languages for budget-conscious tourists who value an insider perspective on the city. Provided through the Welcome-Visitor Service with help from New York City volunteers, Big Apple Greeters share their expertise and can offer customized tours on subjects like architecture. They can also be a great resource to help visitors find their way around.

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Timing is Everything: When to make your Move

by Sean Bryant on June 26, 2015

Moving is Everything

Whether you’re moving a few neighborhoods away or across the entire country, relocating is never a minor decision. Figure out the best timing with a few tips:

Consider All Elements

You have so many things to think about when moving that it’s easy to get bogged down with the minutiae. You might become so fixated on which of your housing options has higher quality granite countertops or the convenience of the laundry’s room layout, just to look up and realize you haven’t taken the surrounding neighborhoods into account. Yes, the small things matter. But there are more ancillary factors that can matter just as much and should not be bypassed in the process.

Consider the weather during your preferred moving time. If you’re looking to move somewhere with a cold climate, avoid moving in the dead of winter. Or if you do choose to relocate during that season, look into car insurance in your new home state before you go. Making sure you’re covered in the state to which you’re headed will go a long way in giving you peace of mind when you move in inclement conditions. Along those lines, you can use a tool like InsuranceQuotes.com‘s map tool to quickly find an estimate of the cost of your future car insurance.

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5 Innovative Money Making Tips

by Sean Bryant on June 23, 2015

Money Making Tips

In recent years there has been a notable rise in young people falling into debt. With increasing living costs and astronomical renting prices, it’s of little surprise so many young people in the UK find themselves struggling with debt at one point or another. In fact 600,000 people aged 18-25 contacted debt charity, StepChange in 2014. Luckily flexible finance is on the rise, with more and more professional lenders offering installment loans focused on customer choice and responsible lending. This means that young people can have access to cash they really need and pay it back in sensible, realistic installments. However, to stop the issue from spiraling it makes sense to advise young people on how to avoid debt altogether. Here are just a few ways that you can make some quick and easy money to keep your finances topped up.

Sell your skills

Ever wondered if you could go into show business with your unique party trick, or whether your sketches and drawings are worth anything? No matter what your additional skills are, you could be a pretty penny from selling them online for a small fee. Using your unique hobbies and talents you can carry out small jobs for others, earn money and do something you enjoy all at once. You will be surprised how many people are looking for someone to do birthday messages over video, illustrated invites or looking for someone to write a speech. An online marketplace like Fiverr.com is a fantastic place to start.

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What You Need To Know About Automated Trading

by Sean Bryant on June 22, 2015

Tired of losing money online? Or is it that you just want to increase your profit margin in your online trading account. These are some of the driving factors towards the growth of automated trading over the last few years.

Other traders basically prefer automated trading because they do not have the time to keep track of the rigorous and harshly punishing market, while others simply lack the expertise to do things on their own. I am not talking about a mutual fund here, or the 401-K.

I am talking about a type of trading that involves minimum interaction to with the trader, while a software-based system takes care of the rest. Automated trading software is capable of picking trades for you as well as closing them at the right time based on a set of rules developed by the software maker and a few added conditions by the user/trader.

So Why Automated Trading

I mentioned briefly that not all traders are able to conjure up some magic in the world of online trading and thus earn meaningful gains. In fact, according to research, 90% of retail traders including those in forex trading and future options cannot consider themselves successful.

This fact has created an incentive for trading software developers to develop various trading systems that are designed to help novice and inexperienced traders to make some meaningful cash from online trading.

Additionally, some people have full time day jobs, while others simply cannot come to terms with the market and would prefer using third party trading services to do the job for them.

What can you trade with automated trading software?

Most traders looking to capitalize these types of systems are trading the Forex markets. Basically, with forex trading, traders can trade various currency pairs, commodities and in some cases CFDs.

Forex Automated Trading Software

Most traders can now come up with their own trading systems also known as Expert Advisors, thanks to trading platforms such as MT4, which allow traders to automate trading.

Generally, these trading expert advisor systems are based on various indicators and some specific inputs by the user. The image below is a snapshot of a sample MACD-based Expert Advisor system, which allows traders to auto trade via the MT4 platform.

The Meta Trader 4 Expert Advisors can also be used to pick trading signals while traders place trades themselves, which allows them to bring in personal judgment thereby avoiding being caught up in situations where technical indicators fail.

Some of the most likely triggers of such situations are heavy market events and unexpected activity from corporate traders. Therefore, it is advisable that when using automated trading software to trade online, traders ensure that such events are filtered from their systems, which means no trading signals are generated during such times.

Trading

Choosing a third party auto trading system

Ideally, every great opportunity will always be faced with various challenges. Now following the influx of automated trading systems over the last few years, some people have sought to be canny and hence floated scam systems online.

Unsuspecting traders have found themselves on the wrong end of this crime, and thus it is good to observe caution when choosing an automated trading software from a third party organization or individual.

Therefore, it is important that if available, ask for the free trial period to test the system before purchasing. Additionally, it is also good to ask for proof of results in order to determine how the particular system has performed in the past. It is more or less back testing a trading strategy, so you would want to make sure that you won’t be paying for a system that robs you money rather than win you some more.

Finally, make sure that the price is reasonable and that it fits well in within your trading plan. You do not want to buy automated trading software that costs you $1000, when you only plan to invest $300.

Wrapping it up

The bottom line is that most Automated Trading Software developers will always advertise the good side of the product, as will many brokers, but few will care to look at the other side of the coin and reveal the drawbacks of using such programs.

Nonetheless, if you are really looking to make money online from trading various currencies, and if you do not have the experience to make it big time, A careful look at some of the other ways of trading the market such as using automated trading software may be a viable option.

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How To Profit From The Evolution Of Economies

June 18, 2015
Currency Trading

The study of economic activity, or economics is one of my favorite areas of study. That’s because every economy in the world is constantly changing. More importantly, because of the correlation between the health of economies and the currencies attached to those economies, I’m able to make money in the foreign exchange market; and believe […]

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The Five Best Ways to End Your Career Quickly

June 17, 2015
End Your career quickly

I have written a lot about earning money on the side, how to get ahead in your job, becoming an expert, and multiple ways that you can make the most of your finances. Today I wanted to take a little bit different approach. I want to show you how to end your career quickly, or […]

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