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May 2020

Finance

Choosing the right platform for online trading India

by William Lee on

Whether you intend to deal in Forex or trade in stocks, you need to be extremely careful when choosing a platform for online trading in India. The truth is that the trading market is characterized by higher profits and is one of the most profitable markets but it is also associated with ample risks. For a steady flow of returns and income, it is essential that you choose the right platform for trading online.

So, what is that you should be looking for when choosing an online trading platform?

Be it the stock market or the forex trading market, these are some of the essential criteria to look for when selecting a platform for online trading India.

  1. A basic simple platform that has easy to understand and easy to handle features. At least in the beginning, it is advisable not to look for something that is over complicated with additional features. What is important is that the online platform should be robust and steady; safe and secure; credible and trustworthy. Another aspect that you need to keep in mind is the scalability of the platform so that as you grow your trading business in the future, the platform offers you the right scope to address your increasing demands.
  2. For online trading in India, choose a platform that is user friendly. The emphasis should be to make your work easy and seamless rather than obstructive with complex instructions and interfaces. You would need to check their graphics, the display features, how well the platform is able to update you on the latest trends and rates and so on. At the end of the day, the entire functioning should be to facilitate you to earn and maximize your profits. One rule of the thumb that seasoned traders follow is to check the first impression of the platform. If it does not appeal or fails to impress or is too cumbersome and overtly complicated, leave it and look at another online trading platform.
  3. Go in for a platform that offers stable performance. After all, you would not want to miss out on key decision-making points. Having an unstable platform can spell doom for your online trading India It is important to speak to industry experts and your colleagues from the trading industry and understand their recommendations. Stability and security are two of the most critical aspects that need to be thoroughly cross-checked before choosing a platform.
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Automotive

Things to Do Before Obtaining a Loan if You Need Instant Cash

by William Lee on

Despite having a full-time job, you still have a hard time making ends meet. You have a lot of bills to pay, and your income isn’t enough. The next option is to get a loan. The problem is that you have to worry about how to pay the loan later. If you factor in the interest rate, the amount that you have to pay will be high. Before you obtain a loan, you have to consider doing these things first.

Check your savings account

It would be best to determine how much you have in your account now, and the expenses you will incur. If you check the current savings minus the expenses, you might still have enough to get you through the next few months. There’s no need to obtain the loan if you expect a regular paycheck anyway. You might have to reduce your monthly expenses and learn to sacrifice in the process.

Sell old things

You also possess a lot of old things, and it’s time for you to let go of them. Start cleaning your house now, and you will find containers that have items that have collected dust over the years. They might not hold any value for you, but others might want to buy them. You can host a garage sale or take a photo of these things and sell them online.

You might also have an old car that’s no longer in use. You can find junk car buyers who will pay a reasonable price for the car. They will scrap the useful parts and sell them for cash. Determine how much they’re willing to pay for the vehicle before you agree to dispose of it.

Get a second job

You already feel exhausted having a full-time job. However, if you’re in dire need of extra cash, you can consider getting a second job. There are excellent options online. They’re not as exhausting as your day job since you have to stay home and sit in front of your computer. Some profitable jobs to consider are teaching, writing, web designing, and photo editing. They’re mostly freelance jobs, so you can work based on how many more hours you have free.

Understand the loan policy

After considering these options, and you realize that you still don’t have enough money, it’s time to pursue that loan. Before you sign any document, you need to understand the policy. You don’t want to end up in more debt later because of the terrible terms. Make sure the interest rate is reasonable enough. You should also check the repayment scheme and make sure you’re comfortable with it.

Getting a loan should be the last option after exhausting all other means to make ends meet. You also don’t want to make it a habit to run to loan providers if you run out of cash. Some of them will make it easy for you to borrow money but will be hard on you if you don’t pay on time.

Image: https://unsplash.com/photos/wkKlv0YqXts

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