Personal Finances


4 Essential Personal Financial Habits You Should Develop

Everyone could always use some pointers when it comes to managing their finances. Whether it is your finances or your business finances, having a good



6 Techniques for Successful Forex Trading

Being successful at Forex trading is not a given. It takes time, patience, skill and dedication. It’s not something you will be able to do



4 Essential Personal Financial Habits You Should Develop

Everyone could always use some pointers when it comes to managing their finances. Whether it is your finances or your business finances, having a good

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The Top Five Components on Selecting the Best Financial Modelling Course


Are you interested in starting a career in finances? Having a course on financial modelling is probably right up there. But how do you know which courses is the best for what you wish to accomplish? There are so many institutions and courses available, that it can be difficult to choose the best option.

In this article we take a look at the top five components you should look out for when selecting the best financial modelling course.

#1: National and International Financial Statements

Being proficient in financial models is one thing, but being proficient in financial models and statements globally is a completely other thing. Seek out courses that provides you with opportunities to learn and master both these aspects. Not only will this broaden your horizon, but open up a world of career opportunities.

#2: Includes All Types of Valuation

To have a holistic view of different valuation methodologies are ideal when you pursue a career in finances. Be aware that the majority of courses will only focus on the most common type of valuation for example the Discounted Cash Flow Method. Be sure to find a course that covers all valuations as this will provide you with the necessary knowledge and tools to further your career one day.

#3: Balance Between Theory and Practical

Whatever you study, there should always be a balance between theory and practice. This is the case for studying financial modelling too. While studying case studies can be helpful, you need to be fluent in all aspects of financial modelling and know basic concepts off by heart.

#4: Advanced Excel Included

While learning basic excel skills will do the trick, having a grip on advanced excel practices is ideal for a career in financial modelling. Tools to look out for includes pivot tables, charts, scenario building,Vlookup and Hlookup. More advanced courses will however include sensitivity analysis, circular referencing, Macros/VBA, and SQL.

#5: Placement Assistance

Getting qualified is fantastic and a step in the right direction, but be careful to get qualified and stuck with mediocrity. A great financial modelling course will focus on developing your skills and equipping you with the necessary tools to become the best you can be with guidance on how and where to find your dream job.

Now that you know what to look for in the perfect financial modelling course, you’re probably eager to begin scouting for the best schools. Here you will find a list of the best schools in the US that offer financial modelling courses.

Six Fundamental Financial Management Tips for Small Business Owners


If you are a business owner, you probably already know how difficult it is to keep everything running smoothly, balancing your work life with your personal life and ultimately, keep track of the finances. You need to be on top of things at all times, and this includes your cashflow too.

Not paying heed to what is happening in your business’ finances can be detrimental to the future of the business altogether. In this article we’ll give you some handy tips to ensure you’ve got the finances covered.

1. Stick to Budget


Firstly, your budget has to be realistic. Don’t overestimate or underestimate. Once you have a realistic budget, you should always stick to it. The importance of having a realistic budget allows you to have an idea of what you have and what your estimated income may hold.

2. Efficient Admin and Filing


If you’re not one for paperwork, you’d better become one sooner rather than later. Keep all your invoices, statements and other financial documents safe in one place, making sure you’ve got an electronic copy of everything stored somewhere in case of emergency.

3. Don’t Overspend


You may well be tempted to spend money on a new laptop or smartphone for your business, but try to refrain from giving in to those temptations. Your budget will indicate what you can afford to spend on extras and what not. Stick to the budget and avoid financial chaos and calamity for your business.

4. Keep Accounts Separate


Never use one account for personal and business finances. This will ensure everything is kept separate, you get your cut at the end of the month, and you don’t use money you shouldn’t be using. If you consider getting a bookkeeper or accountant, this will make their job much easier at the end of the day.

5. Keep Costs Low


If there is any expense you can cut on, anything at all, do so. If you don’t need a big space for your business, opt for a smaller, more affordable space. If you already own a computer, there is no need really to buy the biggest, flashiest, newest machine out there either.

6. Keep a Tight Grip on Accounts Receivable


Now, there will always be the odd chance that your clients or customers don’t pay. You need to know what is going on in your accounts receivable and follow-up on outstanding payments. If you have too many outstanding payments it can cause the downfall of your venture altogether.

Keeping a tight grip on your business’ finances is a fulltime job and takes discipline and dedication. It will however ensure the success of your venture and ensure you are prepared for whatever happens. If you want to start your business, read this insightful article on which states to avoid and which states is considered the best to start your business in. We wish you all the best in your venture!

Top Ten Benefits You Can Expect from Trading Forex


While trading Forex can have many advantages, it does require skill, knowledge and experience. It is a bit of an art, but you can benefit from it. Keep in mind that there are many different types of trading, and that each has its own set of pros and cons.

In this article we’ll outline the top ten benefits you can expect when you focus on trading on the spot market.

#1: Flexibility

Whether you want to make some money while keeping your day job, or become a full-on trader, the choice is yours. You won’t be limited to a specific amount to be traded or time spent trading.

#2: Access to Information

You can rest assured that you’ll have access to trading information in real-time. Forex trading takes place worldwide, and everyone who trades can have access to transparent market info whenever they need it.

#3: Affordable Options

While investments can be costly, trading Forex is a very affordable option if you want to save money. When compared to other trade markets, Forex offers traders the most affordable options out there.

#4: Always-On Mantra

Forex trade is a 24/7 business that never sleeps. You can trade Forex from anywhere in the world. At any time that suits your schedule best!

#5: Boosts Confidence

When an investor strikes it lucky, he may start increasing his activity which in turn can lead to higher volumes of traffic. This can lead to more investors and ultimately a higher return.

#6: Variety of Options

When trading Forex you have a world of options. You are not limited to trading in a specific currency either, you can invest in multiple currencies or pairs too.

#7: Beginners Get to Practice

If you decide to join the world of Forex trading today, you can create a Demo Account which provides the ideal opportunity to get used to the market. There are no cost or risk involved and aims to educate those who are interested in trading Forex.

#8: It’s Up to You

You have the final say when you decide to trade Forex. If you have a failsafe enter and exit strategy, you know the market and know what you are doing, you will be able to trade as you please.

#9: It can Be Profitable

In comparison with other trade markets, Forex trading provides the maximum leverage. This means you can expect high returns if you know the market and know how to trade like a pro.

#10: Increased Liquidity

Forex being the biggest trade market out there has the largest number of traders in the world. This ensures efficient pricing and eliminates to possibility of price manipulation altogether.

You can now also get real-time market news and updates via your smart speakers too. Get the Street Daily Snapshot and be in the know of all the latest market news on the go.

While trading Forex has advantages, you have to be aware that higher returns means higher risk and higher losses too. Be sure you stay calm and make rational decisions and know your technique and strategy beforehand to make the most of it.

5 Popular Financial Models for Financial Modeling You Should Know About


There are a lot of different financial models used to understand the past financial performance of a company better, comparing it to its competitors and making an estimate on where the company could be in the future. While there are plenty models used, we’ve decided to focus on the top five financial models.

In this article you will learn more about these financial models, how they work and whether or not it’s a good fit for you. Let’s get started.

1. Credit Rating Model

A Credit Rating Model is typically used when a business wants to apply for a new loan. It is based on the Three Statement Model, but includes projections of 3-5 years and takes other factors into account too. A final credit risk score is calculated and based on industry risk score, financial risk score, management risk score and business risk score.

2. Discounted Cashflow Model

This model is used by investors to calculate the value of a business they wish to invest in. It is based on projected future cash flow and aims to evaluate a company’s monetary value. In this model future cashflows are discounted depending on the company’s cost of capital and capital structure and then summarized to calculate the estimate.

3. Three Statement Model

This model is traditionally used by financial service providers to assess a company’s historical financial performance. Three statements are used for the evaluation including a balance sheet, income statement and cashflow statement.

4. Comparable Company Analysis

This model is specifically used to see how a company measures up to its competition. In this model the company’s business and financial profiles are evaluated to establish who the competitors are by way of several different types of financial ratios.

5. Merger and Acquisition Model

This financial model is used when two companies decide to merge for whatever reason or when a company is bought or acquired by another. It mainly entails the consideration of financing options once the merger or acquisition is complete.

Whatever financial model is used will depend on the company itself, the purpose of the financial model as well as why the company needs a financial model. Some of these can be used simultaneously, and each case will require a fresh approach.

6 Techniques for Successful Forex Trading


Being successful at Forex trading is not a given. It takes time, patience, skill and dedication. It’s not something you will be able to do in a matter of seconds, and you’ll need your wits about you too. It requires planning, strategy as well as research and analysis.

If you are new to the game of trading Forex, you are in good hands. We’ve compiled this list of failsafe techniques that will get any beginner started.

#1: Select a Great Forex Introducing Broker

Firstly, you’ll need to get a Forex Introducing broker who offers you the appropriate platform. To achieve this, you’ll need to do some homework and see what is out there and what they have on offer. You should already have an idea of what you want to trade off of, and this should give you an indication on qualities and platforms to look for.

#2: Have an Entry and Exit Strategy

By this we mean you should know what exactly is happening in the market at any given time. Charts can be very confusing if you view a weekend chart showing that it’s a buyer’s market while a daily chart shows the opposite. Always wait for enough information before you decide whether to sell or to buy.

#3: Identify Specific Goals

You need to know exactly what you want to achieve, what your trading technique is and what your ultimate goals are. Remember, it can be stressful especially when you have selected a technique that doesn’t quite gel with your personality. You want to avoid stress and anxiety so be sure you’ve got a grip on your goals ahead of time.

#4: Select and Stick to a Specific Technique

There are a lot of factors you have to keep in mind before entering or exiting any market or even before you start trading altogether. Be sure you understand the dynamics and have a flexible strategy and technique and stick to it. Here you’ll find helpful trading strategies to get started with.

#5: Do Some Research Over Weekends

While the markets are closed, you have the best chance at studying and analyzing them from an objective view. This is essential in planning what you will be doing in the week ahead, and give you some insights on patterns you should be aware of before making your next move.

#6: Have a Hard Copy for Reference

By having a printed copy of charts that map your trade movements you will be able to notice certain trends and be better prepared in future. For instance, if you exited at a point due to fear or anxiety, you’ll be able to make better decisions in future.

While Forex trading is an exciting yet daunting process, it’s something you’ll only get to master once you have a structured approach. Be patient, and don’t let your emotions get the better of you. By implementing any of these techniques you’ll be off to a great start.

Forex Trading Strategies

From Visually.

4 Essential Personal Financial Habits You Should Develop


Everyone could always use some pointers when it comes to managing their finances. Whether it is your finances or your business finances, having a good sense of how to successfully manage your finances is key to financial freedom.

In this article we focus on personal finances and provide you with essential habits to ensure you can enjoy more of your money.

1. Choose Value for Forex Money Items


While it may seem like a good idea to buy the most expensive appliance or items, you are not always going to have the funds to cover it. On the flip side of the argument, you also don’t want to buy an item that won’t last. The balance between the two is shopping around for something affordable, yet durable.  The same thing could be said when it comes to selecting a Forex Introducing Broker.

The key is not to buy cheap Forex products, and not to buy an expensive product on credit from a Forex Broker. You want to have more control on your spending habits, so focus on getting something that offers you value for your money.

2. Take Note of Where Money is Going


Even though everyone knows the importance of having a budget, not everyone is disciplined enough to stick by it. Life can also throw some unexpected curveballs at you at times, making it even more important to track where your money is going.

By having a budget and managing your expenses you will be able to see where your money is going, where you can save and where you can afford to put some extra cash in. You may even be surprised to find where you can start saving.

3. Identify Saving Goals


While it is important to have a retirement savings plan, a nest egg of sorts, and life insurance, you should also be able to put some cash away for emergencies. Or for bigger specific goals like buying a new car or doing renovations around the house.

This is a great habit to have and will allow you to be financially independent through Forex trading. While others would borrow money for certain things, you will already have that lump sum to work with. Set specific savings goals and stick to them by holding yourself accountable.

4. Pay Debts and Bills in Advance


Why wait to pay interest on your credit cards and bills if you have the cash to pay them ahead of time? This is a fantastic mantra to ensure you make the most of your earnings and allows you to have better control when selecting a Forex Introducing Broker on what you end up spending.

While most people would rather wait till last minute or that first bill to arrive to settle the debt, this can be a huge drain on your income. By paying bills in advance, you won’t have to pay extra or be subject to spending money elsewhere before paying debts and not being able to do so.

Being saving savvy takes some patience and effort, but you will only reap the rewards at the end of the day. Need some more tips? Read this article on 12 clever ways how to spend $1,000.