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Four Ways to Make Money Trading Stocks, Digital Currencies and World Markets

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If you’ve ever wanted to get involved in the stock market or investing in your future, you’ve likely given some thought to the various options out there. The most common method for investing is through the stock market, however, this is often a long term solution and not something active investors and younger investors are looking for. Once you’ve pushed that option to the side, then more enticing opportunities like day trading, forex trading and investing in precious metals or digital currencies might come into play.

To better explain each of these investing methods, and how they differ from typical stock market yields and investing, be sure to check out each of the summaries below.

Day Trading

There is nothing wrong with investing your money in the stock market, but it’s usually a long-term play — especially if you are referring to a 401k. However, if you have some money to play around with, day trading might be what you are looking for. With it now being easier than ever for someone to open a brokerage account with services like Etrade or Ameritrade, anyone can also start day trading from home. The concept of day trading is jumping in and out of stocks for quick gains. While this may seem easy enough, it’s just as easy to lose money as it is to gain. It’s also important to note that nearly all trading platforms also have mobile applications, which makes it easy to trade at any given point in time, and not needing to be on a laptop, computer or talk to a broker directly.

Precious Metals

We first covered the basics of investing in individual companies through the stock market, then your options with world currencies. Now it’s time to also cover investing in precious metals — which is commonly focused on gold and silver. Just like you can buy and sell shares of a company, you can do the same with gold mining stocks or through gold mining indices (some offering up to 3X multiples). Another option is to simply invest in physical gold or a Gold IRA. However, if this is something you are going to do, it’s recommended that you make this investment for the long haul. A great site for purchasing physical gold and keeping an eye on precious metal prices is GSI Exchange. Just like the stock market opens and closes in the United States, then opens again in different countries around the world, the same holds true for precious metals.

While investing in gold might not be as attractive as it once was from an investor standpoint, it’s still one of the most valued resources in the world today. Check out these resource on the top countries with gold and you will start to have a better understanding of where the finance hoarding of gold is really taking place.

Forex Trading

The business and trading of world currencies is something that has been going on for generations. However, as mentioned in the previous point, it’s now easier than ever for someone to get involved in forex trading thanks to online investing and training tools. Just like there are self-serve platforms for trading stocks, there are custom built solutions for tracking, monitoring and trading world currencies as well. When it comes to Forex Trading, there are plenty of solutions and platforms on the market today that offer access to advanced charting and analysis for traders when looking at different forex, commodities, and indices across the world. With world markets and currencies changing at all times, it’s crucial to have a platform and trading system in place that is also working 24/7.

Digital Currencies

One of the most exciting and fast paced methods for investing and trading as of lately is through digital currencies. While this method is still somewhat new and unknown to many, cryptocurrencies like Bitcoin, Ethereum, and many others are not only gaining mass attention, some of them are seeing some massive movements in pricing as well. To keep an eye on such digital currencies, you can visit Coin Market Cap, which lists 100 different digital currencies and posting their latest or live movements. While it’s easy to trade stocks, forex, and world currencies through online trading platforms, it’s still a new world for digital currency trading. There are options and market places for digital currency trading, but regulation across such networks isn’t as mainstream as it’s all still fairly new.

When it comes to any type of investing, always be sure to put in the time and due diligence. While each of the investing and trading options above is unique in their own way, they also each come with their own risks and rewards.

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5 Ways to Maximize Your Forex Profits and Investments in 2019

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As we all know, there are many different ways to make money online — whether that be through starting a new business, focusing on affiliate marketing and blogging, or even putting your existing finances to work for you through good investments or stock/forex trading. With so much focus on each of these methods, today we are going to take a look at what the world of forex holds for those willing to put in the time and effort.

Forex is one of those activities that is very easy to learn, but hard to master. Even though it is not a good idea to get into forex with the preconception that profits are guaranteed, it is no secret that money is a key motivating factor for many traders. Whether it is to create a steady, additional source of income or build a primary source of money, the financial aspect always takes precedence over others.

However, traders are as diverse as the combinations of currencies, and the money-making process varies from one person to another. Therefore, we have decided to make a list of actionable tips that will help you make a profit out of your trading efforts. Here are five ways to maximize your forex profits.

Prepare Before You Begin Trading

Because the Forex market is based mainly on leverage – with some brokers offering leverages as high as 50 to 1, 100 to 1 or even 200 to 1 -, some traders might fall into the temptation of taking them for granted. Admittedly, even professional forex traders might experience this cognitive dissonance from time to time, because the willingness of the brokers to offer high leverages will make some traders believe that the risk is manageable, triggering what most experts call ‘’the gambler’s fallacy’’.

So, the best approach before entering the forex market is to create a detailed and comprehensive plan. Beginning with a practice account is recommended here, because it offers the freedom to experiment with lots of strategies without assuming any risks.

Another thing that forex traders should consider doing while practicing is reading a few forex trading books. Some of the best Forex books are the following:

  • Forex Strategies: Best Forex Strategies for High Profits and Reduced Risks. Written by Matthew Maybury, this book is an excellent reading material both for beginners who want to step into the forex market with the right foot, or veterans who want to refresh their knowledge.
  • The Little Book of Currency Trading: How to Make Big Profits In The World of Forex. Written by Kathy Lien, this book can act as an excellent auxiliary material for the previous title.
  • Currency Forecasting: A Guide To Fundamental And Technical Models of Exchange Rate Determination, Michael R. Rosenberg. This book is great for people who want a short, concise introduction into the art of making forex profits and do not have the time to read longer titles.

These books are a good starting point if you want to learn how to maximize your profits. However, do keep in mind that they are pricey – but the price of the books are totally worth it on the long term.

Do Not Set Excessive Goals

If you hope to have any chances at profiting from forex in the near future, one of the best approaches is setting your expectations as low as possible. Unfortunately, most traders become nearly obsessed achieving a ‘’professional’’ level right from the get-go, as soon as they advance from demo accounts to handling real money.

As good as being ambitious is, the main problem is that having a big goal with no realistic plan to achieve it is essentially worthless to long-term growth. Instead, a wiser (and more recommended) approach for beginners who just got their feet wet in the forest market is building a realistic short-term goal and sticking to it for a while, preferably a month or two. As soon as you achieve that short-term goal, you can steadily advance to more and more ambitious goals until you reach the high tier of forex trading.

To conclude, if you are serious about achieving long-term goals, you should start with the little stuff first, and devise a comprehensive plan that will help you achieve those smaller milestones.

Practice Patience

Many forex traders, particularly rookies, are more likely to get impatient or panic if a trade does not go their way as soon as they launch it. On the opposite side of the spectrum, if a trade goes better than expected, they get cocky and either rush to pull the plug right away on a trade that could have rendered a significant profit, or get greedy and spread their finances too thin in order to grow their revenue.

However, patience is a quality that requires a lot of persistence and effort to build. Using specialized tools, such as the Forex and CFD trading calculator, a pattern spotting and confirmation tool and so on can help you achieve a more methodical approach when it comes to trading.

The one thing you have to remember is that you are going to win some trades, or lose others. Do not stress too much about winning or losing – you will lose money at some point, and there is no way around that. Take satisfaction in the small things and on the accumulation of experience, as this attitude will pay on the long-term.

Understand the Tax Implications and Treatment

When it comes to forex, it is important to understand the tax implications and the legislation regarding the forex activity in order to be prepared when the dreaded tax day comes. Forex can already be a full-time occupation, so the best approach here is to consult a qualified accountant or tax specialist that knows the ins and outs of tax law.

A qualified professional can help you avoid any surprises and take advantage of various tax laws – the market-to-market accounting law, for example, which involves recording the value of an asset to reflect its real market traction. Another reason which makes hiring a qualified accountant the wise idea is that tax laws have a tendency of changing regularly, and keeping up with all the legal matters is quite hard for someone who has not had an education in this sense.

Diversify and Limit Your Risks

Another good approach to maximize your profits is diversifying, and at the same time limiting your risks. Here is what these two strategies involve:

  • Diversification is key in maximizing your profits as much as possible. Traders who extend their portfolios across multiple markets have a better chance of making a profit. By applying this strategy and investing small to medium amounts in multiple currencies, you minimize your chances of suffering terrible losses – because, essentially, one loss is mitigated by a win on another. Even if you are absolutely sure that a particular trade has a chance of paying off, it is still a bad idea to put all of your money in a single basket.
  • Familiarize yourself with ways to guarantee a profit on an already profitable order. Good tactics in this sense involve trailing stops, or limiting losses using limit orders or stop. As important as it might be to concentrate on winning, limit losses is more vital to your long term success as a trader.

Conclusion

The forex market is an attractive proposition for many ambitious entrepreneurs thanks to its decentralized nature, round the clock schedule and high leverage – which can be both an advantage and disadvantage, depending on how one approaches the issue, and very low requirements. Maximizing profits comes down to keeping up with tax laws, doing as much research as possible, setting realistic goals and, last but not least, practicing patience. Make sure to follow the advice listed in this article, and you will learn how to maximize profits in no time flat.

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Top 20 Most Expensive Domain Name Sales Ever

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Imagine buying a brand new domain name for $10, then holding onto it for a few years and selling it for millions! The scenario is extremely unlikely, but it does happen. More often than not, the domain is sold for thousands, but the individual ROI on that initial $10 can be huge! Welcome to the world of domain name buying and selling.

Having been making money online since the mid-90s, I’m always kicking myself at the thought of being able to get my hands on some of the best generic domains back before they were registered. Oh, well 🙂 I think it all ended up for the best so far anyway.

With the discussion of domain names and high-valued tech companies always in the news, the dream of selling a domain name for a ton of money isn’t that far off — especially if you know what to look for, or are currently sitting on a nice portfolio of domains. To help with this process, we’ve created an excellent reference guide that covers everything you need to know domain names, values, and registering some great ones of your own.

Most expensive domain names publicly reported

When it comes to looking up the most expensive domain names ever purchased, it’s an ongoing process. With more than 100,000+ new domains being registered daily, it’s a full-time job to keep the list of most active and highest-priced domain names updated. Thanks to GoDaddy, we don’t have to compile this type of information ourselves, as they are one of the largest domain registrars in the world today, and publicly post this data on their site.

At the same time, there are many different ways to list and sell domain names — both publicly, privately, and through domain brokers. GoDaddy also reports that most domain names sell for thousands of dollars when being purchased from someone else.

With all of that in mind, let’s take a look at the top 20 highest selling domains names to date — courtesy of GoDaddy.

  1. Insurance.com — $35.6 million
  2. VacationRentals.com — $35 million
  3. PrivateJet.com — $30.18 million
  4. Internet.com — $18 million
  5. 360.com — $17 million
  6. Insure.com — $16 million
  7. Fund.com — £9.99 million
  8. Sex.com — $13 million
  9. Hotels.com — $11 million
  10. Porn.com — $9.5 million
  11. Porno.com — $8,888,888
  12. Fb.com — $8.5 million
  13. Business.com — $7.5 million
  14. Diamond.com — $7.5 million
  15. Beer.com — $7 million
  16. iCloud.com — $6 million
  17. Israel.com — $5.88 million
  18. Casino.com — $5.5 million
  19. Slots.com — $5.5 million
  20. Toys.com — $5.1 million

The common theme across nearly all of these multi-million dollar domain sales is that they are super generic one-word domain names, that are also .com. The only two exceptions are VacationRentals.com and PrivateJet.com, which both sold for more than $30 million each! The fifth highest selling domain isn’t even a word at all — it’s a number (360.com)!

How to Pick a Great Domain Name

Obviously, the most expensive and valuable domain names are going to be one-word generics that are .com names. What’s also obvious, is that these type of names are no longer around and if you ever wanted to buy and sell domains for profit, you either need to get your hands on a great name, have an existing portfolio, or be really good at coming up with new names that people might want (which happens all the time).

Some simple tips to keep in mind when trying to pick a good domain name.

  • Stick with the main TLDs of .com, .net, and .org
  • Stay away from using dashes and numbers in domains
  • The more generic the better, two words are better than three
  • Make sure the domain is easy to remember and spell
  • Don’t use numbers in place of letters/words (ie: “8” instead of “ate”)
  • Always register your personal name if it’s available

By following these tips, you will have a much better chance at not only registering a great domain name for personal use, business, or for selling — but also making sure it’s the highest value possible.

Using Name Generators to Find New Names

There are two ways to register/buy a domain name. The first is to go through a broker or online site where a domain is already registered and up for sale. The other is going to a domain registrar and simply registering it for the first time. Heading to a site like NameCheap or GoDaddy and getting a new domain name for around $10 is ideal, but also very tough since nearly all the good names are already taken.

If this is the case, you might need to get a bit creative with your domain name, or coming up with a new name for your brand or business. For times like these, I recommend you take a look at these domain name generators. If you are looking for a unique name for blog, business, or products, check out these useful name generators as well.

Something else to keep in mind when registering a new domain name, is that if it’s available, it might not be that great after all. Always consider the domain name you are registering, and also follow the recommended tips that were pointed out above.

Why You Must Register Your Personal Name as a Domain

Your name is unique, and there is no one else in the world like you! However, there are probably hundreds (if not thousands) of other people that share the same name as you. With this in mind, there is a very good chance that someone has already registered your name as a domain if you haven’t secured it already.

Here are two steps everyone needs to follow right now:

  1. See if your personal name as a domain is available
    (get a free domain name with a new hosting account)
  2. If it is, register it! If not, register it as a .net or .org.

If you currently share the name with a famous celebrity, senator, or online marketer, it’s likely your name is already taken as a domain name and there is little chance you will be able to acquire it. This has happened to some of the world’s biggest celebrities, athletes, entrepreneurs, and politicians — Justin Beiber (domain name site shown below), Bill Clinton, Johnny Depp, and many others. 

Don’t miss out on registering your personal name as your domain name, as once it’s gone — it’s likely gone forever! If you currently have close friends and family, you might want to check for their names as well.

If your domain name is already taken, it’s not a complete dead end. Here are a few options you have:

  1. Use a domain name expiration service like NameJet or Pool
  2. Hire a domain broker to try and get the domain for you
  3. If there is a website, contact the domain owner

Want to get even more creative? Start registering the names of anyone else you know, or who might be an up and coming star, and keep them safe until they are famous and world renown!

Get a Free Domain Name with All Hosting Accounts

Now that you’ve seen some of the most expensive domain names in the world today, and why it’s so important to register your name as a domain, it’s time for you to take action.

We are currently partnered with Bluehost — one of the world’s most trusted and well-known hosting companies — and they are giving away a free domain name to all hosting sign-ups made through our blog. At the same time, users will also save 60% off their hosting plans, while getting a free SSL certificate, WordPress Install, and 24/7 support.

Click here to perform a free search for your domain name.

After setting up your new domain name and hosting account through the link above, be sure to shoot me an email. I’d love to provide you with full access to some of my best online training courses and video guides, valued at over $1997. I’m looking forward to hearing from you soon.

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5 Easy to Use Websites and Apps for Making Money through Side Hustling

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Side hustling is perfect for when your main income is not being as reliable as you’d thought, or if you need extra pocket money for a large purchase or unexpected bill. Maybe you just want to earn more money? In today’s ‘gig economy’ there are lots of apps that allow you to make extra money doing everyday tasks as people are finding it so easy to outsource what they need help with or would rather not do themselves. Take a look at some of these apps and websites to see how you could get started with a side hustle.

Task Rabbit

This is an app where people can outsource tasks that they cannot/will not do themselves, which could be anything from assembling flat pack furniture to event planning. Just register as a ‘tasker’, add the tasks that you’d like to do for others and set your rates. With Task Rabitt, you can scroll through tasks and accept tasks that work around your schedule. If you have a car, this could give you access to extra tasks like collecting people’s shopping or making deliveries.

Shiply

If you’re already a courier and are often driving around with surplus space in your vehicle, take a look on Shiply for deliveries that are along your existing booked routes. By adding extra cargo to routes you are already traveling along will make your journeys more efficient and will earn you some extra money, too. Take a look at the delivery jobs on offer and make a few bids depending on the space you’ll have in your vehicle on those dates. Others will be bidding too, so don’t be put off if your quotes don’t get accepted straight away – others may have already built up feedback so give it some time to earn a good reputation on your Shiply profile.

Fiverr

Way too many people are focused on the big goal of making millions of dollars online, and missing out on the many opportunities around them. With billions of people now online, it’s more about how to make a few dollars from a lot of people, versus going for a big win and cashing in overnight. Fiverr is an online marketplace with micro-jobs that start off at just $5 each, and scale all the way up to $995 for more advanced gigs. Selling your own expertise and service through Fiverr can definitely make you a lot of money online when done right. For example, a couple years ago I interviewed Joel Young because I loved his video work and knew he was onto something big. Just recently he was profiled on Inc. for generating over a million in sales through Fiverr!

Dog Vacay

If you’ve had pets before, looking after people’s animals while they are away is a great way to earn some extra cash in an enjoyable way. Through the use of Dog Vacay, anyone with a passion for animals and looking to make some money, can do exactly that. Find the app that works for you (or all of them if you like!) get your profile filled out as much as you can, and make sure you put details of your experience with animals and your trustworthiness. Don’t be disappointed if you don’t hear from anyone for a while, the bookings tend to be more popular around national holidays so it might not necessarily be a side hustle you can rely on a regular basis, BUT has the potential for you to become a regular sitter for several homes in the long term. If your clients say you did a good job, encourage them to leave good feedback on your profile to attract more clients.

Capterra

You’ve likely heard of getting paid for taking online surveys and submitting user reviews, however, most of the sites out there are junk and will sell your personal information way before you ever get a payment. One of the best-incentivized review sites out there (that I’ve seen), is Capterra. I was actually using the site to leave a genuine review for a company that I use, then I received an email a few weeks later from Capterra offering a gift card if I was to continue reviewing difference products and services on their site. I ended up taking them up and got a $100 gift card for my time — all through email and was super easy to complete. Definitely one of the best compensation-based review sites out there.

How to Find the Best Way to Make Money with a Side Hustle Online

As you can see, there are plenty of legitimate ways to make money online with a side hustle. Each of the sites above are real and have paid out millions of users on their platforms.

Of all the many different ways to make money online, I highly recommend starting out with a blog and growing it out with your own content and using affiliate marketing to generate revenue in the process. Blogs are also great for anyone with an expert or skills they are trying to sell — especially freelancers.

To get started with a blog of your own, be sure to sign up for my free video series at 7DayBlogChallenge.com.

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Hi, I’m Zac Johnson

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