Why Real Estate is a Great Investment for your Retirement Plan

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Retirement is coming for all of us at some point in our lives. At least we hope it is. After all, it’s unlikely you or anyone else wants to work forever, particularly when you’re older and become quickly fatigued.  You’ve probably heard of the FIRE (financial independence retire early) movement capturing the hearts of many. For others, who are married to their jobs, they prefer the FIOR (financial independence optional retirement) option instead.  Whichever movement you feel inclined to follow, it’s true that a lot of people are actively planning towards accruing a dream retirement. Where their debts are paid off, and they have the time and money to indulge in all their favorite things, such as exploring the world or spending all their free time with their grandchildren.

Preparing for retirement is about realizing that there’s more to life as you get older. We’re often so sucked into the here, and now, we spend most of our energy and money working for the present. But something has to give and be set aside for the future. Because if it’s not, you won’t be able to fund the retirement you deserve.  According to Northwestern Mutual Planning and Progress Study 2019, worryingly, 15% of Americans have no savings or investments for retirement. Meaning, unless they begin saving soon, they could really begin to struggle when their retirement years kick in.  Sustainable wealth takes time to build, to experience the benefits of compound interest, and increase value. But it’ll be completely worth it when you’re ready to retire from work. Besides paying off debts, such as student debt, mortgages, and credit cards, it’s smart to place your cash in areas where it can work for you.

Whether you’re adding to existing investments, or you’re a newcomer to investing who is hoping to start building up your assets and investments. It’s essential to remember one thing – always diversify your portfolio. Which essentially means, don’t plow all of your money into one investment, as you could risk losing it all.  Instead, explore other investment opportunities. Different markets fluctuate over time. With a diverse portfolio, your other investments shall hopefully absorb any losses experienced elsewhere in your portfolio.  Ideas for investments include antiques. Putting money in savings accounts that yield a high return, investing in precious metals such as gold. Or perhaps stocks and shares.

Real estate, in particular, is an excellent sector to invest in. It’s proven time and time again; its robust nature can bounce back from economic turmoil. For more reasons why real estate is where you should put some of your money for retirement, below are seven.

Regular Income

Whether residential or commercial, providing you have a large deposit and stable income. Plus, potentially some experience buying and leasing out properties, banks are likely to lend you money towards your chosen real estate.  Once you have your property and secure a rental agreement with an individual interested in using your property, you can instantly begin earning an income from that property. While subsequently paying down the mortgage. Moreover, as the property appreciates steadily over time, the amount you can charge will rise, too, leading to more income for you.

Tax Benefits

There are numerous tax deductions and breaks that make real estate investment worthwhile. For instance, you can minus the expenses you incur to purchase, maintain, and manage the property. For a guide to real estate ira investing from experts that help individuals accrue a financially fulfilling future in their old age, with real estate, look at the company Accuplan. Furthermore, due to property depreciating throughout its life, you can also add on years of deductions that shall also shed your taxed income.

Increase Net Worth

While owning a property, you gradually pay down the mortgage and build equity. As your wealth rises, your potential to buy more property increases. By accumulating more houses, you will again be able to create more income from rentals.

Decrease Portfolio Volatility

Residential and commercial properties alike, tend to have little to no correlation with other investments, which can be quite volatile. Real estate is a stable investment that can provide an excellent return, without too much risk.

Financial Security

Beyond having a fallback fund for emergencies, it’s essential to have investments that can provide you with peace of mind and financial security. With a rental property, in particular, it’s owners secure a regular income. And as mentioned above, as the value of the property increases, the rental income shall too.

Predict the Forecasted Market Value

There are plenty of detailed online sources about the history of an area’s properties and its historical sale prices. And so you shall be able to see a property’s sale value over time.  Plus, you can also do primary research and visit to get a feel for an area you’ll be buying in. Great neighborhoods, with houses that are hardly ever up for sale, and excellent schools close by. Additionally, access to public transport routes, and low crime rates, shall always be in demand, particularly with families, couples, and the elderly.  With an abundance of resources available online. Plus, the potential to conduct in-person research before you purchase a property. You can gain a good picture of whether a house or commercial building is likely to be a good investment. This means you can make an informed decision on your purchase, leading us to the next point.

You are the Boss

Some people love managing properties so much that they make a living out of buying and flipping or renting out properties. One of the best things about managing properties is you’re self-employed and work when you want to. Meaning you decide when and where to conduct research, source housing auctions, survey properties, etc. If you enjoy sourcing, buying, and managing real estate, you may even want to keep it going when you retire.

In conclusion, real estate is a significant investment to make for retirement. So long as you apply the research and effort it takes to attain properties. You shall have a better chance of accruing real estate that will provide a lucrative return on your investment.  However, as with all investments, you must also prepare for the worst. The housing market is excellent at bouncing back from dire global situations and downturns in the economy. But, in other scenarios, the property’s value could be decreased indefinitely.  Suppose you’re still interested in investing in real estate but are unsure whether you’ll enjoy sourcing and purchasing homes. You could instead consider investing in stocks with a business that primarily focuses on real estate.

15 Reasons Why Your Forex Trading Isn’t Working

There’s no denying that Forex trading is a form of investment that promises high returns. For decades, millions of people around the world have profited from currency pair movements. These days, it’s now available to retail consumers – not just the traders on Wall Street!

You’re likely reading this article today because things don’t seem to be going according to plan with your Forex investments. You might not realize it, but there are several reasons you don’t have profitable investments in Forex. Take a look at these 15 examples:

1. You haven’t done any market research

When a business wants to launch a new product or service, they first conduct some market research. You need to do something similar with Forex trading strategies! That’s because you could be wasting money by investing in the market the wrong way.

For instance, currency pairs have differing levels of volatility. If you invest in a currency pair with low volatility, you can’t expect much in the form of price movements. So before you invest in an “emerging” or little-known currency pair, do your research first.

2. You’re using the wrong platform

Nowadays, Forex traders use online platforms to buy and sell each day. Gone are the days where you’d need to phone up a broker. As you can appreciate, there are hundreds, if not thousands of Forex trading platforms available for you to use.

If you’re wondering which platform is best for Forex trading, the answer will depend on your requirements. Some people might prefer a platform based and regulated in their home country, whereas others may want to use an offshore platform.

Some traders may prefer using a tried-and-tested software package like MetaTrader 4 instead of a browser-based solution. You need to think about your requirements and use a platform that meets or exceeds them. Check out reviews of various platforms including this etoro review.

3. You rely too much on technical analysis

There are plenty of Forex traders out there that swear by the array of weird and wonderful technical tools they use in their platforms. If you’re one of those people, you need to remember that technical analysis only shows you what happened in the past.

Despite what you might have got told, technical analysis tools cannot predict future price movements. No-one can do that! You can only use them as a guide to help you make an informed decision.

If you’ve got about Bollinger Bands, moving averages, or even Fibonacci lines overlaid on your trading screen, don’t rely on them. They can’t tell you what’s about to happen next on the market.

4. You aren’t taking note of key economic announcements

Have you ever noticed how websites that give you real-time price movement information on currency pairs have news sections? Most will even have calendars that tell you when the world’s leading governments or economic powerhouses are due to release data.

For example, in the United States, the monthly Non-Farm Payroll announcements are worth checking as they get released. That’s because they have a significant impact on currency pairs such as EUR/USD due to the nature of the economic data released by the government.

5. Your broker sucks

When you trade on the Forex market, you have to do so through a middleman known as a broker. A quick Google search will reveal a raft of brokers available for you to use. While some brokers are brilliant, others are a waste of your time and money.

The sad truth about Forex brokers is there are a few bad apples that you need to avoid. These are usually unregulated ones based in countries you’ve never heard of. And they’re the types of brokers that manipulate transactions and price movements in their favor.

When looking for a new Forex broker, be sure to do plenty of due diligence. How long have they been operating? How many clients do they have? Where are they based? And how do they get regulated? Be sure to get feedback from other Forex traders as well.

6. You’re too impatient

Forex trading isn’t the same as options trading, where you choose a price direction, expiry time, and hit a Call or Put button on your browser. Even most day traders and “scalpers” don’t make trades that end after such a short timeframe.

If you’re not a patient person, Forex trading probably isn’t for you. Forex trading suits people that want to enter and exit the market according to their specific requirements. It’s not a way to get rich quick!

For those with little time to devote to Forex trading, there are some helpful ways to invest in currency pairs. One example is by using a trading bot on software such as MetaTrader. Another is to have your platform message you when an entry price meets your requirements.

7. You don’t have an investment strategy

Why is it that you want to invest your money in Forex currency pair price movements? Do you want to be a full-time trader? Are you trading to put money aside for your retirements?

How Options Trading Works

Options are powerful financial instruments that allow but do not require the bearer to buy or sell an underlying security or asset at a predetermined price before the expiration of the contract. They can be bought or sold on the options market through retail or online brokers like most other classes of assets with investment accounts. When as an investor you purchase shares at a later time usually at a stated price but within a specific period, it is referred to as “call option” while those that allow an investor to sell at a stated price but within a specific period are “put option”.

In buying or selling options, every contract has a specific expiration date in which the trader or investor can exercise their option, but it is not mandatory to do so at this point. As a result of this, they are considered derivative securities, meaning that its price is derived from other things such as the underlying instruments and this makes them less risky than stocks when they are used correctly. Some examples of these derivatives are calls, puts, swaps, futures, forwards, and so on. You can read more on this here.

The price stated on an option is referred to as strike price and it is a percentage of an underlying asset. They are not the same as stocks as they do not mean that a person owns a part of a company. You can always walk away from a contract whenever you like.

These kinds of financial instruments can add to an investor’s portfolio protection, added income, and a form of leverage. They are used in generating recurring income and for speculations when wagering on the directions that stocks will go.


There are two major types which are the American and the European. This is not based on any geographical location but the time in which it can be exercised. The American can be exercised at any time between purchase and expiry while the European are exercised at expiration. There are also other types including Asian, Bermudian, exotic, and binary options.

How it Works

The value of an option is about speculating and determining the chances of future price events. This means that the higher the probability of something occurring, the more expensive the option that profits from the event will be. Also, the more the period before its expiry, the less the value will be since the chances of a price move reduces as the expiry draws close. Time is an important component when it comes to options. The more time available, the more the chances of a price move in an investor’s favor while the less the time, the less the chances of a favorable price move.

Asides time, another factor that affects its value is volatility. This is because the odds become greater when there is uncertainty. Large swings in prices will increase the possibilities of substantial moves and the greater the price, the greater the probability of an event occurring. This means that the greater the volatility, the more the value of the option. You can see the different reviews at http://daytrademethods.com/ to get a better understanding.

How to Trade

Trading options involves certain risks that you must be aware of as an investor. You will always see brokers give a disclaimer as a result of this stating that it is speculative and that there the risk of loss.

Due to its complex nature of this investment instrument and the amount of funds involved, before you start trading, you need to clear a few hurdles. Brokerage firms will usually screen potential investors to try to know more about them, their experiences when it comes to trading and how much they understand the risks before awarding a permission slip to begin trading. Some of the things you will need to provide include:

  • What your investment objectives are
  • Your trading experience; the length of time you have been involved in trading stocks, how knowledgeable you are when it comes to investing, how many trades per year you make and also the size of these trades.
  • Your personal information; net worth, employment, and annual income.
  • The kind of options that you desire.

Based on your responses to the above, the broker will give you a trading level which can be anything between 1 and 4. This serves as your pass to trading certain options types.

As an investor, it is your duty to choose a broker to trade with. Find one with experience, knowledge, tools, and a willingness to offer guidance and support especially if you are new to this kind of trading.

The Elements Involved in Trading Options

Taking out an option means buying a contract to sell or buying a stock which is usually 100 shares per contract at an already negotiated price and date. To do this, you need to

  • Speculate on the direction the stock will move. This will determine which of the types of options contract you get; whether a call or a put.
  • Predict the price move.
  • Determine the time frame the stock will likely move

When you have been able to determine these, you can then go ahead and either buy or sell.


Whether you are a new comer to investment or not, trading options can be very interesting and serve as a means of income or leverage for you. Ensure you do a proper research and get all the information needed before delving into it. Also, you should choose a broker or brokerage firm that is not only knowledge or experienced but also ready to offer guidance and support when you need it.

When You Weren’t Looking, Billionaires Did THIS…

By Really Graceful | Really Graceful

Editor’s Note: I don’t know about you, but it seemed odd to me that certain stores were allowed to remain open during this pandemic and others were not. The ones that could remain open tended to be large publically-traded businesses, while those asked to shutter were small to medium-sized businesses. Over the course of months, many millions of people became unemployed. This meant that, for several months, a small number of companies that were likely already financially doing well increased their profits immensely, while other businesses are now struggling to reopen and try to make ends meet by reengaging customers they lost months ago. Surely, you have heard that many companies will not reopen. One wonders if a business favoritism or bias was planned or inadvertent. The following video tackles these issues. Let us know your thoughts about this subject in our comments section.

Video Source: reallygraceful

The above video documents the earnings of prominent billionaires since March 2020, the departure of major CEOs over the last year, and asks questions about the future.

Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield, Massachusetts and New England (USA) & “virtually” the world. He can also be reached at romayasoundhealthandbeauty@gmail.

Shooting Star Candle Trading Strategy

The shooting star candle trading strategy is one of the most recognizable. It is almost impossible to miss it on the chart, and besides, such models work out perfectly – this led to the popularity of the designs on the Forex and stock markets. In this article, we’ll have a closer look at the candlestick shooting star strategy.

What Does the Candlestick Pattern Look Like?

The strategy got its poetic name due to the outward resemblance to a shooting star. In the night sky, a long tail remains behind a small body – one can watch a similar thing in financial markets:

  • The pattern consists of one candle; during identification, its position relative to the previous one is taken into account;
  • The lower shadow is practically absent or it is an order of magnitude smaller than the upper one;
  • The body is small, 3-5 times smaller than the upper shadow;
  • On the shooting star, “High” is updated on the previous candle and all the upward movement;
  • Body-color does not matter;

Steve Neeson noted that the ideal shooting star trading strategy should form with a gap upward relative to the previous candle. There are no restrictions on timeframes on which to look for this pattern. It is formed both on the daily and minute charts, but the figure from the older time interval always has more weight.

Tips on How to Trade Using a Shooting Star Strategy

The “Shooting Star” pattern, like many other figures, has its double. The figure is similar to the “Inverted Hammer”. However, incorrect identification of these figures threatens the trader with serious losses, because in this case, the “hammer” portends an increase and the “Star” drops in prices. You can trade a shooting star pattern in several ways:

  • After closing the candle. The risk is not justified – if growth continues, get a stop;
  • Using a Sell Stop. It is placed a few points below the Low of the reversal candle. If the U-turn really takes place, be sure not to miss the entry point. Since the lower shadow is small, the profit decreases slightly;
  • After closing the confirmation candle. The logic is as follows – after the pattern, you are waiting for the formation of the next candle, if it is bearish, then at its close you open a deal for sale;
  • Using a Sell ​​Limit order. Place it based on the probable upward correction for the reversal candle. Usually, Sell Limit is set at 38.2-50.0% of the shooting star.

The above methods work on Forex, and when working with stocks, indices, and on the commodity market. A “stop” is taken out for High reversal candles or for the nearest local maximum, as for profit, you’re recommended that you focus on the imbalance levels and use partial profit-taking. Even beginners will use a shooting star trading strategy without any problems. Due to its simplicity and high probability of winning, it has not lost popularity for several decades. To increase the reliability of trading, you’re recommended using patterns of this type from higher timeframes and be sure to apply a filter in the form of horizontal levels.

Why Should Latvia Be Your Next Destination for Investment?

Have you ever heard about Latvia? It is the best destination for investment or starting a new business. Latvia is a country that contains a long history of its economy that begins in 1918. Its economy has become powerful, but after facing several ups and downs.

Why Latvia? Some Insights to Know About

The country encourages investors by offering a huge variety of benefits to make Latvia the best place for business and trade. To all the investors, the Government gives remarkable cost benefits, including competitive tax rates, real estate expenses, competitive labor, and many more.

This country provides a good opportunity for the people who want to start their business and looking for the best place for new investment. You can get complete information about why and how to set up a business in Latvia. Because of the availability of all favorable resources, setting up a business is extremely beneficial.

The procedure is quite simple because the country offers you several options. For instance, you can purchase a firm that has started working for you within 24 hours. The company gets reorganized according to the needs of the clientThe entire process of registration and other formalities is highly simple. If you want to know about the reasons to invest in Latvia, then you must check some of its details.

1. Offers an Easy Approach to a Large Market

Latvia contains a unique cultural and geographical position that is an excellent factor to provide a strategic location for business operations emerging markets of Eastern neighbors as well as targeting built economies of the EU. This country is a natural gateway between Asia, the EU, and Scandinavia. Therefore, it offers a wonderful opportunity for a successful trade.

2. Skilled Labor Force

One of the most important plus points of this area is the relatively well-educated and multi-lingual labor force. The manpower is always ready to accept the new challenges and is completely striving. Countries with a better, motivated, and trained workforce are the best choices for investment in the business. Similarly, Latvia is rich in highly skilled labor and enjoys the top five positions in the world.

The Latvian manpower is available with a well-qualified background as well as the highest rates of university attendance across the globe. All these individuals are professional as well as they have vocational and technical skills. Riga Technical University is the hub of technical trainees. It offers higher education programs for the metalworking, electronics, engineering, and many more.

3. Developed-Infrastructure for Business

Latvia offers all the services and infrastructure organizations require to operate at all levels that exceed or meet European standards. There are several business developments centers in the country. Investors get special facilities with the economic zones and five free ports that offer favorable tax conditions. In Latvia, business owners get options like suppliers, services, and facilities, and all the important utilities are available here. For the medium and small business, Regional business incubators help them to hit the ground running by offering several services and provisions at a discounted cost.

4. Communication and Information Technology

Across the globe, Latvia contains one of the best and fastest telecommunication infrastructure. Latvia offers 16th fastest internet speed across the world at all locations like Germany, France, Britain, Canada, and others.

5. Logistics and Transportation

Various prime international logistics organizations like Maersk, Nagel, Kuehne, BTL, Schenker, DH, and others operate in Latvia, offering a broad range of services using Latvia’s railways, roads, and ports.

6. Free Trade

The external policy of Latvia is based on free trade principles. This is an EU country that is a member of the Schengen agreement. Therefore, it enjoys all the advantages of open and free trade in the global market. Border and custom procedures have been standardized for solid programming and coordination with business partners across the world.

7. Export Experience

Domestic organizations start to develop their exports producing an environment of ability and knowledge. It enables them to grow their business abroad and in Latvia.


So, you have learned that Latvians contain solid work ethics, and they are extremely motivated, and Latvia is a really great option for investment. Many foreign investors continue to prefer Latvia. See it: https://investlatvia.net/foreign-investments-in-latvia-continue-to-increase-rapidly/

This area is the most suitable place for investment because it offers several favorable resources for trade as well as facilities for business owners. The well-trained workforce performs with the cultural and business norms that enable the partnership with Western European countries.

How to Get Health Insurance Abroad

Health insurance. We all need it but all too often expats living abroad will not take the time to research and get proper health insurance that covers them as they live and work abroad. That is why I have put this piece together, so you don’t have to worry about being stuck without good insurance.

Let’s jump in.

Private vs. Public Health Insurance

You probably already have done your research and found that health insurance Hong Kong is pretty good. It’s cost-effective and covers what you need. However, you may also have noticed that wait times, as well as English-speaking staff, is a challenge, to say the least.

Private medical, on the other hand, offers you personalized service with English-speaking professionals and considerably shorter waits and appointments. If COVID-19 has taught us anything thus far, its that having access to developed and effective healthcare is a #1 priority.

Surgery and Rehabilitation

Another significant advantage in private healthcare is the accessibility to a variety of specialized professionals. Often basic coverage is limited when it comes to diagnostics and wait times for surgery. In fact, one study showed a 7-month wait expectancy in generalized surgery!

With private health insurance Hong Kong, you have access to convenient appointments and the personal attention you would expect from your native country. Currently, there are nearly a dozen registered private hospitals that offer general and luxurious accommodations. Highly reputed insurance firms such as Trusted Union, provide a detailed list on each of these locations as well as direct quotes for insurance policies.

Cost and Coverage

When most people here private health insurance Hong Kong, they usually thing extremely high premiums or inflated medicine and surgery costs. Surprisingly, private health insurance is not that much more than public care. More importantly, you get what you pay for with access to the treatments you need. Here are some examples of what your coverage will include, should you choose to go private:

Outpatient Care

The most popular coverage to date, outpatient care covers everything included for inpatient care, such as medicine needed while undergoing treatments in the hospital. It also covers expensive testing such as CAT scans and MRIs and other diagnostics.

For cancer patients, inpatient care also covers your treatments, reconstructive surgery, transplants of organs and tissue as well. Outpatient care covers all of this and then goes on to include specialist visits, prescriptions medications, as well as rehab and physiotherapy.

Another popular coverage is maternity health. These services cover every part of your pregnancy from prenatal appointment to delivery. In the event of emergencies, procedures like c-sections are also covered. Your child will also have coverage when born.

Take Away

Don’t put off getting proper health insurance until something happens and it’s too late. Choosing health insurance Hong Kong should be a priority. Private is a great option for efficient and excellent care done by English-speaking professionals that covers a wide range of services. To get a quote, reach out to an established practice, such as Trusted Union.

About the Author

Written by Meghan Hale, a content writer at Deepakshukla.com and editing machine. You’ll find me yelling at my dog to stop barking, whether it be at the neighbours or on a long afternoon walk.

What Happens If You Do Not Have Health Insurance?

We all are prone to fall sick, and when we do not feel well, we rush towards the hospital. If you have been to any hospital in the United States, they will ask about any health insurance unless you are there temporarily. Other than the emergency department, for your routine follow up, you will always hear the question. Most of us might not think about having health insurance, but it can cover our medical, surgical, and even dental expenses sometimes. Health insurance is usually part of the employee benefits provided by the employer. It is essential to have yourself insured under the affordable care act to have reduced medical expenses in the future.

As per a study of 2018, there were around 27.5 million people who were not availing health insurance benefits. Medical examination and costs are a bit high; only those who can afford high prices avoid getting any insurance. You must wonder why it is necessary to have health coverage, and what can happen if you do not have one? Thinking hypothetically, you have recently bought a new house and sponsored other expenses, which has put a constraint o your budget. A family member of yours falls ill, and you are uninsured. If the situation is not an emergency like a cardiac arrest or pregnancy, chances are you will either have to pay an amount exceeding your budget, and you might not even get to see a doctor. We do understand that insurance packages are not cheap, and many of us will consider letting it go.

It feels nice to see superheroes in movies saving lives of others and helping in everyone, but in reality, we need to keep a stand by life protector plan in the form of health coverage or a separate budget. If you have already made up your mind about not enrolling in any health coverage policy, let us have a look at what will happen if you do not register yourself and your family in health insurance programs.

1. On the edge of bankruptcy

If you do not have any health insurance registration, frequent visits under emergencies will leave you bankrupt, and medical debt. We all are entrapped in busy routines and junk food habits that it is almost impossible to avoid visits to hospitals. You might get a doctor’s attention in the emergency department as they are bound by federal law to assist. If you are advised to get hospitalized, then get ready to pay for your medical charges, room fare, and other services. For once or twice, you might survive these financial burdens without any insurance, but if it continues, you might need to work 24 hours to equalize the finances.

2. Unemployment/ retirement

Although your employer might be covering for your medical expenses by shouldering the total costs or half of it, have you ever thought, what will happen if you lose your job or get retired,  and you fall sick? You might answer, you have the savings to survive. Your savings will help you to sustain your basic daily needs. A single visit to the hospital without health insurance might wipe out your savings in a few hours. At this stage, you might wish if you were an insured citizen.

3. High expenses in other places

Are you one of those people who have to travel extensively for their work? When we are moving to different places, the food we eat can affect our immune system, and we might get sick. Every city and state has different medical billing protocols; having health insurance may give you the edge of being treated for common diseases at affordable charges.

4. No preventive care or early intervention

When you do not have registered health insurance, you avoid unnecessary visits to the hospital for minor issues, to save money. These small issues, if not treated and diagnosed early, can even lead to severe and chronic diseases. In such scenarios, you are more likely to pay the bills on your own instead of insurance companies coming to your financial rescue.

5. High costs

Having no health insurance at hand may let you pay an extremely high cost, be it a bone fracture, maternity, or any surgery. If you manage to bear the expenses of your treatment, you still will not be able to afford your medicines.


A health policy can be beneficial in crucial times, such as major surgery, a life or death situation. The Affordable care act ensures every person to have at least minimal coverage. Health policies are not cheap either, but if you avail one, it will help you save much of your expenses that will be lost if you are uninsured. We all think about the pros and cons. If something terrible happens, unless you are too costly to afford high medical expenses, you can survive without any insurance. Any state or country ensures that every citizen gets full exposure to fundamental human rights. Health is one of them, and that is why health insurance policies are there to facilitate people.

How Do Forex Robots Work?

If you are an aspiring Forex trader, you are probably looking to learn as much about the practice as possible. After understanding the basics of how the foreign exchange market works, you will have to look into different trading styles, strategies, and technologies. When talking about strategies, it’s important to know that while you can trade using manual techniques, you can also employ automated techniques such as Forex trading robots in order to make a profit. Not sure what these are? Read on if you’re thinking about getting into trading.

What are Forex trading robots?

Computer programs that analyze the market using various algorithms are called Forex trading robots. They can connect to the trading platform you are working on and automatically open, manage, and close your trades. You simply have to install the software as an add-on to your trading platform and that is it.

Seeing how Forex robots follow the market non-stop, they are constantly doing calculations that allow them to find trading opportunities. If the calculation shows that the time is right to sell or buy a currency pair, the robot will instruct the trading platform to open the trade and close it once the setup is no longer valid, which should ideally lead to a profit.

We’ve mentioned that Forex trading robots rely on algorithms when looking for trade setups. Some of the technical indicators that are used for this include oscillators, moving averages and trend-following indicators. While there are many strategies the robots can use, their performance can only be as good as the strategy they were given. Moreover, robots are limited by mechanical trading rules seeing as how these work only in certain conditions.

How to check its performance?

There are many metrics that need to be considered when evaluating a Forex trading robot, such as profitability, winning ratio, profit ratio, and maximum drawdown. As a beginner in this field, you surely do not want to try out these robots one by one until you find the one that suits you. Luckily for you, there are experts in this field that have tested these bots and you can easily check the reviews, limitations, and results before you make your pick. Seeing as how there are many automated Forex trading robots online, finding the best one for your account type should not be difficult with some research.

How are Forex trading robots used?

Knowing how to use a Forex trading robot is essential in order to make the most of it. It is important to understand how the robot makes its decisions to know when to use it. Because it is programmed to perform certain actions when certain conditions are met, it might make some bad trades. Therefore, the robot shouldn’t be used during important macro-releases and any market disruptions. Furthermore, if the market is ranging, a trend-following robot should be avoided, and vice versa. By knowing when your robot has the best results, you will know when the right time to employ it is. It is also possible to use several robots that rely on different strategies and cover various outcomes.

What are the advantages of Forex trading robots?

The biggest advantage that Forex trading robots provide you with is their ability to do all the heavy lifting for you. All you have to do is run it and it will open, manage and close trades for you. If the strategies it is using are good, you can sit back and enjoy watching your account grow. Plus, this automation prevents emotional trading and making impulsive decisions. Just let the robot do its thing and you will have more time for other obligations.

Are there disadvantages of Forex trading robots?

Unfortunately, as is the case with most things, there are some downsides to using a Forex robot. The main problem that might occur with this type of trading is the fact that the robot will open a trade every time the algorithm says so. In some cases, you wouldn’t opt for a certain trade due to common sense, but the robot will simply follow its orders and open the trade anyways. Plus, mechanical trading doesn’t work all the time. Sometimes, there are unexpected events that lead to market disruptions which can result in the robot being unprofitable. Hand-picked trades can most likely beat a robot’s performance in these situations.

In conclusion, Forex trading robots might not be the most reliable of tools when it comes to trading; however, that does not mean that you cannot use them when the market is steady. They are easy to add to your trading platform and can do wonders for your trades if you do proper research before you start using them.

Why It’s Important To Take Out Life Insurance

Personal investments are important to work on while you’re still young, and one of the most important pillars of individual financing is life insurance. While life insurance is deemed vital for every individual, most people don’t put it into their priorities due to a great deal of confusion and skepticism brought about by its complexity.

To understand life insurance better, you should know why it’s important to your life. Along with this, you’ll be able to choose an insurance provider and compare life insurance companies where you can obtain the best terms.

What Is a Life Insurance Policy?

An insurer and policyholder agrees to a contract, which is a life insurance policy, guaranteeing payment to identified beneficiaries upon the death of the insured individual. The main purpose of having life insurance is to offer financial protection and stability to living dependents, which are the main beneficiaries of a deceased person.

In a life insurance contract, four participants drive the entire negotiation: the insurer, insured, owner, and beneficiary (or beneficiaries). Here is a breakdown of the important roles of each participant:

  • Insurer: The insurer is the insurance company, which is responsible to pay out the financial claims in the event of a death. They’re the policymakers of the agreement that must be followed by all parties.
  • Insured: Also called the policyholder, is the individual whose life policy is based. Once this person passes away, the insurer should carry out their agreed financial claims.
  • Owner: The owner of a life insurance is the person responsible for all payments and financial decisions covering the entire contract. Take note that you can be the owner and insured at the same time, or someone else can be paying for your insurance, or you’re paying for someone else’s.
  • Beneficiary: Once the insurer starts paying out the financial amounts, the primary beneficiary will receive these financial benefits. In cases where the primary beneficiary couldn’t receive the claims, then the contingent beneficiaries chosen by the insured will acquire them.

Once you’ve signed up for life insurance, you’ll be asked to choose which variety to apply on your contract. You should be well aware that there are two broad categories of life insurance contracts – which are term and permanent insurance.

  • Term life insurance basically covers a specific, pre-agreed period of time. They can be agreed for 1, 10, 15, 20, 25, 30 years, or even subjected for flexibility. This variety of insurance promotes affordability, beneficial for people tight on a budget. It also has a lower monthly premium than the permanent insurance.
  • On the other hand, permanent life insurance lasts for an entire lifetime. People who want to maximize their money’s value with lifelong protection are perfect for this type of insurance. You can accumulate a cash value in permanent insurance and use these funds during emergency situations.

The discussion above merely covers the life insurance fundamentals and there’s still a lot of what you need to know about life insurance. To understand the core of life insurances, you should know how important it is for you, because of the following reasons:

1. Protect Your Loved Ones

One of the top reasons why people consider taking out life insurance is to protect their family and loved ones once an unanticipated death happens. Life insurance is actually a must if someone relies on you financially, such as breadwinners, parents, partners, employees, business partners, and many more. Having life insurance and leaving your beneficiaries enough finances to manage once you’re gone will protect them from more financial burdens.

It’s entirely true that once you die, your income and financial opportunities will also die with you. While you’re not merely an income source of your family, having a stable one will help you and your family sustain a particular lifestyle and start building your lives for the future. Through taking out life insurance, you’re also guaranteeing them that they can still continue their lives without being dependent on you.

2. Work Insurance Won’t Do Much

No matter what your career and work position is, always consider personal life insurance as insurance from work wouldn’t be enough. Most companies and employers offer access to life insurance through work, and it’s something to thank for since you’ll gain benefits for free. However, if individual/s rely on you financially, think twice about being content with your work insurance.

First, work insurance isn’t customizable. They’re created as group insurance but its financial coverage is too small with someone with a family to support.

Along with contract customization, you can’t add riders to your insurance. Riders involve those additional terms and conditions that will come in handy during specific life situations. Since most work insurance is based on term insurances, that means it’ll come to an expiration date eventually.

Lastly, you can’t take the insurance with you once you leave your job. Your company has offered it, after all. However, some companies might allow you to convert your work insurance into an individual one, but that’s a lot of money on the line.

3. Pay Off Financial Burdens

While life insurance safeguards you from any financial uncertainties in the future, what if you’ve already committed these uncertainties you’re talking about? You don’t have to worry because life insurance still got you covered. Even though using life insurance to pay off financial burdens is entirely optional, it’s still a great safety option.

Using your cash value to pay off debts is a few steps away. You should simply contact your insurance agent or company about this decision and they will allow you to make a policy loan request for application.

You can skip those complex application processes like taking out a loan, which involves application fees, documents, and credit checks. Although they will only let you borrow a valuable portion of your cash value in the insurance policy, it’s still significant for paying off your financial burdens.

4. Saves a Business From Financial Struggles

What makes life insurance unique and reliable is they’re not simply for individuals with families and other relatives to support, but they’re important for businesses as well. Life insurance saves a business from financial struggles and opens up a new doorway of financial opportunity to expand, in many ways.

A specific venture can take out a life insurance policy called a key person life insurance. This type of insurance can save a business after a tragic loss of a key individual building the business. Also, this guarantees the survival of a business upon extreme financial loss.

For instance, the whole tech industry was shocked by the death of Steve Jobs, chairman, and CEO of Apple Computer in 2011. This resulted in the company losing about 5% of its shares.

To save the business, Apple paid a significantly large amount of $2520 for life insurance and another whopping amount of almost $700,000 for security expenses for protecting the new CEO Tim Cook.

While this may be a large sum for the company, taking out life insurance was a great financial move for them, and everyone can witness how Apple is still prominent in the industry today.

Aside from saving the reputation and brand image of a company, life insurances replace a company’s lost profits during the death of a keyman. A company can lose money immediately since the key individual wouldn’t be able to do their roles. The quickest move that a company can do is to ensure their properties, resources, equipment, but their employees are not their priority. They’ll run into more expenses aside from losing profits so they need to act immediately for lost money.

5. Get The Best Value of Your Money

Life insurance is definitely a smart investment to get the most out of your money and efforts. Contrary to the conventional purpose of life insurance, you can grow your money by building up the cash value in your account. However, cash value accumulations are only allowed in the permanent type of life insurance. You might want to take note of that.

Once you’ve accumulated a fair amount in your life insurance and you don’t intend to use these yourself, you can actually choose a larger death benefit for your beneficiaries. The insurance company will tend to accept this offer since they don’t want to lose you.

Another method to get the best value from your insurance is to pay the life insurance premiums. If you’ve collected enough cash value, tap it to cover your life insurance premium payments. In this way, you can save more than $2000 for premiums annually.

There is also an option to convert the life insurance policy into a loan, which has lower interest rates than traditional bank loans. You’re not required to pay the loan immediately or on a regular basis since it’s your own money.

For the last strategy, your life insurance policy can assist you if you’re currently low on funds and has to make a huge emergency purchase. However, of course, your cash value will be deducted or totally wiped out. Also, some insurance companies might subtract more than what you’ve borrowed, so make sure to discuss it first with your insurance agent or company before withdrawing immediately.

6. Acquire Tax Benefits

Paying taxes can be a real pain in the pocket. Still, you can practice tax-paying while minimizing the amount you put up in the line through life insurance policies. An efficient tax plan should lessen your taxes while you’re alive, as well as reduce taxes paid by your family after you die. Thankfully, permanent life insurance hits two birds with one stone.

After your death, your beneficiaries won’t have to pay income tax from every dollar you leave them. With life insurance, it’s a hundred percent guarantee that your beneficiaries will receive the money tax-free.

If you ever encounter an instance where you’ll transfer the life insurance policy to another insured person, you don’t need to pay taxes to transfer this death benefit. It’s both an investment and a lot of savings in the long run.

If you’d like to learn more strategies to maximize your tax benefits, make sure to prepare your tax planning early to cut your tax bill with permanent life insurance.

7. Assist Your Retirement Plan

Even though you’re decades away from retirement, having a retirement plan ready is extremely crucial for your future. Your personal retirement plans will greatly dictate how satisfied you’ll be with your retirement lifestyle soon. Taking out life insurance is an important contributor to your retirement plans, but in what ways?

  • Access to tangible cash. You can still receive retirement income even during your retirement years with the help of a life insurance policy. To access this, you’ll have to pay premiums during your working years and upgrade your policy into a retirement income source, along with your other assets.
  • Protection from health conditions. People don’t get any healthier as they age. Many life insurance companies allow their insurers to receive the death benefits of the policy even before death. In case you’re chronically ill during your retirement, you can already receive these death benefits to pay for your medical bills and expenses.
  • Allow support for widow or widower. A widow or widower can avoid difficult financial situations once they’re spouse unexpectedly passes away, if one of them has life insurance. In case your spouse passes away, you can use his/her death benefits to pay for funeral costs, mortgage debts, or any financial burdens. In this way, you can enjoy your retirement better, knowing that you’re financially safe.

8. Obtain Peace of Mind and Financial Security

Last and most importantly, taking out life insurance can give you the peace of mind of being financially secure and stable. Who doesn’t want that?

Aside from your individual peace of mind, receiving your benefits from life insurance centers on your family’s financial security. During financially tough times, at least you know that you can still get money somewhere, without making hasty financial decisions and being taken advantage of.

While you’re just starting to earn your first paychecks, consider signing up for life insurance immediately. Though the insurance payments add up to your monthly bills, you’re confident that this will yield something great for your future.

Bottom Line

If you think that life insurance is simply a financial burden, think again. While you’re committing to the financial risks of taking out life insurance, not only for yourself, these risks will be worth it in the future. With all the reasons mentioned above, life insurance isn’t something to question and be skeptical about. All you need is a proper understanding of what life insurance is all about, choose the right terms and conditions according to your needs and lifestyle, start your insurance payments, and finally receive the benefits of having one.

The Battle Between Regulated and Non-Regulated Online Brokers Post-ESMA and MIFID2

Image: Pixabay

The legislative framework of the Markets in Financial Instruments Directive II (MIFID2) has been applicable for online forex brokers since January 2018. The new measures were designed to improve financial protections for retail investors, whilst ensuring that the financial markets themselves improve their general transparency and efficiency.

The concept of MIFID and MIFID2 was ushered in by the European Securities and Markets Authority (ESMA), the supervisory authority of financial markets and their participants within the European Union (EU). Since its foundation in 2001, ESMA has sought to provide a level playing field of equal opportunities for both retail investors and issuers within the EU.

But despite the growing supervision of online brokerages offering all manner of stocks, contracts for difference (CFDs) and binary options, there are still many unregulated online brokers in operation. Why would retail traders risk their hard-earned investment funds with an unregulated broker that has no legal responsibilities with their money? The harsh reality is that many retail traders are oblivious to the fact their chosen broker is unregulated.

What are the dangers of using an unregulated forex broker?

The moment you deposit your funds with an unregulated forex broker, you are on a slippery slope. That’s because unregulated operators do not protect their clients when things go wrong. In the event of fraud or mistreatment, regulated forex brokers are subjected to stringent compliance requirements, in terms of how a client’s assets are handled and stored. Should an unregulated forex broker go out of business, there is no guarantee that your funds are safe or likely to return to you. Unregulated brokers also have the potential to adopt unethical business practices, simply because they have free reign to operate however they like, without oversight.

The very nature of regulations in forex brokerages is centred around quality control. Regulated brokers are happy for their business and finances to be subject to periodic scrutiny and auditing, providing peace of mind to their clients and jurisdictions that act as watchdogs for the financial markets.

The jurisdictions to look out for when selecting a forex broker

Image: Pixabay

Before dipping your toes into the water of financial trading, it’s important to select a broker that is regulated by the necessary jurisdictions. We’ve already touched upon the MIFID2 and ESMA, which is the important regulatory regime for all retail traders based in the EU, but it’s also worth mentioning the ASIC, which is the corporate, markets and financial services regulator for Australian forex brokers.

Looking further afield, reputable international forex brokers will also look to achieve licensing from the likes of the British Virgin Islands Financial Services Commission. In Japan, active forex brokers can be regulated and licensed by either the Financial Services Agency or the Financial Futures Association of Japan. South African brokers should seek regulation from the South African Financial Sector Conduct Authority.

Without these jurisdictions, the financial markets would be a much more dangerous and volatile environment for retail traders. These watchdogs are designed to foster stable trading conditions and enforce the highest possible standards of client service from brokerages up and down the land.

Forex Social Trading – Isn’t It One Of The Most Interesting Concepts Of Forex Trading?

Irrespective of whether you’re a seasoned forex trader with more than several years of experience under your belt or a novice trader looking forward to earn more, social trading can always help you. Social trading has been here for a while and it can open up best trading opportunities for everyone. Through the social platforms, along with the help of the forex brokers, traders can imitate the trading habits of experienced investors who share their information on trading with the rookie traders.

Retail forex traders are allowed to watch the financial habits of professional traders and make similar trades from their personal social trading app or platform. With the proliferation of social platforms like Zulutrade, eToto and Ayondo, experienced traders can also reap several benefits.

Forex social trading – How the process works

Now that you’re introduced to the fact that social trading opens up a world of opportunities for all kinds of traders regardless their experience in the industry, you must be thinking of how to start off with it. Here’s how you could social trade the foreign exchange market.

Firstly, you would require choosing one of the best platforms for social trading that lets you copy trade. In fact, the main characteristic of a trustworthy social trading platform is having forums for sharing ideas of trading, strategies and their historical performance. As soon as you locate your experienced trader who can boast of a positive track performance, you may begin to immitate his trading operations.

Secondly, you have to devise the most lucrative strategy for trading the forex market from any of your leading traders and incorporate the same into your investment portfolio. It is then that that the trading platform will supervise all the activities of trading that you’ve chosen to immitate. All these will be done real-time. The forex trades done by the experienced investors will be included in your brokerage account automatically.

Thirdly, based on the risk level you can tolerate, you may choose to copy trades via a definite pre-set amount irrespective of the size of position opened in the copied account. On the other hand, you may even open trades sizeably to your brokerage account. You will be able to balance the same level of risk as it was with the copied account.

Comparing and contrasting brokers in forex social trading

Every social trade broker will have their own USPs to sell but you have to compare and contrast them in order to settle with the best. Here is a quick guide on the things to watch out for:

  • Costs of trading

Fees & spreads: Fees is undoubtedly one of the most vital factors to check while choosing a broker. Usually it’s free to open an account but later on brokers charge fees for other services.

Minimum deposit: What is the minimum amount that you have to deposit in order to start trading? Brokers that cater to the rookie traders don’t make huge demands but there are others as well. Check that before deciding.

Withdrawal & deposit: The way in which money is both credited and debited from your account is one more vital thing to check. Do they use an old-school bank wire which has increased security or do they use modern services like Skrill, Paypal or Neteller?

  • Forex social trading platform

User-friendliness: Brokers tend to use a platform that is designed for them but you have to choose an interface that is user-friendly for you as a trader.

Performance: If you’ve settled with a platform that you’re satisfied with, look under the bonnet. Check whether it works the way you want it to.

Configurability: The platform that you choose should be free of clutter, clear and should have a logical layout. Buttons should be in a sensible place.

Speed: How fast can you trade as compared to other platforms? Don’t go for a good-looking interface that is not speedy enough.

Security: Does the social trading platform guarantee you that you’ll never be a victim of identity fraud? Do your homework.

In a nutshell, forex social trading can always be one of the best ways of generating passive income. Nevertheless, ensure that you recognize the risks involved in trading as it your hard-earned money.

The Looming Financial Nightmare: So Much for Living the American Dream

By John W. Whitehead | The Rutherford Institute

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat, French economist

Let’s talk numbers, shall we?

The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion and growing.

The amount this country owes is now greater than its gross national product (all the products and services produced in one year by labor and property supplied by the citizens). We’re paying more than $270 billion just in interest on that public debt annually. And the top two foreign countries who “own” our debt are China and Japan.

The national deficit (the difference between what the government spends and the revenue it takes in) is projected to surpass $1 trillion every year for the next 10 years.

The United States spends more on foreign aid than any other nation ($50 billion in 2017 alone). More than 150 countries around the world receive U.S. taxpayer-funded assistance, with most of the funds going to the Middle East, Africa and Asia.

Meanwhile, almost 60% of Americans are so financially strapped that they don’t have even $500 in savings and nothing whatsoever put away for retirement, and yet they are being forced to pay for government programs that do little to enhance or advance their lives.

Folks, if you haven’t figured it out yet, we’re not living the American dream.

We’re living a financial nightmare.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will pay for it.

As a financial analyst, Kristin Tate explains, “When the government has its debt bill come due, all of us will be on the hook.” It’s happened before: during the European debt crisis, Cypress seized private funds from its citizens’ bank accounts to cover its debts, with those who had been careful to save their pennies forced to relinquish between 40% to 60% of their assets.

Could it happen here? Could the government actually seize private funds for its own gain?

Look around you. It’s already happening.

In the eyes of the government, “we the people, the voters, the consumers, and the taxpayers” are little more than pocketbooks waiting to be picked.

Consider: The government can seize your home and your car (which you’ve bought and paid for) over nonpayment of taxes. Government agents can freeze and seize your bank accounts and other valuables if they merely “suspect” wrongdoing. And the IRS insists on getting the first cut of your salary to pay for government programs over which you have no say.

We have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose, anyhow.

We have no real say, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars that do more to fund the military-industrial complex than protect us, pork-barrel projects that produce little to nothing, and a police state that serves only to imprison us within its walls.

If you have no choice, no voice, and no real options when it comes to the government’s claims on your property and your money, you’re not free.

It wasn’t always this way, of course.

Early Americans went to war over the inalienable rights described by philosopher John Locke as the natural rights of life, liberty and property.

It didn’t take long, however—a hundred years, in fact—before the American government was laying claim to the citizenry’s property by levying taxes to pay for the Civil War. As the New York Times reports, “Widespread resistance led to its repeal in 1872.”

Determined to claim some of the citizenry’s wealth for its own uses, the government reinstituted the income tax in 1894. Charles Pollock challenged the tax as unconstitutional, and the U.S. Supreme Court ruled in his favor. Pollock’s victory was relatively short-lived. Members of Congress—united in their determination to tax the American people’s income—worked together to adopt a constitutional amendment to overrule the Pollock decision.

On the eve of World War I, in 1913, Congress instituted a permanent income tax by way of the 16th Amendment to the Constitution and the Revenue Act of 1913. Under the Revenue Act, individuals with income exceeding $3,000 could be taxed starting at 1% up to 7% for incomes exceeding $500,000.

It’s all gone downhill from there.

Unsurprisingly, the government has used its tax powers to advance its own imperialistic agendas and the courts have repeatedly upheld the government’s power to penalize or jail those who refused to pay their taxes.

Irwin A. Schiff was one of the nation’s most vocal tax protesters. He spent a good portion of his life arguing that the income tax was unconstitutional, and he put his wallet where his conscience was: Schiff stopped paying federal taxes in 1974.

Schiff paid the price for his resistance, too: he served three separate prison terms (more than 10 years in all) over his refusal to pay taxes. He died at the age of 87 serving a 14-year prison term. As constitutional activist Robert L. Schulz noted in Schiff’s obituary, “In a society where there is so much fear of government, and in particular of the I.R.S., [Schiff] was probably the most influential educator regarding the illegal and unconstitutional operation and enforcement of the Internal Revenue Code. It’s very hard to speak to power, but he did, and he paid a very heavy price.”

It’s still hard to speak to power, and those who do are still paying a very heavy price.

All the while the government continues to do whatever it likes—levy taxes, rack up debt, spend outrageously and irresponsibly—with little thought for the plight of its citizens.

To top it all off, all of those wars the U.S. is so eager to fight abroad are being waged with borrowed funds. As The Atlantic reports, “For 15 years now, the United States has been putting these wars on a credit card… U.S. leaders are essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”

If Americans managed their personal finances the way the government mismanages the nation’s finances, we’d all be in debtors’ prison by now.

Still, the government remains unrepentant, unfazed and undeterred in its money grabs.

While we’re struggling to get by, and making tough decisions about how to spend what little money actually makes it into our pockets after the federal, state and local governments take their share (this doesn’t include the stealth taxes imposed through tolls, fines, and other fiscal penalties), the police state is spending our hard-earned tax dollars to further entrench its powers and entrap its citizens.

For instance, American taxpayers have been forced to shell out more than $5.6 trillion since 9/11 for the military-industrial complex’s costly, endless so-called “war on terrorism.”

That translates to roughly $23,000 per taxpayer to wage wars abroad, occupy foreign countries, provide financial aid to foreign allies, and fill the pockets of defense contractors and grease the hands of corrupt foreign dignitaries.

Mind you, that staggering $6 trillion is only a portion of what the Pentagon spends on America’s military empire.

That price tag keeps growing, too.

In this way, the military-industrial complex will get even richer, and the American taxpayer will be forced to shell out even more funds for programs that do little to enhance our lives, ensure our happiness and well-being, or secure our freedoms.

As Dwight D. Eisenhower warned in a 1953 speech:

Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. […] Is there no other way the world may live?

This is still no way of life.

Yet it’s not just the government’s endless wars that are bleeding us dry.

We’re also being forced to shell out money for surveillance systems to track our movements, money to further militarize our already militarized police, money to allow the government to raid our homes and bank accounts, money to fund schools where our kids learn nothing about freedom and everything about how to comply, and on and on.

Are you getting the picture yet?

The government isn’t taking our money to make our lives better. Just take a look at the nation’s failing infrastructure, and you’ll see how little is being spent on programs that advance the common good.

We’re being robbed blind so the governmental elite can get richer.

This is nothing less than financial tyranny.

“We the people” have become the new, permanent underclass in America.

It’s tempting to say that there’s little we can do about it, except that’s not quite accurate.

There are a few things we can do (demand transparency, reject cronyism and graft, insist on fair pricing and honest accounting methods, call a halt to incentive-driven government programs that prioritize profits over people), but it will require that “we the people” stop playing politics and stand united against the politicians and corporate interests who have turned our government and economy into a pay-to-play exercise in fascism.

We’ve become so invested in identity politics that label us based on our political leanings that we’ve lost sight of the one label that unites us: we’re all Americans.

The powers-that-be want to pit us against one another. They want us to adopt an “us versus them” mindset that keeps us powerless and divided.

Trust me, the only “us versus them” that matters anymore is “we the people” against the police state.

We’re all in the same boat, folks, and there’s only one real-life preserver: that’s the Constitution and the Bill of Rights.

The Constitution starts with those three powerful words: “We the people.”

The message is this: there is power in our numbers.

That remains our greatest strength in the face of a governmental elite that continues to ride roughshod over the populace. It remains our greatest defense against a government that has claimed for itself unlimited power over the purse (taxpayer funds) and the sword (military might).

This holds true whether you’re talking about health care, war spending, or the American police state.

While we’re on the subject, do me a favor and don’t let yourself be fooled into believing that the next crop of political saviors will be any different from their predecessors. They all talk big when they’re running for office, and when they get elected, they spend big at our expense.

As I make clear in my book Battlefield America: The War on the American People, this is how the middle classes, who fuel the nation’s economy and fund the government’s programs, get screwed repeatedly.

George Harrison, who would have been 77 this year, summed up this outrageous state of affairs in his song Taxman:

If you drive a car, I’ll tax the street,

If you try to sit, I’ll tax your seat.

If you get too cold I’ll tax the heat,

If you take a walk, I’ll tax your feet.

Don’t ask me what I want it for

If you don’t want to pay some more

‘Cause I’m the taxman, yeah, I’m the taxman.

Now my advice for those who die

Declare the pennies on your eyes

‘Cause I’m the taxman, yeah, I’m the taxman

And you’re working for no one but me.

WC: 2110


Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. His new book Battlefield America: The War on the American People is available at www.amazon.com. Whitehead can be contacted at johnw@rutherford.org.

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John W. Whitehead’s weekly commentaries are available for publication to newspapers and web publications at no charge. Please contact staff@rutherford.org to obtain reprint permission.

Trading With Demo Accounts

There are different types of trading accounts provided by Forex brokers to their clients. One of the most important types is a demo account. A demo account is an account that a trader uses to trade in the market in real time without the risk of loss.

It is an account funded with virtual money that expert traders use to simulate actual trades while newbie traders use it to learn how to trade. It is an important feature of the forex trading world. Often, it is free to open and is offered by numerous forex brokers.

Contract for difference (CFD) trading, is a strategy employed by forex traders to profit from an asset that they do not own. It is a contract entered into between the Forex broker and trader based on the current value and expected future value of the asset. The trader invests a portion of the current value, once the asset hits its predicted future value, the broker pays the trader the value of the difference.

An overview of CFD Demo accounts

A CFD demo account is trading account that brokerage firms offer through their CFD agents for their clients. Benefits of a demo account for CFD trading are many but are restricted to beginners who want to practice before investing. A free CFD demo account resembles a free Forex demo account entirely.

There is no scripted definition as to what the perfect CFD demo account is, but in order to acquire a very good one there are principles in place. They include:

It should be free

A CFD demo account has to be free otherwise it does not make sense at all. It ruins the purpose of it being a demo account if when you open the account brokers will require you to make an initial deposit.

Unlimited in functionality

A CFD demo account should be unlimited in its functionality. Most of the leading brokers avail virtual funds of between USD 10000 and USD 50000.

This is not a bad figure in itself but considering the recommended time to work with a demo account is three months to a year, I believe brokers can do better and fill the virtual bankroll up when it is needed considering that it is a trial run. This is crucial so that clients fail and learn at this stage but are proficient when dealing with real money.

No restrictions

One of the most important arguments as to why CFD demo account are offered by brokers is to give clients an opportunity to trial run their investment platforms and build their knowledge on all matters stock contract for difference (CFD) trading.

This is key for brokerage firms that have formed their own trading platforms. It is for this reason that I think that CFD demo accounts should have no restrictions, as far as is possible. Also, users should get complete accessibility of the platform itself and its tools as well.

Advantages of CFD demo account

Preserve trading capital

CFD demo account allows you to safeguard trading capital as you understand all the crucial aspects of trading. If an individual loses a huge sum of money in the money market it takes a while to recover and this takes a toll even on the best minds in the business and demo accounts prevent this.

Another crucial benefit of a CFD demo account is that you are holding onto your money for a longer time which is a requirement for achieving long-term profitability.

Creating a trading strategy

CFD demo account allows for creation of a viable trading strategy whose weakness and strong points can be put to trial. Demo accounts provide a place for an investor to familiarize themselves with market dynamics a quality that cannot be achieved by reading books.

The major drawback of a CFD demo account is trading with virtual finances which negates the emotion of losing or gaining money in the market.


To sum it all up, it is key to note that most but not all brokers avail their clients with a demo account. As such, before getting into business with a broker ask if they provide a demo trading account.

Key Rules To Use The Stop Loss Like A Pro Trader

If you are new in the market, you will hear about the importance of a stop-loss order in the Forex market. At first, you need to learn what is stop-loss and how does it work? You won’t be able to trade profitably if you don’t know the proper use of the stop-loss order. Setting up the stop loss at the right place is more like an art. You must have precise knowledge about the key support and resistance level. Unless you learn to draw the key support and resistance level in the higher period, it will be tough to place the stops in a very organized way.

There are mainly two types of stop-loss orders, one is the automatic stop and the last one is the mental stop. You can use any of the systems but pro traders mainly use the automatic stop as in the mental stop you need to check again and again to set the order. But in the automatic stop, you don’t need to recheck your order.

Don’t move your stop with emotion

In your trade you should not set the stop-loss order with emotions, this is one of the biggest mistakes the new traders do. New traders often set their stop-loss at a higher point to make more profits but instead, they lose their money in a higher percent. Setting the stop-loss order without emotion is one of the key steps to make profits, don’t ever be panic while setting your stop-loss order.

Moving your stop is more like killing the risk to reward ratio. In fact, you are creating a big hole for yourself. Stick to your stop loss so that you don’t have to take a bigger loss than anticipated. Though moving the stop loss might work for some instances, it is still one of the key reasons for blowing up the account.

You need to trail your stop

New traders should be careful while using the trailing as it requires enough knowledge to set the order to make profits. Placing trailing stop means moving towards a winning trade, this will lock your profits and it will also manage your risk. Trailing can be profitable if you can set it accurately, pro traders use the trailing stop in their trade to make profits at a higher rate and stops are also uses to protect one’s capital. The trailing stop will only move to the direction of the price is favorable.

You can also use the auto chartist tool to find your desired stop levels of each trade. Though it’s a bit more advanced tool, still it can save you from many losing trades.

Never widen your stop

This is one of the dangerous steps the new traders do and later they regret, you will only increase your risk if you widen your stop and soon you will lose your amount. It’s better to make money gradually, don’t widen your stop out of greed. Many traders even don’t understand why it’s not a good idea to widen your stop because widen your stop means that there will be no stop at all and by this, the number of risks increases and you lose your money. Pro traders always suggest not to widen your trade, if you can maintain your trade without widening your stop, you will observe effective profits in your trade.


If you want to trade profitably, you need to follow your stop-loss order very wisely. A good stop-loss order can lead you to the winning moment and on the other hand, if you set the stop-loss order without giving it a proper thought, you will soon end up losing your money. As a trader, you should never widen your stop as this increases the risk factor unnecessarily and no one would want to trade for losing. Before you place any stop-loss make sure you have the idea about their outcome.