Log of what of Wilson Zheng has learned at Techie Youth

Thu. Aug. 11, 2022

How To Sell Digital Products and How to Trade Commodities

Digital products are assets found via the internet. Such products are e-books, online courses, pictures, music, templates, etc. Many people began selling digital products as it is easy to manage and doesn't require much packaging and shipping.

There are many advantages to selling digital products.

1. You don't need to manage inventory or shipping. A digital product is sent to the buyer via the internet, and there is no need to package products. There is an infinite supply of your product.

2. Digital products provide extra income. You generally don't need to be consistently online to sell your products.

3. You don't need to learn new skills to start. You can easily sell your own service online in form of online courses. Only your own experience is required to start.

If you are unsure of what to sell, you can easily look up trends on social media and any sort of issues people have in their life to come up with an idea.

How To Trade Commodities!

When you first step into investing, you are faced with many different options to choose from. Today, I will go over commodity trading. Commodities like oil, natural gas, and gold give an incredible method for supporting your portfolio against the conventional financial exchanges. This venture scene is additionally appropriate for transient exchanging techniques because of its unpredictability.

Step 1 - Choose a Commodity Trading Platform: You will first need to choose an online broker that enables you to trade commodities. Such brokers may be Webull, eToro, Ameritrade, etc.

Step 2 - Deposit Funds: You can deposit funds using many methods, Wire transfers, ACH, and debit/credit card.

Step 3 - Research: Commodities are typically volatile so before you place a trade, be sure to research the commodity. You’ll need to consider research methods surrounding demand and supply, geopolitical events, economic indicators, and more.

Step 4 - Choose Which Commodity to Trade: After you do your research, you may begin trading your choice of any commodity.

Commodity investing is a strategy that’s best for serious investors. Before making any trades, you need to carefully understand the commodity price charts and other forms of research. Since market price moves can lead to large gains and losses, you need a high-risk tolerance as well, meaning you can handle losses in return for a huge gain. If you do decide to invest in commodities, it should only be a portion of your portfolio.

Fri. Aug. 5, 2022

What Is Options Trading?

Options trading is when you buy or sell an underlying asset at a pre-negotiated price by a certain future date.

Trading stock options can be complex — even more so than stock trading. When you buy a stock, you just decide how many shares you want, and your broker fills the order at the prevailing market price or a limit price you set. Options trading requires an understanding of advanced strategies, and the process for opening an options trading account includes a few more steps than opening a typical investment account.

The stock market has a great deal of inflation and deflation. Options trading is one of the most active when the market is volatile. Options trading is a great way of generating income when the market is going down.

To get started with options trading, you need to open an account. With options trading, you need more capital compared to a regular brokerage account for stocks. People who know the stock market well are more likely to succeed than beginner investors.

Thu. Aug. 4, 2022

What Is Forex?

Forex or Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism.

The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world. Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar. Forex markets exist as spot (cash) markets as well as derivatives markets, offering forwards, futures, options, and currency swaps. Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among other reasons.

How Do I Get Started With Forex Trading?

The first step to forex trading is to educate yourself about the market’s operations and terminology. Next, you need to develop a trading strategy based on your finances and risk tolerance. Finally, you should open a brokerage account. Today, it is easier than ever to open and fund a forex account online and begin trading currencies.

Wed. Aug. 3, 2022

What Is Cryptocurrency?

Cryptocurrency is decentralized digital money that’s based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 19,000 different cryptocurrencies in circulation.

A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.

You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to understand how each system works fully.

Bitcoin was the first cryptocurrency, first outlined in principle by Satoshi Nakamoto in a 2008 paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Nakamoto described the project as “an electronic payment system based on cryptographic proof instead of trust.”

That cryptographic proof comes in the form of transactions that are verified and recorded on a blockchain.

What Is a Blockchain?

A blockchain is an open, distributed ledger that records transactions in code. In practice, it’s a little like a checkbook that’s distributed across countless computers around the world. Transactions are recorded in “blocks” that are then linked together on a “chain” of previous cryptocurrency transactions.

With a blockchain, everyone who uses a cryptocurrency has their own copy of this book to create a unified transaction record. Each new transaction as it happens is logged, and every copy of the blockchain is updated simultaneously with the new information, keeping all records identical and accurate.

To prevent fraud, each transaction is checked using a validation technique, such as proof of work or proof of stake.

Tue. Aug. 2, 2022

How To Become A Virtual Assistant! Part 2

Now that you know the responsibilities of a Virtual Assistant, it's time to understand what tools you should be familiar with. You already know about Google's products. Now, let's get into others. As a Virtual Assistant, you will be expected to ease tasks. Some tasks include creating an online store for the company and managing social media. You are to be tasked with promoting the company's services and sharing information to keep your consumers happy. You can use apps like Canva to create images to post on your company's social media. You can also use Shopify or Wix to create an online store used by consumers to purchase products from the company.

In addition to that, as a VA, you will be tasked with setting up virtual meetings with your employer to report what you have done each day. and proofreading articles, depending on who you're working for. This job does not pay as much as you expect, but if you are working as a freelancer, you can charge your own prices for your service.

Mon. Aug. 1, 2022

How To Become A Virtual Assistant!

When you work, whether it is at home or at the workplace, you may have used Google. Or more specifically, their products, such as Google Docs, Gmail, and Google Slides. Sometimes, when using these products, you may not understand how to use certain features. This calls in for a Virtual Assistant. A Virtual Assistant is someone who performs any number of administrative, creative, or marketing tasks for clients. A perk to being a VA is setting your own flexible schedule, but you do have to cater to each client’s needs and schedule, too. Being a VA doesn’t require too much specialty training or equipment to start out, other than admin skills, business savvy, and internet know-how. With time, you can specialize in a niche and grow your business to serve high-value clients.

To be a Virtual Assistant, you must have the skills to be able to plan out tasks and organize company duties. You are essentially managing the mess of your client. Some work includes creating social media content, transcription, research, management, arrangements, and so much more. It is up to you to decide your niche.

Thu. Jul. 28, 2022

How To Manage Yourself

Managing yourself can come in many ways. Such as, time management, productivity, stress, health, and finding a role model/mentor that you aspire to be. These help you tune yourself into the best version of yourself, as you can learn how to be more organized and active in your daily life.

Firstly, to manage your time properly, you can use many applications online, like Trello or KanBan, to keep track of your progress throughout the week/month and make sure that you finish assignments on time. This makes working your job very easy and relieves a lot of the stress that comes with it.

Managing your productivity also helps you stay on track with your schedule, making sure that you aren't always wasting your time being lazy when you can use that free time to develop new hobbies or start improving your intellect.

Stress and Health come and go in many ways. They are the main factors in how you behave in your environment. To manage your health and stress, you can start exercising, doing yoga, or meditating. Doing these activities relieve your mind of your worries and you gain new benefits as well. Many people report that they feel more at ease when they exercise, do yoga, or meditate as they feel like they are improving themselves.

Finally, finding a proper mentor and role model may help improve your life. If you aspire to become a scientist, stockbroker, data analyst, or any of the career fields, you may want to start looking for a mentor and a role model. Having either one of these things may give you ideas that you can learn from and use to succeed. All you need is an open mind and patience to learn.

Wed. Jul. 27, 2022

How To Save Your Money

Saving money helps us create a sense of responsibility and control over our own finances. From being able to invest in your future to spotting the spending habits that eat away at your money every month, there are only benefits to learning practical and easy ways to save your money. Some methods of saving your money are creating a budget, opening a savings account, tracking your spending, building an emergency fund, etc. When building a budget, use the 50/30/20 rule. 50% of your salary goes to necessities, 30% goes to what you want, and 20% goes to your savings. Once you try it, you would be surprised with how much better you are at building up your money. But, before you even do all of this, it is best to open a savings account at your local bank. You can then automatically save money on a weekly basis or whatever time you choose without having to worry about keeping track. Utilizing this strategy, you can also save for emergencies, for example, broken vehicles, insurance, and other things. The most important part of saving money is having patience. Saving money isn't a fast action. You may not become rich overnight, but making an effort puts you closer to financial freedom.

Tue. Jul. 26, 2022

Learning From Mistakes Helped Me Learn This!

Soo, while I was doing my daily 5 hours of work at Techie Youth, I came across a weird bug. It unmarked all of my things and I went back to rewatching the videos and reading the articles to get things back up. I'm now 34% complete with the unit and everything seems nice. I learned that to be able to do what you want to do in life, you should follow your passion, if you don't, it would lead to burnout and nobody wants that. I also learned that you would want to work remotely, as everything is easily accessible via your electronic device, and that can also help you have a lot of free time to move and travel places. This opened me up to the idea of chasing my dreams, rather than the money. If I'm passionate about something, and if that idea can be easily accessible anywhere I am, I could be more dedicated and loyal to my career. I can't wait to see where this takes me in the future.

Mon. Jul. 25, 2022

What I learned At Techie Youth!

Techie Youth is a virtual program made for people of all ages. At Techie Youth, you learn how to make money virtually, or in person. Today, I took a dive into the prerequisite units. I finished 10 of the lessons which went over working remotely and landing your first job opportunity. The articles clearly show me what I need to do to have an effective impact when being interviewed and working my job. The unit goes over how you shall receive your money, and the do's and don'ts when being interviewed. The unit even goes over how to have a professional public profile, as the hiring manager may double-check your history and look to see if you have a bad or good image for the company. Overall, Techie Youth seems to be a genuine help to new job seekers who want to start earning money.