Wednesday, 12 August 2015

Binary Options

Binary options is a form of trading assets which consist of stocks, forex, indices etc.  This is really a form of gambling where for example you are betting whither Apple's share price will rise or fall to $x amount in a specific time frame.  This time frame could be months long or more instantaneous like in 30 seconds.  This kind of trading can be very rewarding financially but it can also leave you broke.
Forbes.com warned persons to stay away from binary options.


Binary options trading is popular because it is so easily accessible since there are numerous websites being created daily.  All you have to do is sign up, pay the minimum fee required for that particular website and start casting your bets.   The website will always have a graph depicting how the trading is going, if you feel base on the trend of the graph that Apple's price will rise then you place your bet on a "call", therefore you buy a "call". If on the other hand, you feel Apple's price will fall then you place your money on a "put", therefore you buy a "put". 


Some of these websites are definitely scammers but from some reviews online there seems to be some reputable ones out there.  I have personally tried two websites, which are IQ Option and marketsworld, both have a minimum fee of $10 to start.  I am sorry to report that I lost my $10 at both websites. Some of the websites that got good reviews ask for minimum of $200 and over to start trading/gambling.  One of the top is 24option, unfortunately I have not tried it since for me $200 is a lot to lose but maybe with some positive feed back from you  I just might try it.  If you are still interested there are websites where you can get a list of the top-10-binary-options-brokers.

Thursday, 6 August 2015

Money - how much?

Making money online is a goal for most persons who have a website/blog or doing any type of work online, the question is how much money you realistically hope to gain.  As we all know "a lot of money" is subjective, to some $100/month is a lot, while others would laugh at that and think $millions/year is a lot of money.  Some persons will be lucky enough to get $millions/year from working online, while for the rest of persons they must be able to cope with the fact that all online work will not bring $millions.


There are those persons who have a website/blog that is a labour of love and if they happen to get some finance from it, then that would be great.  For some persons they start their websites/blog or some other type of work online solely for financial gain and when the "easy, big money" does not materialize they throw their hands in the air and give up.


Some persons gain financially by running ads on their websites/blogs, some persons sell products/services directly through their websites/blogs. Other persons work online doing other tasks such as: writing articles, short stories, poems, proof-reading etc.; answering emails, surveys and giving reviews; data-entry is another popular task online.  There are so many tasks done online that if one is lucky he/she can have a steady monthly income.


Unfortunately a lot of persons who come on line hoping for success find themselves scam by a lot of people.  The number one rule for job seekers online is: do not pay anyone to give you a job.  A lot of scam are committed by persons who show pictures of cheques worth lots of money, promising that you too could make the same amount but you have to pay a certain amount first, do not fall for it, this is a red flag.  There are legitimate websites that offer jobs that you do not have to pay up front, one of these is: http://www.iwriter.com