Category: Money Service Business

Learning to trade the major chart patterns in the Forex market

Chart pattern trading strategy is a very effective way to secure big movements in the market. The novice traders are always trying to ride the newly formed trend and looking for the big market movements to earn a huge amount of money. Most of the time, they are using the news factors to execute the trade. But this not the proper way by which the elite UK traders are taking the trades. They are using the major chart pattern to find the profitable trade signals.

Learning about the chart pattern trading strategy is a very complex task. However, if you follow the guidelines mentioned in this article, you may expect to master this technique within a few months.

Trade in the major currency pairs

People always love to make big money. Due to intense volatility in the cross-currency pairs, people often think they can make a big amount of money by taking the trades in the synthetic currency pairs. By doing so, they lose a big portion of their investment. While learning the basics of the chart pattern trading strategy, retail traders should look for the trade signals in the major currency pairs. As the price movement in the major currency pairs is much more stable it provides better profit-taking opportunities. Though you will feel bored, it is by far the most efficient way to learn the chart pattern trading technique.

Move to the higher time frame

You should never look for the major chart pattern in the lower time frame. Those who are looking for the chart pattern in the lower time frame are making big mistakes most of the time. To keep pace with the modern dynamics of the market, professional traders suggest trading in a higher time frame. And to ensure quality trade execution, you also … Read More ...

What Is The Best Insurance Policy For Investment?

Life insurance has the ability to cover your funeral expenses and provide for those you left behind. If you have a family that depends on your salary to pay the bills and you’re interested in providing a measure of security for them, then life insurance is just the best investment you can purchase.

What Is Life Insurance?

Life insurance is a contract between you and an insurance company, whereby you pay a specified amount of money as premium to the insurance company, and in exchange, the insurance company would pay a huge amount of money as death benefits to your loved ones after you die.

Returns on life insurance policy can be used to cover day to day activities, pay outstanding debts, to name but a few. It was noted on reviewsbird.co.uk that; your finances and how long you want the investment to cover you, would help you determine if life insurance is a smart choice for you or not.

Nevertheless, before you come to a decision, you need to know that there are two types of life insurance policy and understanding them would help you to know which insurance policy to invest in. They are:

·       Term Life Insurance

Term life insurance is a policy that covers you for a specified amount of time. Just like other insurance policies which may include car insurance, it is a pure insurance. You pay a minimal amount as premium for financial protection which would last for a specified amount of time; usually 10-30 years. But in this case, the only difference is the benefit being paid out upon death.

According to the industry expert, this is the only type of life insurance most people should consider. After all the financial protection provided by the death benefit is the main purpose of … Read More ...

Ways to send money internationally at little or no cost

In times past, sending money internationally, whether to loved ones in the diaspora or for any other reason used to be a difficult and tiring task, with challenges like which channel to use, the possibilities of poor services and delays of sending money, and more saddening, the high charges by a lot of channels.

Presently, thanks to technological advancements, numerous apps, and online services, particularly those that specialize in sending money internationally, sending money to any location around the world could not be easier. However, the associated costs and time it takes to get your money to its intended recipient can vary according to the channel.

That’s why we’ve put together a list of some of the top services that can help you get your money where it needs to go. A review of useful apps can also point you in the right direction if you need more information.

In this article, we have outlined and explained some of the best ways to send money internationally.

 Ways to send money internationally

The below are some of the ways you can send money internationally at a very little or no cost at all.

PayPal

PayPal is one of the most used platforms in sending money internationally. You’ll notice that many sites list PayPal on their list of transaction choices. You can decide to send money through PayPal with your credit card or your bank. There are comments and reviews about PayPal on platforms like ReviewsBird.com that can help you decide if you want to use the payment platform or not.

Western Union

Truth be told, Western Union has been around for a long time. They are seen as one of the oldest channels outside the banking system for sending and receiving money quickly and the service has succeeded in keeping with … Read More ...

How Can You Avoid Common ETF Trading Mistakes?

The Forex industry is one of the riskiest trading platforms in the business world, but because of its potentiality to invest and receive greater profits, people tend to join here. A common aim of these people is to earn money from this market. Many of these traders don’t even know how this platform works and how to buy and sell currencies. As a result, new traders in Hong Kong make mistakes and keep doing making them continuously, which destroys their entire trading account.

Here, we will mention some common Forex trading mistakes and ways to avoid them.

Common mistakes in the CFD market and the ways to handle them

1.     Lack of proper education and knowledge

Newbies only concentrate on making money from this market. This is the reason why they run after the profits without thinking about the necessity of knowing the basic terminologies of the industry. Many beginners believe that only sticking to a particular Forex strategy can bring them success, which is not true. As a newbie, you will never realize the weaknesses in your plan. Only after knowing about the technical indicators and their uses will you realize how important it is to educate yourself before entering the market.

2.     Skipping the trading strategy

This is the second common mistake that novices make. They don’t feel the need to adopt a plan. Instead, they skip it and finally get trapped in the bearish movement. The trading strategy is like a set of strict rules and regulations that every investor should follow. Half of the process should be developed using the essential elements of trading and psychological tolerance, while the other half should be developed using risk management techniques. Many professionals suggest that the rookies must include a few risk management methods like stop-loss and take-profits … Read More ...

Types of Digital Tools That Support Finance Functions

 

The word digital has been the buzzword for some time in various fields, but the finance and banking sectors have only recently started harnessing its benefits. Digital transformation entails changing your financial services from the complex, time-consuming operations in the past to quick, simplified structures. For financial institutions, the transformation focuses on the capitalization of emerging technologies to change employees into the best possible performers. Digital transformation includes several tools that will enhance productivity and efficiency.

The following are the digital tools that will change operations in your finance department.

Cloud Computing

According to a black and white paper on the adoption of cloud computing in finance, 51% of companies already use it, and 16% are planning to do so. This is because of the realization that cloud computing for finance departments means the expedition of new digital workflows that boost interdepartmental and customer collaboration. Moreover, moving to the cloud allows you to easily scale the data for core finance functions like billing, consumer payments, credit reports, and financial statements. With the financial services sector being a common target of cybercriminals, cloud computing is also the best choice to safeguard your clients’ data.

Data Visualization

The financial sector is a data hub in most organizations. Data visualization tools allow financial analysts to trace the intersections of data, explain complex data, and present their data in an easy way that guides decision making. The tools can also help financial leaders to track the performance of teams by correlating their data analysis with KPI metrics.

Robotic Process Automation

With most financial institutions working on multiple technology systems, robotics process automation automates communication and transactions across these systems. This digital tool addresses the primary challenges of the financial industry, including:

  • Billing, account receivables, and collection operations.
  • Planning, budgeting, and forecasting.
  • External and
Read More ...

Knowing the best international money transfer service

If you are the type that is looking to embark on a journey, of course, there is no how you will not need to do money transfer so as not to be at a loss. You need to know how much it will cost you to transfer your money, where to go, the best company to help you handle it. Most of the time, people who do not eventually run at a loss go as far as reading money transfer reviews online, which is what guides them on the best company to trust. There is no how you will not make mistakes if you don’t know how people go about making an international money transfer.

International money transfer is a means of sending money to someone or a company overseas without necessarily needing you to travel. Only licensed bodies have the authority to handle such assignments either electronically or through direct cash.

What did it cost to transfer money?

Nobody can give a direct answer to that. The cost of transferring money varies from one company to the other, and most of the time, it depends on the amount you want to move. Another thing that makes it change is the country you want your money to go.

Why it is safe to use a specialist money transfer

The first reason why you should use an expert money transfer service is that they specialize in what they do. Transferring money is what they do all day, and they work hard to ensure their rates are competitive so they could win more customers to themselves. Before you go for the service of money Transfer Company, you should look for either of the following qualities.

Things to look for when choosing a money transfer company

There are lots of things to consider … Read More ...

Is Your Financial Adviser Providing Value For Money?

Planning for your long-term financial future is no easy task. Each individual has their own wants and needs, as well as their own level of acceptance of risk. Knowing where to find hard and fast rules on how to invest, how much to invest and how to plan for post-retirement can be challenging, and this is where a financial adviser may help.

Image Credit

Financial Adviser Skills

A regulated financial adviser has trained for many years to give knowledgeable advice on the various investment types available to you. They often use financial adviser software to monitor the performance of indices, shares and other investment opportunities. An adviser can chart these in real time to make calculated decisions about where to invest.

This service does not happen for free, but you do gain an adviser’s expertise on the financial sector. This knowledge can save hours of work for the standard investor. Specialist financial adviser software is also often unavailable to the general investor, limiting the effectiveness of an investment plan when an investor chooses to go it alone.

Image Credit

Behavioural Coaching

A financial adviser also provides intangible services that can help you make successful financial choices, and this is known as behavioural coaching. A study found that coaching in this way was the most important service a financial adviser can provide.

Behavioural coaching aims to help you live a financially efficient life. For this, it is essential that you have a close relationship with your financial adviser, sharing all the relevant information about your income, expenditure and budget with honesty. Your adviser will give you advice on how to trim the fat on your expenditures, monitoring your budget as it evolves into something more suitable to your lifestyle using tools such as Intelliflo financial adviser software to help you carve … Read More ...

Combat The Stressful Times with Impounded Car Insurance

Having a car these days is more of a necessity than a luxury. Nowadays, everyone has a car for the simple reason that it helps them to facilitate easy and smooth transportation and commute. However, just owning a car is not sufficient. You must also take care of the various aspects of owning and maintaining a car. This ranges and encompasses everything from the servicing to the insurance. In this respect, insurance particularly plays a crucial role in determining the safety and security of your vehicle. By ensuring your car against all sorts of potential risks and damages, you can enhance the worth of your car. However, it is important to make sure that the owner of the car takes proper care to ensure that all the related aspects of owning a car. If you are stuck in an emergency with your car, then an impounded car insurance shall certainly come to your rescue.

Your saviour in times of emergency

A car is an asset which also a huge responsibility on part of the owner. You must be very careful before you take your car out on the streets. In order to make sure that the car is fully safe to take out on the streets, the most important requirement is to get the car insured. A car insurance shall protect your car against all sorts of risks and potential damages by offering a cover for the loss. Although taking up a car insurance is beneficial for the owner, yet you must take up the policy as part of the laws or else your car can be seized at any time.

In order to make sure that your car remains safe from all sorts of seizure, it is important that you must take care of the insurance of your car. … Read More ...

The Easy Way to Purchase Bitcoin Using Traditional Means

Oftentimes the hardest part of any endeavor is simply getting it started. To operate within cryptocurrency markets, one needs a cryptocurrency wallet. While finding the proper wallet to suit individual needs is an adventure in of itself, getting funds to deposit in that wallet is an even bigger headache. When bitcoin first emerged, it was almost impossible to get virtual funds using a traditional debit card, now it is much easier but only if you know exactly how to do it. Like anything else, investing in cryptocurrency has a learning curve. Luckily, guides like this are here to help show the way.

Bitcoin Broker

Cryptocurrency brokers are business that deal in cryptocurrency exchange. They allow virtual monies to be purchased using traditional means. Such companies facilitate exchanges by charging a slight percentage. The exchange does not use any rates, if you pay $20 you will get the exact equivalent in digital coinage. Most of these brokers have a set amount they can exchange in a week, so deposits have to be made in installments. They allow you to buy bitcoin with a debit card instantaneously. There is no wait.

The process to use a cryptobroker is akin to any normal transaction. First you have to establish an account, then you have to connect your finances to the account. This can be done in a variety of ways, for debit cards it is a simple matter of entering in the number. Once the account has been verified the exchange can take place. You have to provide the address to your cryptowallet first before the transaction can take place, this way the funds you purchase go somewhere you can access. You can choose the amount you want exchanged, that amount is influenced by the broker you use. Some deal in small amounts, … Read More ...

Tips on Establishing Your Personal Brand

With so many social media pages, bloggers, start-ups, and virtual companies, making a difference is becoming difficult. If you are in a profession or a business that requires creativity and standing out all the time, it can be exhausting to find a way to leave a mark.

Fortunately, there a few but sure ways that anyone can do so they can stand out in their chosen field.

Why is it essential to create a personal brand?

A personal brand is your or your company’s identity. It is what makes people remember you. If you are an individual job hunter, your brand can refer to the way you stand out in a stack of resumes.

A brand is your mark that defines your company. In many cases, it is crucial to have a unique one. After all, who will want to get a product or a service from a name that has no rapport with their customers?

How to stand out

There are no hard and fast rules on how to make a difference. There are, however, some ways that have been proven to work.

  1. Identify your strengths

Your strength does not have to be something incredible. It can be a characteristic that is unique only to you. It can be a past achievement. It can have something to do with your company’s history.

Being the only one-person web designer in your city is a strength. Being the first printing shop to expand to 3D printing is a strength. Creating a restaurant in a decrepit house is a strength. Use these.

If you are unsure, you can ask others to name your strength for you.

  1. Build your online presence

Today, people will not believe your shop or business exists if you do not have a website or even a simple social … Read More ...