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March 2020

Trading

My Trading Experience with 500investments.com

Four months ago I’ve opened a trading account with 500investments.com and given that I’ve managed to understand a lot about the company during this time, I think it will be appropriate from my side to talk about my experiences and other details that might be relevant for other people. In this article, I’ll be sharing my opinion about the company, what I like and what I don’t like and hopefully, at the end of it, you will have an image on that the broker can offer.

Briefings about 500investments

500investments.com is a trading name operated by Cabsy Holdings Ltd, currently offering financial services for a wide range of investment products, including FX, stocks, indices, commodities, and cryptocurrencies. The company uses the same level of encryption technology as international banks and major online retailers do in order to protect your security and privacy all the time. I must admit this had been one of the main reasons why I chose to give it a try. Now let’s jump into my trading experience.

My trading experience

In the beginning, I opened a basic account, since I wanted to see the live trading experience and what kind of services is 500investments.com providing. The process took less than a few minutes and in about two days I got all my documents verified. I appreciate that the company offers dedicated account managers even for basic account holders.

During the process, I had someone assisting me each time I had an inquiry. There is also access to a free trading academy and plenty of other educational resources that could be useful for people wanting to learn more about trading. Price alerts and shares trading are also some of the features.

One of the main downsides, though, is that you have to deposit a lot more money in order to get access to all of their features. In order to upgrade to a silver account, I had to deposit $5,000, which is a considerable amount, if we analyze what other brokers are offering. Not to mention that in order to open a diamond account you have to deposit a staggering $100,000. You can trade effectively even with a basic account, so there’s no need to panic.

Their platforms work well, both the web-based and the TraderSoft mobile app. I’ve used them both and so far there is no major inconvenience. Spreads are mostly in line with what other brokers offer, with some subtle differences here and there.

But, with 500investments.com you get to trade tens of different cryptocurrency-related contracts, a feature seen with only a few other brokers. The fact that they have focused on integrating cryptocurrencies is a big advantage.

Educational content

In case you don’t know how to trade, 500investments.com has plenty of educational material available. Webinars, seminars, daily market briefs, video analysis, eBooks, and many others will help you learn the basics of trading. You have to open a real account in order to get access to all of them.

Summary

Given that I’ve been trading with 500investments.com for a few months, there’s no reason to believe that the company does not provide what it promises. I’ll keep this article updated and in case anything else will be worth mentioning, I’ll make some adjustments.

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News

Effective Ways to Upgrade Your Career Goals

Thinking about career goals doesn’t simply always mean staying at your job for decades. It is about visualizing how you see yourself five to ten years from now. Statistics show that almost one-third of a person’s life is all about work. It just makes sense that you carefully plan your career goals so you won’t end up struggling in a job you hate. You must know your short and long term goals. It will be your fuel to keep moving and become more motivated.

Outsmart your problems

Make an honest comparison of what you did for the past years. Apply some innovations to get your work done effectively. If there are methods that need improvements, do not hesitate to implement a new one. A bright idea comes like a eureka. Suggest it to your organization if you think it can help the entire system. Do not be afraid to take bold steps in your career because this might be your stepping stone to something bigger than you think.

Start improving yourself

Having a job usually stops people from learning a new skill. Knowledge becomes stagnant and people become content with what they know. Enroll in a short training course, learn from a mentor, or sign up for a new degree. Educating yourself is the key to widening your perspective and making yourself more marketable. It can also open doors for better career opportunities. Do not make your busy working schedule an excuse to forget about your passion in your old skills. Revive your talents, sharpen yourself, and who knows, it might be your calling to make a difference.

Grab the opportunities

Opportunities don’t come twice, so if it’s in front of you, embrace it and make the most out of it. There are some situations where life holds you back from a particular shot. A high paying job is available for you. However, you live five hours away from the new job site. Find ways to adjust to the opportunity given to you. Consider selling your house, for example, and move to a better place with huge take-home pay. There are real estate services that can help to hasten the selling processes without you stressing out too much.

Declutter your workplace

Organizing has a tremendous impact not just on our health but also on the way people think and see things. Practice the art of minimalism even if you only have tiny space at the office. Remove unnecessary emails. Throw away pieces of paper and make an efficient filing system for your documents. Make sure to dedicate a certain time of the day to run through your things and arrange them. You’ll be amazed at how spacious and pleasant your area can be.

All the possibilities of achieving the best for yourself are within you already. Present yourself professionally, and widen the scope of your knowledge, the next thing you know you will be climbing the ladder of your career. It may sound simple, but everyone starts with a simple, feasible, and sensible goal.

Image: https://pixabay.com/photos/figures-professions-work-funny-fun-1372458/

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Finance

Insurance for renters debunked

Renting a property does not make you free from owning an insurance policy. In fact, a good home and contents insurance for renters proves highly beneficial in case of any loss or mishap.

Renters don’t own the property in which they live making them think that they do not need any insurance policy. Many renters believe that the landlord’s insurance policy will cover for them as well if anything bad was to happen. However, they are highly mistaken. The landlord’s insurance policy will only cover for the land and the house structure. The contents and all personal belongings of the renters are not covered.

What is renters insurance?

Renters insurance has been specifically designed for people living in a house who in actual are not the owners of the property. The insurance policy has been designed to protect and cover for the belongings of the renters.

Personal belongings and contents can be damaged, lost, robbed or even completely destroyed in different accidents or events. These items if insured can either be replaced by new or replacement cost can be payed depending on the type of insurance.

What does content insurance cover?

Content insurance has been designed to cover the financial cost of all your household possessions, personal belongings and everyday use items. The insurance helps to pay the replacement cost or exchange new for old for all of your insured items in case they undergo any mishap due to robbery, fire, flooding or any other damaging accident. The items that you can insure can vary from clothing, jewelry, kitchen appliances, electronic goods, furniture, white goods, sporting equipment’s, curtains, to the smallest item you own.

Make sure you quote the right prices of your goods and do not underestimate the price. This may result in great loss on your part if you need to claim the insurance.

What is the best content insurance policy for you?

Content insurance policy can vary according to your circumstances, your requirements and priorities. If you are renting out a room only instead of a house, you might have to look for suitable room-only insurance. However, many insurers are not happy if you opt for room-only insurance. This can get a lot risky and complex.

You can find numerous insurers offering different premiums and monthly payment plans along with varying conditions and limitations. This might get really confusing as to which content insurance policy to be chosen. The best way to start looking for a good and reasonable policy is to use price comparison websites.

There are many websites that does this comparison and all of them have different companies so it is better to combine the results for multiple websites and then make a decision.

Once you have shortlisted the most affordable insurance policy, read each of the policies in depth and understand all points clearly to avoid any confusion and misunderstanding. Make sure there are no hidden payment clause and the conditions are not very hard. Payment method should also be considered for each policy because you sure don’t want to go in debt whilst protecting your things. Finally, make the perfect decision for yourself.

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