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September 21, 2018

The key difference between the pro and novice traders

trading optionsTo be a successful businessman, you have to be a pro in the sector you have chosen. It can be a groceries business or a factory business. What you are working within your business doesn’t matter as long as it is legal. But, how you are working and what results you are bringing out of it, matters. And we can agree on this, for better results, you have to be a good performer. To do so, you also need a good plan for your business. Let’s talk about the same thing in the trading business. You also have to be an efficient performer in this business. But, for some people, it is tough to do so because they might not have any idea about how to work efficiently. We will help you (confused traders) with some necessary qualities of the pro traders.

An effective trading edge

Remember, the most important thing in your trading business is your trading edge or trading strategy. No matter, how successful a trader, you have to understand that the most credit of that achievement of his goes to the trading strategy. Yes, other variables do contribute too. But the most important thing is the trading strategy. But, it was not the same when that trader started in this business. With time it got refined more and more. And eventually, it has reached the position to make a trader pro. So, you also have to work with your trading strategy. Even from the beginning, it has to be made by you.

The concept of trading

The concept of trading greatly varies from traders to traders. The successful Singaporean traders always consider this as their business. They never take any chance based on emotions since every action taken by them has a direct impact on their profit factors. If you get involved in options trading, you will understand the importance of trading discipline. The rookie traders always love to challenge themselves. Knowingly or unknowingly they trade with emotions and blows up their account. They don’t really know the key concept of trading. You are here to save your investment not to make your financial conditions much worse. If you think this as your business, you will be able to understand the structure of the investment business. Try to aim for high-risk reward trade setup as it will help you to overcome your loss. Never trade without having a clear trade setup.

Efficient planning for trades

Now you have made your strategy, it is time for you to make plans for your trades. Because every individual trade needs the care to be executed properly. Otherwise, there will be no good result for you after closing a trade. Right when you decide to make a trade, you have to plan for it. And the plan could be for anything that is related to your trading. Like for example, it can be when you are placing your trade or your trading routine. Or most impotent of them all, it can be the money management of your trade. In fact, this is so important that it can save your trading account from vanishing.

Realistic profit estimation

A pro trader probably has spent a lot of time in this business. So, his or her experience of it will be much more than anyone joining recently. Even that trader will understand when there is going to be a mistake by him or her. Because it is also known to that trader. And, with all those experience there will be no place for a pro trader to think on estimation. The brain of that trader will thing about fact and reality, not imagination. And his or her decisions will always be on what is visual in the price charts. And, that is a really good quality of a pro trader. You should try to motivate your mind on thinking about it too.

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September 10, 2018

Let Your Savings Grow By Opting For a ULIP – Know More

insurance investmentsYou must have sought ways to invest in various asset classes from time to time. You’ll get an opportunity by opting for a Unit Linked Insurance Plan. It will even cover you for certain unfortunate circumstances with a life insurance policy. A portion of the amount that you pay towards your premium may be invested in your hand-picked plans. It enhances your chance to achieve a higher return on investment.

If you’re truly eager to achieve your long-term financial goals, your investment portfolio must comprise of ULIPs. Apart from ensuring a cost-effective way of earning more on your investments, a ULIP plan even allows your savings to grow and accumulate more wealth over time.

Compared to other traditional insurance policies, ULIPs yield a unique opportunity for you to enjoy the freedom of customizing your policy while comparing a plethora of options that match your investment needs. Like any other insurance policy or wealth plan, the features of a ULIP plan get you overwhelmed.

Check Out a Few Points on Why ULIPs Are a Good Investment Option:

Multiple Goals:

ULIPs enable you to invest a portion of your premium towards debt, balanced, and equity funds, while the remaining portion goes out towards life cover. Thus, a single product allows you to enjoy the benefits of investment and insurance at once.

Higher Returns:

By opting for ULIPs, you’re actually investing your money across numerous reliable investment options like equity and bonds. ULIPs are a great opportunity for you to obtain quality returns linked to the share market. You won’t enjoy such returns with any traditional insurance policy.

More Flexibility:

The fact that a ULIP enables you to shift from one investment fund to another is a proof of its flexibility. Facts concerning your market performance and risk appetite will help you to pick any of the balanced, equity, and debt funds.

Economic:

ULIPs are certainly amongst the most inexpensive market policies that yield both investment and insurance benefits. The fact that the latest ULIPs don’t demand any policy or allocation costs often makes them more inexpensive than that of the mutual funds. ULIPs are also quite popular due to their tax benefits.

Tax Benefits:

ULIPs can act as an efficient tax-saving tool. The amount that you pay towards your ULIP policy premiums is entirely tax-exempted under certain circumstances. Being a policyholder, you’ll get more chances of extending your savings at a time when there’s no need to pay tax on the amount of premium.

In addition, the portion of your income that’s taxable comprises of deductibles like that of the maturity and death benefit. There’s no reason for you to be concerned about paying a hefty sum as tax out of your savings.

Long-term investment plans like ULIPs are meant for individuals that opt for financial planning for the long run. There’s a 5-year lock-in period that comes with every ULIP. It helps you set your long-term goals in a proper way. The growth that you achieve with ULIPs can help you meet your long-term financial objectives like that of buying a property or fulfilling your daughter’s wedding plans. These days, you may even pick one out of a diverse range of ULIPs.

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August 25, 2018

Cancer Insurance: Need of the Hour

insurance for cancerAmongst all the other health insurances, cancer insurance is becoming more and popular day by day. This is because the rate of the diagnosis of cancer is increasing worldwide so speedily and the cost of the treatment of this disease sometimes exceeds our capacity. Now before going further, you must know what cancer insurance is first. This specialized policy provides a limited coverage when you are diagnosed with cancer. This supplemental insurance policy reduces the cost related to the treatments and diagnosis which includes radiation, hospitalization, surgery, chemotherapy, blood transfusions, nursing care and the medicines prescribed by the doctors. The total of the assured amount depends on which stage of cancer you are being diagnosed a- major, minor or critical. Here are reasons why you should invest in this policy:-

  • Cancer Runs in the History of The Family:-The cost of the treatment of cancer is tremendously increasing with the increased number of cancer patients today. If you have a family history of cancer, then the chance of you being diagnosed with cancer at some point in your life is very high. In this case, choosing a cancer insurance policy can actually help you in the future.
  • Not Enough Financial Backup: In the case of medical emergencies, financial affluence can make a huge difference. Deadly diseases like cancer can leave you without a single penny. If you have a cancer insurance policy then it works as a backup and covers the costs of the treatment and makes you financially stable during hard times so that you can bear the medical expenses further. You do not need to worry about any sudden financial crisis as your chosen cancer insurance policy will surely have a pay-out option where you will be paid a lump sum amount if you are diagnosed with cancer. You can spend this money in any form you wish- to spend on travel expenses if you have to travel to some other place for the treatment or to pay the everyday hospital bills.
  • Can be used as a Supplementary to the current policy:-The premium of a cancer policy is lesser than the traditional health insurance policies. You must go for a comprehensive health insurance policy which is budget friendly and meets every need if you have a family history which indicates even the faintest chance of you, developing cancer. If you do not have any kind of health insurance yet and you have that little risk of being diagnosed with cancer, then based upon your financial capacity, you should go for this cancer insurance plan. Don’t think that in every case, having both comprehensive health insurance and a cancer insurance policy will provide you double coverage of non-cancerous diseases and cancer. There is a ‘co-ordination of benefits’ cause complementing with other health insurance plans, as mentioned in the cancer insurance plan. According to this clause, the benefits of the other health insurance plans are not provided. So if you are going only for a cancer policy then you must go through the exclusions and inclusions of the policy first.
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August 4, 2018

Placing trades with a strong confirmation signal

trading timeMany people simply put their money at stake in Forex by listening to their mind. They do not feel the necessity of analyzing the chart or looking at the pattern and simply place a trade. If you are one of them, you need to read this article. This article will tell you how you can place your trades with confirmation. The confirmation that we are telling is very easy to know and you do not need to ask your broker. They are all hidden in the signals, the indicators and even in the chart you use. All you need to do is open your eyes and you will realize there are many signs that indicate if a trade is good to place or not. Traders ignore them and they trust their inner voices and they lose their capital. We believe you will not do the same mistake and we are going to tell you the signs that can assure you that it is the right time to place your trades.

Learn price action signal

Using the price action confirmation signal is one of the most effective ways to place a trade. The new traders at Singapore often say they have the perfect skill set yet they are losing money. But do you think they are using price action confirmation signal? You have to learn price action trading to trade the market with confidence. The experienced price action traders are always one step ahead in Forex trading profession. They can easily trade the market with tight stop loss without risking a huge amount of money.

Use of multiple time frame analysis

Multiple time frame analysis is another easy way to filter out the best trades. If you do some research, you will understand trading CFDs is nothing but finding the best trades in the random nature of this market. The aggressive traders might have some edge but they will never succeed in the long run. You have to do some hard work and develop your edge. Never let your emotions take control of you. Emotions have no place in the life of a Forex trader. Always believe in your skills and try to keep yourself updated with the latest news release. Never ignore the power of fundamental factors in the Forex market.

The trends are stable and dominant

One of the key indicators of confirmation of a good trade is the trends are stable and dominant. Traders are always advised to place their trades with the trend because the trend appears when there is money. If you simply place random trades, you cannot get to make your profit. You have to analyze the chart and use your skill to find out when it is the right time to place your trades. You also need to check if the trends are dominant and they are showing on the chart for a long time, indicating they will not go away when you place your trades. It is also important that the trends are dominant and they are not some weak movements by the brokers. The next time you are thinking to place your trades, analyze the quality of the trends and to will know for yourself if it is a good decision.

The market does not have a schedule for any major news release

The news release can unstable the market and it can affect your profit growth. If you want to avoid this risks, check the schedule and finds out if there are any major news planned to release at your expected time. A good trader not only practice their own strategy but they also know the news release and the information. The release of major news creates unexpected volatility and changes in trends that are not predicted and may cost money if traders place trades. Only trade when there is no schedule of the news release and the price movement is steadily changing.

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August 1, 2018

Hope is extremely dangerous for the Forex trader

money tradingHope sounds very promising but still, it can have negative aspects. If you do not believe us, read this article and you will find out the dangers of hope. Most people lose their money because of they hope for too much. There is no match between their expectation and their work and what they get in return is losses. We know it is important to keep your spirit up but most of the time, it does not work in that way. It leads to believing into something miracle and traders begin to lose their track. This article will tell you how hope can be risky for your career. However, it has mostly positive sides but the negative sides are so strong that it can easily derail you from your tracks.

Emotions have no place

We are the human being and it’s very normal to get emotional after losing money. Trading is such a unique profession where you will always have to lose trade. But does this mean you will only lose money in the Forex market? If you know the proper way to find quality trades and trade with discipline, even after losing more than 50% of the time, you will be able to make money. Trade the market with a high-risk reward ratio trade setup. The successful Aussie traders at Rakuten broker always say that trading is all about risk management. If you want to become a profitable trader, trade with discipline.

Rational logic

Taking logical decisions in the investment industry is crucial for your success. In the investment industry, Rakuten Forex is a very popular name since this broker offers elite class service to its client. Being a matured trader you must find a well-regulated broker where you can trade currency pairs without hassle. During your technical analysis, focus on rational logic and throw away your emotions to execute best trades.

Hope makes the traders change their strategy

Imagine you have invested your money in Forex and it is your first time trading. You have no knowledge of the currency industry and you do not know how the volatility works. You placed some trades with discipline for the first few months and you started getting success. No wonder that you are excited and you want to try something new and more profitable. This idea is backed up by your hope because you have a good experience in the past. This is when the dangers of hope are initiated.

You started making plans in your strategy that has proved successful and effective. For example, you started changing the position of the stop-loss and make them bigger. You know it is risky but you are eager to make a huge amount of profit. This leads to destroying your plan and you begin to make random changes. Even if you do not set a big position size, you started using leverages in trends that had favored your trades in the past. Any changes should be revised before they are used in the live industry and hope makes the traders skip this part. As a result, many flaws get into their trading plan and they start losing their money.

Expect unrealistic outcomes

The most dangerous outcome is you begin to harbor unrealistic expectations. You know it is wrong but you cannot realize it at that moment. You are blinded by your hope and overconfidence and your eyes only get opened after losing the capital. Keep your hope in a limit and expect the worst. The industry may not turn out in your favor and need backup plans.

Should I not be hopeful then?

We are not discouraging you from hoping as it shows you the path in darkness. What we want to tell you that it is risky and can involve with your emotion. When it does, it makes you emotional and your decision becomes questioned. Most good trades are made without emotion and are based on the analysis of trends and by assessing the information of the industry. If you want to hope, make sure that it is not having any effect on your trading strategy.

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