Connect with us

Business

Things You Need to Know Before You Start Trading in 2020

Published

on

Due to the financial crisis that occurred during 2020, one would be hesitant when it comes to making investments or deciding to start trading. Getting into the stock market is certainly not an easy thing to do, but, like everything else in business, you need to get hands-on experience first in order to master it. 

However, you don’t need to be a professional economist or a seasoned trader in order to get into the stock market. All you will need to know is 4 simple facts, which we present here in this article.

Know Why You Are Trading

The first question you should ask yourself is why you want to trade and what motivated you to get into trading. You might be working and want an extra source of income, or you might not have an income in the first place and need a lucrative market to make a profit. In any case, the reasons why you’d want to trade are various. These reasons will help you identify your goals and reach them in a short amount of time, especially if you learn trading tips and tricks in a short amount of time. Your goals will motivate you to trade and reach your financial goals more quickly. It will also determine which type of stocks you should invest in. For example, if you want to achieve financial independence, you should invest in a stock that will pay dividends. This will help you pay expenses with the shares of the profit.

Your Trading Style

You should also have a trading style or a method that suits your financial plans. For example, scalping traders, will spend a lot of time on their computers and will earn money in a very short amount of time. The holding period for that type of trading can take from seconds to minutes. You can also be a day trader if you prefer to work at home and can spend a good amount of time (at least twice a day) to trade. This can be the perfect type of trading this year, especially that most people are currently working from their homes.

Swing trading, on the other hand, requires patience and a great deal of time. Swing traders monitor prices, which will change every day. This means that they’ll wait for prices to change until they can make a profit. Position trading also requires a great deal of patience, as you will buy shares from companies that are expected to rise in the next few months or years. Traders will need software programs in order to monitor prices, market liquidity, and have a good visualization of market data. If you read this review, you can find more info on which types of software programs a beginner trader will need. This is an essential part of becoming a master trader, so make sure that you invest in these programs as well.

Trading vs. Investing

Trading and investing are worlds apart concepts. People often use both of these terms interchangeably, but one should know the differences between both terms in order to not make that mistake. Ideally, the purpose of investments is making long-term profits, a process that involves buying and holding over time. However, trading involves more regular transactions, some of them could be on a daily basis, in order to achieve short-term but profitable gains. Both trading and investing withhold a degree of risk, but this risk can differ in nature as well. You should be knowledgeable on the difference between these two processes and the risk they both entail to decide which one to go for.

There Are Several Platforms That You Can Use

Back in the old days, there were two types of trading: direct trades and indirect ones. However, now you have several options right at your fingertips. If you are a long-term investor and are going to buy shares, then you can go for an online platform or a low-investment bank account. On the other hand, if you want to make a profit in a short period of time, you will have to actively trade in the markets, which means you should look for day trading platforms that can suit these daily needs. You can also look for similar financial platforms to get more access to the market.

Getting started with trading needs a lot of preparation and knowledge on the trade market in order for you to succeed in your endeavors. It should be noted that risk can’t be omitted and should therefore be managed through a clear plan. However, make sure to have backup plans in case these worst-case scenarios occur. Finally, you have to understand the jargon of the stock market so you won’t misunderstand situations or opportunities. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Israeli startup Eloops Connects Remote Workers through Gaming

Published

on

By

The new popularity of working from home has proved a threat to corporate identities. How do companies retain a sense of company culture when employees are working from home?

An Israeli startup is innovating a solution to this unique 2020 problem. Eloops has created a game that nurtures connections between corporates and their employees.

Everyone can use gaming to stay in the loop and stay in touch through gaming, much as they would around the water cooler at the office.
Companies can no longer engage in things like Taco Tuesdays, dress down Fridays, or happy hours on Friday afternoons.

These events united management with their employees, but now that companies have lost these moments of shared intimacy, it is easy for teams to become disconnected.

Eloops is a SaaS startup in employee engagement that now wants to help its clients to maintain the connection between employees.

The new platform will soon launch with Eloops targeting human resource professionals with their gamification tool that brings together a host of virtual activities as well as content templates to enhance communication. These technologies will help companies to connect with employees and ingrain their company goals, culture, and values.

Eloop has created engaging content on the platform including trivia, peer-to-peer recognition and reward programs, engaging content, as well as competitions.

The startup allows companies to understand employee engagement better by providing analytics data. Employers will be able to see how frequently employees interact, what activities they prefer, what content is most popular, and who are the most engaged on the team.

The tool allows companies to promote company culture in new ways based on how employees experience the game.

Keeping employees engaged is now more crucial than ever because employees are working remotely than ever before.

Turning the employee experience into a game helps companies to keep their staff connected while they work to align their teams with company values, culture, and goals.

The platform provides engaging activities for employees and awards participation with company coins that they can redeem for fun both online and offline. Rewards can take the form of parking spots, discounts, days off, maybe even a lunch meeting with the company CEO.

Eloops is a company founded in 2017 by Idan Shem Tov along with Sharon Dayag, Naor Melamed, and Tal Groder. Based in Tel Aviv, the company has received backing from Venture Capital funds like Sarona Ventures, Angel Investors, and Fusion LA.

The company has already implemented their game HR magic with a wide range of companies ranging from MultiNationals to SMEs.

Continue Reading

AV

Satellite Over IP is the Key to Reliable 4K Multiscreen Services

Published

on

By

The needs of television consumers have been evolving throughout the past decade. We have gone a long way from the days when a family would gather around the television to watch a feature movie during the weekend.

Modern consumers want on-demand content delivered across devices and in the high definition quality. It can be difficult to deliver this to consumers.

The satellite industry responded to this challenge by enhancing internet connectivity and satellite over IP to meet the requirements for people to access high quality TV on multiple screens.

How Viewing Habits have Rapidly Evolved

Consumer viewing habits are shifting for a number of reasons. 4K Television sets are getting progressively cheaper and more and more people can access them.

As more people can afford 4K TV sets, demand for high quality content increases.

Over-The-Top and Subscription Video on Demand video services are spreading and enabling people to view their favorite television shows.

Parks Associates found in their research that 76% of households on Broadband were subscribed onto an OT video service in the first quarter of this year.

Consumers want to access content across all their devices in the house. Most American households have at least one TV that is connected to the internet. Smartphone usage is expected to drive further growth in the future.

Bandwidth

Modern television viewing is demanding in terms of bandwidth. 4K TVs bring in an exceptional quality of image and sound but majority of homes do not use them to watch 4K content.

In order to meet the expectations of modern content, households need more broadband bandwidth. The presence of fiber infrastructure and high speed broadband internet in different locations limits the ability to deliver 4K content to homes in remote areas.

In order to stream 4K content in a reliable way, you need a 50mps connection speed. But even in developed countries like the US, average broadband speed is 32.89Mbps. The global broadband speed average is 11.03 Mbps and TV producers have to find ways to deliver content in a way that their viewers can access.

Satellite Delivery over IP

Satellite offers a way to deliver 4K content to all subscribers whether or not they have access to high speed internet.

One of the major benefits of a satellite TV service is that it allows access to quality premium entertainment. With Satellite Delivery over IP, you can deliver 4K content to all smartphones, televisions, tablets, and game consoles in each home.

Satellite Delivery over IP technology takes conventional television signals and converts them to IP based data streams which it then transmits across an IP network for viewing on all IP compatible devices.

With Satellite over IP, you can make high quality content available on a range of devices, even where the infrastructure, like fiber networks, is missing.

Continue Reading

Business

How can a lawyer make use of the advances of technology?

Published

on

By

Technology is now being used everywhere, including workplaces. It is no exception in the industry of law. The law profession has embraced new technology. The development has enabled lawyers to be like the business industry by automating processes in a better way. 

One of the enhancements is the availability of many created applications that help lawyers carry their operations in a smart and faster way. In short, the law profession has been digitized. This article aims to examine ways in which a lawyer can make use of the advances in technology.

 Some of the methods include the following:

Access To Professional Info

Lawyers can easily access the help of experts in the industry. Having the right people to assist or mentor you is the dream of every new lawyer. In every firm, there is a need to invest in hiring a professional who can help take your business to the next level. From the internet, lawyers can now outsource services with ease. Many people advertise their skills on the internet. Firms have also created websites where you can easily find them. On these websites, there are details about the firm in concern. You can type what you need in the search bar section and quickly get the details.

Communication Management

The ability to secure reliable results for clients depends on effective communication. Communication skills in the legal market are changing with the development of technology. Clients have different preferences on the means of communication, and lawyers have to adapt to these new ways. Law firms are also implementing up-to-date channels of communication. 

One way lawyers can exceed expectations by interacting with clients is through communicating in different time zones. It is now easy to pick conference calls from the comfort of their homes with fewer charges compared to old times. You only need a stable internet connection! The use of  VOIP makes it easy for lawyers to keep track of calls. If you have never heard of VOIP, then start thinking of it as an easy way to make long-distance calls. VOIP is an abbreviation of Voice over Internet Protocol. This method involves taking audio calls through the internet.

Legal Calendar Software

If you are a lawyer looking forward to growing the performance practice of your law firm, legal calendar software will solve your problem. You could be running a small or large firm. The size does not matter because there is a lot to develop when it comes to law practices. According to experts from https://www.clio.com/practice-types/family-law-software/, there are different ways in which you can use legal calendar software. The software allows lawyers to work effectively, hence increasing profitability. The uses include;

  • Scheduling the firm’s activities
  • Connecting events to cases
  • Updating clients
  • Billing

Leveraging Analytics

Lawyers use cognitive analytics in automating routine processes in a law firm. Complex statements in legal documents get simplified into a context that is easily understood. Lawyers achieve this process through the use of artificial intelligence that analyzes contracts while automating the approval process. The development of artificial intelligence is one of the essential legal technologies. The use of analytics has directly impacted law firms by reducing contract reviews cost by a considerable percentage. This technique is significantly changing law firms as lawyers can minimize the time used to review contracts. Instead, lawyers can use this time to interact with clients. The other way lawyers can use analytics as advanced technology is by examining the language of the judge’s opinions. 

E-Discovery

The last way in which lawyers can make use of technology advancement is automating e-discovery. We may not understand the time lawyers take to prepare cases. The job may look simple to an outsider. This belief is false! Lawyers spent more time preparing cases. For them to find pertinent evidence, they have to sift through documents for long hours. Fortunately, new technology has simplified the work. Everything is in digital form. Lawyers can get evidence via emails, database archives, or through mobile devices. The e-discovery software uses analytics in speeding the process. The added advantage of automating e-discovery is that streamlining the process is simplified because of the elimination of irrelevant documents. 

New development in technology is transforming the law industry. Lawyers and law firms are now embracing the changes. You need to have the right technology to adapt to this development. Partnering with professionals in technology will give you access to all the necessary technological tools. You can smoothly run advanced applications while protecting sensitive data. With all the relevant tools in place, lawyers will work more effectively.

Continue Reading

Trending

Copyright © 2020 HiTECH