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Foreign exchange fraud is a collective term referring to any scheme that intends to defraud traders through deception, convincing investors of high returns by trading on the forex market. In essence, the foreign exchange market is a zero-sum game, wherein one person experiences gains while another suffers from losses.

We all know by now that online investments are pretty risky. This is especially true in the foreign exchange landscape. There is an abundance of forex scams online, initiated by scammers who get their confidence from the Internet's anonymity. Identifying a scam from a legitimate forex trading activity is imperative to protect yourself from financial ruin.

Aggressive forex brokers

Recovery from a forex scam can be arduous and slow for its victims. Before you become one, it is best to recognize the typical warning signs. Legitimate forex traders are not aggressive when marketing their expertise or service to prospective investors. On the other hand, if a few forex brokers or companies persistently contact you whom you do not know personally, it is best to proceed with caution. If you are interested in forex trading, seek references from people you know.

Exaggerated claims of high returns

A classic indicator of a forex fraudster is exaggerated claims of massive returns on modes investments. It is most likely a scam if you are promised guaranteed high returns. The success of your investment is highly dependent on a highly volatile market. You may receive returns quickly, or you may not. But a company that purports consistently high returns is giving you false claims because it is not feasible in the foreign exchange trading market.

High spread offers

The standard spread ranges between two to three points in USD/EUR. Be cautious when approached by a forex trader that offers up to seven points spreads. Bear in mind that major currency pairs have a price of four decimals.

Use of complicated jargon

Forex scammers take advantage of their knowledge of the forex exchange market by using complicated jargon when preying on their victims. Terms like risk disclosures and terms of use are often used to limit their liability should investors suffer losses along the way.

Withdrawal restrictions

If you are attempting to withdraw funds from your account and cannot do so, it might be time to start worrying about your investment. If a broker provides you with a vague explanation or unclear apology when this happens, you need to re-consider your investment, or better yet, pull out before losing more money.

Blacklisted broker

Avoid brokers who fail to provide you with the proper credentials at all costs. You want a trustworthy person to manage your account. Do due diligence and check out regulating bodies to verify if a forex broker has a good legal standing in the foreign exchange market.

Conclusion

It is recommended to partner with a regulated broker with a well-established reputation, flawless track record, and has positive feedback from previous and existing investors to avoid becoming a victim of a foreign exchange trading scam. While the allure of quick returns is hard to dismiss, it is best to err on the side of caution and be more thorough in your vetting process.

Fintech companies are on the rise, with more and more people using them to manage their finances. The international fintech market is projected to grow rapidly, reaching a value of about $324 billion by 2026. It will develop with compound annual growth of approximately 25.18 percent between 2022 and 2027.

This skyrocketing growth prediction shows the relevance of fintech companies in the current world. These companies are also under constant pressure to develop new tech and services. And while creating these services, they need to safeguard customers' data.

This article will help you comprehend the reasons behind the increasing need to prioritize privacy in the fintech industry.

What is data privacy?

Data privacy is the degree to which individuals should be allowed to access, possess, use, and share information. For example, you wouldn't mind sharing your name with a stranger while making an introduction, but you would not want to do so until you've gotten to know one another better.

Furthermore, when sensitive data enters the wrong hands, things can go wrong. A data breach at a government office, for example, might result in sensitive information being released publicly. A data security incident at a school might jeopardize students' personal information, which could be used to commit identity theft.

Therefore, the risk of losing data is everywhere, and each sector must take action to eliminate this. If privacy is breached, the company will suffer financially and reputationally. But the good thing is that consumers are more aware of their data privacy rights than ever before and are vocal about when their privacy is violated.

Why do fintech companies need to prioritize privacy?

This is the digital age, and one cannot forget that the number of hacking cases is increasing every year. The attacks on big companies like Equifax have made it clear that no company is safe from cybercrime.

Besides the risk of cybercrime, fintech companies also need to prioritize privacy to protect their users from other dangers. For example, if a customer's data falls into the wrong hands, it can be used for blackmailing or identity theft.

Users themselves show incredible interest in security and privacy-focused options online. They might drop certain services if their operation or track records seem invasive.

For one, more privacy-conscious people choose to download VPN apps to minimize their digital footprints. A Virtual Private Network protects data exchanges online by encrypting internet traffic. Thus, users connect to VPNs when making financial transactions online. It gives users peace of mind and more confidence to conduct business online.

To comply with regulations

One of the main reasons fintech needs to prioritize privacy is to comply with regulations. Financial institutions have always been subject to stringent regulation, and fintech companies are no exception. They need to ensure that all customer data is protected and secure. It is particularly crucial considering recent data breaches suffered by Capital One.

To protect customer data

Another reason why fintech needs to prioritize privacy is to protect customer data. As mentioned above, financial institutions are subject to stringent regulations to protect customer data. Fintech companies need to ensure that all customer data is protected from unauthorized access, use, and disclosure.

To protect the company from liability

If a fintech company doesn't take the necessary precautions to protect user data, it could be held liable for the damages or losses suffered as a result. It could include financial losses, loss of business, and damage to reputation.

To build trust with customers

One of the main reasons fintech companies exist is to build trust with their customers. If customers don't trust a company to protect their data, they are unlikely to do business with it. Trust is essential for any company that wants to succeed in the fintech industry.

To compete with other fintech companies

Competition is fierce in the fintech industry, and companies need to do whatever they can to stand out from the crowd. Offering superior levels of privacy and security is one way to do this. Moreover, this can be the unique point of their success story.

To attract new customers

To grow, fintech companies need to attract new customers. One way to do this is by offering superior levels of privacy and security. This will make customers feel more comfortable doing business with them, and they may be more likely to recommend them to others.

To retain current customers

Fintech companies also need to prioritize privacy to retain their current customers. If customer data is mishandled or security breaches, customers can decide to take their business elsewhere.

To prepare for the future

The fintech industry is constantly evolving, and companies need to prepare for the future. In the same way, cybercriminals are also preparing for the future and speeding up the process to stay ahead of time.

So, one way to deal with this is by ensuring that all customer data is protected and secure. This helps build customer confidence and ensures that the company is well-equipped to deal with future challenges.

Conclusion

The fintech industry is rapidly evolving. Companies are putting efforts to do whatever they can to stay ahead of the curve and protect their customers' data. Privacy is essential for companies in the fintech industry, and the reasons for the same are explained briefly above.

When it comes to saving money, compound interest is the easiest way to make your money grow. If you're like most people, you probably dread the thought of doing your taxes. But what if there was an easy way to calculate compound interest? Well, there is! This article will teach you how to calculate compound interest so you can start making your money work for you. So read on for all the details!

Compound Interest 101

When you're investing money, you'll often hear the term "compound interest." Compound interest is one of the most important concepts to understand when it comes to investing, and it's also one of the easiest to calculate. It's especially easy if you use a compound interest calculator online. Compound interest is a type of interest that builds on top of itself over time. This means that the more money you have in your account, the more interest you'll earn on that money. For example, if you have $100 in an account that earns 5% compound interest per year, at the end of the first year you'll have $105. The next year, you'll earn 5% interest on the $105, which comes out to $5.25. This means that you now have a total of $110.25 in your account. As you can see, compound interest can add up over time! There are two main things to remember about compound interest:

  1. The more money you have in your account, the more interest you'll earn.
  2. Compound interest is calculated based on the account balance at the end of each year (or another period).

How Compound Interest Works

Here's a quick example to illustrate how compound interest works on a larger scale. Let's say you have a $1,000 investment that earns 10% compound interest per year. At the end of the first year, you'll have $1,100 in your account. The next year, you'll earn 10% interest on the $1,100, which comes out to $11. This means that you now have a total of $1,111 in your account. As you can see, your investment has grown by $11 over two years. And this growth will continue each year as long as the investment continues to earn 10% compound interest. Now imagine if you had started with a larger investment, like $10,000. At 10% compound interest, your investment would grow by $1,000 each year. In just 10 years, your investment would have doubled in size!

How To Calculate Compound Interest

If you're interested in calculating compound interest manually, here's the formula:

A = P(1 + r/n)^nt

Where:

For example, if you have an investment that earns 5% compound interest and you want to know how much money you'll have after 3 years, you would plug the following values into the formula:

This means that if you start with a $1,000 investment and earn 5% compound interest per year, you'll have $1,157.625 after 3 years. You can use this same formula to calculate compound interest for any period and interest rate. Just be sure to use the correct values for each variable in the formula. For example, if you're calculating compound interest for 10 years, be sure to use 10 as the value for t.

Benefits of Using A Calculator

If you don't want to do the math yourself, there's no need to worry. There are plenty of compound interest calculators available online that will do the work for you. All you need to do is enter the present value of your investment, the annual interest rate, and the number of years you plan to invest. The calculator will then give you the future value of your investment. For example, let's say you have a $5,000 investment that earns 6% compound interest per year. If you use a compound interest calculator, you'll see that after 10 years your investment will be worth $8,441. This means that your investment will have more than doubled in size over 10 years!

 

Compound interest is a powerful tool that can help you grow your money. By investing early and often, you can take advantage of compound interest and watch your money grow over time. Just be sure to use a calculator to figure out how much your investment will be worth in the future so that you can make informed financial decisions.

When it comes to running a business, you want to ensure you are doing everything in your power to reach the profit margin you desire. It can be not easy if you don't know where to start. One of the most important decisions is which financial services provider to work with. Each one has its own unique set of benefits and drawbacks, so it can be tough to decide which is right for your business. This article will guide you on how to compare different types of financial providers to help you make an informed decision.

What Are Financial Services?

Before comparing different financial providers, it is crucial to understand what financial services are. Financial services encompass a wide range of products and services that help businesses manage their finances. It can include anything from accounting and bookkeeping to investment advice and lending.

Why You Need Financial Services

There are many reasons why every business should have some financial service provider. Here are just a few:

How to Compare Financial Providers

Now that you know why you need financial services, it's time to start looking for the right provider. Here are a few factors you should keep in mind when making your decision:

The Type of Services You Need

The type of services you need will also play a role in choosing the right financial provider. If you need help choosing the right crypto exchange services or digital bank, you need to use an online comparison tool. When using this comparison tool, you can compare different providers based on the services they offer, their fees, and more. Make sure to read the reviews of each provider before making your decision. You can also ask for recommendations from friends or business associates who have used financial services in the past.

The Size of Your Business

The size of your business is an important consideration when choosing a financial provider. Some providers are better suited for small businesses, while others are more geared towards larger enterprises. Ensure to find a provider that can meet the needs of your business.

For example, if you are a small business owner, you may want to consider working with a local accounting firm or bookkeeping service. If you are looking for investment advice, it might be best to work with a brokerage or investment company. If you are running a large enterprise, you will likely have more options for financial providers. You may want to consider working with a big bank or an accounting firm with experience dealing with large businesses.

Your Budget

Some providers charge a flat fee for their services, while others charge based on the size or complexity of your business. Ensure you are aware of all the costs associated with working with a particular provider, so you don't end up overspending. For example, if you need accounting and bookkeeping services, ask how much the provider charges per hour. If you are looking for investment advice, find out the minimum amount you need to invest. By knowing upfront what the cost will be, you can avoid any surprises down the road.

Your Business Goals

You should ensure the financial provider you choose aligns with your business goals. If you are looking for short-term gains, you will want to find a provider that offers investment banking or venture capital services. If you are looking to build long-term wealth, you won't need to work with a provider that offers full-service accounting. Conversely, if you are looking for comprehensive financial services, you will want to find a provider that can provide everything from bookkeeping to investment advice.

Your Risk Tolerance

There is always some degree of risk involved when it comes to finances. The key is to find a provider that can help you manage your risk while still achieving your desired profit margin.

For example, if you are looking for loans or funding for your business, you may have to put up some collateral. This means that if you can't repay the loan, your lender could take possession of your assets. Ensure you are comfortable with this level of risk before moving forward.

 

Now that you know what to look for, you can compare different financial service providers. Use the factors listed above to narrow down your options and find the right provider for your business. With the help of an excellent financial service provider, you'll be on your way to reaching the profit margin you desire.

Across Europe after weeks of bad news, stocks rose in anticipation that the US Federal Reserve will make a change to their current policy and raise interest rates. Markets in Europe have reacted positively with the FTSE 100 rising 1.3% in London after opening, while over in France and Germany both the CAC and the DAX gains exceeded 2% (2.1% and 2% respectively).

A raise from the US Federal reserve would mark its first interest rate rise for over 4 years following calls to take steps to ease the current inflation issues in the US which has largely been attributed to ongoing global issues from the COVID-19 pandemic to the current Russian invasion of Ukraine.

Given those volatilities, the Fed isn’t expected to make dramatic and long-lasting changes, but it’s widely expected that rates will rise. However, analysts have warned that should the Fed not make changes, markets should expect to see continued fluctuations.

There is also some potential further good news as Ukrainian President Volodymyr Zelensky has hinted at positive moods during the latest round of negotiations with their Russian counterparts giving markets fresh hope that an end to a conflict that has already resulted in turmoil may be a step closer to a conclusion.

Will Russia Make Payment?

Part of the reason for the positive mood in the talks appears to be that Russia is beginning to feel the pinch of the large package of sanctions placed on them and movements from several major economies that may see them lose their seat at the energy supply table. There has been talk of Russia defaulting on a bond payment which has raised questions that despite loud proclamations of defiance from the Kremlin about their financial autonomy, all might not be as well as the official statements suggest.

With a $117m (£90m) interest payment due on a US dollar bond, Russia has said it will pay, but it will pay in roubles. If they do and unless they make the additional payments within 30 days, they will likely default - raising more questions about the state of the Russian economy. This would mark a dramatic turnaround for the country given that only a short while ago its credit rating was seen as one of the most secure globally.

US and Asia Rebounding

The plight of the Russian economy appears to be at odds with the news of both the European markets rebounding, and it seems the US and Asia are seeing positive signs. The US has seen the S&P (0.9%), Dow (0.7%) and the Nasdaq (1.3%) all make gains ahead of a predicted 0.4% rise in US retail sales following a poor December.

In Asia, news from Beijing that there were policies incoming to stimulate the financial markets with new economic boosts saw the markets rise across the continent with Japan’s Nikkei climbing 1.6%, the Shanghai Composite climbing 3.5% while in Hong Kong, the Hang Seng rose dramatically, soaring more than 9%.

For now, as the market volatility continues, it remains all eyes on the US Federal Reserve and the talks in Russia.

Despite the fact that virtual currency first appeared in 2009, it continues to respond to a variety of issues in the present year. As the digital economy grew in size, it steadily became a generally recognised form of currency. We could perhaps not deny that there are always venture capitalists interested in investing in it, as well as groups that have an interest in learning all about it. Beyond everything, if these people invest their money in cryptocurrency investment or not, there are impediments. How do you pick a virtual currency that will gain a competitive advantage? We're here to keep you informed.

Level of Knowledge

One of the most significant challenges in virtual currency is a lack of awareness. Teenagers and the new generation are more technologically savvy, which increases their chances of understanding the world of virtual currency or even making investments in it. Learning virtual funds must be versatile for all age ranges, regardless of appropriate expertise. If only suitable recommendations are provided to all age categories, the likelihood of bitcoin's pervasive use grows. As a matter of fact, learning is crucial in the financial system and digital products because they are considered multifaceted investments. Luckily, there are crypto media portals to keep you educated about the crypto market. The site is beginner-friendly and offers information, regarding the trends in the crypto world, as well as price projections and trading brokers reviews.

As per Johnny McCamley, the Founder of CrptoClear, one of the difficulties confronting the mobile market is learning. The best way of dealing with it is to distribute knowledge about cryptocurrency investments, as it will encourage ambitious young investors to engage in cryptocurrencies.

Meeting the Needs of Speculative Investors

Nowadays, virtual currency is also used to counteract bad reputation and image. Frauds, illegal operations, and other types of unlawful behaviour have all played a role in the evolution of virtual currency. These illegal acts have provided the false impression that cryptocurrency is inherently unsecure, dangerous, and disreputable virtual money.

Liquidity and Volatility

Even though Bitcoin is growing in popularity, it is not for everybody. The rise in inflation benefits investors, but it also necessitates stability in order for virtual currency to obtain universal support. Because of its reliability, the virtual currency will be able to become a trusted store of wealth.

On the other hand, price swings will inhibit virtual currency from being widely accepted. While Bitcoin reaches maturity, it becomes less risky than ever before; however, it is not true for all currencies. The overall stability affects developed, expanding, prevailing, and even the most recent electronic money. As a result, legislation is critical for managing the fluctuation of all digital currencies.

Regulating, on the other hand, is not always a workable option. Deregulation is also beneficial to those that are financially disadvantaged or underbanked. Furthermore, it enables a variety of companies to achieve an international market without dealing with conventional banking.

This illustrates how allowing cryptocurrency to be totally unregulated limits things from getting stable. Because virtual currency is decentralised, many factors can influence the cryptocurrency's cost. To incorporate the advantages of security and deregulation, a well-balanced and comprehensive strategy will be required.

Attention to cash flow

The unpredictable nature of virtual currency is also influencing its liquidity. Considering this context, it will be difficult to use digital products as a means of exchange today. While virtual currency can be converted into digital money through third-party transactions, placing your faith and confidence in a third-party provider and entrusting your cash with them exposes your money to fraud and hoaxes.

Some businesses have raised their concerns about any of these issues. Those platforms enable purchasers to invest virtual currency on offerings while also letting suppliers take money in their preferred fiat money. In some cases, virtual currency has effectively overtaken conventional funds in regions with volatile currencies. The aforementioned situations point to a greater incidence of governed digital currencies.

Concerns About Technology

Individuals who are just not tech-savvy may have a difficult time using virtual currency. Putting money in, purchasing, and attempting to sell virtual money is not the same as getting a credit card or making withdrawals. Virtual currency performs in combination with advanced technologies.

As a result, it is critical to gain professional knowledge. Moreover, in order to become more adaptable, the virtual currency must be adaptable to all software applications. At the present time, virtual currencies lack interoperability, making international exchanges difficult. In dealing with this problem, it will be beneficial to communicate with industry sectors that can disrupt the interactiveness of distributed ledger technology.

The Conclusion

Though several nations have started accepting virtual currency as a means of exchange and type of monetary system, there are unavoidable obstacles that must be accepted. To work in a large corporation, you must have extensive cryptocurrency understanding. To fulfil its potential

Are you someone who likes to plan ahead and this of the Long-term? If so, you're in luck! In this article, we discuss some useful financial tips that can help you save money and prepare for retirement. Even if you're not quite ready to think about retirement yet, it's never too early to start planning for the future. These tips will help you get started on the right track. So what are you waiting for? Read on to learn more!

Estimate Your Retirement Needs

One of the most important things to do when planning for retirement is to estimate how much money you will need. This number can vary depending on your lifestyle and budget, but it's important to have a ballpark figure in mind. You'll also need to consider factors such as inflation and future healthcare costs. If you're not sure where to start, there are a few online calculators that can help.

Another important retirement planning tip is to start saving early. The sooner you start putting money away, the more time it has to grow. Even if you can only save a small amount each month, it will add up over time. If you're in your 20s or 30s, now is the time to start thinking about retirement. It may seem like a long way off, but it's never too early to start planning. One last tip is to diversify your retirement savings.

Assessing Your Net Worth

One of the best ways to start planning for your future is by assessing your net worth. This will give you a good idea of where you currently stand financially and what steps you need to take in order to reach your goals. There are many online calculators that can help you do this, or you can use a spreadsheet. Be sure to include all of your assets (property, savings, investments, etc.) and liabilities (debt, bills, etc.).

Once you have a clear picture of your net worth, you can start making a plan to improve it. And if you are making a plan be sure to consider the fact that, annuities are long-term investments. If you have debt, work on paying it off as quickly as possible. Make sure you are contributing to your savings account and have a solid emergency fund in place. 

Invest in assets that will appreciate over time, such as stocks or real estate. And finally, stay disciplined with your spending so you can continue to make progress towards your goals.

Have An Emergency Fund

One of the most important things you can do for your financial future is to have an emergency fund. This is money that you set aside specifically for unexpected expenses, like a car repair or medical bill. It’s important to have this money saved up so that you don’t have to go into debt when something unexpected comes up.

How much you should have in your emergency fund depends on your individual circumstances. A good rule of thumb is to have enough money saved to cover three to six months of living expenses. If you have a family or are supporting others, you may want to save even more.

Saving for an emergency fund can seem like a daunting task, but there are a few things you can do to make it easier. First, break the goal down into smaller goals. For example, try saving $50 per month until you have enough money saved up. You can also use a budget to help you stay on track.

Knowing Where Your Money Goes

One of the most important things you can do when it comes to saving money is to know where your money goes. This may seem like a no-brainer, but you would be surprised how many people don't keep track of their spending. If you don't know where your money is going, then it's very difficult to save. There are a number of ways to keep track of your spending, such as using a budget or tracking app. Find the method that works best for you and make sure to stick to it.

Another important tip is to create a savings plan. This may seem like common sense, but so many people don't have a savings plan in place. When you have a plan, it's much easier to save money. Figure out how much you need to save on a monthly or yearly basis and then make sure to stick to it. There are a number of ways to save money, such as setting up a savings account or investing in a retirement fund. Find the method that works best for you and make sure to stick to it.

Get a Grip On Taxes

The best way to get a grip on your taxes is to start planning for them as soon as possible. You don’t need to be an accountant to do this, either – there are plenty of online resources and tools that can help you out. The earlier you start, the more prepared you will be when it comes time to file your return.

Another important thing to keep in mind is that taxes are not a one-time event. They are an ongoing process, and you should be prepared to adjust your plan as your circumstances change. Stay on top of your finances throughout the year, and you will be better positioned to take advantage of tax breaks and deductions when they become available.

Finally, don’t be afraid to ask for help. If you are unsure about something, or if you need advice on how to structure your tax plan, don’t hesitate to get in touch with a professional. They can help you make the most of your money and ensure that you stay in compliance with the law.

Protecting Your Wealth

One of the best ways to protect your wealth is by diversifying your assets. This means that you should not put all your eggs in one basket. Instead, spread your money out among a variety of different investments, such as stocks, bonds, real estate, and commodities.

This will help to reduce your risk if one investment goes south. You should also consider investing in a variety of different industries to further diversify your portfolio. This will help to protect you from any industry-specific risks that may arise.

Another important way to protect your wealth is by staying informed and keeping up with the latest financial news. This will help you to identify any potential threats to your investments and take action before it's too late. You should also make sure to keep your financial documents up to date and in a safe place. This will make it easier for you to track your investments and access your information when needed.

Saving money for the long term can seem like a daunting task, but it doesn't have to be. By following these tips, you can make it easier to save money and reach your financial goals. Stay informed and make sure to keep track of your spending, create a savings plan, and diversify your assets to protect your wealth. With a little bit of effort, you can achieve financial success for years to come.

 

Most financial advisors tell their customers the best thing they can do to grow their wealth after getting rid of debt and preparing for the future is to invest. Of course, there are various ways to grow your money through investing, and countless vehicles to use for your trading strategy. Finding the right solution for you can take some significant time and investigation.

For the majority of people, the most common areas to explore will be either share and stock trading, or forex trading. With shares and stocks, you pay for portions of a company, which you can trade or sell at a later stage. With forex, or FX, you’re making money by buying foreign currency and exchanging it from one currency to another. Let’s explore whether FX could be right for you.

What is Forex Trading?

FX or foreign exchange trading is one of the most actively traded environments in the world. Companies, banks, and individuals alike all carry out huge transactions on a regular basis. While much of the foreign exchange that happens every day is done for practical reasons, most currency conversion occurs as a result of forex trading. The amount of currency big investors choose to convert in a day can even lead to price movements for some currencies, making the market more volatile. Although FX might seem quite complicated, it’s much simpler than you’d think. The process starts with choosing a pair, or two types of currency that you can trade against each other, like EUR/USD.

Unlike other forms of investment, forex is usually quite fast-paced, as it requires users to act on slight changes in the value of a currency to make the biggest profits. You’re constantly working finding the most valuable lots for your portfolio. For beginners, it can be a little tricky to get started, which is why it’s so valuable to read guides that explains the considerations involved when investing in foreign currency in Australia when first getting started.

Is FX Trading Profitable?

For those looking to grow their wealth, the right forex trading strategy can be extremely beneficial. There are plenty of people out there who have made money by trading regularly in the foreign exchange market – but not everyone is suited to this task. If you’re looking for a more long-term solution where you can invest in something and leave your money to grow over time, this probably isn’t the environment for you.

Forex is all about speed and timing. You need to ensure you’re acting as quickly as possible when little changes happen in the market, or you could risk losing a lot of cash. However, if you have the time and skills to focus a decent amount of attention on this type of trading, it could be a powerful tool. As with most forms of wealth building, it will be up to you to determine how much risk you can take on as a trader, and whether the forex environment is a good place for you to begin exploring. There are always plenty of other options if you decide forex is too confusing.

If you go to the doctor complaining of severe joint pain in the knees, the doctor will likely take you through diagnostic screening questions to see if your symptoms meet the criteria for various diseases, such as rheumatoid arthritis.

A stock screener is just like a diagnostic screener. As the investor, you answer questions based on your unique goals and portfolio, and the screener software spits back stocks that fit those criteria.

Just like with diagnostic screeners in medicine, screening stocks in this fashion is just one step in the process of finding the right stocks. You should always confirm your results by evaluating each stock’s fitness for your portfolio through your own research.

It’s also important to assess your financial situation and define your goals. As you can probably guess, this should happen before the screening stage, because your circumstances and goals will define your criteria.

To recap, here are the steps you should follow when screening for and selecting stocks:

  1. Examine your circumstances and define your goals
  2. Find stocks using a basic or advanced stock screener
  3. Confirm findings through your own research

Choosing a stock screener

As you can see above, you have choices when it comes to how comprehensive you want your stock screener to be. Some screeners offer both basic and advanced versions – typically with tiered pricing or by subscription – while others are either free/basic or advanced/customizable only.

In this article, we’ll cover the benefits of advanced stock screeners, how to use them, and what kinds of investors they’re best suited for.

What is an advanced stock screener?

Think of the difference between how Macs and PC computers are marketed:

Basic stock screeners are the Macs here. They’re great for when you’re first getting started investing, because they offer standard, simple metrics, such as market cap, P/E ratio, gains/losses by time period, share volume, etc. The key takeaway is that both basic and advanced stock screeners are useful, but for different types of investors.

Why should I use an advanced stock screener?

If you’ve been in the stock game for a while, you might be ready to get more hands-on with your stock screening process. Because advanced stock screeners offer a wider range of customizable metrics, they give you the chance to apply all that knowledge you’ve been gathering in ways that are more tailored to your unique portfolio.

In other words, they give you more control.

Are there downsides to advanced stock screeners?

Think back to the Mac vs. PC example. If you don’t know a lot about computers, using a PC with highly customizable operations isn’t very useful to you, because you don’t know what any of the options mean. In fact, it will probably make it harder for you to use the computer!

If you’re new to stocks, get your feet wet with the Mac of stock screening: basic stock screeners. As you get more familiar with stock trading through experience, you’ll finetune your portfolio and financial goals, and you can decide at any time to get your hands a little dirtier with advanced stock screeners.

Recap: Primary cons of advanced stock screeners

How to get started with stock screeners

TheBalance provides a great starter list of free and freemium (that is, free/basic and subscription/advanced options) screening software. Starting with free basic versions can be a great way to try out different screeners and find which one you like best, even if your goal is to eventually use an advanced screener.

Summary & takeaways

Remember, while stock screening is a crucial part of building your portfolio, it’s only one part of many. Follow the steps below to get the most out of both basic and advanced stock screeners:

  1. Define financial goals and criteria
  2. Use a basic stock screener (beginners) or advanced stock screener (veteran investors)
  3. Finetune portfolio through separate research, looking out for industry blindspots and considering qualitative factors not included in the screener

BE AT THE CENTRE OF THE FINTECH REVOLUTION

Now in its 8th year, FinTech Connect returns virtually in December 2021. Join us online for two content packed days where you can hear from and meet global leaders in digital transformation, payments, blockchain and regtech who are driving the global financial technology industry forwards.

FinTech connect is the premier event for the FinTech industry and has been welcoming some of the biggest names each year for nearly a decade.  Finance Monthly is delighted to be partnering with FinTech Connect this year and we're excited to be a part of this inspiring event.

Whether it be a challenger bank, innovative merchant, central bank, tier one financial institution or cutting-edge tech player, come and join them at FinTech Connect 2021.
These industry leaders will be talking about their challenges and successes in AI, Open Banking, CBDCs, DeFi, Embedded Finance, Fraud, AML and digital transformation and more!

Featuring speakers from some of the most forward thinking financial institutions globally including:

And many more.

Sign up for free here: https://bit.ly/3GKtYSj

Every year, the Finance Monthly Legal Awards publication recognises top experts and firs that have excelled in all aspects of their work, setting new benchmarks for the standards by which they operate and in the services they offer. This year’s edition showcases an elite group of legal individuals and firms that are not only highly esteemed in professional circuits but sought out by the public and numerous industries.

With almost a decade of covering the legal challenges faced by businesses, Finance Monthly is expertly placed to recognise the legal professionals and law firms that consistently provide solutions and sound legal advice for the corporate sector.

Following an extensive voting and judging period where industry leaders and financial sector experts, and readers of Finance Monthly magazine were invited to vote for those in the legal sector who work within the banking, FinTech and financial services sector who have offered the legal advice that has enabled them to achieve success in the past year, the winners of this years award have now been chosen and compiled into a bespoke Winners Edition featuring some of the best legal talent serving the finance industry.  The Finance Monthly Legal Awards is full of lawyer and law firm profiles showcasing their unique talents which have singled them out as this years winners.

At Finance Monthly, we are pleased to present our 2021 Legal Awards. Congratulations to all of our winners and finalists!

To view the awards publication, please visit: https://legalawards.finance-monthly.com/

Finance Monthly is pleased to announce that its 2021 Finance Monthly M&A Awards edition has now been published.

Every year the Finance Monthly M&A Awards recognise the achievements of the world’s most prominent dealmakers, management teams, financiers and professional advisers whose hard work over the past 12 months deserves to be celebrated. The first eight months of 2021 have seen a focus on recalibrating strategy and accelerated adoption of technology as a result of the COVID-19 pandemic. With GDP and CPI rates promising growth, however, the hopes for strong economic recovery are emerging and the appetite for mergers and acquisitions is intensifying. It is now more than ever that the firms and professionals who operate in the M&A sector need recognition, as well as an acknowledgement that their efforts are never going unnoticed.

At Finance Monthly, we are extremely proud to be able to provide a platform that celebrates the M&A professionals who work tirelessly to ensure the smooth completion of complex deals and exceed their clients’ expectations every day.

Finance Monthly would like to thank all contributors and participants in the 2021 Finance Monthly M&A Awards. Congratulations to our winners and finalists.

To view the awards publication please click here

To view more of our Finance Monthly awards please visit our awards page.

About Finance Monthly

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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