6 Things every novice trader in Hong Kong should know

by William Lee on January 14, 2022

The trading world can be very intimidating for novice traders who are just starting their careers. There are many rules to learn, markets to watch, and specific strategies that need to be mastered. This can leave even the most passionate individual confused about where they should start to become successful.

For this reason, we created a list of 6 things every novice Hong Kong trader should know so you can get started on improving your money-making abilities in the financial industry.

1. Always Have an Exit Plan

One of the biggest mistakes new traders make is acting impulsively when closing out trades. With the adrenaline pumping through their bodies, novice traders will enter into risky or unprofitable trades, then will not have an exit strategy when things go sour.

This is the worst thing that you can do as a trader. Remember how much money you are willing to lose on each trade and never exceed this amount. When trading with overconfidence, your losses will outnumber your wins more times than they should. Make sure always to have an exit plan for every one of your trades!

2. Accept Rejection As Part Of The Process

Start by trading small and gradually increasing the size of your investments as you learn more about the market and become more comfortable taking risks with your capital. You need to be aware that it may take some time before you begin seeing profits. While this can feel frustrating, you just need to know that it is part of the process.

3. Use Trading Indicators For Support And Resistance

One of the most important concepts that a novice trader should learn is interpreting various trading indicators. Trading indicators can help you identify both support and resistance in your market; knowing where these points are located will allow you to make much more informed trading decisions in the future. If you want to become a better trader, you need to learn to use specific charting methods, such as Fibonacci retracements, to analyse different markets.

4. Learn To Watch And Read Markets When They Are Closed For The Day

Many novice traders focus on the major exchanges: the NYSE and NASDAQ for stocks and the CBOE and NQ for futures and options. While new traders must know how these markets operate, we suggest learning about other exchanges around the world so that you can be more successful.

Learning everything you can about the HKFE and SGX for commodities, forex options on the SESC, and futures contracts on the DCE will provide you with a good foundation of knowledge that can help you immensely in your professional career.

5. Watch How The “Pros” Trade Before Roulette Wheel Systems Start To Make Sense

Avoid all systems and strategies that involve roulette wheels or spinning objects; these are designed for small-time traders who do not know how to use proper money management techniques. Remember: if you cannot control yourself during times of success, no matter how complex or revolutionary, no system will ever work for you.

6. The Market Is Always Right, And You Won’t Win Every Time

No matter how much time and money you invest into your trading career, you will lose money at one point or another. It is inevitable. Losing builds part of a person’s character, and gaining strengthens that same character. By maintaining a positive attitude towards success and failure, you can turn every bad situation into a good one because that is what the market will reward you for.

Final Word

Trading can be exciting and rewarding, but it can also be very stressful and confusing if the person involved does not know what they are doing. To become a successful day-trader, one must learn to make the market work for them. We recommend that you use a reputable online broker from Saxo Bank to help you get started with a demo account. For more details, check out the Saxo Bank website and start your trading journey today.

Finance

Factors to be considered when selecting Forex brokers

by William Lee on July 9, 2021

Forex trading is simply the process of changing one currency into another and it is mainly done for trading purposes. Many people nowadays have indulged in this kind of trading. Forex brokers are very much influential to new traders because they give them an array of information that can be quite helpful as they get along.

Some vital information can be on how to open an account, how to trade and get shares, and so on, and this information should guide them to make informed decisions. To own a Forex account is quite similar to having an offshore bank account and so we have steps that you need to flow for u to achieve your goal.

Forex traders with a zar accounts can help you complete the process faster. Not all Forex traders are genuine and trustworthy, some may give you wrong information and so this blog will help you see factors you need to consider when selecting a Forex broker.

Trading cost

A good broker should know the trade level and tell you the maximum number of trades that you can trade for a particular day. If a broker tells you this information you can be in a better position to set a maximum limit of how much to spend for the entire day.

Note that note all brokers will genuinely tell you this, some will demand payment when they give you trading advice while some will do it freely. Also know that the more you trade, the higher chances of making profits you get.

Credibility

You don’t just invest your money blindly with any broker. Make sure your broker has fulfilled obligatory regulations and requirements. He should be honest and trusted. He should be efficiently capitalized in cases of loss.

Getting a qualified and satisfactory Forex broker is very crucial and needs to be given a lot of consideration. Some regulatory agencies you can think of seeking more information regarding Forex brokers are; CFTC in the US, FCA in UK, and AMF in Canada. This will help you get a competent and qualified broker to deal with.

Data security

Make sure your broker is reliable and robust data security, this is crucial because at the time of creating and registering for the account you gave personal details of passport information, credit card, banks, and so on.

Internet connections with the broker should be well secured if not, then your data will be hacked by malicious internet users and they might get access to your account and withdraw all your investments.

Your brokers need to create a unique code and install a two-factor authentication program to secure your personal information.

Forex trading is widely used today and some information is updated regularly, new users may not be in a better position to keep up with the pace and that’s why it’s wise to get a Forex trader broker to help you get along. Factors to consider for Forex traders have been discussed in this blog so that you can make informed decisions at all times.

Business & Trade

Team Building Activities For Work Teams

by William Lee on June 26, 2021

Team building activities can be an excellent way for employees at your workplace to spend time together and get to know each other better. Team-building exercises are also a perfect opportunity for team members to strengthen their relationships by working out problems they might have with one another.

There are many different types of Team Building Activities Singapore that you can try, so you must select the ones that will best suit your needs to maximize results.

Here are three indoor team-building activities for work teams:

A scavenger hunt

This activity is perfect if you want to challenge everyone in the group while simultaneously giving them something fun or creative to do as well. With this type of exercise, participants need only use items around them to solve the different clues.

Team-building scavenger hunts will allow everyone in the group to contribute and think outside of their routine, making this activity so effective.

A word game

If you want a team-building exercise that requires little work on your part as an organizer but yet still gets people collaborating creatively, then try hosting a word game with your work teammates.

For things to run smoothly during these games, make sure there are plenty of dry erase boards or whiteboards available for all participants because it’s likely they may need several throughout each round since writing has been shown to increase creativity levels by over 20%.

An escape room adventure

Escape rooms are great ways to get teams working together cooperatively as it is a fun activity that will get people out of their comfort zone and in front of one another.

Team members must work together to solve puzzles, find clues, figure out codes and use any other skills they may have to escape the room.

Apart from these, many other Team Building Activities Singapore can help you bring your work team together and achieve more!

Finance

Learning What Cryptocurrency Is and How to Use it

by William Lee on May 6, 2021

The digital world is vast and full of information. We just have to find out how to use it to our advantage. You can access your favorite movies through the internet, play your favorite video games with friends from another country, and pay through online bank transfers and receiving your order at your doorstep – all without leaving your home! That’s how unique and essential the digital world is to us today. Without it, we would all probably have a hard time because we are now used to being an efficient part of our lives.

Another thing that will make our life easier and more efficient is Cryptocurrency. Even though it only has been around for at least ten years, it has contributed to our society and helped many people in many ways. It’s the newest financial medium, which is safe and secure. You won’t have to worry about banks anymore because any monetary authority or banks don’t govern Cryptocurrency. If you want to try Cryptocurrency, you must learn more about it first because it’s highly complex, and it takes a professional to understand the ins and outs fully. You can find the Latest Cryptocurrency News at The Currency Analytics.

The Uses of Cryptocurrency in Today’s World

Cryptocurrencies are a financial blockchain that’s decentralized and are mainly used to pay for services and purchase goods and products. If you plan to send a large sum of money to another recipient, you don’t need to go through the bank anymore. As long as you have a Crypto account, you can convert your cash into Cryptocurrency and send money without being questioned. Plus, you don’t have to worry about the expensive transaction fees, which are usually high. With Crypto, you can save money and send it without unnecessary processes involved.

Another use of Cryptocurrency is that it’s another form of alternative investment. Because Crypto values fluctuate, you need to have extensive knowledge and skills about the Crypto market to know when to trade, buy, and sell. There’s a big chance that you will get to profit through Crypto, but you will lose a lot too if you can’t make the right decision on time. You have to watch the market and know the latest news all the time so you can take necessary actions before you lose it all. But overall, many individuals can point out that investing in Cryptocurrency is a good choice. As long as you know everything about it, you’re safe.

Another benefit of using Cryptocurrency is that you won’t experience getting your accounts frozen. There are cases where you get into a big problem with the authorities, and they will ask your bank to freeze your accounts. You will have little to no cash left. But Cryptocurrencies act as a censorship-resistant alternative store of wealth, which only you have access to. That’s why authorities can never freeze any personal Crypto wallet. You can get all your money converted into Crypto if you think you are in deep hot water with the authorities or any governing body to protect your wealth.

Business & Trade

Get A Chance To Take Part In Leather Craft Workshop And Get To Experience Life In A New Way

by William Lee on March 19, 2021

Leather crafting isn’t the type of everyone but there are some enthusiasts among us who love this creative art and do never forgets to nourish and enhance this talent of theirs. Certain teams do provide highly effective and creative leather craft workshop to uplift and back such artists and also to trigger their talent via the inspirational aura being unleashed there in the form of the extraordinary and highly motivating group as well as personal tasks. IF you too are one among this group, then don’t miss the chance which is always open for you. It does worth a try from your side at least once.

Attractive Features

If you are in the best Leather Craft Workshop in Singapore, you will be able to experience a lot of amazing things from the team by which such an amazing program is being conducted. You will be able to develop excellent team bonding and cohesion since you start to work in groups and thus actively mingle with many artists as a single entity. Moreover, the whole workshop will be of much fun along with a lot more to learn and to share with others. The major benefits one may get by participating in such a workshop are enhanced creativity and communication skill along with stress-relieving activities.

While confirming such event management of program organizing teams, make sure that they are the best just like you. Do try getting some valid feedback regarding the team and check their experience too and then only confirm their service. Go and get yourselves a seat in the best Leather Craft Workshop organized by the likely qualified and standard teams. Be proud of the talent you have and keep on growing in your interested area.

Tech

SEO Trends 2021

by William Lee on March 4, 2021

Digital marketing has truly proven its worth over the last 12 months and has been crucial to many businesses navigating the turbulent year of 2020. In particular, there has been a renewed focus on SEO from many businesses, as many were forced to take stock of their online operations.

This increase in attention in relation to search engine optimisation, has made many companies change things and advance. In terms of SEO for 2021 there have already been key trends emerging, which will be important for any business operating online.

Nailing That User Experience

For a long time, many businesses didn’t completely commit when an SEO agency told them to focus on user experience on their websites. The last 12 months however has certainly shone a light on just how critical UX really is. With so much competition online customers don’t have the time to spend on sites with slow page loading, confusing navigation or poor calls to action. This year we will see a much bigger focus on the quality of website design and function, both of which play a large role in SEO performance.

Higher Focus on Content Creation

Many companies went through a period of time whereby they would look for tricks or hacks to improve their SEO performance. The reality however is that the foundation of great optimisation is in content, and that will never change. Ultimately search engines are looking to deliver the perfect result for the consumer. Whilst there may be extra factors involved in how the algorithm works, high quality, useful and original content will always be one of the most critical factors.

Harder Push on Influencer SEO

Some influencers have millions of followers and if businesses can connect with these influencers it could seriously support their ability to optimise for search engines. For a great SEO agency, Melbourne is the place to look and they have been leading the charge with influencers. Influencers don’t just present companies and agencies with an opportunity to boost business, they can deliver exceptionally high ROI too. The key to success here is choosing the right influencer, in the right sector. But keep in mind followers don’t necessarily equate directly to success.

The Boom of Voice Search

Many in marketing have been predicting the boom of voice search and this is happening right now. In fact, approximately 27% of the global population is using voice search on their cellphones. What is more interesting about these searches is that they are highly detailed and long-tail. This is an area which is going to trend hard in 2021. Businesses would do well to position themselves with a heavy focus on voice search optimisation as it continues to grow and evolve. Finally, expect to see a much bigger push on keyword research this year, especially in regards to long-tail keywords.

However, no business can build a strong SEO performance overnight. To ensure your business performs well on search engines, you need to make sure that your website is consistently monitored and improved to ensure the best possible performance and grow your SEO ranking.

Business & Trade

Things to Consider Looking for a Job – Top 3 Major Factors

by William Lee on February 2, 2021

You might be aware of the major factors that play a major role when applying for a job that helps candidates get some positive impact on their tasks. It is a must for all people to know about those major factors so that they can get the best result after connecting to an organization. If people don’t pay attention to an organization’s major elements, it will lead them to face troubles.

When people look for a job, they must be aware of the major factors to not face any hardship in dealing with the organization. If people do not grab the proper knowledge about the major factors, then it won’t allow them to get the best result after connecting to an organization. For the people looking for a job, it is a must for them to learn about the major Offerte di lavoro to make a better decision for connecting to an organization.

Try to consider the below details as it will help you know about the best factors that you should consider when looking for a job. It will help you to be safe and secure while connecting to a news organization.

Working Hours – First and the most important factor that you should consider when looking for a job is the working hours. It is a must for you to consider this factor because some companies cheat you and ask you to work for more hours compared to the other companies. You should consider the working hours properly to ask for your right and work for the time mentioned for that company.

Opportunities for Growth – Another major factor that you should consider when looking for a job is growth opportunities. It will help you have a great future with the organization as it helps you get the organization’s best experience. When you opt to learn the opportunities that can help you have positive growth, you should also pay attention to the multiple Offerte di lavoro to get the best job experience. Try to consider the opportunities properly so that you can have a safe future.

Benefits Offered – When you look for an organization, make surethatyou will consider its benefits as it will help you get your rights. If you don’t consider the companies’ benefits, then it will not allow you to get the best result. Benefits play a major role in every individual’s life, and if you do not pay attention to them, you can face troubles. Once you paid attention to the organizations’ major benefits, it will help you have a great experience with the company.

The people who will consider the above factors when looking for a job will help them find the best one as per their requirements. It will be great if people will also pay some attention to the multiple Offerte di lavoro to help them get the best job search experience. Try to stay focused on the info mentioned above so that you can have a better understanding of it.

News

How using PDF will be helpful for you?

by William Lee on January 22, 2021

We will see multiple online sites utilized by corporations to expand their businesses. Online market networks are starting to develop in this 21st century. Online marketers or online entrepreneurs use PDF to exchange details in order to maintain a profitable online organization running.

PDFs are beneficial for an online organization, as PDFs include client documents, receipts, reports, etc. In 1991, or PDF, the Portable Paper Format was developed. Nevertheless, in several industries, it is used. Before inventing the PDF, several machines and their operating systems were able to modify the format of a file. PDF are created in order to protect the data or text as it is converted. For companies, the use of PDF offers a range of advantages, particularly online.

If you have an eCommerce business, you will find considerable benefits from reading this article. In addition to recommending using the pdf editor, in this insightful post, we have addressed some major advantages here.

The format system is good

A text’s consistency and integrity depend on its simple parts. They may be distorted as the operating system transfers details from the operating system. Assume that when converted to an Excel spreadsheet, a word document will sacrifice a lot of flexibility. But in both places, PDF appears to maintain the same file type. On any OS which supports PDF, you can use it. That is not a problem since documents do not have to be converted. Any mutual PDF file retains text to maintain image integrity.

A stable method to convert the file

Preserving corporate records is of vital importance. The holes can slip to advertisers or, worse, cybercrimes through private data exchange information. Know that PDF files appear to all be password-secured. This additional move needs to be covered by data and allows access to designated persons. In order to keep business records confidential, a safe password is necessary. We have found out from several studies that a correct password can include lower and upper case letters with numbers and special characters.

Compatible Format

For exporting from one platform to another, PDF is a more reliable file type that is compatible with every device you will use. A PDF file is a lightweight computer-to-smartphone journal. Downloading and reading PDF articles is very convenient for individuals. With only one click on your screen, you can use the PDF file when you are still remotely running your company. PDF is one of the most flexible tools for document sharing that almost any laptop or portable computer complies with.

Room for development

PDFs can compact files into a simplified file structure independent of the initial folder size. To begin with, compared to text, PDF is usually a more advanced format to use, which is why converting HTML to PDF is necessary. Conversions like c# pdf are quick to create from HTML. Only now does it allow space for further company paper filing with the ‘edit pdfonline’ process. Finally, it doesn’t mess with its consistency even if PDF compresses papers.

Budget-saving

A large variety of business records, including logistics, production, purchasing, sales, etc, are kept by online firms. It is expensive and time intensive to maintain printouts of these papers, which is why online viewing of records is also simpler. It is cost-effective to use PDF editor.

Finance

What is IDV and NCB in Two-Wheeler Insurance?

by William Lee on January 19, 2021

Two-wheeler insurance works as a protection for your bike. It is an optimal way of protecting your bike against the damage that occurs because of an unfortunate incident. Apart from repairing costs, the policy can also provide you with protection against any third-party liabilities which arise due to injuries caused by your bike to other vehicles or persons. You will have to make premium payments to the insurance company for a specific tenure for financial protection. Two important factors that affect the premium you pay towards the bike insurance policy are Insured Declared Value and No Claim Bonus.

Let’s understand them in detail:

What is IDV or Insured Declared Value?

IDV or Insured Declared Value is the highest sum assured that you could get from your bike insurance policy if your two-wheeler is badly damaged or stolen. IDV is the current market value of the bike. If your bike has suffered a total loss, then IDV is the compensation that the company will provide you. The calculation of IDV is done by taking the manufacturer’s selling price and deducting the depreciation cost. The cost of registration and the insurance policy is not included in the calculation of IDV. If you have added certain accessories to your bike separately, then the cost for those will be added to the IDV.

People often opt for a low IDV to get cheap bike insurance in India; however, this could be a drawback when it is time to file a claim for the loss or damage to your bike.

To make the calculation easy for you, a lot of insurance companies provide an IDV calculator online. This calculator is a tool which helps you determine the market value of the car. Some of the factors considered for the IDV calculation are your vehicle’s age and its depreciation. When buying an online two-wheeler policy, the calculator can be of great help for comparing different plans.

With the age of the bike increasing, the IDV of the bike reduces. The formula for calculating the IDV of a two-wheeler is defined below:

Insured Declared Value = (manufacturer’s selling price – depreciation value) + (cost of bike’s accessories which are excluded from selling price – the accessory’s depreciation value).

What is NCB or No Claim Bonus?

A No Claim Bonus is a discount feature on the premium amount that you get from the insurance company. This discount is provided to you if you have not filed for a claim. The No Claim Bonus can be accumulated over the years from the starting date of your policy. You will get to see the discount in effect when you renew your 2 wheeler insurance. The discount range provided through this feature is between 20 – 50%. This feature encourages the policyholders to drive safely. In a way, the insurance company gifts you with a discount as an incentive to drive safely.

The No Claim Bonus works on an annual basis. The discount is applied only on the own damage cover and is not for third-party liability insurance. The discount rate of the No Claim Bonus increases every year you don’t file a claim. But it will turn to zero as soon as a single claim is made, regardless of how many years you restrained yourself from filing a claim.

Consecutive years of not filing a single claim	No Claim Bonus % on the OD Premium
1	20%
2	25%
3	35%
4	45%
5	50%
More than 5 years	50%

A major advantage of maintaining the NCB is that it is completely transferable. So, if you switch to a new insurance company, the NCB discount will be transferred with you to your new policy. For instance, if you have earned a discount of 35% and switch insurance companies, then your NCB discount will be transferred to your new insurer. For a transfer like this, you will need to follow specific terms and conditions, such as renewing your insurance policy before its expiry.

Tips to accumulate your No Claim Bonus:

If you have a bike insurance policy, you can earn a No Claim Bonus on it by not filing a claim during the policy year. While this does not mean that you always pay for the bike’s damages, you can take care of some minor expenses instead of filing a claim.
Being a safe driver on the roads can be beneficial as your bike will always be safe from harm. That way, you won’t have to file a claim during the year.
Sometimes, other vehicles can cause damage to your bike, which may be parked on the roadside, as a result of which, you may have to file a claim for the damages. But if you ensure to park your bike only in designated and safe parking zones, then you will be able to keep your bike free from harm and have a claim-free year!

Conclusion

Lastly, the Insured Declared Value and the No Claim Bonus play a vital role in deciding your bike’s insurance premium. While the right IDV will help you cover the cost of a stolen or badly damaged bike, the benefits from the NCB will help you save money on your insurance premiums.

Business & Trade

Finding The Best Site To Download Ledger Live For Crypto

by William Lee on January 13, 2021

Tech-savvy and advanced investors are moving quickly to the new way of investment available in the form of cryptocurrency. The profitability rate and the enhanced security feature encouraging more and more people to buy these digital currencies. However, users were finding it difficult to store and retrieve the bought tokens. Thankfully, developers came out with a smart and helpful solution by introducing the option to 다운로드 렛저 라이브.

Features of a great ledger provider

However, it is to be noted that random and careless installation may be prone to virtual threats and even unnecessary hassles. A smart and wise investor must act prudently before downloading a ledger keeper. The following features will ensure an easy and safer experience.

Guaranteed Safety- Any online transaction is always coupled with the user’s privacy and transactional security. Everybody must go through the privacy policy of the ledger provider. Check whether the provider offers 100% safety and SSL encryption. Absence or compromise with safety features is highly risky. 다운로드 렛저 라이브 only from safety guaranteeing providers.

Supports Multicurrency- People are now interested in buying different types of cryptocurrencies. Many times a ledger only supports specified categories that may become annoying later. It would hamper the wish to invest in other profitable currencies that are not ledger-friendly. Hence, always choose the software that accommodates undefined types.

Smooth Sync- Every cryptocurrency has an official site where the buyers have to create an account. Hence, the ledger provider must keep in mind synchronizing the user’s crypto account with the concerned ledger. Otherwise, it will be cumbersome to not have auto-updates in the ledger. One must prefer to 다운로드 렛저 라이브 where sync and safety are offered.

Real-Time Updates- For any investor, it is indispensable to update their devices as and when they occurred. Any software will be of no use if it cannot give instant notifications. Check for the reviews posted by existing users or contact the customer care to check about this feature if it is not discussed on the ledger’s official site. A real-time update is a crucial feature to look at.

A ledger provider may come up with other benefits like hardware wallet keys for more security. Such points will always be brownie points that can enhance the user experience.