The Ins and Outs of Binary Trading

Somewhat exotic to the fresh trader, binary options are in fact quite simple to understand. Allowing you to trade anything like indices, shares, currency and commodities, this type of trading is an easy and less stressful way to increase your capital.

How does binary trade work?

The very first step is to choose a good broker with a valid licence that also abides by the laws of the relevant government. You should know that there are many on-line platforms such as that had lists of all the best brokers on the market. Secondly, your future investment should be based on an asset you are familiar with. From precious metals to shares and everything in between, knowing all the relevant information related to the chosen asset will reduce any potential risk.

What is great about binary trading is that you don’t have to purchase the said asset. You are basically just predicting whether its value will either increase or decrease to a certain period. If you strongly believe the value will go up you have to go with the ‘call’ option and if you believe the contrary, go with the ‘put’ option.

Basic guidelines for a successful venture

Whether you are a beginner or a seasoned financial trader, binary options are a great way to make money easily. Though not without a certain level of risk, much like every financial venture, there are a few guidelines that will help you minimise it.

  • If you are just beginning, familiarise yourself with the process by trading in a demo account. This way you will gain experience without losing any of your hard-earned money.
  • It is best if you use more than just one broker. Sites like have complete lists of licensed brokers, all with great references.
  • Choose a good trading platform and deposit the minimum sum in your account. There are many great ones out there that only require a deposit of 100 GBP/EUR/USD, depending on your account’s main currency.
  • Choose just one asset to invest in at first. If you are new, you could become easily overwhelmed. Remember, you could always enlarge your portfolio after you gain some real trading experience.
  • Decide on the sum to invest. Try not to invest all your money on just one option. If you are unsure, you can always use the hedging strategy. Using both ‘put’ and ‘call’ options on the same asset at the same time will go a long way in protecting your investment.

After the trading period closes, if your predictions were correct, you win. No matter the time frame, if you invested £100 with a 90% payout, then you win £90. To be correct, though, whatever the nature of your chosen asset is, it is best you are well informed of anything regarding it. A good investor doesn’t just guess, he makes well-informed predictions. To be fairly accurate, you need to do your homework first and read any information about the said company, from financial statements to earning reports and everything in between.

If you decided that binary trading is the thing for you, pick an asset, choose one or two great brokers from trustworthy platforms such as, strategic and never look back.

Loans for Bad Credit No Guarantor

cloudsGaining access to some extra funds when you have a poor credit rating can be difficult. Normal lending channels such as a bank or credit company are simply not an option.

That’s why CreditPoor has made a bad credit loan available, that doesn’t require a guarantor to undersign the credit agreement. If you need some extra funds, no matter what for, and you have a bad credit rating, we can probably help you.

No Guarantor Needed

Traditionally, people with a bad credit rating are offered loans that require somebody to guarantee the payments. This means if the original borrower stops paying for any reason, the guarantor becomes liable for the full loan value.

However, this is obviously quite a road block for many people with a poor credit score who simply don’t have anyone who can stand as guarantor for them. So we have made a no guarantor bad credit loan available to help these people.

No Collateral Needed

Some bad credit loans that don’t require a guarantor, ask for the borrower to put up assets as collateral against the loan. Most usually this will be their house, flat or some other type of high-value property.

We don’t require any collateral in order for you to be eligible for our no guarantor bad credit loan. As long as you can fulfil our basic requirements, you should be good to go.

Completely Unsecured Bad Credit Loans

This combination of not needing a guarantor, and no need for collateral to secure the loan, means that this is a completely unguaranteed financial product. Perfect for people with a bad credit rating. However, it should be noted that due to the increased risk of lending, interest charges will be higher than a traditional personal loan, and the amount you can borrow will be less.

A Fast Application Process

We have made applying for a no guarantor bad credit loan very easy. Simply start by filling in our online application for. We will check the details you provide, and if you are eligible for a loan, we might as you for some supporting documentation to prove key information such as name, age, and address.

Once this has been done successfully, we will complete the loan application, and make the funds available to you. This can be done within as little as a single working day.

Access to a Wide Range of Loan Products

We have access to a wide range of products made available from a panel of reputable lenders. This helps us to match the needs of our clients up with the best loan on offer for their circumstances.

From a Loan Broker you can Trust

CreditPoor is regulated by the Financial Conduct Authority as a registered loan broker. This means we conform with all legal requirements for providing bad credit loans. You can always trust us to give you the best financial advice, and we will never push you towards a no guarantor bad credit loan that is unsuitable for you.

Top 5 tips – how to negotiate with the creditors in the UK

banner-imgAre you in residing in the UK? If it is so then here you will have some valid tips on how you can negotiate with your creditors. It is evident that along with mounting debt, the stress factor also mounts. It is also true that debt can even drain your bank account, limit your financial stability and it may also make it impossible for you to get new credits.

Along with that, you will be getting a constant stream of letters and calls which prove to be very embarrassing. But now you peoples out in the UK don’t have to worry about all these. Just go through this post and get the ideas so that you can settle down with the creditors to release the pressure on you.

Tip 1: You should always stick to your story

One should keep in mind that the person sitting on the other end will not be interested in listening up that why you failed to pay the bills. But at the same time, it is also evident that the person is also not aware of the fact that you were in a hardship situation. In such a condition it is better to come up with sentences which you can use consistently like:

“I was not well and I am out of work for the last two months and now I am trying my level best to get caught up.”

You can also come up with different stories but you should be truthful.

Tip 2: Get each and everything in writing

Remember that it is a collection agency and it is better to have everything in writing. Never believe in anything which is given verbally because in most of the cases it didn’t happen. When you are negotiating with any of the creditors in the UK, either you send them letters or ask them to send them you a letter to map all the terms of negotiation. Having in writing will protect you from legal obligations.

Tip 3: Try to remain confident throughout the negotiation

While you are negotiating with the creditors it is vital to remain confident, but you may feel the pressure to be bullied. Remember that if you stick to your point then you may find yourself in a better position. Prepare yourself before the final showdown and make a list of offers which you may offer them if they don’t agree.

Tip 4: Never ever disclose your bank details

In case you are dealing with an original creditor, then you may have no choice but to make payment through debit card or account. But when you are dealing with collection agency then keep in mind that in any circumstances you should not reveal your bank details.  Inform that you can make the payments only through money orders or by cheque.

Tip 5: Don’t fear to ask counter questions

It is quite obvious that the creditor might threat you that you will be sued for not paying the bills or if you don’t pay the bills. But don’t lose your heart and just simply ask that “can you please tell me that when you will take money from my account”” or “when should I expect the notice of a lawsuit against me?” Well, it is important to note that the threats mentioned above are illegal and you can charge the creditors for the threats.

So, you can deal with your creditors in this way while following the tips mentioned above. Hope you will have a fruitful negotiation.