Published on: 05 February 2020
Last Updated on: 12 May 2021
If you want to know how to make money from Cryptocurrency then you must know what is cryptocurrency. The cryptocurrency market is much stronger than any stock market which is beneficial to the traders and the casual investors in the industry. Cryptocurrency trading provides the perfect opportunity for making money in the market. The innovations and market of cryptocurrency have steeped the zenith in the market and very soon will be taken over by the bots. So it becomes important for you to know how to choose a correct Crypto Trading Bots and which are the best crypto trading bots of 2020.
Parameters of Choosing the Correct Crypto Trading Bot
Choosing the correct crypto trading bot is the most important aspect. Since now bots will be taken over the cryptocurrency trading, hence one must wisely choose the correct bot.
The first parameter which must be considered while choosing a crypto trading bot is the reliability of the bot.
The second factor that must be checked in the bot is the security of the bot.
The third factor must be the profitability of using a particular cryptocurrency bot.
Transparency of the bot is another major factor that must be checked before finalizing any.
Last but not the least, the bot must be easy to use. The user must be friendly with the usage of the bot.
Top 3 Best Crypto Trading Bots
There are many bots available that are associated with cryptocurrency trading but one must know which are the best Crypto trading bots. Choosing the correct bot is very important hence the top 3 best crypto trading bots have been introduced here.
Cryptohopper
Cryptohopper is relatively a newer bot in the crypto trading market. But this new bot has caught the attention of many users with the new technical features that it comes with. One of the major drawbacks of most of the trading bots is that they might only run on the local machine which means that they will run when your PC is turned on by you. This bot uses cloud technology to keep the bot running 24*7.
3Commas
Another interesting crypto trading bot is 3Commas which has gained popularity in very little time as it provided a lot of users with a lot of gains. This bot has a unique feature that separates it from other bots that are this bot has the ability to trail any crypto market. This feature helps the bot to close the trade at the most profitable position. This bot also allows users to trade with multiple cryptocurrencies at the same time.
Kryll.io
Innovation is their weapon and they have utilized their capability to the ultimate level to make people realize that the best way to crypto is trading. They have redefined the definition of cryptocurrency. The core feature of this bot is you can create your own strategy here and not blindly follow any automated strategy.
Conclusion
Apart from all the advantages and benefits brought in by crypto trading bots, it also brings in some disadvantages. We can say that this is not very suited for new traders. It also requires constant monitoring, and not all the bots would be equally secured. Kow you may choose the correct bot for yourself.
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Selecting an independent insurance agent is a critical decision that can greatly impact financial well-being.
An insurance agent can offer guidance and protection for your most valuable assets. Therefore, finding the right agent can be overwhelming, specifically when considering the myriad options available.
Since insurance is a complex field, having a trustworthy agent is crucial when considering getting the required coverage.
In this article, you will discover the top reasons for selecting an independent insurance agent.
List Of Top Reasons To Select A Local Insurance Agent
Below is a list of reasons for selecting a local independent insurance agent.
1. They Give You A Choice
Independent insurance agents represent several insurance companies offering different price points and wide coverage options. Most of them sell to five to eight different insurance companies on average.
Thus, there is no requirement for you to accept one quote from one company, and you do not have to spend long hours filling out online applications.
Similarly, with the agent’s connection and expertise, the agent will be able to find better insurance than you might find for yourself.
Hence, they will find you the right blend of coverage, price, and services.
2. Are Personal Advisers
The agents will not only help you find the right competitive pricing, but they will also make sure that you are adequately covered.
Thus, when you work face-to-face with an agent, it becomes your source of personal advice. Furthermore, they also take time to listen to your query and understand your individual needs.
Moreover, a local insurance agent will assist you to be appropriately covered and avoid ending up insurance-poor or suffering a loss. Visit the website and hire the best professional to meet your needs.
3. They Are Licensed Experts
Independent agents can assist you in explaining the complexities of insurance in simple terms, helping you make smart moves.
Moreover, the agents will help you make a career out of assessing your insurance needs and matching them with the insurance carrier that will be best equipped to meet those needs.
Therefore, if you are working on wills, you are likely to visit an attorney and ensure that documents are drawn up correctly.
So, remember to seek advice from a licensed insurance professional to protect your property and vehicle properly.
4. Are A Consultant For Lifetime
Independent insurance agents periodically review your coverage. Similarly, they also help you through all the changes in your life. For instance, if you are moving from a rented house to an apartment, if you are about to get married, or if you are adding drivers to your auto policy.
Furthermore, if you have a claim or bill concern or want to resubmit your coverage, the agent will be there to advocate for you and work with the insurance company on your behalf.
On the other hand, the agents will direct you while deciding what coverage and limits you need to protect your family from. Thus, they offer you a lifetime service and advice.
5. Vast Expertise And Experience
Independent agents have vast expertise and skills as they are aligned with different companies. With a deeper understanding of the complexities of insurance policies, the agents will guide you in making informed decisions.
So, ensure you look for an agent that will offer you a proven track record, relevant certification as well as a commitment to stay updated on the latest industry trends.
Therefore, one of the major reasons to select an independent agent is that they will help you navigate the insurance techniques and meet your specific needs.
6. Extensive Product Knowledge
As product knowledge varies widely from person to person, an independent agent offers accessibility and responsive solutions whenever you inquire.
On the other hand, if you seek home, vehicle, life, or business insurance, the agent can explain every policy detail. Similarly, they will also help you with your coverage limits, exclusives, and deductibles.
Therefore, they will help you adapt to customized insurance packages that fit your unique requirements. Hence, the agent will help you select the right coverage and explain the implications of different policy options.
7. Easy To Communicate
Effective communication is important when it comes to insurance. Thus, an independent agent will help you access and be responsive to any of your queries.
This is one of the primary reasons for selecting a local independent agent.
Furthermore, if you prefer communication through phone calls, in-person, and emails, the agents ensure that their communication aligns with your understanding and preference.
Clear communication is important during the claim process, so select a transparent and prompt independent agent. In addition, the agents also make the entire insurance experience less stressful and smoother.
8. Offers Financial stability
An often-overlooked aspect of selecting the right insurance agent is considered based on financial stability.
Thus, the financially stable insurer is likely to fulfill the obligations in a claim.
However, it is important to research the strengths rating of the insurance company and find out about the claim's payment history.
Thus, an independent agent is financially secure as they can withstand economic fluctuations and offer long-term stability for your coverage.
How Will You Find The Right Insurance Agent?
Here are a few tips that will help you navigate the process and find the ideal insurance agent:
Check the list of companies the insurance agent represents. Similarly, understand the difference between the two and who can determine which type of agent suits your needs best.
Seek referrals from family and friends.
Take benefit of a wealth of information available on the internet. It will give you information about the agent’s professionalism and responsiveness.
Choose an agent who gives quick responses, is easy to communicate with, and can explain complex terms.
Assess the insurance agent’s commitment to customer service.
Lastly, trust your instincts. Moreover, it is better to keep searching if something does not feel right.
Summing Up
Thus, remember that your relationship with a good independent agent is likely to last a longer time. So, take your time and choose the right one.
Similarly, there are many ways to assess a good insurance agent. The top reasons are a good starting point.
However, take your time to evaluate these factors, and you can make an informed decision that aligns with your insurance needs and offers you confidence in your coverage.
So, work with an insurance agent who can help you with social transactions and will be a long-term partner in securing your financial future.
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Gold has been in existence for many years and its market has been quite stable. Unlike other assets, it is not volatile and doesn’t fluctuate. It can also give huge returns when held for a long time. In this article, we will explore the benefits and methods of investing in yellow metal.
Benefits of Investing in Gold
The benefits of investing in gold are:
1. It Holds Value
Unlike paper assets, gold is an age-long method of storing wealth. It maintains its value for a longer period. It is the complete physical qualities of Gold that make it highly esteemed. For instance, it is resistant to corrosion. Goldsmiths can work on the metal and turn it into different articles.
2. Serves as a Hedge Against Economic Instability
Gold is well known to protect wealth against inflation. During periods of economic downturns, currencies might be devalued but with gold, things are different. Its value will never become zero. In the past, we saw stocks rise and fall, but gold prices soared because people buy more gold when they anticipate economic instability.
3. Protects Against Political Instability
When there is a political crisis, governments place stringent measures to increase revenue. For example, they may stop people from accessing the money in their accounts. But if you own physical gold, you can always collect it and move to another country.
How to Invest in Gold
The following are smart ways to invest in gold:
1. Physical Bars and Coins
Unlike other commodities, investors can easily access gold in the form of bars and coins. They can buy them from brokerage firms, banks, or online bullion dealers. Bullion bars come in a brick of 400 ounces or a quarter of an ounce wafer.
When buying coins, you need to be sure of what you are purchasing. There are regular coins and vintage numismatic commodities that are priced based on how much gold they contain. However, if you intend to sell your assets quickly, stick to coins that are in circulation. These include the Canadian Maple Leaf, South African Krugerrand, and the American Eagle.
Another important point to note when buying physical bullion is the dealer. Whether you want to buy from an online dealer or a physical store, ensure the dealer is reliable. Also, make sure you get insurance for your bullion because you need to keep them safe. You can read this article to learn how to secure your bullion.
Additionally, you can invest in jewelry. Many people enjoy wearing gold jewelry, so they can show off their wealth to friends and onlookers. These pieces of jewelry could be combined with silver, platinum, or precious gems to improve their aesthetics, making them more valuable.
In some families, pieces of jewelry are passed down from one generation to another. As a result, the sentiment that family members attach to the pieces increases down the line even beyond the real value of the jewelry. If you are looking to invest in gold jewelry, make sure you know the purity level of the commodity.
For instance, if you are paying for 24 karats, be sure that the dealer is not selling 18 karats pieces to you. Many insurance policies cover jewelry. So, make sure to insure your precious pieces in case they go missing.
2. Gold Funds
If you do not want to go through the stress of owning physical bullion, you can invest in gold funds. These include ETFs (exchange-traded funds) and mutual funds. These funds follow the price movement of the metal and are traded on the Stock Exchange like stock.
Some ETFs offer shares that are equivalent to a tenth of an ounce of gold. So, if the yellow metal trades at $1200 per ounce, each share will be approximately $120. Some ETFs invest in physical precious metals on behalf of investors, giving them exposure to gold’s price movements. Others invest in both bullion and shares of companies involved in mining and refining precious metals.
Usually, stocks fluctuate faster than gold’s spot price. Also, companies may be affected by political, economic, and environmental problems that are not related to the price of bullion. However, these should not discourage you from investing in gold funds.
ETFs have the potential to appreciate than when you invest in physical bullion. You can check out https://www.thebalance.com/ to get more information about ETFs.
3. Stocks of Gold Mining Companies
Investors who cannot access physical precious metals can invest in stocks of gold mining companies. However, you should know that these stocks do not move with the prices of gold. This is because the success or failure of a mining company depends on its management. This affects how the company utilizes funds and makes profits. Therefore, if the company is unsuccessful, you can’t lay claim on the metal.
Which Gold Investment Method is the Best for Beginners?
There is no best way to hold gold because each method has pros and cons. However, you may want to consider investing in physical gold through a self-directed individual retirement account or a precious metal IRA. This gives you a tax advantage because you won’t pay income tax on your assets until you want to withdraw. Usually, distributions are allowed during retirement or as soon as you attain fifty-nine and a half years.
Precious metal IRAs are good for long-term holdings, thereby, increasing the value of your investment. For instance, if you purchased bullion at $1000 per ounce before you retire, the price may have tripled. But you must make sure the IRA custodian you choose is reliable. Reading reviews like the USAGold review will help you make the right choice when selecting a company to invest with.
Gold investment is purely based on speculation, which is not outrightly bad. But you do not need to fill up your portfolio with only one type of asset. It is advisable to have about 4 to 5 percent gold investment in your portfolio to balance the other classes of assets you may already own such as stocks, bonds, and mutual funds.
Read Also:
Mutual Funds Vs Stocks: Which One Is The Best Option For You
How To Start Your Investor Journey: 5 Credible Options To Explore
Which Type Of Portfolio Might A Young Investor Who Is Not Afraid Of Risk Choose?
What Investors Should Know about Investment in Gold and Silver Assets
Healthcare costs are skyrocketing, and this era is also witness to relentless medical inflation contributing to increasing concern.
Concern regarding what? You may ask. The concerns regarding the finances and ourselves are taking the wheel. Each year, people and their families struggle to navigate the complex health insurance structure. They are often face-to-face with pitfalls that drain their finances. This, in turn, compromises their health and well-being.
The only fitting way to combat this is through proper knowledge and foresight, which can help avoid common insurance mistakes. Financial and health stability should also be kept in check.
The following article will explore practical ways to avoid these pitfalls and secure a healthier, brighter future.
Common Mistakes When Buying A Health Insurance Plan
When you think of buying health insurance, there are high stakes you may miss. Overlooking key details or inadequate coverage can cause significant financial strain compromising healthcare. Unfortunately, several individuals often find themselves in traps, which may be due to an oversight or a misunderstanding.
The following section will dissect some of the most prevalent health insurance mistakes. It also provides insight into each of these mistakes, guiding ways to avoid them:
Insufficient Coverage
One of the biggest mistakes you can make is choosing health insurance with insufficient coverage. It is common for the desire to save on premiums to drive our decisions; however, as an individual, you may choose plans that provide limited protection. There have also been cases where individuals have unexpected medical expenses, leaving them vulnerable.
Thus, it is important to carefully assess the healthcare needs, including future scenarios, before selecting a plan that provides adequate coverage. These should include surgeries, hospitalization, specialist consultations, and medications.
Avoiding A Comprehensive Cover
This is another common mistake that has been seen in recent times. Not choosing a comprehensive health insurance plan can make you miss out on coverage of potential medical emergencies. Some health insurance plans with basic coverage will not even consider chronic conditions that can have significant effects.
Comprehensive plans, if the name did not suggest so, offer broad coverage such as preventive care, maternity benefits, and mental health services, among others. Choosing a broad coverage plan gives us peace of mind that we’ll be protected against unforeseen health circumstances.
Not Disclosing All Medical Conditions.
Failing to disclose or hide pre-existing medical conditions during the application process can lead to serious consequences. The insurers depend on specific information that allows them to evaluate the risks, thus determining premiums.
Some of the dire consequences of obscuring medical information include:
Denial of claim
Policy cancellation
So, being transparent while applying for health insurance will only help you reap the benefits in the long run. This is helpful when you want to ensure complete coverage while also avoiding any complications when the time comes to claim the policy.
Overlooking Terms And Conditions
Shockingly, a significant number of policyholders make the mistake of ignoring the fine print on their health insurance policy. The fine print contains terms and conditions that lead to misunderstandings about crucial information such as the coverage limit. This can also include waiting periods, exclusions, and claim procedures.
Thus, it is very important to review the policy document, seeking clarity on any ambiguous terms and understanding the coverage scope and limitations. You will also learn about your obligations as a policyholder.
Not Comparing Plans
One of the most critical errors you can make while purchasing a health insurance plan is choosing the first one you see. When buying anything, it is best to compare before you finalize your decision.
Why should something as important as a health insurance plan be neglected? An insurer offers different coverage options, deductibles, and premiums, along with network providers. Missing out on comparing different health insurance plans can cause you to lose benefits that would suit you better.
You must take appropriate time to research and compare the different policies available. This way, you will be able to compare important factors such as coverage limits, cost, network size, and customer reviews. Lastly, comparing plans can prevent you from overpaying for coverage.
Insufficient Research
This continues on the point of missing benefits as one of the results you want to avoid. If you rush to buy a health insurance plan without sufficient research, you can have serious FOMO later. You must research different insurance providers and learn more about their reputations through reviews and financial stability. You should also look into their customer service track record.
Research also helps you learn about the types of plans available, such as PPOs, HMOs, and high-deductible plans. This way, you can make an informed decision that aligns with your budget and preferences.
Missing Cashless Hospital Networks
The availability of cashless hospitals should be missed as it will be a huge oversight on your part. Missing this during a health insurance plan purchase can seem like a huge loss later. Choosing a policy without verifying the network of hospitals with cashless treatment as an option can prove to be inconvenient for you. This can put pressure on you during an emergency as it will push out-of-pocket expenses.
Thus, you must check for the availability of cashless hospitals in its network. Having reputed hospitals in or near your area will be a bonus. This allows you smooth access to quality healthcare that does not pose the problem of upfront payment. Additionally, reimbursement claims too.
Therefore, you must check if your insurer has a network that also boasts of cashless hospitals. This will help you avoid strain on your finances, reducing your worries.
Purchasing Only In Old Age
Despite being a common practice, health insurance purchases should not be postponed to old age. Aging is a natural process that brings about many changes in the human body. Several health issues pose a challenge in acquiring good health insurance.
Waiting until health problems arise will result in higher premiums because of pre-existing conditions, and it may also introduce exclusions.
Thus, you are advised to invest in a health insurance plan as early as possible to enjoy lower premiums and more accessible coverage. This further ensures comprehensive protection for life.
Conclusion
Health insurance plans can be complex, and you must make informed decisions to find peace of mind and financial security. This article highlights all the key areas you must take care of, prioritizing comprehensive coverage, thorough research, and transparency.
Buying a health insurance plan? Remember that the right choice will help you live a wealthier and healthier tomorrow.
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