The Cash Diaries

My experiments in passive income, trading and life

August eToro Bonus – Get up to $1000

Another month, another etoro bonus.  Are you ready to start trading on eToro?  Well no may be the perfect time for you as etoro is running a promotion where you can get a bonus of up to $1000 when you join.

That’s certainly a whole lot of extra etoro credit that you can use to copy trade, buy stock cfd’s or trade forex.  If you want to learn more about etoro check out this guide on how to make money with etoro.

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Use SEMRush to Get more traffic

semrush trafficThe more traffic you have the more money you can make.  It’s a pretty simple concept.  But what’s not simple is how you actually get that traffic.  It can sometimes seem like a bit of a dark art, with so much conflicting information.  So it’s best to stick to the basics.  And for my basic SEO work I like to use SEMRush.

I started using SEMRush a little over a year ago, to help build traffic to my authority and niche sites, and I managed to increase traffic across the board.

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Here’s Your Mediatemple Discount for August

Mediatemple CouponHere’s a special offer for Cash Diary readers.  You can get a massive 33% discount

This blog, like many of my other sites runs on MediaTemple hosting.  Years ago I used to use basic shared hosting, but  I soon discovered that my sites were going down all the time, the speed was really bad and when I wanted to run certain scripts they didn’t have the required software installed on their servers. Continue reading

Be more successful by changing your morning routine

Morning RoutineA few months ago I was reading about the various morning routines that successful people had.  And I decided I would commit to a new and improved morning routine for 1 month and see how it worked out.  This meant waking up earlier, cutting out certain distractions and taking on new activities.  Here is how it went… Continue reading

The Aussie Method is a Scam

Aussie Method is a ScamI’m sick of seeing it to be honest.  It pops up (literally) all over the place.  Usually with an annoying video.  And sadly there are a ton of people who are falling for this crap.   Continue reading

The laziest way to make money online

make money with surveysI was thinking today about what would be the easiest and laziest way to make money online.  It would need to be some method that didn’t require much creativity or effort and that could be used by anyone, no matter their experience.

And I came to the conclusion…. Continue reading

What’s the Minimum Investment on eToro

eToro Deposit MinimumHere’s a question I got recently –  What’s the minimum you can invest in eToro?   So here are all the details on the minimum amounts needed to invest in the various products on eToro.  Check out the bottom of the post where I share what I believe is the perfect first time deposit. Continue reading

Acorns Investment Income, July Results

Acorns IncomeAnother month, another roundup of how my continuing investment in Acorns is going.  I’m tracking this so that you can see for yourself if this is a smart investment idea.

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Make more money from your trades with Forex Cashback

Screen Shot 2016-07-28 at 6.15.59 PMThere’s no such thing as a free lunch?  Well maybe this is the closest thing.  It’s called Forex Cashback.  And if you’re a forex trader, and haven’t been using it, you are leaving money on the table.

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Why you shouldn’t use Plus500

Plus500I’ve talked about how I’ve used Plus500 in the past, and even made money with it.  And I’ve also  written plenty of reasons why I like Plus500 and why you should use it.  So it may seem a tad weird that I’m now dedicating an entire post to convincing you not to use it.  But there is a very important reason why….

Trading Forex is not for Beginners 

Forex is a crazy beast, with wild swings and often perplexing results.  It’s impossible to predict and even the best traders are wrong a lot of the time.  So if you’re new to Forex the odds are that you’re going to fail. One of the biggest mistakes I see newbie traders make is thinking they know what they are doing.  They make one or two trades which result in a profit

It takes a lot of your time

Successful forex traders need to spend a lot of time watching the news and keeping an eye on their charts.  Some of my friends, you are professional traders, claim they only trade for a few hours a day, but in reality they always have one eye on the news.  You can’t afford to take a week off and just escape.  You need to be constantly plugged in.

It’s no get quick rich scheme

Even if you make $$ on a couple of trades, the way that forex moves, you are only one trade away from a loss.  In fact, you can easily wipe out the profits of numerous trades with just one bad trade.  So it takes dedication and a lot of time.  You’re not going to get rich trading forex overnight.

A smarter alternative for beginner forex traders

So is there any alternative?  I’m a huge proponent of social copy trading.  The idea is that newbie traders can copy more experienced professional traders and let them do the research and make the calls.  It’s still up to you to find the right people to copy and make sure you spread your money across multiple traders, but it does reduce the amount of risk.  My favorite copy trading platform is eToro.  I’ve written about how I use it and how you can use it here.

If you want to trade on Plus500, you need to start learning

If you still want to trade on Plus500, then you need to start your forex education.  This is the online course that I used, and I highly recommend.  There are many other great sources of information.  Just make sure you stay away from anything that tells you, you can get rich overnight!

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