Will you assist me for $30 per hour?


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As a social media assistant your job will basically be to help businesses do the simple day to day tasks for managing their social media accounts like replying to comments, making posts, uploading videos and photos etc. 

You can work from your couch, your bed, the beach or a coffee shop. It’s up to you. 

Get started now and start earning $30 an hour as a social media assistant. 

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Regards

Henk

Forex trading, also known as foreign exchange trading

 

Forex trading, also known as foreign exchange trading,

Forex Trading explain the EURCHF Chart - YouTube

is the process of buying and selling different currencies. The aim is to make a profit by buying a currency at a lower price and selling it at a higher price, or by selling a currency at a higher price and buying it back at a lower price.

Forex trading takes place in the global currency market, which operates 24 hours a day, 5 days a week. The currency market is the largest financial market in the world, with trillions of dollars traded every day.

To start forex trading, you need to open a trading account with a broker. You can then place trades by selecting the currency pairs you want to trade and choosing whether to buy or sell. You can also use tools like technical analysis and fundamental analysis to help you make trading decisions.

It's important to remember that forex trading involves risk, and you should only trade with money you can afford to lose. It's also important to have a solid understanding of the market and trading strategies before getting started. With that said, forex trading can be a great way to potentially earn money from home and take advantage of global economic trends.

 

HJ here

Speak soon

A new, unique take on FIRE

👋 Hey there! FYI, this post is part of our First Principles series.

About the series…

When most people talk about money management, they discuss tactics. Occasionally, you’ll encounter someone who elevates the discussion to strategy, rather than simply scattershot tactics.

But what’s missing from both conversations — both tactics and strategy — is a wider-lens look at how to become a better thinker; how to become a crisp, clear decision-maker.

How to think from first principles. How to better your brain. How to cultivate the wisdom to know the next move.

This series is an attempt to bring first principles thinking into the conversation around money. Welcome to the inaugural post.


Rethinking the FIRE Construct

I’ve been thinking about FIRE in new terms:

Financial psychology

Investing

Real estate

Entrepreneurship

Together, these four concepts encompass everything we need for mastery over our financial life. And the letters are ordered perfectly: start with mindset and master the basics, then shift focus to “the IRE of FIRE” — high-growth activities such as making investments, buying real estate, and starting a side hustle or business.

So I’m trying something new.

With every post in this First Principles series, I’ll share insights into these four domains, with the goal being to fill each post with original and unusual insights.

My commitment to you is to write a series with nuance. Too much personal finance content lives in an echo chamber, rehashing the same tired lines and prescriptive, one-size-fits-all advice. You won’t find that here. This series is built to make you smarter. Together, we’ll uncover mental models, examine frameworks, rethink perspectives, peer at our cognitive biases and emotional triggers, and engage in the deep work of thinking about how to think.

This is a series about how to think from first principles, how to be a better, smarter, wiser decision-maker, told through the lens of money.

Let’s begin — and in today’s introductory post, we’ll kickoff with a deeper look at each of these four concepts.


Financial Psychology

If you say “personal finance 101,” most people immediately think of tactics: building automations, setting up cash reserves, hiding money from yourself. They think of bulk cooking, buying used cars, and the low-hanging-fruit of frugality.

Those tactics are great. But starting there is a mistake.

Bigger, more sustained improvements come from understanding why we spend, why we behave irrationally with money, why there’s a behavior gap between what we pledge and what we do.

The key to finding your financial footing is understanding the psychology of money.

Want to stop spending so much on the weekends? Start by understanding the impulse behind the purchase. We don’t buy items, we buy feelings. Figure out what feelings you’re trying to purchase — and the triggers and root causes behind that — and your spending will adjust naturally.

Want to get (and stay) out of consumer debt? Start with the psychology of debt — both the factors that led you into debt, and the mindset that the debt burden creates.

Most of us know what to do (spend less than you earn, invest the difference), but translating awareness into action is tough. Tactics are necessary, but not sufficient.

Understanding the psychology of money is at the core of mastering our financial mental game. And until we master the mindset, then we’ll never follow through with the tactics.


Investing

Most discussion around investments fall into two categories:

1: The fundamentals. These are the articles that teach basics around how the system works: “the 401k, 403b, and IRA are examples of retirement accounts,” or “stocks and bonds are examples of assets.”

2: The horserace. These are the articles that track what the market is doing today, or this week — market moves, winners and losers.

You can either read evergreen articles on long-term investing, or you can track today’s stock performance; there’s not much information outside of those two domains.

But there are three important elements missing from this conversation:

1: The strategy. Investing decisions need to be made in the context of your life (or as my buddy Joe says on the podcast, “start with the end in mind.”) These strategic discussions around “what’s the end goal?” and “how do I reverse engineer?” often get overlooked, which is why so many investors experience FOMO, the fear of missing out. If there’s no clarity of purpose, then the only goal is “more.” And when the only goal is “more,” then the Next Hot Stock Tip seems too tempting to pass up.

2: The psychology. The greatest investors are the ones who have a strong awareness of investor psychology: fear and greed, FOMO, loss aversion, recall bias, the availability heuristic, our tendency to overvalue what we already own, and other cognitive biases.

3: The new frontier. Cryptocurrencies for conservative, thoughtful, diversified investors. We live in a world with SPACs and NFTs, acronyms that the average investor didn’t know a few years ago. And at the moment, millions of people are learning about these next-frontier innovations primarily from Twitter and TikTok.

I’ll be writing about investments with a focus on these three elements.

SPOTLIGHT ON…

One of the most fascinating trends of today is the decoupling of skills from diplomas.

The established order used to demand that we dig ourselves into debt for a formal education in order to be considered skilled, useful job candidates. The advent of specific skills-based online learning has transformed this, making it possible to land a six-figure career with only a few months of training.

For a deeper discussion around this decoupling — and how it affects anyone who wants a higher-paying job — watch this video conversation that I had with Jonathan Mendonsa, co-host of the Choose FI podcast.


Real Estate

Real estate is one of the few asset classes that’s a hybrid between an investment and an entrepreneurial venture, so it’s perfect that the “R” in “FIRE” fits in-between the “I” of investing and the “E” of entrepreneurship.

Housing prices have soared in 2021, and the psychological response has been fascinating. When macro events happen, our brains grasp for an explanation.

Many people have reflexively reached for the simplistic, reductive explanation that home prices are high because buyers are irrationally exuberant, and that what goes up must come down. Many people have a fear of heights: the soaring new highs of the market must *necessarily* mean that there will come a crash … right?

After all, that’s what happened in 2008 … so isn’t this history repeating itself?

Yet it takes more than new highs to cause a crash. And there are major differences between the market peaks of 2021 and the peaks of 2006-07.

In 2006-07, we faced a housing surplus. Builders were over-developing, speculating that demand would be able to keep up with the huge spike in supply.

In 2021, we face a housing shortage. New construction permits and renovation permits are low. Lumber prices are high. Labor is scarce. New household formation is high. The supply can’t keep pace with demand.

To be clear, this isn’t a prediction of the future. I’m opposed to making predictions (though I’m an advocate of probabilistic thinking).

It’s simply an observation that the factors influencing each run-up are different — so it’s unwise to assume we know what the future holds.


Entrepreneurship

The word “entrepreneurship” is overused, so let’s pause to look at the different concepts and styles of work that fall under this umbrella category.

First, there’s *gig economy* work, like driving for DoorDash or Uber Eats. It’ll get cash in your pocket immediately, but because there are low barriers to entry and few ways to distinguish yourself, the upside is limited.

Next, there are *scalable* side hustles, like building an online business of your own: freelancing, consulting, producing a product or service that carries your own branding. This allows you to distinguish yourself and offers the benefit of a limited startup cost, but it could take months before it turns profitable.

Once you convert side hustles into full-time work, there are two iterations.

There’s self-employment, in which you’re a solo service provider (potentially with a few 1099 contractors).

And then there’s full-blown entrepreneurship, in which you’re running a company with W2 employees, health benefits, vacation policies and a 401k plan.

The confusing thing about the catch-all term “entrepreneurship” is that people online use this to apply to all four of the above-listed situations, and as a result, most information that you’ll find about this topic is muddled.

In this First Principles series, I’ll be clear about which of these four situations I’m referencing, as I write about how to think and act like a successful entrepreneur.


Hope you enjoyed AND learned from this inaugural post in the First Principles series.

Click here if you want future posts like this straight to your inbox with more thoughts, ideas and insights on a new take on FIRE.

See you soon!

 

$280 per day posting YouTube comments

With the job below, earning money by posting YouTube comments is a simple four-step process:

1. Click the pre-given link to company’s YouTube video

2. Log into company commenting account

3. Copy and paste the pre-written comment into the box

4. Post!

It takes about 2 minutes and you can make $200 per day doing this.

Here are the job details…

How to do Ezine Articles

 

EzineArticles is a website that allows authors to submit articles on various topics for publication. To successfully post articles on the site, you should follow these steps:

  1. Create an account on the site.
  2. Read and understand the guidelines for submitting articles. This includes information on topics that are accepted, formatting requirements, and plagiarism policies.
  3. Write high-quality, original content that is informative and relevant to the topic you are writing about.
  4. Use keywords in the title and throughout the article to improve search engine visibility.
  5. Provide a bio and author's resource box at the end of the article with a link to your website or blog.
  6. Submit the article for review.
  7. Once your article is approved, it will be live on the site and can be shared on social media and other platforms.

It's worth noting that EzineArticles.com has a strict editorial process, submitting low quality or copied content will result in rejection and possible ban. Additionally, promoting affiliate links, self-promotion or trying to use their platform for SEO purposes is also not allowed.

Financial education

Mark Moss is a financial educator and author who advocates for wealth creation through smart financial planning and investment strategies. He emphasizes the importance of taking control of one's financial future by setting clear financial goals and developing a plan to achieve them. He also encourages individuals to educate themselves about personal finance and invest in assets that can generate passive income.

 

Click here to find out more

Following the example of the wealthiest on the planet

Following the example of the wealthiest individuals can seem daunting for a newbie, but it's important to remember that they all started somewhere. One practical step to take is to educate yourself on different investment options. Instead of relying solely on 401(k) and IRA plans, consider investing in real estate, stocks, or starting your own business. It's also important to have a clear financial plan and set realistic goals for yourself. Remember to be patient and disciplined with your investments, as building wealth takes time. Seek guidance from financial professionals and always do your own research before making any decisions. With the right mindset and approach, anyone can start following the example of the richest people.





















I am committed to help you to start your own Internet business with real information. I am going to show you how to start and run your own business in the real world and how to make money online. The information I want to share with you is real live examples. Just follow the link and get started

http://www.fxcashincome.com

 

 

 

Five ways to make money with forex

Apart from trading currency pairs, other methods can also earn a profit

Cash in various currencies                                 
There are many ways to make money with forex – Photo: Shutterstock
                                

Many people think that you can make money trading forex only by buying currency pairs and selling them at a higher price. The truth is that this is just one way you can use forex trading to make money: there are multiple other options, and we will talk about them in this article.

Aside from directly trading currency pairs, you can also trade instruments related to currencies or currency pairs, such as CFDs, options or binary options.

Using a broker's leverage

Maybe you have noticed that most brokers offer a certain level of leverage for your trades. Depending on various factors, they may offer you a leverage of 1:30, 1:50, 1:100 and so on. While this leverage is not exactly a way to make money, it can help you to boost your profits – or, unfortunately, make losses if not used wisely.

Thanks to leverage, traders can make a satisfactory profit even if they have only £100 available for trading. Let’s assume that there is no leverage and you have £100 to execute trades. If the price moves 3% in your favour, you will make a £3 profit. But if you select a broker who gives you a leverage of 1:50, you will open the position with a value of £5,000 and a 3% move in your favour will bring you £150.

However, don't forget that when using leverage (margin trading), you can increase your profits but you also stand to lose more money than the initial deposit.

Trading currency pairs

‘Trading’ usually means buying something at a low price and selling it at a higher one, so the difference between the buy and sell price is your profit. When this concept applies to trading currency pairs, you can say that you take a long position.

There is also another concept of “short sale,” or when you take a short position. This is when you are able to sell something at a high price and buy it later at a lower price. So the profit here would be the difference between the selling price and the buying price.

To understand how this works, imagine you are in a coffee shop one morning and someone wants to buy your laptop for £800 because their own computer broke down and they need one in a hurry. You agree to sell it. After a couple of hours, they no longer need the laptop but are not able to take it with them – this is where you have the chance to close your short position. You offer to buy the laptop back at £750 and make a £50 profit (£800 minus £750).

While the example simplifies it, the concept works much the same way in the forex market. You basically make a profit by selling a currency pair with the expectation that the price will go down and you will be able to purchase the same currency pair at a lower value later on.

Keep in mind that when trading currencies, you can develop multiple strategies which could bring you profit. One way to directly trade currency pairs is by opening positions in the same direction as the trend (called trend trading), meaning that in an uptrend you will buy the pair while in a downtrend you will sell or short the pair.

Contracts for difference

Another way to make money from the forex market is to trade contracts for difference, or CFDs. CFDs represent a derivative trading instrument and they are available for different types of markets such as stocks, indices, commodities and currencies.

If you decide to trade CFDs, you will have be able to speculate on the movement of an underlying asset, but keep in mind that with CFD you don’t actually own the currency pair in which you hold your position. By trading CFDs, you trade on the difference in the price and make profit accordingly.

How to make money trading forex CFDs

Let’s look at an everyday example. Your friend wants to sell his motorcycle for €500 today, but you believe he could sell it at a higher price tomorrow, so you tell him to wait. Because of the potential uncertainty, you make a contract with him stating that in case the price falls below €500, you will pay him the difference – whereas if the price rises above €500, you will receive the difference (less a small fee because, after all, you don't own the underlying asset).

So, you go to the market the next day and your friend receives an offer of €525 for his motorcycle. As you anticipated the price movement correctly, you will receive €22 profit for yourself while the remaining €3 will be a fee for your friend.

By trading forex CFDs you will make a profit in pretty much the same way, with the difference being that you trade CFDs with a margin. Margin trading means that you need to pay a certain percentage of the contract value (the broker provides the rest).

The position you can take when trading CFDs where the underlying asset is a currency pair is the same as directly trading the currency pair. Accordingly, you will take a long position (buy) if you anticipate a price rise, or you will enter a short position (sell) if you expect a decrease in the value of the currency pair.

Forex options are another derivative instrument through which you can make money with the forex market. Unlike the CFDs, the seller of the option must deliver the underlying asset to the holder of the option if the holder exercises the right.

Can I make money trading forex options?

This would mean that you, as holder, don’t have any obligation to buy or sell the currency pair but, if you decide to do so, the seller is obliged to deliver. So, there are two types of options: the call option and the put option. You will take the call option if you expect a price rise, and lock the price at which you can buy the pair in the future. You will want to hold a put option if you anticipate a price decrease because you will set the price at which you will be able to sell the currency.

For instance, you might set a purchase price for the EUR/USD of 1.10 in anticipation of a price increase. It turns out that you are right and the price indeed increases to 1.20. Because the option gives you the right to buy the EUR/USD pair at 1.10, you decide to activate it and buy the pair at the agreed price. After buying the EUR/USD at 1.10, you can sell it on the forex market for 1.20 and cash in the difference immediately.

If, for some reason, the price moves against you and falls to 1.08, then you will leave the option to expire. It should be noted that irrespective of whether you activate the option, you pay a certain premium to the option seller and this premium is the maximum loss you can have.

Trading forex binary options

Binary options are another way in which you can make money with forex. They gained popularity among traders because of their simplicity and the possibility of making profits in excess of 70%, which is why they are also referred to as fixed-return options.

By trading binary options, you can speculate on the direction of the price movement irrespective of the size of the movement where the basic binary options form is the high/low.

Is Forex trading profitable?

Don't forget that forex trading comes with risk, meaning that you should prepare yourself before you start trading. You need to understand how currency pairs work and which factors affect their values.

Additionally, it would be a good idea to get acquainted with technical analysis indicators and how to use them to your advantage. Also, try to set up good money management in order not to risk all your funds at once.

 

By Zoran Temelkov