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Archives for October 2020

October 29, 2020 by: Ryan

The Basis of Online Trading in Easy Steps

Today, financial markets are at your fingertips. Around the world, millions of traders work remotely, buying and selling assets online. Their profits depend on their skills and market forces like supply and demand. Anyone can try to master this art. All you need is suitable software, a brokerage account, and, of course, knowledge. Discover the fundamentals of Internet-based trading.

Online trading is unimaginable without sophisticated platforms and apps. Today, you can work from any device, at any time of day and night. For example, the global currency market is almost always awake. It is open 24 hours a day every weekday. Traders may even use robots that make decisions while they sleep. Generally, tradable instruments have similar logic.

Buying and Selling Online

You may be familiar with the stock exchange cliché ‘buy low and sell high.’ It is applicable to other markets too, i.e., derivatives, precious metals, etc. Consider what happens in the most colossal of them – the global currency exchange.

Currencies are always valued against one another, forming pairs. Exchange rates are always changing, as they are swayed by multiple factors, both economic and political. For instance, think of problems faced by oil exporters like Nigeria. When the price for the benchmark crude plunges, their national currencies depreciate, and vice versa.

Such factors are known as fundamentals, and they form the basis of Forex analysis. Other examples include GDP, interest rates set by central banks, trade deficits, wars, etc. Traders keep track of these events to see where their instruments are headed. They may also use technical indicators like volume and price to detect patterns.

Every trade is an attempt to buy low and sell high. This means that currencies are sold when they are expected to fall, and bought when a rise is anticipated. An important advantage is that both uptrends and downtrends can be profitable. There are plenty of resources that teach Forex trading for beginners including these four main steps:

  1. Open a demo account;
  2. Learn and practice as much as possible;
  3. Switch to live trading;
  4. Make Profits.

Reading Currency Prices

Every currency pair follows the formula ‘base currency/quote currency’ (aka ‘counter currency’). If the price for USD/ZAR is 16.57030, you know that one American dollar costs roughly 16.6 South Africa rand. Two prices are streamed simultaneously. These are Bid (for all sellers) and Ask (for all buyers). The former is always slightly lower, which corresponds to the general logic of sales.

The ForexTime broker recommends you choose pairs whose dynamics are most familiar. For example, a resident of the European Union may prefer EUR/USD. Here, knowledge of the European economy helps to predict the dynamics. At the same time, a resident of South Africa may be advised to opt for USD/ZAR, as the quote currency represents their national monetary system.

Basically, traders of currencies, stocks, and other instruments bet on the direction of the market. They open positions in accordance with their forecasts. You go long when you intend to buy, and go short to sell. This is the underlying logic of Forex trading in general. What changes are the factors you need to monitor. For example, someone trading shares should keep a close eye on the performance of the issuing company.

Automatic Trading Tools

Stop Loss and Take Profit are invaluable features of popular trading systems. These are parameters determined for every trade (at least, they should be). The trading system is programmed to execute a position automatically when the desired price level is reached. This way, traders can collect profit and establish an acceptable level of risk. They know exactly how much they can lose if the market turns against them.

Wide Choice of Instruments

As a trader, you should not be focused on a single instrument. Many pros begin with Forex course and add more instruments as they gain more experience. The more assets in your collection – the lower your overall risk. If any instrument is unprofitable, you may see returns elsewhere.

Diversification is a basic recommendation. Do not rely on one instrument, as it exposes you to high risk. Your ultimate goal should be the creation of a diverse portfolio where risks are balanced across a set of different markets. Of course, this also requires expertise.

Where to Begin

If you have never traded online, begin by opening a demo account with a regulated brokerage. In South Africa, the services are offered by local and international brands. Make sure the provider is officially registered and authorized by a credible entity, such as the FCSA, the FCA, the CySEC, etc.

Reliable brokers provide clients with education, training opportunities, and support. They also process all financial flows to and from your account. It is crucial to select the right provider in order to trade safely.

October 26, 2020 by: Ryan

Alternatives to an Employee Trip Since It Can’t Happen This Year

It’s a good thing to have an employee trip each year. It’s time for everyone to relax and strengthen the bond at the same time. Employees will feel good if the company exerts effort to reward them. Unfortunately, though, long-distance trips aren’t possible this time. Given the pandemic, it’s risky to visit other places. Some companies even have to request everyone to work from home. If these trips don’t happen this year, there are excellent alternatives worth trying.

Monetary bonuses

Instead of using that extra company money to go on a trip, you can distribute it to your employees. At a time of financial uncertainty, receiving unexpected cash is helpful. Your employees will appreciate this huge help, especially those who also have to face a health crisis at home.

Travel farther next year 

If you intend to travel within the country this year, next year could be a different story. You can plan to go overseas since you didn’t use the budget this year. By then, it would be more meaningful since everyone wants to travel far. The pandemic cancelled all travel plans, and your employees will appreciate this news.

Health and wellness

Some employees are suffering from mental health issues due to this pandemic. Not being able to interact with others has worsened the problem. The best way to use the budget for the company trip is for health and wellness plans. Anyone can avail of these plans to stay healthy during this challenging time.

Funfair

Organise a fairground hire once things get better. Check out

https://www.wearetricycle.co.uk. It allows everyone to have fun and relax. It achieves the same objective as travelling to other places. The good thing is that employees don’t run the risk of getting infected. Even if it’s a mass gathering, it only involves the people working within the same environment anyway. Anything that can put a smile on the faces of your employees is worth pursuing. Of course, you might have to wait for a while before having this event since there are still regulations against a mass gathering.

In-house team building sessions

When it’s possible to get back to the office again, you can have team building activities. The employees will have a chance to bond and get to know each other. Since it’s only in the office, it will be less expensive. It’s also safer. You can hire someone to facilitate the activity, or you can even organise it within the company. Since this is a cheaper alternative to a group trip, you can still use the extra money for other activities in the future.

We’re still in a difficult situation right now because of this pandemic. However, it will eventually be over. Then, we can pursue whatever plans we postponed. As the business leader, you have to think of ways to keep your employees motivated and to stay on top. It’s a huge challenge, but you have to get through it, so the company stays alive.

October 22, 2020 by: Ryan

Cheap Ways to Increase Your Home’s Value for Resale

If you’re looking for tips to sell your house, it’s essential to know that you might not be getting the best price for it if you sell it as it is. Fortunately though, there are several cheap ways through which you can not only increase your home’s value while you sell it, but attract more potential buyers as well.

Apply a Fresh Coat of Paint

Out of all the different ways through which you can increase your home’s value, perhaps one of the cheapest and most common ways is to give it a fresh coat of paint. The exterior of a house is no doubt among the first things that will catch a buyer’s eye, which is why a freshly painted house is something that’s almost certain to get you a higher price while selling. Colour Life House Painting Sydney tells us that one thing a lot of their clients keep in mind here is to try and always stick to neutral colours while applying a coat of paint to the exterior, as this is most likely to attract the largest number of people.

Add Some Flair through Outdoor Lighting

Improving your outdoor lighting is also an easy, cheap and effective way to increase the value of your home. If you can dazzle potential buyers with high-end and effectively installed lighting before they even enter the home to inspect the insides, you can be certain that they’ll be willing to pay a much higher price than they would otherwise. The great thing about this is the fact that lighting is perhaps one of the cheapest things of a house to upgrade, and doing this outdoors is quite easy as well since there won’t be any disruption for those living inside the house.

Maintain and Enhance the Flooring

If the flooring of a house isn’t in top-notch condition, it’s almost certain to put people off from buying your home. First and foremost, you’ll need to ensure that there isn’t any significant damage to the flooring, and if you do end up spotting damage, repairing it is essential to make sure that you get the best possible price for the home. Laminating the flooring of a house is also a somewhat cheap yet great way to increase its value, as laminated floors tend to look a lot more appealing. It’s worth highlighting though, that laminating the floors of an entire house can be a bit pricey so one way of cutting down on costs is to laminate places like the living and dining rooms.

Replace Indoor Hardware as Required

Another cheap and effective way to increase your home’s value is to replace the indoor hardware if it’s showing signs of wear and tear. Things like doorknobs and light fixtures are almost guaranteed to show their age over time, and, even though these are relatively easy and cheap to replace, they can still put off potential buyers as it hinders the overall image of a home. If you’re planning to sell your house, take the time to go through your home and replace all the hardware and fixtures with something new. Not only is this whole process relatively cheap, it’s basically guaranteed to increase the value of your home as it’ll give potential buyers the impression that they’re buying something that’s brand new instead of something that’s been worn out over time.

 

October 7, 2020 by: Ryan

What are the benefits of a seamless gutter system?

The role of seamless gutters is crucial to your home and property against bad weather. Homeowners generally understand the role of how gutters help retain the integrity of a home and why seamless gutters are a smart choice for almost every home.

Gutters do more than just channel water away from your home. They can help reduce degradation of the landscape, avoid flooding of the basement and crawl space, and eliminate water staining. After consulting with the gutter experts at Cavalry Roofing in North Carolina, we were able to ascertain the importance of how a properly installed gutter system can not only prevent damage to your home and erosion from occurring to your landscaping, but by choosing a seamless gutter system you can save money over time and get better performance than if you chose to go with a seamed system.

How the gutter system is crucial to preventing damage

Gutters keep the rain from spilling across the base of your house, causing water damage that can find its way indoors. Without gutters to prevent flooding from the fragile areas of your house, damage will soon develop. Rainwater is shifted away from the base to avoid damage when the gutter system is in good working order. Moreover, the seamless gutters protect your roof. The locations most at risk of damage are the fascia, soffit, and other structural elements of your roof. However, a well-functioning gutter system is all that is required to mitigate these risks.

What are the benefits of seamless gutters?

Here are the top 5 benefits of seamless gutters:

  • Reduced Leakage

One of the most common issues plaguing standard sectional gutters is leaks. In most cases, leaks occur around the region of the joint where two gutter parts are joined together. Compared to sectional gutters, seamless gutters have very few joints, thus helping to reduce the number of leaks and gaps.

  • Fewer clogs

The arrangement of regular sectional or seamed gutters makes them susceptible to clogs. Leaves, pine needles, twigs, and other debris are common culprits that can collect in your gutters and get stuck in the places where joints attach and separate.

Your gutters get clogged as this debris begins to collect and water is unable to flow freely into your gutters. Since they have very few joints where clogs are most likely to form, seamless gutters help protect against clogs.

  • Enhanced Functionality

Usually, seamless gutters are customized to match the dimensions and construction of your house. Joints appear to only be present at the corners of your roof and your downspouts, helping to reduce problems. Their fluid nature also makes it simple for water to flow freely and to act as expected for your gutters.

  • Aesthetically Pleasing

With their aesthetically pleasing nature, seamless gutters add to a home’s curb appeal. They can be painted to match the exterior of your home or choose ones that will stay beautiful for years with an enamel finish. You can also choose from steel or copper versions, or just go for standard aluminum construction.

  • Low Maintenance Costs

Fewer leaks and clogs lead to less dirt, less corrosion, and less repairs. In addition, seamless gutters are less likely to attract chipmunks, birds, and other animals that prefer a clogged gutter to take up residence.

Final Thoughts

Note that you will need to procure the support of a skilled contractor when selecting seamless gutters for your house. They will ensure that the care and attention it needs are provided by your project. Also, they will make sure that you are left with a gutter system designed to last.

 

About

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about,

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about me

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about, Read More…

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