Category Archives: Technology

Best OVO Mobile Review Of Australia’s New Competitor

Best OVO Mobile Review Of Australia’s New Competitor

OVO Mobile Review

 

Previously, we discussed the influence and usage of the mobile device in India. This post focuses on Australia.

OVO Mobile is a prepaid mobile phone service in Australia, as it’s fairly new, having only been launched in 2016. However, over the past year, it has amassed a huge following and won many awards. Most recently, it won the 2017 Money Magazine Best of the Best Award for the best value mobile plan – high usage category.

If you have heard great things about this type of cell phone plan and are considering switching, you may want to learn more about the service. Here is an in depth review of OVO Mobile service.

OVO Mobile Features

If you are considering switching to OVO Mobile, you will want to know what kind of features this service offers. For starters, OVO Mobile runs off the Optus network. Optus is one of the largest cell phone networks in Australia at this time. Using this 3G/4G network helps to provide you with the best coverage, no matter where you are in the country.

OVO Mobile Review 3
The service that offers a variety of plans for the customer on the go.

 

Another feature about this provider is that they offer a variety of plans at different price points. All of their plans include unlimited calling and texting in Australia. The difference among the plans is the amount of data you receive. When you are not connected to WiFi, you will use data to browse the web, watch videos and perform other tasks. Currently, the cheapest plan starts at $14.99 per month. This plan includes 1.5 GB of data. The highest priced plan is $44.99 and includes 12 GB of data per month.

The last feature to keep in mind with OVO is that they are a pre-paid service. The advantage to this is that you are not on a contract. You can cancel your plan anytime you wish, which is something you cannot do with regular carriers.

The Pros of OVO Mobile

There are many benefits to OVO Mobile. Learning about these benefits can help you decide if this is the right mobile service for you. Some of the benefits include:

  • No Contract

Having no contract with a company is a huge benefit. If you don’t like the service, you are not tied to the company. Or if your plan is not working for you, you can change your plan. Many companies require one to two year contracts. If you wish to get out of the contract, you have to pay hundreds of dollars in cancellation fees. This is never an issue with OVO Mobile.

  • You Are On One of the Top Networks

Another benefit of OVO Mobile is that their service runs off of Optus network, one of the top mobile carriers in Australia. This helps to provide you with coverage in areas where other provides may not have the best coverage.

  • You Have Unlimited Standard Phone Calls and Text Messages

Unlimited standard phone calls and text messages are pretty standard with most regular cell phone providers. However, this is not always the case with pre-paid providers. OVO Mobile is changing things up, ensuring everyone has equal access to unlimited calls and text messages. if you want unlimited on a pre-paid plan, this is the company to go with.

  • You Can Change Up Your Plan As You Want

The last benefit to OVO Mobile is you can change up your plan as you want. Are you planning on traveling soon and anticipating needing more data? Switch to a higher priced plan for that month and then drop down to your lower plan the next. Do you find that you use more or less data than you anticipated? Then switch up your plan. There are no costs to switch your plan and you can easily do so online, ensuring that their plans cater to your needs.

OVO Mobile Review 2

The Cons of OVO Mobile

As with anything in life, there are pros and cons. This is true with OVO Mobile as well. While there are many great benefits to this service, there are a few downsides as well. Some of the cons include:

  • Pre-Paid

One of the downsides to OVO Mobile is that it is pre-paid. Some people like pre-paid service, while others prefer to get their bill only after they use the service. If you do not like pre-paid services, you may not like this service.

  • The Plans Can Change

Another downside to OVO Mobile is that since you are not tied into a contract, the plan can change with 30 days notice. While the prices have not increased yet, there is always a possibility they could. When you are under contract, you know how much your plan will be and for how long.

  • Unused Data Does Not Roll Over

Another downside to OVO Mobile is that unused data does not roll over. If you don’t use it, you lose it.

  • A Lack of Retail Stores

Many pre-paid phone plans have a wide array of retail stores. This allows you a place to pick out a phone and pay your bill. Since OVO Mobile is fairly new, they do not have a large retail presence. Unless you have a retail location nearby, it may be inconvenient if you ever do need to visit their retail locations or prefer paying in store versus online. However, keep in mind that the low number of stores also helps to keep their overhead low, which in turn, helps to keep their pricing low.

  • You Have to Buy a Phone Outright

The last downside to OVO Mobile is that you have to buy your phone outright. When you are on a contract plan, you often make payments on expensive phones or receive incentives, such as a few hundred dollars off the phone if you sign up and agree to a two year contract. You do not get these incentives on a pre-paid plan. As such, you need to carefully weigh these incentives with the cost of buying the phone of your choice outright to ensure you are getting a fair deal.

OVO Mbile
Basic OVO Mobile banner. Image leads to website.
Reasons to Sign Up for OVO Mobile

Deciding which cell phone company to select from is a big decision. There are so many to pick from and each offer various benefits. If you use a lot of data on your phone, OVO Mobile is one of the best companies for you. They have much higher data limits than other companies. This is perfect for those who stream movies or TV to their phone. And OVO has teamed up with V8 Supercar content to offer free streaming of this service to all of their mobile customers, which is a huge perk. If you are tired of being under contract for your mobile service or are tired of paying large amounts of money for data, then now is the right time to make the switch over to OVO Mobile.

OVO Mobile is a great option for those who use their cell phones a lot and are tired of paying a lot for mobile service or being tied in to a contract. If you do not mind pre-paying for your service or do not want a contract, this is a great alternative for you. Give it a try today to find out why so many people who have made the switch already rave about OVO Mobile service.

 If interested, one can easily log on here to their website for further information on which plan are more suitable.

Understanding The Pivot Point Indicator

Understanding The Pivot Point Indicator

Pivot Point Indicator

 

Have you ever wished you could predict the future? Wished you could know if you need bother with the heavy coat for the cold? Are you in the stock market, and do you have a knack for organization and wish to predict and plan for your stocks in the next trading period? I am sure you have.

In the stock market, a good trade based on reliable future predictions determines the next multi-billionaire and the next person whose stocks crumble. This is why the pivot point indicator was created.

The Pivot Point Indicator.

Between two trading periods, a lot of changes can occur. These changes may be caused by a variation in the trade regulations and taxes, the entry of a bigger player in the industry or even a change in the government of the country.

The pivot point is a price that is used to indicate the direction that the market might be headed to. The pivot point takes a number of factors into account including the performance of the market during the previous trading period, the political changes and the trading policies that have been changed. This price is calculated as an average of every significant price during the previous trading period.

If the trading price is higher than the price during the previous trading period, it is evaluated as bullish, and if it is lower than the previous period, it is referred to as bearish. To account for these variations when calculating the pivot point, an expected price differential is indicated. These price differentials are indicated either below or above the pivot point and are referred to as either support or differentials. Supports are differentials above the pivot point while resistance is a differential below the pivot point.

There are different methods that are applied in the calculation of the pivot point.

Installing the Pivot Point Indicator on MT4.

The Meta Trader 4 is a trading platform that is used by most online traders and brokers. While using the MT4, it is best if you have a predictor for your prices, and the Pivot Point Indicator is a good choice.

Installing it is easy as all you need is to download the Pivot Point Indicator. Afterward, locate the Pivot Point Indicator files then open the folder indicated as “Data” on your MT4. Follow the succeeding instructions to finish the installation, and the chart will appear on your MT4.

Calculating Pivot Points.

Now that you have downloaded and installed the Pivot Point Indicator, you have to calculate the most accurate pivot point. A number of methods are used when calculating pivot points, but the most used method Five Point System. Calculating the pivot points using this system requires the highs and lows of the previous day in addition to two support and two resistance levels.

InstaForex Review

There are markets that run through 24 hours, like the New York Stock Exchange, while other markets have a closing time. The pivot points in a 24-hour market are calculated at 4 pm EST, while for the other markets, the pivot points are calculated at the time the market closes.

There are three types of pivot points:

a)        Fibonacci Pivot Point

Using this method, you first calculate the pivot point, just like when using the standard method. The range from the previous day is then multiplied by the by the Fibonacci level.

b)       Camarilla Pivot Point

When calculating using this method, the previous day’s range is used to calculate the day’s support and resistance. Using this method, you are expected to calculate 4 resistance and 4 support levels, which are then multiplied by a multiplier.

c)        Woodie Pivot Point

This method of calculation is different from the standard method. The resistance and support levels are calculated using the difference from the previous day’s high and lows.

How to Identify the Support and Resistance Levels.

Support and resistance levels are very important while determining the pivot point. They give the range within which you should trade at to maintain your profits or to make a breakthrough. Identifying the most accurate support and resistance levels is therefore very important. You can identify them using the following methods:

a)        Psychology

Humans are simple breathing beings, and for this reason, they try simplifying everything, numbers included. When calculating the pivot point, you can use human psychology to do it. For example, if the prediction given is 1.5722, most traders would round it off to 1.5700 while a prediction of 1.5773 would probably be rounded off to 1.5800. You can use these two levels as your support and resistance levels. The number of zeros indicated would increase depending on how powerful the psych levels are.

b)       High and Lows

Previous trades are very useful in the calculation of pivot points, and the support and resistance can also be estimated using these trades. There are some levels in the past that the prices have been unable to go beyond, and you can use this as your support. We also have some low levels that the market prices haven’t gotten to, and these prices can be used as the resistance levels. This is a tedious process, considering the fact that you will have to go through every trade done previously. However, its predictability is very accurate.

c)        Pivot Points

The third and most common method that is used in determining the resistance and support levels is the pivot points method. This method uses the previous’ day highs and lows, and these highs and lows are used as the support and resistance levels of the day’s trading. Different trading periods are used, but the most common one is the daily period.

[Investopedia: How To Convert Value At Risk To Different Time Periods]

Benefits of Using The Pivot Point Indicator

a)        Pivot points give us a general direction of the market, hence indicating how we should trade. For example, if the prevailing market price is above the pivot, it indicates bullishness, and if it is below the pivot, it indicates bearishness.

b)       The pivot point ensures that you don’t lose your way when determining the target. The pivot point is determined by getting the average of the resistance and support levels, and it is within these levels that you are expected to buy and sell.

c)        They can be used as indicators of when to open positions. To ensure that you don’t suffer losses when the market reaches resistance, you could go long, and when the market drops to the support levels, you could go long.

The Bottom Line

Pivot Points are very important; they determine the bulls and bears of the market. When well predicted, the pivot point can lead to the birth of billionaires, but if not when predicted, great losses can be suffered.

The Pivot Point Indicator is a useful tool that you can use with your MT4 to predict the resistance and supports, which in turn help you make the wisest decisions. Calculation of the pivot point can be done using several methods, but the recommended method is the use of the five-point method. With this method, you can easily get the resistance and support levels. These levels can also be gotten using other methods, including the evaluation of psych levels and using the market’s absolute highs and lows.

Trading should not be absolutely unpredictable, even though it is. The use of pivot points should enable you to trade much easier. Happy trading!

The Popularity of YouTube in India

The Popularity of YouTube in India

 

The popularity of YouTube in India

The most popular YouTube videos in India get hundreds of thousands of views every week, attesting to the popularity of the video sharing service in India. Like in the Hollywood-dominated West the popular YouTube videos in India are the latest trailers of new Bollywood releases or the hottest songs from Indian rock stars or musicians.

Tamil actor/singer Dhanush’s “Why this Kolaveri” was perhaps one of the most popular YouTube videos in India and had an impact similar to the one created by the incredibly famous and record breaking YouTube sensation, Gangnam Style by South Korean pop start PSY.

Browsing through YouTube, along with Facebook, is what a majority of Indians do on their mobile phones. India is the fastest growing smartphone market in the world, and most Indian buyers use their ultra-cheap smartphones to watch videos on YouTube.

The Importance of Mobile

Indeed, mobile is the most important part of YouTube’s India strategy, as the company owned by Google focuses on non-PC devices in countries with relatively lower PC and internet penetration such as India. Worldwide, mobile accounts for 25% of YouTube’s daily views, 1 billion in all, and this percentage is much higher in lower income countries such as India, or for that matter, in Africa.

Udemy- Online Courses

India is one of YouTube’s top five markets in the world and hence quite significant. YouTube’s primary focus is to keep growing alongside, as the penetration of smartphones, internet and “smart” DTH television grows in India. The primary focus, as discussed earlier, is on mobile penetration. YouTube plans to take advantage of the rising popularity of YouTube videos in India by integrating YouTube videos with direct-to-home (DTH) television subscriptions provided by Indian companies such as with Airtel, Tata Sky and Dish TV.

Not Just A Bollywood Thing

While the most popular YouTube videos in India have related to Bollywood, it is not necessarily the case that all top content providers in India for YouTube have links to movies to India’s “City of Dreams”.

Harsh Agrawal, of ShoutMeLoud, offers SEO lesson:

There are a plenty of content providers for YouTube in the country who have done remarkably well with their educational videos – such as, “how to change your hard drive”, product review videos – “New Google Nexus 6 Review” or “iPhone 6 Review” or some thrilling videos such as the video of stuntmen in Mumbai performing dangerous acrobatics on a moving train, which became viral, and eventually created a huge political storm, leading to stricter monitoring of Indian trains.

Point is, there is a great hunger in India for new and original videos, interesting videos, and they may have nothing whatsoever to do with Bollywood.

Video Tutorial in Hindi:

YouTube Popularity For Politics

Even politicians in India have taken to YouTube in a big way for their campaigning, none more so than India’s popular prime minister, Narendra Modi. Mr. Modi made YouTube and other social media platforms such as Twitter and Facebook the corner stones of his campaigning in the recently concluded election, which he won by a landslide victory. Mr. Modi has been a pioneer in Indian politics and very good with technology – which makes him very popular among India’s young voters. Any YouTube video of the new Indian prime minister’s speeches, was likely to get hundreds of thousands of views. Indeed, fans of the Indian prime minister have a dedicated YouTube channel where his speeches were broadcasted. Hence, it’s not outlandish to suggest that YouTube could claim a small but significant role in Mr. Modi being the prime minister of India today!

YouTube-India Partnerships

Some of the most popular YouTube videos in India have been partnerships. YouTube has had highly successful partnerships with content creators such as the India Comedy Week a few years back, during which over 400 hours of comedy content were hosted by YouTube that featured originals and some all-time favorite TV comedy shows such as Mamman Bhai, Dilli Ki Billi and Shit People Say.

YouTube’s Diverse Language Options

Another important thing done by YouTube is not to cater to India’s most popular languages – Hindi and English – alone. YouTube has made a concerted effort to target speakers of other major Indian languages such as Tamil, Telugu, Marathi, Kannada, Bengali, Malyalam, Gujarati, Punjabi as well as various dialects of Hindi such as Bhojpuri and Rajasthani.

Moving Forward

While doing business in India, YouTube has been smarter than many other multinational companies. The big reason for YouTube’s great success in India is how well the US based company has “Indianized” itself and adapted to Indian tastes and sensibilities. And the best part is that, we have seen nothing yet – YouTube will only get stronger and more popular in India over the next few years.

The Evolution of Korean Drama Online

The Evolution of Korean Drama OnlineKorean Drama Online

 

In a previous post, it spoke of how the technologies of today are challenging cable bills. And now, we’re getting quite specific with Korean drama online by way of Viki TV (YouTube page).

What is Viki TV?

Viki TV is a fantastic global television site that has allowed millions of viewers to watch, discover, and even add subtitles to prime time television movies and shows in as many as 200 different languages.

Viki aims to do away with the cultural and language barriers that have stood between the different nations and their media.  It has, through recent years, even reached a global audience of almost 1 billion users!

An Example Of A South Korean Drama

That’s significant, because that’s a large percentage of the entire world’s population of people.  It has a primary focus on Asian media, but also features media from many other countries from around the globe.

Features of Viki TV

Viki allows you to watch, via streaming, premium licensed content in a similar, albeit much more convenient way than other video streaming services.  Viki was actually the first platform that allowed users to add subtitles to videos in real-time, which is what gave it such a great reputation among the global audience.

The subtitling system even allows for multiple languages, boasting subtitles currently in up to 160 different languages.

If you’re interested in free viewing, you can watch many shows and movies on Viki for free, with no charge.   But if you want a more premium membership so that you don’t have to see advertisements, they offer a great price of membership.

Once you subscribe, you’ll never see another advertisement, which streamlines your viewing pleasures.  Its well worth it to many, and it helps to support the bustling movement of globalizing media culture.

What Is Another Example of a Show on Viki?

 

One prevalent show that is getting a lot of attention is Strong Woman Do Bong Soon, played by Park Bo-Young.  It’s an intriguing and hilarious drama/comedy about a young woman named Bong-Soon.  She was born with super human strength, which turns out to be hereditary.

[DramaFever: 6 Reasons Strong Woman Do Bong Soon will hook you until the finale]

Bong-Soon helps a bus driver that is being attacked by some thugs, and a small group of thugs wind up attacking her.  She is very easily able to vanquish them.  During that time, Ahn Min-Hyuk (real name Park Hyung Sik) arrives on the scene and sees Bong-Soon in action.  Since Min-Hyuk is the CEO of a large scale video gaming company, and loves this type of thing, he thinks that Bong-Soon would be an outstanding body guard for himself and his company.

He also decides to offer her a position in the planning department if things turn out well with her as a bodyguard.   The story continues as crimes continue to take place around the neighborhood, and Bong-Soon, along with Min-Hyuk, wind up teaming together to fight crime and solve cases.  Its a really intriguing, hilarious, and fantastic show, and really displays the creativity of Korean dramas and comedies.  Its highly recommended.

A Brief, Recent History of Korean Media

The popularity of Korean dramas has soared over the recent years as a broad global interest in Korean food, music, film, pop stars, and other cultural exports has had a widespread rise.  The Asian media has actually given a name to this, calling it “Hallyu“.

The spread of Korean pop and dramas throughout South, Southeast, and Eastern Asia was at the fore-front of the rise in Korean media popularity since the early 1990’s.

The liberalization of the media in Asia and the importation of Korean programs by the Chinese CCTV was what first showed how successful Korean entertainment could be.  It sparked a huge boom for K-Drama across China.  Since then, the Korean Wave, as they call it, has evolved from simply being a regional development into an entire global phenomenon, which has since been boosted by social media and the internet as a whole.  Korean music videos have even aided in the popularization of K-Media.

In the last 1990s, just before the turn of the century, there was a major financial crisis around Asia.  This led many media lovers to begin dabbling in Korean programming, because at the time it was a cheaper alternative.  They discovered that even though it was less expensive, at less than half of the price of Hong Kong programming, it was not lacking in quality, but was actually in many ways better than what they were used to.

Ever since the early 2000’s, South Korea has steadily climbed its way to the top as a significant exporter of pop culture and tourism, which has actually become a large part of its economic boom.

The increase in popularity of Korean popular culture world-wide has even caused the government of South Korea to support the media industry with funding and subsidies for budding start-up businesses.   A great deal of the Korean Wave’s success can be attributed to social media and social networking sites which gave rise to the Korean entertainment industry’s drama-hungry over seas audiences.

[FinancialPost: How Korea became the world’s coolest brand]

Over the years, the Korean film industry has had such a large interest in becoming a world-wide cultural phenomenon that it even went so far as to start learning from Hollywood, and even used that as a slogan for a while.  They began promoting the media companies as a commercial market, which helped to spark interest from investors and really set things in motion to change the perception of such media to be a very real economic avenue.

Korean drama online 2
The popularity of Korean drama speaks for themselves. Click image to view Viki TV’s “Viki Pass” free trial No Ads page.

Today, much in the case like Bollywood, it’s a thriving industry and something that users from around the globe are using to enhance their daily lives and find joy through incredible shows and movies.

Conclusion

If you are just now learning about Viki TV, or Korean dramas in general, you would definitely benefit from at least taking a trial of their premium services.   No matter where you live, you’ll be able to find something that you will like on Viki TV, and it will probably already have the subtitles available for you to be able to understand the language of the show.

Compared to other media sites, it has far more content for you to enjoy, and you’ll wind up learning about other cultures in the process.  You might even find something that hasn’t been subtitled in your language, and be able to contribute to the growing wealth of knowledge in media and help other uses to be able to enjoy the shows.

Its a wonderful community that crosses the borders between country and culture, and in this day-and-age, anything that brings people closer together is a positive thing.  You can feel good about supporting Viki TV, knowing that you’re helping the world become a much better place to live in.

Head on over to Viki TV now and take a look as you won’t be disappointed.  View their website link at Viki Pass for a free trail.

10 Top Day Trading Tips

10 Top Day Trading Tips

Day Trading Tips

 

If you’re looking for some day trading tips, we’ve come up with some great ideas. While it has it’s fair share of risks, there’s certainly a lot of potential.

Day trading has become more popular as a way to make money by stock trading, especially after Timothy Sykes’ story hit the media.  Many people got the idea that trading was an easy way to make money working at home in their pajamas.

This idea turned out to be a misconception.  Day trading takes a little time to learn, and it can be lucrative from where ever you’re located, but you need to learn the basics before you start.

[Wall Street Laptop: The Future For Investing Online]

The first lesson is to understand that investment trading comes with risks and it’s important that you do your homework before committing.

First, What is Day Trading?

Day trading is the process of buying and selling securities, or a financial instrument, during the same day or more than once over the course of a day.   Because many brokerages have moved to online trading, you can conduct your business from your location.

Basically, a person involved in day trading is looking to make money by taking advantage of little price movements in individual assets (stocks) or indexes.  Day traders look for three different things in a stock: volatility, liquidity, and trading volume.  To explain these terms:

  • Volatility is the measure of expected daily price ranges, such as stocks from a corporation that experiences a higher rate of variance in its cash flow.  These situations can be capitalized on by a day trader.  The higher the volatility can mean higher profits or greater losses.
  • Liquidity in the financial market refers to the ease and price in which a security can be obtained.  Liquidity allows for easy entrance and exit from a stock at a good price.  The more liquid a stock is, the more easily it is for day trading.  Liquid stocks also tend to be cheaper than other stocks.  Stocks from a higher market capitalization corporation are generally more liquid because it’s easier to locate buyers and sellers.
  • Trading volume is an excellent indicator to a day trader to the stock’s volatility and liquidity because of the volume.  The volume is how many times the stock is bought sold within a particular period of time, which is usually averaged daily.  The more volume reflects the interest in a particular stock, but it does not indicate if that interest is positive or negative.  Often, when the trade volume increases it is indicative of price movements that are going to transpire.  One tool day traders use is the Trade Volume Index (TVI) to help decide whether to buy a stock or not because of the amount of money flow into and out of an asset.

Timothy Sykes

In 1999, Timothy Sykes seemed to be like most high school students, but he soon became famous with a story that impacted the world of day trading.  Sykes saved his gift money over the years and it to start day trading penny stocks.

His investment was approximately $12,500, and it earned him about $1.65 million by his 21st birthday.  He’s now part of the social trading platform Profit.ly, and regularly post live feeds to site members from a personal.

Many thought if a young person could do this without being an expert, then it must not be that complicated.  This is partially true, but Sykes spent hours studying before he started.

10 Day Trading Tips

To get you on your way day trading, here are some basic rules and tips:

1) While you’re learning, take advantage of free resources like Youtube videos and blog posts.  When you feel ready, set up a practice account online (some websites allow you to do this) and test a few trades.

2) Have an enter price, exit price, and an escape price.  Before you press the button to finalize the deal, you need to know when to get in, when to get out, and a strategy to get out if things are not going as expected.

3) Always set your price targets before you do it and stick with your decisions.  It will help you keep from being overly greedy if the price spikes and limit any losses.

4 ) When the market opens, avoid trading within the first 15 minutes, especially if you are a newbie to day trading.  Those 15 minutes of action are full of market orders placed the night before and panic trades.  It pays to wait until you’re able to see a rewarding opportunity.

5) To find an entry point, look for situations where supply and demand are drastically imbalanced.  If a supply is nearly gone and there are still buyers, then the price will go up, and if there is a surplus of supply and no buyers, the price will go down.

6) An important lesson is to set a proper risk-reward ratio.  At least 3:1 will allow you to win big and lose small and can help you come out ahead if you experience losses on several trades.

7) Be patient and don’t make a trade because you feel like you need to “just do something.”  Make your trade plan and trade according to your plan.  It takes discipline, and impulsive decisions can become your worst enemy if you’re working alone.

Timothy Sykes was mentioned in a previous blog post as a successful penny stock trader from the social trading site Profit.ly. Click image to read more.

8) Don’t risk too much capital on one trade and only trade with money you can afford to lose.  Budget your day trading and don’t exceed it thinking you are missing an unseen opportunity.

9) Don’t limit yourself to day trading stocks.  There are three other asset classes to keep in mind: forex, futures, and options.  Any of these can present an appealing opportunity.

10) As you go, you’ll learn from your experiences and as you’re learning don’t second guess yourself or your set rules established for getting in and out.  Every day trader losses at times, so don’t be too rough on yourself when things don’t go as planned.

day trading tip 3
Day trading comes with its fair share of risks. Be sure to exercise discipline, patience, practice and smart study habits.

Pros of Day Trading

The biggest pro of day trading is that you can earn some serious money if you can afford to take the risk.  As you learn the inner workings of the marketplace and create your enter and exit plans, you can increase the returns on your money. If you enjoy cliffhanger moments, you can enjoy them regularly.  If day trading becomes your job, then you can gain freedom from punching a clock.  You can set your schedule, work from anywhere, and earn an unlimited amount of income versus a salary.

Cons of Day Trading

Day trading carries a high risk because there are no guarantees that you will make any money and you can lose the money you have.  There is some expense involved outside of having a current computer, and you may need to purchase software to help spot price variations and access financial information.

You will need some capital to get started, and the money could be lost.  Day trading can be stressful and time-consuming, especially when you begin, so pace yourself.

10 day trading tips
Timothy Sykes, a popular day trader, is an active member of Profit.ly. Click image to view website.

 

The Final Verdict

Day trading is risky, but it can also be rewarding.  As a beginner, spend the time to learn the ins and outs of trading and spend time watching the marketplace.  Initially, you may want to get a mentor to help you.  You will learn from a seasoned person that will help you avoid pitfalls and will help reinforce what you have learned.

12 Cool Ways to Make Money Online

12 Cool Ways to Make Money Online

Ways to Make Money

 

So you’ve decided that you want to create an additional stream of income to fund that exotic trip on your bucket list, and you’re determined to use the internet to supplement your earnings. You will want to find an online niche that is unique, useful to potential users, and can generate enough revenue to help make that bucket list a bit shorter. Beyond fulfilling bucket list items, you dream of success so great that you can fire your boss and strike out on your own to make your fortune.

Then perhaps you’ve been looking for some ways to make money.
Before you give the boss his or her walking papers, consider that finding a money making online niche and turning it into reality requires a lot of time, hard work and research. Information gathering is crucial, and not just any information, but the right information. Unfortunately, there are far too many “get rich on autopilot” scams, with empty or ambiguous promises of “being up and running in a few weeks”. This information, in the form of a “system” (at a special price) may actually be:

⦁ The Wrong Information
⦁ Outdated Information
⦁ Information That One Realizes Could Have Been Obtained for Free

Buying one of these “get rich” systems is tempting for sure, but chances are very high that the only person making any money will be the one selling the system to you! Hard work, persistence and tons of free information available in cyberspace and elsewhere will help you achieve financial success and independence. And therefore, behold, the (free) suggested list for what’s creating an online revenue stream.

Top 15 Money Making List

 

1 – Author a Blog 

Reading, contributing to, or commenting on blogs has become an everyday routine for many internet users. Expertise, commitment and business savvy are all important to success.

Blogging has created a fantastic conduit for encouraging diversity and advocating for minorities, with the likes of Necole Kane  (hellonecole.comxonecole.com), Fred Mwangaguhunga of MediaTakeout.com, Zoe Griffin, Andy Torres of Style Scrapbook, David Badash’s The New Civil Rights Movement, or Viviana Hurtado and The Wise Latina Club, just to name a few . These sites and many other top blogs enjoy huge amounts of traffic and a large following on social media.

[How to Start a Food Blog and Make Money]

Create your own successful blog and you’ll have advertisers begging to pay you for ad space (Read Advertising)!

Read this previous blog post which goes further in detail on blogging.

2 – Utilize Affiliate Marketing/Programs

You can become an affiliate marketer (free!) through your website, blog, review site, e-mail list (see below), newsletter or other online presence. Links, or ads, placed on your site produce income when a visitor clicks on the link and makes a purchase at the advertiser’s site, rewarding you a commission. Clickbank, JVZoo, CJ Affiliate (formerly Commission Junction) and Amazon Affiliates are examples of companies that can assist you in becoming a successful affiliate marketer.

 

Max Bounty Review

[Best Affiliate Marketing Business Opportunities]

Other affiliate websites worth joining:

 

A word of caution: while there are many sites offering courses promising one to become a super affiliate, it’s recommended to take advantage of free resources to assist in proper guidance. The popular Warriors’ Forum has an enormous amount of recent and up to date discussion posts from seasoned Internet Marketers. Additionally, Affilorama offers both free and premium membership services.

3 – Wall Street Laptop – Online Investing & Trading

Your rent or mortgage payment is just out of reach, or that fabulous vacation you wanted to take isn’t going to be possible for another year. Why deny yourself what you want when you can use the internet to generate income?  Consider trading in the financial markets as a way to make money that not many know about.

[Wall Street Laptop: The Future For Investing Online]

These aren’t “get rich quick schemes,” you need to study and work at it for it to work for you. Be assured, with knowledge and effort, you can take these strategies and make them into money-making opportunities.

They are as follows:

  • Day Trading By day trading, we are talking about buying and selling stocks quickly during the course of a day.Sometimes you will hang onto to a stock for just a few hours, sometimes minutes. When you want to make money as a day trader, you would scout companies with high betas. This means looking for businesses which are more volatile than the overall market.You’ll find the most volatile stocks in the market are often what’s called penny stocks. These stocks trade for $5 or less per share. For example, if a stock has a beta of 2.1, the stock could climb or drop 2.1 times as fast as the market, if the market’s value begins to climb or drop. Day traders look for these potentials because fast gains can be had as they ride each volatile stock for only a short while. See this post to read more details on Jason Bond and swing trading.
  • FOREX Trading In the forex market, you buy or sell currencies.To do this, you place a trade in the foreign exchange (FOREX) market. The mechanics of a trade are very much the same as you would find in the stock market. If you have any experience in trading, you should be able to to do this fairly easily.The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.  Potential investors can discover more by reading a previous post, social trading, as it relates to both forex and penny stocks.
  • Binary Options You can make money in binary option trading if you follow a system. The key is to control risk.  A trader can never lose too much money on any particular trade.

A put option is an contract giving the owner the right, but not the obligation, to sell an underlying security, like stocks or bonds, at a specific price within a preset time. This is the opposite of a call option, which gives the contract holder the right to buy shares.

A call option is an agreement that gives an investor the right to exercise the option to buy an underlying security at a specific price within a preset time period.

In theory, you have a 50% chance of being correct on any trade whether you buy a call or a put option. To make money, you only need to be correct on about 60% of the trades you take. When you are making money in binary options, the outcome of a trade can be influenced by the other people participating and the outside environment. The outcome of a binary options trade can be anticipated by the current environment when the trade is executed. You don’t have to be right by much to be on the money making side.

  • Contract for Difference Trading Making money from CFD trading (Contracts For Difference) involves taking advantage of rising prices (long positions), or dropping prices (short positions) on stocks or bonds. The CFD is a contract between two parties, a buyer and a seller, to exchange the difference between the opening price and the closing price of a contract. When this difference is a negative amount, then the buyer pays that amount to the seller.

To make money, you need to:

  1. Understand past patterns, so you can better predict future movements
  2.  Forecast momentum, so you can “ride the wave”
  3. Swing trading by looking for stocks currently trading either above or below their normal range
  4. Taking out two positions in the same industry – one goes long while the other goes short

4 – Ad Networks

Selling advertising directly on your site can provide a steady cash flow. Using a tool such as Google AdSense can make the process easy and effective, providing access to a large existing pool of advertisers. Advertising networks love websites that attract a lot of traffic, so it’s important to work on generating unique and regular visitors each month, using this as leverage for placed ads to attract large audiences.

5 – Data Entry Online Jobs /Utilize Virtual Assistant Services

Fiverr, UpWork, and Time-etc are all examples of companies that specialize in providing virtual assistance in all kinds of business endeavors. You can freelance through these companies to use your skills and talents to make money doing what you love to do, and in many cases at your own hours! These services may include, but not exclusive to: Billing Clerk, Ghost Blogger, Business Card Designer, eNewsletter Publisher, Security Monitoring or Online Course Developers and Language Programming. Imagine taking advantage of freelance data entry jobs for hire on vacation in Thailand, Brazil or Belize!

See the previous posts regarding extra income from Udemy courses and data entry.

6 – Use Ecommerce Sites

Amazon and eBay are two well-known ecommerce sites that you can use to make money. Both provide platforms that allow you to sell products in different ways to hundreds of millions of potential buyers. Alternatively, you can set up your own site with the help of specialists, or give it a go on your own. As the saying goes, “If you build it they will come”. As an example, you could create the next best virtual flea market to bring potential sellers together in exchange for a percentage of each sale with dropshipping. Or, perhaps you have an idea of a product of your own? Either way, with the right amount of research and effort, the possibilities are endless.

 7 – Apps Development

Come up with an app that people decide they can’t live without, and watch the money roll in. Consider Chad Mureta of AppEmpire, now worth millions, who created his first app, a bestseller called Fingerprint Security Pro, with no prior experience. In-app purchasing can generate additional revenue, and in-app advertising is another potential money maker. Small business owners are realizing the impact that mobile apps can have on their bottom line, and the demand for those with the skills to create such apps is huge.

Many apps are bought and sold on Flippa.

8 – Freelance Writing

If writing is your thing, you can become a freelance writer for SEO content companies such as FiverrWriter Access,  BKA Content, or freelance exclusively for a company or a select blog or blogs. As online and social media presence becomes more and more important for a company’s survival, a gifted writer can use their talents to create some respectable income.

9 – Domain & Website Flipping

Flippa.com, NameJet.com and other auction sites facilitate the buying and selling of domain names that have expired for a variety of reasons. With some skill and tenaciousness, flipping domains and websites can be one of the simplest methods to make money online, in many cases for a considerable profit. Website flipping involves the buying of a site, improving it, and then reselling it at a higher price. A low initial investment and the chance to make money off the site even while improvements are being made can make this process lucrative as well.

Read previous entries for more: selling domains and social match phrases.

10 – E-mail List Building

Combined with a blog site following or strong social media base, successful marketers know the power of generating huge prospects, which serves as a rewarding source of passive income. In exchange for submitting an e-mail via an opt-in form, subscribers receive updates, free ebooks or discount deals (to name a few). The next step comes from sending an “e-mail blast” (MailChimp, Constant Contact and SendGrid are just a few of the top electronic marketing services used to reach potential leads) with products or services, such as those from affiliate programs. Whether you choose to build an email list with or without a website, it’s important to note that numbers are everything, giving marketers enough opportunities to monetize their website traffic or Facebook fans.

 11  – Write an E-book

With the advent of self-publishing, anyone can write and publish an e-book, with the potential to be read by millions all over the world. Whether it be fiction or non-fiction such as a how-to or a self-help book, the possibilities are limitless and the income potential great.

Brief demonstration from Stefan Pylarinos of K Money Mastery:

12 – Utilize YouTube

Creating original content on your own YouTube channel is a great way to generate revenue. The key is to create fun, engaging content that is not only appealing to many users, but to advertisers as well. Quality content submitted on a regular basis creates and nurtures advertising relationships that will last and create income over the long term. If interested, you may learn more here.

In Conclusion

Although there is no easy path to making lots of money online, there are so many opportunities available that there should be something for everyone. These 15 methods only scratch the surface of what is possible through hard work, determination, skill, lots of research, and a little luck. Choose something that appeals to you and go for it – you could be the next internet millionaire!

InstaForex Review

The Emergence of the Social Trader

The Emergence of the Social Trader

Social Trader

 

A lot of the previous blog posts have dealt with investing and how technology and the internet have made things easier for the common woman and man. So it’s no surprise to introduce another concept: The Social Trader.

Social trading is a practice online investors employ to make financial decisions, in which they utilize user-generated financial content from sites such as Profit.ly and Etoro.com. Sites like these help the social trader to analyze financial data by supplying a common ground for copying and comparing trades, strategies, and techniques. Before social trading was possible, copy traders and investors had to rely solely on technical analysis to make investment decisions.  Today’s social trading investors are able to trade data-feeds of social indicators online with other traders.

[7 Best Swap Free Forex Halal Sites]

Social or copy trading allows online trading with the assistance of others. Many social traders claim that this ability greatly shortens the time necessary to move from being a novice to becoming an experienced Forex (Foreign Exchange Market) trader. All foreign currencies are traded in this over-the-counter market, which is the most liquid and biggest world market today. Social traders can watch others take trades, interact with other traders, and then copy, or duplicate, the most successful trades, and in the process learn why top performers choose the trades they do. By using copy trades, a new trader can learn what strategies work or what strategies don’t work.

 

What are some of the key features of social trading?

Transparency – By using trading platforms like InvestFeed or eToro, a social trader can find out the performance statistics of other traders, past and present positions, plus current market sentiment, which allows members all the information they need in order to appraise the site contributor’s credibility

Monetization -The ability to convert an object or asset into legal tender or money. It is possible for copy traders to learn a great variety of data about other users which will benefit them in the long run.

Cooperative trading – Through these online sites newer traders have the chance to work cooperatively in trading teams, pool funds, share information, and divide research up collaboratively.

Information flow – Social traders can benefit greatly by studying information exchanges that flow freely between financial investors. Freely exchanged information is valuable to individual investors.

How does copy trading compare to social trading?

Copy trading capabilities are available with assorted financial trading operators as one part of a bigger social trading platform. Copy trading permits financial market traders to automatically copy any positions that are managed or opened by a particular investor inside the social trading network. A portion of the funds of a copy trader is linked to a copied investor’s account. This means that all trades initiated by the investor being copied, like opening or closing positions, or assigning Take Profit and Stop Loss orders, will then be executed in the account of the copying trader, depending upon the allotted trading funds of the copier and the proportion of the investor’s account that is being copied. Copy traders usually have the right to disconnect from any copied trades and begin to manage these trades themselves.

 

A study of copy trades in 2012 demonstrated that traders who did copy trades on eToro with a “suggested investor” were 6 to 10% more successful than manual traders, and four percent more successful than copy traders of random investors. Research is on-going to fine tune a trader’s capacity to benefit sustainably from copy trading.

Social trading has become increasingly popular. Here is a listing of the most popular social trading networks available today:

  • eToro – This site is a social trading network as well as a broker and focuses on novice investors. New investors like this site’s simple mobile friendly interface A review of eToro can be found toward the end of this article
  • ZuluTrade – This site currently has the greatest number of investors and traders online. They provide complete trade copying plus social interaction capabilities
  • Ayondo – This German based site was the first to offer auto trading to UK customers in order to “spreadbetForex accounts. They offer stocks, indices, fx, bonds, interest rates, and commodities
  • Copyop – This is the most advanced and leading trading network for social binary options
  • CM Trading CopyKat – On this site you can copy and follow traders through a special “CopyKatSIRIX trading platform. Members can mirror trades from everybody on SIRIX
  • Profit.ly – This huge website deals specifically with instructing people on penny trading ins and outs. This site offers email stock-pick alerts, SMS, plus a private chat-room where users can find help. A review of this copy trading site can be found immediately below.

InstaForex Review

Because they’ve become slightly more popular compared to the rest, we shall examine Profit.ly and eToro further:

Social Trading With Profit.ly

Profit.ly was created to introduce accountability, data-driven optimization, transparency and measurement into the world of online trading. Copy trades exist in abundance. However, concerns about stock manipulation as well as industry regulations sometimes prevent affiliates and members from being able to share information openly all the time. For this reason Profit.ly allows investors and traders to make private profiles where they can enjoy total account privacy.

Check the interview below:

This online site has advanced analytic tools which allow social traders to measure their performance, and at the same time make a knowledgeable analysis of which trade setups work the best for them. Traders can choose from various different products that include the capability to track profits, verify trades, get on leaderboards, message and follow other traders, plus view the stats of other traders for $29.95 a month. $49.95 a month allows a copy trader to make a private profile (but you won’t have access to other traders’ stats). The Pro level costs $74.95 a month and includes a private profile, as well as access to the statistics of other traders.

Profit.ly founder Timothy Sykes has made a career of exposing misinformation and fraud in the online guru and penny stock industries. A new feature of Profit.ly is called the “Bernie Madoff“, which allows community members to weed out and expose those traders that are possible liars.

profit.ly
Click image to visit Profit.ly, the Social Trading Platform

Social Trading With eToro

Founded by Jonathan Assia, eToro.com, “the Facebook of trading”, is currently the leading social trade network in the world (excluding the US). More than 5 million investors are using this social investment network. Opening an account with eToro gives you immediate access to CopyTrader, which advertises that members can choose to copy from more than 3 million traders. Once you open an account you can utilize their OpenBook platform for searching top social investors. When a potential trader to be copied is spotted, a user can allocate a part of their funds and begin copy trading. Any information that the copy trader submits is immediately protected by state-of-the-art encryption technology to ensure that your information won’t be shared with any third parties. A new account can be funded with PayPal, Moneygram, or credit card.

etoro forex
Click image to visit eToro, the world’s leading social trading network

One interesting feature of eToro is that if “popular traders” are copied, they’ll be rewarded. Depending on how many copiers a Popular Trader has, they’ll receive monthly fixed commission payments. The topmost “Elite” traders will receive annually 2% of all funds that are under their management, as well as totally commission free trading. In July of 2016 eToro updated their “Popular Investor Dashboard” to include a CRM (Customer Relationship Management System) which enables more interactions between copiers and Popular Investors. There’s currently more than 5 million users on eToro, which appeals to professional traders that are interested in making some extra cash for their trading skills.

To discover more details on the popular Social Trading platform, consider reading the full blog post review on eToro.

On Mobile Usage in India – All the Facts

On Mobile Usage in India – All the Facts

Mobile Usage in India

What is not so well known about the long running war between iPhone and Android is that India is where the battle between Apple, Google and Samsung is being played out, with frantic intensity. India is the world’s fastest growing smartphone market, according to Gartner, with smartphone sales growing by 166.8% this year and accounting for 53.6% of the new mobile devices sold this year.

Mobile Usage Challenges

India may have been slow at providing basic amenities for its people – still a large number of households in India, especially in rural Indian and in urban slums, do not have access to drinking water or proper toilets. Still, a significant percentage of Indian children suffer from malnutrition and in many ways, the country is still technologically backward, suffering from a creaking infrastructure. But if there is one area in which India shines, and shines really brightly, it is in the national mobile device usage.

There are 1.25 billion people in India and according to the Telecom Regulatory Authority of India (TRAI), India’s premier telecom regulator, there are as many as 933 million mobile phone connections in the country. Which means that the mobile device usage in India is particularly high for what is still a very poor country.

Udemy- Online Courses

But that is not the full picture about the mobile device usage in India. The caveat here is that the number of unique mobile phone subscribers in India is actually less than half of the estimated number of 933 million total subscriptions. This is because Indian mobile phone users have an average of 2.5 sims registered in their names. While the sim penetration in India has reached almost 75% of the population, the mobile penetration has only reached 35%. There are more mobile phone subscriptions than mobile phone devices.

Promising Outlook For Mobile Usage

The anomaly is because the telecom market is highly competitive in the country, with half a dozen well established telecom companies battling it out for the attention of a vast population that grows richer and less poorer every year, and has more disposable income to spend, year after year. There is no question that many Indians are poor, but things are changing fast, and there is now no doubt that the country is on the right track. The fast growing mobile device usage in India is one of the biggest signs of a new wave of prosperity.

So to cater to the growing demands of a vast market, the big telecom companies in India, such as Airtel, Vodafone, Idea, Reliance and Tata DoCoMo and to survive the tough competition try trick in the trade to attract new customers, offering freebies and great deals for subscribing to their connections. This, coupled with the really cheap smartphones available in the country has spurred the mobile phone usage in India like nowhere else in the world.

The smartphone market in India is another huge success story. While there were 113 smartphones sold in the country by 2013, and proceeding year – in 2014 – the smartphone sales have been estimated to have increased by 166.8% – a truly remarkable growth. While iPhones are getting increasingly popular in India, the real battle for the attention of the Indian consumer is being played out by the various makers of Android phones. While Samsung still lords over the smartphone sales in India, it is facing great competition – not from Apple, Nokia or Lenovo – but from Indian manufacturers such as Micromax, Lava and Karbonn. Micromax has been a great local success story and its great success against Samsung has been widely covered in business publications in the country.

Also interesting is the fact that more people in India use internet on their mobile phones than on their desktop. The internet penetration in the country (for desktop usage) is still quite low, which is being made up by increasing smartphone sales.

Mobile Usage For Social Media

Facebook and YouTube are hugely popular in India and account for bulk of the internet usage on mobile devices. Facebook claims to have 100 million users in the country, of which 84 million are said to use it only through their mobile phones.

Another interesting fact which suggests just why mobile phone usage in India is so critical is that over 90% of Indian mobile phone users claim to do research on a particular product on their mobile devices before placing an order for it online.

Lastly, an overwhelming majority of mobile phone subscriptions in the country are pre-paid connections (93%). Not just poor or middle class Indians, even the rich prefer to have pre-paid connections because of the mistrust associated with postpaid subscriptions, where the telecom companies are known to make frequent mistakes with the billing.

eToro Review The Social Trading Giant

eToro Review: The Social Trading Giant etoro review

 

Here, we’ll get into an eToro review of the largest social trading website in the world. But first, for the unaware, let’s start with the basics.

Social Trading Platform

Social trading is the process via which investors use online data and financial content sourced from a multitude of web applications as the main source to drive financial decisions. Etoro introduced a new way to trade on the internet. In 2010, the company launched OpenBook, which is a crowdsourced investment platform. Using this platform, it is possible for first-time or inexperienced traders to copy the transactions of top investors in the foreign exchange marketplace.

 

Comprehensive eToro Review Video

 

EToro Revolution

EToro is widely considered the first and most advanced social trading platform. Subscribers have an immediate in with a community of experienced traders, as well as a social network within the investment world. EToro provides all the tools needed to trade in the modern marketplace. The platform enables you to:

  • Perform retail trading on the open market
  • Observe the other traders and copy their transactions
  • Use Copy Trading feature on the platform to automatically duplicate all trades made by your selected traders you choose

How it Works

EToro compiles the activity of all users and shares it with the entire community. This works like a financial transaction social network. Users can even like, comment and share on a user-generated feed.

Every trader gets assigned a public profile, which is open for consultations. Your performance is public and everyone can follow everyone else and replicate them.

EToro’s Performance Data

Once you’ve found a Professional Investor you want to copy, just click on their name. This brings up their profile, portfolio, stats, open trades, even their history and investment friends. This screen displays live trading feed of the trader. You have access to each live trade and any comments from other social traders, some of whom openly discuss their own trades. This is a tremendous opportunity for newcomers to learn the lay of the land.

EToro is second to none when it comes to the ability to quickly share information. Every investor can follow selected traders without copying trades automatically.

Video Example of Copying Top Traders

 

Markets Section

EToro Markets displays all products, such as currency pairs and stocks, that can be traded via CFDs (contract for difference, a contract between a buyer and seller that pays the current value minus the value at contract time).

Copy Trading

Generally, CopyTrader is an eToro tool that allows subscribers to choose a trader to copy and select an amount to copy for investments. You can watch how your account performs using this strategy. Here is additional information to consider before trying out this feature:

  •  Minimum investment is $100. Maximum investment is $500,000.
  • You can follow a maximum of 100 traders.
  • Minimum amount for copying is $1.

EToro Search Feature

This functionality lets you search for people or stock symbols and returns information on trades pertaining to the search criteria. The Top 100 traders, holding the most profits realized in the current week, are displayed. Here, you can review 10 instruments (indices, currency pairs and commodities) that they are trading at the moment.

EToro Advanced Search

Advanced Search filters on eToro help you figure out your favorite traders. The feature includes a risk level filter. You can search profiles by Average Position, Weekly Drawdown, Gain, Leverage, Winning Weeks, Win Ratio, Exposure and Min. # Trades.

social trading platform
Click image to browse eToro’s Social Trading Platform

Tips for Investing on eToro

  • Don’t always pick traders with the highest returns. Opt for frequent investors over “one hit wonders.”
  • Look for consistent, long-term returns, say 10-20% over the past six months.
  • To start, be conservative. Take advantage of the filtering tools to find traders with low-medium average risk
  • Diversify your investments over a bunch of traders; you can follow up to 100.
  • Etoro has real-time stock trading, and many investors who hedge and invest in forex and stocks simultaneously have more reliable long-term performance.

EToro Pros and Cons

Here are some great things about EToro:

  • Has tight fixed spreads
  • Guarantees stop losses and limit orders
  • Does not charge trade commissions
  • Available in four languages
  • Trade in Bitcoin currency
  • Price alerts
  • One click trades
  • Automated trading
  • Islamic and Arabic friendly

These are the cons:

  • Inactivity fee if not active in one year
  • Currently not available for United States citizens
  • No direct market access
  • No scalping
  • No VPS services
  • Charges fees to deposit and withdraw funds

Basically, eToro simplifies the amount of analysis that you have to do as an investor. This is a tool that lets you invest without siphoning through endless graphical performance data.

Some Attributes of Worthy Traders You Should Copy

  1. Their profile feed includes posts that demonstrate market knowledge
  2. Have low drawdowns (how much they’ve been down this week or month) under 10 percent.
  3. Consistent investment won’t have ridiculous returns in a short period of time. Look for long-term consistency, because these are sustainable without being reckless.

Islamic Trading Account

Islamic law forbids usurious interest rates in lending or borrowing money. This includes stock exchanges. The requirements to prevent Riba (usurious lending) include:

  • Stocks must be bought and sold without delay
  • Monies for each trade must be paid for upon the time of the transaction
  • Currencies should be directly moved from the seller’s account to the buyer’s
  • There can be no interest on any trades.
  • If any indication of usurious interest is detected, the contract is void as forbidden (Haram).
islamic forex account
Etoro – Available for opening an Islamic Forex Account. Click image to view site in Arabic

To resolve this issue, a trader can buy as much as his current balance allows or borrow from a broker, who cannot receive any usurious interest rates on the transaction. Also, no interest can be obtained from contracts ongoing for 24 hours or more, which means that the daily rollover of interest has to be zero on a consistent basis.

[A List Of Other Forex Halal Sites Here]

Conclusions

The eToro website is dynamic and easier to use. Looking back through old reviews, it is easy to see how much they evolved and are still evolving. As the first and still premium social trading platform, they have set the bar high and rising. With easy to understand interfaces and constantly advancing tools, this site is an easy “Yes, please.” Starting risks are very low; you can join for $100 and, as long as you make one investment a year, there are no transaction fees.

It is great that they have an Islamic account that respects the Islamic culture in a very straight-forward way. That kind of forethought attracts diversity, which can only improve the social investing gene pool, in my opinion.

One thing I did not see anywhere was the risk of heavy investors manipulating trade. It seems to me that it would be easy enough to band together a with few super investors and create some real chaos. It apparently hasn’t happened yet, so, for now, I am going to enjoy my relatively new eToro count and see how well my performance tracks against my advice.

social trading
Click image to visit eToro, the largest social trading platform

InstaForex Review New Copy Trading Opportunity

InstaForex Review – New Copy Trading Opportunity

InstaForex InstaForex Review

 

With the state of the world’s economy, it is vital that you have control of your financial future. But it is not just a decision that can enhance, it can be as exciting as Twitter! Global business and politics are changing the opportunities that individuals have to improve their finances. Likewise, technology has changed the way to take advantage of the dynamic changes in the markets. Utilizing the strength and global presence of social media, social trading is the opportunity of today, with copy trading becoming one of its best strategic tools.

Becoming familiar with social trading is as accessible as your computer. Over the past 10 years, there has been growth in the presence of online foreign exchange trading sites. In an age of 144-character attention spans, it can be difficult to know where to start to take advantage of social trading. The first step is to find a website with a technologically sound platform, tools to help educate and guide the novice investor, information that support even the most seasoned investor or trader, and user friendly navigation. Whether a beginner or experienced with trading firms, it is time to look at InstaForex. InstaForex is intuitive, information, and in demand.

First, What is Copy Trading?

Copy Trading most simply explained is the ability to benefit from experienced investors transactions to create an investment portfolio using a social trading network. Much like social media, social trading networks provide its members with the ability to interact, exchange information, and broaden their worldview. Within that network, copy trading gives users the ability to identify an investor and copy their trades. This is guided approach to entering the Forex market while reducing the risk. Some of the advantages of using Social Trading include:

Access to Trader’s Information: In the image of Facebook, Twitter or other social media sites, traders’ portfolios are open for others in the network to see. Users in the network can review the investments, track records, and length of experience of traders to make informed decisions.

Access to Multiple Traders: The network capability allows users to ‘Follow’ multiple investors. This provides an opportunity for investors to become familiar with the strategies and successes of a variety of traders.

Access to Training and Support: The best Forex trading sites for copy trading will provide its clients with documentation and training so they may learn the basics about the foreign exchange market. It will also walk them through the investment process and make it easy to follow traders. When planning for which network to use, ease of use should be a driving factor.

Four Things To Consider

Copy trading will allow you to look at the activity of other traders and “copy” their activity. You can choose an amount to assign to that trader and your investment will follow their activity. Most sites allow an investor to copy several investors, and others offer automated copy. When utilizing copy trading techniques in a Social Trading site there a few tips that you should follow to help increase your success.

1) Do your homework is always the first cardinal rule. An investor can focus on one high performing trader to follow or spread the investment across multiple traders. Spreading the investment may allow the added advantage for an investor to take advantage of the expertise of several investors. With either approach, research the traders track record, longevity, and risk score before investing.

2) Start with investments that will not negatively affect your life if you do not make a profit. Make a decision on the amount of time that you are prepared to hold the investments and commit to the timeline. You have an opportunity to conduct trade activity through most sites throughout the day, or hold for months or more.

3) Don’t just copy and follow. Stay informed on the latest news about the currency or company, and seek out the logic behind the transactions for the traders that are being followed or have the potential to follow.

4) All investing has risks. The advantage of a Social Trading site that you have the advantage of experienced brokers and feedback on success and challenges from other investors at your level of experience.

InstaForex Lamborghini
InstaForex often has offered a chance for members to win a Lamborghini. Click image to visit home page.

InstaForex Copy Trading Services

From the moment that you log on to InstaForex.com you see their commitment to your success. ForexCopy, the InstaForex system for copy trading, provides an easy to follow process to allow investors to identify and follow successful registered traders. The system provides access to high end financial services and all the tools needed to get begin investing. The ForexCopy system allows copying orders of successful traders, provides instant execution of copied orders, and enables adjusting a ratio of copying. Investors can monitor statistics on the trading process and strategy on the ForexCopy system monitoring page.

Video Example of the ForexCopy System:

Access to live customer service provides an additional level of assurance of success. InstaForex also offers investment incentives for account transactions including deposits and closing trades. Beyond Copy Trading, the InstaForex system provides access or a wide array of additional investment services and 107 currency pairs.

 

Pros and Cons of Copy Trading

There are pros and cons to investment. It is no different with Copy Trading.

Pros

  • Copy Trading can be an easy way for beginner to enter the trade market. While less effort researching a broker, an investor can take advantage of the wealth of experience.
  • The social dialogue can increase your investment knowledge.
  • The visibility of tracking your portfolio provides an investor the opportunity to manage risks. The monitoring systems provides real-time visibility to the investors’ portfolio, while at the same time allowing the investor to compare results to the performance of other traders. The investor can copy some different easily.
  • With InstaForex, you can start with a lower investment than almost any other site. As you gain experience and confidence the investment level can be increased.

Cons

  • One of the looming concerns is in the UK where the Financial Conduct Authority has contacted companies where they have concerns regarding the effective regulation of copy trading investment managers.
  • Honestly, it’s gambling. Never invest more than you can afford to lose. Following the most experienced trader is still a risk and the investment can be lost.
  • While you will possibly make some money, it can be a very slow growing investment.

InstaForex Site Features

As a part of the InstaForex community, an investor will experience a support variety of services on the website including:

  • Customer support via Chat or call back
  • Community and InstaForex blogs to provide users with information and a dialogue exchange to enhance the trading experience.
  • The ability to trade in Bitcoins.
  • A support system to perform copy trades the gives easy insight to experienced traders.
  • A test account with virtual money, as well as educational video to help train users about the site as the process.
InstaForex Bitcoin
The ability to trade in Bitcoin currency. Click on image for further information.
Consider InstaForex  As An Option

InstaForex provides the systems, support, and technical expertise to welcome everyone to take advantage of a growing area of investing. Now is the perfect time to take advantage of a new and profitable view of the world.

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