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Binary Trading – The Rock Star of the Financial World

Fast, easy, and one of the most popular types of financial dealings, binary trading has attracted many people. There are currently hundreds of brokers on on-line platforms such as that caters to it. Traders can place their ‘bids’ from their home computer or while on the go, using their mobile phones. The sky is the limit here.

Is it legal ?

Though binary options have been present on the market for a long time, many people are somewhat concerned about the legality of such ventures. Binary options can only exist as a consequence of the transparency of prices, and due to certain regulations. It is safe to say that this particular form of trading is legal in the entire EU territory. Brokers here have licences from a number of regulatory bodies, AMF in France, CONSOB in Italy, and CySEC in most countries. This means that the said broker is obligated to abide by the stated laws in the country they are regulated in, otherwise, they will face the consequences.

Regulations in the UK

Brokers in the UK are regulated by the Financial Conduct Authority. This agency, that is completely independent of the government, can either take away or give licences. It has the authority to suspend brokers that have a fraudulent behaviour. Therefore, the FCA is to be contacted if you have previously encountered one such broker.

This being said, if you are considering engaging in binary trading, you need to choose a good, registered broker. As searching for the best one in the extremely large pool can be a daunting process, you will be relieved to know that platforms such as, have lists of great, fully regulated brokers. Picking the right one from the list will only be based now on welcome bonuses and percentages.

The pros of binary trading

  • Less anxiety than in the case of regular trading-

This is because you do not have to buy an asset and then wait for the best time to sell it for a good profit. You only need to predict if its value will either increase or decrease to a target period.

  • Quick money –

If you play it smart, you can increase your capital in a matter of minutes. There are also many brokers that have an option of a weekly payoff from 500%.

  • Easiness –

Binary trading is pretty straightforward, eliminating the multitude of variables classical trading is based on. No more correlations and complicated time frame to consider.

  • No fees –

This entire system is based on a payoff/ rebate backbone.

  • No margin call –

You are only allowed to use the exact sum you have in your account, eliminating any potential fortune loss in case the market is not favourable to you.

The cons of binary trading

  • There is risking –

There is a level of risk as with every single form of trading. This is why it is advisable you have a certain amount of knowledge regarding the asset you are involved in.

  • There are few trading tools –

As most ‘dashboards ‘ do not have a support system to carefully guide you, you might be flooded with adrenaline and react too quickly to what you see.

All in all, the best way to engage in binary trading are to ease yourself into the process and practice on a demo account before you dive into. After all, practice makes perfect.

Fix, improve, but don’t sell

Predicting the future is a skill very few possess, but since the worldwide dip in the global economy in 2008, there have been significant changes to the reasons people borrow money, and the manner in which financial institutions lend it, and it would be safe to say, it seems, that some of these trends are here to stay.  At least for the short to medium term.

One of the most significant trends has been observed in the home loans market.

There has been a steady downswing in applications for home loans, and due to job losses and much smaller annual increases in salaries, people have not been able to qualify for home loans to match the property values of the homes they have been interested in buying.

For this reason, home owners have been more inclined to taking loans or extending their mortgages to effect improvements to their homes rather than selling and buying a new home.

It would seem that adding on a bedroom, or revamping the bathroom or kitchen, at a fraction of the cost of a new home loan, is enough to get people to stay in their homes for the longer term.

The spill-over effect to the construction and renovations companies has been vast.  Garden landscaping, painting and resurfacing of homes, and re-roofing have become some of the most common reasons people are lending money from the UK loans market.

The recessionary behaviour of the global money markets has also necessitated that the average middle-class family is expanding in the sense that older family members are selling their homes and moving in with their children because they can no longer afford to pay the mortgages or maintain the homes they live in.

There is a general consolidation taking place.  People are downscaling and lowering their personal debt burden to be able to maintain a reasonable lifestyle.

Homeowners are also approaching their home loan financial institutions for re-evaluations of their properties and re-negotiating fixed interest rate loans.  As the shifts in the lending markets have been happening progressively over almost a decade, it seems that the institutions are becoming more open to these requests from their customers, rather than risking losing customers to competitors in the financial industry.

The emergence of a new wave of financial products providers in the private sector has put tremendous pressure on traditional banks to relook at their offerings to customers and to move forward with new ways of doing business.

In the spirit of “Supply and Demand”, the demand for more favourable lending terms has put enough pressure on the loans market to shape it into something new, and to open doors for consumers to not only have access to a broader range of products that can be tailor-made to fit their specific needs, but that also need to comply with more stringent regulations to ensure the consumer is engaged in a fair play situation with their financial institution at all times.

The individual has far more negotiating power today than ever before, and, in many ways, this will benefit consumers as a whole.

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