The Hidden Benefits of Binary Options

Oct 07, 14 The Hidden Benefits of Binary Options

One of the simplest, yet rewarding trading options which is sometimes overlooked by us, is Binary Options. Binary options are generally one of two kinds; you can either receive a major payout in assets or you get nothing.  This is generally recommended for persons who have an appetite for risk and not for persons who are risk adverse. It is also recommended that persons should not invest the amount they can’t afford to lose.  Amidst all this, binary options is still one of the simpler and most rewarding ways to trade and have access to various asset classes around the world.
A major advantage of binary options and trading is that the risk and rewards are known; it does not matter how much a market moves, for or against a trader, the pay-out amount is fixed as well as the amount you can lose. In this way investors can know beforehand all possible results and decide whether or not they want to partake. There are generally no fees and commissions and traders can have access to global markets anytime, anywhere in the world once the market is open.
On the contrary, the payout for binary options and trading is generally less than the risk involved, which means traders stand to lose more than they can gain. This implies that the traders need to be on point almost all the time with what they are doing. You can find lot of information like top binary options signals, binary option brokers at binary options trading signals.
In order to help mitigate some of the risks involved in binary trading, online platforms such as Banc De Binary Demo can help traders with trading tips and advice, as well as demo trading accounts for individuals who are not very comfortable with this type of trading practice. Banca De Binary is one of the oldest and has been one of the most trusted binary brokers since its inception in 2009. One of the reasons it has been so successful is its “easy to use platform” which allows traders the option to easily register, sign in, deposit, and withdraw their money.
Therefore, in order to be a successful binary trader, one must first gain knowledge of the possible outcomes of binary trading, how much they stand to lose or how much they stand to gain, and weigh the outcome. This will give them an idea as to whether it is for them based on their risk tolerance. In addition, traders must choose a position as to whether the price will rise or fall and depending on what is chosen, if it does just that, then as a trader you can have a good pay out. One of the other things that one will have to do as a trader is to learn which are the best binary brokers and determine whether or not it is a good fit for them. It is important to note that some binary options brokers are not regulated and so one has to be rather careful when deciding with whom they have to open there binary options trading account.
When investing in binary options it is important to have some basic understanding of the underlying asset, since the binary options derive their value from these assets. People who are sceptical about binary trading can always take a look at traditional trading options to see which suits them best, though binary options are generally easier to understand and trade than traditional options.
Concluding, binary trading can be very rewarding.  It is very easy to do and it removes much of the speculation for traders, as everyone knows from the beginning what they can lose or what they can gain. It is an all or nothing game and one that has been very rewarding for traders and investors overtime.  Understanding the underlying asset when trading binary options is crucial as well and everyone should be ever mindful. While very rewarding, individuals need to be mindful of the risks associated and stay within their comfort zone and not invest anything they are not ready to loose. Apart from all this, Binary Options is one of the better ways traders and investors can get involved in trading options.

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What Percentage of Credit Reports Contain Errors?

Sep 20, 14 What Percentage of Credit Reports Contain Errors?

In the credit reporting world the subject of data inaccuracy is a lightening rod topic that is passionately debated. Depending upon whom you believe, credit report errors are either quite rare or extremely common. There have been three generally recognized and often-cited credit reporting accuracy studies and their results are wildly different. So just how many credit reports contain errors?

According to the US Public Interest Research Group…

In 2004 the U.S. Public Interest Research Group (US PIRG) conducted a study regarding the accuracy of credit reports. The PIRG study sought to identify the percentage of credit reports that contained any error, whether that error was serious or superficial. The results of the study concluded that an alarming 79% of credit reports contained an error of some kind.
The results of their study should come as no surprise as the US PIRG is a passionate consumer advocacy group. Its members are not fans of the credit reporting agencies or their processes and they’re basically opposed to and critical of everything they do, which calls into question their legitimacy. Another reason people often scoff at PIRG’s findings is that a microscopic 197 consumers were used as the sample set for their study. With over 650,000,000 consumer credit files in circulation the issue of statistical relevancy becomes a problem for them.

According to the Policy and Economic Research Counsel…

In 2011 the Policy and Economic Research Council (PERC) published the results of their own study regarding the accuracy of credit reports. The purpose of the PERC study was to identify the percentage of “material errors” found in credit reports. A material error, per the study, was defined as an error that, once corrected, resulted in an increase of more than 25 points in a consumer’s credit score. The PERC study proposes that 99% of credit reports do not contain material errors. In fact, to be more precise, the study states that according to their research only a mere 0.93% of credit reports contained a material error.
The PERC study paints a rosy picture of the credit-reporting environment, but are their results any more valid than the PIRG study results? There are at last three reasons you should take their results with a grain of salt.
1) The PERC study received funding from not only all three of the credit reporting agencies (Equifax, Trans Union, and Experian) but also from the CDIA, the trade association of the credit reporting agencies.
2) The CDIA was actually invited to review drafts of the studies and offer input prior to the release of the final findings.
3) The PERC study also used a very small sample of consumers for their study numbering only 2,338.
I’m not suggesting the PERC study results were “bought” by the credit industry. But, at the very least you should be aware of who PERC works for and who is paying their bills.

According to the Federal Trade Commission…

In 2013 the Federal Trade Commission (FTC) released the results from their highly anticipated credit report accuracy study. The FTC study suggests an error rate ranging between 10% and 21% depending on the definition of “error” being used. To put 10% to 21% in perspective for you, what the FTC study is actually suggesting is that somewhere between 60 million consumers and 120 million consumers have at least 1 confirmed error on one of their credit reports. The FTC study splits the difference between the PIRG and PERC findings.
The FTC also used a small sample of consumers when conducting their research. Only 1,001 study participants were included. The low sample number is problematic and can lead to questions about their findings. In fact, all three studies are based on samples that are arguably not representative of the roughly 230 million consumers with credit files currently in circulation.

So Who’s Right?

Since the FTC study is the newest of the three, it is the study that is most widely cited. Regardless of which study paints the most realistic picture of credit report accuracy, the fact of the matter is that even one error that leads to lower credit scores can be a big deal. And whether you believe 78%, 1% or 21% of reports or consumers contain errors the reality is that the only credit reports that matter are the three that belong to you.
According to this article by CRE Credit Serivices, checking your credit report regularly is the only way to keep track of inaccuracies and maintain your credit score. You should be checking your credit score at least quarterly to stay on top of errors and keep your scores high.

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