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Abram Jayce

Finance

Why is starting with a good credit score important?

Many have this misconception that taking a loan at a young age should be avoided as much as possible because it will impact the spending habits of youths. However, as much as it is imperative to spend money responsibly, it is equally important to have high creditworthiness to make financial decisions freely in the future. The youth start earning at the age of 22-25, where they are hesitant to take credit during their early professional lives. However, this is the time to start building your credit score so that you can get more loans at lower interest rates later. Youth are notorious for their risky, whimsical behaviour, making it difficult for banks to trust them. Thus, banks depend upon the credit score to determine the creditworthiness of people, especially young professionals. Some of the advantages of maintaining a high credit score are:

  • Secure low-interest- This interest rate is significantly less when you have a high credit score, so it is better to start small credits at a young age and maintain the credit score as much as possible. You can also apply for a virtual credit card to get started with your journey.
  • Get a loan comfortably- The credit market segment of people between 22-25 is about 60 million. Banks are trying to leverage it and encourage more young people to apply for credit cards. It can help you avail of loans very conveniently in the future. Your credit card utilization or the relationship between your credit limit and your spending is analyzed by the bank. You may be considered a high-risk borrower if you have credit card debt and high credit utilization.
  • Avail best credit to fulfil your dreams – There is a tremendous rush of energy in the fresh minds. The young generation likes to try different fields to discover their passion and explore new opportunities. A high credit score will allow you to support your endeavours financially with better loan options and lower interest rates.
  • Get equipped to take risks and explore more opportunities- The young generation wants to explore new opportunities by treading on risky fields. You can avail of a stable financial source with better loan opportunities at high credit scores.
  • Financial discipline- Your loan may qualify you for a low-interest rate personal loan allowing you to save money. Hence, you will develop the habit to track expenses to improve credit score It will improve your overall financial discipline, in general. Taking long-term and informed decisions can help you achieve your goals.

The following are some ways to boost your credit score:

  • Apply for a low-limit VISA credit card or loan
  • Track your credit score & set up automatic balance alerts
  • Raise your credit limit gradually
  • Spend less, avoid late payments
  • Pay multiple times instead of one big payment

By taking these conscious and deliberate steps at an early age, you will set the foundation for future financial freedom. Maintaining a good credit profile will give you a sense of security in the later years.

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Trading

TradeBaionics Review – Is TradeBaionics A Good Choice For Your Online Trading Journey?

TradeBaionics Review

As online trading continues to gain momentum with each passing day, TradeBaionics is a broker that stands high above its competition. This is because of a number of different factors, all of which will be thoroughly examined in this TradeBaionics review. We will be talking about a lot of aspects that will then inform your decision as to whether you should pick TradeBaionics as your preferred broker or not.

Trading platform

Having a platform that can be used easily and one that looks professional is key in the world of online brokerages. Brokers would hence need to provide a platform that traders of all kinds and backgrounds may use, as the main goal would be to get as many people as possible to start trading. TradeBaionics has therefore offered a highly intuitive trading platform that has a sleek and crisp appearance. Right from the start, it feels like you are accessing a highly advanced and professional platform, one that offers plenty of trading tools and assets to work with.

TradeBaionics also utilizes the MetaTrader software when it comes to its trading platform, specifically MT4. This is a great choice for a trading platform as through its integration with the broker’s services and features, the clients of TradeBaionics can enjoy a meaningful and profitable trading experience. The trading platform can also be accessed by any device such as tablets, laptops and smartphones. Web-based trading services have also been added.

Asset index

It goes without saying that the reason why certain individuals would want to get involved with the online trading sector is because of the desire to make more money. To that end, we would suggest that you check out the asset index of any broker that you are interested in beforehand, as this can tell you about whether the online brokerage of your choice even has the specific asset that you are looking for.

TradeBaionics has a very dynamic, diverse and impressive asset index. When you sign up, you will be given access to a wide variety of leading global financial markets. Traders’ portfolios can thus be diversified to a great extent, mainly because of the abundance of different tradeable assets offered by the broker. Some of these assets include cryptocurrencies, indices, forex, commodities, and stocks. You may also explore other options like ETFs (exchange-traded funds) if you wish.

Account options

As a trader, you are bound to have certain preferences that may differ from those of other traders in this industry. This is perfectly normal and quite common, which is why you need to pick a broker that offers a diverse range of account options.

TradeBaionics has provided several options with which you can make your account. These account options range from ‘Bronze’ all the way to ‘VIP’. Unlike a vast majority of other brokerages, which may only offer a handful of account options, TradeBaionics provides its traders with a whopping seven different account types that may be selected.

Trading tools

Having the right tools at your disposal can make all the difference when it comes to online trading. This is because certain trading tools and instruments can be used in tandem with your knowledge about online trading in order to help you earn substantial profits. TradeBaionics realizes the need to have such trading tools, and so it has accordingly provided such instruments to its clients.

Some of the trading tools offered by this broker include an economic calendar, price alerts, tools for risk management, market analysis videos, live charts, market insights, and a helpful ‘Trader’s Guide’.

Customer support

If you ever need help with anything related to online trading, be it a technical issue or just a general question, feel free to reach out to the customer support team of TradeBaionics.

The capable team will help you as soon as possible, and your issue should be resolved in no time at all. You can reach the team via email and call-back methods, or you can alternatively take advantage of the broker’s ‘Live Support’ function. There is also a useful FAQ section.

Conclusion

All in all, this is a fantastic broker that has gained our vote of confidence. We truly do believe that TradeBaionics is one of the best brokerages out there, and there really is no reason as to why you should not consider signing up with it. If you wish to make money through online trading, then registering with TradeBaionics is a great way to do just that.

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Finance

Securing strategic profits in option trading profession

Every kind of trading business is a systematic process. No matter which marketplace you are participating in, you will need the best risk management. With risk management, a trader can predefine the best trade setups. However, the trading system does not end with that. A trader needs to secure the position sizing. And for that, everyone should implement the best techniques in market analysis. It might take some time to find the most profitable trading signal. A trader cannot bore himself while waiting for it, though. Without being sure of position size, no one can arrange pips. As a result, there will be no profits rather than loss potential. A trader should realize the consequence like that and start preparing his business strategy. While doing so, he should create the best systematic plan to secure the trades.

After securing the trades, everyone can deal with any market sentiments. A trader can implement stop-loss for any loss potential. Or he can use the take-profit for securing the potential earnings. In this way, every trader can experience the most impressive trading career in Forex. If you want a successful career like that, your trading approach should be systematic.

Simple risk exposure for Forex

A systematic trading approach starts with risk management. Every trader needs this fundamental to secure risk exposure. If someone does not have enough money to invest in trading, he will benefit from managing risk exposures. Due to the high volatility of the marketplace, a trader needs to refine the investment in each trade. Considering multiple aspects of risk management, a trader should spend some time developing the strategy. Every purchase must have the least potential loss that is fair for a trader. Even the experts use this strategy to keep their risk exposure intact.

For reference to rookie trading, risk management should not bother a trader. A trader can choose between a 1% to a 10% investment policy related to the total capital. After that, everyone should consider fitting leverage to the investment. Think about a 1:10 ratio to leverage the size of your lots. If someone uses a simple strategy for managing risk exposure, he will benefit from the options trading business. To learn some simple trading technique, you may consider the free resources at Saxo. Visit now and enhance your confidence by learning simple but efficient trading strategies.

An extensive market analysis

When risk management takes care of the investment policy, market analysis is crucial for position sizing. A trader needs it to find the best trading signals. Not only that, it helps to secure the position sizing with the best possible entry and exit points. Using the reference from a decent risk-to-profit ratio, a trader can select the perfect spots. Those spots will be crucial for stop-loss and take-profit. However, a trader needs an extensive amount of market analysis to understand the sentiments. Without being sure of the price movements, you cannot predefine the position sizing. So, you will lack efficient stop-loss and take-profit for the trades. As a result, you will fail to secure your business.

A trader cannot avoid market analysis to prepare a systematic trading approach. Since it helps to understand market behavior, a trader can have confidence in a profitable trade. Or everyone can be sure of loss potential and stop trading. Ultimately, it benefits a trader to experience a successful career.

Securing the trade potentials

Every trader should invest the most amount of effort into profit potentials. But without efficient trading psychology, a trader cannot win profits. And most importantly, traders cannot secure the profit potential of a purchase. That is why they should learn about using necessary precautions in trading. If a trader thinks efficiently of his approaches, he will implement the best procedures for risk management. Then, the risk-to-profit ratio will be set, which is beneficial for a trader. Ultimately, with an efficient market analysis, any trader can predefine the position size. Therefore, everyone can use take-profit to secure the profit potential. Where the stop-loss is there to close your trade before it’s too late, take-profit is to keep your earning intact. Hence, it is crucial for a systematic trading approach.

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Finance

HOW TO CHOOSE THE PERFECT MORTGAGE BROKER

Buying a house is a dream for almost everyone. With time, the prices of property have only been increasing which makes the dream even more distant. Taking a mortgage can help you to actualize your dream. A mortgage is a loan that you take when you are buying a house. When you have made a decision to buy a house and take a mortgage, that is just the very first step. You need to figure out a Mortgage Broker Richmond Hill who will provide you with the mortgage at the best rates and have a plan which perfectly suits yours. When it comes to brokers you might find yourself feeling overwhelmed with the number of available options. We are here to tell you how to choose the perfect mortgage broker when you are planning to buy your dream home.

The agents should be licensed

The agents must be licensed by the Financial Services Commission of Ontario. This licensing is for your safety. It will help to ensure that the agents have the much-needed expertise to help you get through any problems regarding the mortgage.

Specializing in all types of mortgages

Each broker specializes in a different type of mortgage. Some brokers work only on the commercial mortgage for new businesses and others focus on helping families finding their dream home. Finding a mortgage broker which provides you with the kind of mortgage you need can be a time-consuming task. A broker who has expertise in all types of mortgages would be able to provide you with the best deal whether it is for a commercial mortgage or a home mortgage. They will work with you to understand what your requirements are. They will help you to find the perfect plan.

The mortgage terms should fit your needs

Every mortgage has its own set of terms that one needs to abide by. The broker should be able to customize the mortgage term based on what your needs are. How the loan is going to be repaid, the interest rate and the period in which the loan is to be paid should be dependent on your comfort level. The mortgage plan should be designed around that. When the broker understands your needs are and how much you would be able to repay in the fixed time, they will work towards finding you the best possible deal.

Answering all your questions and queries with ease

Taking a mortgage is not an easy task, especially if it is your first time. You are bound to have questions about how it works and the interest rate and repayment. The broker should be able to answer all your questions with ease. They should explain the terms and conditions to you very clearly so that you know what you are getting into. A broker who is transparent about the process and works with you to help you to make an informed decision is the broker that you should be opting for.

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Finance

Day Trading Tips for Beginners | Century Financial

Investing in the stock market is a great way to grow your wealth over time. But if you want high returns, to make money riding the ups and downs of the market, day trading could be a great alternative. Read On!

Day Trading Tips for Beginners

Interested in day trading? Read this post for some expert tips that are sure to help every new day trader in Dubai and the UAE.

While share market investment offers the highest returns potential, day trading could also be highly rewarding. Unlike stock investments that are made for months and years, day trading or intraday trading involves opening and closing your positions within a single day.

In the last few years, day trading has become a popular trading style in the UAE. If you are interested in intraday trading, then here are some expert tips that are sure to help every beginner-

1. Start with the Right Trading Platform

Your day trading journey will begin with a trading platform. It is the trading platform where traders analyze stocks and other securities before placing their trades. While there is no shortage of online trading platforms in Dubai, you should select one offered by a reputable broker or investment solutions provider.

MT4, TradeRoom, CQG, and TWS are some of the most popular platforms used in the UAE. You can select a company that offers access to multiple trading platforms so that you can choose one that best suits your expertise and requirements. Ensure that the platform provides access to a large number of global equity markets and securities.

2. Choose a Preferred Security

While day trading in stocks is the most popular in the UAE, you can also day trade a host of other securities, including forex, commodities, CFDs, cryptocurrencies, and more. As you are just starting with online trading in UAE, it’d be better if you choose any one security that you find most interesting.

After gaining some experience in the selected security, you can then experiment with others. Some of the top investment solution providers in the UAE also offer research and consultancy services to help their customers generate higher returns.

3. Understand the Popular Day Trading Strategies

There are several time-proven intraday trading strategies that are used by traders across the world. Some of the most popular ones used in the share market in Dubai are Scalping, Momentum Trading, Breakout Trading, Pullback Trading, News Trading, and Trend Trading.

While the ultimate goal of each of these strategies is to help a trader find profitable trading opportunities, it will take some time, knowledge, and experience to master them. Thus, choose one or two popular day trading strategies and try to learn more about them.

Some of the brokers also offer demo accounts for practising. The demo account could be an excellent place for testing strategies before using them in the real trading account.

4. Know the Popular Indicators

Indicators are tools used for technically analyzing securities on charts and predicting their future prices. They are based on mathematical calculations that consider the volume or price of the security. RSI (Relative Strength Index), MA (Moving Average), and MACD (Moving Average Convergence Divergence) are some of the most popular indicators used for online trading in Dubai.

Like trading strategies, it’ll take some time for a beginner to understand and master these indicators. You can combine a trading strategy with these indicators to maximize return potential. Use a few popular indicators in your demo account to understand how they work and the signals they generate.

Beginners should also note that no trading indicator is fool proof. There is no guarantee that the market or price of a security will move as per the signals generated by any indicator.

Starting Your Day Trading Journey in the UAE

Patience is the key to becoming a successful day trader. While there are several strategies and indicators that could help improve your winning rate, it ultimately depends on the skills and expertise of the trader.

As a beginner, it’d be wise to start with a demo account, where you can understand how the market works and the risks associated with intraday trading.

When you start trading with a real account, start small and build your way up as you gain more knowledge and experience. The assistance of a reliable trading platform and broker in the process cannot be underestimated.

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News

Your Rights as a Pedestrian in Accidents in Virginia State

Virginia is known for its tough legal framework deploying fault-based mechanisms to deliver justice to accident victims. The framework essentially works in favour of pedestrians during collisions with motors. For example, a motor driver is expected to look at all sides, and make way for pedestrians on the road. This is even true in odd cases wherein people backup their vehicles without noticing pedestrians. Apart from the legal fault, the motorists is also expected to bear responsibility for taking the pedestrian to a nearby hospital, and provide all assistance to make them feel better. Hence, if you have experienced a collision with a motor, be sure to hire a local injury lawyer to seek appropriate compensation. Below are some ways to safeguard your legal interests in such cases. Feel free to visit tomjacksonlaw.com to read free legal expertise on various issues. 

File a Report 

In cases of accidents with pedestrians, the motorists are expected to file a report with the police immediately. This is an important distinction from other collision cases, wherein both parties are expected to take moral responsibility to inform authorities. If you have been hit with a car, be sure to also photograph the site. If the site is a private property, police, and other authorities often do not write citations as backing up from parking lot is a common menace in many places. However, those filing a report in your case are essential for you to file charges to gain rightful compensation. 

Collect Information 

Collecting information is essential after a collision. After a catastrophic collision, you may not be in a state to do this. However, coming back to the site at a later stage, and speaking to witnesses, collecting their phone numbers, gathering information about insurance of the other party, speaking to their lawyer, and third parties like insurance is essential to build your case. As mentioned earlier, while the legal framework remains sympathetic to pedestrians, it does favour pedestrians when it comes to attributing blame in any way. Hence, you will have to prove beyond a reasonable doubt that the other party was at fault. You can achieve this with photographs of the parking space, if applicable stop signs, witness testimonies, and more. 

Speak to a Local Lawyer

Accident investigations are often a tough nut to crack to gain compensation. One hand, during accidents very few individuals are able to collect good information after the collision. Moreover, the burden lies on the defence to prove that the other party is guilty, and they deserve compensation for their injury. Furthermore, accidents much like other personal injury compensation claims are often dictated by local laws, custom, and ability to navigate the legal process. 

Hiring a local lawyer like Jackson law firm can also help you gain a realistic estimate of your repair, medical, and other costs. The firm is active in most counties in the Virginia state including Floyd, Carroll, Grayson, Bland, and many others. You can visit a website to arrange a free counselling session. 

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Finance

Financial planning to help with your Investment funds

A big part of your financial planning is to learn how to invest right. Without a proper plan, one may reach a point where investments no longer yield the expected results. At times the amount of information available regarding various investment opportunities can turn into a challenge in itself. Understanding and choosing the right investment can indeed be tricky.

Newcomers especially may find the overload of information quite tough to comprehend. Certain challenges that all budding investors go through are :

  • The uncertain market
  • Understanding the risk factor
  • Choosing the right option

Having an application or a tool that can help with these challenges and guide an individual regarding his/her financial choices can be quite handy especially at the beginning. Mutual funds should be selected by you based on your plans, be it short-term or long-term in nature. Today you have investment-based apps that help you select the best options concerning your financial goals.

SIP is the smart mutual fund tool preferred by a lot of individuals nowadays. Essentially, it is a mode of investing where you fund a small portion in regular intervals. In this way, there is less fear of risks since a huge sum of money is not invested in the beginning. One can start a SIP investment where he/she invests a small portion of their income in regular intervals which helps provide accountability and also adds financial discipline.

The volatility of the market can be taken into consideration while choosing a SIP. If the market seems shaky, one can fund a small amount and if the market is seeing a promising trend, a larger amount can be invested to take advantage of the situation. A SIP investment helps beginners to navigate their way through a long-term investment plan. This is something that normal lump sum investment funds cannot provide.

Choices may overwhelm an individual. A variety of funds are available in the market to invest in, thus picking out viable options that have the potential to provide monetary gains is challenging indeed. A proper financial plan can help in this process. Deciding whether the investment needs to be short-term or long-term is a good place to start. Analyzing the risk factor and then deciding the portion of the money to invest in the next challenge. These challenges can be made easy with a good financial planning app to mentor an investor during such decisions.

SIP investment is one of the many avenues one can invest in today. Investing is a process that has its hurdles and thus no one should get into it without a sound financial plan. Investment funds are available in plenty and planning every step of the investment is mandatory to reduce the risk of the uncertain patterns of the market. When it comes to mutual funds for beginners, SIPs are one of the ways to get started.

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Trading

CTmatador Review – Is This Broker Any Good?

CTmatador Review

The broker with which I am going to introduce you today is CTmatador. It has received great responses and feedback from traders from the very beginning. The reason behind its popularity is the innovation which it has brought through its trading platform, which is specially designed to facilitate cryptocurrency trading. In this CTmatador review, I am going to tell you how this broker is a guarantee for your success.

In the previous 4 to 5 years, the trend of CFDs and cryptocurrencies has increased sharply. The reason behind this trend is that traders find it easy and more profitable to start cryptocurrency trading as compared to other trading instruments. This trend has increased traffic on new brokerage platforms because older brokerage platforms couldn’t update themselves on time. In this situation, CTmatador sincerely provided its advanced services, which led it towards great success.

Marvellous Trading Platform

It is a point where all experts agree that no broker can prosper if its trading platform is not up to the mark. Being an intuitive brokerage platform, CTmatador gave special importance to its trading platform. As a result, it has succeeded in providing a platform that does not feel difficult at all. Some people say that they felt like they had been trading on this platform for a long time because everything there is well sorted and easy to find. Not just easy to use, it is also eye-catching, and the users don’t feel it boring. Many fascinating tools are provided on this amazing trading platform which automates the whole trading process.

Various Trading Instruments

In today’s world, not just the brokers but the traders have also changed. No trader is completely unaware of trading because everyone has access to the internet. Traders know that investing in more than one trading instrument increases the percentage of profit. CTmatador has considered this point and provided all trading instruments on its platform from which traders can select one, two or even all the assets. The trading instruments provided on CTmatador include Stocks, Indices, Commodities, Bonds, Forex, CFDs and Cryptocurrencies. All these instruments have further various trading assets. For example, in Cryptocurrency trading, you can trade Bitcoin, Ethereum, Ripple etc.

Customers’ Assistance

As I said earlier, traders have access to the internet, and they can find answers to many questions there. But the internet is a broad spectrum, and a trader may not know where to search or how to search a particular question. Keeping this in mind, CTmatador has created a team of learned traders who remain available for all their customers to help and give advice. To contact the broker, you can use any of the methods given on its website.

First of all, you can fill the contact form to send your problem to the customer support team of CTmatador. Secondly, you can visit their head office in London to personally discuss your problem with them. Thirdly, the broker has provided two email addresses that you can use to get a quick answer to your question. One email address is given for those who want support regarding any issue faced on the trading platform. The second email address is purely created for those clients who want to seek information related to any kind of topic related to online trading.

Other Features

Other features of this broker include the education section, security policies and multiple account types. The education centre is designed to equip its traders with all the basic knowledge about cryptocurrency trading.

Online trading possesses an element of risk which is why CTmatador has implemented the most widely acknowledged security policies to ensure the safety of their traders in respect of their money and information.

CTmatador provides multiple choices to their customers when it comes to selecting a trading account. It offers six different accounts from which the traders can select the one which better suits their choice as well as their pockets.

Final Remarks

All the features of this broker are so amazing that they can single-handedly convince the traders to sign up. Having all of these features in front, there remains no reason to neglect this broker. That is why I suggest you give CTmatador a try to start cryptocurrency trading or any other type of trading.

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Loans

Tax Benefits of Taking a Joint Home Loan

Many aspiring home buyers in India prefer applying for a joint home loan to enhance their eligibility and get a higher amount. Apart from being a feasible way to get the desired funds for home purchase, applying for a joint loan is a great way to get added tax benefits. There is no doubt that a home loan is an excellent tax-saving instrument, but do you know that when you apply for a joint home loan, both the co-applicants can avail of tax benefits individually. However, for the partners to get the tax benefits guaranteed under different sections of the Indian Income Tax Act, you must meet specific requirements.

One of the most critical prerequisites to get tax benefit on a joint home loan is that you must be a co-owner of the property. This means the property you have purchased must be registered in your name as the co-owner. There have been many situations where the property is owned by a parent, and they apply for a joint loan with their child who takes the responsibility of repayment. In such a situation, if the child is not a co-owner, they are not eligible to claim tax benefits.

Conditions that you must meet to get tax benefits on a joint home loan.

  • As mentioned earlier, one of the important criteria for claiming tax benefit on a joint house loan is that you must be a co-owner of the property.
  • Apart from being a co-owner of the property, you must also be a co-applicant of the loan as per the loan documents. Property owners who are not borrowers and don’t contribute to the loan repayment cannot avail tax benefits on the joint home loan.
  • If you have availed of a joint home loan for buying an under-construction property, you can claim the tax benefits only from the financial year in which the property construction is completed. You cannot claim tax benefits on an under-construction property.

What tax benefits are available on a joint home loan?

If the property you purchase is self-occupied, then each co-owner who is also a co-borrower of the loan can claim a deduction up to Rs. 2 lakhs in a financial year on the repayment of the home loan interest. This deduction is guaranteed under Section 24 of the Indian Income Tax Act.

An important thing to note here is that the total interest repaid on the loan is allocated to each co-owner in the ratio of the ownership. This means the total deduction you claim on the interest repayment cannot be more than the total interest you have repaid.

Let us understand this without an example. If you and your spouse have availed of a home loan and have repaid Rs. 4, 50,00 in interest in a financial year and you share the property ownership in 50:50 ownership, then you both can claim Rs. 2,00,000 while filing your tax returns.

Additionally, each co-owner can claim a tax benefit of Rs. 1.5 lakhs in a financial year on the repayment of the principal amount under Section 80C of the IT Act.

Final Word

Thus, applying for a joint home loan allows you to get greater tax benefits as a family. Make sure that you are aware of the tax provisions and benefits available to you and make the most out of it.

 

 

 

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Business

Few Reasons to Take on a cfd

A cfd is a complex financial instrument that allows you to invest in commodities without having any significant knowledge of the markets. There are many benefits to taking on a cfd, including diversification and stability in your portfolio.

In this blog post, we will discuss few reasons why you should take on a cfd today!

-Diversification of your portfolio – by taking on a cfd, you can diversify the risk in your investment portfolio. This is important because it allows you to invest passively and still provide a stable return for reduced volatility.

-Protection from inflation – commodities are used as an input into production all over the world everyday. As supply becomes limited due to higher demand, prices tend to go up which increases purchasing power!

Inflation protection provides extra value without adding additional risk or stress!

-The opportunity cost of not investing – The stock market has been experiencing phenomenal growth lately with both stocks and bonds near their all time highs. If we look at historical returns however, this could be very different going forward…

By taking on a cfd, you can diversify and protect yourself from market volatility.

Conclusion:

In conclusion, taking on a cfd can protect you from market volatility, inflation and help diversify your investment portfolio. We hope that this was helpful.

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