Are you Anna Alexandrovna, a professional trader, author BinarOption.com site
Absolutely every person sooner or later confronted with the topic of personal finance management. You know, what distinguishes successful and wealthy people from the losers, who need the money? The first is proper management of your personal finances! If you want to link their lives with trade binary optionsthen personal finance management secrets you will also be useful. This will help you to determine for yourself the correct amount of the deposit and to determine the minimum amount of investment in the deal. In the case of a bad day in the trade, you can stop in time and not lose money.
In this article I will share with you my secrets and I tell you how I see the right personal finance management. Well, we can start.
1. Keep a journal of personal finance accounting. You can not control your finances without seeing the overall picture of your finances. Thanks to the entries in the personal finance journal, you can sit down and analyze where your money goes and where your capital comes from. Home accounting will show articles of income and expenses of your personal finances, which change in dynamics. A small magazine with detailed statistics will show the initial picture of your financial affairs, from which you will build on in the future. Journal of personal finance accounting, is the foundation for the proper planning of your capital.
2. Prescribe set clear financial goals. Everyone should clearly understand and see what he needs money for, what life goals a person sets for himself. Your financial condition will directly depend on it. If you come to binary options, then for sure you set a goal to earn money or increase your capital. Therefore, develop a clear strategy, by which you will go to your goal. When trading binary options, put a daily frame in front of you. Determine how much you should earn on trading options in a day. In case of an unsuccessful day, consider how much maximum you can lose so that it is not critical for your budget. The planned financial flows will allow you to achieve your goals.
3. Plan not only personal finance, but also the family budget. In addition to the global financial challenges posed in front of people, do not forget about the local problems that are already in front of you. Calculate all your necessary expenses that would be required in the near future. Because of this you will be able to determine for themselves the amount that you can easily invest in their trade.
4. capital increase. Here to the person who chose trading on binary options with his work, definitely lucky. Thanks to his work, which, what to hide, all traders like, we have enough money to meet a large number of their basic needs and there is still a surplus. A professional trader always knows how to increase his income and what specific actions need to be taken to fulfill the task assigned to him. Therefore, set a task to increase capital, decide how you will solve this task and take specific actions. Remember, between the sofa and the booty, the dollar does not fly by. :)
5. Reduce your costs. The capital increase should take place continuously with control over your spending. Increasing the more complicated process, because in some cases, this is the worse or the better, due to circumstances beyond your circumstances. In terms of control of all expenses much easier. Here, everything is in your hands. Therefore, if you have a difficult financial situation or you can not increase revenue, then enhance your financial situation will help to optimize your expenses.
6. Calculate all the debts. It is clear that the presence of debt, often prevents a person to increase their finances. If you have debt on the development of their business - it's good, but it will pull you down. Therefore, your primary task - to pay as soon as possible with all the loans and credits. Main secret money management, The early redemption of debt. Because of debts, often people begin to study the topic of personal finance management. Although it would not hurt to do it before the borrow.
7. Financial airbag. A certain monetary layer should be not only for traders of binary options, but for ordinary people who care for their financial security. Reserves are necessary for you to secure in case of emergence of force majeure situation. In which case, you will not turn off the tasks set for yourself, but continue to go further to the goal. A financial airbag, under a certain scenario, will help you acquire a passive source of profit. After all, this is the so-called free money, which you can afford to invest, not in your main activity.
8. The secret investments. Investment - is the hardest part in the management of personal finances. However, it may be the most significant part in the formation of your capital. By investing in binary options, you can earn a lot more than at the local factory. It became available for everybody With the advent of the Internet, this kind of investment. If you are over 18 years, you can register at Binary Options BrokerOpen your trading account and start trading. This is a relatively easy way to earn money. You do not even need to have a large sum, most brokers minimum deposit is only 250 dollars. But, as elsewhere, there are nuances. Be aware that any trader can learn how to work for the machine in the factory, but not every business can become a trader. Before you begin to trade, I suggest you read my article binary options from scratch.
9. Economic erudition. Podkovannosti in all economic issues inherent to all professional traders. Earning in the financial markets, you will definitely get the feeling of hunger and hunger to all new and useful information. Self-learning and self-development is necessary for your work effectively. From your skills, ability to manage your finances, will depend on your earnings. Do not convey the feeling when you first remove the earned money on the binary options with your card. You want to improve more and more.
My website was created in order to help you make the exchange among the sharks. You will find here my copyright trading strategies, signals tutorials. All the information is useful in that it is checked by me. All information in the article is based on personal experience, time and money. Adds me to your contacts, sign up to my newsletter of new articles. I'm always glad to help you and answer your questions. I wish you much pleasure and profit from personal finance management.