Category Archives: My Blog

Having A Credit Card Can Help You

Having A Credit Card Can Help You

The first thing that comes to our mind hearing credit card is that means having a lot of debt. But it is not always true. Credit cards can help you if used in a correct fashion. Here are a few reasons you should consider having a credit card.

1) Can help your credit score: A credit card can help to build a strong credit score if you are regular with paying your credit balance. You should keep the credit card open if you have a good payment history. Using your credit card for smaller amounts and repaying them back fast is a great method to build your credit history. This credit history can help its users to save thousands of dollars when you apply for other loans. Creditors often look for your ability to repay their amount and credit card is the best to show them that you can manage the repayments. The creditors may apply higher interest rates if you do not have a credit history.

2) You have the card for a long time: The credit score considers the duration of your credit history. If you are using a credit card for a long duration it can help to keep your credit score higher. If you choose to close your card for another with lower interest rate or annual fee think carefully as you may lose all your credit history along with the card.

3) If you have only one card: Closing your only credit card may not be a wise decision. If you do not have many credit cards and choose to rely on only one it is wise to keep that card active.

4) Repayment: If you are closing the credit card because it is difficult to repay the credit balance, think of other ways to repay the balance instead of closing the credit card. You can choose to earn a little extra from another source of income like trading. There are many automated trading robot in the market like the Ethereum Code that makes the trading an easy way to earn good returns.

5) Emergency funds: Credit card can be very useful at times when you do not have enough cash on your hands. In case of emergency, money should be the last thing on your money. Using a credit card instead of opting for expensive payday loans is the best choice to make. Credit cards often come with interest rates of 15% which is much better compared to the high-interest rates for payday loans.

Comments Off on Having A Credit Card Can Help You

Filed under My Blog

Understanding the commodity trader

Understanding the commodity trader

The commodity market is the virtual or physical marketplace wherein one can buy, sell and conduct trading of various primary or raw products. Now there are about majorly 50 commodity market in the world which helps in facilitating investment trading of around 100 varied commodities.

A commodity trader is the one who focuses only on investing in physical substances like gold and oil. These traders are often dealing with those commodities which are used at the beginning of a production process like copper for the construction.  The traders mainly take the positions based on the arbitrage opportunities and the economic trends that have been forecasted.  The most commonly traded commodities are gold and oil but there are also markets for wheat, sugar, cotton, cattle, silver, lumber and other precious metals.

However, to trade in commodity market one should have a proper knowledge and prior experience of the market. But it is not the same for cryptocurrency market.  In cryptocurrency market, the digital currencies are bought and sold with the purpose of earning a profit. You can earn money quite easily without putting any effort if you use the software known as bitcoin code. Check this out here to get a better idea of this automated software.

More insight into commodity trader

In the market, you can find different kinds of commodity trader. Some of them operate independently and they trade on major exchanges, while few other works for the producers of a large commodity like international oil companies.These traders main job is to supply their customer competitive bids and at the same time, they need to secure the best deal for the producer. Also, you can find some of the commodity traders working as broker-dealers.  Even there are few speculators we can find in the marker.  These kinds of traders try to reap in profits by studying the commodity’s price movement. Most of the contracts are hedged.  They won’t have any requirement for these assets, but they will gain some exposure through future and forward contracts.

The commodity trader has to quickly react to the events that move the market. For instance, a natural calamity will affect different markets at a particular time such as a hurricane can wipe out the orange or sugar crops which will result in price rise of these products because of the limited supply.  In order to trade profitably, the traders have to react fast or else, you will not be rewarded as the price would have already changed.

 

Comments Off on Understanding the commodity trader

Filed under My Blog

The Secret To Successful Investing Is To Never Stop Learning

The Secret To Successful Investing Is To Never Stop Learning

Be it a new or a seasoned investor, one thing each of them should realize is that there is never an end to learn about investing. The best investors keep gathering information and learning new things and different ways to evaluate the stocks. This lets them better their trade plan and in turn increases the trading success.

Always understand the volatility of the stocks

A very important thing that you should know when buying a stock for your portfolio is the stock’s volatility. You should know the volatility of the stock which can be done by comparing its beta. The beta of the stocks compares how volatile the stock is as compared to the index. If the beta of the stock is less than one then the stock will not move as much as the market, in either direction. If the beta value is more than 1 then the stock is volatile and will move a higher percentage than the market. Abeta of 1 means, that the stock is as volatile as the market.

Always avoid these mistakes in the stock market

Some mistakes are dangerous and they are a trap to wash away your capital. Know about these well in advance so that you do not fall prey to it.

  • Never invest in penny stocks. These are stocks that do not follow any levels and they are just a trap. Stay away from stocks that are not part of the index or that that are trading at a very low value
  • Never buy stocks because you have heard a rumor. Always do your own research and make an informed decision before you invest into a stock
  • Margin trading seems very attractive but in reality, it is just a way for your broker to make money. The margin is nothing but money that you have borrowed and a beginner in the market you should never be tempted by it. The broker would tell you that it will let you magnify your profits. The other side of the story is that it helps to magnify your losses as well.

In the stock market history repeats itself

It is true that the past performance of the market is not an indication of how it will perform in the future. However, there are many historical patterns and levels that keep repeating time and again. There are many stock patterns that technical analysts study on this trading software to understand how certain chart patterns indicate a particular move.

 

Comments Off on The Secret To Successful Investing Is To Never Stop Learning

Filed under My Blog

More Information About The Business Plan

More Information About The Business Plan

The written document which describes the business is called a business plan.  It will cover strategies, objectives, marketing, sales, and the financial forecasts. The business plan performs several functions from measuring the success of your business in securing the external funding and so on. Hence one should take extra care while preparing the business plan. You should not get distracted by other things while you draft the plan. If you are into trading of digital currencies, it would be ideal if you could use the help of automated trading robot like etherum code to do the work for you. Trading is an excellent source of additional income.

Benefits of the business plan

If you are able to create and manage a practical business plan, then it can assist you in securing the funds and also acts as a measurement for your success. Potential investors would be ready to invest in your business and work with you on the basis of the business plan’s strength.  The business plan will:

  • Help you in identifying the potential pitfalls even before it occurs
  • Helps you to structure the business’s financial side efficiently
  • Focus all your efforts to develop the business

Mainly it will help in monitoring the performance of the organization. You need to regularly update and change it as the business grows. You should honestly reflect the workings of the business. If you fail to do that, others would have unrealistic expectations out of your business.

Inclusion in the business plan

The plan should include the following things:

  • Ways you are planning to develop the business
  • Time-frame in which you plan to achieve that
  • Duties and responsibilities of the people involved
  • How do you plan to manage the finances?

The above mentioned are the broader outlook of the plan. The structure of the plan should be the below-mentioned things:

Executive summary- It gives an overview of the business. It is the most critical part of the plan. Most of the lenders take decisions based on this part alone.

Description about the business opportunity- It should cover the following things like what you plan to offer, why do you want to do so and to whom

Sales and marketing strategy- Why the people would buy the things you are planning to sell and how you are planning to sell

Operations- It covers production facilities, premises, Information technology, and the management information systems

 

Comments Off on More Information About The Business Plan

Filed under My Blog

Basic Information About Cryptocurrency Trading

Basic Information About Cryptocurrency Trading

Cryptocurrency trading means trading in virtual currencies like bitcoin, altcoin, etc. In order to start trading in virtual currencies, the first thing you need is an exchange and cryptocurrency wallet to help you trade.  Once you have finished with this process, you just have to fill a form and wait for the processing of the transaction. The transaction will get initiated once the information provided by you gets verified by the exchange you picked.

Things you should be aware of before trading in cryptocurrency

The cryptocurrency market does not come under the normal stock market- The cryptocurrencies are traded entirely on a different platform and is not regulated by any authority. The authenticity of the transactions is checked with the help of blockchain technology.  The entire history of the transaction is stored in the network of computers and one can easily retrieve the source of each transaction.

Many trading platforms are available- The traders and the investors are spoiled with the choices of varied trading platforms. One can choose a platform which suits their preferences. It can be easily accessed and all the platforms are user-friendly. The popular one among the users is the ethereum code software that assists people in trading. It has been consistent in giving good results and has been only gaining good reviews so far.

Cryptocurrency market is a 24-hour market- The market is active throughout the day and night. One can trade anytime from anywhere he wishes and it does not matter which part of the world you are from.

Volatile market- The cryptocurrency market is highly volatile. Hence if you are a beginner in the industry, it is ideal if you transact using automated trading robots. Once you learn the game of trading, you can take decisions with regard to trading.  This is the only market wherein one can easily make money within a few days because of its volatile nature. Also, if you are new to the industry, you should choose a strong and popular coin like bitcoin.

Begin the process of trading

It is very much easy to begin trading. You just have to visit the official website of the trading platform you have chosen and enter all the basic details. Once the details are entered, the account gets activated. You need to deposit nominal money into the trading account to start the process of trading.  The auto-robots will trade on the basis of the preferences set by you.

 

Comments Off on Basic Information About Cryptocurrency Trading

Filed under My Blog

Beginners Guide To Trading

Beginners Guide To Trading

If you want to enter the world of trading, then the first thing you need to choose is a trustworthy broker for you. Do a research on the major brokerage firms available in the market, compare the fees offered by them and finally choose a one which suits your requirement. Even in the case of trading of virtual currencies, it is very important to go through the reviews of the various trading platform before you pick one. Ethereum code is popular software that has been getting only good reviews and you can read all about it here.

After you choose the stockbroker for the trading of stocks, you need to understand about different types of trades that you could place in the market. It is important that you know about it to avoid committing any mistakes.

Types of trades

Market orders- The most common and the simplest type of trading is the market order.  The market order just informs the broker to trade in whatever the price is quoted when the order is executed.  It has a low commission as they are quite easy to execute.

Limit orders-  In the case of limit orders,  it allows the trader to limit either minimum price you wish to accept while selling or the maximum price that you will allow in case of buying. The major difference between the limit order and the market order is that the stockbroker will never guarantee that the limit order will get executed.  There are things you need to know when you place the limit order:

  • The price of the stock may never rise or fall to the limit set by you. Hence, the order might not get executed.
  • Limit orders get executed only in the order that has been received by the broker.
  • If at all there is a sudden drop in price, then the order will get executed at the limit price.

Day orders and Good-till-cancelled orders (GTC) – Whenever the trade is placed, you should always give the trade an expiration date.   The day orders get canceled when the day ends. Mostly all the orders placed by the traders are day orders.  But in the case of GTC orders, the trade remains open till one of the following things occur:

  • The trader cancels the order
  • They get filled completely
  • 60 days gets passed

It is always best that you get prepared well and understand the market before you place an order.

 

Comments Off on Beginners Guide To Trading

Filed under My Blog

How to trade with online stocks?

How to trade with online stocks?

Trading in stocks can be financially satisfying if done in the appropriate manner. Investing in the stock market includes handling the highs and lows in the market. The onset of online trading has resulted in a simpler of trading in online stocks.

It might take some time for you to hone your skills for trading online stocks.  A full report for trading online stocks is as follows:

Knowing the financial performance indicators

In order to completely understand the financial performance of the online trade market, it’s essential to read and be aware of all the latest financial and economic news from the websites. Listening to podcasts or watching online courses about investment trading or joining an investment club in order to acquire knowledge from the experienced and skilled investors would be advisable.

Reading books that provide guidelines for online trading, the basic trading know-hows and risk factors gives an in-depth insight into it.

Train with an online stock simulator

An online stock simulator is a make-believe trading game that duplicates online trading. Making use of it helps you to exercise your skills with zero risks involved. Most of it comes with forums or tutorials where the investing strategies can be discussed.

However, the simulators don’t reflect the actual results of trading and are mainly used to analyze the theoretical trading systems. Actual profits are quite difficult to obtain compared to the imaginary profits. A few online stock simulators are Wall Street Survivor, Investopedia, and MarketWatch.

Trade penny stocks

Most of the companies offer stocks that are traded at a very low cost. This provides the investors with an opportunity to exercise leveraging the market without much risk involved. Penny stocks are mainly traded outside the various major stock exchanges. On a general basis, trade takes place on the over-the-counter-bulletin-board (OTCBB) or via day-to-day publications known as pink sheets.

Most of the legal brokers won’t accept penny stock orders because of the scams and frauds that are ingrained in this market. Beware of the fact that penny stocks can be quite a risky sort of investment. The Securities and Exchange Commission (SEC) says that it is absolutely intrinsic to precisely attach prices to them and that it can be quite complicated to sell once you own them, can’t be easily liquefied. These stocks are also sensitive to high bid-ask spreads, which is the difference in the price of buying and selling the security, thus making it difficult to make money by trading with it.

Comments Off on How to trade with online stocks?

Filed under My Blog

The Ugly Truth behind Aurora coin

The Ugly Truth behind Aurora coin

After closely examining the Aurora coin blockchain several fraudulent activities came into notice of the observers some of them are discussed below.

  • False Blockchain data

The miners of the coin validate the transaction, this normally happens in cryptocurrency. But in Aurora, several blocks were added to the blockchain whose transaction records were not found and validation was out of the question. The blockchain can be reviewed using the blockchain explorer for all the cryptocurrency. The same rule is applicable to Aurora as well but For this coin, when the blocks were explored severe disparity was found up to 7809 blocks.

  • Big winners

It was designed to be distributed among the fellow citizen of Iceland. But big winners of aurora are someone else, it was found by the researchers that two pools of miners have mined about half a million of aurora coin even before it was to distribute among its citizen. Such a kind of fraud has never happened before in the history of cryptocurrency.

  • Severe fraud

If closer looks are taken on it on can find it is far from success what it portrays to be. Aurora coin website claims that each citizen of Iceland will be awarded 31.8 coins from 25th March 2014. Believing this statement about 3108 transactions were identified as potential claims, even this transaction matches the Aurora blockchain explorer. But the catch is yet to be discovered, an oversight was found by an investigating team that claims to be 0.39% but the official website of Aurora coin claims it to be 0.21% which is a clear mismatch.

It is also been diagnosed that the same address is getting multiple transfers, there is no incentive for the transactions made, to make it look like an authentic claim. The fraudulent claims were only identified after filtering the address that got 31.8 coins multiple times.

The fraudulent activities have increased after the Airdrop has started and kept on increasing ever since. A number of new claims have dropped and after that, if new claims are happening most of them are identified as fraudulent. About 30% of the claims that are made to date are identified as fraudulent excluding those which are made from a different address.

  • Security failure

Icelandic citizen is required to identify themselves with their Nation Identification Number in order to receive Aurora coins but in practice, none of the citizens have ever used such number to authenticate themselves. To know more click Aurora Mine.

 

 

Comments Off on The Ugly Truth behind Aurora coin

Filed under My Blog

A Failed Cryptocurrency

A Failed Cryptocurrency

A person named Baldur Friggjar Odinsson gave a chance to almost all Icelander to claim their own cryptocurrency, he called it “Auroracoin”. he aimed at breaking the fiat currency financial system of his country. But today it is totally safe to say the experiment was a total “ failure”. Big promises were made to the Icelanders that they can 31.8 Aurora for premise pile but all were just empty words. Traders were dreaming big thinking this currency will be a big groundbreaker.

Devaluation of aurora started as soon as everyone started claiming their part. No one expected that its devaluation will happen so fast, on the very first day of its launch it was it was reduced to 50% and on March 25th its value dropped to 99.9% from the market valuation. Although you can still find Auroracoin out there living like a dead.

In need of participants

It had created a lot of expectation among the Icelanders, shopkeepers were waiting for its launch to accept it as a payment mode. To be used as a geographical based virtual currency it should have use beyond market speculation, but here also it failed to prove itself. The price stability of this coin was missing so much so that the shopkeepers were unable to accept it in their business.

Mr. Robinson planed to distribute half of the total coin-in three rounds which means every time when this free coins are available it will face devaluation. the law of supply and demand cannot be ignored, the behavior of Aurora can be viewed similarly to central bank printing currency when too much printing happens the currency loses its value depending on other criteria as well.

Other follows and fails

As the ruinous world of cryptocurrency is widening its grip the crypto enthusiast cannot keep away themselves from it.  Many enthusiasts from other European nations followed the footprints of Aurora and created their own virtual currency. But unfortunately none of them have seen the market capitalization value of 120 million dollars which was seen by Aurora on the day of its launch, but everything changed on the same day. Its world was upside down on the very first day. Some of these newly developed local coins are dead within a few months of its launch. Perhaps with the failure of first local altcoin, the dream of creating an alternate coin that will break all the “shackles” and help its fellow citizen has also come to an end. To know more click Aurora Mine

Comments Off on A Failed Cryptocurrency

Filed under My Blog

Is Auroracoin a Scam?

Is Auroracoin a Scam?

Auroracoin was created in February 2014 and is technically based on Litecoin. About 31.8 arurora coins will be available to the citizens of Iceland that is also for free, and they can avail of this simply by using their ID number. Is it a kind of experiment? What will happen when everyone gets a small portion of cryptocurrency? Will people use it and make it a second economy? Or will simply reject it? It is really hard to believe that this currency will make its own place.

The value of Aurora was very small when it was first launches as 31 coins were the very small number to hold big value. But suddenly it started to earn its value when people based out of Iceland started to buy it when it was not even distributed to the citizen of Iceland. In the beginning, the price of the coin was $7 and for 31 coins the total value will be around $220. With this price, anyone will buy it and start using it. But it was unbelievable that happened over the weekend the coin price shot from $7 per coins to $66 per coin! Which means every citizen of Iceland will suddenly get $2000 at current market value.

So what will the citizen do now? Will they sell it off as soon as they receive the money so that the price plummet? And the media will get a chance to make a publicity that the city rejected the currency.

The hackers who created the Auroracoin are too much smart and are creating this hype to get rich within no time. The coin that was just created a few months back now worth $700 million and over 17 million is already traded. They could make a few million dollars per simply by selling these coins.

All these predictions may not happen but after the Mt Gox disaster nothing is surprising, the name of the person who created the coin does not exist in reality, but it does not make the coin a scam. Even Bitcoin is created by someone who never faced the real world but coincidentally is the owner of 1 billion Bitcoin whose market price is $700 million.

The creators of these coins are making money which is beyond their expectation and simply spreading the fake news of distributing the coin. This is a perfect financial crime and no one can sue them for committing this.  Click Aurora Mine to know more.

 

 

Comments Off on Is Auroracoin a Scam?

Filed under My Blog