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.
What the D.C. Riots can Teach us about Technology
Washington DC just witnessed violent riots that took most people by surprise. But for people who have been observing trends on Social Media keenly, the signs were there to see.
The events that led up to political extremists storming the capital have been building up for a while now. Much of that build-up leading was taking place on Social Media.
Now that we know how dangerous Social Media can be, there are some touch lessons for the tech community to learn.
There is no doubt that technology has done so much good within Washington DC. Law enforcement agencies have leveraged the power of Social Media to trace and apprehend individuals who participated in the lawlessness of that day.
The riots in D.C. have brought to the fore the good and bad side of technology.
How Technology Enabled the Riots in Washington
It is impossible to deny the role of technology in making what happened at the Capitol even possible. Platforms like Twitter had rioters openly agitating and organizing during the lead up to the event. Little attention was paid to them.
Extremist groups congregated and coordinated their activities on Social Media networks including Twitter, where they built up the momentum to their big day when they stormed Washington.
As the rioters plotted together with like-minded people and groups like QAnon on Social Media, they also spread lots of misinformation.
Fact or Falsehood?
One of the major observations from the activities of the few weeks is how falsehoods get retweeted more frequently than facts.
Because social media users aren’t protected enough from misinformation, misinterpretations and lies often spread faster than facts.
This easily leads to events like what we witnessed on the 6th, when mobs of rioters stormed the Capitol in Washington DC.
Social Media companies have been the subject of much criticism for their failure to act in a more timely fashion. If groups like QAnon had lost their social media platform earlier, they would not have successfully mobilized for the D. C. riots.
The Role of Tech Companies in Security After the Riot
It may seem like the role of technology in these riots was a purely negative one, but technology has also played a positive role in the situation.
Because the riots were so widely publicized on Social Media with thousands of photos, videos, and live streams, law enforcement had an easy time tracking down rioters with facial recognition technology.
The vast wireless network on the Capitol helped law enforcement to track devices within the building. As the rioters stormed the building, their IP addresses were picked up by the network. This made them easily identifiable by their phone records.
Social Media no doubt played a role in making the Washington DC riots happen. But it is also a useful tool for bringing the law-breaking rioters to book by providing a record of their intentions which are admissible in a court of law.
Besides just providing evidence after the fact, law enforcement agencies are working on using Social Media to predict such events before they occur and act to stop or prevent them.
How the Capitol Riots Could Shape the World of Technology
The riots in DC brought in light the good and bad aspects of technology and now people are even more aware than before of the influence of technology on public safety.
This newfound awareness could shift the way America handles technology going forward. Tech companies are taking a more proactive approach to dealing with threats, and the government is putting technology at the center of its security operations.
Because Washington D.C.s wireless infrastructure was so instrumental in tracing and apprehending the rioters, it is likely that more attention will be focused on establishing more smart cities across America in order to enjoy the security benefits. Experts foresee that smart cities will grow by 18.9% per year over the next five years.
Law enforcement can be a lot more efficient if they can leverage a more connected city infrastructure
Twitter and Facebook responded to the riots by locking Trump’s social media accounts ostensibly to keep him from inciting more violence.
This is the most drastic action that a social media company has taken against abuse of their platforms by public officials.
Social media sites could become more proactive in future to identify and address these threats in time.
Technology’s Power for Good and Evil
Technology is as good or as evil as its users. The D.C. riots have demonstrated clearly that technology’s greatest strength is also its greatest power to harm.
Technology’s power of positivity or destruction is possible depending on how it is used.
We cannot condemn technology in total even after what happened any more than we can keep going without changing anything.
The greatest lesson is that individual users, tech companies, and authorities must be vigilant to harness the power of Social Media for good while mitigating evil.
China to Reign in Risky Borrowing and Fraud using Financial Data from Tech Companies
To combat fraud and risky borrowing, the Chinese government may turn to local tech companies for help.
Anonymous sources told Reuters that companies like JD.com and Tencent (affiliated with Alibaba) may have to give up users’ loan information.
With such a move, China would be exerting even higher levels of control over the internet.
Under the new plan, tech companies would share loan information with Credit agencies under instruction from the People’s Bank of China.
Lenders will then be able to access this information from credit bureaus and use the information to evaluate the risk of lending to individual borrowers. These credit agencies include Baihang Credit and Credit Reference Center.
The policy may work in favor of smaller lenders who take on a higher degree of risk than larger lending companies.
Payment platforms like Alipay and Ant Group have a billion users collectively which means that they possess a wealth of information that smaller lenders can benefit from.
WeBank is a small consumer lender controlled by Tencent and JD Digits is under JD.com.
According to Shanghai-based Fintech entrepreneur Alex Sirakov, China will be making the right choice: “China seems to be making the unpopular, albeit right choice to sacrifice the current closed loop mentality financial paradigm in favor of a broader digital identity framework with potentially better access and greater efficiency in the long run.”
Large tech companies wield so much power in China that the Chinese Communist Party is growing more and more concerned about them.
Ant Group was supposed to debut on the stock market in November, but the $37 billion IPO was cancelled two days before it went live. It was an anticlimax.
The People’s Bank of China demanded that the Ant Group mends its business in order to meet government regulations and make itself more cooperative with the government and transparent in its dealings with micro-lending services.
Chinese government regulating agencies are now investigating ecommerce giant Alibaba. The mere announcement of these investigations led to a significant 9% dip in share prices.
East Asia Economics expert Richard McGregor said this to AFP: “There is an underlying political message that no company and no individual can grow so big in China to the point where they can potentially challenge the authority of the [Chinese Communist Party].” McGregor is based at Sydney’s Lowy Institute.
The Israeli Startup Driving a ‘Tree Farming 4.0’ Revolution with AI
An Israeli startup has benefitted from a substantial funding for their AI-powered tree-care drone project.
SeeTree is a startup that is working to help farmers care for their tree using Artificial Intelligence. The startup just received a $30 million funding in a Series B round led by the International Finance Corporation and supported by Citrosuco, Netafim, Orbia Ventures, and Hanaco Ventures who all participated in Series A.
Citrsco is an orange juice firm and Netafim is in drip irrigation.
SeeTree makes it easier for farmers to monitor their trees’ health and track the growth of each tree. It also helps develop individualized plans for the care of single trees or tree clusters.
By fitting fleets of drones with multi-spectral sensors, SeeTree captures ultra-high-resolution images which can be analyzed and compared with soil samples and tree samples.
The company then leverages Machine-Learning algorithms to carry out analyses and feed farmers with information they can act on in real-time to care for their trees. This information allows farmers to understand the state of their trees with regard to water consumption, pests, soil, growth rates, and diseases among other factors.
“We started with citrus and are servicing the largest citrus growers globally. We have a strong playbook and will continue scaling within citrus. We are now equally focused on growing our offerings into new crops such as almonds, olives, and hazelnuts, where we are already deployed and supporting farmers” explains CEO Israel Talpaz.
SeeTree’s work force of 120 is already hard at work monitoring more than fifty million trees in South Africa, Brazil, Chile, and the United States.
“Our vision is to enable the ‘Tree-Farming 4.0 Revolution’ with the Intelligence-per-Tree that we provide. SeeTree as a standalone solution can reduce operational expenses by 20-40%. By connecting SeeTree to tractors, irrigation systems we can unlock additional optimizations to further increase the value to our farmers,” adds Talpaz.
SeeTree has raised more than $45 million since it was founded in 2017 by Israel Talpaz, Barak Hachamov, and Guy Morgenstern. The tech company now wants to use their latest round of funding to take their revolution worldwide, take care of a wider range of crops, and develop their R&D and service delivery capacities.
“SeeTree has scaled in a massive, but frankly difficult-to-penetrate, market,” says Board Director Pasha Romanovski who is also a cofounder at Hanaco Ventures.
“The SeeTree team, led by Israel, has been able to productize a tremendous amount of deep technology into a platform accessible to farmers. They’ve developed great technology and have been able to execute in an important market ripe for innovation – trees.”
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