Month: May 2020

Where to Spend Money During a Pandemic?Where to Spend Money During a Pandemic?

Hoarding phase has finally settled. Now, the realities of social as well as physical distancing and the pandemic that Covid-19 brought are settling in. You may now wonder whether it is still good to buy your “wants” during these times. Perhaps, you are thinking hard if you should push through for a major purchase such as a new car or a new home.

Taking the dive on major purchases throughout this time is still like trying to navigate on uncharted waters. The same is true for financial experts. However as per their expert advice among families who are looking forward to spend their money regardless of the situation will depend on the situation.

Focus on the Essentials First

Does your pay cut off or has unfortunately lost your job? If yes, now may not be the ideal time to worry about the next purchase you should make aside from necessities similar to:

  • Housing
  • Food
  • Utilities

In the event that you are already struggling to stay afloat on a day to day basis meeting these necessities, then making a new purchase of that “want” is probably out of the equation.

On the other hand, if you are blessed to be part of those lucky people who were quick to adjust to a “work from home” setup or was just able to keep their employment, then most probably, your income is still intact.

Regardless, if the economy hampered, rest assured that the ripples could be widespread and delayed. With this in mind, financial experts agree that it is better to take every decision with caution, even though if there’s a Coronavirus relief program.

Say for example that you are in a bad financial shape no matter if the pandemic is to be blamed or not, buying high-priced items like a new car or going on a vacation will never be a smart move.

Revisiting Your Goals

In these times of pandemic, there is a high possibility that you are heavily relying on your credit card while sticking to a hair-tight budget. This makes it the perfect time to make reevaluation of your financial goals.

According to experts, the primary objective among families in such time is preserving flexibility of cash flow no matter whether your finances are impacted or not. Meaning to say, being able to have cash on hand if things go south. Additionally, it may mean to delay some major purchases that you have planned long ago, monitoring your spending and come up with a pandemic budget for essentials and food in short term.

Just in case that all else fails, you may try getting a loan at https://www.southeasttitleloans.com to cover for some expenses.

Binary Options Trading : Gaining Popularity Amidst COVID-19 CrisisBinary Options Trading : Gaining Popularity Amidst COVID-19 Crisis

Investors are gradually turning their attention to binary options trading instead of venturing into stock markets, because world economies are still in a limbo.

Obviously, the effects of the COVID-19 pandemic have struck nearly all industries in many countries. On the other hand, price per share of those benefiting from the COVID-19 lockdown measures are too high for comfort, at a time when there is still uncertainty on how economic fallouts can be resolved.

What Makes Binary Options Trading Attractive to Prospectors?

Binary options trading involves speculating on the future price of an investment asset, e.g. foreign currency, cryptocurrency or precious metal. The method is simple; an investor speculates if his investment asset will reach a price that will generate an expected yield or not.

By the way, this trading method is called binary because an investor has only two propositions to decide on; either a “Yes” or a “No” answer on whether he believes his investment asset will hit a price that will yield gains or not.

Outcomes or results are fast because binary options trading transpire within a specific period only, which can expire in as short as 60 seconds. An investor’s yield however, is based on the price he speculated, without any option to sell his investment asset at a potentially higher price. Winnings will come from the investment asset of the binary options trader who speculated on the opposite proposition. In some cases, the broker who offered the binary options trading deal, acts as the opposing party.

Apparently, there’s a high degree of risk involved, because if the investor is on the losing end of the “Yes” or “No” proposition, he stands to lose the asset invested. That is mainly because there is no actual buying and selling involved; only an exchange of price speculations. It is actually similar to placing one’s investment asset as stake to a gambling proposition to bet on a high or low number.

Reducing Risks on Binary Options Trading

If there is a great deal of risks involved, then why is binary options trading gaining popularity?

Apparently, there are ways to reduce risks in trading with binary options, and it starts with choosing the right broker. That being said, the next question that would be posed by those contemplating to participate in binary options trading is, “Who is the right broker?”

First off, consider only duly registered brokers offering this type of trading in the country where one is located.

Let’s take one of the most popular brokerages offering binary options trading, IQ Option Europe Ltd.at ipoption.com. This broker is registered with European Economic Area, the organization of European countries, not necessarily members of the European Union, but involved in facilitating European market trade. IQ Options Europe Ltd. is also registered with the Cyprus Securities and Exchange Commission (CySEC), which closely and seriously monitors unfair market trading practices.

The next aspect to look into is if a broker provides prospecting investors with a demo software. That way, customers can practice not only how to trade on futures,but also how to analyze the binary options trading market and the underlying conditions. All of which can help a newbie gain confidence by becoming completely familiar with how trading on binary options work.