The Cash Diaries

My experiments in passive income, trading and life

Category: Uncategorized (page 1 of 3)

Is it possible to make money with Binary Options?

You’ve probably seen a bunch of ads telling you how easy it is to make money “trading” the markets with Binary Options.  You’ve probably seen the blog posts and articles, telling you how they made millions.  But is there any truth to this?  Can you possibly make money from Binary Options?

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Making money with Evolve Markets

In the past I’ve written about Whaleclub – a trading platform that only accepts digital currency.  And now there is another player in that space – Evolve Markets.

Evolve Markets is a next generation trading platform that just like Whaleclub, deals exclusively in digital currency, in this case Bitcoin.

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Making money with Ethereum

When it comes to cryptocurrency, most people are talking about Bitcoin, but another currency, Ethereum has also recently had a massive rise in value.

I wanted to write about some of the different options you have for making money with Ethereum.   Sure, you may have missed the recent growth spurt, but that doesn’t mean there isn’t money to be made.

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Guide to Copy Trading in 2017

Regular readers will know that I’m a big proponent of copy trading.  It’s something I’ve been doing for the past few years and had quite a bit of success with.  I wanted to put together a post to round up what the current state of Copy Trading is.

Over the past year I’ve seen new platforms launch, new innovations and some brokers shut down.  So here is a state of play for copy trading in 2017.

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How to increase your forex income with Social Trading

Have you had success trading forex?  Are you looking for ways to grow your income? Then this post is for you.  I wanted to share some strategies you can use to increase your forex or stock trading income, without having to increase the level of risk you trade at.

Social trading offers a path for increased revenue with very little change to how you’re currently trading.  With social trading not only will you profit from your own trades, but you’ll earn additional revenue with people copy your trades through a platform like etoro.

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These are the top performing traders on eToro

eToro is the worlds largest social trading network.  And as such, there are millions of people to potentially copy trade.  So narrowing down who to follow can be a bit of a challenge.   I’ve put together a list of the top performing traders based on this page from etoro which tracks the top performers in 2016.

Here are some of the top performing traders on etoro.  This doesn’t include the one-hit wonders, but rather traders who performed over all of 2016 consistently.

So if you’re looking for some ideas on who to trade, here are my top picks.  I’ll be updating this page throughout the year as things change.

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How to track your net worth and why you should be doing it

For the past three years I’ve diligently kept a log of my net worth that gets updated every week.  I can remember one week before I had started this habit, logging in to check my transaction account, and finding it overdrawn.  I had let my expenses get out of hand and was effectively burying my head in the sand.

I decided things needed to change and begun a written log of my net worth.  A weekly snapshot of my finances.

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Why you should be trading Stock CFDs

Contract for Difference or CFD allows you to speculate on the movement of an underlying asset.  What does that mean?  You can trade stocks without having to own the actual stock.  I wanted to explain some of the advantages and disadvantages of CFD trading and why I think it’s a great way to make money online.

Advantages:

Low  Fees

This all depends on the broker you use, but many won’t charge any commissions.  For example, on etoro if you open a buy position on a stock, with no leverage, the CFD is fee to hold.  Short and leveraged positions will incur a fee.

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How to invest in Bitcoin CFDs

The price of bitcoin is currently surging.  So now may be the perfect time to get started investing in Bitcoin.  And the best way to make money in Bitcoin is through CFDs.

A CFD allows you to trade the underlying asset (in this case bitcoin) without having to actually take delivery of it.  And here is why I think that it’s much easier to invest with a CFD as opposed to actually buying bitcoin: Continue reading

2017 Guide to taking control of your Finances

Money2017 is here.   At the beginning of each year, I like to do a sort of stocktake, where I look at my current financial situation and figure out what is working and what I can do better.    It’s important to not bury your head in the sand and let things get out of hand.

So this year, spend a little time getting your finances in order – it’ll really pay off over the coming year.

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