Author Archives: femmefrugality

3 secrets no one tells you when you copy trade Forex

This post is brought to you and contributed by an outside writer.

The foreign exchange market offers numerous opportunities, such as flexible trading hours and high leverage ratios. This helps investors extract profit from exchange rate fluctuations.

The most prevailing type of trading in the Forex market is copy trading. Copy trading makes it simple for individuals in the financial markets to replicate positions opened and managed by others. 

Just because you see the word ‘copy’ inside ‘copy trading,’ it doesn’t mean you’re cheating. Far from it. Buying and selling are automated, but it’s up to you to choose a good trading strategy. You observe the available positions and try to figure out the reasoning behind each movement. Once you’ve succeeded in identifying a connection, you need to be able to close trades, open up new ones, and attempt to control the result.

All you need to start is a PC or smartphone and an Internet connection. Select a reliable broker, create a trading account, open or download the terminal, choose your leverage, make a deposit, and start trading the foreign exchange market. Here are the secrets that nobody will tell you when starting to copy trade Forex.

Imitate an experienced trader in buying and selling 

Copy trading seems simple enough. You get in touch with one of the few Forex brokers who have their own CopyTrading platforms, put your money down, and start imitating successful traders.

However, there is more to it than meets the eye. You must get a good understanding of the facts that could possibly impact your profit or loss. If you copy the wrong Forex trader, you will end up disappointed and with an empty bank account. 

Set your eyes on a trader that shows consistent profits, not to mention a very appealing chart. You may be tempted to ignore the spread and buy at chance in the foreign exchange market. It is important to understand that it is just as easy to lose pips as it is to win pips. If you ignore the possibility of loss, your trading account will suffer for it. 

Follow Forex traders with A or B ratings. You’ll be amazed by the number of market participants that you can follow. Unfortunately, the more options you have, the harder it becomes to find a trader that will lead you to profitability.

When picking someone to follow, take into account your strategy, the risk-to-reward ratio, and, last but not least, think about how often the trades are placed. If you’re not the type of person who can multitask, choose a trader that makes fewer transactions a week. 

Do not put all your eggs in one basket 

You know the old adage. It means that you should not concentrate all your efforts or resources in one place because you risk losing everything. This saying holds true when it comes down to copy trading, so try applying the words.

Make your investment portfolio safer and less vulnerable to the whims of the currency market. You should have a portfolio made up of different traders with an assigned similar amount for each one. The road to long-term profitability implies diversification

Forex copy trading allows you to instantly add a level of diversification to your investment portfolio. Even a few trades will expose you to numerous assets, which can include currencies, stocks, commodities, and indices. You still need to copy more than one trader if you want to have success. Individuals do not seem to understand that even the best Forex traders have bad days. Losing days are inevitable, which is the reason why you need to put your eggs into several baskets. 

Follow several Forex traders and spread the risk. If your account is small and you cannot copy so many traders, 20 being the maximum number, diversify properly into more assets and limit the risk. You can enjoy a diversified trading portfolio even if you don’t have too much capital. Most importantly, do lots and lots of research. 

Take the profits from copy trading and reinvest them 

Copy trading could be profitable if you allocate enough time to your account. The profits that you make are used for copy trading. Even if your money grows as you continue trading, you’re still not going to become rich overnight.

There are two things you can do: Withdraw the profits right away or let them get reinvested back into the broker’s system when you copy trade. Tempting as it may be to withdraw your profits, you can let your winnings go into new, bigger trades. 

Making money out of copy trading is a real possibility, though the field is risky. Reinvest any profits you make and take advantage of the compound effect that enables you to reap huge rewards from insignificant actions.

It is not possible to predict how much money you will make buying and selling currency. The past results are not good indicators of future performance. As mentioned earlier, every Forex trader has bad days from time to time. If you want to make progress and be successful, embrace this aspect and take control of your investments. 

Do not hesitate to set a stop loss. This neat feature gives you the ability to manage risk when it comes to every copy relationship. It is based on profit and loss values. It is essential to put stop losses in place no matter if you are trading by yourself or automatically copying the moves of others. The stop loss is what prevents the trade from becoming a massive loss.

Survivalist Father’s Day Gifts Under $50

Everything in 2020 is marked by the corona virus. From our daily schedules down to our hobbies, nothing is free from the justified anxiety we all feel on an near persistent basis.

One way to work through that anxiety is to prepare. If the dad in your life has recently started showing an interest in survivalist gear, this post is for you.

The thing about prepping is it can be expensive. And right now, all of our wallets are at least a bit thinner than they were a few months ago.

That’s why every Father’s Day gift in this guide has been chosen for value — providing Dad with a lot of utility even if you’re on a budget.

Wingman® Multi-Tool

Wingman�

Price: $49.95
Where to get it: Leatherman

Usually the Wingman is $59.95, but this best-selling multi-tool is currently on sale. It’s perfect for someone who wants a tool box that fits in their pocket as it includes 14 tools:

  • Spring-action needle nose pliers.
  • Wire stripper.
  • Spring-action regular pliers.
  • Can opener.
  • Spring-action wire cutters.
  • Wood/metal file.
  • Spring-action scissors.
  • 420HC combo knife.
  • Package opener.
  • Ruler.
  • Bottle opener.
  • Phillips screwdriver.
  • Medium screwdriver.
  • Small screwdriver.

The Wingman can also be customized. You can add text, an image or pattern on either handle or blade.

Survivalist Candle Beeswax

Price: $9.50/lb
Where to get it: HungryBearFarms

If Dad needs a hobby through quarantine — whether imposed by the government or common sense — candle making is one that’s key to many survivalists. Typically, survivalists are making candles with the aim of replacing electric light sources.

When you do this, you want to ensure the candle will burn both cleanly and for a long period of time. The two best waxes to achieve this are soy wax and beeswax. Beeswax actually burns longer, but it is slightly more difficult to work with because it takes so long to melt and therefore form.

But Dad has time to perfect the art of beeswax candle making. That’s kind of the point.

And he’ll appreciate that you did your research.

HungryBearFarms is an Etsy shop. I love Etsy because each and every shop you buy from is an individual small business. In these trying times, it’s nice know the money you spend on your purchase is going to the little guy supporting their family.

I did my research on this one and found you the lowest price per pound on Etsy as I could. They got great reviews, too.

Square Candle Wicks

Price: $2.89/5 yards (Price per yard goes down as the quantity goes up)
Where to get it: BuyBrittique

Also integral to candle making — and also from an Esty shop — is a square wick. A square wick burns the longest, making it the best option for survivalist candles. Bear in mind this particular item has a zinc core in addition to the square braid.

Rugged Rechargeable 400L LED Lantern

Coleman Rugged Rechargeable 400L LED Lantern

Price: $49.99
Where to get it: via Coleman

If you’re ever without electricity, candles will serve you for the long-term. But a great, battery-powered lantern is a better alternative for as long as you have batteries, if only because it’s not a fire hazard.

This LED lantern from Coleman fits the bill and then some. You won’t even need actual batteries; this lantern is chargeable via USB.

CHOETECH 24W Solar Charger

Price: $49.99
Where to get it: CHOETECH

It’s great that the Coleman charges via USB, but if you’re in an off-the-grid situation, where are you supposed to plug it in?

Solar battery chargers are a great solution for this. Generally speaking, the more money you invest in your solar charger, the more quickly it will charge when you set it out in the sun. Then, you can plug in your devices, whether that’s your lantern or cell phone or iPad.

This one from CHOETECH gets rave reviews for the price range. It’s compact, charges relatively quickly for the price point and is compatible all kinds of devices.

Seychelle Water Filtration Bottle

Price: $29.99
Where to get it: Wise Company

When you’re hiking or otherwise spending time out in the wild, it’s a good idea to have a filtered water bottle. They’re also great to have around in a time of disaster.

This one from Wise Company is 28 oz, filters up to 100 gallons and removes:

  • Aesthetic contaminants.
  • Chemicals.
  • Dissolved solids.

It also removes 99.9999% of bacteria and 90% of fluoride.

Do Home Loans Need to Be So Stressful?

This post is brought to you and contributed by an outside writer.

One of the most daunting experiences of adult life is the anxiety-producing home loan. 

The constant hope that you will be able to maintain your income so you can make your mortgage payments on time can create a tension-filled life. 

Many of us sit with mountains of stress over the complications of maintaining and owning a home. It’s not uncommon to avoid financial problems by just hoping it solves itself if we keep making payments. Yet even when we’re avoidant, there’s always that constant worry that if things go wrong it could lead to the possibility of losing the house — despite our best efforts. 

If your mortgage provides more feelings of anxiety than security, it might help to know about the many helpful ways to reduce the stress of having a home loan. Yes, if you are in a bad spot with your mortgage, there is a light at the end of the tunnel.

And it’s not necessarily the headlamp of an oncoming train. 

An Alternative to Foreclosure

There is an option available to homeowners who are no longer able to afford payments for any of several reasons — a way to get out from under the debt that their changing economic situations have left them with. 

If you are suddenly facing an uncertain and financially insecure future and still owe more than your house is worth, foreclosure isn’t the only way out. In cases where you believe a foreclosure to be around the corner, a slightly better options is short sales.

In the Ohio Valley, specialists like those at the Ohio Short Sale Center can help you determine if a short sale is a plausible option for you as a homeowner. You will have to move when your house sells, but it won’t be because the bank is kicking you out. 

In a short sale, the bank allows you to sell your home for less than you owe. The bank is taking a loss and so are you, but it’s better for the both of you than going through the losses that come along with foreclosure. 

Additional Financial Relief Options

More often than we realize, the value of homes can quickly change for several reasons, leaving many homes with a substantially reduced worth and owners with an existing loan that now exceeds the value of the property. Borrowing against your mortgage or property can also put you in a similar situation.

Or simply losing your job due to a pandemic.

You could consider a loan modification. This should be considered as an approach early on, and could involve options such as temporarily reduced interest rates, switching mortgage lenders, or restructuring of payments so the amounts become more manageable during the hardship you face. 

Temporary suspension of mortgage payments is sometimes an available option, but all of these options depend entirely on your financial lender. 

Whatever road you take, do so with the advice of a financial professional who knows the ins and outs of your entire, individualized financial situation. You can get the advice of a HUD-approved financial counselor for little to zero cost.

Learning Is Better Than Worrying

If you ever find yourself stressed out over your home loan or any other part of your financial situation, remember that knowledge is power. In the era of the internet, we’re lucky enough to live in a time when knowledge is literally at your fingertips. 

You don’t have to be great at trigonometry to ‘get’ personal finance, but putting effort into understanding how our finances work is something we can all benefit from greatly.

Swagbucks Review: Strategize Your Way to Free Gift Cards

What if I told you there’s a way to earn free gift cards simply by changing your default browser? 

It’s true. 

Swagbucks is a platform that turns the money it makes in advertising dollars into rewards for its users. You can then redeem those reward points for prizes like gift cards. 

Using Swagbucks isn’t likely to provide you with the income of a part-time job, but it is a legit way to earn some extra spending money when things are super tight. 

How Swagbucks Works

Swagbucks is a multi-faceted platform that rewards you for engagement. When you engage with the platform, you earn points called SB. 

SB points can then be traded in for various rewards, including but not limited to:

  • Gift cards.
  • Sweepstakes entries.
  • Donations to charity.

How to Earn Points with Swagbucks

To earn SB points, you have to engage with the platform. 

There are many ways to do this, but they do not all reward you equally.

Use Swagbucks’ search engine.

One of the core ways to earn these points called SB is to use Swagbucks’ search engine. 

If you’re a Millennial, you might remember alternative search engines like Ask Jeeves and Bing. Swagbucks’ search engine works in the same way.

If you can’t remember when these search engines were competitive, think of Swagbucks’ search engine as an alternative to Googling things.

You won’t get rewarded every time you use the search engine; the reward points are apparently random using this method. A realistic expectation is 10-20 SBs for every 10-20 searches, though your results may be more or less.

Shop Swagbucks’ affiliate network.

One way Swagbucks makes money is through affiliate marketing.

Affiliate marketing is also one of the ways this site makes money. For example, Swagbucks is one of my affiliates. When you click on one of their links in this post and signup, this site receives a small commission. 

You don’t pay more when you purchase through an affiliate link. The company just uses a portion of the profits they would have made anyways to pay the affiliate commission.

Swagbucks has a shopping portal where you can find many big retailers you probably shop with anyways. When you do this, you can earn SB points. 

Also when you do this, the retailer with whom you shopped pays Swagbucks a commission.

Cashback

Swagbucks sometimes frames its shopping rewards as cashback offers. But what you’re really earning are those SB points. 

To do this, Swagbucks is currently valuing each SB point at $0.01.

So if they’re offering a 1% cashback offer, what they’re really offering is 1 SB point for every dollar you spend.

Keep an eye out for Swagbucks special offers.

In conjunction with the ‘cashback’ offers when you shop with Swagbucks, you will also find special offers. 

During your shopping experience, these offers will look like deals and sales in the Swagbucks portal

There are other areas of the site where you can ‘Discover’ special offers when you download apps advertising with Swagbucks, or earn points for signing up with partner services who advertise with Swagbucks.

Want to earn more with Swagbucks? Watch videos.

You can earn points for Swagbucks by watching videos on their platforms. 

The people I’ve known who have earned a ton of points for SB using this method don’t actually ‘watch’ the videos, but leave them playing in the background while they’re doing something else. 

Take Swagbucks surveys and answer polls.

Another way Swagbucks awards you points for SBs is when you answer polls and surveys. A quick way to get a SB point is to answer the daily poll.

However, surveys are not the best way to earn points. You may get excited the first few days as your queue of potential surveys initially fills, but it is likely to deplete quickly. You may even get part way into a survey only to find out you don’t qualify. 

Earn more with Swag Codes.

You can find Swag Codes lots of places, but the best way to approach this method is to follow Swagbucks on all their social media accounts

Swag Codes typically come and go quickly. While you will very likely be rewarded for watching for them if you’re vigilant, it can quickly become an obsession that’s not worth it if you don’t set boundaries on your time.

Related Post: Money Hacks in a Time of Social Distancing

Refer friends to Swagbucks.

If your friends are uninitiated, there is a lot of point-earning potential in introducing them to Swagbucks.

Swagbucks has a referral program that rewards you with 300 points for each friend you send their way off the bat. You’ll get this bonus after they earn their first 300 SB points. 

After the signup rewards, you also earn 10% of their lifetime points

In month two, if they earn 1000 SB points, you’ll earn 100 SB points without doing anything.

In month three if they earn 800 SB points, you’ll earn 80 SB points without doing anything.

And so on. 

Right now there’s also a 100 SB point bonus when a friend you refer installs the Swag Button. The Swag Button is a browser extension that automatically lets you know when you’re shopping with a Swagbucks affiliate so you can claim your points.

To participate in the referral program, you will be provided with your own, unique Swagbucks signup code. You will be invited to share it via email and social media. The link will then track everyone who signs up using it, crediting you with any points earned on each referral.

Play games on Swagbucks.

Playing games on Swagbucks is not going to make your rich quick. But if you’re sitting around playing games on your phone or other device anyways, you might as well get rewarded for it! 

Complete daily goals to earn points for SBs.

Swagbucks has a daily goal feature you can activate. You start off by getting a few points just for activating it. 

You can earn more by meeting a certain point goal Swagbucks sets for you. For example, your daily goal might be 40 points. If you meet that goal, you might be rewarded with 3 more points. 

Bonuses for cumulative goals like streaks ensue.

Compete with Swagbucks.

Sometimes, Swagbucks will run competitions. 

During these competitions, you’ll join a team with other Swagbucks users. You’ll then collectively work together to try to earn more points than the other team. 

The winning team is rewarded with points for SB.

Download apps to earn SBs.

Swagbucks has expanded its app offerings considerably since the platform began. Today, you can earn SB points on your mobile device

Each app has a max number of points you can earn per day, so using multiple apps in conjunction is the best way to maximize your earning potential.

Plus, you can earn extra points for downloading each app.

  • Swagbucks Mobile. This app allows you to earn points through access to the shopping/affiliate portal, surveys and videos. Though all the other Swagbucks apps are focused on video in select niches.
  • SB LIVE. Swagbucks LIVE is an app setup to operate like a gameshow. There are real, cash prizes in the thousands of dollars, but there are also bonus SB point opportunities just for participating. 
  • Swagbucks Watch. While you can earn points for SBs watching videos in Swagbucks Mobile, Swagbucks Watch is built for the task. Here you’ll mostly find movie and game trailers, along with a few interviews and select scenes. This is the only Swagbucks apps that is only available in Google Play.
  • Swagbucks Answer. If you only want to earn points through surveys, Swagbucks Answer is likely the app for you.
  • MovieCli.ps. MovieCli.ps is very similar to Swagbucks Watch, and allows you another opportunity to earn points.
  • Sportly. Sportly is a Swagbucks app that allows you to view short videos on anything from YouTube-esque fitness tips to interviews with experts in the field. 
  • IndieMusic.tv. This is an app where you can watch music videos from indie artists across genres.
  • Lifestylz.tv. Clips on this app center around celebrities, travel, home decor, food, fitness, family and personal growth.

There are ads between the videos, and you can’t skip them. These ads are another way Swagbucks makes money.

What’s the most effective way to earn Swagbucks?

Most of us search the internet multiple times per day. That’s why one of the lowest-effort, highest-impact ways to earn points is by setting Swagbucks to be your default search engine.

Anecdotally, the Swagbucks users I’ve encountered have used videos as the secondary most effective way to earn points. With all the app options, you might need to spread your watching across Swagbucks platforms to maximize your earning strategy.

If you get a few friends engaging on the platform, that’s another lucrative point stream, as well.

Taking advantage of various partner special offers can be lucrative, but typically requires you to spend cold, hard cash. You’re not optimizing your points if you’re spending money to get them.

What are the least effective ways to earn Swagbucks?

Surveys on Swagbucks can eat up a lot of time — sometimes for zero reward. This method is not the best way to optimize your time.

How to Redeem Swagbucks

Rewards are switched in and out, but the most consistent offerings are gift cards, sweepstakes entries and opportunities to donate.

I don’t recommend using your points for sweepstakes entries. It’s too close to gambling — which is an addiction that affects your personal finances in a very direct way. You may be dealing with SB points rather than dollars, but this is a slippery slope if you have addictive tendencies. 

The conversion rate to donate your points to a charity is $0.01 for each SB point. While it is great to give back, this is not the best way to optimize your Swagbucks time from a pure point-to-value ratio.

How to get the biggest bang for your Swagbucks.

Gift cards are available in denominations as little as $5. We’re talking about retailers you likely spend money with on a monthly basis anyways. Examples include but are definitely not limited to:

  • Amazon.
  • Target.
  • PayPal.
  • Google Play.
  • Sephora.
  • Kohl’s.
  • Starbucks.
  • Sam’s Club.
  • Walmart.
  • iTunes.

If you buy in at the $5 level, though, you’re still only getting the $0.01 per 1 SB point conversion rate. That conversion rate is the same for every gift card level except for one.

To truly maximize your Swagbucks experience, you will want to look at $25 gift cards. These offer better conversion rates than those with both higher and lower dollar values.

Right now the standard conversion rate on many $25 gift cards is between 1.13 cents and 1.14 cents for every SB point. 

How much can you earn with Swagbucks?

The amount you can earn with Swagbucks varies. The people I’ve known that really go at it can consistently come out with up to $250 in gift cards per month, though I don’t know that it’s necessarily worth the time investment. 

Barring some really impressive workflow processes.

If you’re only taking surveys, you’re likely not going to earn very much at all.

Realistically, when I was at peak Swagbucks use, I would earn anywhere from $25-$50 in gift cards per month

This was primarily from using Swagbucks as my primary search engine. Though I did pseudo-regularly play videos and games using the platform, too. 

Is Swagbucks a scam or legit?

Swagbucks itself is safe to use and pays out its rewards promptly. As with any advertisement you find on the internet,  you’ll want to use your common sense when engaging with third-party offers or ads after you’ve left the Swagbucks platform.

Bear in mind that to optimize your points, you need to strategize how you use the platform. If you’re not optimizing your usage, your rewards are going to feel very low compared to your efforts.

But if you optimize your strategy, there are real gift cards on the other side. I’ve cashed in points for them myself.

How do I sign up for Swagbucks?

You can access Swagbucks signup here.

6 Great Ways to Promote Teamwork in the Workplace

This post is brought to you and contributed by an outside writer.

Regardless of how big or small your company is, teamwork is one of the best ways to get the most out of your employees. It not only provides a better working environment but can also boost productivity. Here are 6 great ways to promote teamwork in the workplace.

Employ the right people.

To achieve a good team environment, you need to employ the right people. Being impressed by a candidate’s resume and experience is all well and good, but if they are not likely to work well with your existing staff, they are probably not the right fit for your team. 

When interviewing, think about how each potential employee will fit in with the current dynamic and follow your instincts, being careful that your instincts are not prompted by internalized discriminatory beliefs.

Employee wellness programs.

Employee wellness programs are designed to help maintain employee health and mental wellbeing. When carried out as a group effort, they can also be great for teamwork. Wellness activities for groups can range from organized walks to charity fundraising. They are a fabulous means of getting employees to interact and work together as well as promoting a healthier lifestyle. 

Communication.

If staff don’t communicate effectively, they are not likely to work well as a team, which can result in tension and animosity. Actively encourage communication at all levels and explain to your staff why it’s so important.  

If there is a lack of flow of information between departments, explain to them what the information is used for, why it is needed, and the impact it could cause if not communicated correctly. Going back to basics can be enough to make a difference.

Deal with issues straight away.

If you notice an issue forming between certain members of staff or specific departments, nip it in the bud. Find out from everyone involved what the issues are and agree on a resolution. It’s important to hear both sides and don’t alienate anyone. If someone feels like they aren’t being heard or are being treated unfairly, teamwork isn’t going to be a priority for them. 

Teambuilding days.

Teambuilding activities are specifically designed to reach an end goal that can only be achieved if everyone works together. From an organized treasure hunt to building a treehouse, the activities not only provide lots of fun but promote good communication and help staff build trust in each other.

Socializing outside office hours.

Socializing is a great way to promote teamwork. Many companies host an annual barbeque or family fun day where employees meet up for a few drinks and some food and get to know each other on a different level. It’s an opportunity for colleagues to let their hair down and spend a bit of informal time with each other. 

Conclusion

Good and effective collaboration can not only make a business more productive but can increase employee satisfaction levels. Actively promote teamwork within your organization, and you might be surprised at the results.