Category: Trading (Page 1 of 2)

Become an Expert with an eToro Practice Account

February 26, 2023 / Frank Nez

Trade stocks, crypto, currencies, indices, with eToro practice account.

An eToro practice account, also known as a demo account, is a valuable tool for anyone interested in trading financial markets.

With a practice account, traders can test out different strategies and gain experience without risking any real money.

In this article, we will explore the benefits of using an eToro practice account, how to set one up, and some tips for making the most out of it.

Benefits of Using a Trading Practice Account

The benefits of using an eToro practice account are numerous.

Firstly, it allows traders to test out different strategies and see how they perform in the market without risking any real money.

This is important because it allows traders to make mistakes and learn from them without incurring any financial loss.

Additionally, a practice account can help traders become more familiar with the eToro platform and its features, such as the different types of orders and charting tools available.

Another benefit of a practice account is that it allows traders to practice their risk management skills.

This is important because risk management is a crucial aspect of trading, and it is essential for traders to be able to manage their risk effectively in order to be successful.

A practice account enables traders to test out different risk management strategies and see how they perform in the market.

To set up an eToro practice account, traders need to create a free account on eToro’s website.

Once the account is created, traders can access the practice account by clicking on the “Practice” button on the top right corner of the eToro trading platform.

The practice account will come with a virtual balance of $100,000, which traders can use to practice trading.

Which Markets Can I Trade with an eToro Demo Account?

An eToro demo account will give you access to trade the following:

Stock market
Crypto market
Commodities market
Currencies
Indices
ETFs

Stock Market: trade stocks such as the SPY, Tesla, Apple, the Nasdaq, and many more.

Crypto Market: trade crypto such as Bitcoin, Ethereum, BNB, Cardano, and more.

Commodities: You can even trade commodities such as Gold, Silver, Oil, and even Wheat!

The number of markets you can trade with the eToro practice account is one of its coolest benefits.

One that many other trading accounts don’t have the capabilities of doing.

Let’s now look at some great tips for trading on a demo account you may find extremely useful.

Tips for Trading on an eToro Demo Account

Once the practice account is set up, traders can start experimenting with different strategies and testing out different trades.

It’s important to remember that the practice account is not a simulation and the market conditions, spreads and other parameters are real-time (another benefit).

One important tip for making the most out of an eToro practice account is to keep a trading journal.

This is a record of all the trades that you make, including the reasons why you made them and the outcome.

Keeping a trading journal can help traders identify patterns in their trading and make more informed decisions in the future.

Another tip is to make use of the eToro social trading feature, which allows traders to follow and copy the trades of successful traders.

By following and copying the trades of successful traders, traders can learn from their strategies and gain valuable insights into the market.

Lastly, it’s important to remember that the purpose of a practice account is to practice and gain experience, not to make quick profits.

It’s important to approach trading with a long-term mindset, and not to get discouraged if things don’t go as planned.

A practice account will help you develop not just the skills you need to succeed in any market but also the discipline and grit it takes to win.

Closing Thoughts on eToro Practice Account

How to practice trading stocks, crypto, commodities, and more.

In conclusion, an eToro practice account is a valuable tool for anyone interested in trading financial markets.

It allows traders to test out different strategies and gain experience without risking any real money.

By setting up a practice account, keeping a trading journal, making use of the eToro social trading feature, and approaching trading with a long-term mindset, traders can make the most out of their practice account and become successful traders in the long run.

If you enjoyed this article, share it on your social media to help other like-minded people who also want to succeed as traders.

Start Practicing Now!

Things You Can Start Now to Earn More Money in 2023

November 25, 2022 / Curating Team

ways to make more money in 2023. — Ways to make more money in 2023.

The year is almost over but it’s not too late, there are still things you can start now to earn more money in 2023.

In this article, I’m going to walk you through 5 different ways you can begin to set yourself up for financial success next year.

If you enjoy this article, be sure to join the newsletter below for more content like this.

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Also, don’t forget to share this article on social media.

Let’s get started!

#1. Write a Financial Plan with Intention

One of the most important things you can do right now is to begin writing a financial plan with intention.

The intention has to be there.

What are your financial goals?

What are your income goals?

Journal them and create a plan on how to make those visions become a reality.

Perhaps you’re looking forward to saving your first $1,000, your first $10,000, or want to hit your first every $100,000+ in capital.

The best way to start that journey is to write it down as a plan first.

Identify what it’s going to take, and the rest will follow through.

#2. Practice or Learn New Skills Now

If part of your plan involves earning more money for 2023 and you’ve identified that you’ll have to take on a whole new industry or develop a new set of skills, start now.

The only way we grow is by learning, and unfortunately there’s no shortcut for it.

You can learn new skills such as copywriting, public speaking, trading, graphic designing, website creation, sales, marketing, branding, etc.

Learning is painful because it’s slow and often times people put learning something new on the back burner to not start over again.

But the truth is you’re not starting all over.

You’re merely making yourself more valuable by elevating your standards.

If you want to make more money in 2023, chances are you’re going to have to do something different the new year than you did this year.

Remember, degrees don’t make you money, skills do.

#3. Solve Problems for Other People

how to make more money in 2023. — How to make more money in 2023.

This can be in the form of an actual business venture, or an educational or informational startup, such as an online business (blog, podcast, etc.).

You know this and I know this, there are people making a sh*t ton of money either online or through a traditional business model.

What these individuals are doing is they’re simply solving problems for other people in a particular community or niche industry.

Can you think of a way you can serve people in a manner that will solve a problem for them?

Whether their problem is they’re in the area and they’re hungry, or they don’t know how to dress themselves properly for a specific function, or they don’t know the basics of proper car maintenance.

There is something you know that can solve the problem for someone else whether that be physically or through an online platform.

#4. Start Putting Your Money to Work for You

how to put your money to work. — How to put your money to work.

If you have disposable income, the best thing you can do is to put that money to work for you.

Did you know you can buy stocks that will pay you a dividend every quarter?

These earnings then rollover and compound further growing your investment/net worth.

This of course just one example of how you can put your money to work for you in 2023.

If you have big capital at your disposal, buying a property cash could provide you with rental income while appreciating over the long-term.

#5. Create Something Original You Can Sell

how to earn more money in 2023. — How to earn more money in 2023.

One thing you can do now is create something original that you can sell.

It can be clothes, paintings, a service, a product, a book, literally anything that’s original.

You can learn how to sell on Etsy, Ebay, on Instagram Stores, or via a personalized website.

Heck, you can even sell at events or swap meets.

Your hustle is your hustle and you’re more valuable than you think.

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More Personal Finance

The Complete Guide to Trading Platform Development

November 16, 2022 / Frank Nez

Automated trading software development is the backbone of the digital economy. They are the engines that drive a trading session, and they also provide liquidity to market makers.

We need to understand how they work and what their role is in the market. In this section, we will discuss key concepts of trading platforms like open order book, buy sell market maker, disco and how these can be used as building blocks for creating trading platform applications. The trading platform is a digital marketplace where buyers and sellers can exchange goods and services. The platform’s functionality may include:

“I am a trader, I have to generate content on my trading platform. How do I do that? I have a lot of trading platforms to test and study. How do I choose one?”

The trading platform development is one of the most important parts of any trading platform. It consists of two main sections: While a trading platform can be developed from scratch, it is more convenient to use an existing platform. This section deals with the creation of new platforms using an existing one.

How to Choose the Best Trading Platform

As a beginner, you will be able to choose from many different trading platforms. The platform that you choose should offer enough features and flexibility to allow you to trade on a daily basis without having too much technical knowledge. Also, it should be easy for you to use and understand.

One of the most important factors when choosing a trading platform is what type of currency pair do you want to trade with? The most popular ones are Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Ripple (XRP). You can also find other cryptocurrencies like Cardano or IOTA on these platforms.

We all know that there are many trading platforms available out there, but which one is the best? We will give you a list of the top five trading platforms.

In this section, we will be explaining the various trading platforms that are available in the market today.

Dominant Strategies of Top Experienced Trading Platform Executives

A trading platform is an online platform that allows its users to trade and manage their assets. The platforms are designed to be used by both beginners and experienced traders.

Trading platforms are a very complex system of data, algorithms, and software that needs a lot of expertise to work properly. This makes it difficult for new traders to understand everything they need to know about the trading market.

The most experienced traders know how each algorithm works, how the market behaves in certain situations, what the best prices are for different assets and other factors that affect the price of an asset in real time. They also know what strategies work best for them so they can make informed decisions every day based on their own experience of trading.

They also have a good understanding of how people use the platform because they often trade with other people on the platform as well as against them in order to make money from their trades. So these top professionals use this knowledge when developing strategies for themselves.

What are the Best Crypto Currency Brokers?

Crypto currency brokers are the ones that allow you to buy and sell crypto currencies. They are also known as exchange platforms and they offer a wide range of services.

In the crypto world, there are a lot of brokers that offer their services to customers. Some of them are the best and most trusted brokers in the market.

We can find a list of these best crypto currency brokers in this article.

There are too many crypto currencies to list them all. The best brokers will be those that have the most functionality and can provide you with the best trading experience.

Retail Investors Have Big Opportunity in the Market Right Now

November 5, 2022 / Frank Nez

Stocks and Crypto to buy in a bear market. — Stocks and Crypto to Buy in a Bear Market | Opportunity in the market right now.

That’s right, even in today’s bear market, retail investors have big opportunity right now.

If you’re a new investor or entered the market during the bull run, chances are your portfolio is down significantly.

But don’t let your first bear market shake you off because there are numerous opportunities out there that have the potential to yield big returns.

If you’ve been reading my blog for a while now, you’ve more than likely capitalized on opportunities such as AMC, HYMC, Shiba Inu Coin, Terra Classic, and Bitcoin during properly and fortunately timed moments.

So, what’s new?

In this article, I’m going to go over the opportunities I see that lie ahead for retail investors.

None of the information on my blog is financial advice but rather speculative content based on current information and trends in the market.

And with that being said, let’s get started.

Not Invested in The Markets Yet?

If you or someone you know are not invested in the markets yet, the two articles below are going to walk you through, step-by-step on how to buy stocks for the very first time and how to buy cryptocurrency for the very first time, too.

Much information on how to invest in the markets is outdated so I wanted to create easy guides for beginners.

You can read them here to get started:

Remember, one of the greatest wealth you can share with someone else is that of knowledge.

Opportunities in the Stock Market Today

During a bear market share prices tend to tumble, hence why many long-term investor’s portfolios tend to lose value.

And although we can’t entirely time the bottom, we know that at some point the stock market is at a massive fire sale.

Value investors such as you and I can pick up shares from our favorite companies at these low prices before the market reverses trend.

Economists, analysts, and entrepreneurs alike predict there is still room for another 10%-15% drop in the markets.

But for the record, these are just predictions after all.

The point here is for value investors to capitalize on this falling trend by purchasing low and holding during the next bull market.

Whether you choose to capitalize on opportunities presented in a bull market or not will ultimately be up to you.

However, capitalizing during a bull market will require value investors to buy during a bear market, not during the bull market.

After being involved in the retail community for almost three years now, there are stocks and crypto that just stand out as having big potential during the next bull run and I’m going to discuss them below.

Stocks Worth Buying During a Bear Market

None of the information provided below is financial advice, but rather speculative in nature based on market trends and current information at the time of publication.

AMC Entertainment Stock (AMC)

You’ve probably heard all the ruckus on AMC and ‘meme stocks’.

It’s true, the stock jumped from $5 per share to an all-time high of $72 per share.

AMC Entertainment stock is currently trading below $6 again due to this bear market.

What makes this stock such an interesting value investment is that it has a huge community made up of millions of people who plan to take its current price up again.

Plus, the company has beat earnings every quarter since 2021.

Investing in the largest movie theater chain in the world could prove to pay out big during the next bull market.

SPY Stock (SPY)

I’ve talked about SPY stock numerous times on my blog.

It’s even made the list of best divided stocks to buy for passive income.

SPY is the S&P 500 index fund that tracks the top 500 performing companies in the U.S and has been a favorite amongst value investors for a long time.

Warren Buffett himself says he’s moving 90% of his wealth to this specific stock when he departs us.

Just this thought should speak for itself.

SPY has a great track record for its increased value over time.

Vanguard Real Estate REIT (VNQ)

I believe every value investor should have at least one great performing REIT, or Real Estate Investment Trust.

VNQ is Vanguard’s commercial real estate investment trust with a great track record since the recession of 2008.

The REIT is also on the list of the best dividend stocks to buy for passive income.

While the real estate market is set to retrace some of its gains, keeping an eye on this stock may provide retail investors with big opportunity during the next bull market.

GameStop Stock (GME)

What GameStop is doing with their NFT marketplace is genius and not a lot of people know about it.

Wonder why, *ahem, mainstream media*.

The video game company is making it available for people around the world to own actual digital items inside games through the use of blockchain technology.

The opportunity this technology will bring to entrepreneurs and flippers alike in the future is massive.

Investing in GameStop early on could have massive potential as our economy shifts towards the digital/metaverse economy.

Amazon Stock (AMZN)

Amazon is now affordable for just about any value investor to buy shares from.

The company stock traded above $3K per share before its 20-for-1 stock split made it available for everyone to purchase.

AMZN is currently trading below $100 per share and it’s a steal whether you’re anticipating another 10%-15% market drop or not.

Tesla Stock (TSLA)

Despite what you might think of eccentric billionaire Elon Musk, you cannot deny what the entrepreneur has created is fascinating in its own respect.

Tesla stock has shown outstanding growth in the past even after stock splits.

We’ve seen this company’s stock reach massive popularity during the previous bull market.

In fact, it was right under AMC Entertainment stock as the most searched for stock on Google in 2021.

Meta Platforms Stock (META)

Most boomer investors, like mainstream media, don’t truly understand the potential of Meta.

While Zucks might currently get made fun of by Wall Street ego, there’s a huge opportunity investing in early technology, especially a technology that one day may change the world as we know it.

Today’s innovators will carry the baton, whether old power likes it or not.

Crypto to Buy During a Bear Market

crypto to buy in a bear market. — Crypto to buy in a bear market.

Here’s a list of cryptocurrencies I’m keeping an eye on in today’s bear market.

Bitcoin (BTC)
Cardano (ADA)
Ethereum (ETH)
Terra Classic (LUNC)
Shiba Inu Coin (SHIB)
Dogecoin (DOGE)
Polkadot (DOT)
Polygon (MATIC)

Think a stock or cryptocurrency should be on this article?

Category: Trading (Page 1 of 2)

Become an Expert with an eToro Practice Account

Benefits of Using a Trading Practice Account

Which Markets Can I Trade with an eToro Demo Account?

Tips for Trading on an eToro Demo Account

Closing Thoughts on eToro Practice Account

Things You Can Start Now to Earn More Money in 2023

#1. Write a Financial Plan with Intention

#2. Practice or Learn New Skills Now

#3. Solve Problems for Other People

#4. Start Putting Your Money to Work for You

#5. Create Something Original You Can Sell

The Complete Guide to Trading Platform Development

How to Choose the Best Trading Platform

Dominant Strategies of Top Experienced Trading Platform Executives

What are the Best Crypto Currency Brokers?

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Become an Expert with an eToro Practice Account

Benefits of Using a Trading Practice Account

Which Markets Can I Trade with an eToro Demo Account?

Tips for Trading on an eToro Demo Account

Closing Thoughts on eToro Practice Account

Share this with the community.

Things You Can Start Now to Earn More Money in 2023

#1. Write a Financial Plan with Intention

#2. Practice or Learn New Skills Now

#3. Solve Problems for Other People

#4. Start Putting Your Money to Work for You

#5. Create Something Original You Can Sell

Share this with the community.

The Complete Guide to Trading Platform Development

How to Choose the Best Trading Platform

Dominant Strategies of Top Experienced Trading Platform Executives

What are the Best Crypto Currency Brokers?

Share this with the community.

Retail Investors Have Big Opportunity in the Market Right Now

Not Invested in The Markets Yet?

Opportunities in the Stock Market Today

Stocks Worth Buying During a Bear Market

AMC Entertainment Stock (AMC)

SPY Stock (SPY)

Vanguard Real Estate REIT (VNQ)

GameStop Stock (GME)

Amazon Stock (AMZN)

Tesla Stock (TSLA)

Meta Platforms Stock (META)

Crypto to Buy During a Bear Market

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Share this with the community.

Must Read

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