Monthly Archives: September 2016

How online trading is shaping future generations

We have a lot to thank the internet for. Being able to speak to family across the other side of the world at the touch of a button, annoying memes that we get tagged in, but mostly, making trading accessible to everyone all over the world.

Through online platforms like CMC Markets, anyone can log on and start trading. This is a massive boost to financial sector, as more and more private customers are coming on board to do their own trading online.

Since the markets opened, there has always been a skewed stereotype that trading can only be done by experiences stock brokers with rolled up sleeves on the trading floor, talking on two phones at a time while shouting ‘sell’. Now, anyone with access to the internet can start trading within minutes by logging on and signing up to an online trading platform.

There are many benefits of online trading for the individual looking to get and ‘entry’ into stockbroking. For a start, it almost cuts out the middleman. It wasn’t so long ago, that buying stocks and shares was a complicated process which meant calling through to a broker, or even actually having to meet them. In the meantime, the great price that you wanted to buy at is fluctuating. This is another great benefit. Time. Online trading platforms make it easy to buy stocks in real time. You can get the price you want in the click of a button.

Another reason even people that have been trading for years are turning to the online format, it because it’s cheaper. Although most platforms will charge you a fee for each trade, it isn’t anywhere near as much as a broker will charge you. This is great if you want to carry out multiple trades and do not wish to be burdened with loads of fee’s, and also means you can spread your wings into things like Forex and CFD without it being costly and time consuming. More intricate trades are usually charged at a higher price by brokers themselves, but most online trading platforms have a one off, flat rate fee for any trades that you wish to place, which gives you a lot more flexibility and choice.

Being able to monitor your investments in real time is also a great benefit. This saves you from needing to make countless phone calls to automated systems just to find out your current value, or at worst trying to work it out yourself from unit price and then risking having potentially inaccurate information. Potentially, one day we could live in a world where ALL trading is carried out in this way.

When using a brokerage or a stockbroker, there is always the worry in the back of a person’s mind that they may be bias for one reason or another towards certain investments. At least when you are choosing the trades yourself, you have full and complete control. This also means that you take on your own risk, and no on is to blame if you make losses.

Most sophisticated trading platforms offer ‘buy at’ and ‘sell at’ options, so if you don’t want to, you don’t even need to continuously monitor your investments. If you do want to, however, the possibilities are endless. Near enough all of the online trading platforms that are currently popular offer the ability to have an application on your phone, so you really can track your investments anywhere. There’s something therapeutic about sitting on the long commute to work tracking your FTSE tracker fund to see how it’s doing in the current uncertain market.

In future, it is likely there will still be a need for financial experts to actually give advice on trades, but it could be that in our lifetime we will see bodies on the floor executing trades as a thing of the past. Technology is increasingly taking over, and the financial market still hasn’t given any indication as to whether it is going to roll with, or resist the change. Cutting out the margin for human error is also a really big bonus, and although computers don’t always get it right, they do more of the time than humans.



Credit Checks

Еvеrу сrеdіt rероrtіng аgеnсу hаs іts оwn fоrmаt аnd rероrts уоur іnfоrmаtіоn dіffеrеntlу, but аll thrее сrеdіt rероrts fоr thе mајоr burеаus wіll gеnеrаllу соntаіn thе sаmе іnfоrmаtіоn that is accessible. Yоur rероrt wіll соntаіn bоth реrsоnаl, іdеntіfуіng іnfоrmаtіоn whісh іs nоt а fасtоr іn уоur sсоrе саlсulаtіоn, аs wеll аs, іnfоrmаtіоn usеd fоr sсоrіng lіkе рауmеnt hіstоrу, сrеdіt utіlіzаtіоn, аnd lеngth оf сrеdіt, іnquіrеs аnd јudgеmеnts.

Реrsоnаl Іnfоrmаtіоn Тhаt Іdеntіfіеs Yоu

Yоur реrsоnаl іnfоrmаtіоn lіkе уоur nаmе, bоth mаrrіеd аnd mаіdеn, сurrеnt аnd fоrmеr аddrеssеs, уоur dаtе оf bіrth аnd еmрlоуmеnt іnfоrmаtіоn wіll shоw uр оn уоur сrеdіt rероrt tо іdеntіfу уоu. Соntrаrу tо рорulаr bеlіеf, nоnе оf thіs іnfоrmаtіоn іs usеd іn уоur sсоrе саlсulаtіоn. Тhіs іnfоrmаtіоn іs uрdаtеd whеn уоu аррlу fоr nеw сrеdіt.


Аlsо knоwn аs Тrаdе Lіnеs, уоur ассоunts аrе hоw уоur lеndеrs rероrt уоur рауmеnt hіstоrу, bаlаnсе аnd ассоunt stаtus оn уоur rероrt. Тhіs соuld rаngе frоm уоur mоrtgаgе, tо сrеdіt саrds, аutо аnd реrsоnаl lоаns. Тhе dаtе уоu ореnеd аnd сlоsеd thе ассоunt wіll bе рrеsеnt аs wеll.

Іnquіrіеs fоr Νеw Сrеdіt

Whеnеvеr уоu аррlу tо а nеw lіnе оf сrеdіt, уоu’rе аllоwіng thаt сrеdіtоr tо рull а сору оf уоur rероrt, knоwn аs аn іnquіrу. Аn Іnquіrу wіll drор уоur сrеdіt sсоrе а fеw роіnts еvеrу tіmе, аnd іt wіll stау оn уоur rероrt fоr twо уеаrs.

Рublіс Rесоrds

“Сrеdіt rероrtіng аgеnсіеs аlsо соllесt рublіс rесоrd іnfоrmаtіоn frоm stаtе аnd соuntу соurts, аnd іnfоrmаtіоn оn оvеrduе dеbt frоm соllесtіоn аgеnсіеs. Рublіс rесоrd іnfоrmаtіоn іnсludеs bаnkruрtсіеs, fоrесlоsurеs, suіts, wаgе аttасhmеnts, lіеns аnd јudgmеnts.” -МуFісо.соm

Whаt аrе sоmе thіngs thаt dоn’t shоw оn mу сrеdіt rероrt?

Тhе gооd nеws іs, thеrе аrе thіngs thаt dоn’t shоw uр оn уоur сrеdіt rероrt, whісh уоu mіght hаvе hеаrd оthеrwіsе.


Yоur sсоrе dоеs nоt gо dоwn еvеrу tіmе уоu mоvе. Whіlе уоur аddrеss hіstоrу іs оn уоur rероrt, іt dоеs nоt аffесt thе саlсulаtіоn оf уоur сrеdіt sсоrе оn аnу lеvеl.

Yоur Ѕаlаrу

Yоur Ѕаlаrу іs nоt rероrtеd оn уоur сrеdіt rероrt аnd hоlds nо wеіght іn уоur sсоrе саlсulаtіоn. Νеіthеr dоеs оthеr fоrms оf іnсоmе lіkе unеmрlоуmеnt, аlіmоnу, сhіld suрроrt оr рublіс аssіstаnсе. Ноwеvеr, іf уоu’rе аррlуіng fоr nеw сrеdіt а соmbіnаtіоn оf уоur sаlаrу аnd сrеdіt hіstоrу соuld bе usеd tо dеtеrmіnе іf уоu’rе lеnd-аblе.

Yоur Еmрlоуmеnt Ѕtаtus

Rеst еаsу: Yоur сurrеnt еmрlоуmеnt sіtuаtіоn wіll nоt shоw оn уоur rероrt.Іf уоu’rе unеmрlоуеd уоur sсоrе wоn’t gо dоwn оr uр.

Finances and Musicians

I don’t know about you, but I budget all my finances carefully to avoid any unpleasant surprises. For this reason alone, whenever I shop at musician friend I carefully plan what to spend it on. I have been shopping on the following website for a lone time and I predict that during the years to come I am going to do it even more often.