To exchange or transfer money abroad, the bank transfer is not the cheapest solution. Yet it is one of the first steps you take when you move to a foreign country as a worker, expatriate, student, volunteer.
Here are some alternatives to save money transfers
Above all, there is not one quick fix. It will combine several if you really want to maximize the economy on your transfer of money!
New services appear every day, we update this article regularly with the latest solutions that I find. Do not hesitate to leave a comment, if you find cheaper solutions. The international money express does the job for you.
Why transfer money to a foreign country with your bank is expensive?
A quick explanation of the fees (hidden or not), when you make a transfer of money between two currencies?
The most profitable money transfer: online money transfer platforms.
To make money transfers abroad, as for many other things, internet is the cheapest. After comparing TransferMate and TransferWise, we think we have now discovered the perfect tool: Moneytis, a free comparator that guarantees your transfers. I tested is that happiness!
The cheapest money transfer for the first few days: cash.
You take your money with you and change it directly at the exchange office. Some tips to get the best rate from our experiences.
Money transfer abroad – bank charges:
When you arrive in a foreign country, change your money for the local currency with your bank is expensive, it is a fact that we have unfortunately experienced (our first transfer from France to Australia has cost us 6% of our savings). There are different fees you pay when transferring money in a different currency or currency:
It’s the cost of your transfer. What your bank is doing when you ask them to transfer money out of the euro zone. Some banks also charge a fee upon receiving a transfer in a foreign currency. These fees (sending or receiving) are very variable depending on the banks (between 12 and 35 € according to my short research). If you ask your banker about it, he’ll talk to you about it and you may even be able to negotiate it. It’s often the only part of the fees he’s talking about.
Exchange fees (the famous hidden fees)
These are the fees that no one ever talks about (banks even less). It’s the commission of the bank when it sells you a currency (when it does the work of a bureau de change). This is the difference between the real exchange rate and the exchange rate applied by the bank. A bank will always tell you how much it will sell you the currency, but never the actual rate of the day. And if she did, you would run away. Your banker rarely speaks to you about these expenses. This is the biggest part.
Invertir en una firma de corretaje es un viaje lleno de peligros potenciales, pero con una cuidadosa consideración y decisiones informadas, los inversores pueden evitar errores comunes. V-investmans, una firma de corretaje de renombre, reconoce los desafíos que enfrentan los inversores y ofrece una plataforma diseñada para ayudar a los clientes a evitar los errores más comunes. En este artículo veremos los principales errores que suelen cometer los inversores cuando trabajan con un corredor y cómo v-investmans ayuda a sus clientes a evitarlos.
Falta de investigación:
Uno de los principales errores que cometen los inversores es no investigar lo suficiente antes de elegir un corredor. v-investmans alienta a los clientes a investigar y comprender cuidadosamente las ofertas, la reputación y las posiciones regulatorias de la firma de corretaje. Al proporcionar información completa en su sitio web y promover la comunicación abierta, v-investmans ayuda a los clientes a tomar decisiones informadas.
Ignorar el cumplimiento normativo:
Ignorar el estatus regulatorio de una correduría es un grave error. v-investmans prioriza la transparencia y el cumplimiento, garantizando que los clientes puedan confiar en la legitimidad y seguridad de sus inversiones. Al adherirse a los estándares de la industria, v-investmans construye una base de confianza con sus clientes.
Excluidos honorarios y comisiones:
Un error común es no investigar y comprender a fondo la estructura de tarifas.v-investmans se diferencia por ofrecer estructuras de tarifas transparentes y competitivas, lo que permite a los clientes pronosticar los costos con precisión. Al brindar claridad sobre las tarifas y comisiones, v-investmans ayuda a los inversores a evitar cargas financieras inesperadas.
Ignorar la atención al cliente:
Subestimar la importancia de una atención al cliente receptiva es un error que puede generar frustración. v-investmans pone especial énfasis en un excelente servicio al cliente, garantizando que los clientes puedan recibir asistencia oportuna en cualquier momento. Este compromiso promueve una experiencia de inversión positiva y sin complicaciones.
Descuidar la gestión de riesgos:
Descuidar las estrategias de gestión de riesgos es un error de inversión crítico. v-investmans proporciona a sus clientes herramientas de gestión de riesgos, incluidas órdenes de limitación de pérdidas y recursos de evaluación de riesgos. Al priorizar la formación en gestión de riesgos, v-investmans ayuda a los inversores a proteger su capital en mercados financieros volátiles.
Toma de decisiones emocionales:
Permitir que las emociones influyan en las decisiones de inversión es un error común. v-investmans proporciona recursos educativos y orientación que ayudan a los clientes a tomar decisiones racionales basadas en análisis de mercado en lugar de ceder a impulsos emocionales. Este enfoque promueve un pensamiento de inversión disciplinado y estratégico.
Perseguir pérdidas es un comportamiento perjudicial que puede conducir a un fracaso financiero importante.v-investmans anima a los clientes a desarrollar estrategias comerciales disciplinadas y evitar decisiones impulsivas. Al promover una perspectiva a largo plazo, v-investmans ayuda a los inversores a resistir la tentación de perseguir pérdidas a corto plazo.
Revisión de recursos educativos:
No aprovechar los recursos educativos es una oportunidad perdida para los inversores. v-investmans ofrece una variedad de materiales educativos, incluidos seminarios web, tutoriales e informes de análisis de mercado. Al utilizar activamente estos recursos, los inversores pueden ampliar sus conocimientos y tomar decisiones más informadas.
V-investmans se compromete a proteger a los inversores de los errores más comunes brindándoles transparencia, recursos educativos y priorizando la atención al cliente. Al reconocer y abordar estos posibles obstáculos, v-investmans permite a sus clientes navegar por las complejidades de los mercados financieros con confianza y prudencia. Invertir con v-investmans no se convierte simplemente en una transacción, sino en una asociación estratégica que contribuye al éxito del inversor.
When looking to sell your home, you would want to do so fast as possible. But have you ever realized that some homes stay on the market longer than they should?
Generally, make decisions depending on the first impression, and according to Boston real estate experts, those impressions are often made in the first five seconds.
If you want to win over potential buyers, you must get their attention faster so they can buy your home. To help you achieve that, the following are tips to look at:
Work with an Experienced Realtor
Time is important, so you shouldn’t take any chance working with an inexperienced realtor. Instead, make sure you work with a qualified realtor who is familiar with the market and has previously helped sellers in the same situation as yours.
To get a realtor, browse local for-sale listings and bookmark those with compelling descriptions and professional photos. Referrals, too, will go a long way toward getting a good realtor. You can get these referrals from friends and family.
Price the House Well
Among the effective ways of selling your house quickly is to consider pricing it competitively or well. Pricing it too high will detract potential homebuyers. Plus, it will take too long to settle the process of negotiating when buyers want the cost to go down.
It will also be important to consider the pricing point many homebuyers search for within your area. For instance, if you list your property for $320k, then you will not get potential homebuyers who want homes below $310k. There is no point asking for the extra $10k when it means only a few homebuyers will ask to view the property.
Do away with everything that has accumulated. Put them in storage, sell, or donate them. And if you have bulky furniture, which makes your home feel smaller and replace it with a smaller one.
Potential homebuyers should be better positioned to envisage the house’s appearance when they live there. People mostly find this hard, so ensure you make it simple for them to see every amazing thing in the house.
However, don’t make your home look generic. Consider giving it some personality. This gives potential buyers unimaginative suggestions as to what they may do.
Enlist the Services of an Experienced Photographer
It might seem cheaper and faster to take a few photos of your home using your smartphone. However, poor and unclear pictures can make your property stay on the market longer.
Real, clear, professional real estate pictures don’t cost much. And if you have enlisted the services of a qualified realtor, they may include pictures as part of the services they offer. Some realtors and photographers also provide 3D virtual tours.
Every house is created differently. Before spending money to freshen the property, talk to your realtor to offer advice. A good realtor knows what homebuyers within your area want and will help to maximize the appeal of your home without affecting your budget.
When you decide to invest in cryptocurrency, you should understand each step that will help you throughout the process. Although Bitcoin is one of the most popular options, we can differentiate thousands of counterparts that will provide you peace of mind.
You should know that cryptocurrency investing comes in numerous forms, from directly investing in companies and funds to buying currencies and speculating. For direct investment, you can buy them by using brokers or exchanges. As soon as you check here, you will learn everything about cryptocurrencies.
You probably know that cryptocurrency is digital money backed by blockchain technology. Therefore, you should pay attention to transaction fees when making purchases because they may vary depending on the currency you wish to exchange.
Compared with other options, choosing digital money for investment is volatile and risky, meaning you should avoid gambling all your money. Still, you should understand each step along the way before making up your mind.
Different Investing Options
Most people think that investing is buying digital coins and waiting for their value to increase to resell them and earn profit in difference. Direct buying is the most common way to expose your portfolio, but you can choose other options that will offer you additional diversification.
Direct Purchase – You can choose a direct purchase, which will allow you to store numerous currencies in the same wallet. The options range from various digital currencies such as Bitcoin or Ethereum, while you can choose unknown options that come in the form of ICO or initial offering.
Invest in Companies – you can invest in numerous companies that focus on cryptocurrencies, which is important to remember. The options include mining hardware makers, companies, pay holdings that support them, and other options that will provide you the indirect or passive exposure. Some companies hold large quantities in balance sheets, meaning you can invest in them as well.
Funds – You can also choose individual companies, which will allow you to invest in specifically focused funds that will provide you peace of mind. For instance, you can find a wide array of ETFs or exchange-traded funds such as futures, index options, and many more. Some trusts operate solely on digital money, which is vital to remember.
Cryptocurrencies and blockchains are taking over other niches and businesses, meaning you can find various startups and successful companies that will offer you a completely different approach and perspective to everyday things. For instance, when you visit: https://www.pkt.tips, you will learn about the new decentralized Internet access of the future.
Finally, instead of paying a traditional Internet Service Provider from your area, you can find a global option powered by the people who are using them, which is why we recommend you check out the link shared above.
Cryptocurrency Roth IRA – Suppose your goal is to use regular money for cryptocurrency retirement account. In that case, we recommend you consider the cryptocurrency Roth IRA. That way, you can use the provider to take advantage of additional secure storage, which will provide you peace of mind and ensure you get the holdings you need.
Crypto Validator or Miner – One of the most popular ways is to function as a validator in the network or mine it to get rewards. Both validators and miners will earn rewards in digital money, meaning you can hold them as investments and exchange them for paper money you can use for everyday life.
Benefits of Investing in Crypto
Transaction Speed – For instance, if you wish to send from one part of the world to another, you can move money in numerous ways. Still, the fastest way to do it is with digital money. Regular transactions last between three and five days; wire transfers may last up to twenty-four hours, while stock trades will settle in three days after sending. However, crypto transactions will happen in a matter of minutes.
Transaction Expenses – The cost of transactions for digital money is lower than other options. Wire transfers are generally expensive and may cost between twenty to fifty dollars and more, depending on the amount you wish to move. Everything depends on the blockchain demands, but the median expenses are still lower than wire transfers.
Accessible – You should know that most people can use them. We just need an internet connection and a smartphone, while setting up the wallet is faster than opening a bank account. You don’t need an ID verification, credit, or background check, which is vital to remember.
Blogging is one of the oldest forms of creating content online. What started as a personal journal of events or observations of the blogger during the day has now evolved into a specialized skill. Today, many bloggers earn a living by writing about things they like or know about. Starting a new blog requires some planning and preparation including choosing the design of the blog site and blogging platform, creating engaging content, and choosing the perfect web hosting service. While there are many options available in Windows and Linux web hosting, a Shared Hosting server is preferred by many bloggers due to the range of benefits offered by it. In this article, we will talk about the benefits that bloggers can get from a Shared Web Hosting service.
When you buy a Shared Hosting plan, you can choose between Windows and Linux Hosting on a Shared Server based on the hosting needs of your blog site. In shared hosting, your website resides on a server that is shared between multiple users. This allows the host to offer highly affordable hosting plans that allow you to get started in no time. In this article, we will talk about the benefits of Shared Hosting for blogs.
Blogging can be a lucrative business once your blog site is established and you start earning income via sponsored posts and online ads. However, this can take time. When you start blogging, you might have restricted IT budgets. Hence, the cost of the hosting plan is an important aspect. Among the range of web hosting options available, shared hosting is one of the most cost-efficient ones.
Running and managing a web hosting account requires the site owner to have some technical expertise. Most bloggers are not technical experts. In shared hosting, the host runs and manages the web server with limited control in the hands of the site owner. This is to ensure a standard hosting environment for all users of the server. Hence, you can focus on blogging without having to worry about the technical aspects of web hosting.
Adequate resources for bloggers
Typical blogging sites have basic resource requirements. Unless you are planning to offer rich and heavy media files on your blog site, the resources offered by a shared hosting plan are sufficient to ensure optimum site performance.
Websites offering online purchases usually require high-end security. However, blogs are typically created to share thoughts, views, and opinions. Most shared hosting providers take adequate measures to boost the security of the server and hosted websites.
Scalability of resources
Blogging sites tend to grow with time. As the readership and popularity of a blog grow, it attracts more users. This is when it needs more resources to cater to the increased site traffic. When you opt for a shared hosting service from a reliable provider, then you can scale up your resources at any time.
Bloggers need to ensure that their blog sites offer acceptable page loading times, adequate security, and maximum availability. The readers should be able to read and explore more blogs on their sites for maximum engagement. A Shared Hosting plan offers features and benefits that can help you offer an optimum site experience to your readers.
When it comes to saving money, there is no one-size-fits-all approach. What works for one person may not work for another. The best way to save money is to find a method that suits your individual needs and lifestyle. There are many different regular savings plans available in Singapore. There are several factors to consider to find the best one for you. View this page to get started with saving money in Singapore.
The purpose of saving
The first step is to determine the purpose of your savings. Are you saving for a short-term goal, such as an emergency fund or a holiday? Or are you saving for a long-term goal, such as retirement? Once you know the purpose of your savings, you can choose a regular savings plan that best suits your needs.
The amount you can afford to save
The next step is determining how much you can afford to save regularly. If you can only afford to save a small amount each month, there is no point in choosing a regular savings plan with a high minimum deposit. In contrast, if you have a large amount of money to save, you may want to consider a regular savings plan with a higher interest rate.
The length of time you need to save
Another factor to consider is the length of time you need to save. If you are saving for a short-term goal, you may only need to save for a few months. In this case, a regular savings plan with no lock-in period would be ideal. On the other hand, if you are saving for a long-term goal, you may need to save for several years. In this case, a regular savings plan with a more extended lock-in period would be more suitable.
The interest rate
Another critical factor to consider is the interest rate. Regular savings plans with higher interest rates will grow your savings faster. However, it is essential to remember that the interest rate is not the only factor to consider. You should also take into account the other factors mentioned above.
It would be best also to compare the rates of various regular savings plans. Some regular savings plans have annual fees, while others do not. Some plans also charge withdrawal fees. It is essential to compare the fees of different regular savings plans before deciding.
The features and benefits
Comparing the features and benefits of various regular savings plans would be best. Some regular savings plans offer additional features, such as life insurance or investment-linked benefits. These features can be helpful, but they come at an additional cost. It is crucial to weigh the costs and benefits of these features before deciding if they are suitable for you.
When choosing a regular savings plan, it is crucial to consider the provider. Some providers are more reliable than others. You should research different providers and read reviews before making a decision.
Benefits of using a regular savings plan
Save money automatically
A significant advantage of using a regular savings plan is that it helps you to save money automatically. Once you set up your regular savings plan, the money will automatically be deducted from your account. It makes it easy to save money without having to think about it.
Earn interest on your savings
Another advantage of using a regular savings plan is that you will earn interest on your savings. The interest rate is usually higher than the interest rate on a standard savings account, meaning your money will grow faster.
Reach your saving goals faster
A regular savings plan can help you reach your savings goals faster because the money is deducted from your account automatically, so you are less likely to spend it.
Get into the habit of saving
Suppose you use a regular savings plan; you can get into the habit of saving because you will be making regular deposits into your account. It will train your brain to think of saving as a regular part of your routine.
Access to your money
Another advantage of using a regular savings plan is that you will still have access to your money because most regular savings plans have no lock-in period. You can withdraw your money at any time without penalty.
Around half of credit card users are struggling with the debts, only paying minimums, which costs them $1000s over the years. But few will actually do something about it. Get Me Out of Debt is a site that challenges the visitor to take action and Get debt help immediately and break through to Debt Freedom. There is lots of actionable information, the most important of which is the link to top-notch professional debt settlement and credit repair.
Loans are expected to be used for practically any need you are having of course within valid reason in accordancewith the terms of loan you seek. You cannot acquire the loan funds for illegal expenses and activities such asgambling or putting the money at stake with the promise of making repayments later. You are ought to have rational reasons to borrow funds.
Some of the reasons with necessities that can make an applicant get access to a loan in legal procedures are mentioned in this article that we structured after profound search.
House Furbishing and Improvement
If your home, you could grapple out a home equity loan to fix or make amendments to the desired area. Nonetheless, you can also grapple out a personal loan. House projects can be handled through Home Equity Loans and Lines of Credit as well. They grant you a good period for repayment but in these systems, your house is subjected to being confiscated if repayment time exceeds as it is in form of a collateral.
If you require to borrow funds for wedding expenses, you are presented with a few options like credit cards and personal loans. Credit cards have higher interest rates compared to personal loans. Taking out a cash advance on your credit card will have huge interest rates/fees. A personal loan is a less expensive alternativefor tending the expenses of a wedding.
You can avail auto loans if you yearn to buy or lease a car, but personal loans are also available. Merit is thatAuto loans enable lower interest rates compared to personal loans.But since they are secured loans, they use your vehicle as a collateral. If youworry about missing payments and your car getting confiscated, a personal loan is good to go.
Loans for Moving Expenses
If you are moving out of the state, city, or country you will need extra cash supplement to pay for your moving expenses. Cost charges are for packing up your belongings, hiring transport facility to move your things, etc. This reason is a much valid one.
Since the reasons to taking up cash loans are heavy, the cash loans would tend to be heavy itself. But, worry not they are ensured with safe and secure accessible plans. Choose the best for you!
Are you curious as to the benefits are of CFDs? We have you covered. This article focuses on what CFDs are, how they work, and how to trade them.
A brief overview
CFDs are a relatively new invention when it comes to trading in London. First created in the 1980s, they did not introduce them onto the primary stream market until 2001.
However, since then, they have overgrown in popularity because of their ease of use and low barriers to entry.
CFDs are financial derivatives that allow traders to speculate on the movement of an asset that they do not own.
CFDs are usually traded over the counter but can also be traded on the exchange via equity markets.
The benefit of using CFDs as a trading strategy in London is that they offer enormous leverage without putting down significant collateral or margin.
It allows you higher levels of exposure to the market with lower capital outlay – perfect for beginner-level day traders who may lack experience with high amounts of risk management.
Fees related to holding positions overnight often apply.
If your investment goes into negative figures, then your broker will automatically liquidate your position at market price – this is why it’s necessary for any trader beginning CFD trading to have a comprehensive knowledge of the risks involved and how to manage them.
Many CFD brokers offer free demo accounts along with their live trading platforms; this means you can test out new strategies at no cost before committing money to see your ideas play out in real-time.
Not only that but because CFDs are traded on margin, there is also the potential for significant returns if you know what you are doing.
Furthermore, using CFDs as a strategy can be applied to virtually any asset, making them highly versatile in trading pairs.
However, here are some key points that apply specifically to how CFDs can benefit your trading style in London. That’s why CFDs are so great.
Buy and sell quickly
You can buy or sell them in just 30 minutes, with brokers offering flexible trading conditions to suit the way you trade.
So whether you’re a scalper looking for smaller quick gains, or a longer-term investor hoping for more significant-excellent returns, CFDs can accommodate your needs.
Types of accounts
There are many types of accounts at your disposal when using CFDs in London; Standard, Mini and VIP accounts, amongst others.
Although they all rely on margin (essentially borrowing money to make investments), the limits of each type vary greatly depending on how much experience you already have in trading.
These gaps can be seen by comparing their leverage values; where standard account leverage is only 1:30, it is possible to trade with up to 1:500 leverage on a mini account.
Limit Orders are another feature of CFDs that you don’t get with other forms of trading in London, enabling traders to set their desired purchase price before executing the trade.
It adds extra control over your trades, allowing you to leave nothing up to chance.
Besides limit orders and using preset Stops Losses and Take Profits, Trailing Stops can be set so that the market moves against your desired direction.
It will move back towards your entry price by the amount you have specified before exiting the trade.
Entry and exit prices
When you trade CFDs in London, you only ever pay the difference between your entry and exit prices.
It can be very beneficial if, for example, you bought at $0.30 and sold at $0.40; You would make $0.10 on that trade which is equal to a 20% return on your investment, whereas, with traditional trading methods, this is not possible.
Of course, it’s not all just pure profit, as purchasing CFDs does require an initial deposit to put into escrow before making trades; however, once done, there are no further charges or administration fees.
Choosing the right broker becomes crucial depending on how you choose to trade using CFDs in London because ultimately, they will determine how much (or little) it costs you every time you make a trade.
You can visit our website for more insights into trading terms such as moving averages, trends, options and many more.
Perfect inter-office relationships may make a tremendous impact on your team’s productivity, which is something you can’t afford to overlook or undervalue. Small tokens of attention and affection, such as corporate gifts, are one way to accomplish this. The issue is, you’re not expected to pick the perfect gift as a coworker; such high expectations are reserved for partners, closest friends, and siblings, who may be able to assist you significantly.
Nonetheless, the stronger the message of support you offer, the better the present you choose. With that in mind, and without further ado, here are a few suggestions for selecting the appropriate gift for your coworkers or employees.
Keep it a secret.
It’s impolite to exchange gifts in front of coworkers who haven’t made your list unless you have something for everyone. To put it another way, you must do this in secret. You could wish to use this alone time to exchange gifts if you and your coworker have a ritual of meeting in secret after work or if you have any mutual traditions.
If you’re in such a close connection, you’re generally expected to know everything about them. As a result, the bar for expectations should be set a little higher. On the other hand, there’s a line you shouldn’t cross when it comes to intimacy. Some presents are only meant to be presented by a spouse and doing so as a coworker could be risky.
Maintain a budget.
The next thing to remember is that purchasing a gift for a coworker is not the same as purchasing an anniversary gift for your spouse or a birthday present for your child. As a result, it does not merit the same amount of your money. It could be advisable to define a price range and stick to it as closely as possible. This is also why you should choose your gifts as objectively as possible.
A present for a boss
Some people prefer to give their boss a present, which, while it may be regarded with suspicion (even allegations of trying to work your way up in this manner), is a wonderful gesture. Choosing a gift for a boss, however, is not the same as selecting a gift for a coworker. To put it another way, you should aim for something a little more expensive, but not so much that it is unsuitable. Fortunately, there is a long list of appropriate gifts for your boss.
PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products.
The platform allows its users to operate with more than 50 trading pairs, with leverages that can reach 100x in Cryptocurrencies and up to 1000x in other trading instruments, 24 hours a day.
This large number of trading instruments, as well as its high leverage, makes it stand out from many similar platforms with more time in the market such as Binance or Bitmex.
It is important to note that, when choosing a trading platform like this, there are many variables that we must take into account, since not only the variety or quantity of products and instruments guarantee their quality and effectiveness.
Next, we will review this platform and discuss the advantages and disadvantages of trading with it.
PrimeXBT is a margin trading and trading platform, founded in 2018 in the Seychelles Islands, which also has offices in Saint Vincent and the Grenadines and Switzerland. It enables its users to trade with leverage in Bitcoin, other cryptocurrencies, and a wide variety of traditional financial instruments ranging from currency markets to precious metals.
In addition, it offers its users other elements including its friendly interface, a simple registration process (not KYC) that only requires an email, multiple languages (including Spanish), high levels of security, very low commissions and a great liquidity.
Recently PrimeXBT was voted the best Bitcoin margin trading platform in the ADVFN International Financial Awards 2020, it was also awarded as the best cryptocurrency trading application and the best Forex and Cryptocurrency broker.
PrimeXBT has a set of trading tools and features that make it a high-level and competitive option, supported by elements such as high leverage, risk management tools, and much more.
The platform offers 100X leverage on Cryptocurrency trading pairs such as Bitcoin, Ethereum, Litecoin, Ripple, andEOS, as well as up to 1000X leverage for the currency markets (Forex), stock indices, and commodities.
Additionally, the platform allows you to place advanced Stop Loss, Take Profit and OCO orders, to adjust our trading strategies and at the same time manage risks without neglecting profits.
It also features charting tools such as trend lines, support, and resistance, multiple technical analysis indicators such as the Relative Strength Index, Ichimoku Cloud, MACD, and Williams Alligator, and integrated charting software.
The fact that the platform allows the opening of both long and short positions makes it possible for its users to obtain profits regardless of whether the market is high or low.
While the central focus of the platform is Cryptocurrency trading, it also offers its users the ability to trade a varied list of traditional assets such as currencies, commodities, and stock indices.
These are the instruments and trading pairs that can be traded on PrimeXBT:
Bitcoin, Ethereum, Waves, Litecoin, EOS, and Ripple.
Pairs: BTC / USD, ETH / USD, ETH / BTC, LTC / USD, LTC / BTC, XRP / USD, XRP / BTC, EOS / USD, EOS / BTC
US Dollar, Euro, Gold, Silver, Australian Dollar, Canadian Dollar, British Pound, Japanese Yen, Turkish Lira, New Zealand Dollar, Singapore Dollar and Russian Ruble.
Dow Jones, Germany 30, Europe 30, NASDAQ, France 40, Spain 35, S & p 500, Nikkei 225 and Australia 200.
This great diversity of instruments reflects a point in favor of PrimeXBT over its closest competitors such as ByBit or Binance, which despite managing multiple instruments do not have a variety of options to trade as diverse as this, despite the fact that in the section cryptocurrency exchange Binance has more pairs to trade.
Deposits and Withdrawals
The PrimeXBT platform is based on Bitcoin, so all deposits are made with this currency and can be from 0.001 BTC. This makes the deposit process much easier by only requiring you to send the funds to the platform’s wallet, where with two confirmations you will already credit the amount.
Likewise, the withdrawal process is quite simple due to the use of BTC and only the address of the wallet that will receive the funds must be entered. The platform allows you to make a withdrawal per day, which is processed from 12 to 01 pm GMT and its commission is 0.0005 BTC.
Any withdrawal requested before 12 pm GMT is processed that same day. Likewise, any withdrawal request made after 12pm GMT will be processed the next day.
Since PrimeXBT uses hot wallets for immediate withdrawals, withdrawals for large amounts may take some time, as they may not have the amount in them and must withdraw from their cold wallets to complete the operation.
Commissions, Fees and Limits
The platform handles only two types of commission, per operation and overnight financing. The latter is applicable to leveraged operations that are kept open at night. Thus, if a user opens and closes a position with leverage during the day, he would only have to pay the commission per operation.
The fees for operations with Cryptocurrencies are 0.05%. Those of other instruments such as stock indices, raw materials or metals are 0.01% and those of currency markets or FOREX are 0.001%.
Privacy & Security
PrimeXBT has banking-level security protocols that guarantee the security of its users’ funds. It uses Cloudflare to protect against DDoS attacks, SSL encryption that encrypts all information sent to the platform, two-factor authentication, and address whitelisting.
To store user passwords, Prime XBT claims it uses the “Bcrypt” algorithm, which prevents reading them even if a hacker had access to the exchange’s servers.
The vast majority of the platform’s funds are stored in cold wallets, which because they are offline represent an additional security measure. The hot wallets used by PrimeXBT are used for withdrawal operations and immediate payments, so the funds in them are limited.
On the other hand, in case of moving funds from a cold portfolio to a hot one, the authorization of several people will be needed, since they have a multi-signature access system.
Because the platform is non-KYC and does not require detailed personal information in its registration process, there is no risk of exposing the identity of users of the platform.
Recently PrimeXBT launched a new trading option called PrimeXBT Turbo, a Bitcoin contract that offers a binary options-like experience with greater speed and simplicity.
This product allows users to choose between upload or download contracts, with durations of 30 seconds, one minute and five minutes. While this option allows the profits of its users to multiply quickly, it also offers a high potential risk of loss.
Users can try PrimeXBT Turbo through the use of a demo account with 1 BTC, to trade without any risk and put this new product to the test.
Another of the most recent PrimeXBT innovations is its new Covesting module, a product that is the result of the partnership between the financial software company Covesting and PrimeXBT that allows copy trading.
Copy trading allows inexperienced users to connect with experienced traders as followers. Then, they can copy the strategies and operations carried out by the expert traders, creating a kind of beneficial synergy for both, since the expert trader will get a percentage of the profits from his followers.
Followers will be able to trade with any experienced trader and strategy of their choice, based on the statistics supplied daily by PrimeXBT and even get a percentage of the profits generated by the creator of the strategy.
It should be noted that even an expert trader can generate losses, so it is important to be careful and attentive to the use of risk management tools when trading.
For users who want to review and carry out their operations from anywhere without depending on their computer, PrimeXBT developed its mobile application for Android and IOS.
This application offers functionality very similar to that offered in its traditional version of a web browser. It allows a comfortable management of the accounts and an easy execution of the operations. However, the first and most comfortable option to operate is the web version of the platform.
Support and Customer Service
PrimeXBT has a customer service and support system that is available 24 hours a day, 7 days a week. Here, users can access multiple options such as live chat, email, and help desk.
It also has an extensive library of tutorials, video tutorials and trading guides, an innovative Telegram Bot that allows its users to get up-to-date information without having to log into their accounts.
PrimeXBT has a four-level referral system that allows its users to obtain additional income from the commissions generated by the trading of their referrals. In addition, it has created a CPA referral program where people with high influence and followers, youtubers, influencers or webmasters can obtain even greater benefits.
Interested users have an easy-to-share reference link and allusive material to promote the process.
Wide range of financial instruments. Being able to trade both crypto and traditional markets with a wide variety of instruments is definitely PrimeXBT’s main distinction.
Anonymous accounts. The simple registration process without KYC protects the privacy of users.
Security of funds. The platform provides strong banking-level security procedures to its users.
100x leverage in crypto. While leverage enhances profits, it also does so with losses, so caution in its use is highly recommended.
Tools for trading. A robust offering of graphical and risk management tools makes trading easy for newbies and professionals.
The main disadvantages of the platform are:
Recent creation. Despite its good reputation in the market, it has only been in operation for two years.
No client for PC. This prevents your users from operating without using the web browser.
No API functionality. Prevents users from programming their own bots or algorithms for automated trading.
Restrictions on use. It cannot operate in some countries such as the United States, Canada, Israel, Japan, Algeria, Ecuador, Iran, North Korea, Sudan, and Syria.
PrimeXBT is a solid and very complete platform that offers a wide variety of instruments to trade. It allows its users to diversify their operations, hand in hand with an easy-to-use interface, offering advanced and even professional tools.
Its high leverage and competitive rates, added to its advantages outlined above, make it an excellent option for any user, whether novice or professional, and these in turn make it stand out from its closest competitors.
Traders can become a millionaire through their hard work. But, it’s true, 92% to 95 % of traders leave the market in the early stage. The beginning level is a very tough time for the traders. In this time, if they can’t go on the right track. They’ll ultimately face the troubles. They should try to use a plan, they need to work hard. However, if you want to become a millionaire, you need to become strategic. For this, you should give your focus on the market so that you can grab the right opportunity.
In this article, we’ll be going to demonstrate the tips for becoming a millionaire. We hope, if you can apply these techniques, you may also do well.
Follow the strategy
Millionaire people use a strong strategy which helps them to get success. They better understand the necessity of a better plan. If you can use the right plan, you may easily earn huge money from the market. So, you should try to ply the correct strategy which may aid you to do better. So, you just need to go with the strategy. They always ply the strategy based on the situation. And so, they’re now in a successful position. However, they always change their strategy, if it’s necessary.
Have strong skills
If you can practice properly, you may sharpen your skills. However, traders need to improve their specific skills such as risk management skills, technical skills, and money management skills. If you can do so, you may easily get success. Sometimes, traders do not focus on improving themselves. And so, they face big troubles. However, sometimes, traders start trading and face problems because they do have not proper experience in the market.
However, they should try to measure their performance continuously which may help them to get success. Because they’ll get the chance to improve their performance. To know more about the CFD trading industry, you may visit the official link https://www.home.saxo/en-sg/products/cfds. Learn more about the trading conditions and try to optimize your actions in the investment business.
Accept the loss
Pro traders always accept their mistakes. For this reason, they do not face any big issues. They learn from their mistakes. They treat it as a wake-up call. So, if you do not accept the loss, you might not get success. Because you’ll repeat your mistakes which will create huge problems. So, you should try to accept the loss. Because, if you can’t reduce the mistakes, you may not get success. So, you need to understand what you should do for your betterment.
Avoid the recency bias
The person should try to avoid the recency bias so that he can think for the future properly. When you will always think about the previous outcomes, you will not do better. Millionaires avoid thinking about the previous outcomes and try to improve their performance. Investors should think properly so that they can get success. The professional go through the continuous learning process which helps them to become profitable all the time. Newcomers should try to stop overthinking and try to modify the plan to become victorious.
Keep the record
If you keep the record, you will be able to identify the mistakes. Experienced investors work hard to avoid mistakes and take the right action which helps them to get success. When the person will not know about their previous performance, it will be not possible to measure the performance. The investor should learn to keep the record so that they can take the right measures. People should take notes consciously to get an authentic view.
Traders should work hard which will help them to do better. In the trading field, when the person will learn the process to reduce the fear, it will be possible to get a good result. People should become aware of the situation before applying the techniques.