Multiply your money guides

Top methods for how to multiply your money. All our experts state that your attitude to risk is one of the most important things to consider before you invest your £10,000. “You must ask yourself: how much risk am I prepared to take? How long am I investing for? What are my investment goals?” says Mr McDermott. For more on this read What is investment risk? He says a medium-risk person looking for capital growth across a minimum 10-year investment horizon could consider weighting their portfolio towards 40% in the UK, 20% in the US, 15% in Europe and 5% each in Asia, Japan and other emerging markets, as well as 10% in so-called absolute return funds.

While large short-term profits can often entice market neophytes, long-term investing is essential to greater success. And while active trading short-term trading can make money, this involves greater risk than buy-and-hold strategies. Many great companies are household names, but many good investments lack brand awareness. Furthermore, thousands of smaller companies have the potential to become the blue-chip names of tomorrow. In fact, small-caps stocks have historically shown greater returns than their large-cap counterparts. From 1926 to 2001, small-cap stocks in the U.S. returned an average of 12.27% while the Standard & Poor’s 500 Index (S&P 500) returned 10.53%. This is not to suggest that you should devote your entire portfolio to small-cap stocks. But there are many great companies beyond those in the Dow Jones Industrial Average (DJIA).

Funding your retirement is one of the best investments that you can make to ensure the financial future of you and your family. It’s important to plan for your retirement whether you have just finished high school at 18 or are about to enter your 60’s. It is never too early to start putting money away for your retirement. If you are planning on living a comfortable retirement based on Social Security; forget about it! According to USA Today, the average Social Security benefit paid out to retirees is a paltry $1,324 per month, which amounts to just $16,424 per year. Read more details at Why you need a retirement plan.

For as little as $10, you can invest in Worthy Bonds. Worthy Bonds are fixed interest bonds that fund loans for creditworthy American businesses. The bonds have a term of 36-months, but interest is paid weekly and you can withdraw your money at ANY time, without penalty. Buy as many $10 bonds as you’d like. The simple idea is that Worthy is going to take the money you use to buy bonds and invest it into companies with a greater return than 5%. They win, you win and it’s a fixed rate so you know the rate of return every day. The platform is open to all U.S. investors and can be a great way to diversify your portfolio with a low-risk solution. Worthy only invests in fully secured loans (liquid assets having a value significantly greater than the loan amount), so the quality of loan and investment is always high caliber.

Many good investors stress the importance of diversification. But Warren Buffett tends to disagree with the idea. Buffett says that diversification is for people who don’t know much about investing. An experienced investor should choose stocks on a long-term basis and should have faith on his/her investments. Some investors diversify their portfolios because they are afraid that any one stock might sink their entire portfolio; but, while doing so, it becomes much harder to keep track of the current events impacting each company. So, by diversifying, they might reduce the volatility of their portfolio, but at the same time they reduce their focus on individual investments. Buffett waits for opportunities to buy good stocks, and when those opportunities come his way, he takes full advantage. According to Buffett, “When it’s raining gold, put out the bucket not the thimble.”

About MultiplyMyMoney : I have more than 12 years of experience as an independent and personal financial and investment consultant. I used to run a financial blog called BuylikeBuffett which provided insight on investing, saving, money management, and all things finance. I am also the author of Your Financial Playbook: A Guide To Navigating The World Of Personal Finance a financial guide written to inform the beginning investor about the basics of the market. I decided to start a new site because I receive a great number of questions about financial topics on a daily basis. I figure that this would be a great way to answer those questions and increase financial literacy. I also figured it would be a good platform to write articles on everything from teaching how to get rich, explaining the basics of cryptocurrency, to detailing ways of rebuilding your credit score. I was the founder and president of New Horizons Financial Management, LLC, and was a registered investment advisor. New Horizons was an independent investment advisory asset management and personal financial consulting firm offering investment advisory services to high net worth individuals. See more details on Learn how to multiply my money.

Several advices about party wall surveyor costs

Party wall issues? Here are a few advices: In most cases, if the adjoining does not respond within 14 days then a deemed dispute is said to have occurred and the person carrying out the work must appoint a surveyor to act on the adjoining owners behalf. If adjoining owners provide written consent to the works as set out within the notices, then there is no dispute to resolve and no further need for party wall surveyors or, indeed, the Party Wall Act. Assuming work proceeds as detailed within the notice and no damage is caused, then no further involvement is necessary. Resolving Disputes: If adjoining owners dissent to the works (or if no response is received and a deemed dissent has arisen) then a dispute has occurred which must be resolved under the requirements of Section 10 of The Act. It is worth reiterating that the Act is one of enablement, it is not there to prevent works from taking place and it offers a route to end disputes at every stage. Where written agreement is not given, the solution the Act provides is for both parties to appoint an ‘agreed surveyor’ who will act impartially or for each owner to appoint a surveyor who in turn appoint a third surveyor. The surveyors then work together to agree the terms under which work may proceed. The surveyor(s) will review the plans, notices and structural details of the works and, after considering the impact of the works, will draw up an agreement which sets out the terms under which work can be carried out (the Award).

Certain works which are likely to affect your neighbours are covered by the Party Wall etc. Act 1996. This legislation provides protection to all parties involved and is intended to enable the works to be undertaken. In the event of non-cooperation from your neighbour or disagreement, party wall surveyors agree how the works should be carried out, including necessary protection measures and rectification of any damage. The purpose of the act is to avoid litigation by dealing with potential problems up front.

Unfortunately some fee orientated surveyors have learnt to work the system and pitch their fee as high as they can without causing the adjoining owner to challenge it for fear of delaying the works and incurring a further fee. Although the Party Wall Agreement covers many aspects of the work including access, contractor’s insurance and resolving damage one of the clauses which is most contentious relates to working hours. The Award will state the permissible working hours and they may appear quite restrictive at first glance; normally 8.30am to 5pm with no allowance for week-ends or bank holidays. Bear in mind that this clause only relates to the works which are the subject of the award and not the associated works which can carry on outside of these hours.

At Home Heroes, we endeavour to provide a competitive service while attaining the highest standards of professional practice. Home Heroes although we are experienced Party Wall Surveyors, we understand that to you our clients the party wall act can be a pretty daunting experience and you have already probably been left nervous and confused, with compliance of the act. We are able to speak to you in plain English using familiar terms and sayings helping you to be put and ease and more importantly understand your obligations and rights under the act. Home Heroes Limited has experienced surveyors who are well placed to help you with your party wall requirements, be you the building owner, adjoining owner or even as an agreed surveyor. See extra details on Party wall surveyor fees.

Home mortgages guide

Do you need money for various reasons ? Searching for quick loans guide? Sometimes it takes a big investment of resources to move the needle for your small business. Maybe there’s special equipment that could save you money on labor and make you more productive. There might be a building next door that would make a perfect addition to your shop. Or, your existing facility might need a serious facelift. In each of these cases, an SBA 504 loan would be perfect. These loans offer up to $20 million to purchase real estate, equipment, and machinery. You can also use them to remodel or upgrade existing facilities. SBA 504 loans are very small business-friendly, requiring only a 10% to 15% down payment and offering 10- to 25-year terms and low-interest rates.

Why are you seeking a personal loan? Is it to renovate your house? Is it to repair your car? or is it for an event such as a wedding? Knowing exactly how the funds will be spent will help you narrow down potential lenders. Not all lenders give you the freedom to use their funds in any way you like. Some lenders tend to limit or restrict the use of funds for certain purposes. For example, Payoff only allows funds to be used for credit card debt consolidation. See more details at Lending programs.

Calculate the EMI: To avoid any penalty or accruing debt, it is important to be able to make the EMI payment on time, every time. You will have to be the impartial judge of how much of an EMI you can handle with your current and expected income in the short term. The best possible way calculate the overall cost of your personal loan, including the EMI, are the online personal loan EMI calculators. Repayment Period: Banks usually offer one of many standard loan repayment periods. Personal loan tenures generally do not last longer than 60 months. This period is determined based on your ability to repay the loan as well as the amount of the loan. You may be able to choose the repayment period as per your preference but you have to be careful while doing that. A lower tenure means that you would have to pay less total interest but your EMI amount will increase. On the other hand, a longer tenure results in lower EMI amount but higher interest outflow.

When the company directors don’t have commercial security to offer, the lenders will ask for a personal guarantee. These documents allow the using of a personal asset to secure a commercial loan, commonly a family house. While personal guarantees are now standard practice and facilitate much needed finance, they should also be used with caution and always with full understanding of the potential consequences. If the business should other default on the loan, or become insolvent with the loan outstanding, the personal guarantor’s property will be sold. While the limited company structure commonly protects directors from the fallout of business insolvency, with its clear separation between corporate and personal debt, personal guarantees are specifically designed to surmount these laws and breach the corporate veil.

What is a mortgage? It is a loan from a bank or building society that lets you buy a property. You then pay back the amount you have borrowed plus interest over a period of around 25 years, although you can take them out over longer or shorter terms. The mortgage is secured against your property until you have paid it off in full. This means the lender could repossess your home if you fail to repay it. You can get one either on your own or held jointly with one or more people.

Greenlight Funding provides low-interest affordable loan programs for home and commercial real estate. Loan programs available up to 100% financing. Fixed and adjustable rates for single and multifamily real estate, construction loans, fix and flip and business loans from SBA and private lenders. We cater to homeowners, real estate investors, and business owners and are dedicated to helping you to fulfill your goals. Call us at 917-722-1761 and get your prequalification today. Guidance: A straight forward process every step of the way, Objectivity: The right loan at the best rate and lowest cost, Transparency: No surprises, no hidden costs.

Business Name: Greenlight Funding, Manhattan
Web: https://greenlightbiz.com/
Address: 99 Wall Street, Suite 1605, NY, NY 1005
Tel: 917-722-1761
eMail: info@greenlightbiz.com

Collection agency & debt collection finance services provider

We have been talking about various points of view of the high-risk merchant account business for many months and have most likely touched on most, if not all of them, of the most deciding problems. Here are some more tips on high risk merchant account processor.

High-risk merchant accounts are a subset of financial services that allow businesses to receive card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face reduced choices in processors, plus higher fees and harsh contracts. Being labeled as high-risk looks bad. But in some cases, it can be your best option.

It’s practically not possible for eCommerce merchants to do their business without having enabled as payment type the credit or debit cards. Before you can take “plastic,” you need a payment processor who acts as a liaison between you, banks, and credit card networks.

Many financial processors do business exclusively with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a limited selection of potential payment services to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents.

Here are some high risk credit card processors : Billing itself as a “new kind of service provider,” T1 Payments offers flexible underwriting, easy application process, flat rates, and expert support–all combined into a state-of-the-art solution with dedicated end-to-end service.

Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general business types as well as domestic high risk merchants. The company’s products and services include point-of-sale solutions (with specific packages for the restaurant, salon, professional service, and contractor sectors), online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to new merchants who require them. The company has received exclusively positive feedback on public forums, with most reviewers singling out the company’s customer service for praise.

We used all of the high risk credit card processors, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a huge experience in the business, fast customer support and low fees.

Do you have a business related to credit repair restoration agencies ? HRMA-LLC can help you. Read more details on High risk credit card processing.

Sacramento’s best Karate school

Let’s discuss about best martial arts school in Sacramento and martial art Muay Thai: a martial art from Thailand which uses stand-up striking and clinching techniques. It makes prominent use of punches, kicks, elbow strikes, and knee strikes, using eight points of contact, in contrast to the hands and feet (four contact points) more often relied upon in other martial arts. Numerous techniques associated with Muay Thai can be found in MMA.

Karate or martial arts in general have many help to people, for a better quality of life, better mental health, better self confidence, teaching teamwork and offering health benefits. In this article we will see why is good to practice martial arts and after that we will present you the best martial arts school in Sacramento. Fast reflexes are required of good martial artists. Whether it’s sparring or fighting in a competition, blocking and dodging the attacks of your opponent is important to every martial artist. Through repetition, your reflex will improve and you’ll notice faster reaction times in all parts of your life. Quick reflexes can help in a number of day-to-day activities, such as driving and cooking. Many martial arts disciplines require mobility and agility and practicing martial arts is a terrific way to improve your body’s ability to move faster and more efficiently. Over time, you’ll notice greater speed, especially if your form of martial arts requires a lot of footwork. While form is important for an effective punch or kick, strength is also needed to ensure that your attack is powerful. Conversely, practicing martial arts will provide you with the opportunity to train your body to become stronger and more formidable.

Ask any real martial artist out there, and they will tell you that the greatest lessons they have learned in life are the lessons they learned during their training. Martial arts is a gift to humankind. It teaches us so many things about life and how things work, it’s no wonder why many people turn to martial arts to give them direction and purpose. Another amazing thing about martial arts is that it transcends what goes on inside the gym and applies to every aspect of our lives. Whether it is at the office, in the classroom, or in the safe confines of our own homes, martial arts has an enormous impact on an individual. Yes, the physical endeavor is rigorous and demanding, but it is equally important to recognize that on our journey, we are set to learn the true essence of our discipline. By the time we are skilled enough to call ourselves real martial artists, we will have been imbued with martial arts’ true values.

Many shy and introverted people find their way to Karate and enjoy practicing in a group without the need to communicate much with the other students. What is not visible at first is that training within such a group awakens team spirit within everybody. Even the most shy and introverted person will eventually open up and start voicing his or her exhaustion to the others while fighting through the great physical and mental demands. This happens automatically without any need from the instructor or the group to change the shy person into an extrovert. It happens naturally because training hard next to each other brings students together without the need of many words. Social barriers and communication anxiety are all broken down step by step as the group of students harmonizes itself by becoming a team. Once this team has been forged together through great mental and physically challenging demands great team spirit is developed and great friendships that last a life-time are formed. Shy and introverted people will automatically open up to their comrades and gain more and more confidence. Not very well known to the public is that Karate as a sport also offers the players the opportunity to compete within a Kumite team or a Kata team. Kumite can be described as free sparring against an opponent. The Kumite team event is a match between two teams with 3 (or 5) fighters each. Those fighters will face up against each other competing for victory for their team.

A lot of martial arts require rigorous fitness training. If you really want to stay healthy learning a martial art is one of the ways to do so that also allows you to gain valuable skills and discipline at the same time. Practicing martial arts that involve agile and repetitive movements at high intensity requires a level of fitness that after a while may help to lower your blood pressure and heart rate.

We are family oriented and have the fairest and most reasonable tuition fees & pricing, You will learn effective self-defense techniques, learn determination and gain self-confidence. If desired we will have you certified for the most recognized Karate federation in the world the Japan Karate Association (JKA), with a network of over 100,000 dojos around the world your rank will be honored around the world and your invested time won’t be lost. Sensei Marcus is a recognized Instructor with the JKA. Our standards are higher. Training at Tokon Martial Arts means blood, sweat and tears. The rewards are students that will become true leaders. Train with the best. Sensei Marcus is not only a former successful competitor but also the founder & president of KarateCoaching.com. The biggest and most comprehensive Karate-Website in the world. Karate students and instructor from around the world subscribe to this pristine website to get coaching advice, ideas and inspiration. See more details at Adult Karate in Sacramento.

True character development, mental and physical strength can only be developed over time and through hard work and repetition. That is why our students learn how to work extremely hard physically and mentally. Real life skills, self-esteem and confidence that require dedication, setbacks, disappointments and years of commitment are not taught or enforced by most other schools because it could create a conflict with the students monthly payments. Yes at our school not everybody has what it takes to become a Tokon black belt. But true martial arts skills MUST only be in the hands of worthy students that went through those forging times. This must be the standard and measurement and what you are looking for. Isn’t this why you come to us? We are not a child care or day care facility. High five and attendance awards for showing up is not what will develop a strong human being. Even though this might impress at first sight, you will quickly discover that schools that have their efforts on all those side gimmicks have nothing deeper to offer, physically, mentally and spiritually. We are different and that is why students that look for the real martial arts experience come to us. This is why our program speaks to adults and children alike. The path of self-cultivation is never a question of age but rather of a wise person that wants to keep growing.

Website speed optimization

Blogging is hot at this moment, a lot of people are wanting to start a blog. Here are some things you need to know regarding create your own anonymous blog. First we discuss about free blogging platforms and after that we talk about self hosted blogging solutions.

Websites are hosted, or in other words stored, on specialized computers referred to as servers. Servers are much more powerful than your laptop, which allows them to manage multiple different people accessing the same website at the same time. This is made with the same components found in an average computer like a CPU, RAM memory, and other parts that just happen to be a bit more powerful than the average personal computer. Owners of multiple servers rent them out to individuals who own websites in a process called web hosting. Several common web hosting solutions are described below. Read more about how to host a website

Squarespace is one of the best blogging platforms for artists and designers because of its swish templates and polished feel. There’s no free Squarespace plan; to create a blog you need to be on at least the $12/month Personal plan. To monetize your blog, you’ll need to upgrade to the $18/month Business plan. That sounds expensive, so is it worth it? Squarespace has improved its blog offering considerably in recent years. It used to be that on the Personal plan you were limited to just 20 pages. Now that cap has been lifted entirely. But the real value for money lies in the aesthetics. The New York-based company is well known for the visual quality of its templates. They’re what makes Squarespace one of the best blogging platforms on the market. You can browse free and paid templates by industry and select one that suits your blog’s needs. Squarespace has taken great care with how your content is laid out on its templates. The designs are top-of-the-range and features like grid layout and 3D scrolling can give your blog a unique look and feel.

Jekyll takes your raw text files, which may be written in Markdown, if you like, and turns them into a robust static site to host wherever you want. It’s the engine behind GitHub Pages, which means you can host your blog on there for free. Making your blog with Jekyll avoids the need to work with technicalities such as databases, upgrades and so on, so there are fewer things to go wrong, and you can build something completely from scratch.

Typepad is a blogging platform that provides an easy-to-use interface for beginning and experience bloggers. The platform provides a wide range of themes to choose from as well as plugins so you can make your blog your own. A key drawback to using Typepad is that all of the blogs are hosting by them on their server, so you do not have the option to use the platform with your own blog host. It is also a platform that makes editing code difficult because it is geared towards bloggers who may not be as confident in editing HTML code for example.

There are two main benefits to using a self-hosted format, as opposed to the free version at WordPress.com. Self-hosted blogs have much more freedom when it comes to customizing the look and feel of your website. You can use any template you like and you’ll use your own domain name, for a more professional feel. Self-hosted blogs also allow for advertising, which can help off-set the costs associated with blogging. You can’t run ads on a free blog from WordPress.com, which is why I eventually had to transfer my blog from free hosting to self-hosting. Transferring is such a hassle, I wish I had just started with self-hosting in the first place! To get a blog or site up and running, you need these three items: Domain name -A unique Internet address that people type into their web browser when they want to find and visit your website. Web hosting service -This is a server in a remote computer, where you will rent space for your blog to be stored and to live on. Blogging platform (WordPress) -The software that is installed on your server that you use to build and run your blog content.

There are many tutorials and resources available on the internet that will help you set up a WordPress blog. Here are some of the tutorials I’ve written which you can use to guide you through the process of installing WordPress and setting up your blog: How to Install WordPress on Bluehost, 8 Essential Settings After Installing WordPress,How to Generate Sitemap for a WordPress Blog,.. Best WordPress SEO Plugins. You can easily follow our DIY guides above to get everything done.

Website should not be a special thing nowadays, in fact it is a common tool that I think every business / or even an individual should have one. We are in the age of information, every information should be delivered digitally without the borders. Hence, this blog is about sharing my experience and providing guidance for any beginner or even non-tech guy to easily build a website for themselves. In my complete solution, I include the factors of website performance, building cost, building difficulty, search ranking when writing the blog. With these guidance, you can easily build a WordPress website yourself which is low cost, fast and rank higher in search engine. Extra details about WPBuilderMaster.

You must see New Zealand at least once and eTA application

New Zealand attractions and eTA application : The Waitomo Glowworm Caves, naturally illuminated by thousands of glowworms, are among the most unique places to go in New Zealand—and a visit to the caves is one experience you’ll be hard-pressed to duplicate anywhere else. You can take a boat ride through the caves to learn about the history and science behind the phenomenon. Or, if you really want a unique adventure, try black-water rafting with The Legendary Black Water Rafting Company, which will float you on an inner tube down a subterranean stream. It will be pitch-dark (except for the glowworms), and you’ll get to do everything from jumping off waterfalls to rappelling down cave walls. Choose your own adventure when you book the tour. There are other (non-glowworm) caves in Waitomo, too. Aranui Cave features ancient cave decorations; Ruakuri Cave has an awesome spiral entrance and unique limestone formations—and, okay, more glowworms, but in this cave, you can do a walking tour rather than a water-based excursion.

Home to one of New Zealand’s most popular beaches, Mount Maunganui is definitely worth visiting if you’re passing through the Bay of Plenty region. Choose between walking around its namesake mountain, or right to the top; the latter will reward you with wonderful panoramas of the Tauranga Harbour. Middle-earth comes to life at the Hobbiton movie set. A one-hour drive from Auckland will enable you to see the original hobbit holes and several film sites from up close — it’ll almost feel like you’ve stepped into a Tolkien-esque world of your own.

Just outside of Rotorua, on the North Island, is the incredible destination of Wai-o-tapu. This park is filled with geothermal activity, and you can hike through volcanic landscapes that look more like outer space than the rest of New Zealand. At Wai-o-tapu, one of the highlights is the Lady Knox Geyser, which erupts daily with a show-stopping display straight up into the air. Nearby, geothermal spas give you the perfect place to unwind after a day of hiking along Wai-o-tapu’s volcanic trekking paths. In the Tongariro National Park, located in the center of the North Island, is the Tongariro Alpine Crossing. This crossing is a day-long hike that covers Mount Tongariro itself and passes along the base of Mount Ngauruhoe. The crossing might be recognizable to film buffs, because scenes from the Lord of the Rings Trilogy were filmed there. The Blue and Emerald Lakes are major scenic attractions along the way, and both have historic significance to the local Maori people and should therefore be treated with the utmost respect.

Who can apply for NZ eTA application? Citizens from eTA New Zealand eligible countries can obtain an eTA for New Zealand (NZ) by completing a simple online application form. The New Zealand eTA (NZ eTA) visa is valid for a period of 2 years and can be used for multiple visits. Applicants can apply for NZ eTA from their mobile, tablet, PC or computer and receive it in their email inbox by using this New Zealand eTA application form. Read more details at eTA New Zealand.

Our services include, properly reviewing all of answers, translating information, assisting with filling out the application and checking the entire document for accuracy, completeness, spelling and grammar review. In addition, we may contact our clients via email or phone for additional information in order to process the request. Upon completing the application form provided on our websites, request for a travel authorization will be submitted after an expert review.

The Abel Tasman Coast Track in Abel Tasman National Park is one of New Zealand’s Great Walks. Winding along sparkling Tasman Bay, from Marahau to Separation Point, this scenic 51-kilometer hike lies in one of the sunniest regions of the South Island. Along the way, hikers can snorkel in secluded coves; spot fur seals, dolphins, penguins, and a diverse range of birds; hike through cool forests; and enjoy panoramic views from the rugged coastal cliffs. Photographers will also enjoy the many weathered rock formations, especially Split Apple Rock, a giant granite boulder sliced in two. The hike takes around three days, and accommodation ranges from campgrounds, to rustic huts, and plush private lodges. Sea kayaks are also a popular way to explore this beautiful coast.

Buy cryptocurrency online and extra crypto tips

Cryptocurrency is the big boom in 2019, a market that offers huge profit making possibilities. But it’s also extremely risky so before you dig in it’s better to be informed. Here are a few advices if you want to purchase cryptocurrency online in 2019. To start investing in Bitcoin and other cryptocurrencies you first need to sign up to an exchange which will allow you to buy cryptocurrency with money. An exchange is basically an online platform that offers anyone to purchase and sell Bitcoin as well as any other cryptocurrency that they have traded.

To make your first trade, input the amount of Bitcoin you want to buy in the provided field and click the buy button. On Coinbase or Coinbase Pro, this will be a basic “market” buy order, which will purchase Bitcoin at the best market rate. Alternatively, you can place a “limit” order, which lets you set a price you’re willing to pay for a certain amount and a trade will only happen if that amount shows up at that price.

Now, I know this may sound obvious but it’s important for you to have a clear purpose for getting into cryptocurrency trade. Whether your purpose is to day trade or to scalp, you need to have a purpose for starting to trade cryptos. Trading digital currencies is a zero-sum game; you need to realize that for every win, there is a corresponding loss:. Someone wins; someone else loses. The cryptocurrency market is controlled by the large ‘whales’, pretty much like the ones that place thousands of Bitcoins in the market order books. And can you guess what these whales do best? They have patience; they wait for innocent traders like you and me to make a single mistake that lands our money to their hands due to avoidable mistakes.

Hold your horses, buddy! Take your time when transferring your money. Don’t rush, and make sure the sending and receiving addresses are correct. Never type an address. Just copy and paste them. This way you avoid any chance of typos. And hey, it’s faster! After you copy and paste it, always verify the first two characters and the last three characters match your address.

You can short crypto, or long crypto. You can go long in crypto, meaning you are betting on crypto going up (for example by buying crypto). Or you can short crypto, meaning you are betting on it going down (for example by short selling crypto). Meanwhile, if you have the skills, you can do both depending on the price action (you can even use short positions as a hedge). With that said, in the US, in many states, there are very few options for shorting crypto. If you are new to crypto, you should consider just going long. If you would go short, you can mimic a 1x short by selling and going to cash!

Cryptocurrencies, sometimes called virtual currencies, digital money/cash, or chips, are not exactly like US Dollars, Euros, Venezuelan Bolivars or Peruvian Soles. They exist “online” and are not usually backed by a government (there are exceptions). They are backed by the respective user networks that keep them as Bitcoin. See more details on How To Buy Cryptocurrencies Safely.