Get Mystery Box with random crypto!

Money Planet

Logo of telegram channel moneyplanetglobal — Money Planet M
Logo of telegram channel moneyplanetglobal — Money Planet
Channel address: @moneyplanetglobal
Categories: Economics , Investments
Language: English
Subscribers: 13.77K
Description from channel

The first multilingual investment literacy channel with trading signals and open trading robot reviews.
support: @moneyplanetsupport

Ratings & Reviews

5.00

2 reviews

Reviews can be left only by registered users. All reviews are moderated by admins.

5 stars

2

4 stars

0

3 stars

0

2 stars

0

1 stars

0


The latest Messages

2023-06-11 08:38:00
“Compound interest is the eighth wonder of the world. He who understands it earns it ... he who doesn't, pays it.” ---Albert Einstein

Want to know what Einstein knew? Today’s lesson is one that you won’t want to miss.

Keep reading here for a quick and simple explanation of how compound interest works.
285 views05:38
Open / Comment
2023-06-09 07:50:25
427 views04:50
Open / Comment
2023-06-09 06:17:27 The 4 Quadrants of Money

The Money Flow Quadrant is a concept created by the famous businessman Robert Kiyosaki, which details four ways to make money in today's society.

The author and investor explains the four ways of obtaining income. While two are effective, the other two are very limited.

These quadrants are:
The Employee Quadrant.
The Self-employed Quadrant
The Owner Quadrant
The Investor Quadrant.

The employee

They make up the majority of the world's population in the workplace. Why? Individuals seek economic stability in their lives, even though this means having the same salary for many years.

People in this quadrant exchange time, knowledge, and skills for money. Under this premise, they need to work to satisfy their needs.

Advantages:
The company holds all legal expenses for their employees: paid vacations, retirement, health insurance, etc.
They have a regular money income. An employee receives a salary fortnightly or monthly for sure. They don't have to worry about covering their basics.
Also, there is a fixed schedule so that employees can divide work time with free-time time.

Disadvantages:
On different occasions, their salary can only cover basic needs. Once they retire, the money they receive continues to cover only the basics.
The chances of scaling are sometimes slow or simply not there.
Their work is usually repetitive, without any learning or new challenges.
The fear of being fired.

The self-employed

They are freelancers. They are people who carry out their work independently and are paid depending on the project. Several people are inclined to this path to seek greater autonomy and manage their own time without dealing with office hours or bosses.

Advantages:
They are free to manage their times and processes as they see how they fit.
The personal and professional growth of those who work as freelancers is continuous. Each project has new challenges, so every day has new learning.

Disadvantages:
Making contacts is one of the biggest challenges that a professional can have.
They do not have legal benefits such as health care or paid vacations, so they must manage their income very well to cover these expenses.

The Owner

They are people who own one or several companies. They understand the market very well, know financial profitability formulas, and receive large incomes.

Employees help entrepreneurs to generate that income.

Advantages:
When a company is settled, profits are usually fixed and come in large amounts, so money is not a concern for the entrepreneur.
Leadership, knowledge, and good decisions can lead the owner to generate more wealth.

Disadvantages:
Most people fail to own a business. Building a successful business from scratch can take a few years.

The Investors

They identify investment opportunities, so their money works for them. Today, with little capital, anyone can be an investor.

Those who want to enter this part of the quadrant must take into account that they should develop financial intelligence to find the best investment opportunities at all times.

Advantages:
Investors don't need to make big investments to get started.
You can make investments of different types and analyze where there is a better return on profits.
Investors can manage their own time and spend fewer hours working. Unlike freelancers, they receive money more consistently.

Disadvantages:
Taking risks: many times, people are not careful in the investments they make and can end up losing much of the investment, or even all of it.

Conclusion

Knowing this theory of the four quadrants can be very useful. This chart helps us review our financial activity. We can rethink our situation and see if we want to live this way. The main difference between employees and self-employed persons from one side and investors and owners in the other is the time they have to spend doing the same activity.

Money Planet helps you by providing the best investment opportunities and analysis to help you achieve financial independence and be successful in the investor quadrant.

#Education
376 views03:17
Open / Comment
2023-06-08 04:28:56What To do When Markets Trade Sideways

Markets don't necessarily have clear trends all the time. Sometimes, even for long periods of time, assets may trade sideways. Investors that like to follow their investments constantly can find this aspect very frustrating.

However, what we should understand, is that markets are very irrational in the short run. It is only after long periods that they have adjustments to reflect new information.

Most movements are just noise. Especially in the short run. The idea here is that "the long-run" is never actually reached. It is the clear sharp movements, those of a handful of days, that really matter.

Making Money When there is no Clear Trend

Investors can exploit a sideways market by anticipating breakouts, either above or below the trading range or by attempting to profit as the price moves between support and resistance within a range.

Many traders focus on identifying horizontal price channels. They may try to buy the asset when the price is close to support levels and sell when the price is close to resistance levels.

However, bear in mind the risk of trading this way. Frequent operations generate commissions that harm a trader’s profits. Investors who employ this type of strategy do not have the advantage of letting their profits run in either direction.

Moreover, frequent buying and selling looking for profits in a sideways market are time-consuming.

Patience is Key in Sideways Markets

Although the best investors understand the significance of patience, it is a difficult skill to learn. Consider how closely you may follow your first investments even when the amount is low.

If you let emotions rule you, it can often lead to disappointing returns. Impatient investors who violate their discipline may be starting down the path to blowing their accounts.

Patient investing is similar to fishing. There are lots of fish in the sea and it isn't necessary to catch them all to be successful. In fact, it's only necessary to catch only a few to be successful. When a market is trading sideways, that point is a breakout.

A breakout happens when the price of an asset moves above a resistance, or moves below a support. Breakouts indicate strong potential for the price to start trending in the breakout direction.

Breakouts are commonly associated with chart patterns like triangles, flags, or wedges. Even after a high volume breakout, the price might retrace to the breakout point before moving in the breakout direction again. Why? Because short-term traders will often buy the initial breakout, but then attempt to sell quite quickly for a profit. 

Here we have a clear breakout pattern in the CAD/USD pair. The best way to trade a break-out is to look for those relatively long trends that end with a breakout and then place a stop-loss near the breakout point as a stop-loss. 

#Education
404 views01:28
Open / Comment
2023-06-05 18:06:47 SEC sues Binance and CZ CEO for securities violations
518 views15:06
Open / Comment
2023-06-05 05:27:29 BTC Season vs Altcoin Season: Understanding the Difference

When it comes to cryptocurrency trading, it's important to understand the concept of "seasons." These seasons refer to the fluctuation of prices in the market, and they can have a significant impact on your investment strategy. Two of the most commonly discussed seasons are BTC season and Altcoin season.

BTC season refers to a period of time when Bitcoin, the world's largest cryptocurrency by market capitalization, experiences a significant price increase. During this time, many traders and investors will focus their attention on Bitcoin, as its price often sets the tone for the rest of the market.

On the other hand, Altcoin season refers to a period of time when alternative cryptocurrencies, or altcoins, experience a significant price increase. Altcoins are any cryptocurrency that is not Bitcoin, and they can range from well-known coins like Ethereum and Litecoin to lesser-known coins with smaller market caps.

During Altcoin season, traders and investors will often shift their focus away from Bitcoin and towards these alternative coins. This is because altcoins often have a higher potential for growth than Bitcoin, due to their smaller market caps and the fact that they are often undervalued compared to Bitcoin.

It's important to note that these seasons are not set in stone and can vary in length and intensity. Additionally, the cryptocurrency market is highly volatile, and prices can fluctuate rapidly, making it difficult to predict when these seasons will occur.

Understanding the difference between BTC season and Altcoin season can help you make more informed investment decisions in the cryptocurrency market. By keeping an eye on market trends and staying up-to-date with the latest news and developments, you can position yourself for success in any season.

#Education
550 views02:27
Open / Comment
2023-06-04 21:00:21
518 views18:00
Open / Comment
2023-06-03 18:07:11 Do you manage your money or does money manage you?

When it comes to money, you have two options:
• You control money.
• Money controls you.
How do you take control of money? It all starts by taking control of your expenses. But, be careful! One of the biggest mistakes people make when trying to control their money is holding onto every cent. They think getting rich is all about saving all of their money and never buying anything. Not only is this a recipe for unhappiness, but it’s not effective.  
The best strategy is to earn more (multiple sources of income!) and fully control our expenses. Here are a few ways that you can do that:

Cashback credit cards

✓ Bonus programs and loyalty awards 
✓ Tax deductions
✓ Spending plans (e.g. only shopping with a list) 
✓ Reduce expenses on non-profitable assets (e.g. only buy what’s need for long-term goals)

Ready to take control of your money? Let’s go!

Step 1: Set long-term goals
Step 2: Control your costs
Step 3: Optimise your costs

Here are a few insider tips to maximize your success:

✓ Set long-term goals. Decide what’s truly important and write it down. If something doesn’t relate to your long-term goals, don’t buy it.

✓ No more impulse buys. Only make planned purchases.

✓ Research and review before you buy. Look at the pros/cons, and key features before you invest.

✓ Look at the affect of planning. Would it cost less if you had planned sooner?

✓ Before you buy anything, ask yourself:

• Do I really need this? 
• Do I need it now?
• If I buy it later, will it cost less?
• Can I find a way to not need this by changing my plans or habits? 
• Have I looked for a lower price?
• Have I looked for a substitute?
• Can I get a discount here?
• Can I buy this directly from the supplier? 
•Can I buy this in bulk and save money?
• Is there a technology that would replace this physical product?
• Can I get a tax deduction?
• Can I use legal tricks to reduce mandatory expenses?

#Education
561 views15:07
Open / Comment
2023-06-03 05:23:42 Cryptocurrency exchange Bybit announced its departure from the Canadian market. The reason, as in the case of Binance, were the new regulatory rules in the country.

Already on May 31, the exchange Bybit stopped registering new users from Canada. Existing users can not make deposits, increase their positions and open new contracts. All open transactions must be closed by September 30.

Last year, the country's government published new rules for cryptocurrency firms. Specifically, cryptocurrency exchanges must keep user assets separate from company assets and use a third-party custodial service.

Later, the Canadian Securities Administrators Association (CSA) banned trading in algorithmic Stablecoins and added rules to distinguish complex instruments like margin trading.

"Bybit management made a difficult but necessary decision to suspend the availability of our products and services in Canada. Bybit's primary goal has always been to conduct business in compliance with all necessary regulatory rules and regulations," the site stressed in a statement.

Recall that the exchange Binance also announced its withdrawal from Canada in connection with the regulatory situation in the country.

#MarketNews
450 views02:23
Open / Comment
2023-06-03 02:27:15
Tether intends to invest in green bitcoin mining in Uruguay

Major stabelcoin issuer Tether has announced plans to invest in mining facilities in South America's Uruguay.

Tether officials admitted that they plan to provide funding to a local licensed company to create renewable energy sources and infrastructure for zero-carbon bitcoin mining.

"Uruguay offers an ideal environment for renewable energy production by facilitating wind farms, solar parks and hydropower projects, guaranteeing miners a steady supply of clean energy," Tether said in the announcement.

Tether did not admit to the press which Uruguayan company partnered with the project.

Earlier, Tether management said that it intends to invest up to 15% of its net profits in bitcoins each month - in order to diversify its insurance reserves. According to reports, the company has already invested about $1.5 billion in BTC.

# MarketNews
442 views23:27
Open / Comment