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Banking precautions to keep you safe

Alisha Jose

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Source: Unsplash

Most of us are familiar with our bank’s online and offline banking, but how safe is it? Banks spend a lot of money educating customers, ensuring the security is up to date. No matter how good the security is, or how much we trust them, there will be a vulnerability somewhere that a criminal isMost of us are familiar with our bank’s online and offline banking, but how safe is it?

Banks spend a lot of money educating customers, ensuring the security is up to date. No matter how good the security is, or how much we trust them, there will be a vulnerability somewhere that a criminal is just waiting to exploit. So how do we ensure we stay safe and secure?

Take sensible precautions

There are many things the average user can do to greatly reduce the likelihood that they will become a victim of theft.  We must take some responsibility when trying to ensure our banking is safe. We can do this by taking simple steps to prevent criminals from taking advantage.

ATM common sense

There are many things you can do to try to minimize the risk of using an ATM. Always put the money away before leaving the machine. This helps to reduce the risk an opportunistic thief will grab it out your hands. If you want to count the money, leave the area before doing so. If there is a door to where the ATM is located make sure you close and lock it behind you. Try to use a machine in a well-lit area, preferably one that features CCTV. Even if you regularly use the same ATM, try to remain vigilant.

Be vigilant with your calls and e-mail

It’s also wise to never send any of your login details over e-mail. No genuine bank will ever ask for any of your security details over e-mail. The same applies to phone calls. Never discuss any private information with anyone that has called you.

Source:Flickr

Source:Flickr

 Use a VPN

There’s one big thing people forget when asking: are online banks safe? Wi-fi has an inherent vulnerability. The fact data needs to be transferred wirelessly means it can be intercepted. The online banking fraud figures have been rising at an alarming rate over the last decade, and millions of people have been attacked through this vulnerability, known as ‘Krack’ (Key Reinstallation AttaCK).

If you use a VPN (Virtual Private Network) you take your security to the next level. It hides your identity and adds a level of encryption to the data transfers, which is even more crucial when using public wi-fi hotspots.



Source:Flickr

Source:Flickr

Check in regularly

If your details are ever compromised, the sooner you notice the better. Despite their best efforts, banks are still regularly subject to fraud. Forms can be forged and the average banking customer can fall prey to identity theft. Keeping a regular eye on your transactions and balance will raise the alarm if there are any transactions or changes you weren’t expecting.

Overall, banks and financial institutions do a good job of keeping our money and data safe, but no matter how much money they invest in security there will always be weaknesses because we are human and we make mistakes. Creating a secure routine you stick to when dealing with your bank will help ensure you stay secure.





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Alisha Jose does not belong to our organization, her opinions are her own. With a finance major and a passion for writing, she contributes for AMBCrypto.

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1 Comment

1 Comment

  1. Avatar

    Tony

    August 11, 2018 at 12:53 AM

    I ALWAYS use a VPN when I check my bank info–especially when Im on my phone. I use ExpressVPN, which is roughly $8 a month, but there are cheaper options.

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Boss Crypto Review – Inside The Crypto Academy

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Boss Crypto Review - Inside The Crypto Academy
Source: Boss Crypto

As a cryptocurrency trader and investor myself, I understand how important high-quality information, market analysis and educational material is. In this Boss Crypto review [bosscrypto.co] I am going to go behind the scenes and do my best to outline the pros and cons of their new Crypto Academy.

Let’s Begin…

Welcome To Boss Crypto

After you fill out your application form and activate your free trial you will need to wait for 6-12 hours for your application to be reviewed. When you are accepted you will receive three emails from Boss Crypto.

  1. An invitation to join the private channel
  2. A welcome email which contains a one-click cancellation link in case you want to cancel your free trial before getting billed
  3. Your login details to the membership site where you get access to the crypto trading course, the portfolio and the lessons archive

If your application is not accepted you will receive a message stating that your subscription has been canceled, they have wiped your details from the database and you will need to apply again at a different time.

Your adventure begins with a personally written welcome email from Tom at Boss Crypto. I have previously seen free trading courses that he has put out, as well as enjoyed reading his writing on Medium and Quora so it was nice to receive a personal email from him.

Joining The Private Channel

After accepting the invitation to join the private channel you will be taken to the #get-started channel. There is a ton of reading to go through here to help you make the most of the Boss Crypto channel. There are complete support documents all hosted on Intercom which makes adjusting to the new environment quite easy.

Source: Boss Crypto

You will quickly learn that there are two main channels used by the Boss Crypto traders and one main discussion channel. Even though there are 22 channels that are used for all kinds of discussions between members it is surprisingly easy to get all of the information you need in just three of those 22 channels.

My first experience with the type of content in the Boss Crypto Private channel was a little surprising. There is a focus on education, unlike anything that I had seen in the past. When I arrived I found a number of in-depth video market updates, updates on their positions, portfolio and market analysis all in the last few days. The way it was framed was all to try to explain the reasoning and methodology behind the decisions themselves to try to help the students [me] understand how to think and how to act in different market conditions.

Signing In To View The Course

You receive your login credentials as soon as you start your free trial so you are free to jump in and start the course straight away.

The course is divided into four main modules with a fifth bonus module.

Boss Crypto

Boss Crypto

The overall experience of taking this course is fantastic, as you can see from the above screenshot [Technical Analysis Next Level Setups] each module is broken down into a number of lessons and then those lessons are broken down into individual topics. So one module can contain over 5 hours of video lessons.

Reviewing the Boss Crypto Trading Course

Here is what you learn in the Crypto Trading Course:

Module One – Cryptocurrency Essentials and Foundations

  1. Cryptocurrency, blockchain, and Bitcoin explained clearly for the first time
  2. How to get your fiat to Bitcoin – simple, fast, safe.
  3. How to safely store your cryptocurrency so you never get scammed or hacked.
  4. Get access to our top cryptocurrency exchanges and learn how to use them
  5. Learn how to read a chart and completely understand what it all means.
  6. Learn our formula for valuing cryptocurrency and blockchain projects.

This section is targeted for people that are new to cryptocurrency and trading. It starts with an overview of Bitcoin and Blockchain technology which would be helpful for those that still don’t quite understand the technology. It is followed by a basic overview of the best practices you should follow to keep yourself while investing in the cryptocurrency markets as well as a summary of the basic skills you need.

Module Two – Trading: Emotions, Plans, Mindset and Success

  1. Conquering Emotions, Mindset and Success
  2. Goal Setting To Conquer Trading & Life
  3. Organize Your Life and Your Trading
  4. Your Trading Plan [Includes Downloadable Template]
  5. Your Trading Journal [Includes Downloadable Template]

This was an interesting section. It starts out talking about the role emotions play in trading and investing and really helps you to understand the significance of your mental state. Tom then begins to break down his own life in regards to organization, goal setting, trading and formulating a success mindset. This was a really unique section and I really enjoyed it.

He then brings it back to trading providing you with a trading plan that you can use and optimize for your own specific situation. He also provides his trading journal template which I have been using religiously since receiving it.

Module Three – Technical Analysis: Next level setups and strategies

  1. Basics of technical charting
  2. Are We Bullish Or Bearish? The Basics Of A Trend
  3. How To Use Trend Lines
  4. Support and Resistance Levels
  5. A Complete Run Down On Technical Indicators
  6. Fibonacci Levels
  7. Classical Charting Patterns
  8. Trading Candlestick Setups

This is for the intermediate traders and go through the essential knowledge you need to successfully analyze markets using a technical framework. There isn’t anything that I could think of that was left out however as technical analysis is a large field there are plenty of other aspects you could research further, such as Elliot Waves theory etc.

Module Four – The Boss Crypto Trading Strategy

  1. The Setups
  2. Focussing On The Trend and Market Cycles
  3. Drilling Down Multiple Timeframes
  4. Managing The Trade – Your Complete Guide
  5. The Fractal Model
  6. Position Sizing and Risk Management

This is the most in-depth course I have seen that teaches an actual trading strategy. In this module, you learn the exact strategy used by the Boss Crypto traders. I found this module quite intense and had to re-watch it to make sure I fully understood all of the concepts that were explained. However, after going through it I had a complete framework that I could now use to evaluate the markets. Combined with the support I received in the private channel meant that I could use the strategy, and ask for help whenever I got stuck.

Reviewing the Boss Crypto Private Channel

There are two main trades channels that you will need to follow to get value from the private channel. Those channels are #trades and #trades-2. In these channels Boss Crypto – Boss and Boss Crypto – Alex post their trades and analysis.

Source: Boss Crypto

There is no real substitute for seeing the real thing, but I thought I would share the above picture to give you an example. This was half of the post from yesterday’s market update from Boss.

In the private channel there are two other main trades channels #Trades-4 and #Trades-5 where their partner from JRM Jason Jenkins and their fundamental analyst who has been investing since 2011 post their trades and analysis.

Between the four trades channels there is an incredible wealth of information posted.

I made use of the #help channel a number of times posting questions about exchanges, technical support, information about wallets and generally anything that I needed help with. My questions were always answered by another member of the community or Boss himself often within minutes.

The main discussion channel #trades-chat was extremely active and I was learning a lot just joining in the discussions there with other students.

Overall the experience of using the Boss Crypto private channel was extremely rewarding. They cover literally everything that I need. From news, to support, analysis, market updates, discussion channels, ICO analysis, trades, portfolio suggestions and just a fun place to hang out the Boss Crypto private channel has it all.



Conclusion

I recommend anyone reading this to try out the Boss Crypto Academy with their 7-day free trial option, just click the “try for free” button and submit your application. You can sleep easy knowing that even if you forget to cancel your subscription before the end of the 7-day free trial you are covered by their 30 day money back guarantee to get a hassle-free refund.

While the price of the service is $99/mo if you break it down to $3 per day, this is one of the absolute best investments that you can make in the space. So please, don’t take my word for it, head to Boss Crypto and try it yourself for free right now.





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