The Cash Diaries

My experiments in passive income, trading and life

Category: Forex (page 1 of 9)

This is why you lost your money on Plus500

Plus500 is a trading platform that tends to attract a lot of new people to forex and cfd trading.  And because of this, I tend to get quite a few questions on comments on this blog from people who have failed to make money on plus500.

If you’re a good trader, than i’m sure you can turn a profit on plus500, but I wanted to write a post for the new traders to help them become better traders who don’t lose money.

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Using Fundamental Analysis to make profitable forex trades

Have you heard of fundamental analysis?  Have you wanted to use it to apply to your forex trading?  Well all good forex traders, no matter what strategy they use, need to have an understanding of how fundamental analysis works.

So what is fundamental analysis?

Fundamental analysis involves analysing economic, political and social events that may have an impact on the price of a currency.

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Whaleclub First Deposit Bonus

Whaleclub is a new type of trading platform where you can trade stocks, forex and commodities using bitcoin.  It works just like other trading platforms, but instead of using fiat currency, all trading is done using digital currency.

I think it’s a unique concept, and I’m certain that we’ll start seeing more trading platforms like this.

So if you’re looking to put your bitcoin to work and start using it as a currency, then you should take a look at Whaleclub.

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Getting free forex signals with eToro

If you do a search for Forex Signals, you’ll see a bunch of different companies and individuals offering “money making systems”, which can be all yours for a small price of $$$.   Some of these providers are outright scams.  Others will get you to join a broker, and make a large deposit before you can get access to their signals.

But did you know that you don’t need to pay anyone to access to forex signals?  And you can get access to signals that are not only profitable, but you’re able to see all the past trades to verify this for yourself.

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Who to copy on eToro: DavidGiles

Ok time for another post in my series on who to copy on eToro.  With so many people on the eToro platform, with different trading styles, it’s hard to focus on where to invest your money.  So i’m reviewing some of my top picks on people you should look into.

Always remember to do your own research and only copy people who match your investment goals and the amount of risk you’re willing to take on.

This review is on DavidGiles, who’s had an impressive return of over 60% for the past 12 months.

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Use Bitcoin to trade stocks and forex

Did you know you can now use Bitcoin to trade stocks, forex and commodities?  It’s just like trading using fiat currency, but the base currency in this case is Bitcoin.

Whaleclub is a fast growing online broker that allows you to trade entirely using digital currency.  So if you’re looking to make use of your bitcoin reserves, read on:

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Boost your trading portfolio with free etoro credits

Did you know you claim up to $4000 in free etoro credits?  I think many people don’t know and are missing out on a big opportunity when registering.

eToro Credits

eToro credits are credited to your account and can be used to copy trade as well as manual trade.  Credits can be used for opening stock cfd positions, trading forex, ETFs etc.

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Making money with Whaleclub

Whaleclub is an exciting new type of trading platform that allows you to trade forex, stocks and commodities using cryptocurrency.

Have you ever wanted to trade Apple stocks using Bitcoin?  Or use Dash (another cryptocurrency) to trade forex?  Well now you can.  But can you actually make money?  Is it legit?  Well read on to find out more about this new type of trading.

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Trading the U.K election

The last 12 months have been packed full of major political events.  And these events have all had an impact on the markets.  I can’t remember a time when so much was happening in such a short period!

The next major event looks like it will be the U.K election.

So what impact will this have on the markets?  Will there be as much volatility as we saw during Brexit and the U.S presidential election?  I don’t think we’ll see the same amount of sharp movement in the markets, but there still could be some interesting trading opportunities.

Here’s a run down on some of the scenarios that we could see:

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CFD Trading: What you need to know

CFDs are a popular form of investing.  I wanted to break down some of the pros and cons and explain why they are becoming more and more popular with online brokers.

What is a CFD

A CFD is a tradable asset that will mirror the price of the underlying asset.  CFD (Contract for Difference) is a contract between you and your broker to pay each other the difference between the price of an asset when you open the trade, and when you close the trade.  An asset might be a stock such as Apple or a commodity such as Gold.

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