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Are you trading option? If so, there are various strategies you can use to improve your odds of getting a positive ROI. Below are three bullish trading options you can use:
Note: To successful apply any of the three strategies below, you will first need to sign up with one of the best online stock brokers in the market.
Bull Call Spread – Buy ATM (lower strike price) Call and sell OTM (higher strike price) Call with 45 days or greater until same expiration date in moderately Bullish markets that are trending up.
Bullish expectations for the underlying asset.
Pay no more than $2 for a $5 spread, and $4 for a $10 spread, including commissions.
– Close position if it falls to 60% of purchase price.
– Close position 30 days to expiration.
– Evaluate position at 90-100% profit.
If you are still Bullish, close 50% of position to take your money off the table.
Close out the remainder of position at 75% – 80% of maximum spread.
Profit & Loss Calculations
Maximum Risk – Limited to the net debit paid for the spread
Maximum Profit – Limited to difference in strike prices … Read the rest
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Saving When You Send Money Overseas
There are many different ways to send money overseas. One well known option is the Western Union Money Transfer service. It is an example of the popular Cash Collection type of service, where the sender pays cash over the counter and the recipient abroad collects the money over the counter soon afterwards.
Another sending money overseas is through currency exchange. For example, you can sell Bitcoin for Paypal to get funds quickly to your loved one’s Paypal account.
While the Cash Collection type of service has many advantages, it is usually the most expensive method.
If you choose a method of sending money overseas carefully, you may make considerable savings. However, there is more to making the right choice than just getting the best exchange rate, or lowest fee. Factors such as availability, ease of use, security, speed of delivery, means of delivery, choice of currencies, set-up lead time, and sending and receiving limits are often just as important. Such factors should be considered when you want to engage in any transaction, even if you want to exchange PayPal to Perfect Money.
Important Terminology You Should Know
“Official” Exchange Rates
People often use … Read the rest