Category: Finance

The best thing about having a career that is in line with Forex trading is your ability to earn profit at the comfort of your home. Some may think that this endeavor is nothing but an unstable sideline but they are wrong.  Seasoned Fx traders and even financial experts can attest that currency trade is a very potential and profitable career once you are able to digest how the different merchandise behave in the market. Such a goal can only be achieved once you have learned to embrace every FX trading principle and tips that you learn from the experts through reading or enrolling in a trading course. However not everyone has the means and time to attend trading courses and to help you learn some of the basic techniques and strategies that made several traders successful in their respective journey,  here’s an opportunity for you.  We bring you 3 trading tips that you can try in order to boost your FX trading career.

Tip1: Never let go of your trading ideas

Whether you are a newbie or a veteran in forex trading,  your ideas will always be as useful as the tips and strategies that you get from experts.  What we are trying to tell here is to always trust yourself in terms of your decisions. Always remember that the things that you learn from your resources should not solely determine your moves. Try to personalize the suggested trading ideas by incorporating your thoughts.  If for example, somebody suggests that copy trading will boost your profits but you feel more at ease with news trading,  maybe you could find a way to fuse both strategies so you would be entertaining both the suggested idea and your personal thoughts.

Tip 2: Learn to ask questions and observe

At a certain point in your trading career,  you will be faced with several questions which you think are hard to answer. This happens most of the time when you talk about risk management.  you have probably experienced the feeling of being torn in between closing a deal or holding it for while. If you are or will be in this situation,  we recommend that you stay calm.  pause for a while to ask a series of questions that will help you land into a logical decision by answering them to the best of your ability.  you can use your prior knowledge as a basis for answering them.

Tip 3:  There is no such thing as a perfect trade

 Your goal towards trading is not to perfectly have a positive outcome. Remember that your success does not rely on the number of successful trades that you had but on your ability to keep moving forward despite losses.  keep in mind that it is your ability to balance your trading plans and stick to them.  Note down your past mistakes and learn to improve them little by little.  Practicing a little bit of sensible trial and error won’t harm your trades, not to mention that demo accounts could be your best friend when trying out a new strategy.

Currently, in India, there are about 12 million crypto investors. Most of these are below the age of 40 since people above that age wish to invest in safer options like mutual funds, SIPs etc, for their retirement goals and savings. People above the age of 40, also often have the responsibility of a family, kids, etc, whereas the younger population like those in their 20s or early 30s do not have much liability and can even relatively larger amounts because even if they lose it, it won’t push them into great debts and add a fiscal burden. Like any other market, crypto is also extremely risky and any investor or potential investor must be thorough in their research and invest very carefully and cautiously. The trend of investing in crypto is at an all-time high, and it started with the infamous bitcoin faucet around a decade ago. It has become so popular in today’s times that holding a bitcoin is an almost priceless phenomenon.

Why chooses crypto?

Cryptocurrency and especially coins, are extremely lucrative for investors, looking to make easy money in a short span of time. The glorified version of being a crypto investor is that they earn most people’s annual salary, as profits, through a single trade. However, no one wishes to talk about the dark reality. Investors who earn abnormal profits amount to a mere 1 percent of the total investors. The remaining 99 percent often end up losing more money than they invested or can afford to. This happens due to various factors such as volatility of the market, lack of knowledge among investors etc.

 The bitcoin faucet and even crypto as a whole is unchartered territory for even the most professional of investors. This is because it does not operate on facts and figures like the stock market but rather on uncertain and the most random factors. Caution and care is always advised while dealing in crypto.

Residents of the UK who are looking forward to starting a new business or who have been working in the initial stage with 250 employees working in their team should read about EIS. EIS is a famous scheme in the UK known for helping small to medium businesses attract potential investors who in turn can get tax relief. It is not a scheme meant for accumulating venture capital but allowing more investors to invest in your company’s shares and find relaxation in tax.

Before you look for applying in the scheme, here are certain crucial points you should keep in mind for better understanding. Keep reading below:- 

What Is EIS? 

EIS or Enterprise Investment Scheme is a special scheme launched by the UK government for encouraging small to medium enterprises to grow themselves. The scheme allows both individual investors as well as corporate investors to invest in the businesses under this scheme. While the former is eligible for gaining tax relief via scheme the latter is not. The program is meant to help the people running riskier businesses find certain benefits and stability. Through the plan, the business can attract more investors since the investors can get tax relaxation. It is important to keep in mind, 

Important Features 

Below are listed some of the major features of the EIS scheme:-

• The company should have trading experience of a maximum of 7 years

• The maximum number of staff should be 250 or 500 for KIC

• Maximum investment= £12m or £20m for KIC

• Corporate Investors can invest in your company but they will not gain any tax relaxation

• Loss relief is provided

• Initially, you can expect 30 per cent tax relief
  

Eligibility For EIS 

For applying for the Enterprise Investment Scheme, your business must be in its initial period with a maximum of 7 years of the trading period. It should be based in the UK. The company should be existing on its own or it should not proffer more than 50 per cent shares for another company. Also, the company should not have gross assets of more than £15 million at the time of issuing of shares. Accumulated funds under EIS should be used within two years. 

Benefits Of EIS 

There are certain benefits of EIS. The best benefit includes gaining 30 per cent income tax relief in the initial period on investment. Investors can balance any losses incurred against their earnings in any case the business fails. Thereby the EIS offers the most suitable position for investors to come and invest in their favourite budding business and support them further.

In addition, on investing in a said business, the investor can also get exemption from paying any kind of capital gains tax for the profits gained when those shares are sold in the future. 

Conclusion  

EIS is a very beneficial program for budding businesses to help them grow more and take risks. At the same time, one should read all the given points to get a better sense of clarity and more benefits.

Finance news is delivered in various methods each having its unique feature and trait that helps set them apart from each other. Newsletters are often taken lightly or for granted and many find that their coverage to not be significant. Newsletters are not an entirely new concept as they have been around for quite some time but have kept their relevance over the years. Websites such as https://www.rumrebellion.club/ make good of using them to reach their audience in a timely and orderly fashion. Let us look at some of the reasons why you may want to subscribe to online finance newsletters.

Most of them are Free

Cost is often one of the main reasons why people are reluctant in subscribing to a particular service. Most finance newsletters, however, like the ones from https://www.rumrebellion.club/ are free of charge. No payment is required as they only need your email address as a way to get in touch with their readers. Furthermore, there are no strings attached as you can just unsubscribe to them at any given time when the need calls for you to do so.

Receive the Latest Reports Right Away

News around finance is circulated on the internet regularly. Not everyone, however, has the time and pleasantry to spend checking the daily news because of work and other related activities. It is important to note that not all of the news that is shared online is relevant to finance. You can, however, avoid missing out on important information that you need with the help of newsletters. This is because the reports are sent directly to your email address which makes them easy to sort and organize. This in turn reduces the likelihood of getting lost in the sea of information with online finance news.

Look for Reputable Subscription Services

It should be noted that people today will not be finding any shortage of subscription services with them being made readily available over the internet. With that being said, not all of the newsletters that you can find today are worth your time. Being free does not mean that you need to give them your emails right away. The reason behind this is that some websites just spam your inbox sending irrelevant information and this is something that you don’t want to deal with. As a result, you must research the websites first before sharing your email address.

Checking the background of the website will go a long way in helping give you, to some extent, a good amount of overview on what to expect with regards to the overall quality of newsletters that they provide. Don’t delay and start subscribing to finance newsletters over the internet today!